Working Capital Financing In Canada

What Does Accounts Receivable Financing Mean?

How Does it Work in Canada?

Information on working capital financing in Canada. Solutions such as a/r finance factoring and other forms of ' asset based lending ' are a key source of business credit for thousands of firms in Canada - Why Not Yours?

Accounts receivable financing is becoming more and more popular as an alternative financing and working capital solution for Canadian business owners and financial managers.

What is it? At its most basic it is a true form of an asset financing arrangement. Your company uses its receivables as collateral in a financing arrangement. The financing can be on one receivable, all your receivables, and, more commonly, some or all of your receivables on an ongoing basis.

The industry tends to refer to the term 'factoring' as the day to day description of accounts receivable financing.

Factoring or receivable financing allows Canadian business owners to receive immediately, on billing, cash for the receivable. A portion of the invoice is always held back, representing a traditional 'holdback 'plus some of the lenders financing fee. We would point out that the holdback is always paid back to your firm as soon as your customer pays the invoice

The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect - Generally speaking, invoices over 90 days can not be sold - therefore no cash flow will result on those items.

Factoring, or accounts receivable financing helps companies unlock capital that is invested in accounts receivables. Accounts receivable financing on some occasions transfer the default risk associated with the accounts receivables to the financing company; this type of facility is set up as a non-recourse facility, meaning the lender or finance firm that is doing your factoring in fact accepts the credit risk associated with the ultimate collection of your accounts receivable.

How does the lender do that - quite frankly the receivable portfolio originated on your customers in effect is 'insured 'by the lender. We will let you guess who pays for that and if it is included in your cost of financing. Yes, you are right, you pay. Typically the cost of such insurance as at least a per cent age or two to your cost of financing.

The Canadian market place is dominated by a variety of firms that will factor your accounts receivable. These firms are either divisions or subsidiaries of large U.S or other foreign countries, or they are smaller Canadian owned, operated and funded firms. Typically the latter type of firm, the Canadian single entity has a difficulty in accessing all the funding it typically might need for a large number of transactions. The factoring business requires a significant amount of capital.

When a Canadian business originates an account receivable financing it is prudent for the company to ensure they understand the over all profile, reputation, and capabilities of the firm that will be financing your accounts receivable. Unless the business owner negotiates a very special type of facility the accounts receivable financing firm generally has a good amount of customer contact with your customer base; they will want to validate your invoices, confirm customer acceptance of your invoice and products and services, and in most cases follow up directly with your customer for payment.

In summary, Canadian firms can increase cash flow by the use of the alternative financing method known as 'accounts receivable financing ', commonly called factoring. Cash is secured for your receivables soon that your customer actually paying for it - As we have pointed out that comes at a cost in both financing cost as well as some level of customer intrusion. Canadian business owners should dutifully look into who they are dealing with, their capabilities and procedures, and possibly utilize the services of a trusted and credible expert in the area to determine their best receivable partner.




7 Park Avenue Financial :

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com


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.
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

Factoring and Accounts Receivable Financing In Canada

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Kick Back – Relax – And Find Out One Way How To Get Rid Of The Cash Flow Crunch

OVERVIEW – Information on how factoring / accounts receivable financing works in Canada. What are the key benefits and why and when should business owners consider this financing option

Most Canadian business owners and financing mangers often seek out factoring as a quick way to get out of a cash flow crunch when other more traditional methods of financing have been exhausted.

Typically clients tell us that sales or revenue generation is not the problem, with the bigger challenge simply being how to convert those sales into cash flow and working capital. Factoring comes at a higher price than traditional bank financing but most Canadian business owners recognize that other options are limited.

When you recognize that a cash flow crunch often comes as a result of your success it is often much easier to rationalize factoring as a solution.

Factoring in Canada is slowly catching on as a true financing option – many parts of the economy now view this financing method as a traditional method of financing the business – and the reality is that the big boys use it also , which many are not aware of .

When you utilize factoring you are in effect selling your receivables as you generate them (at your option of course) and receiving immediate cash for those funds. Don’t let the literature fool you though – you actually receive approve 75-90% of your invoices (depending on who you deal with) and the balance is held back and then remitted to you when your customer pays. Naturally from this final holdback amount there is a financing fee or a discount fee. Many business owners view this financing or discount fee as an interest rate, when in fact the factor finance firms always refer to this as a discount fee.

