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.



Friday, December 17, 2010

Great Reasons to take your sr ed claim and access sred financing via specialize sred funding Canada Programs

Gimme a reason .That’s what clients often ask when we talk to them about the benefits of both filing a sr&ed claim, and then considering sred financing as a cash flow strategy around sred funding in Canada for cash flow and working capital .

You want reasons, and we have reasons for you to consider...Businesses of all size in Canada utilize the sr&Ed program in Canada to be eligible to receive a huge portion of their expenses in R&D via a non repayable tax credit.

When we tell clients they can utilize a sred financing strategy to increase cash flow and working capital via the r&d credit, well, frankly, they almost cant believe it .

There isn’t a day when the government isn’t issues cheques for millions of dollars on the Scientific Research and Experimental Development (aka " sred!) Program, so let’s all agree that you are eligible for your share. And if you're working on processes and products and re design in your industry then the salaries, products and equipment and even some overheads are taken into account when you file a sred claim.

The sr&Ed claim process is all tied into Canada Revenue Agency. They receive your claim and process it at the same time you file you year end tax return. If you are ok with ' waiting’... and most of our clients are not, you will get a significant cheque back from Ottawa in a number of months.

Clients are always asking us how long they have to wait for a refund, and if there is any way to speed up the process. Far be it from us to be the ones to be telling someone from the government to speed up the process. But what we do advise clients to consider is to finance their sred funding credit as soon as they file it.

Why would you want to finance a tax credit? There are only two reasons, cash flow and working capital now! By monetizing your tax credit you are in a position to take the government rebate and put it to positive use within your company. And what are those positive uses? It's the basics, reduce your payables, buy new equipment, re invest in your entire sr&ed claim process to increase your competitive advantage...and on it goes, basically use those funds for any worthwhile purpose .

How long does it take to finance a claim and whats involved? That's not an untypical question. In our experience claims are financed within two to three weeks. And could the process be any more simple - its all about completing a simple business financing application, utilizing your sred claim as collateral, and undergoing any normal due diligence . Claims of any size can be financed, it typically makes sense to finance claims that are in excess of 130k... but smaller claims can be monetized also.

Speak to a trusted, credible and experienced Canadian business financing advisor around sred funding Canada claims. And use that cash flow which you have achieved in a timely fashion to grow your sales and profits.

--
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 6 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :

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


We finance the little guy .
P.S. We finance the big guys also!

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