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Winning Business Funding Strategies For Your Business
Business funding expert tactics are critically valuable for any business owner or financial mgr . We read daily that business financing is widely available these days - that's mostly true but the type of funding you require and all the issues surrounding collateral, personal guarantees, etc must be overcome in the proper manner.
The type of business financing you need is key to the issues of collateral, guarantees, lender covenants, etc . Broadly speaking the types of business financing can be broken down into ' traditional ' and ' alternative ' and within those two categories are working capital, cash flow and debt solutions . Depending on whether your firm is experiencing the proverbial ' cash crunch ' or if it's simply looking for growth capital , it's that type of question that dictates what type of funding works best.
Established companies typically are long past the ' friends and family' approach to business finance ; they therefore must be prepared to travel the loan application road to business finance success.
Your ability to either monetize assets or repay debt will drive your decision towards the right cash flow solution. Both traditional and alternate lenders will want to know what your current secured debt structure looks like. They are of course looking for repayment ability and what type of collateral matches the finance solution your firm needs.
The Business Funding Expert Plan to Business Capital
The initial finance discussions are always best handled when you're well armed with what business lenders look for - that might include a well thought out cash flow and a business plan that profiles the strengths and prospects of your company . In the old days we called this ' source and use ' of funds , and it's at the heart of the business cash flow question.
Other key parts of the overall business application might well include personal financial info on the business owner/owners , copes of recent bank statements, articles of incorporation, etc,l
We spoke of how the type of financing you need will drive the optimal business finance solution . And by the way, in many cases the optimal finance solution might include a cobbling together of various solutions.
Business financing solutions available to your firm include:
Short Term Working Capital Loans
Term loans - typically 3-5 years and cash flow based
Chartered bank lines of credit
Non bank asset based lines of credit - these facilities finance receivables , inventory and equipment and typically provide twice the amount of capital as a bank line of credit
A/R Financing - aka ' factoring '
Inventory Financing
Tax Credit Finance
Equipment Finance and sale leaseback strategies
Commercial mortgages
If you want to ensure you're on the right track to business capital seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success.
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 !
7 Park Avenue Financial provides value added financing consultation for small and medium sized businesses in the area of cash flow , working capital , and debt financing .
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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