WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Tuesday, March 24, 2015

Funding In And Outside The Bank : Getting Serious On Canadian Business Financing Alternatives





Removing The Obstacle Course In Canadian Business Financing









OVERVIEW – Information on how business owner/managers can achieve the right type and mix of business financing solutions for survival and growth. Removing obstacles in funding your business requires the right info and strategy










Business financing in Canada
- your company's finances are of course serious business,
this isn’t a television reality show obstacle course. Let's examine some external real world possibilities around funding your business, (externally and internally) with a focus on removing some of those obstacles. Let's dig in.




Suffice to say there are numerous reasons business owners/managers find themselves looking for external methods of financing their business. The good reasons include of course ' growth, in some cases there are liquidity challenges around day to day operations, let alone growth.

The planets align more perfectly when you’re looking for proper capital while running your business ' properly' at the same time. Here we're talking about focusing on issue such a profit and turnover of assets and optimal use of assets.

Financing your firm via external methods revolves around 3 simple choices-

Taking on new debt

Monetizing the assets you already have (both current assets and long term assets can both be monetized

Searching for an equity solution (Certainly possible but much more limiting as issues such as owner dilution and costs and probabilities around equity capital need to be addressed


More often than not the early stages of a firm’s initial financing capability will often determine the future course of growth and success. Here cash flow becomes a daily challenge (or hourly?!).

Where do top experts and studies tell us entrepreneurs go for capital? In order of search priority the leading contenders for business capital solutions are:

Banks

Corporate Credit Cards

Commercial Finance Companies

Equipment lessors

Govt business loans

Asset based lenders - providing receivables, inventory and fixed asset financing

VC / Private Equity groups


At times many business owners are ' tapped out ‘ personally , and the day to day struggle of managing assets and delaying payables becomes JOB #1 almost everyday.

Key to accessing the right type of funding for your business is the concept of understanding your risk profile. Suffice to say much of the entrepreneurs’ business time has been wasted applying for financing that was never meant to be. As our survey pointed out businesses head in droves to the bank, only to find their ' risk profile ' is significantly out of line with Canadian chartered bank requirements. While ' eye to eye' contact was almost a necessity in the past today’s bank scoring models and commercial banking structures don't always lend themselves to face to face meetings to make your case.

Many business owners might be surprise that large bank deals are in fact ' syndicated’; with bank loans being sold by your bank to others in the secondary market.

The fundamentals of any business financing application process include a business plan (not always required by certainly helping), historical and current financials, a cash flow/profit forecast, (usually the most important item!) and info on the owners. The results from all that drive that ' risk profile' we've been talking about.

If you're looking to seriously explore external financing in areas such as bank facilities, or numerous other alternative financing vehicles ( some of which you may never have even heard of !) seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with removing ... obstacles!





Stan Prokop
- 7 Park Avenue Financial :
http://www.7parkavenuefinancial.com
Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCING & FUNDING EXPERTISE




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line
= 416 319 5769

Office
= 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '

















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