Business Cash Flow Financing Problems ? Here’s Some Solutions

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Escaping The Cash Flow Cycle Dilemma

Information on business cash flow financing problems and challenges for Canadian business . What solutions are available for working capital needs

Nothing is as entertaining to us sometimes as to talk to a new entrepreneur who aspires to ' get rich ‘in business. It's at that time that things just don't seem that complex; a firm just needs to make a product, sell it, and bank the profits. And when you think of it, that's not incorrect, it just exhibits a bit of inexperience in the perception of that simplicity, don't you think.


The only thing that is missing in that analysis is of course those three magic words, the ' cash flow cycle'. It's that cycle that will dictate whether your business cash flow financing problems are normal, or perhaps seriously in need of solutions .


Clients often mistakenly think that negative cash flows, those huge swings from positive to the negative are in fact a sign of failure. That's the farthest from the truth. It simply means you're ' in line ‘. In line? To get paid of course!


But the preparations you make when you are ' in line ' are what will truly make or break your business. Simply speaking you need cash flow financing solutions to cover those deficits. It is at those times that your firm is most vulnerable - because employees, suppliers, and lenders, (what a group!) may in fact doubt your ability to return to positive cash flow.


Canadian business owners turn to chartered banks to cover that deficit, when they can. The bank is in a position, when you qualify, to provide you with a business line of credit that will allow your cash flow cycle to continually repeat itself, from negative, to positive, and all over again.


But what if the bank is an inaccessible option for cash flow finance solutions? In some cases we have seen business owners solve their working capital problem by simply accessing supplier credit in a more aggressive manner. It’s not always immediately obvious to business owners that slowing down payables increases your operating cash flow. Of course it's a delicate balance though.


Another issue in working capital and cash flow financing challenges can be the seasonality of your business. Many businesses have very uneven profit earnings; for example they might break even or sustain financial losses during some parts of the year, and thrive at others.


When business in fact seasonal, experiencing the ' bulge ' as we might call it your bank or other lenders have the option of staying the course with your firm, or canceling credit facilities altogether .


We have shown that cash flow challenges are a business reality, spanning all types of businesses and different industries. With proper management and solutions those challenges can be overcome. It always gets back to the issue of cash flow and profits being recognized as different. Bottom line, your profits are on paper only until they are banked.


In Canada business owners have access to a number of business finance solutions for working capital and cash flow. They include traditional banking, asset based lending, receivable finance, inventory finance, P.O. finance, and tax credit monetization.


Speak to a trusted, credible and experienced Canadian business financing advisor who will ensure your business hasn't lost faith in its ability to come up with growth and capital solutions for success.

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

Click here for 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 .

' 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

What Mom Didn’t Teach You About Working Capital Business Financing

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The Real Scoop on Business Funding in Canada

Information on business financing and working capital and cash flow alternatives in Canada. It's critical to understand your business finance options

If you're like most of us Mom never really gave us a lot of advice on working capital ! That's why for such an important business financing subject we recently wrote on an older article in Canadian Business magazine that covered a total of 15 - yes that’s 15 ways) to finance your business . Perhaps these were the secrets of the Holy Grail that Mom never taught us, we thought?

The reality was that we had some strong comments and additional information on those 15 items, and we commented on 7 of them in the last article. Let's cover off those final items and hopefully get some real value on what Mom never told us about these things!

Under the category of ' government programs' the article talked about various federal and provincial programs or initiatives for business financing. Mentioned was the Community Futures program as well as the Canadian Youth Business Foundation. These are very narrow and segmented programs, in the case of the Youth Foundation, guess what, you have to be a youth, which hardly suits most business owner’s .Community Futures programs have tended to be rural in nature, have ad minimal funding allocated to them, and seem to have focused primarily on start ups that might generate employment.

Secondly, Mezzanine debt was referenced. This is of course essentially an unsecured cash f low loan provided by private finance firms. In many cases it focuses solely on cash flow as the repayment vehicle. The bad news on mezzanine debt is that it typically is available for transactions in excess of 5 Million dollars, which certainly doesn’t work for most small and medium business owner’s .For the record mezzanine financing rates are in the low to mid teens.

Private equity was out third source of capital. Typically these funds are provided by niche Canadian and U.S. private firms who focus on equity and convertible financing instruments that force the business owner to give up partial ownership .This isn't necessarily a bad thing if you get the working capital and business financing that you need, but you should absolutely be prepared to give up some ownership on these transactions, which are often quite substantial and take several months, if not longer, to complete.

Hey, let’s go public and have access to unlimited sources of capital. That’s the typical pitch made to Canadian corporations who consider this type of financing. The reality is that a true IPO listing on the TSX or Venture exchange in Canada requires a significant capitalization and track record. Ownership becomes diluted, and companies are forced into very strong levels of reporting and disclosure. Many of our clients have ' gone public' via reverse take overs of shell companies that had a listing, we have never seen this work satisfactorily, at least from a viewpoint of giving them unlimited working capital.

