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How’s That Trial & Error Canadian Business Financing Search Going ? Get Ready To Sync & Doc With The Finance Solutions Your Company Needs
Information on business financing in Canada. Various loan and finance options are available for Canadian companies . The trick? Knowing which ones your company needs and qualifies for
Business financing loan and finance options in Canada unfortunately leaves many business owners/entrepreneurs and financial mgrs doomed to a ' trial and error ' approach to their funding needs.
How then do you come out on top when it comes to your capital / cash flow needs? Let's dig in.
Business finance as it relates to capital needs is all about understanding current and future performance needs. Key factors that you need to consider assessing for finance needs include:
Sales
Working Capital needs
Asset requirements
Cost of financing
We're told that timing is everything, and to that we'll add knowing (and understanding) your alternatives. Working capital, as an example is a common need for business - it funds your inventory and receivables and staffing as an example.
Larger firms are always considering their ' capital structure ' which is often a more informal project when it comes to businesses in the SME (small to medium enterprise) space. More simply stated the owners and financial mgrs in '
SME COMMERCIAL FINANCE ‘assessments have to consider how much ' debt ' they can obligate their company to. As they quickly discover the ' leverage ' that comes with debt is a two edged sword!
However those ' debt ' and ' cash flow' options are always less expensive than giving up a per cent age of ownership.
What then are the types of financing available to firms for asset and cash flow needs? It's probably a longer list than you might think! They include:
A/R Financing
Inventory Finance
Sale leasebacks
Equipment finance
PO Financing
Bank lines of credit
Non bank lines of credit
Royalty finance
Govt guaranteed Small Business Loans
Unsecured Cash flow loans
Knowing what stage your company is in will often. lead you to the best business financing solution. Typical categories for assessing your need tend to be ' start up ' ' growing' and ' mature mid market '. Don't forget also that for even larger firms there is no ' perfect’ financing and capital structure.
Knowing which alternatives pertain to your needs will help you shape your current and future financial position. Your ability to assess cash needs allows you to get funding in place in advance, as opposed to reacting when it comes to the proper financing sources.
If you're focused on eliminating that ' trial and error' approach to business funding 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 loan and finance options that make sense today .. and in the future.
7 Park Avenue Financial
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Office = 905 829 2653
' 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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