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Best Alternative Financing Options Reviewed
Alternative financing options are increasing popular for a very simple reason. That reason ? Traditional bank and business credit union lenders are unable , for various reasons to assist firms that have short term or emergency cash flow needs . You guessed it . The inevitable ' cash crunch !
Naturally it goes with out saying that banks also like to see business collateral , outside collateral, and , remarkably, they are not big fans of firms in hyper growth . Firms growing too quickly require higher investments in current asset financing in categories such as receivables and inventories.
Alternative finance providers focus on assets and sales - it's that simply so those short term business finance needs can often be fixed quickly via bridge loans that are transitional in nature .
It should be no surprise to business owners and financial mgrs that alternative finance providers are the first to realize that it is probably every company's goal to be back on side with more traditional finance solutions, and non bank lenders know that . Bottom line - alternative business financing providers recognize the transitional nature of their products and services when it comes to Canadian business financing.
Secret to Creating Business Capital
So how should business owners assess the consideration to look towards a non bank lender ? First of all, and we're the first to recognize its more than a bit of a cliche, but ' cash is king ' and if your firm is having cash flow or debt challenges the focus must always be on cash,
Sometimes the benefits are pretty simple - business survival ! And yes that might come at a higher cost, given than non bank lender financing costs more - but it's a question of your access to cash, vs. the cost of that financing . The good news is that properly structured short term financing alternatives can often provide a path back to more traditional financing, aka ' the bank .
At 7 Park Avenue Financial we're never surprised that high growth and success comes with financing challenges. Your firm needs to carry more inventory, hire staff, and invest in the cost of financing receivables .
Many firms are at the opposite end of the spectrum - they re operating thru a difficult period which might involve restructuring, slow down in sales, loss of a major client etc. At this point traditional lenders such as the banks are looking to reduce your access to business credit - Alternative small business financing providers are focused on providing you the necessary capital, recognizing the period of uncertainty you are in .
Solutions to rebuild your business finances include :
A/R Financing
Purchase Order Financing
Inventory Finance
Non bank full business credit lines
Short term working capital loans
Tax Credit FInancing
Sale leaseback Finance
Seek out and speak to a trusted and experienced Canadian business financing provider with a track record of business financing success - allowing your firm to get the finance understanding manage any transition .
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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