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.



Thursday, March 13, 2014

Business Alternative Lending Solutions : Don’t Get Left Behind On Finance Alternatives















The Middle Path In Canadian Business Financing


OVERVIEW – Information on business alternative lending in Canada . Finance alternatives available to Canadian business owners are more attainable than you think




Finance alternatives in Canada often require the Canadian business owner/financial manager taking the ' middle ground. Traditional finance solutions are, unfortunately, not available to everyone - that means business alternative lending of some type must often be considered, hence the 'middle ground'... so let's dig in.

It really comes down to how you look at the issue - one expert suggests that it's not a ' one size fits all' scenario when it comes to bringing in either debt or operating capital to your business.. That's of course how a business is financed - bringing new debt to the balance sheet or financing assets you already have, in effect monetizing them for working capital.

So it's obvious that a better way to look at it is to ensure you have considered all the options under various scenarios, it is not a question of simply thinking you are some what forced into a particular finance solution.

A good example might be considering a Government SBL loan for the addition of assets or leaseholds to your business, or even to start a business from scratch, including a franchise operation of some sort. While a Canadian chartered bank on its own might refuse to consider such financings in your circumstances you might be pleasantly surprised that they will finance your project under the auspices of the SBL loan.

Many clients we talk to are often happy to consider business alternative lending if only to save time and management focus given that traditional bank type solutions might take many weeks or months to finalize. Trust us, ' it’s a process'!

You should of course consider all financing options, which might well include a bank financing of some sort.- just be forewarned that the financial history of your business, your length of time in business, and your cash flows and profits will come under scrutiny. All of those must align.

While business alternative lending sources might have a lower threshold level of criteria they typically therefore have higher rates - not all the time but 99% of the time. We feel that the best way to look at that situation is to ensure you are viewing alternative finance as a short term solution, typically a year or so. That allows your business to get all the capital it needs but not lock your business into a situation you cannot get out of.

And what are those alternate finance sources? You’d be surprise at the number of choices - They include:

Invoice Financing

Confidential Receivable Financing Facilities

Inventory finance

Non bank asset based lines of credit

Securitization

PO / Supply chain finance

Sale leasebacks

Bridge loans


If you want to be able to assess the ‘ middle ground ‘ in Canadian business financing seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in ensuring you’re not left behind in finance solutions for your company .



Stan Prokop
- 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Alternative Finance Expertise !







Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?


CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8


Direct Line = 416 319 5769

Office = 905 829 2653



Email
= sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '


























No comments:

Post a Comment

Note: Only a member of this blog may post a comment.