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, August 18, 2014
Accounts Receivable Finance Solutions In Canada : Break Free With This Receivables Purchase Strategy That Works - Confidentially
Use Accounts Receivable Financing To Fund Your Company Just Like The Big Guys
OVERVIEW – Information on accounts receivable finance solutions in Canada . Why a Confidential receivable purchase finance strategy works when it comes to cash flow
Accounts receivable finance solutions are both used and needed by any size of company, all the way from start up to the largest corporations in the world. But there's a difference in how companies finance their current assets such as A/R, but it's still possible for companies in the SME sector to achieve the same benefits. Let's dig in.
The methods that Canadian business employs, what they are called and how they work is ' the nut ' of the matter. For instance some of the large mega corporations in Canada (and the U.S.) use a process called ' Securitization' that is the essence of what we're talking about - a receivables purchase strategy.
How does that process work, and can it be used in some manner by the smaller firm who is looking to cash flow their current assets, primarily the receivables generated from commercial sales .
It's important to always understand that A/R financing is never really a ' loan’. Typically it's just a ' systematic' method of cash flowing your sales as soon as you generate a sale - if your choose!
By the way, the essence of good accounts receivable management never changes , whether you' re using securitization or a comparable alternative such as what we'll discuss - CONFIDENTIAL A/R FINANCING . At the heart of anyone selling on credit is prudent risk management, good collections, prompt invoicing, allowing for bad debt, etc.
Whether your firm is securitizing receivables or financing them via a confidential receivable finance solution it’s always about the ' aging ' of the receivable. Typically the benchmark for uncollectibility and financeability is 90 days - after that timeframe the A/R lender, bank, or commercial finance company etc assumes that those accounts are uncollectible, and unfinanceable.
What then is the essence of Confidential A/R finance that can be used by any company that wishes to finance sales growth? It could not be simpler. Your firm bills and collects its own receivables - cash for those sales is sent directly to your bank - allowing you to finance operations and most importantly growth. The solution is optimal for those firms that cannot achieve any or all of the bank financing they needed vis a vis a proper business credit line.
If you're looking for ' big guy ' solutions for your business and want to ' break free' from the lack of commercial financing seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with a receivables purchase strategy that works.
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 CONFIDENTIAL A/R FINANCING 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 '
Stan Prokop
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