Exploring topics relevant to Canadian entrepreneurs and businesses in heavy equipment industries. From finance and leasing trends to insurance considerations and business strategies, we provide expert insights to help businesses stay informed and ahead of the curve. Stay tuned to the Essex Lease Insider for the latest updates and industry news.
Introduction Securing the right funding at the right time is critical for businesses of all sizes, but in Canada, that’s often easier said than done. Many businesses face long approval
When it comes to acquiring heavy equipment, many businesses face a crucial decision: Should I lease or buy? While leasing offers many advantages, persistent myths prevent some companies from considering
Asset-based lending (ABL) is a type of lending that allows businesses to secure a loan by leveraging their physical assets as collateral. But how does asset-based lending work, and what
The looming implementation of new U.S. tariffs under the Trump administration has Canadian industries bracing for potential disruption. For businesses—particularly those in the oil and gas sector—these proposed tariffs could
As we step into 2025, it’s the perfect time to reflect on an incredible year at Essex Lease Financial Corporation. Throughout 2024, we celebrated milestones, embraced opportunities to connect as
As we reflect on 2024, it’s clear that industries we serve have faced a dynamic mix of challenges and opportunities. From evolving market demands to policy shifts, businesses have had
When it comes to outfitting your business with the right equipment, one question inevitably arises: Should you rent or purchase? Each option has its own set of advantages and challenges,
Inflation has been a key issue in Canada over the past few years, with consumer prices rising sharply since 2021. The Bank of Canada’s primary goal is to keep inflation
There’s more than one way to judge a region’s financial health, and in Alberta, local events can reveal more than you might think. Alberta’s abundance of natural resources and professional
The transportation industry covers many areas, including trucking, the movement of goods, logistics, warehousing, infrastructure development, and public transportation. As such a big industry, operational efficiency is key to solid
For any kind of business growth, you’re going to need working capital to finance expansion, implement new strategies, and take on new employees. However, working out what your business can
At Essex Lease, we’re all about celebrating our wins, and 2023 was a year of victories for us and our clients, thanks to the dedication and hard work we put
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