The Canadian Business article focused on the federal SRED program. Finally! A good one! An absolutely great program that provides billions of Dollars of capital for any firm in Canada that qualifies for research spending and adheres to the program guidelines. Sred claims can also be financed, similar to a receivable, as soon as they are filed, that supercharges the program even more from a working capital perspective.

VC money is often bandied about and sought by many corporations. Venture capital in Canada is struggling in the 2010 environment, any fundings seem to be going to firms that have been previously funded, and are getting additional capital (to stay alive?). Any Venture capital firm expects a high rate of return relative to the risk they are taking in financing your firm on an equity basis - in fact traditionally , as the article stated, the venture capitalists are looking for a 5 times return . Unfortunately for many Canadian business owners these types of fundings go to the sexier industry segments such as biotechnology, high tech, etc.

Well, that’s it. Hopefully we haven’t sounded too negative, but the general trend clearly are that the ‘ 15 ‘ options outlined in the original C B article clearly need to be grounded in a bit more reality for the average Canadian business owner and financial manager seeking capital . Speak to a trusted, credible and experienced business financing advisor who can provide you with an up to date realistic alternative on business funding.

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

Business is Great! But Why Are We Broke?

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We would probably all agree that a business owner and financial manager can be forgiven for wondering why a company whose business is 'great' could be a candidate for failure. Let's assume our last comment related to 'Sales.' We could however say the same for profit.







The answer is of course, it's the 'lack of cash;

as a business grows it uses more and more cash to hold accounts receivable and inventory. Yes, the company has a line of credit with the bank, but what happens when business owners find themselves up against the top of the line on a continuing basis. Bankers like it when a line of credit fluctuates - being at the top of the line all the time without those fluctuations portends a problem.

There is a top notch business case in the United States that illustrates our articles theme. The case involved a department store in the 1960's called the W.T. Grant Company. The basics of the story are as follows, and it's a classic case to illustrate out point.

What makes the Grant story more compelling is that the company literally helped to change the laws around financial reporting. Up to the time most companies simply produced a balance sheet and income statement. When the balance sheet had a lot of assets, which were growing, and the income statement had a lot of profit, well, what could possibly be the problem? Banks continued to lend to Grant on an increasing basis, and Grant started to lend to its customers for purchases on credit. Sounds good, right? Except for the fact that Grant ultimately filed for bankruptcy.

As accountants, lenders and investors started analyzing the company more closely it turned out there were lots of assets and profit, just no cash. The company had actually been burning cash, as the expression goes, for ten years. It was a textbook case of no working capital or the controls to recognize it. All those receivables and inventory were in very poor shape, receivables uncollectible, inventory un-sellable.

Although all investors and lenders still look at the bottom line profit, as much focus today is placed on cash flow. That's because cash flow is directly linked to overall profitability.

Typical signs of a business going down this path are:

- expansion and growing seem evermore difficult

- every situation seems to be a crisis

- management has no handle on the real financials

As the majority of businesses are financing by banking arrangements the company also starts missing loan payments with pressure from other creditors and suppliers not far off.

At this point assets are no longer growing; they are at risk of shrinking. Sales slow down, and money seems to be leaving the business, not coming into the business.

In summary, businesses need to focus on working capital, as much so in times of growth as times of a downturn. Business owners tend to rationalize the working capital problems by blaming the economy, a competitor, the dollar currency, etc. Blame is an easy way out, the solid business owner recognizes the fixes required, looks at internal matters such as financials and working capital, and exerts change in processes and controls. Losses won't necessarily put a business under, but we are assured lack of cash will.

Businesses with solid working capital and financial possibilities survive in bad times also!

Stan Prokop is the founder of 7 Park Avenue Financial. See http://www.7parkavenuefinancial.com. The company originates business financing for Canadian companies and is a specialist in working capital and asset based financing of all types. For more information or contact details please see:

http://www.7parkavenuefinancial.com/Home_page.html




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



Stan Prokop










Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698

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

Asset Based Lines of Credit – Canadian Financing Solutions

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What Would Happen To Your Business If You Had All The Credit You Need?

OVERVIEW – Information on asset based lines of credit . This alternative finance solution allows companies to achieve maximum liquidity when chartered bank lines are not available to the Canadian business owner/financial mgr

Asset based lines of credit are an alternative to Canadian chartered bank financing in Canada. It is certainly well documented that Canadian business, small, medium, and even large has experienced general credit tightening by our chartered banks here in Canada. Business owners and financial managers are forced to consider alternative financing solutions which are certainly not numerous in natures here in Canada. Let’s dig in.

