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More from Ken Hurwitz
Succession planning should include employees
- By Ken Hurwitz
- May 27, 2020
- Management
- Blog Post
A number of conditions need to be present before a meaningful discussion about transition takes place, but it is never too early to start the conversation.
Get professional help
- By Ken Hurwitz
- Apr 3, 2020
- Management
- Blog Post
I always advise my clients to have a conversation with their financial adviser before they make any purchases to ensure it is clear how the purchase will be handled from an accounting perspective.
Leasing is a viable option, even for used equipment
- By Ken Hurwitz
- Feb 28, 2020
- Management
- Blog Post
Any leasing company that does business within the manufacturing industry should not have any problems arranging financing for a used machine.
Leasing companies offer flexibility, industry expertise
- By Ken Hurwitz
- Jan 27, 2020
- Management
- Blog Post
Throughout the last decade the manufacturing industry, for the most part, has been on a very long run of both opportunity and growth, which means manufactures have had a constant need for equipment.
Year-end purchases must be handled carefully
- By Ken Hurwitz
- Dec 19, 2019
- Management
- Blog Post
As the year comes to a close, some manufacturers are under pressure to buy equipment either because budgeted money needs to be spent or financial reasons are pushing them to get a new purchase on the books before year-end.
Why are successful shops successful?
- By Ken Hurwitz
- Nov 28, 2019
- Management
- Blog Post
There are many best business practices within the industry, but here some important ones.
Understanding collateral
- By Ken Hurwitz
- Nov 11, 2019
- Management
- Blog Post
It is very important to understand that there are options beyond just providing deposits to attract lenders, and they usually start with making the best use of assets that have already been accumulated.
Be prepared before attending CMTS
- By Ken Hurwitz
- Sep 10, 2019
- Management
- Blog Post
The Canadian Manufacturing Technology Show (CMTS) is just around the corner, and visiting this show definitely can be a productive use of time.
Get a lease that’s structured for you
- By Ken Hurwitz
- Aug 28, 2019
- Management
- Blog Post
Borrowers should seek out leasing options that are tailored to their unique needs.
Borrowing and the value of money
- By Ken Hurwitz
- Aug 7, 2019
- Management
- Blog Post
All of a borrower’s assets are secured with a General Security Agreement (GSA). However, it is the nuances of the GSA that cause some confusion for many business owners
Equipment leasing basics
- By Ken Hurwitz
- Jul 29, 2019
- Management
- Article
Ken Hurwitz has spent a decade arranging equipment lease financing. These two key questions are always top of mind for potential clients and the answers explain how leasing can work for you.
Get prepared for fall spending now
- By Ken Hurwitz
- Jul 8, 2019
- Management
- Blog Post
A lender reviews the company’s operating profit, working capital, and cash flow to determine if the business currently is profitable and has the ability to pay for its existing loans and expenses before seeking new financing.
3 mistakes to avoid when leasing equipment
- By Ken Hurwitz
- May 30, 2019
- Management
- Blog Post
All lending in Canada is based on the prime rate, which is the annual interest rate that major banks and financial institutions use to set interest rates for variable loans and lines of credit.
Understanding sale leasebacks
- By Ken Hurwitz
- Apr 22, 2019
- Management
- Blog Post
A sale leaseback is a transaction in which the title of the asset is conveyed, at an agreed upon price, to a financial institution in exchange for a lump-sum cash payment.
Improve your processes with leased software
- By Ken Hurwitz
- Mar 6, 2019
- Management
- Blog Post
Leasing manufacturing software frees up cash flow for use elsewhere in the business.
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