Why Your Business Financing is Missing the Mark (And How You Can Fix It)
More Cash Flow With Asset Based Lending
How to get financing for a business ? That's a question that comes up all the time with our clients, and they want solutions now, not down the road! One ' size fits all' solution is asset based lending . These 'ABL' techniques and solutions could provide all the financing your firm needs in today's compeitive environment.
Business owners and financial mgr's are looking for finance that grows with their business. As it became difficult to get all the financing they needed after 2008's recession many business owners investigated the ABL solution.
Typically, ( but not always ) asset based finance is non bank in nature - it's offered by specialized commercial finance co's. It helps businesses access more working capital and cash flow - typically "Job 1 " for any business.
If your company has long term debt , and is looking to avoid taking on more debt, payables are rising, and you're waiting long to collect receivables asset finance is a very logical solutions. Ironically many business owners and financial managers in some cases haven't heard of this type of
business financing .
In the ' old days ' ( we remember them well ) abl was often touted as a financing of last resort. No longer!! Using it can grow your business, expand into new markets, buy a competitor, and oh yes, just survive day to day!
In it's purest sense asset based lending is often just a revolving line of credit that allows you to borrow against all, repeat ' all ' of your assets. Those typical asset categories include receivables, inventory and fixed assets.. even real estate if your company occupies and owns it's own premises.
THE ABL DIFFERENCE ?
Simple - You can borrow significantly, on an ongoing basis, against those assets . Smaller ABL facilities tend to be in the 250k range, but they can easily run into the millions. Many large corporations use ABL also by the way!
By now you may have picked up on the fact that as your business grows you can borrow more on an ongoing basis, as your assets have grown also - with virtually no upper limit.
While Canadian chartered banks focus on ratios, covenants, personal guarantees and high net worth the asset finance solution focuses.. you guessed it.. mostly on your business assets.
ABL comes in different flavors and can be specifically based or full service against all assets . That allows you to not postpone business success! Can you afford not to access this solution ?
Speak to a trusted, credible and experienced Canadian business financing advisor with a track record
of success on achieving benefits of ABL finance.
7 Park Avenue Financial :
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Click Here For 7 PARK AVENUE FINANCIAL website !
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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