WORKING CAPITAL
At Money in Motion, we believe it’s important to support local businesses. Whether you’re in Edmonton, Sudbury or Montreal when Canadian businesses succeed, our whole economy benefits. That’s why we’ve made it our mission to help local businesses gain access to the working capital they need, not only to survive but to thrive
HOW TO GET WORKING CAPITAL?
If you need working capital to cover the cost of your daily expenses, equipment leasing, hire new employees or expand then there are basically three things you can do:
- Try to get a line of credit based on your accounts receivables from the bank. This is the most difficult route to take as banks tend to have a very demanding list of criteria that must be met before they’ll agree to extend credit.
- Opt for a sales-lease-back with Money in Motion. You sell your equipment to us and we lease it back to you over an agreed upon period, freeing up cash for other uses.
- Sell your accounts receivables to one of our affiliates. You receive 98% of your invoice which will give you access to the funds you need to move your business forward.
Working capital can help you stay ahead of your expenses, give you the funds for equipment leasing or even take advantage of sales and special offers. When you need cash to build your business, Money in Motion can help. Contact us today to learn more!
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You can keep things running
Sometimes the cheques roll in, and sometimes they trickle. It’s part of doing business. But you need to be able to keep the lights on and pay your employees while you’re waiting to get paid. Our financing options can make sure everything continues to run smoothly even when there’s a backlog in your receivables.
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You won’t miss out on opportunities for growth
When the opportunity comes a-knockin’ you need to have enough resources at your disposal to open the door. Working capital gives you the freedom to pursue lucrative opportunities that promise big returns.
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Capital when you need it
We don’t make you jump through a bunch of hoops. Our working capital deals are designed with urgency in mind, that’s why we make the whole process as quick and pain-free as possible.
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You can weather the storm
It pays to expect the unexpected. Equipment breaks down. And when big expensive machinery breaks down it usually takes a big expensive repair bill to get it up and running again. Don’t let unplanned expenses cripple your business, increase your working capital with Money in Motion instead.
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IS IT FOR YOU?
This question is totally dependent on your company’s particular circumstances. Our experienced people are happy to discuss the options with you.
What Is It?
You can lease your equipment for a specific term at specific payments with a determined end value where you intend to acquire the asset for the residual amount.
Is It For You?
The equipment you need to successfully run your business may be very expensive. Leasing is a cost effective way to deliver a high quality service to your clients without having to invest your own capital into the machinery.
What Is It?
A sale-leaseback is utilized when you have equity in your equipment but you are short on long-term capital. We will arrange to purchase your equipment from you and lease it back to you over a specific timeframe at predetermined payments. This is very effective when you do not have a proper line of credit with your bank for short-term working capital purposes.
Is It For You?
If you need working capital…you bet
What Is It?
A residual lease is an agreement where we have worked out with you a payment that better matches the revenue stream that the machine will generate and have put a residual at the end of the lease that is close to the wholesale value at that time. This is very popular when a client is more interested in trading up to a new piece of equipment at the time the residual comes due and we will work with them to do so. The residual can also simply be rewritten on a new lease. Many of our leases do require custom tailored payment programs to match the revenue expectations of the machine and we are one of the few leasing companies who understand this process.
Is It For You?
A residual lease lets you conserve your cash flow, manage your budget better and deduct the applicable taxes, as well. If you think this option would help your business, apply now!
Our leases generally range from 24 to 84 month terms.