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 expansion financing. Show all posts
Showing posts with label expansion financing. Show all posts

Thursday, September 1, 2016

Expansion Financing Off The Rails ? Here’s Business Finance Solutions For Loans To Grow Sales & Profits










All Seasons Growth & Expansion Financing Alternatives


OVERVIEW – Information on expansion financing alternatives in Canada. Loans for growth are a key part of business finance success when your firm is looking to grow sales and profits



Expansion financing
is successful when your company has access to loans and other finance alternatives on a year round... shall we say ' all seasons basis. Growing your sales revenues and profits requires business finance for the times when your company has the opportunity to expand. Let's dig in.

What type of funding and capital does your business in fact need to expand? That challenges revolves around some basic issues based on exactly what your current needs are, as well as your firm’s ability to handle and manage that new financing. Here's where some solid planning and foresight put you in a win win position - that planning we mention replaces the full time search for capital that we seem to meet many clients on - taking away from their day job - running and growing their business !

Loans and asset financing and cash flow strategies are going to typically come from a bank or, in many cases a commercial finance lender. Here's where loans and the different options that currently reside in the SME COMMERCIAL FINANCE market need to be understood by the owner/financial mgr.

So what's the trick? It's of course identifying the right loans and business finance & expansion financing solutions that make the most sense for your firm - in many cases that's also closely tied to how your industry and competitors are financed. Here it's all about knowing if you qualify for the financing you need.

The typical expansion finance needs your business needs revolve around operating expense due to salaries, etc, as well as the necessity to carry more inventory and receivables and acquired new assets.
Along the way of course there is no ' straight line ' so cash needs fluctuate in the short and intermediate term.


Canadian banks, commercial finance companies, and even the Govt (via the Guaranteed Small Business Loan - max to 1 Million) play key roles in providing those solutions.


Funding solutions for business expansion include:


A/R financing

Inventory Loans

SR&ED Bridge loans

Commercial business credit lines/ term loans

SBL loans (The Govt guarantees and underwrites the majority of your loan)

Equipment financing

Sale Leasebacks

Asset based bridge loans and asset based revolving credit lines

Royalty Finance

P O Financing

Unsecured cash flow loans


Owners and financial mgrs need to differentiate on whether they are looking for cash flow financing, working capital solutions, long term debt, and asset monetization. All of those needs are delivered by different business finance solutions.

Critical issues that must be considered in growth finance include: loan term/length, amount of funds required, collateral, personal guarantees,


For a growing company it will often be the case that a combination of finance solutions is required. That's because growing sales will necessitate financing around credit line needs, fixed asset financing, term finance.


If you're looking for that ' all seasons' finance solution 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 your capital needs.


Stan Prokop - founder of 7 Park Avenue Financial
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com


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 '


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.



Friday, August 21, 2015

Expansion Financing In Canada : The Business Capital Funding Challenge





Panic At The Disco! Business Capital Finance Options To The Rescue













OVERVIEW – Information on expansion financing options in Canada . Business capital funding comes from the right mix of new debt, financing existing assets, or the expensive alternative – sale of ownership




Business capital funding
and expansion financing raises many questions for Canadian business owners and financial managers. The whole challenge of funding your business sometimes creates that ' Panic at the Disco ' feeling. Let's examine solutions and strategies. Let's dig in.

The need for expansion financing should be raising some specific questions for owners/mgrs. These include how much funding is needed to grow the business, and, as importantly, at what rate of growth. In some cases your company might be focused on buying another firm /competitor.

The other larger question that looms involves whether you are prepared to borrow, monetize existing assets, or actually sell some equity in your business - equity being the most expensive form of capital.

That equity comes from existing owners, friends and family, and external sources such as going public. Many firms in the SME area look at avenues such as capital pools and reverse takeovers of shell companies - often having disastrous consequences if not properly thought out/planned. And of course debt is acceptable - if it's at the right rate/terms and level.

It's always interesting to watch companies go through their different stages, from start... to growth and then the ' mature' stage where capital needs are less to none. Oh to be ' mature'!

There is a strong alternative for growth expansion that should always be looked at - Asset collateralization. This raises internal funds via existing assets.

Solutions in this area include:

Asset based lines of credit

Bridge Loans via existing collateral - these are often structured as ' interest only ' payments

SR&ED Tax credit financing

Sale Leaseback

Royalty Finance

Receivables factoring




Those larger ' mature' companies we talked about look at ' cash flow coverage' as to how they manage and take on new debt. Their ability to have cash flow to cover the debt gives them ' investment grade' or ' non investment grade ' coverage. While private companies are rarely rated in this manner it's time well spend to cover cash flow forecasts.



The Bottom line:


Understand your business cash flow prospects

Understand the types of debt you're willing and able to take on

Always consider the downside/worst case

Focus on a right mix of debt, equity, or asset monetization


Avoid our ' panic at the disco ‘analogy. 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 your capital expansion financing needs.






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 100 Million $ of financing for Canadian corporations . Info /Contact :


7 PARK AVENUE FINANCIAL = CANADIAN EXPANSION FINANCING & FUNDING EXPERTISE



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 '


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.