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Let’s play the Match Game Of Asset Finance In Canada
Growth financing in Canada. As if keeping your business alive as a Canadian business owner or financial manager wasn't enough, what about all the growth financing challenges you have to face?!
There probably are thousands of businesses in Canada who are either content to stay roughly the same size, or, at the opposite end of the spectrum, want their business financial assets to grow, but just don't know how, or where to turn to. Businesses in the SME sector in Canada are sometimes quite happy to put those earned profits regularly back in the bank accounts of their owners. That’s ok, for course, just not complementary to a growth strategy.
As we said though, many firms wish to capitalize on asset finance solutions in Canada to add assets to their business open a new location, buy a competitor, even in some cases franchise their business model.
FINANCING IS THE LUBRICANT FOR BUSINESS GROWTH
So if it is true that financing is the key ' lubricant ' in that growth financing depends on, and if the business owners don't have the ability to fund their firm personally, what are in fact the options? In reality, there are more than you think!
Naturally, early-stage start-up firms in Canada though do in fact rely on initial owner equity. But sooner or later you need growth financing of financial assets for key investments in office space, software, computers, and other infrastructure and business model assets.
We never fail, or at least try not to fail at pointing out to business owners/managers that internal cash flow generated from asset turnover is a key to growth finance. It's just that they are never enough! And if you're not big enough to go public yet, or engineer a reverse takeover then financing financial assets is in fact going to be a key driver in your revenue and profit growth.
MATCHING ASSET TO THE RIGHT BUSINESS FINANCING SOLUTION IS KEY TO FINANCIAL SUCCESS
Here though we are at a key point in the juncture of your firm. Because here's where mistakes are made, we’re referring to the sometimes inability of the business owner/manager to match the right assets with the right type of financing. So a very key point is in fact that you should be financing receivables, inventories, and tax credits with short term financing vehicles in Canada.
Those solutions include :
Bank lines of credit
Receivable finance
Inventory finance
Asset-based non-bank lines of credit
Purchase order/supply chain financing
Longer-term assets should be financed with :
Term loans
Equipment leases
Secured or unsecured cash flow loans (unsecured is best!), etc.
CONCLUSION
If you wish to match the right assets you have, or need, with the right type of financing seek out and speak to a trusted, credible and experienced Canadian business financing expert today.
P.S. That is of course only if you want to grow your business!
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 areas 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. He is an experienced
business financing consultant
.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 financing 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.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020
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