Web Hosting Talk : Web Hosting Main Forums : Colocation and Data Centers : Leasing Company - What a Pain!

[XFactorServers]

Evening WHT,

The last week or so we have been going around trying to find a leasing company that is willing to work with us. We are a Canadian based company but the equipment would be located in the United States. The issue we are having is none of them are/can work with a Canadian based company even though the equipment will be located in the United States. We have spoke with a total of 4 leasing companies in the United States but we are afraid if we contact a Canadian based company they will say the same since the equipment won't be located in Canada. We also do not want a hardware company that will do leasing on there part as we are already happy with ICC and RackmountsETC.

I am hitting a brick wall at the moment.

[rustelekom]

Leasing for foreigner's is hard for finding. May be opening new company or branch in USA does help in your case.

[MooreAdmin]

A lot of the more flexible leasing companies in Canada got gobbled up in 2008-2009 by the big boys, not a lot of options left. Our old leasing co. got bought out by MCap, who then wouldn't even look at any lease less than 1 mill ;P

Most everything left is either tied to the hardware sale, or wont let it leave the country (harder for them to reposes should you default).

[XFactorServers]

Originally Posted by MooreAdmin

A lot of the more flexible leasing companies in Canada got gobbled up in 2008-2009 by the big boys, not a lot of options left. Our old leasing co. got bought out by MCap, who then wouldn't even look at any lease less than 1 mill ;P

Most everything left is either tied to the hardware sale, or wont let it leave the country (harder for them to reposes should you default).

Ouch, so I am not the only one. It may be time to look for a hardware vendor that is willing to do a lease on there end ?

[Tvirus]

Have you tried Sharedlayer? They've been around awhile and may work with you (unless you've already contacted them that is).

[XFactorServers]

Originally Posted by Tvirus

Have you tried Sharedlayer? They've been around awhile and may work with you (unless you've already contacted them that is).

Shared Layer is a dedicated server provider... they have no use for us considering we have our own space inside selected data centers.

[bhavicp]

Maybe a bank loan could be another option.

[rickb12]

Originally Posted by rustelekom

Leasing for foreigner's is hard for finding. May be opening new company or branch in USA does help in your case.

As far as I know, even if you incorporate in the United States, the banks are more than likely going to ask you for a personal guarantee, which you won't be able to provide unless you have a social security number or an investor in the states that would be willing to serve as the personal guarantee.

[XFactorServers]

Originally Posted by ReadyRick

As far as I know, even if you incorporate in the United States, the banks are more than likely going to ask you for a personal guarantee, which you won't be able to provide unless you have a social security number or an investor in the states that would be willing to serve as the personal guarantee.

Pretty much, although we may have found a company to work with. Will keep you updated

[ishan]

Originally Posted by XFactorServers

Pretty much, although we may have found a company to work with. Will keep you updated

I am looking for some company offering the same. Could you please PM me the company you have found ?

Ishan

[EastCoastWebHost]

You don't mention what you're leasing or how much equipment, but maybe an alternative would be sourcing your equipment through a company like Dell or IBM that typically has an in-house leasing arm

[lostmind]

Originally Posted by EastCoastWebHost

You don't mention what you're leasing or how much equipment, but maybe an alternative would be sourcing your equipment through a company like Dell or IBM that typically has an in-house leasing arm

Dell Leasing is not all that happy about purchasing in Canada and colocating in the USA.

I also had some serious issues as a Canadian company trying to purchase through Dell USA. And Dell USA won't provide financing to a Canadian company.

Just my experience.

Now, I am interested in what XFactorServers has found. I am buying hardware with cash and it eats into working cap big time.