Canadian Business Financing - Unsqueezing the Squeeze!
Information on business credit and financing solutions in Canada.
Causes and finance remedies for Canadian companies.
Business credit and financing solutions in Canada. We saw a headline that screamed out of a U.S. publication indicating that small and medium sized businesses in the U.S. were in a ' CREDIT SQUEEZE'. And that got us to thinking ... Rerum Cognoscere Causas? Which is simply Latin for ' knowing the cause!
So we're in Canada ... is there a credit squeeze here for the SME (small and medium sized enterprises) sector... and if so, how can your company eliminate the squeeze?!
When it comes to business financing it’s about daily operating cash flows as well as growth financing. How you manage or solicit solutions to those two challenges ultimately will affect the long term success of your business. And without good solutions and information the short term can be quite painful might we add!
As a company in the SME sector in Canada you're vulnerable at a lot of levels... the economy, the crazy things your competitors do and the fact that these days almost any global issues can almost be biting your firm also! So access to working capital and business credit financing is critical.
Many clients we speak to are immediately always focusing on outside external cash flow financing solutions. The reality is that a lot of their problems can be fixed by a focus on cash from their own operations. And the last thing most owners want to do is to focus on equity financing, which at its simplest just reduces your ownership and long term equity potential.
So how do Canadian business owners and financial managers address those internal solutions? We recognize it's easier said than done but it's done by focusing on your collections and payment terms, maximizing solutions around electronic payments and business credit cards, and managing payables and supplier relations.
But getting back to external solutions now, how then can the owner address business credit financing solutions in a manner that makes sense? You do that by identifying which of the three (or perhaps all three) types of financing you need from external sources.
What are those three types of financing? They are:
Fixed financing
Working capital financing
Growth financing
In Canada numerous external solutions exist for all those three types of financing you need to be successful. Those solutions include : Canadian chartered banks, receiving financing facilities, working capital solutions via non bank asset based lines of credit, leasing and sale leaseback solutions, and even tax credit monetization and securitization when those two apply to your firms condition. And remember, under all of those solutions you are not giving up equity.
Don't also forge the government Small business loan program which is a great program for business capital for asset and leaseholds up to a maximum of $ 350,000.00.
So, are we in a credit squeeze in Canada in the SME sector? We'll let the economists and business pundits argue out that one as they always do... instead focus on internal and external solutons that make sense for you, the Canadian business owner and financial manager.
Speak to a trusted, credible and experienced Canadian business financing advisor on eliminating that credit squeeze!
BUSINESS CREDIT AND FINANCING SOLUTIONS EXPERTISE
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/business_credit_financing_solutions.html
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.