Business Financing In Canada: Your Search For Revolving Loans & The Right Credit Facility Just Ended

Here’s The Good Stuff On Revolving Loans

OVERVIEW – Information on revolving loans in Canada. Business financing often requires need for a credit facility. How do these work , what are your options for this type of solution ?

Business financing in Canada often ' revolves ' around the need to include revolving loans in your business finance mix. How does this type of credit facility work?

The key aspect of revolving business lines of credit is clearly ' flexibility'. The continual drawdown and repaying of the facility creates a ' pay as you go ' scenario as businesses both use and consume cash as they run and grow their business. That's the good news!

The key differentiator in business credit facilities that revolve is that it's not a term loan, via that continual drawing down and repayment we just referenced. However like term loans they do often come with ' limits’, but more importantly they vary with your assets.

Here an important distinction occurs. When it comes to bank credit lines these pre-imposed limits are often fixed and relate directly to typically receivables and inventory. However, if you chose an asset based non bank line of credit via a commercial finance firm that borrowing base typically has no upward limit if you in fact have growing sales and commensurate assets.

That monthly ' borrowing base' that banks and asset finance companies utilize comes with some pretty basic formulas. In the case of banks, utilizing receivables as an example the borrowing base is 75% of your A/R; asset based lenders typically lend against 90%. (In both cases receivables must be under 90 days old)

Various nuances might exist in your A/R margining relating typical to issues such as government receivables, high balance concentrations with one customer, etc.

Revolving loans from banks come with various covenants and restrictions. In general we can make the statement there is a lot less restriction from non bank asset lenders on this issue.

What then are some of the key issues around pricing revolving loan credit facilities? No one disputes the fact that Cdn chartered banks offer the lowest cost business financing rates - if you can satisfy the risk profile desired by the banks. That risk profile typically includes growing sales, profits, clean balance sheets and demonstrable cash flows.

Interest rate pricing on non bank asset financings varies proportionately to credit risk. The good news here is simply that almost any firm with sales and assets is eligible for asset based credit lines. So it’s overall credit risk and the amount and type of debt a company has is the driver behind asset based revolving loans.

If you're on the search for the right type of credit facility for your firm your search will almost always end well by seeking out a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your credit facility 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

Asset Based ABL Financing : What’s Keeping You From This Innovative Business Credit Line

We’re Pounding The Table On Asset Based Lending Business Credit Lines ! Here’s Why

OVERVIEW – Information on why the asset based ABL credit facility just might be the sort of business credit line that your business needs

Business credit line solutions can come from a method of asset based financing called ' ABL '. We think we might know why business owners/financial mgrs haven’t considered this form revolving credit facility. The reason? They haven't even heard of it, much less considered it as an alternative. That's why we're ' pounding the table' for some more understanding for this method of financing.

‘ABL ' (‘asset based loan’) is essentially a form of ' secured loan'. The simplest way to look at it is that it relates directly to the amount of borrowing power you have in all your assets. That borrowing power translates into a revolving credit facility.

The majority of assets that fit into the ABL credit line are your current assets - that typically includes your receivables and inventory. Over time the assets you generate in your receivables and inventory functions will of course fluctuate - so does, of course the credit line that supports these two assets.

Naturally the % that you can borrow against these two asset categories is critical. Here's where the good news comes in as typically you can borrow up to 90% of all A/R, as well as a negotiated per cent age of your inventory.

Safe to say that some items will not always be leveraged in that credit line - for example receivables over 90 days as they are deemed potentially uncollectible. When it comes to inventory it’s a question of a careful understanding of the liquidity in the inventory - as it might be in various forms of raw materials, work in process, or finished goods. In general it's relatively easy for your asset based lender to determine those values based on information such as inventory turns, aged receivables listings, etc.

Many firms in Canada utilize A/R factoring, which in some ways could be called a ' subset ' of asset based abl lending. However a true ABL facility is more desirable - it leverages more assets and allows you to bill and collect your own receivables. Typically Purchase Orders are not financed under a true ABL - that is a separate form of specialized finance though, and sometimes worth consideration.

