The Inside Scoop On Canadian Equipment Leasing & Asset Financing

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Three ' Must Know ' Things About Equipment Leasing

Information on equipment financing solutions for Canadian business . Canadian leasing solutions can solve all your asset financing needs if you know how it works best

Financing for equipment is sometimes a challenge for Canadian business owners and financial managers. What if you had a solid understanding of 3 key elements of Canadian equipment leasing and financing. Let’s explore some key information around three critical elements of lease financing –



1. What can be financed?

2. What are the type of leases and rates available to my firm?

3. What is the best way to obtain a prompt approval at the best rate, terms and structures for my business asset acquisition?



So what assets can be financed in Canada? The reality of that answer is that almost every business asset can be financed, and moreover, two other key points need to be made. In many cases even intangible assets can be financed – a solid example is software for your business, or even the additional add on requirements that come with many asset acquisitions – these might include installation, warranties, maintenance, shipping/delivery, etc. And, furthermore asset financing in Canada definitely includes the financing of used equipment, which is a major part of the Canadian equipment financing industry. Millions of dollars of used equipment, purchased here or in the U.S. or other international locations are financed annually. We add two critical cautionary items of note here – in certain cases and appraisal or asset valuation or inspection might be required if the asset is new , and in many cases a down payment might be required on a used piece of equipment . These two points would still clearly not negate the major benefits of financing a piece of used equipment. Why used? Simply because many assets in many industries still have a very useful economic life after a typical usage of 3-5 years, for example thing production equipment, etc. In many instances, especially with the use of the internet and auction sites pricing on used equipment might be exceptionally favorable.

One other solid tip is to get your lease financing approved in advanced, as this might allow you to negotiate a better price with the vendor given you are pre approved and the vendor knows they will be paid directly from the leasing company.

Let’s move on to our second point, which is simply that there are some critical technical aspects to lease financing that are very important for business owners to be aware of . First of all you should ensure that you understand there are two types of lease financing available – to keep it simply we will simply call them, as the industry does:

Capital leases

Operating Leases

Which one is best for your firm? We always dislike saying to our clients ‘it depends ‘but the reality is that the choice of lease type should be driven by your final motivation with the asset. By that we simply mean that you need to determine, in advance! , if you intend to own the asset at the end of the lease, or if you simply want to use and return it after an agreed upon amount of time, usually 2- 5 years, although shorter and longer terms might apply (that’s the flexibility of lease financing).

Choosing the type of lease you pick will significantly impact how the lease is carried on your books, and also it is a critical factor in driving pricing. Operating leases will always be priced with a lower monthly payment as the asset is returned to the lessor at the end of the lease. Clients ask us ‘what if we later determine the asset still has a useful economic life and we wish to keep it? Again, here is where the flexibility of lease financing comes in, because you are allowed in an operating lease to pick one of three options at end of term – you can return, purchase, or upgrade. Actually there’s a fourth option, which is simply to agree to extend the lease for a pre agreed upon amount of time.

Let’s move on to our final point, which is simply – You have made the decision to acquire an asset through lease financing. How do you go about that in Canada? We advised clients to work with a credible, experienced, and trusted lease financing advisor - even basic assistance around the final rate, term, and structure could save you many thousands of dollars in payments. Or at the same time, negotiating on your behalf any critical areas such as down payment, limited personal guarantees, or end of lease options can all be the make or break point in Canadian lease financing success. Additionally, the lease financing industry in Canada is very fragmented and consists of captive firms tied to manufacturers, independent Canadian and U.S. firms, and very specialized firms that only do or finance certain things.

In summary , arm yourself with some critical knowledge of lease financing and you will be rewarded with the knowledge that you have chosen the best financing method for the acquisition of new and used equipment and business assets 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

What if… You Could Negotiate the Best Rates and Terms for Equipment Lease Financing in Canada ?

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Equipment Financing Negotiation Basics

Information on equipment lease financing in Canada. The ability to understand equipment loan basics around cost and structure is a key factor in successfully acquiring new assets

Canadian business owners and financial managers want to know they are getting a good deal when they enter into an equipment lease financing transaction. In a perfect world it would be nice to be an expert in all things we do – reality says that is not the always possible.