The prerequisites for factoring your receivables often revolve simply around the nature of your receivables and customers. Your final pricing or discount fee depends on several key factors. They are:


• Overall risk profile of your firm – i.e. how you are doing!

• The quality of your customer base

• The size of your receivables portfolio

• The geographical scope of your invoices - foreign, i.e. U.S. receivables can be financed also.

What do you need to know about factoring financing in Canada as it relates to the U.S. and U.K. approaches to this type of financing ? Well in Canada there are two types of invoice discounting/factoring. Under the most commonly used method the factor firm you engage works with you to invoice the customer, collect the payment, and monitor the overall credit quality of your customer.


If you view this overall business model and way of financing as somewhat intrusive and undesirable then seek out the services of a trusted, credible and experience advisor who can provide you with a factoring facility which allows you to bill and collect your own receivables.

Many business owners we meet are concerned with the perception that comes from suppliers and customers when they find out you are factoring. That comes out of the issue that in the past many firms that factoring generally was viewed as companies with financial problems. However, the new reality of financing a business in Canada is that factoring is in fact a great way for healthy businesses to generate much needed cash flow and working capital.

In summary, consider the cash flow benefits of financing your receivables when you are unable to obtain the total amount of financing you need. Determine if you are eligible (most firms are) and seek out a facility that meets your business financing needs.






7 Park Avenue Financial :

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com


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.
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

Factoring Financing : Unraveled - Finally!

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Why A/R Financing Is The Above Average Cash Flow Solution Your Company Might Need

OVERVIEW – Information on factoring financing in Canada. What is the best a/r finance program, how does it work, and why should your firm consider this alternative financing solution

Factoring Financing: Canadian business continues to embrace this new and growing in popularity form of financing. Canadian business owners only have one problem - what is this financing, how does it work, and how do they eliminate the confusion around what type of factoring financing works best. Well that is three problems of questions actually..! We're unraveling what is really a common sense alternative financing solution. Let's dig in.



You probably are happy to know that a factoring type of facility works for every size of business and almost every industry in the Canadian business landscape. Start ups benefit from factoring, as do some of the larger corporations in Canada. (Larger corporations benefit from a more sophisticated type of factoring and better pricing, but at the end of the day it is the same facility and the same method of cash flow and working capital financing.

Clients, (unfortunately) often only focus on price when they are looking at a factoring facility. Anything we buy as consumers or business of course has to be competitively priced, but in factoring it is a lot more important to know who you are dealing with and how your facility works.

Let's also cover off one of our basic questions as posed by clients - that is namely what is factoring?! Simply speaking it's the selling of your receivables to a specialized finance firm.

What is so special about that - simply that you receive the cash, less a financing discount, the same day you issue your invoice. You have just become cash flow positive! And are generating positive working capital on a regular basis. All at the expense of only some of your gross margin, as the finance fee should generally be viewed by yourself as a cost of doing business, as opposed to an 'interest rate 'financing charge.

One of the many reasons you should speak first to a credible trusted financing advisor is that there are a number of small nuances you need to understand about factoring. Each firm handles these 'nuances 'a bit differently. Each invoice you factor also has a holdback attached to it, in the industry the holdback is generally 10-15%. You receive that holdback immediately after your customer pays the invoice. It's just a buffer for the finance factor firm that covers off late payment by your customer, or a possible credit note you might issue on the invoice, etc.

We recommend CONFIDENTIAL RECEIVABLE FINANCING as the ' ABOVE AVERAGE ' A/R Factoring solution.

We recommend to all clients that they fully understand the benefits of a 'non notification 'factoring facility. With that type of facility you are able to bill and collect your own invoices, with no additional intrusion or notification by the factoring company with respect to your clients. We feel that piece of advice alone is immeasurable in benefit to Canadian firms.

In summary, factoring is a form of working capital and cash flow generation. It does not entail borrowing money, you are in fact just doing the opposite, liquidating assets (your receivables!) to generate positive cash flow.

Seek out and speak to a credible business financing advisor that will work with you to maximize the benefits of this type of business financing in Canada.



7 Park Avenue Financial :

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769


Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com


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.
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

Invoice Cash – Factoring Invoices in Canada : Right Place Right Time!

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Factoring Receivables In Canada – Behind The Hype

OVERVIEW – Information on factoring finance . The ability to monetize your sales as quickly as possible through strong collection practices or external financing of receivables is key to long term success

Invoice cash is probably best known as factoring or accounts receivable financing here in Canada. Although the business of factoring is hundreds of years old and works widely all over the world it has been a bit slower to catch on here in Canada. Lets examine some of the reasons why that has been the case, and we will also focus on why it is a timely solution for many small and medium sized companies here in Canada. Let'ts dig in .

