Looking For A Reality Check On Business Financing Success?
OVERVIEW – Information on business financing in Canada. Cash flow financing and funding assets requires a clear knowledge of market solutions that fit your business, industry, and financial model
Business financing in Canada requires, more than ever, some ' financial intelligence'
on behalf of the owner/financial mgr/entrepreneur. The ability to know how you are funding assets in the short and long term is what cash flow finance is all about. And it might just be time for a reality check! Let's dig in.
Naturally the more you understand your business financial position and the options available to finance your company positions you for success. How you use your business financial intelligence comes from understanding your numbers. Looking for a ‘ secret code ‘ – In fact top experts tell us that those companies that use their business financial intelligence properly when it comes to financing their business stand head and shoulders above their competitors
Financing your company comes from understanding what your real profit is, what the assets on your balance sheet are truly valued ( and therefore financeable ) at, and how those two parts of your business always come back to ... CASH FLOW!
Warren Buffett has another term for all that - He calls it ' owner earnings' and says it’s combo of operating your business on a daily basis , investing in new assets, and ensuring owners also have the ability to properly take money out of the business.
It's easy for most business owners to understand that they need cash to pay bills, buy new equipment and invest in the future - in some cases with real R&D expenses.
When a business is growing it's very easy to focus less on cash flow - when early warning signs start to emerge around cash flow and funding problems it’s time to consider all your business finance alternatives .
Those alternatives? They include
A/R Financing
Inventory Finance
SR&ED Tax Credit Loans (R&D refunds)
Non Bank Asset based lines of credit
Equipment Finance/ Sale Leasebacks
Purchase Order Finance
Unsecured Cash flow loans
Those solutions are of course the alternative to Canadian chartered bank solutions. While alternative financial solutions we've mentioned are typically more expensive they are much cheaper than looking for new owner equity. While the debate seems eternal on whether Canadian banks support the SME sector in Canada it's comforting to know there are in fact more new options than ever before.
Business owners/mgrs that run their business soundly around things like accounts receivable turnover, inventory turns, and proper financing of new assets will always have the upper hand in negotiating new finance solutions. It's also easier because when things head in the wrong direction new forms of financing are more easily negotiable.
If you're looking for a true reality check on your business financing options in Canada 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 cash flow financing needs.
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
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