However in leasing finance and equipment leasing some key basic knowledge can put you way ahead of the game. Let’s examine some of those key basics. By ensuring clients have some of the basics under their belt, so to speak, can alleviate their concerns that equipment leasing is complex and technical. It can be, but it doesn’t have to be.

When you are entering into an equipment lease financing transaction you should be aware that you have the ability to enter into one single lease, or, if you choose, you have the option of entering into one master lease. The single lease application in Canada is the most basic form of equipment financing. Utilizing a single form application and lease you should use this form for smaller transaction – a good limit on that size of transaction is 50k and under.

If your firm is a regular leasing prospect and has the ability to source and work with a trusted partner you should consider a Master Lease scenario. This document allows you to acquire future equipment while utilizing the same terms and conditions you have negotiated once up front. That clearly saves you time and some expense, as well as solidifying the relationship with your leasing partner.

You should ensure you understand some of the key points that affect the overall benefit of a solid lease rate, term, and structure. Some of these key points are warranties, how tax is paid and calculated, and your maintenance obligations.

When you enter into a Master lease, which is generally recommended as an investment in future financing, you should understand that your equipment leasing company has immediately gained a significant advantage in that all their competitions doesn’t have such an agreement in place with your firm. For that reason you should ensure you are getting a competitive rate.

In meeting with clients we continually feel they don’t full understand how lease pricing works, as well as how to get the benefit of something that approaches the best possible pricing. The reality is that some key factors totally influence your overall pricing and your ability to present those factors in the best light ultimately leads to successful lease negotiation on the part of your firm, the lessee.

Those factors include you years in business, financings you have in place with other lenders, any references you can provide, as well as on occasion the general credit and financial stability of the owners of your firm. Larger transactions require some due diligence on your financial statements, as well as analysis around historical and projected cash flow – i.e. your ability to repay the equipment lease!

We strongly recommend that clients solicit the help of a trusted, credible and experience equipment leasing advisor who can guide them through the basics of successful lease negotiation, with an emphasis on financial and other benefits that accrue to your firm when you complete a equipment lease financing transaction .

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

Equipment Leasing in Canada

Solutions for Commercial Equipment Acquisition

Information on Canadian equipment leasing and financing options. The ability to finance commercial equipment / asset needs is critical to growing your business

Canadian business owners and financial managers quickly realize the benefits of lease financing when it comes to paying for equipment acquisitions. Whether your firm is a start up or an established company many of the benefits of lease financing will apply to your firm. One of those key benefits is simply the fact that you realize that somewhere in the near future you will have to replace that asset, and that is not the time when you wish to have a burdensome asset on your books that you must fully replace with valuable cash and working capital.

In Canada any asset class can be financed, including in some cases even soft costs or non tangible assets. Computer software might be a good example.

Cash flow is what most business owners are most cognizant of, and you quickly realize that paying for the use of an asset over its expected useful life makes much more sense that writing a large cheque for an asset that effectively depreciates the minute you purchase it. As consumers we can relate to that statement when purchasing a vehicle for our selves or our family!

Business owners have the luxury, when lease financing, of strutting a financial vehicle around the ultimate use of the asset – By that we mean you can have a significant say in the rate, term, and type of lease you enter into.

Clients always ask us about the rate in lease financing, as in some cases they have heard that leasing is a more expensive option to a bank loan or outright cash purchase. Textbooks have been written on that whole subject – but let’s try and summarize that whole textbook into a few common sense statements! They are as follows –

Using up bank credit lines for an equipment asset strategy can be a bad decision based on your overall ability to borrow in the future and the covenants the bank lender might place on your company.
Writing a cheque for payment in full of a depreciating asset, and depleting your cash on hand is never a recommended strategy for our clients
If you could match the benefits and the useful economic life of the asset to monthly cash outlays why wouldn’t you take advantage of that option
Many business owners prefer to have multiple sources of business financing – they don’t want all their ‘eggs in one basked ‘so to speak – Wouldn’t your firm want to do that?