And by the way, many of Canada's larger and largest corporations use this form of financing also!

Factoring is the selling, or in some cases 'assigning 'your accounts receivable for immediate cash. Immediate is the key word, since you get your funds the same day often, as opposed to waiting 30, 60, or sometimes 90 days for accounts receivable.

How can you possible make money with factoring when it is in effect a financing cost?!! Well, consider this - if you recognize that you have a cost to carry your accounts receivable, let's look at what it costs you, and then determine what things might look like if you were collecting your money the same day that you invoiced your customer for goods or services.

Back to our example - and let's point out that we are talking only about the cost to carry the receivable, not the risk of bad debt, etc. Our example is from one of the leading credit organizations in them U.S. (NACM), but it is of course 100% applicable to Canada.

Interest:
What does it cost to carry past-due accounts? If a 5 percent net profit is realized on sales, for every $100 accepted in credit, $95 is paid for product, expenses, taxes, and so on. Interest alone can erase the $5 profit in a short period of time:
Interest Costs at 12% Per Year:
First month: 12% x $100 = $12.00 divided by 12 months = $1.00)

Consider an example using a yearly sales figure of $12,000,000 or $33,000 per day. If the accounts receivable investment improved and the number of DSO decreased, the following amounts could be released or added to cash flow: by three days - $100,000; by six days - $200,000; by thirty days - $1,000,000. The funds could be used for keeping up with competition (for example, expansion or new product development) or internal improvements (such as salary and overhead increases). Source - NACM

So it is now hopefully abundantly clear that if you can get cash for your receivables on day on, re invest those funds in additional products and services for your customers, and repeat that process all over again you will of course be in effect taking the lead from our title - You are making money with factoring!!

So now your firm is making money with financing - that's a solid concept! How do you get started on this whole process?

When we meet with customers we advise them that in our opinion the Canadian factoring market is very fragmented, and it is very important to work with a trusted and credible and experienced working capital expert to ensure you have the right facility set up.

Have You Heard About Confidential Receivable Financing ?
A book could of course be written on the 'right facility 'for your firm. For the purposes of our information shared here lets simply say that we recommend a very Non - U.S. way of setting up your facility, and that's the favorite one we utilize for our customers. It is called non - notification. The bottom line is that you are in charge of billing, collecting, and factoring your receivables.

Unlike many other factor facilities which are very intrusive your business (the factor company bills and collects your receivables) our method of non notification allows you to seamlessly continue your business on a day to day basis, determine which funds you wish to factor or finance, and most importantly in that whole process the word invoice takes on a whole new meaning: Invoices = Cash!

Speak to an expert and get your non notification facility in place, watch your sales and profits grow!

http://www.7parkavenuefinancial.com

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 .







7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

' 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.
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

How To Win At Receivable Financing : How The Best Factoring Financing Works ! Spoiler Alert – It’s ‘ Confidential ‘ !

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Your Mission Should You Choose To Accept : Find The Best A/R Financing

OVERVIEW – Information on factoring receivables in Canada and why CONFIDENTIAL A/R FINANCE factoring is the best method for your financing receivable strategy . How it works and how to investigate this popular Canadian business financing tool .

Receivable financing in Canada - It's your mission to find the best solution available in factoring financing - And we'll give you a hint - It's called Confidential A/R Finance! Let's dig in!

Our key buzzwords - cost efficient, and allows you to mind your own business - what a combo!

Factoring receivables continues to gain daily momentum in Canada - If you feel either confused, misinformed, or just generally out of sync with how this type of financing works and what it costs let’s get you up to speed.

It's actually not as complicated as you thing - on a daily, week, or monthly basis, (it's your call) you provide your invoices and proof of delivery and shipment . Then what happens? You receive cash, the same day, for those funds.

Actually, to clarify, the amount of the advance on your invoices is actually 90% - you receive the rest of the funds, i.e. the ten per cent, when your customer pays - less the financing charge.

Trust us that we know from experience that clients want to always know and talk about that financing charge, so let's clarify that point right away. First of all did you know that some of the largest corporations in Canada utilize this method of financing receivable portfolios? Their cost is often either the same as traditional bank financing, and in some cases less.

