Business Financing & Working Capital Solutions : Found !

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Does Your Business Have A Solid Financing Foundation In Place ?

If Not Here’s Some Solutions

OVERVIEW – Information on Canadian business financing solutions . The ability to access the right type of working capital or loan facility makes or breaks a company

Business financing in Canada these days, in many cases, is ' beyond the banks '. That was the catchy title of an old Canadian Business Magazine article. It actually profiled 15 (yes 15!) alternate methods of financing your business, from both a working capital and loan perspective. We've got some thoughts on that... so let's dig in.

So what is and isn't working these days in business financing. Thankfully, as has been pointed out, there are a lot of new solutions and methods to finance your growth and operations.

We have rarely met clients who have successfully arranged angel financing - at the end of the day this is simply equity and ownership dilution and is often solely focused on high growth scenarios, which may or may not include your firm. The concept of another owner or board member within your company may not be palatable to many business owners.

ABL - asset based lending is one of the best ways in which to achieve unlimited working capital vis a vis your growth prospects. Investigate asset based lines of credit, they are viable and they work. They finance inventory, receivables and equipment all under one revolving business credit line. We rarely see a client not receiving 100-300 per cent more finance liquidity once these assets are combined and margined properly.

Bridge financing is another working capital solution and is often used for firms that are either experiencing ' hyper growth ' or in some cases exhibiting financial distress. Talk about a broad spectrum!!It's a short to intermediate term for temporary working capital bulge needs.Canada’s Crown corporation bank is another solution provider that in most cases is very complimentary to any existing financing you have in place - even senior credit facilities. It's a solid way to access a working capital term loan, equipment loan, or real estate finance.

Some business owners we meet are often a little too focused on ' big boy ' financing - also known as private equity and venture capital. The reality? Only a small sector of the market can access this finance and its very un apropos from most of Canadian business.

We're from the govt and we're here to help! Heard that one? Actually in one instance we heartily agree when it comes to the Canada Small Business Financing program - the acronyms for this program vary, and they include BIL, CSBF, and ' SBL ‘. We believe strongly, and are always advising clients, that this is by far the best program for business financing of assets and real estate and property in Canada. Investigate this program, take advantage of it if you can, it does not get any better! It's most applicable for new and expanding businesses, including start ups and franchises.

You by now have probably heard a fair bit about ' Factoring ' these days .Virtually unheard of some years ago it is fast becoming the hottest method of financing working capital in Canada. Complexity in this form of financing comes in the form of how it works, what it costs, and selecting the right partner firm that matches your overall needs. Our recommendation to our clients in this area: Confidential Receivable Financing - allowing you to bill and collect your own receivables while you finance them at the same time. Your sales become a cash flow machine.

We strongly believe that the majority of firms in Canada currently don’t have a handle of their business financing options. We can of course forgive business owners and financial managers as they are caught up in the day to day running of their businesses and the financial challenges that come with that.

When addressing working capital challenges look for options that will help you speed up asset conversion - speak to a trusted, credible and experienced business financing advisor.

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 13 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.


Stan Prokop