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
Friday, August 16, 2013
Business Finance . Diagnosing Your Need And Solutions For Financing Loans And Credit
Finding Business Finance Needs As Hard To Get Approved As A Senators Expense Account?
OVERVIEW – .Information on accessing business finance needs in Canada . Financing Loans and asset monetization are not as difficult as you think
Business finance solutions in Canada. Is it just us or are clients mostly saying these days its harder to access financing loans and business credit as ever - dare we say it to remain topical .. even harder than getting a Senators expense account approved! We understand the issues, and don't necessarily agree, so let’s dig in.
While there is a lot of misunderstanding out there in the business financing landscape we do still maintain that a lot of common sense, some basic business financing knowledge, as well as access to trusted proven advices is the heart of today’s discussion topic. Things are even more positive when we're talking about growth, but surviving is important also!
If there is one thing we always are seeing after initial client discussions it's simply that they have been pursuing the wrong type of financing. Companies in the small to SME sector are rarely candidates for VC and private equity type solutions - yet they share stories of having been led down the path to glory by companies or advisors of that ilk
If you're a betting person you'll make a lot of money when you win the bet, which is that your company is the 1 in 500 that gets some sort of equity financing going. Ourselves, we don't like those odds, so we focus on proven solutions to growth capital, including, but not limited to:
Securitization
Receivable facilities
Inventory finance
Supply Chain/ PO financing
Asset based lending
Equipment finance and sale leasebacks
Asset based non bank lines of credit
Canadian commercial business bank financing
Secured and Unsecured cash flow loans
There are some solid rules around accessing the above types of capital. They include:
Being proactive in addressing financing needs before the cash flow crisis occurs
Understanding how the competition might be financing them ( Certain types of financing solutions lend themselves to certain industries more commonly )
Being able to articulate EXACTLY what you are going to use the funding for
Know who has access to the above names types of capital that we outlined above - those solutions driving growth and ability to monetize assets
Understand how different rates, terms and structures will affect your financial statements
More often than not some of the business finance solutions we have in fact outlined can help you fix some real problems in your business. And by the way, those same solutions don't need to be EVERGREEN in nature; they often are simply a bridge to a different type of financing. A typical client we talk to often needs alternative non traditional financing to help fix some issues or growth, all the while staying focused on getting back to some lower cost traditional bank type financing.
Diagnosing your needs for business credit is half the battle. Accessing the right solution that matches your company and industry needs - together with proven advice and expertise is the other half. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can make business financing a bit easier than getting that Senate expense account approved!
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 Finance Solutions In Canada
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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