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Alternative Business Funding Via Non Bank Loan Solutions
Alternative business funding allows many smaller firms to.. get big! For both sales growth and profit margins it's essential to have the proper business financing in place - most business owners and financial mgrs recognize that.
Is the bank the only option . Categorically no, although most business owners for whatever reason view the bank as the only solution - only to be rejected for a variety of reasons, one of which is actually ' size ' believe it or note . While our Canadian chartered banks do a great job in helping to finance large firms they have numerous criteria in place that your firm might not be able to meet.
Banks often focus significantly , especially in the SME sector ( small and medium enterprise ) on the personal credit history of owners and principals. They look for solid and high credit bureau scores , and low scores can impact your firms ability to get a loan.
Alternative funding sources allow business owners to position the business as the major reason to achieve credit approval. Business funding alternatives become more accessible in alternative finance because it's the business under the microscope , not so much the owners.
In some cases banks might even determine an entire industry, example oil , autos etc may for a time be... ' out of favor ' . Canadian business history has plenty of examples of that. Occasionally banks might deem that a major customer of your firm actually creates a 'concentration ' risk.
In today's environment business capital for cannabis firms is in high demand. Banks have been reluctant to address all facets of cannabis financing , although this has ' slowly ' , and we do mean ' slowly ' changing . Alternative funding sources, via non bank commercial finance companies provides finance solutions .
Cash flow is a major factor in assessing business loan potential . Business owners and their financial mgrs should be positioned to address the ins and outs of cash flow, ie sales growth, seasonality, collections, payables mgt etc . Many alternative funding solutions allow you to grow revenues when traditional bank financing is not available .
Solutions for More Business Capital Via Alternative Business Funding Companies
Non bank receivable financing
Inventory financing
Purchase Order Finance
Non bank asset based business credit lines
Tax Credit Financing
Sale leaseback of owned assets
We think you get the picture and you don't necessarily have to take on ' debt ' to address capital and cash flow needs, as many of our above noted solutions simply monetize assets or sales.
Be prepared when you are approaching an alternative business funder - financials, a business plan and info on current lenders is a great start.
Bottom line ? Your business has lots of funding options, traditional and alternative . Seek out a speak to trusted, credible and experienced Canadian business financing advisor with a track record of success.
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
