WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Monday, June 27, 2016

Business Financing In Canada. Tracking The Success & Rise of Asset Finance And Other Types Of Fintech Loans









Looking For Some Hot Tips On Canadian SME Commercial Finance Options ?

Beefing Up Your Co Business Financing Solutions Availability


OVERVIEW – Information on business financing in Canada. Traditional bank financing can’t always supply the capital needed . Asset finance and other ‘ fintech ‘ loans provide the capital for growing businesses






Business financing challenges in Canada require the owner/financial mgr to be constantly on the alert for finance and funding options that ' beef up ' your firms ability to successfully run and grow the company. Let's dig in.

Asset finance options are a common tool to get your funding and capital going. Why? Simply because in times gone by companies in the SME sector didn’t necessarily, because mainly of their size, have the options available to them that they do today.

That's the essence of the current ' fintech' revolution in Canada - allowing many commercial finance firms to be the bank alternative. We never fail to mention though that if your firm does qualify for bank financing the current environment provides a lot of capital at low rates with maximum flexibility.

There are of course equity, or quasi equity related forms of financing, but we're often the first to point out that they are for the smallest per cent age of businesses in Canada. Those options, should you wish to check them out include convertible debt, securitization, Crowd funding, Peer to Peer funding, angel investments, private equity, etc.

The key take away here is that in some limited cases a capital equity injection might make sense. Most often they don't though as many firm can't demonstrate the earning power, market position, and financial reporting consistency that is required in these forms of funding.

Although many business people are against the concept of govt intervention in business we're also the first to say ' feel free to intervene' when it comes to 2 great Govt financing programs in Canada. The CSBFL program provides govt guaranteed loans up to $ 1,000,000.00 if your firm requires financing for new assets of equipment leasehold improvements.

Additionally the Canadian SR&ED program refunds billions annually to thousands of firms who apply to recapture their R&D capital investment. Key Point: SR&ED refundable tax credits can also be financed while you're waiting for your refund.

We often ' preach ' to clients the importance of understanding the specific stages of your life cycle in your company , and understanding the risk and opportunities that come from more leverage via a business loan .

Where did all these somewhat newer financing alternatives come from? We're talking about:

A/R Financing / Confidential Receivable Factoring

Inventory Loans

Franchise Loans

Tax Credit Financing

Asset based non bank lines of credit

PO Financing

Royalty financing

Sale leasebacks

Working capital term loans

Merchant cash advance loans


The answer seems to always come back to the 2008 global financial crisis and the fact that many banks and insurance companies who traditionally funded businesses simply withdrew from many business finance market segments. Enter the Fintech revolution!

Traditional bank lending and loan criteria pose a problem to many firms because they can't satisfy some or all of the banks criteria. High growth firms, ironically, are often punished by bank lending criteria as profits and cash flow targets are tougher to pin down.

If you're focused on addressing the business financing options you have available today and in the future seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and debt 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

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.




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