Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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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, May 7, 2012
Don’t Read This If You Don’t Want The Real Deal On Receivable Finance in Canada . Business Invoice To Cash Financing
Canadian Receivable Finance Information
Information on receivable finance in Canada . Why and When does business invoice to cash financing work?
Receivable finance in Canada. It's also known as the business invoice to cash strategy. Who wouldn’t want the real deal on what’s happening in A/R financing in Canada... how it works, who to deal with, what to watch out for, etc..
Maybe it’s just us, but there is a certain discomfort we notice with Canadian business owners and financial managers around their ability to feel 100% comfortable with their overall cash flow financing strategy. And when it comes to receivable finance can the average Canadian business owner or financial manager actually say they understand the benefits, costs, and potential disadvantages of a business invoice to cash strategy? Not really in our opinion.
The time to properly consider such a strategy is when your business is still in under control when it comes to the overall working capital strategy. When you don't feel in control you tend to have a total discomfort around acquiring new assets, making on time payments to suppliers and lessors, or worrying about how you will manage growth.
Cost tends to always be the main discussion point when the conversation gets around to A/R financing with clients. The issue is simply that in many cases the business owner is not comparing on an apples to apples basis.
Why is that then? Simply because the business person, makes his or her total decision, incorrectly on the ' discounting fee ' that is implied in the cost of A/R finance.
Oh and by the way, if you are dealing with the wrong company in Canada you can get blind sided by numerous miscellaneous charges that really add up, they include service fees, an admin fee, a renewal fee, a utilization fee, and, believe it or not, many of these firms require that you have to pay them to leave! Talk about the importance of dealing with the right firm!
When considering A/R finance strategy it is good though to compare it to the alternatives when it comes to benefits. Unlike a bank facility, which many firms can’t qualify for anyway the business invoice to cash strategy has virtually an unlimited cap. As most business people know banks in Canada have, of course, pre set limits on bank facilities we can comfortably say that you are only constrained by your ability to make sales when you consider A/R financing, which isn’t the worst problem to have. You have, in effect closed the gap when it comes to cash flow flexibility.
Our recommended facility is the confidential invoice financing one, its here you get to bill and collect your own A/R, while at the same time achieving all the other benefits.
Confused about who do deal with, how it works. One way to achieve the real deal on what’s happening in Canadian business financing is to seek out and speak to a trusted, credible and experienced Canadian business financing advisor... today.
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 . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/receivable_finance_business_invoice_to_cash.html
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