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
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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.
Monday, July 21, 2014
Finance Companies And The Bank : Your Pre Flight Plan For Canadian Business Financing Has Changed
We’re Not In Kansas Anymore Dorothy .. Canadian Business Financing Has Changed
OVERVIEW – Information on changes in Canadian business financing . The solutions and roles of finance companies and banks have changed dramatically
Canadian business financing has changed. As we learned in the classic Wizard of OZ MOVIE what you expect in one world might not necessarily be the case. Sorry about that Dorothy!
Simple as that. So whether it’s ' the banks ‘, or commercial finance companies in Canada you need a 'flight plan ' of sorts, more than ever, for the finance challenges your company faces. Let's dig in.
Most business owners and financial managers recognize that the access to the financing they need is vey much dependent on the current state of the credit markets, economy, etc. As an owner/manager of a business you keep hearing about all the ' capital ' that is out there, it just doesn't seem to be anywhere close to you!
When accessing credit through banks or finance companies in Canada it’s all about terms, rate and structure that suit your specific business. That then needs to be broken down into the right delivery - from either a Canadian chartered bank, a commercial finance company or asset based lender, and in a small amount of cases equity financing from VC’s, PEG's ( private equity groups ) etc.
By the way, probably only one of every 500 or so firms is actually a candidate for equity type financing in Canada, so valuable time is often wasted pursuing this route. However, if you're one of those 500 Congrats!
So how do you know which funding alternative makes the best sense for your firm. It's important to realize what ' stage ' your company is in, which ranges from pre revenue start ups to mature growing companies , and in the middle of all the SME COMMERCIAL area - the latter probably being the largest sector.
Use of funds is important in consideration of financing. That might be all the way from acquiring another business, to acquiring new assets, monetizing cash flow, etc.
There is a very basic ' flight plan ' you probably should follow in seeking financing. That includes thing such as being prepared for the right timelines, as it ALWAYS takes longer than you think, so starting early is important. Knowing your competition is financed is also helpful as certain industries qualify much better for certain types of financing.
As we are focusing on non equity type options, it's important to know what debt financing makes sense, how it works, and what asset monetization strategies cost.
So what in fact are those potential sources of financing from banks or commercial finance firms? They include:
Bank lines of credit / term loans
A/R Financing
Inventory Finance
Purchase order/supply chain financing
Asset based loans/bridge loans
Equipment Financing/ Sale leaseback strategies
Monetizing SR&ED tax credits
Government Small business loans
Cash flow/mezzanine loans
Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in matching and sourcing the right amount of financing 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 BUSINESS FINANCING SOLUTIONS FOR DEBT AND ASSET MONETIZATION
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 '
Stan Prokop
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