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.



Showing posts with label abl lines of revolving credit. Show all posts
Showing posts with label abl lines of revolving credit. Show all posts

Thursday, June 23, 2011

Why Postpone Business Success? Investigate ABL Lines Of Credit & Asset Based Lending In Canada


Sure you could wait. Maybe later this year... next year, or several years down the road..? We're talking about getting all the business financing you need and why ABL lines of revolving credit via asset based lending can work for your firm... today!

We think all our clients agree that in today’s competitive environment ' waiting ' for things to change is not going to work! So let’s consider a type of financing that will work, today, and for the future.

Hard hit. That's how many businesses, small, medium, and yes, large... feel about being caught in the downdraft of the difficulty to obtain the proper amount o fbusiness financing they need. The 2008 - 2009 recessions didn’t help, and even our world wide admired Canadian banks had to hunker down, which in your case meant less access to capital as if you didn’t know already. The bottom line, it was simply business credit was, and to some extent is, tougher to obtain.

The above conditions and the ever changing Canadian business financing landscape has made it a ' perfect storm ' for ABL lines of credit and asset based lending . Businesses who have been forced, or who finally realize they had non-bank business financing options are exploring ABL (the acronym for asset based lending) every day in Canada these days, with thousands of companies having ' signed up for the program '.

Canadian businesses of all types are investigating ABL. It’s very simple really, they either have no access to traditional funding, or if they do, it’s not for the amount of capital they need. Others simply adopt the Boy Scout motto - BE PREPARED ‘! and are proactively seeking alternative operating line of credit solutions. The bottom line - working capital and cash flow has become ' job #1' for Canadian business.

Want a simple, basic reason why companies are looking for a financing alternative. It’s just that firms have more debt, accounts payable days have risen, and, no surprise, clients are waiting much longer to get paid by their own customers.

Many Canadian business owners and financial managers haven’t even heard of ABL, much less embrace it. A lot of the new interest is in the SME marketplace, but many of Canada's largest corporations utilize this financing also.

It is no longer ' financing of last resort '... in fact it’s become an unbelievable tool to grow your business. expand into new markets, acquire a competitor, or even just survive after some challenging years or special circumstances your company may have encountered.

ABL lines of revolving credit, just a basic term for asst based lending is simply a business revolving line of credit that allows you to borrow against all your assets - those being receivables, inventory, and fixed assets and real estate, if that comes into play. The difference? You can borrow significantly more, because the total focus is on assets.

In Canada ABL lines go from 250k and up, with really no upper limit on the amount of your facility, we're talking millions of course. Your credit availability increases very significantly based on the elimination of the traditional Canadian chartered bank issues of rations, covenants, outside collateral, personal net worth, etc, etc. The bottom line, you are borrowing on your assets!

There are some different, lets call them ' flavors ' in the Canadian ABL asset based lending marketplace. The facilities come in different shapes and sizes; can be just receivable based, or a full service solution delivering extra capital against all your assets.

So, can you afford to wait or postpone business financing success? If you do, we're jealous of course. If you can’t wait, speak to a trusted, credible, and experienced Canadian business financing advisor on achieving benefits of ABL finance... today!





Stan Prokop - founder of 7 Park Avenue Financial -

http://www.7parkavenuefinancial.com


Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :


http://www.7parkavenuefinancial.com/abl_lines_of_revolving_credit_asset_based_lending.html