True ABL's can also easily include your fixed assets and / or real estate in your financing mix. More sophisticated transactions can potentially include a term loan as a part of the whole financing.

Asset based business credit line options compete with Canadian chartered bank finance. While often more costly they can provide all the financing a company needs to grow - thereby solving the Canadian business financing conundrum - Access to Capital! . To learn more about this solution and to determine if it fits your firm seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success.





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

Small Business Government Loans In Canada : The Financing & Funding Option You Should Consider

When Do Gov’t Guaranteed Small Business Loans Make Sense ? Probably Right About Now!

OVERVIEW – Information on small business government loans in Canada . A financing and funding option for your consideration

Small business government loans in Canada are a solid consideration for business owners/entrepreneurs. They typically best suit start ups, new firms, small firms, and growing firms in the SME (small to medium enterprise) sector. Why and, more importantly how does the government provide this financing, and are you eligible?

Although understood by some, but not all it's Canadian banks that actually are the delivery vehicle for small business loan financing. How then is the government involved, ask our clients? The answer - they guarantee a large part of the loan on your behalf, to the banks. A solid idea!

What we have observed over the years is that while the program is cast in stone as far as the govt is concerned the ' real world ' (that’s the one we toil in daily!) tells us that some practices and requirements certainly vary between our different chartered banks.

That's a hint by the way that you might benefit from an experienced advisor in this program!








So how do you receive the actual funds and what can they be used for? In Canada the program covers equipment, leasehold improvements, and even real estate. Note therefore - this is not a cash flow loan or working capital facility. The loan cannot be used for inventory purchases or consolidation of existing debt. That's important to know.

The loan is always structured as a term loan with fixed monthly payments, and by the way loan prepayment privileges are very generous.

Now that we have established who you are in fact approaching for govt loan financing it's critical to understand the information that will satisfy the criteria of the loan, often called the ' SBL ' loans. You're well armed if you can deliver on the following:

Business plan

Cash Flow forecast

Information on owner business background and personal financial credit history

Information on what you wish to finance - typically in the form of quotes from equipment suppliers or contractors in the case of leaseholds

Larger businesses unfortunately cannot apply, but the current threshold is 10M and under in annual revenue. We're quite sure that covers thousands of firms looking for funding... Typical loan terms are between 3 and 7 years. (The program actually specifies an amortization term of ten years to qualified candidates)

Cost ? Rates are very competitive and can be fixed or floating based upon the needs of the borrower.
If this type of business funding makes sense for your business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can make the funding under the Govt guaranteed business loan possible .


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

Management Buyout Funding In Canada : How To Properly Address Your Buy Out Finance Opportunity

Smart Ways To Finance A Management Or Leveraged Buy Out - SME LBO 101!

OVERVIEW – Information on best strategies for a management buyout funding transaction. Buy out finance leverages assets and allows mgrs or entrepreneurs the ability to finance a business purchase creatively

Buy out finance interestingly enough used to be known (in the old days) as bootstrap acquisition financing. While ' bootstrap' is a commonly used term today management buyout funding has upgraded its name to ' lbo ' - aka ' leveraged buyout '.

Enough with the terms, right?! We're examining how business owners, mgrs, and entrepreneurs in general can utilize the financing to acquire a business. Let's dig in.

While it's a common belief that in general a company would prefer to avoid ' debt ‘, used properly, and using the assets of an existing business a solid acquisition opportunity emerges that otherwise might not be possible.

Even more interesting is your ability to maximize the true value of the assets you are acquiring, in effect ' leveraging' them to finalize your acquisition. While we see a lot of movies around Hollywood’s take on LBO's and the corporate raider the true reality is that such financing is a solid tool in the Canadian SME marketplace, providing an alternative to acquire and grow businesses.

