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.
Friday, January 23, 2015
Government Business Loans In Canada : Why Government Business Loans And Other Creative Financing Make Sense
It Might Just Be Magic Time For Your Business Financing Needs
OVERVIEW – Information on creative business financing options in Canada . Government business loans and other non ‘ term loan ’ solutions such as working capital and cash flow financings offer real world solutions for finance challenges in the Canadian marketplace
Creative business financing in Canada requires that business owners/financial managers address any area of procrastination around looking at solutions such as government business loans and alternative financing , When things come together it's kind of like our version of ' Magic Time ' for your business growth and survival potential . Let's dig in.
The ingredients to financing success come from your firm's ability to mix together financing that addresses sales growth or asset monetization.
Canada's Government Guaranteed Business Loan is an interesting hybrid of traditional and alternative financing. It has the qualities of traditional term loan finance, while at the same time eliminating many of the factors that are required for businesses to access traditional debt - As an example it's available for start ups , franchise acquisition, etc. Given tougher credit standards post 2008-2009 recession that ability to get approved is key.
If there's mis-information around some forms of business financing in the Canadian marketplace clearly the Govt ' SBL' loan is a prime example.
What it is - A Canadian term bank loan that is guaranteed substantially by the federal government via Industry Canada. It only finances 3 asset classes - equipment, leasehold improvements, and real estate. A proper loan application package can be prepared in days and approval is typically within several business days for those that qualify. (A great example of ' time is money ')
What it isn't - It’s not a cash loan, and it's not a line of credit. And yes, owners still need to have reasonable personal credit history to qualify, although no personal assets are collateralized for the loan. Finally, you deal with your bank, not the govt!
Term loans such as the Government Business Loan might not always be what your business needs. Those firms that are already in revenue mode often need more working capital and cash flow generating ability to run/grow. Those solutions abound in the creative world of alternative financing, and the hard reality is that many forms of non traditional finance are becoming more ' Main Street' everyday.
They include:
Inventory Finance
SR&ED Tax Credit Finance
Sale Leaseback / Equipment Financing
Asset based non bank business lines of credit
Sales / Royalty Finance
P O / Contract financing
Franchise Loans
If your interested in getting to the stage of ' Magic Time' in business finance needs consider seeking out and speaking to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success to assist you in making sense out of real world solutions financing that will run and grow business.
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 CREATIVITY
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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