Looking For Clear ABC’S of Business Financing In Canada?
OVERVIEW – Business finance solutions for the Canadian business owner and manager . Financing help and assistance gives your business a solid footing for growth and profits .
Business Finance Solutions. Quite frankly, we knew it all the time. At the risk of sounding like know it alls,
there it was, yesterday, in one of Canada's two leading newspapers.
What was it? It was a full page; yes a full page article entitled ' THE DEFECIT OF FINANCIAL ABC’S’. In it , the author , an executive with the Canadian Federation of Independent Business maintained , with real life examples, that Canadian business owners, certainly in the SME sector , are uncomfortable with ' financial lingo ' , referring to it as a foreign language to many!
Truth be told, we find Pirate Lingo the worst ! Johnny Depp films have made my wife a master of that genre
Another example pointed to in the article - only 2 out of ten could provide proper commentary on things such as balance sheets and cash flow management.
It's of course what we have been preaching ( like a broken record all along?)
on the importance of getting some help in financial solutions, whether that be knowledge assistance, or in our case, financing .
One of the final main points in the article was that the business owner recognizes that they need help and need to invest a bit of time in what is actually a critical factor to long term survival, let alone success.
Canadian business owners and financial managers need to determine how much capital they need both currently and in the intermediate to long term. At that point they can start the search, on their own, or with a trusted advisor, to access those sources of financing.
In Canada some basic financing solutions include the following:
Receivable financing facilities
Equipment leasing
Working Capital Term Loans
Asset Based Lines of Credit
Commercial Canadian chartered bank lines of credit
Franchise financing solutions
Government business loans
Tax Credit Monetization
Contract /PO/Supply chain financing
That's a lot of solutions, and we assure the beleaguered business owner that, unfortunately, each comes with its own lingo.
All of these solutions can apply to both start up and established businesses. Larger corporations of course have access to more esoteric and sophisticated business finance solutions - including securitization, Mergers, Capital pool, IPO's, Mezzanine financing, etc.
It's not only important to determine that you need capital or cash flow in a certain amount, its also important to understanding the timing and various structures of each of the many financial solutions that we've noted above .
Bottom line is that understanding cash flow needs, and solutions will power your business into the next stage of success. Oh, and by the way, some of these solutions might work for all your financing needs, and in certain cases it might be a ' mix and match'
Our bottom line today? Simply that seeking the financing assistance you need might not be the toughest challenge you think it is. Seek out a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and asset monetization needs.
CANADIAN BUSINESS FINANCING EXPERTISE
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 . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/business-finance-solutions-assistance-financing.html
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
Stan Prokop
