Saying Goodbye to Business Financing Concerns
OVERVIEW – Information on business financing in Canada . Cash flow success depends on loans and asset monetization solutions that help guarantee cash flow solvency
The Business financing search made by owners and financial mgrs of Canadian firms works best when solutions are ' tailor made ' for their needs. The right solutions usually creates short and intermediate term solvency via loans and asset monetization funding that works. Let's dig in.
It's often difficult to see the ' big picture ' in your overall business finance picture when short term ongoing cash flow challenges persist. But how do you know how well you're doing compare to the competition - We're quite sure owners/mgrs often wonder how their competition is taking on bigger contracts, or who seem to be enjoying great relations with vendors and suppliers.
What then are the key criteria that help a business understand its finance needs? It should be no surprise also that different industries require different types of finance solution focus.
Small firm, large firm, medium sized firm - no matter what size your business might be it's all about knowing your working capital position - Here positive is better ! , and your ability to keep current assets such as receivables and inventory turning , while managing payables and short term loan obligations is key .
KEY POINT -
Always remember that when your working capital accounts are growing you're consuming cash, not generating it!
Next in line on the business assessment barometer is your overall debt situation - when your business has too much debt its unable to properly leverage additional returns while managing the risk that comes with debt.
When you think of ' cash ' in your business remember it's not simply a focus on ' cash in bank ' which usually isn't a lot anyway when it comes to SME COMMERCIAL FINANCE needs. A lot of top experts maintain that at most firms in the small to medium size enterprise sector in Canada carry only about 10-20% of their current assets in their actual cash position.
Your ability to finance current assets properly via a bank credit line is key generating borrowing from your sales revenues. For firms that can access all (or any?!) bank credit asset based lines of credit are readily available. They give you maximum working capital borrowing power.
Other ways to avoid the liquidity trap include checking our solutions such as:
Sr&ed tax credit financing
Equipment financing (minimizes cash outlays for newly acquired assets)
PO financing
If you're looking for ' tailor made' loans and finance solutions for your company seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you on the quest for solvency .
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 FinancialSouth 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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