Excuse Us For Getting Fresh... About The ABL Business Credit Line Revolver Facility. Asset Based Lending… Works. Here’s Why!

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Fresh counts, whether we're at the grocery store or in today's example, the business credit line known as the ABL revolver, aka ' asset-based lending '.


Canadian business owners and managers don't often realize that that they have more of a choice in business credit lines than they think. And when it comes to choice and flexible terms all of a sudden asset-based lending facilities are getting... you guessed it... popular!


That's of course great news for companies in Canada who are looking for alternatives for day to day operating financing. The traditional small handful of firms who offer this type of financing is growing to the point where you might not realize it, but there are people willing to fight for the ability to provide you with business credit. That's the type of competition we like.



Cost is always a factor in business financing, and there is a broad spectrum of pricing in Canada that is primarily based on two factors you can pretty well guess - facility size and credit quality.


In case you haven’t heard of this method of business credit it’s simply a comprehensive credit line based on the asset of your business - those assets include inventory, receivables, fixed assets, and land and buildings if that fits into your overall capital structure.


The Canadian business owner/manager can use the ABL revolver facility for a number of reasons, and they include day to day operating capital, restructuring, acquiring another firm (yes, buying your competitor!) and our favourite reason - growth! That growth reason is one of the most important because the asset lending line of credit allows you to grow your business without the constraints you face sometimes with chartered bank commercial facilities.




We're often asked about the ' size requirement ' in this type of business borrowing. In general, we tell clients that they qualify from a low of 250k all the way up to facilities in the many millions of dollars.



Quite frankly there isn’t really an upper limit, as long as you have the total assets to back up the facility. The reality is that ABL credit is very close to becoming ' mainstream' in Canada, and that’s a good thing we think.


To be honest many firms in Canada tend to use asset based credit lines as a bridge to other financings. This often means that the facility is used for a year or two, sometimes longer, as the business owner’s work towards the more traditional financing that is recognized in Canada, i.e. our banks. Many simply s are very comfortable with asset-based lending lines and choose to remain with ABL!

As we said, the bottom line is ' ASSETS ', so if your firm has them consider Canada's newest form of business financing, the ABL REVOLVER, whether you're looking for something new, or an alternative to your current situation.


Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your total financing needs when it comes to the business credit line.

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

Direct Line = 416 319 5769

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com

Click Here For 7 PARK AVENUE FINANCIAL website !



7 Park Avenue Financial provides value-added financing consultation for small and medium-sized businesses in the areas of cash flow, working capital, and debt financing.



Business financing for Canadian firms, specializing in working capital, cash flow, asset based financing, Equipment Leasing, franchise finance and Cdn. Tax Credit Finance. Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations.

' Canadian Business Financing With The Intelligent Use Of Experience '

ABOUT THE AUTHOR

Stan has had a successful career with some of the world’s largest and most successful corporations. He is an experienced

business financing consultant

.

Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.


Stan has over 40 years of business and financing experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in-depth, hands-on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.


Click here for the business finance track record of 7 Park Avenue Financial







Stan Prokop
7 Park Avenue Financial/Copyright/2020

Why Asset backed business loans And Asset Lending Make Your Business Financeable For Growth

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Make Asset Based Lines Of Credit Work For You Today

Information on how asset based lines of credit are the alternative to traditional bank financing. Supercharge your receivables and inventory financing ! Here's how!

When was the last time you really found business loans solutions that made total sense for your firm. We're thinking that you will say ' right about now!" after you finish hearing what we’re going to tell you about asset lending and asset back lines of credit in Canada.

Looking for understatements .?We always are. Here's one... ‘Business financing has never been more difficult to achieve than in the last couple years ‘! Now that’s an understatement. It seems to be all about problems and never about solutions.

What if there was a type of business financing in Canada that made all firms eligible yet at the same time gave you access to unlimited amount of credit , and only had one requirement . Too good to be true? Not necessarily. And what is that requirement our clients always ask, and the answer is ' assets ‘.

Canadian asset lending via a non bank asset backed line of credit makes business loans sense today more than it ever has before.

Let’s get to the core of the solution, and then you'' see how that solution can fix your current financing challenges. This type of business operating loan is a revolving line of credit that is secured by inventory, accounts receivable, and other balance sheet asset accounts as may be applicable. (Typically those might be equipment and real estate in some cases)

Is there a size that seems to make the most sense when you contemplate such a financing. We have found through experience that clients that require at least a 250k/mo operating working capital requirement are the best candidates for this type of financing. There is virtually no upper limit on asset based line of credit financing in Canada!

We always come back to the word ' assets' in discussing the availability of this type of financing. On a day to day basis you monitor your receivables, inventory, etc and simply draw down against them. As you can see the facility fluctuates every day simply because each day your firm bills new customers, collects receivables from past sales, and purchases inventory and converts that product into a sale and resulting receivable. That whole process is known as your operating cycle.

Asset backed lending in Canada is a secured form of lending that grows as you grow. That’s the main difference from a chartered bank line of credit, which typically has fixed limits and imposes all sorts of other conditions re rations, covenants, collateral, and personal guarantees on the business owners and managers. That’s now that asset lending via bank line of credit is about in Canada.

The key qualification difference here is that a large amount of the approval process for this type of facility revolves around verifying your assets such as the quality of your receivables, inventory turns, , and your ability to ' scorecard' your business via proper financial reporting every month around receivables and inventory .

