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

Monday, May 9, 2011

At Last ! New Method To Finance A Business - Canadian Confidential Financing Factoring Receivables


A new thing in business is usually a good thing, it’s usually a welcome thing, and a new spin on that same good thing is of coruse even better.

C I D . What the heck is that you say? It's a little known term in Canadian business financing called confidential invoice discounting. Simply speaking it’s a new way of factoring financing your receivables when you want to finance a business.
Let’s ensure we have a clear understanding of financing factoring in general though, and then we'll show you why C I D is clearly head and shoulders above.

Believe it or not, because we run into them almost every day, there are still many small and medium sized businesses in Canada that aren’t aware of receivable financing . Simply speaking its getting an advance on your billed receivables today, with a fee being charged for the use of the funds until that receivable is collected.

Why would something so simple then be so popular and dramatic when it comes to cash flow and working capital for you business. Simply because as your revenues grow you ability to borrow, lock step in turn with those sales, grows also.

In the U.S. alone billions of dollars (yes that’s billions with a ' B') are financed every year. Slowly, almost too slowly we think, this method of financing is becoming more popular every day - even to the extent that some of the largest firms in Canada employ financing of this type. (If the big boys do it, well it must be right ...?).

We seem to spend a lot of time with clients talking about the ' stigma ' of financing factoring your receivables. That is kind of because receivable finance used to be associated with firms that had financial challenges, so to speak! But let’s get serious, after the 2008-2009 global recession and financial implosion even banks and worlds largest corporations were on their knees to some extent, so don't talk to us about financial challenges..!

There is kind of a second part to the whole ' stigma ' issue, which is simply the core of our subject today. When factoring moved into Canada awhile back it’s not surprise it came from the U.S. and European models. That business model for this type of financing has your financing factoring firm confirming your receivables with your clients.

What's that you say...??You find that a bit ' intrusive '?

Voila! Enter C I D - confidential invoice discounting. Simply speaking you are in charge of your own billing and collecting procedures - but, and it's a big ' but ‘... you still get all the benefits of receivable financing when you choose to finance a business in this manner .

Costs for C I D are essentially the same as ' regular ' factoring... so why wouldnt you opt for this type of Canadian business financing solution.

So what's our bottom line, that’s really what clients are looking for? Simply speaking its that if you are considering a bit of a non traditional approach to financing your Canadian business then investigate factoring financing - and when you do don’t forget to ask about C I D - Confidential invoice discounting finance. Speak to a trusted, credible and experienced Canadian business financing advisor who will demonstrate the costs and benefits of Canada's newest kid on the block in business finance.



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.parkavenuefinancial.com/financing_factoring_receivables_finance_a_business.html

At Last ! New Method To Finance A Business - Canadian Confidential Financing Factoring Receivables


A new thing in business is usually a good thing, it’s usually a welcome thing, and a new spin on that same good thing is of coruse even better.

C I D . What the heck is that you say? It's a little known term in Canadian business financing called confidential invoice discounting. Simply speaking it’s a new way of factoring financing your receivables when you want to finance a business.
Let’s ensure we have a clear understanding of financing factoring in general though, and then we'll show you why C I D is clearly head and shoulders above.

Believe it or not, because we run into them almost every day, there are still many small and medium sized businesses in Canada that aren’t aware of receivable financing . Simply speaking its getting an advance on your billed receivables today, with a fee being charged for the use of the funds until that receivable is collected.

Why would something so simple then be so popular and dramatic when it comes to cash flow and working capital for you business. Simply because as your revenues grow you ability to borrow, lock step in turn with those sales, grows also.

In the U.S. alone billions of dollars (yes that’s billions with a ' B') are financed every year. Slowly, almost too slowly we think, this method of financing is becoming more popular every day - even to the extent that some of the largest firms in Canada employ financing of this type. (If the big boys do it, well it must be right ...?).

We seem to spend a lot of time with clients talking about the ' stigma ' of financing factoring your receivables. That is kind of because receivable finance used to be associated with firms that had financial challenges, so to speak! But let’s get serious, after the 2008-2009 global recession and financial implosion even banks and worlds largest corporations were on their knees to some extent, so don't talk to us about financial challenges..!

There is kind of a second part to the whole ' stigma ' issue, which is simply the core of our subject today. When factoring moved into Canada awhile back it’s not surprise it came from the U.S. and European models. That business model for this type of financing has your financing factoring firm confirming your receivables with your clients.

What's that you say...??You find that a bit ' intrusive '?

Voila! Enter C I D - confidential invoice discounting. Simply speaking you are in charge of your own billing and collecting procedures - but, and it's a big ' but ‘... you still get all the benefits of receivable financing when you choose to finance a business in this manner .

Costs for C I D are essentially the same as ' regular ' factoring... so why wouldnt you opt for this type of Canadian business financing solution.

So what's our bottom line, that’s really what clients are looking for? Simply speaking its that if you are considering a bit of a non traditional approach to financing your Canadian business then investigate factoring financing - and when you do don’t forget to ask about C I D - Confidential invoice discounting finance. Speak to a trusted, credible and experienced Canadian business financing advisor who will demonstrate the costs and benefits of Canada's newest kid on the block in business finance.




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.parkavenuefinancial.com/financing_factoring_receivables_finance_a_business.html

Monday, January 10, 2011

How The Right Factoring Firms in Canada Can Provide Financing Factor Facilities Confidentially

You've heard about it - You suspect your competitors use it, you think it might work for you; it’s just that you don’t fully understand what it is! We're talking about factoring firms in Canada, and why financing factoring in the Canadian factor marketplace gains traction daily among small and medium sizes businesses all across Canada.

Let’s help you examine what this type of financing is, why it is grossly misunderstood by many business owners and financial managers, what it costs, and how it works. That’s a mouthful of information!

Financing factoring is an option you have to financing your business - it’s as simple as that. Clients are usually concerned about two things, how it works, and what does it cost?

Those are typical questions, in addition to wanting to understand the benefits of this type of Canadian business financing.
At its basic core the factor firm is a buyer of your receivables. The good news is that when you sell them you get immediate cash - we are talking same day cash. That brings to bear one of the largest misconceptions about this type of business financing, because the use of factoring firms in Canada you have eliminated the need to wait for the collection of your receivables. Typically these days clients are waiting anywhere from 30 ( you wish !) to 90 days, sometimes longer to collect their cash and generate cash flow and working capital back into their firm .

The cost of financing factoring in Canada generally is in the 1-3% per month range - while that initial information is often perceived as high to many clients the reality is they are spending that much, and more by carrying those receivables 90 days, and being further unable to utilize that cash to sell more and generate more profits.

So you can quickly see that with the right type of factor facility in Canada you have the ability to generate huge amounts of working capital and then in turn sell more, maintain relationships with suppliers on a better basis, and, as we said, create more profits, hopefully So that is what factoring is and why it can work for you.

But here's the biggest secret we can share - by working with the right factor firm or Canadian business financing expert and advisor you can actually create a facility that one ups your competition . That is because the factoring they are utilizing invoices the factor firm verifying billing and collecting with their clients. What you should actually be striving for is a confidential invoice financing facility that allows you to collect and bill your own receivables, with you in control, not the other factoring firms in Canada.

So, in summary, if you are carrying receivables, short on cash flow and working capital, financing factoring is clearly an option and solution. The optimal facility is the C I D - Confidential invoice discounting. Speak to a experienced, trusted, and credible Canadian business financing advisor who can assist you in putting together a facility that works.

--

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 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :

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