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 business banking. Show all posts
Showing posts with label business banking. Show all posts

Thursday, July 6, 2017

Avoiding Business Loan & Financing Mistakes : Cracking Funding Obstacles












Going From Pain To Pleasure In Business Loan & Financing Success


Information on business banking and financing alternatives for the Canadian business landscape


Canadian chartered banks, usually by virtue of their 'relationship' with business owners and entrepreneurs are in a position to pass on valuable financing tips and information on business loans and working capital for start up or smaller firms.

Although the banks are a solid source of such information the banks themselves, by virtue of their charters and credit policies, are unable to directly satisfy all  the financing needs of the customer.

Business owners are often therefore encouraged by banks to 'self finance 'the venture via equity or owner capital and commitment. It is clearly a misconception that banks play a key and major role in the financing of new ventures.

 Possibly the only exception to this statement is the fact that the banks offer up, in their role as administrators, the Government Small Business Loan, which is a Canadian federal government program providing loans up to, in some cases 500,000.00$ for purchase of real estate, business assets, or leasehold  improvements. (The more typical loan amount maximum is 350,000.00$)

We may or may not agree with Canadian banking policies on start up and young venture financing, we should however appreciate the banks stance - they are lending out our capital at very low rates, with potential to lose the entire investment if your firm can't repay loans and financing.


How can the small or newer business succeed in financing options? Businesses of the size that we are discussing need thousands, literally millions of dollars of financing to fuel their growth in Canada. In our commentary that we are providing it is important to note that as companies develop along the 'stage of development 'timeline they of course have much more access to traditional bank and private equity financing.

We are primarily talking about earlier stage companies, who may be still developing products and services and may not be yet profitable as they start delivering and billing for those products and services.

If there's any good news around the needs of growing and newer businesses it's the emergence of numerous  alternative financing ' solutions that can be easily accessed by business owners and financial mgrs.

They include :

A/R Financing

PO Finance

Working capital term loans

Equipment financing

Sale Leasebacks

Franchise Loans

Non bank asset based revolving lines of credit - aka ' ABL's '


If you are mature company looking for the best in capital solutions or a part of the small to medium enterprise sector with growth  and financing challenges seek out and speak to a trusted, credible and experienced Canadian business financing advisor.

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

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 100 Million $ of financing for Canadian corporations .





Direct Line = 416 319 5769

Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '


ABOUT THE AUTHOR

Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.












Tuesday, July 4, 2017

Asset Based Lending Breaks The Impossible Business Financing Barrier ? Here’s How!












Got 5 Minutes? Here’s  Some Business Loan & Working Capital Solutions For Companies Seeking SME Commercial  Finance Solutions

 

OVERVIEW     Information  on  traditional bank and alternative non bank financing solutions in Canada. Financing strategies such as cash flow based asset based lending provide sought after working capital and cash flow alternatives for companies seeking sme commercial finance solutions

 



Asset based lending, a term unknown to some business folks, is often a great solution to companies that are unable to access traditional bank type financing. Many new, smaller and growing companies are simply looking for additional financing these days. Owners and mgr's want... options! Let's dig in.


                                    

Those challenges tend to be painfully obvious to the Canadian business owner or financial manager that has worked to get traditional bank and equity financing. Here are typical traditional lender concerns:

 

Perceived industry or product risk

 

No collateral

 

Uncertain financial projections

 

Limited Performance history

 

How can companies overcome these very traditional roadblocks and challenges? There are a number of ways.

 

First of all, all alternative methods of financing should be pursuing. Alternative financing methods are most non dependent on the above noted risks and challenges. Those alternative methods of financing might include:

 

 

*Business Angels or strategic partners (think suppliers!) for short term arrangements

 

 

*Equipment Lease financing

 

 

 

* Sale leasebacks on equipment already purchased and paid for

 

 

*Asset based lending arrangements that provide working capital facilities against initial receivables, inventory, and purchase orders  KEY POINT : (These facilities don't have the same requirements as banks)

* Sr Ed Tax Credits - Customer who have filed claims can finance those claims for cash

 

* Invoice / Receivable Financing - Immediate cash for your firm's receivables (these facilities can be of any size). Our most recommended solution in this area is Confidential Receivable Financing. Your firms bills and collects its own receivables and creates an automatic cash flow machine from your sales revenues.

 

In summary, newer or smaller firms fall into the ' void ' area of financing, where very few traditional financing strategies can be implemented, at a time when cash flow and working capital are most critical. The above mentioned solutions fall into our general category of ‘ ASSET BASED LENDING ‘ .. so now you know!

 

Business owners should review non alternative strategies which can be of great assistance in early growth periods 

 

  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 100  Million $  of financing for Canadian corporations .






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



' Canadian Business Financing With The Intelligent Use Of Experience '


ABOUT THE AUTHOR

 
Stan has had a successful career with some of the world’s largest and most successful corporations.
 Prior to founding 7 Park Avenue Financial in 2004  his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980)  DIGITAL EQUIPMENT CORPORATION,1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 )   He is an expert in Canadian Business Financing.


Stan has over 40  years of business and finance executive experience. He  has been recognized as a  credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had  in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He  has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.