Fixing Business Financing In Canada : Accessing Bank & Alternative Finance Loans

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A Lot Of Smart People Still Aren’t Happy With Their Business Financing – Here’s The Fix !

OVERVIEW – Information on business financing solutions in Canada. Whether its traditional bank loans or alternative finance funding here’s how to consider capital options for your business

Business financing needs in Canada often leaves owners/ financial mgrs with that ' not happy ' feeling when it comes to loans or alternative finance solutions. And by the way, in today's competitive environment there are some pretty smart people out there when it comes to running and growing their firms- yet even they are searching for ' the fix '. Let's dig in.


When it comes to raising finance needs for your business today’s environment calls for looking far beyond the traditional solutions of the past. More often than not that has meant ' the bank ' as the sole solution provider of business capital.

But by addressing proper cost of capital versus growth opportunity as well as the ' risk ' element associated with any form of traditional or nontraditional finance a whole new world of capital providers is out there.

What then is the best way to look at some of those alternatives, and, as importantly, what are they?! It starts by assessing your need, which is usually in one of three categories:

Growing sales

Refinancing

‘Other’


That other can cover various scenarios, one of which might mean a forced exit from your bank relationship - i.e. the dreaded ' special loans' category.

As we have said, understanding how things work, cost, and risk are the key elements of a new financing strategy. That kind of thinking will often determine what's best for your business.

Looking for some key tips around new sources of business financing and capital? We've narrowed it down for you as follows:

Keep an open mind to new solutions available

Consider both traditional and alternative financing solutions

Understand what you need - i.e. new assets, working capital, investment

Focus on potentially a combined solution of different methods of business finance

Ensure you are in a position to present your company properly - i.e. current financial statements, a strong exec summary or business plan, etc

Be prepared to consider ' Plan B '!

Let's recap business financing solutions most typically available to your firm - they include:

Bank credit lines/term loans

A/R financing

Inventory loans

Equipment finance

SR&ED Tax credit bridge loans

Sale leasebacks of owner assets

Non bank business lines of credit

Unsecured cash flow loans

Royalty finance

If your firm needs finance ' fix ' 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 loan and cash flow needs

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