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Ever-changing technology, coupled with increased budget limitations, can make it difficult and costly for many organizations - private and government alike - to purchase the essential equipment they need. As a result, equipment leasing is becoming more and more a sensible operational alternative, both on a fiscal and production level. The demand for equipment has paved the way to a new type of financial product - leasing. Proland Capital Inc. is a leader in the field of equipment leasing. They can rent or lease almost any piece of equipment, for any kind of business that is available on a competitive market. The organizations’s mandate is aimed at providing leasing solutions to the federal government and private sector. Daniel Courville, Proland’s founder, created a management team with extensive hands-on leasing experience. Established in 2001, Proland is 100% Aboriginal owned and draws on an extensive network of clients and financial institutions, such as Ford Motor Credit Corporation, GE Capital, Citibank and Trilon. How does the process work? It depends upon the type of asset involved, but the list of equipment for lease is exhaustive; it includes products (rolling stock) such as printing presses, construction, transportation, mining, and forestry machinery, along with a variety of office and computer equipment. Proland will visit your business and assess your equipment needs. Following this, and in keeping with your budget, the company will recommend the best leasing solution for you. Options may include: Capital Leases: The equipment is treated as an asset which is depreciated on your books, however the asset is purchased by the lender and registered in their name. The lease-end value, which is inferior to its actual market value, is guaranteed by you the borrower at the end of the lease at which time you repurchase the equipment and add it to your fixed assets. Operating Leases: Like a Capital Lease, the asset is purchased by the lender and registered in their name and depreciates the equipment on their books; the lease-end value is close to or equal to its fair market value. However at the end of the lease, you have the option to purchase the equipment or return it to the lender as you would a rental contract. Proland Capital has many lenders throughout Canada and the U.S.A. with whom they are affiliated. This network of contacts helps to maximize the success, efficiency and conditions of your lease by funneling your requirements to the best-suited lender. Proland Capital also has the ability to co-brand its product, meaning that the master Lease is in Proland’s name making them the initial lender. For more information, contact Proland Capital Inc. directly at (819) 360-4588.
SPOTLIGHT ON STANDING OFFERS This is the second installment of our new “Spotlight” series focussing on Aboriginal suppliers having a standing offer or supply arrangement within a particular category of the Standing Offer Index (SOI), maintained by Public Works and Government Services Canada (PWGSC). In this issue, we Spotlight the Aboriginal NMSOs dealing with: Internetworking products (hubs, routers, switches, bridges, etc.) The following table contains the names and addresses of the Aboriginal suppliers with whom an NMSO has been established in this category. They are in effect until February 28, 2005.
Their products and services are equivalent to those provided by non-Aboriginal suppliers and at competitive prices. When your next requirement for internetworking related products arises, take into consideration your commitment to the PSAB and issue your call-up to one of the above suppliers. They will provide you with a quality product in an effective and professional manner. Aboriginal Supplier Base... The number of First Nation, Inuit and Métis suppliers who have the capacity and capability to meet your needs is ever growing. Just check out the Contracts Canada database to see the more than 3,400 listed suppliers. It’s easy... just log-in to their web-site at: http://contractscanada.gc.ca Industry Canada is also maintaining a database called Strategis Aboriginal Business Directory which is a database accessible to buyers in all government departments and agencies, as well as to others seeking Aboriginal suppliers. Both database can be found on INAC’s Web site: http://www.ainc-inac.gc.ca under the Procurement Strategy for Aboriginal business and then Supplier search. Identifying Aboriginal Suppliers that can meet your needs from Strategis, SRI or the SOI is quick and easy... support the Strategy, provide an opportunity for our Aboriginal suppliers on your next procurement.
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Last Updated: 2004-08-05 | ![]() |
Important Notices |