Author Archives: Frank Penkala

About Frank Penkala

A self-employed finance guy who you can reach most of the time at (403) 701-5877. Fixer of interesting commercial lease financing challenges. The journey just seems to be getting more interesting. An active supporter of Kiva, Plan Canada, The Stephen Lewis Foundation and MSF Canada.

Leasing a Vehicle For Your Business. You Find It, We Lease It. Source From Dealer, Auction or Private Sale.

Prefer to by-pass the dealership business office? Need to keep your information confidential and salesmen out of your business affairs? Found a great deal on a trailer through a private seller on Kijiji or AutoTrader? Have you picked up a … Continue reading

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Why Lease Equipment? In Case You Were Wondering…

You have probably heard of the tax benefits of leasing equipment and vehicles through your company. In short, when you lease your gear, truck or passenger vehicle your entire monthly payment can be recorded as a rental expense on your income statement. Obviously, this … Continue reading

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Business Development Partners Wanted: Consider the Equipment Leasing Industry!

LeaseDirect is seeking partner track sales and business development people across Canada. Candidates will have some level of sales, business development and financial services experience and training. Continue reading

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Creating Efficiencies: Smart Leasing of New and Used Equipment and Vehicles

Some of our most successful clients have built their businesses with a smart approach to acquiring assets that are aimed at improving operating efficiencies. With the right equipment, often a business will improve their processes enough to cover the cost of … Continue reading

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Refinancing Equipment: Sale Leaseback Financing for Vehicles and Equipment to Get Cash Out Of Fixed Assets

Your growing company needs a cash injection *fast*, the bank is dragging its heals and a lucrative opportunity may be slipping away. What to do? Use the valuable equipment already in your business to extract cash to grow your company. … Continue reading

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Financing Condo and Homeowners Association Repairs, Upgrades and Improvements

If your condo or homeowners association is planning major repairs or upgrades to your building or complex, you may be in for a tough cash call. There is now an affordable alternative for financing repairs and upgrades that won’t drain owners’ … Continue reading

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Financing Soft Assets? Almost Anything is Possible With Solid Financials.

Good news: We can now lease finance non-traditional ‘soft’ assets for well established, financially solid corporations. This may include software only deals for major mission critical packages key to supporting your enterprise. It could include warehouse fixtures, lighting systems, alternative power supplies, … Continue reading

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LeaseDirect Canada Now Accredited by The Better Business Bureau (BBB)

Well, we finally got around to getting accredited by the Better Business Bureau, aka BBB, and started off with a pretty darn good rating. Seems with almost 10 years of business under our belt under the LeaseDirect brand, with no … Continue reading

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LeaseDirect Charge on Your Credit Card?

It ain’t me babe, it ain’t me you’re looking for… ~ Bob Dylan Hold the phones. It seems major banks believe little ol’ LeaseDirect Canada is charging their clients’ credit cards for some nefarious purpose. For the record, in most … Continue reading

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Good Leasing Results: “It has been a pleasure working with you.”

Some transactions just go so well that I just want to reach through the phone to the person I’ve been working with and extend a big ol’ hug. Imagine every working interaction going smoothly, sharing the information needed to make … Continue reading

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Message from Credit

Every once in a while funny stuff happens at work, even in the leasing business. Yesterday I conferenced a rather unexpressive client in over the phone, connecting with the voicemail of a credit manager, to do a verbal confirmation of … Continue reading

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Doom and Gloom? Where?

So, we are providing lease financing for a new dermatology clinic in Vancouver; funding digger derrick and bucket trucks that will be working for BC Hydro; leased new servers to an engineering company in Calgary; approved an older lowboy trailer … Continue reading

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Leasing Services in Alberta – Our Poster Boy

Fred’s little Alberta based oil and gas drilling rig moving business is now generating considerable revenue, with decent profitability.  It has been an interesting ride with him over the past three years.  Starting as a modest water hauling operation, our … Continue reading

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Equipment Leasing: Sometimes It *Really!* Works

It is a pleasure working with people who have the determination (guts, gumption, skill, luck) to succeed, regardless of the perceived economic climate. I am starting to see year-end statements for a few companies who are not only surviving, but really, … Continue reading

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