So what in fact would happen if you had access to all the business credit you need to support sales growth .

Asset based lines of credit are absolutely one solution to the financing you might be searching for. Surprisingly many of our clients have not even heard of this type of financing, much less understand it.

Many customers are actually forced to consider an asset based lending solution because of the concern of owners, lenders, and suppliers that their business does not have the ability to finance the firm properly. When suppliers and other lenders act aggressively on the belief that your firm can’t meet its obligations problems ensue!

One key point we continually make with clients, and we would recommend this to everyone is that you should be aware of your financing alternative before you are forced to be aware of them. Simply speaking, it behooves you to learn about asset based lines of credit. Although the ‘ABL ‘ ( short form ) financing facility has been around for years some people still associate it with distressed lending – it is not just that . It also is not borrowing or taking on additional debt, which is certainly a relief to owners.

So what is it then? It is just the financing of all your current (and sometimes fixed) assets as total collateral for borrowing. In fairness most of that financing is done on receivables and inventory

Because you are in effect borrowing more than you ever could have in a traditional financing arrangement there is some additional reporting requirements when you borrow under an asset based line of credit. But frankly when we talk to customers they indicate this additional reporting often helps them to understand their business better.

It is interesting to note that many firms utilize this type of financing for a long period, and view it as an excellent source of financing, while some business owners and financial mangers view it as a bridge to solve temporary working capital and financial statement challenges. Generally firms considering asset based lines of credit can’t meet some of the ratios required for traditional banking and debt service, yet at the same time they have new contracts, need new assets, or more headcount , etc – with asset based financing being a solid solution to provide this additional capital .

In summary, asset based lines of credit are a business financing option. They are utilized in Canada by hundreds, even thousands of medium sized and larger firms. They are a form of non traditional lending that in reality is become mainstream. Asset based lines of credit provide the maximum working capital against your operating assets such as receivables, inventory and equipment...

Speak to a business financing advisor who has credibility, experience in this aspect of Canadian business financing. You can then determine that if it’s the right solution for your Canadian business.


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

Cash Flow & Working Capital Solutions In Canada : Solve Those Heart Stopping Business Challenges For Business Financing

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Your Business Has Cash Flow Problems : We Know Why And By The Way..

Here’s Some Solutions!

OVERVIEW – Information on working capital and cash flow financing solutions in Canada. Knowing how to both calculate and address business finance funding needs is key to long term financial success and health for your company

Working capital and cash flow solutions are recognized by business owners and financial mgrs as critical to long term success of their company. But how does the owner measure the needs and affects of a growing business as it pertains to finance pressures? Let's dig in.


The method by which the largest corporations in the world, and a small company measure collection activity, is called DSO, or 'Collection Period'. DSO stands for DAILY SALES OUTSTANDING.

Business owners can calculate this number very quickly, and we recommend it be done regularly, typically monthly, quarterly, and certainly annually. It's a great business measurement of your success, and lenders also focus in on this number also.

How is the DSO calculated? It's an easy calculation, as follows:
Accounts receivable / average daily credit sales
The answer is expressed in days - e.g. 'Our DSO is 40 days’

Again, we emphasize this is the traditional measure of success in monitoring a company's investment in accounts receivable. In our above example we said the DSO number was 40 days.

So what? Is that good or bad? Well, we benchmark against our selling terms. A great portion of industry revolves around payment terms to customers of 30 days. (We can hear most business owners saying 'I wish..."!) If our customers, on average are paying us in 40 days, and our terms are 30 days, you can see there is a ten day additional carrying of accounts receivable.


So the bottom line is that the longer the DSO the more focus management has to pay on account receivable collections. Business owners know all too well bills and employees are paid with cash, not profit!

In most businesses as sales go up many financial controls go down. That's unfortunate of course, but the fact is that many firms that have explosive sales growth tend to de-focus on DSO, as that measure is masked by sales growth and profit. Management and sales personnel are often favoring loosening credit standards to meet revenue and profit goals.

We point out that the DSO calculation is a reflection of one point in time - that's why it is important to monitor the overall trend of DSO on a longer term basis. Naturally all good businesses age their receivables, so they know how old they are and focus on past due accounts. When a company selling on 30 day terms has a significant investment in 60 and 90 day receivables we can very accurately predict that DSO quality is declining.

Naturally in difficult and recessionary times everyone is holding onto cash longer, and only management can focus on specific actions such as improving collections.

Numerous ' external' solutions are available to your company to fund cash flow needs - They include;

A/R Financing & Factoring

Inventory Finance

Non bank asset based lines of revolving credit

Bank credit lines

Tax Credit Financing

PO Finance


Bottom line? Focus on DSO improves working capital and overall business cash flow - so it's a valuable asset in any owners 'financial toolkit 'to working capital improvement.




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