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In A Haze When It Comes To Cannabis Business Funding? Here's Your Solutions
Information on Cannabis industry financing for public and private firms in the marijuana sector
We'll point out that this same story isn't playing out as well, or as quickly south of the Cdn border in the U.S.
Growth for any business will often require external financing - coming from both equity and debt and cash flow sources. As owners and shareholders alike learn very quickly , equity is expensive, more so when your business is still in the process of proving it's full potential. Why is that? Simply because you're forced to compare the interest you would pay over the history of the business against the profits you would have to sacrifice over that same period.
Are real world traditional financing solutions available for Canada's hottest new industry. We think they are, in and fact, we know it . Commercial lenders are embracing legal cannabis opportunities and offering most, if not all of the Canadian business financing solutions offered to any other business in the commercial lending marketplace
So what are those solutions from appropriate cannabis lenders, and how could they fit into your business.
These solutions include :
Working Capital Term Loans
Purchase Order Financing
Govt Guaranteed Small Business Loans
Asset Based, non bank Lines Of Credit
Merchant Cash Advances ( primarily used by retailers / dispensaries
Equipment Loans
Tax Credit Loans
A/R Financing Loans
Leasehold Improvements
Financing for cannabis companies is clearly available as we've noted . These solutions, either in a debt for or cash flow form reduce the stress of expensive equity give away .
In many ways the real challenge of obtaining ' traditional' financing has not gone away to a large degree.
Seek out and speak to a trusted , credible and experienced Canadian business financing advisor who can assist you with your particular needs.
7 Park Avenue Financial :
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .
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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