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A Business Tool For More Cash Flow
Asset based lending might just be the best business line of credit that your firm needs .
If you're looking for a financing mechanism that fills the gap in your cash flow needs we have a solution that's working for thousands of firms in Canada already !
And the surprise? Simply that many business owners and financial managers aren't aware of this solution!
After the 2008 financial recession many firms found it even more difficult to achieve proper financing for their business. In otherwords .. credit had dried up. Banks tightened up, some finance firms disappeared ( a good example : GE CAPITAL !) and many businesses and even whole industries found themselves ' out of favor '.
Asset based lending takes a deeper look - if your firm has assets it's financeable! This type of credit line
focuses solely on asset collateral - typically receivables, inventory, equipment, and yes, even real estate.
How does this unsecured credit line work ? Simply by having those above mentioned assets margined to a much greater per centage than you would typically get from a bank . In effect they are your ' borrowing base ' on an ongoing basis.
Asset based lenders often have great expertise in certain asset categories, namely inventory as an example. Asset based line of credit providers monitor your assets on a monthly basis based on your monthly financials . That typically will get you 90% margins on accounts receivable and anywhere from 30-70% on inventory. Often an updated appraisal on equipment and real estate will allow even more borrowing power on those two asset categories.
Once the ' ABL ' revolver credit line is up and running your borrowing power is virtually unlimited as your sales and business assets grow. A combination of regular reporting and good quality assets such as your a/r, etc will allow you to face even minor downturns such as a negative income time period . Many businesses lose money at certain times in their history .
So if you firm has a solid management team and good controls on your business you can expect to receive maximum financing from the asset based lending solution .
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success who can assist you with your overall cash flow needs.
7 Park Avenue Financial :
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
CLICK HERE FOR MORE INFO ON BUSINESS FINANCING AND CREDIT LINES ?
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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