Canadian business owners can choose from two types of leases –

Lease to own

Lease to use (commonly called an operating lease)

We recommend that clients view all asset acquisitions as a potential form different financing strategies. Work with a trusted, respected and credible advisor to ensure you understand that the rates, terms and structures reflect your overall credit quality and the type of lease that makes most sense for you Canadian asset acquisition . That’s a solid business financing strategy.

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

Working Capital Business Financing Sources

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Here's The Best Advice We Can Give You On Financing Your Business

Information on working capital and business financing sources and solutions in Canada

Working Capital and business financing in general is available to Canadian business owners and financial managers in a number of ways. When we speak to clients about their needs and answer their questions in this area it is simply a case of pointing out all the alternatives available, and discussion what features and benefits of each type of facility make the most sense for their own particular firm and industry.

The majority of working capital loans and financing alternatives are on a secured basis, but that is not the case 100% of the time. With reasonable good financial health and equity in your firm a cash working capital loan can be achieved at solid rates, terms and structures. This is general, is not the norm though, as most lending to small and medium businesses in Canada is in fact secured in some manner.

For larger corporations unsecured cash flow loans are more often than not called ‘ subordinated debt ‘ and they are term loans structured around the analysis of the company’s ability to repay based on future cash flow forecasting . For smaller firms it is simply a working capital loan that might have some covenants attached relative to ongoing profits and cash flow metrics. Again, we can summarize these offering by saying that cash flow unsecured loans are generally only available to firms that have very reasonable financial health and prospects.


In certain cases the working capital and cash flow loans we have described above often relate to the acquisition of a business, with the funding provided to acquire the business.

A more common ‘working capital loan ‘is in effect not a loan but the financing of receivables and inventory. In effect your firm leverages these assets and turns them into ongoing working capital as you create inventory and receivables on an on going basis.

Many business owners come to us and ask if there are ‘government loans ‘for working capital. The reality is that there is not anything available in Canada in that regard. The most common, successful and popular government loan program is called the CSBFL program; thousands of businesses utilize this loan. However, as we have noted, it does not provide working capital, and some business owners are dismayed when we advise them that this loan program only covers three items – equipment, leasehold improvements, and real estate.

When looking for a working capital solution there are some critical factors to assess and address. Many firms we meet can in fact cure their own working capital solutions by affecting a better turnaround in their receivables and inventory. Those are the key working capital components of any firm. If your firm has been self financing then you should consider a working capital or an invoice discounting facility. This injects immediate working capital into your company, and is not treated as a loan on your books, you are simply converting A/R, and in some cases inventory, into immediate cash.


Many business owners we meet simply don’t do even basic cash flow planning. A very simple template you can set up can easily show you what cash is coming in over the next three months, for example, and you already know your fixed and variable expenses, it’s as simple as that.

Working capital needs can be either short term or longer term in nature. The cash working capital term loan we spoke of earlier is a long term solution for permanent working capital. On the other hand the conversion of your receivables and inventory via a working capital facility via a non bank is immediate short term cash flow.

Work with a trusted, credible, and experienced advisor in this area. Assess your needs, evaluate the solution, and focus on implementing a facility based on the benefits that are derived from that type of financing. That is cash flow and working capital planning 101!




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

Commercial Equipment Lease Financing Solutions For Acquiring Assets Your Business Needs

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Looking For The Best Commercial Equipment Lease Solutions for Canadian Business?

Information on commercial equipment lease finance options for business owners/financial mgrs

Canadian business owners and financial managers continually are searching for the best equipment financing structures for their asset acquisitions. Commercial equipment lease solutions offer the benefits those business owners are looking for. The only challenge of course if to navigate the minefield of knowing who to deal with, what criteria are required to get approved, and what rates and structures and overall terms best suit your firms needs .

Asset acquisition of new equipment is one of the most logical ways of staying ahead of the competition and technology curve – whether your firm is in the high tech industry or at the opposite end of the spectrum as one of our clients are, manufacturing nails for the lumber industry and selling into big box stores .

