What to Consider When Choosing a Financing Company

There are many reasons why you might need equipment financing. Aside from gaining quick access to the equipment you need to run or grow your business, it allows companies to acquire this equipment without limiting their cash flow. Many business owners find the loan process from banks to be too difficult or timely to get for a variety of reasons and choose to look at equipment financing.

Why is it so important to find the right company offering business financing services for you when choosing this route? Purchasing or leasing equipment is a significant investment, and you want to make sure you’re working with a company that fits your financial needs aside from just having competitive interest rates.

Factors to Consider

Equipment financing can help businesses grow by providing much-needed equipment as well as opening up access to capital. With asset based lending in Canada, you want to find a lender that is going to work for you, not one that will create more headaches and problems or not take the time to truly understand your business and its needs. There are a number of factors to consider to determine if a financing company is the right one for you and your business.


Experience is one of the critical factors to consider when choosing a financing company. You want to be sure the company you work with will have the expertise and resources required to finance your equipment. But experience is not just about the age of the business. You want to be sure the people you will be working with have experience and knowledge in your industry.

Here at WiseCap our team is made up of business owners and professionals who are just like you and have faced the same challenges you’re facing. Our experts have worked within the industries we serve, so we understand the challenges facing the business owners we work with.

Our business financing experts understand you need equipment in order to move your business forward and that you need a creative solution to pay for that equipment. Whether you are looking to solve an operational challenge or grow your business, we can help you.

Good Communication

Business owners don’t have endless time to navigate intense processes, cut through red tape, and chase their applications. To avoid this, look for a company with dedicated professionals who will walk you through the entire financing process and be ready to answer any questions you have in a timely manner.

At WiseCap, we take a consultative approach to understand your business’s strategic financing needs, including its budget, use of equipment, and how the equipment will affect your business. This helps to ensure we get the results you need, and we’re not wasting your time finding solutions to problems you don’t even have.

Provide Flexible and Efficient Services

The benefit of using business equipment financing is that it provides you with the equipment, machinery, and tools you need without you having to worry about having the money on hand to pay for them in full upfront.

Our solutions through WiseCap cut through red tape and give you the flexibility to use the equipment you need at the rate you need. This way, you can obtain equipment as needed and don’t need to wait for a rubber stamp to facilitate essential equipment upgrades or repairs.

At WiseCap, we grow and expand our offerings to serve our clients’ varying needs better. We don’t just offer equipment financing; we’ve also expanded into factoring accounts receivable as another service for businesses struggling with chasing down overdue accounts to help companies to free up cash flow.

Over the years, we have also grown to offer refinancing and asset based lending, private mortgages, consumer financing options, and business lines of credit and term loans.

How WiseCap Can Help

Whether you want to take out a truck loan or finance your kitchen equipment for your restaurant, WiseCap works with business owners to find the best solution for their specific business needs. Our holistic approach to your immediate business financing needs allows us to get the right result for you and your business, every time.