It's kind of not a secret if everyone knows it right? but we’re pretty sure when it comes to business funding that the factoring of accounts receivables on a confidential basis is one of the most powerful alternative Canadian business financing strategies that is a secret that only limited Canadian business owners and financial managers know about .
Let’s put this ' secret ' in the context of some real world examples that might closely resemble your firm’s situation and needs.
Working capital challenges. You have them, and they seem to pre occupy a lot, and we mean a lot of your business day. So how do those restraints on liquidity affect your firm... they manifest themselves in payroll challeges, meeting lease and loan payments, and that worst feeling of all, not being able to grow your business or take on that new customer because of cash flow challenges.
In many cases, and you are certainly not alone, you're just coming out of the recession and collections from customers is still difficult, and expense restraints seem the order of the day. If you're like many other firms there is some seasonality to your business and you occasionally have bulge needs for cash and working capital.
So... we have done a great job of giving you the problem, which you knew already! Let’s turn that around and give you the solution.
Accounts receivable financing and business funding, commonly known is factoring of accounts receivables, is the potential solution. But we can hear you already... you have heard about it and you dont like how this solution works and the perceptions some suppliers and customers might have around how you are financing your business.
Well, it gets better, because we have a solution to that problem and it’s called confidential factoring of accounts receivables. Under this type of financing you are in a position of selling your receivables as you generate them, at your option of course, and, here’s the kicker, you receive cash for those invoices the same day - while at the same time retaining the right to bill and collect your own accounts. That ability to bill and collect your accounts receivable financing process just turned you into a confidential cash flow machine, allowing you to meet day to day obligations and, as we said, grow your business.
The whole process is seamless and it takes only a week or so to set it up. This type of financing appeals to two typical small and medium sized firms (by the way, Canada's biggest corporations use it also!). It appeals to firms who don’t have access to bank credit, or more commonly, might qualify for some level of bank financing, but not enough. That is because, unlike the Canadian banks business funding in Canada via factoring focuses solely on the strength and size of your receivables. In some cases, are you ready for this..? Inventory can be combined into the same facility.
There it is then... a great secret and business financing strategy that will allow you to finance your business. Speak to a trusted, credible, and experienced business Canadian business financing advisor who can assist you in completing this finance strategy.
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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/business_funding_factoring_of_accounts_receivables.html
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