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
WELCOME !
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.
Sunday, March 3, 2013
Canadian Business Financing . Capital Funding And Finance Solutions And Tips
Business Finance For Smart People !
OVERVIEW – .Information on Canadian business financing solutions . Capital funding for your business is crucial to long term growth and operations .
Canadian business financing solutions. Does it seem that the capital funding you need to finance your business is always ... elusive? Knowing how healthy your company is allows you to select methods of financing your business.
Over the long term that adds value to your business and allows you to make the best decision possible around accessing capital, or even buying a competitor or synergistic partner. So consider us your mentor on one of the biggest challenges to business in the SME sector today - funding!
Are you effectively financing your assets? How you do that effectively allows you to manage your cash flow and working capital, budget for next year, and determine if you're as profitable as you can be. In cases where you are not generating profits now the ability to finance assets and growth can turn that around quite nicely.
Quick case in point? The other day we met with an established small business that had modest revenues in the 400k range. They had aggressive plans to grow to well over a million dollars this year. Only problem? No financing to get there, or eliminate the current operating losses due to a heavy investment in marketing their product to the ' BIG BOX ' stores.
Our recommended solution to the client? A combination receivable / inventory working capital line of credit, combined with a supply chain/PO financing solution. If implemented the client would have a lot more confidence in reaching that new aggressive sales goal. Hey, maybe they could turn a profit also?!
A lot of clients we meet shy away from the financing... or dare we say it ' accounting ' aspects of their business. In some cases they entrust that role to a book keeper or other employee who is the farthest thing from a finance analyst, controller, CFO, etc. Our point - you don't have to be any of those to have a strong handle on your business. It's simply about understanding some business relationships (others call them ratios) and getting some solid assistance from, let’s say, a Canadian business financing advisor to implement solutions around some of those balance sheet, profit, and cash flow parts of their business.
Investing some time and internal or external expertise allows you to finance the assets you have to their highest use. Are you 100% comfortable in answering the following questions:
- Are we aware of all options to finance inventory and equipment needs
- Will it be necessary to put in more owner capital (sometimes it is, but never always!)
- What in fact are the basis sources of traditional and alternative capital?
- Should I lease business assets, or purchase them outright?
- Can we generate more cash flow out of our accounts receivable?
Business Financing Canada style doesnt have to be the challenge and mystery that it seems to be for many business owners and financial managers, Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your finance and funding needs.
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 10 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 :
CANADIAN BUSINESS FINANCING CAPITAL FUNDING
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
Stan Prokop
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