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.



Monday, February 8, 2010

Look, and Me..

Very interesting article today by Barry Critchley @ The National Post . It was on LOOK COMMUNICATIONS , and shareholder disapproval on management compensation.

The LOOK COMMUNCATIONS saga would make any spy novel boring - its really an incredible story of good, bad and ugly . I first worked with Look when they emerged in the 1990's , mid 1990's, and were owned by several Canadian Corporate heavyweights . They floundered a bit on technology, dot com impaled, and their corporate stakeholders abandoned them . They did a CCAA filing, re emerged and went public via some sort of RTO . Along the way there was a major cast of charachters, some very interesting people . I had a great relationship with their CFO / COO , who ultimately left and did a great job in stabilizing the company . In 2005 I founded my own financing firm, and Look was my first customer !!

Along the way I became a paying customer also . They did a customer mailer awhile back and said they were closing shop - Myself and many thousand others scrambled to get new satellite and internet at home .

The whole financial scenario seems very unbelievable - they close shop, have millions in the bank and assets for sale , etc .

Where it all ends I don't really know, but what a very uncomfortable story .

Stan

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