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Is The Business Financing Challenge Stifling Your Growth ? Sources of Capital 101
OVERVIEW – Information on business financing solutions in Canada. Knowing which capital sources suit your company when it comes to loans and cash flow finance will make or break your company
Business Financing in Canada or notably, lack thereof has this tremendous ability to stifle busing growth and opportunities. What then are the capital sources that can get you new, growing, or mature business back on track? Let's dig in.
Business capital sources often means different things to different folks. The equity in your business is often made up of assets, both fixed and liquid (receivables / inventory, etc) and the proper mgmt of them should allow you to meeting your financing and sales targets.
Naturally ' debt ' is not capital and the term ' sources of capital ' is often misunderstood. One top expert has been quoted as saying that banks and commercial lenders love their money more than they do your business... and that's probably correct.
The challenge to business owners and financial mgrs is to undertake loans and cash flow monetization solutions that can be repaid, even when times are tight. Lines of credit should be used as day to day liquidity - using them as a long term capital fix is not the right thing to do.
The best businesses that are ' ripe ' for financing solutions are those that understand the true way that cash ' flows' through their business. Your ability to have a strong handle on both historic cash flow as well as your forecast is key to assessing the right financing solution.
By the way, there might be more financing solutions out that than you might think available. They include:
A/R Financing
Inventory Loans
Short Term Working Capital Loans
Bank credit lines / term loans
Equipment Finance/Leasing
Sale Leasebacks of owned assets
Non bank asset based lines of credit
SR&ED Tax Credit Loans
Unsecured Cash Flow Loans
Govt Guaranteed Small Business Loans (New max = $1,000,000.00)
If you're feeling ' stifled' around your ability to access cash flow and loan solutions that work for you now and in the future 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 needs.
Stan Prokop - founder of 7 Park Avenue Financial –
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
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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