However the majority of business in Canada that seeks out factoring receivables actually pay anywhere from 1 - 2% per month for the cost of factoring. But let's be clear here, receiving those funds when you invoice allows you to maintain a totally positive cash flow, and at the same time continue to grow sales and profits.

Another benefit? We point out to clients that they are now in the enviable position of taking 2% discounts on all their qualified purchases with their suppliers, and, if they are really smart, can negotiate better terms and pricing from their suppliers on product.

We referenced the term CONFIDENTIAL A/R FINANCE. So what is that exactly? It's a unique form of factoring, that by the way, costs the same as other types of factoring receivables financing. However, unlike traditional A/R financing it allows you to bill and collect your own receivables on a confidential basis.

Key benefit? Your suppliers, clients, etc are simply not aware of how you are financing your company, and we think that's important. So again, to clarify, you are financing your business on a confidential basis - your competitors who use this type of financing are not. That's your key advantage, and we think it's significant.

Selecting a receivables financing partner can be a challenge - simply because there's hundreds of small and larger firms out there with difference criteria. You have to be able to distinguish between recourse and non recourse factoring, and if the firm even offers (or has heard about!) this method of cash flow finance.

Other factors (pardon the pun) to consider are the size of your portfolio, misc fees that add up quite frankly, and must be understood or negotiated. And pricing is reflected to a certain degree by the size of your monthly receivable financing. A/R portfolios of 250k per month generally receive better pricing and structures. The maximum financed? There isn't one!

Interested? Confused? Hopefully not the latter, but if you are seek out a trusted, credible and experienced Canadian business financing advisor who will steer you through the financing receivable maze - we're sure you'll come out the other side well informed and with a factor facility that works best.

7 Park Avenue Financial :

http://www.7parkavenuefinancial.com


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 .


7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

' 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.
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

Financing Accounts Receivable Invoices : Here’s The Best Method Of Factoring Finance ! It’s Confidential !!

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You’ve Got Them ! We Know How To Finance Them ! Sales !!

OVERVIEW – Information on confidential factoring financing for your firms accounts receivable investment . How it works and why the ability to turn those invoices into cash will generate cash flow and working capital for your firm

Financing Accounts Receivable Invoices - That's why you're here. You've got sales and we know how to finance them -including the absolute best method of ' factoring ‘; Confidential Receivable Finance. Let's dig in.

There isn't a day these days when we don't meet a client like you who isn't challenged by working capital and cash flow challenges.

So the key basics of factoring financing in Canada, - what you need to know, which is simply:

How does it work?

What does it cost?

What's the best way of doing this?


The good news, your sales are growing .Your clients, as great as they are, are slow to pay. And we won't forget that terrible thing known as' the bulge', which is that seasonal or occasional situation when large sales opportunities loom and you need financing to cover those off. A great problem to have, if you can solve it!

Thousands of Canadian companies can't all be wrong, so there must be something to factoring financing of those invoices, right? We're going one step better and recommending that you investigate confidential invoice financing, which is simply a factor arrangement that has you in control of the show, not the finance firm. And controlling your own destiny is what it is all about.

A/R finance is simply the sale of your invoices to your finance partner firm - you get the cash immediately. It works best when you have some decent gross margins to absorb the 1- 2% financing cost that comes along with this type of financing.

The cost is what most of our clients are worried about , and they are somewhat more happier when we show them how they have the ability to cut that cost in half using that new found cash flow to execute on strategies such as taking discounts with their suppliers and buying in bulk at better prices .

So here comes that recommended secret we are talking about. We call it C I D, which stands for confidential invoice discounting. Here's where you have the advantage over your competitors. 99% of all factor financing in Canada revolves around your factor firm partner billing and collecting your invoices, with notice to your customer.

The Confidential Receivable Financing offering? You bill and collect your own invoices, when you want, when you need the cash. So you have the same pricing as your competitors, but you are on up on how the facility works.

Things we look out for when we originate these financings are areas such as the total all in rate of your new financing facility. Other somewhat technical issues are the advance rate, of what is advanced against the full amount of your invoices.
Some other key issues to look for are the miscellaneous admin fees, the exact calculation your new financing partner uses for their rate, and your ability to terminate the arrangement at no cost. That's important - you never want to be ' locked in’.

Some of these latter issues we mentioned can save you thousands and tens of thousands of dollars of a year, so we recommend you use the service of a trusted, credible and experienced Canadian business financing advisor to ensure you have the best method of factoring financing for your firm.


7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

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 .



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

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

' 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.
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