Not only are those asset acquisitions expensive, they run the risk of utilizing too much of your valuable working capital and cash flow. You want the benefits of use of the asset, but not the inherent ownership risks – that’s why leasing has always been the most valuable method of acquiring assets for your business.

The benefits of lease financing are often touted – they seem quite logical – you have minimal cash outlay, you are working within defined operating budgets, and if you are savvy about constructing your lease properly you can avoid the issue of asset obsolescence, which is the greatest fear of many business owners – they don’t want to outlay significant cash and working capital for assets that will be obsolete and not relevant to their business model.

Many clients tell us that both their accountants and lawyers recommend lease financing solutions for all those reasons, they also point out the equipment financing can , with a properly prepared business case and application, be prepared in days .


As we pointed out previously the benefits of lease financing and commercial equipment acquisitions (whether it be computers or plant equipment) are significant. The everyday business challenge is simply – “”How do I effect this type of solution? Who can I talk to for advice in rates, terms and structures?””


We recommend that all clients speak to a trusted, credible and experienced commercial equipment financing specialist who can guide them thru the minefield of Canadian lease financing. By properly preparing your financial statements and business application, and being very focused on the type of lease you want (there are two types – capital and operating) you can achieve the benefits you want in a very short period of time. We have not really discussed that quite often equipment financing is the only alternative to bank term loan financing, and understanding the benefits and requirements of each of those proposed solutions requires solid advice and guidance .

Focus on cash flow, benefits of the asset acquisition, and the structure and payment terms that will allow your firm to increase revenue and profits. That’s the definition of solid commercial equipment lease solution 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

Equipment Financing : The Solid Financing Alternative For Canadian Business

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Anxiety Attack When It Comes To Acquiring Business Assets? Problem Solved !

Leasing Equipment in Canada continues to be a major source of Business financing for Canadian business owners and financial manager. Many hundreds of millions of dollars was invested during the past year in plant equipment, computers, software, and other capital assets purchased by Canadian firms who are optimistic about the future.

The average Canadian cannot probably fully appreciate the breadth of assets that are financing by leasing companies in Canada. From aircraft, to computers, to office equipment, to mining and plan machinery, if it was a revenue producing asset Chief Financial Officers, business owners, and operations mangers all probably considered lease financing as an alternative to purchasing the asset outright.

There are many accounting and financial aspects to lease financing in Canada. Capital leases , which are leases presuming your firms ownership of the asset are recorded on balance sheets, operating leases are buried deep in the footnotes of your firms financials – in those cases you are using the asset with , generally speaking, no intent of owning the asset. With changes forthcoming in world wide accounting treatment of leases more and more firms seem to be opting for capital lease transactions.

One of the major beneficiaries of lease financing is IT leasing, aka computer leasing .As the Canadian economy continues to slowly improve after a somewhat disastrous 2008 and 2009 more and more firms are upgrading computers and technology . It is not surprising that in one of the fastest areas of ‘asset aging ‘, i.e. computers that more and more firms wish to upgrade assets.

When we start to consider the huge amount of capital expenditure that is involved in purchasing computers it makes perfect sense that business owners, ‘ IT ‘ managers, and chief financial officers reflect on lease financing as a solid solution for this asset class. Although computer and other related technologies (i.e. telecom) continue to drop in price and provide more performance at the same time the current low rate environment, in addition to cash flow savings, make lease financing a strong business financing choice. As we have said many times in the past, as a general rule you want to use a computer, not own one.

In many cases it is the manufacturers themselves that provide major incentives for the customer to finance technology via the equipment lease. This makes sense of course given they retain a certain amount of account control and influence on future purchases and upgrades.

Naturally prudent business owners and financial mangers will want to ensure they clearly understand the lease rates, their ability to purchase, upgrade or return the equipment, as well as having a solid knowledge of any hidden fees with respect to maintenance, returns at end of lease, etc.

Canadian business owners who place a strong importance on understanding all their financing options with respect to asset financing and leasing should ensure that they retain the services of a trusted an experience lease advisor who can ensure they will receive optimal rate, terms, and structures in their asset financing needs .



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