Financial Management Tips
Five Questions to Ask Your Lender
When it comes to securing financing, having a great partner by your side can make all the difference. Few relationships will be more important to the success of your business
The ELFC Insider
Seasonal & Timely Topics
Under Pressure: How to Manage Cash Flow Strategically
The business world is competitive, so having a strategy is critical. Business owners must have flexibility in order to stay focused on their goals and long-term growth plans. But if
News & Industry Insights
Five Reasons the Independent Lending Industry is Growing
Independent lending in Canada is growing in a big way — in fact, it’s anticipated the sector will be worth well over $10.3 billion CAD by 2025. There are many compelling reasons
News & Industry Insights
Five Truths About Interest Rates
Lately, we’ve heard from many customers who have questions about interest rates. As the economic outlook continues to be uncertain, businesses in the energy, construction, and transportation sectors have especially
Client Success Stories
Case Study: More Than Rates-How a Flexible Lender Can Make or Break Your Business
“Essex provides flexibility that traditional banks simply can’t,” Steve Bruneski, owner of Ascent Transport. “They’re true businesspeople doing business—not bankers trying to check boxes.” Client: Ascent Transport is a specialty
News & Industry Insights
Why We Care So Much About Character
Essex Lease Financial customers are used to hearing us talk a lot about “character.” As one of the 5 C’s of Credit, character comprises a primary factor independent lenders like Essex use to
Financial Management Tips
Cost Control: How Re-Thinking Your Lending Relationships Can Help You Deal With Rising Costs
Are rising costs changing how you think about debt? You’re not alone. The Canadian Federation of Independent Business recently found that a third of small business owners reported borrowing costs were
News & Industry Insights
Why Customized Financing Matters in an Uncertain Economy
“Unprecedented” is a word that’s been thrown around a lot in the last couple of years – and nowhere is that clearer than in an economy that hasn’t behaved the way
News & Industry Insights
The Top 5 Myths About Independent Lending
Many Canadian businesses have come to learn a hard lesson over the past few years — when economic times are tough, banks are often missing in action. As companies struggle
Financial Management Tips
5 Common Mistakes We See Our Customers Make
“The only real mistake is the one from which we learn nothing.” -Henry Ford There is no road map when it comes to owning a business. It’s a process of trial
Financial Management Tips
Expert Financing Tips for Seasonal Business
Seasonal business models are unique, which means seasonal business owners must take a strategic approach to their financing needs. When you’re operating a seasonal business, it’s essential to
Client Success Stories
Case Study: Mike Schnell and Maverick Oilfield – One Business Owner’s Advice On the Importance of Your Lending Partnerships
As for so many in Alberta during a difficult time, the major credit union Maverick Oilfield was working with simply cut off their line of credit. To keep
Educational Resources & Equipment Financing Guidance
Why Character Matters in Lending and Financing Decisions: Understanding the 5 C’s of Credit
Nick-named “the 5 C’s of Credit”, five factors form the industry standard for how most lenders make their lending and financing decisions. For over 35 years, Essex has
Client Success Stories
Case Study: Financing Through Ups & Downs-How Essex Helped One Business Succeed
Trucking is a highly competitive industry, and many businesses don’t succeed in the long run. Because banks tend to be extremely risk-averse, raising the working capital needed to
Financial Management Tips
How to Reduce Your Insurance Costs with a Specialized Broker
Essex has partnered with CMB Insurance Brokers to provide tailored risk management solutions that help business owners get the insurance they need without the extra premium costs. Let
Client Success Stories
Case Study: Financing People, Not Balance Sheets – How Essex Lease Helped One Business Get Back to a Prosperous Future
When a longtime Alberta business hit a recession, its banking partner would no longer support its financing needs. In this case study, we look at how Essex Lease
Educational Resources & Equipment Financing Guidance
5 Reasons Small Businesses Should Think ‘Outside-the-Box’ When it Comes to Their Financing Options
At Essex Lease Financial, we hear time and time again from business owners who are frustrated with their bank. The truth is traditional banks have never really been
Client Success Stories
Case Study: Why One Business Owner Switched Their Financing Needs to Essex – and Why They Say They’ll Never Go Back
A Case Study of one customer that switched their financing needs to Essex Lease Financial Corporation from a traditional bank and why they prefer the flexibility in their
Client Success Stories
Case Study: How Essex’s Flexible Approach and Personal Touch Helped A Business Succeed Despite Financing Challenges
A Case Study of one customer that worked with Essex Lease Financial Corporation to find flexible financing solutions to help them succeed in their business. Read more in
Educational Resources & Equipment Financing Guidance
What Small Businesses Need to Know About Business Insurance
This article outlines how business insurance can support the growth and industry needs of small businesses in Canada.