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Improving Business Finance Alternatives
Business finance alternatives actually depend on one key thing . Know what that is ? It comes down to knowing where your company is at re it's stage of growth. That's a long spectrum as financing alternatives start way back to business start up , and go all the way to mature businesses who have stopped growing and might be generating all the cash they need.
In some cases company might be challenged and undergoing financial stress re debt load, lack of cash flow, etc . That's why it's important to know your options while understanding where in the journey to business financial health your firm stands.
Bottom line - there are business financing alternatives! Many firms find themselves in a position that yields a double edged sword - they are growing too fast, business feels good, but.. they are constantly out of cash. One of the most common solutions to that problem is asset based lending , which typically means considering the move to non bank asset based lending solutions . And there are several of them - They include:
Non bank business lines of credit
Basic A/R or Inventory Finance
Purchase Order Funding
Tax Credit Finance
Sale Leaseback
Short term unsecured working capital loans
Term Loans ( Cash Flow Based )
As you can see, there is a lot of flexibility in mixing and matching alternative financing solutions.
Naturally the conundrum faced by many business owners and financial mgrs is even more simple - they don't know where to go or who to talk to for assistance in evaluation financing solutions. They are busy running their company , and aren't dialoguing with lenders at either banks or commercial finance companies !
That's of course the reason why companies can benefit from a business financing advisor - they are guaranteed to understand the full spectrum of alternative business funding . Suddenly they can see answers to challenges such as taking on major new contracts or having the ability to offer clients extended payment terms.
A company experiencing severe financial stress can also utilize a trusted, credible and experienced Canadian business financing advisor to see the way out via a restructuring and refinancing process.
Businesses that are start up in nature, or who are in the process of generating their first revenues can benefit from non traditional funding sources also - Solutions such as Govt Guaranteed Small Business Loans, Equipment Financing, etc are tried and true solutions for start ups.
Looking For An Expert In Business Finance Alternatives ?
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record who can assist you with your business funding needs.
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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