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, May 8, 2015
Business Finance : A Strategy Guide For Your Cash Flow Financing Needs
Tired Of Falling Down Into The Worry Hole In Cash Flow Financing Alternatives
OVERVIEW – Information on cash flow financing solutions and strategies in Canada. The need for for working capital is a key part of your business finance success strategy
Business finance , and in particular your cash flow financing needs requires a strategy. Many owners/ financial managers in the SME (small to medium enterprise) commercial sector find themselves constantly falling down into the ' worry hole ' in this aspect of their business. Tired of falling into that hole? Let's dig in.
While the phrase ' cash is king '
So when it comes to avoiding falling into that ' worry hole' we've talked about it’s a combination of managing your cash and accessing financial solutions that make sense for your industry.
What is the difference then in firms that are successful in this area of their business? Clearly it's about anticipating what your cash flow position will be and knowing what solutions are available.
While the solutions of:
Bank credit lines
Non bank credit lines
Tax Credit Finance
Working capital term loans
are the solutions to your problems it's really all about knowing when you need these solutions and knowing which ones you qualify for relative to your particular situation.
How does the business address the cash flow needs? The options are quite simple:
Take on some form of new debt
Monetize assets - finance your A/R and inventory, refinance your fixed assets
Reduce cash outflow spending
Increase sales and asset turnover
The constant monitoring of those options is the essence of cash flow 101.
Simple cash flow budgets, done properly and conservatively will always help in identifying future cash flow needs.
The challenge in budgeting your cash flow and anticipating your finance needs often revolve around your business receivables. Typically these flows of cash are irregular in nature due to your sales volatility and customer payment habits. This is where solid credit extension policies and good collection practices are key.
Many businesses that can’t qualify for traditional financing are seeking alternative finance solutions such as A/R Finance. These solutions monetize your sales as soon as you create a sale. The waiting is eliminated and typically comes at a cost of 1-2% of your invoice - for example a 10,000.00 invoice , financed under a factoring solutions would cost you 200$. Effective A/R management, as well as good use of the funds you receive from financing your receivables can be a solid interim solution for your cash flow needs.
All industries have different cash flow needs. If you're looking to eliminate that fall into the ' worry hole' of a constant cash flow crisis seek out and speak to a 7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS CASH FLOW FINANCING EXPERTISE who can assist you with business finance solutions appropriate to your firm .
7 Park Avenue Financial :
7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS CASH FLOW FINANCING EXPERTISE
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Direct Line = 416 319 5769
Office = 905 829 2653
Email = email@example.com
' Canadian Business Financing With The Intelligent Use Of Experience '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.