Business Financing In Canada: Growth Finance & Turnaround Options

Looking For A Business Financing Lifeline?

OVERVIEW – Information on business financing options in Canada. Whether your company requires turnaround or growth finance solutions it’s critical to understand these basics

Business financing in Canada
can be a mixture of both challenging turnaround situations as well as growth finance challenges. It's safe to say that companies grow, and decline for many different reasons. We're examining the whys and some of the ' lifelines’ around both of those situations. Let's dig in.

When you're looking for a turnaround in your business finances it's typically a ' running out of funding' situation. Many of these types of scenarios are temporary, in other circumstances long runs of not profits or cash flow lead to a non survival situation.

There are always different sources of capital and working capital for a business - they might include A/R financing, commercial banks, asset based lending solutions, equipment financing, etc. Internally businesses should never forget that even relations with suppliers can dramatically affect their cash flow.

Canadian chartered banks are often criticized for their lending practices to Canadian firms who are new or in the SME COMMERCIAL sector. We won't weigh into that argument other than to say that it often becomes difficult for a company to replace a lost funding source such as their bank relationship. Many firms access Asset based finance solutions such as factoring or inventory finance when their bank relationship ' dries up'. Firms in the retail industry rely heavily on some method of financing their key asset - inventories.

Growth finance also brings many of the same challenges as turnaround needs. That same need to financing inventory and receivables comes out of the need for businesses to financing working capital around their current assets - again it's all about A/R and inventory.

One top expert uses the term ' reputation' financing versus asset financing. In a traditional banking relationship it's all about that relation between your company and the bank - if you can satisfy banks on profits, cash flow and clean balance sheets its all systems go.

When that ' reputation' becomes tarnished out of the inability to satisfy traditional financiers it all comes back to asset based lending solutions Asset based lending solutions such as non bank credit lines or A/R Financing keep your business going until you get past historical difficulties or until the high growth you might be experiencing ' smoothes out' a bit.

Asset lenders feel very comfortable with the assets they finance - and the company benefits by getting the true financing they need to... you guessed it, survive and grow.

If you're looking for a business financing ' lifeline' seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can identify and provide the turnaround or growth finance solutions you need.


Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com




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 '

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.








Stan Prokop