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.



Sunday, June 9, 2013

Financing Business Growth In Canada Celebrate Funding Awareness Day Every Day Of The Year







Financing ( GROW OP ) Business Growth And Operations !



OVERVIEW – Information for financing business growth in Canada . Funding Your Company requires appropriate debt and asset monetization knowledge




Financing business growth
in Canada. Are you the type of business owner/manager that feels that you're not really celebrating ' Funding Awareness ' Day that often? Here's some information and solutions around that key subject. We suppose you say that we're sharing info on financing a Grow OP... Which of course means Growth and Operations. What did you think we were talking about?! Let's dig in.

Cash and Profits are two key goals for all business, whether you're a start up or a major corporation... But how do you get a sense of what amount and type of funding you need? That question covers our growth situation we're talking about, but is equally applicable for companies are experiencing some sort of level of financial distress or challenge.

But as far as growth is concerned, unless you're in a cash business that has not cost of goods it's a certainty that as your revenues grow you must bulk up, unfortunately, on the current assets part of your balance sheet - A/R, inventories. And don’t forget those fixed assets that either run your business or allow you to maintain competitiveness.

It's an interesting point that is sometimes forgotten that the one good thing about growth financing is that as your sales grow you get automatically more finance from vendors/suppliers

When you're sourcing finance options remember that fixed assets aren't growing. One solid strategy is to consider a sale leaseback of owned assets to enhance business growth cash flow. And here's a new one for most clients we talk to - fixed assets (that are owned) can be used for revolving credit purposes if you are willing to consider a non bank Asset based line of credit.

So what does the business owner do when ‘traditional’ bank financing is either exhausted, or simply not available? Businesses that don't require new assets, i.e. they have extra capacity already are in a better position than firms which require new assets. That’s where lease financing is a solid solution. You minimize capital outlay while obtaining and using assets that will generate future revenues and profits.

Firms that are start up, generally newer, or in the overall category of the SME (Small to Medium Enterprise) always seem to have more challenges. That's when some solid assistance in knowing how you can access non traditional capital when external funding sources are ' bleak ' is key. Some of those include:

Receivable Finance
Working Capital Lines Of Credit
Monetizing tax credits owing your firm (SR&ED, etc)

These strategies maintain your debt to equity ratio constant and help you manage growth.

We hesitate to say that the alternative to growth is to simply stop growing. Here your wont need extra capital but certainly limits profits and competitiveness. Seek out a trusted, credible and experienced Canadian business financing advisor who can assist you in celebrating Funding Awareness Day! for your Grow Op - the growth operation you call your company.



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 :

7 Park Avenue Financial = Business Growth Financing























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