Have You ‘ Merkeled’ Your Business Financing Options & Strategies
OVERVIEW – Information on Canadian business finance solutions that are most successful when a proper financing strategy complete with proper option and solution analysis is undertaken
A financing strategy in Canadian business is a requirement in ensuring proper business finance options and strategies are examined, understood, and implemented. Unfortunately many owners/mgrs with SME COMMERCIAL FINANCE needs have ' merkeled' the situation.
Merkeled? That's what the leadership of German Chancellor Angele Merkels' leadership style has been called on domestic issues - a ‘do nothing, makes no decisions....’ style. Our recommendation on a strategy for a financing process? Get one! Let's dig in.
Larger successful companies get that way because they ' allocate capital' and financing properly. Smaller and medium sized companies can adopt the same processes and strategy. - If they don't understand their financing options and needs the ability to be ' damaged' in some way is highly possible.
Typically most businesses can be categorized as ' start up’... ‘growing’ and ' mature'. The business owners/mgrs need to known when they need financing and why is critical. Whether its experience or skills in finance or simply not having the time an outside advisor can add real value. That might be your accountant, banker, or a Canadian business financing specialist/expert.
It's critical to understand how the basic financing process works when you're looking to take on debt or monetize assets you already own for cash flow or working capital. (Equity capital is a whole other kettle of fish). Key issues are timing and the ability to keep your business running while you seek financing.
Many clients we meet have serious cash flow problems which alters the type of strategy that is required to guarantee immediate and longer term success. The positive news around Canadian business financing options is that they are in fact numerous and often no one single method of financing can address completely all the needs for growth, operations, or even buying and acquiring another business.
Looking for an immediate ' short list' of financing options for your business. They will typically include one or most often a mix of the following:
Bank facilities
A/R financing
Inventory loans
Asset based business lines of credit (they combine current assets such as receivables, inventory and equipment into one borrowing facility that fluctuates with your needs
SR&ED refundable tax credit loans
Purchase Order/Contract financing
Commercial mortgages
Sale leaseback/bridge loans on existing assets
Unsecured cash flow loans
Working Capital term loans
Sales/Royalty finance
If you're concerned that you've ' Merkeled' your financing strategy to run and grow your business 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 your capital and cash flow needs.
Stan Prokop
7 Park Avenue Financial :
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCE EXPERTISE
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
ABOUT THE AUTHOR
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.
Stan Prokop
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