Why do business people consider management buyout funding? Clearly it's to maximize on opportunity. Current low interest rates, available credit from banks and especially non bank lenders, and the ability of the new owners/mgrs to grow businesses and profits.

The essence of this type of financing is all about the assets in the business being acquired, as well as the new owner’s ability to generate cash flow from those assets. In effect the acquisition is paying for itself!

Naturally a fine balancing act occurs given that the amount of new debt taken on also has the ability to bring on financial distress if not managed properly. New owners of the business also have to ensure they have the ability of course to acquire new assets or technology that might be required.

What do you need to cover off when it comes down to the basics of buy out finance? Issues include the fees involved that come from financiers or advisors, the amount of interest you'll be paying, and the types of debt that will reside on the balance sheet when the transaction is completed. Almost all businesses need revolving credit lines, and they must be able to meet the needs of the business.

Who can assist you in financing a mgmt buyout? Typically its Canadian banks, non bank commercial finance firms, Asset based lenders, and mezzanine finance companies. Naturally all of these will have different rates, terms and structures. Consider seeking out a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you in making management buyout funding a success around your business acquisition.

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

Condocorp Loan Financing In Canada: Condo Term Loans Make Absolute Sense In Numerous Circumstances

Condominium Corp Financing : Reviewed & Understood

OVERVIEW – Information on condocorp loan financing in Canada. Condo term loans are desirable and effective when constructed properly with the right business financing advice.

Condocorp loan financing
needs arise out of numerous situations that confront directors of the condo corp as well as the owners they represent. While it may well be that cash and reserves cover needed investment or repairs/upgrades it is also a case that borrowing via condo term loans must be considered. Let's dig in.

There are numerous reasons , many of which we will cover for condominiums to seek special financing . That financing is of course the alternative to depleting the condo corp reserve, or.. heaven forbid, issue a special assessment to owners! In many case while many condominium owners and their mgmt might maintain a positive and healthy reserve the full depletion of that reserve is highly undesirable.

While good planning and cash flow forecasting and reserve analysis is the essence of any solid condo mgmt owner/mgmt team surprises often occur, as they do in any business.

Condo repair and upgrade financing is clearly a specialized form of financing, and in many cases the transaction certainly isn’t ' collateralized' in the same manner as a typical business corporate entity might be. So it's clear that for the condominium corporation to borrow effectively the expertise of a solid loan application is required. That ability to translate the condo corps payment ability into the real world of cash flow is critical.

In many cases Canadian chartered banks don't really offer this type of financing, it's highly specialized as we have noted. When you consider the facts the individual owners move and the board and condo mgmt company can also be in flux over the years the term 'specialized finance ' makes tremendous sense.

What documents are critical to a solid borrowing plan from a lenders perspective? Key elements are a budget and cash flow forecast, historical and current financials, as well as specialized docs specific to a condominium such as a reserve study. That cash flow analysis is reviewed carefully as it would be with any other normal business operating entity.

While in theory (and law!) the condo corp can issue special assessments and ' liens' on the property those actions are highly undesirable and not how the boards of condominiums like to operate. Boards that intend to borrow by the way require a solid bylaw be in place ensuring the board of directors has full authority to borrow.

Lenders will also want to ensure proper use and disbursement of funds vis a vis the reserve and operating expenses. Characteristics of a good condo corp. loan are that they are for proper repairs that are warranted in ' common element' areas. Condominium repair loans are typically structured as term loans with fixed interest rates. Larger projects might be funded in stages, via ' progress payments'.

Careful care should be taken by the board (as well as the lender!) to ensure cash outflows match the useful life or repair of the asset or improvement.

If you're looking for experienced condominium corporation financing for repairs and improvements that bring financial flexibility and health to your condominium corporation 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 condo term loans that make sense.


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

Working Capital Term Loans In Canada : Why A Cash Business Loan Might Make Sense

Is a Cash Term Loan Important To Your Business? And Here’s How To Get One!

