WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.

Thursday, February 25, 2021

Financing Businesses In Canada: Recognizing Early Warning Signs For A Business Plan Requirement

What Types Of Canadian Business Financing Require A Business Plan

YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE & BUSINESS PLAN HELP

NEED A BUSINESS PLAN FOR FINANCING - LET 7 PARK AVENUE FINANCIAL WRITE YOUR PLAN

You've arrived at the right address! Welcome to 7 Park Avenue Financial

Financing & Cash flow are the biggest issues facing business today

ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?

CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs

EMAIL - sprokop@7parkavenuefinancial.com

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8

Financing businesses in Canada may or may not require a business plan proposal. When do business plans make or break your firm's financing objectives, and are they required at all? What are the risks of not having a plan when you need one? Let's dig in.

WHY DOES YOUR COMPANY NEED A BUSINESS PLAN? NEED BUSINESS PLAN HELP?

Business owners and financial managers typically associate business plans with funding requests. Done properly, the document reflects the type and amount of funding you need (for example - capital expenditures / buying a business, etc.), potential future financing needs, what banks and other lenders (commercial finance companies, etc.) call the 'use of proceeds. Business plan writers such as 7 Park Avenue Financial understand your needs when this type of document is required.

FINANCIAL PRESENTATION IN A BUSINESS PLAN IS KEY - LENDERS LIKE TO SEE REPAYMENT!

Additionally, a proper document will include how the loan or financing needs fit your business's overall working capital and cash flow needs. It sometimes is forgotten that the lender is fixated on one thing - getting repaid!

CASH FLOW PROJECTIONS ARE KEY

While many plans we see focus on the past and present, it's always critical to integrate your financing into the future - reiterating how debt will be repaid, etc. Time periods for repayment are important also, as you want to demonstrate things like timing of cash flows, cyclicality in your business, temporary 'bulges' of sales and cash flow.

A sense of urgency is not the best theme to have in your business plans. That's when the ability to anticipate future financing needs properly helps your proposal stand out more legitimate. Financing under pressure seldom works - dire straits financing is certainly achievable - but not recommended as a strategy!

DOES A STARTUP NEED A BUSINESS PLAN?

Startups definitely need a business plan! Start-up business financing almost always requires a proper business plan. Here capital and funding are typically more costly as it's associated with more ' risk ' - so your ability to have a clear, sound business plan reflecting realistic potential success is desired. Certain industries are occasionally out of favour - if that's the case, even more care is needed.

WHEN IS A BUSINESS PLAN REQUIRED? WHEN ARE BUSINESS PLANS RECOMMENDED?

Here's a quick recap of some of the main types of Canadian business finance solutions - highlighting a more clear need for when you might best consider the need for a business plan

A/R Financing - not required

Inventory Financing - not required

Government SBL Loans - required/recommended

Term loans - Recommended.

Acquisition Financing - Required/recommended.

SR&ED & Film Tax Credit Financing - not required

Franchise Financing - Required and recommended.

Working capital term loans - Recommended.

7 PARK AVENUE FINANCIAL PREPARES BUSINESS PLANS AT A REASONABLE COST AND WITHING YOUR NEEDS TIME FRAME!

The cost and time in preparing a business plan that reflects your funding needs is more reasonable than most owners imagine. Seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can ensure your plan is cost-effective and works. It will include an executive summary, strong cash flow projections, and details on your management team and marketing plan. Bottom line? We know your required format of a business plan relative to your needs.

Small businesses always benefit from proper business planning/business plan services. The business owner/ financial manager should always be on the lookout for those 'warning signs' that a good business plan proposal is required - one that reflects that your company merits and deserves the financing it needs to start /operate/grow, or acquire a business. Can your firm benefit from our business plan writing service.

7 Park Avenue Financial :
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com

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.

' Canadian Business Financing With The Intelligent Use Of Experience '

ABOUT THE AUTHOR

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/2021

Business Plan Proposal Financing Businesses Canada | 7 Park Avenue Financial