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.



Tuesday, January 12, 2010

BRIGHTENING , AND ME

Today's Globe and Mail had an article that I think quite accurately reflects some of the current business environment ; it was titled ' LOAN AVAILABILITY BRIGHTEN - FOR BIG FIRMS ' and highlighted the fact the the liquidity crunch seems to be easing for larger firms, but small firms are still very challenged in getting credit, and additional collateral is being requested by the banks, etc. . The article indicated that many businesses are ' high risk ' borrowers ; I am of the opinion if they are higher risk they should not get the loans, credit, operating lines etc - But businesses with solid track records and good potential , albeit smaller in size, still seemed to be lumped in with the bad . That doesn't seem fair.
Stan

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