OVERVIEW – Information on working capital term loans and small business loan solutions for Canadian business. When does a term loan make sense for your term?

Business loan needs in Canada that are sought by owners/ financial mgrs basically come down to two separate categories - revolving credit facilities and working capital term loans. There are important aspects of each type of borrowing, and understanding them is critical to financial success. So when do term loans make sense (spoiler alert - they don't always)? Let's dig in.

The key aspect of a term loan is the concept of ' fixed payments’. That defined payment and fixed interest rate make it easy for the owner/mgr to play for repayment through cash flow.

Your ability to pay the loan is essentially judged around a careful analysis by both you, and the lender. That analysis typically comes from careful inspection of your cash flow projections. In certain cases some form of prepayment may be allowed at certain times during the loan if in fact it's amortized over several years. We note however that a full prepayment of the loan might come with some sort of penalty as the lender assumed the loan would travel its full course!

As we said, key in understanding your needs around a business term loan is the use of its proceeds. In some cases it is used to acquire an asset such as equipment - we would note of course that need can also be accomplished via equipment lease financing in Canada. The whole issue of ' lease versus buy ' is a subject for another day, as there are merits to both.

The optimal use of a working capital term loan is when its proceeds are used to generate more cash flow or profits. That's when it's critical to understand asset life as well as having a good handle on your projected cash flow.

How do commercial lenders ' price ' the cost of fixed term loans? It's simply a matter or risk and cash flow assessment. Rates will fluctuate with the term and amount of the loan relative to your overall credit risk profile.

Typical requirements in getting a term loan might vary, but often include the business financials, historical bank statements showing inflows and outflows, as well as information on the owners if the business is in the small to medium enterprise (SME) area.

Term loans can range in amortizations of 1 year to 3-5 years if your cash flow warrants a longer term.

What are some common uses of working capital term loans? They might include:

Leasehold improvements / new locations / company moves

Reducing payables

Marketing initiatives

Inventory build up

Purchasing new assets

R&D

If you're focused on a cash flow loan that makes sense for 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 in assessing needs and qualifications.


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

Asset Financing Therapy : Equipment Leasing Companies Deliver On Finance Challenges

Looking for the best odds in financing new assets?

OVERVIEW – Information on asset financing solutions in Canada. Equipment leasing companies deliver on your finance needs

Asset financing in Canada sometimes just requires a certain level of ' therapy '

when business owners/mgrs consider acquiring new assets.

Solutions provided by leasing companies in effect provide your best odds (even if you're not a betting person!) in solving that business finance challenge. The dictionary defines ' therapy ' as an ' act that relieves tension' and equipt finance solutions certainly do that when it comes to the challenge. Let's dig in.

Leasing is all about using and not owning - that’s the basic simple premise. The reasons why 80% of all North American businesses at some time or regularly lease assets is that they want to use cash for running, expanding, or growing their business - sometime even buying another business.

Where it gets tricky is knowing which lease company to use as the industry is somewhat fragmented. You can deal with an independent firm, or in some cases divisions of large corporations or banks. The end solution will always be the same though - access to capital to buy equipt with a monthly cash flow outlay that matches your firms financial profile.

If there is one standout feature of equipment leasing companies it's their ability to provide special expertise for a lot of industries that are not mainstream, or where asset life and specific use is unique. By the way the other standout feature of lessors is that it is generally acknowledge by all experts that lease financing is easier to obtain than bank term loans.

Is there a clear path to understanding when the lease finance solution will work for your firm? In fact there is and we think we can summarize it as follows:

Owners/mgrs seeking lease finance should understand the length of time the asset will be in use at their business

Will the asset still have value at the end of the lease and who is best to address that value - you or the lease company - that is reflected in your monthly payments by the way, especially in ' lease to use' transactions such as operating leases

What is your cash flow situation relative to credit approval and cash outlay?

If you're looking to beat the odds in asset financing needs 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 equipt finance challenges,.


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