Does our solution make sense? We think it does if you are in one of several categories, including not being able to access bank credit, not being able to access enough bank credit, and if your firm is in a growth mode and has assets that can be financing for working capital needs .

Speak to a trusted, credible and experienced Canadian business financing advisor who can guide you through the asset backed line of credit strategy for your firms survival, growth, and profit.






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

Direct Line = 416 319 5769

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com


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

Why Asset Backed Business Loans And Asset Lending Make Your Business Financeable For Growth

Information on asset backed business loans in Canada. Asset lending is a solid mechanism to achieve your growth financing and operating finance needs

When was the last time you really found business loans solutions that made total sense for your firm. We're thinking that you will say ' right about now!"

after you finish hearing what we're going to tell you about asset lending and asset back lines of credit in Canada.

Looking for understatements.?We always are. Here's one... 'Business financing has never been more difficult to achieve than in the last couple years '! Now that's an understatement. It seems to be all about problems and never about solutions.

What if there was a type of business financing in Canada that made all firms eligible yet at the same time gave you access to unlimited amount of credit, and only had one requirement. Too good to be true? Not necessarily. And what is that requirement our clients always ask, and the answer is ' assets '.

Canadian asset lending via a non bank asset backed line of credit makes business loans sense today more than it ever has before.

Let's get to the core of the solution, and then you'' see how that solution can fix your current financing challenges. This type of business operating loan is a revolving line of credit that is secured by inventory, accounts receivable, and other balance sheet asset accounts as may be applicable. (Typically those might be equipment and real estate in some cases)

Is there a size that seems to make the most sense when you contemplate such a financing. We have found through experience that clients that require at least a 250k/mo operating working capital requirement are the best candidates for this type of financing. There is virtually no upper limit on asset based line of credit financing in Canada!

We always come back to the word ' assets' in discussing the availability of this type of financing. On a day to day basis you monitor your receivables, inventory, etc and simply draw down against them. As you can see the facility fluctuates every day simply because each day your firm bills new customers, collects receivables from past sales, and purchases inventory and converts that product into a sale and resulting receivable. That whole process is known as your operating cycle.

Asset backed lending in Canada is a secured form of lending that grows as you grow. That's the main difference from a chartered bank line of credit, which typically has fixed limits and imposes all sorts of other conditions re rations, covenants, collateral, and personal guarantees on the business owners and managers. That's now that asset lending via bank line of credit is about in Canada.

The key qualification difference here is that a large amount of the approval process for this type of facility revolves around verifying your assets such as the quality of your receivables, inventory turns,, and your ability to ' scorecard' your business via proper financial reporting every month around receivables and inventory.

Does our solution make sense? We think it does if you are in one of several categories, including not being able to access bank credit, not being able to access enough bank credit, and if your firm is in a growth mode and has assets that can be financing for working capital needs.

Speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can guide you through the asset backed line of credit strategy for your firms survival, growth, and profit.


Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com


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


Article Source: http://EzineArticles.com/5604141

Business Lines Of Credit : Welcome To ABL Asset Lending

Business Credit Line Access – A Solution Nobody Told You About

OVERVIEW – Information on business lines of credit in Canada. The lesser known alternative ‘ ABL ‘ solution is the asset lending fix for working capital needs

Business lines of credit are one of the most solid tools to help companies grow revenues and hopefully...profits. Asset lending , known as ' ABL is the credit line that may in fact give you ' full time' assistance to cover your working capital and cash flow needs. Let's dig in.

The necessity for ongoing cash requirements has business owners always looking ahead to how their business can remain ' liquid’. They are looking for that cushion of help when they really need it. Companies seeking SME Commercial Finance understand very quickly that the bias of banks seems to lean towards larger corporations - while they toil to source financial resources to meet growth needs.

As we have said in the past, thousands of firms in Canada find themselves ' underbanked’. That situation forces them to look at alternatives to traditional Canadian bank financing.

In some case clients we meet are in fact being asked to, shall we say, ' exit ' their bank relationship. At the other end of the spectrum the company is growing so fast traditional financing is unable to meet the needs. In both these cases Asset Based lending offers the solution, albeit almost always at a higher cost and terms.

Those companies wishing to return to prosperity though must consider all options, and the ABL credit line, typically from a non bank commercial finance company is almost always the way out. Naturally some planning is required along the way, including hopefully cash flow and sales projections.

In the majority of cases, ( but not all ) Asset line of credit lenders are looking at ' tougher/more difficult' transactions Here they are focusing on the true collateral in the business - inventory, receivables, fixed assets, and of course sales prospects. In some cases business owners are looking to dramatically increase the ' personal guarantee' aspect of their current financing arrangements.

In almost all cases asset based lines of credit offer ' flexibility ‘. Owners and mgrs utilizing the asset based credit line are focusing on growing the company and ' righting the ship ' from a financial perspective. In some cases these credit facilities can easily finance a merger or acquisition. The real competitiveness in the ABL market today allows companies to choose from a number of firms offering this facility.

If you're looking for a real world focus on business financing intelligence around financing solutions such as ABL business lines of credit seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with you finance needs. who can assist you with you finance needs.









Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info / Contact :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS LINES OF CREDIT & ASSET LENDING EXPERTISE



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

Business Loans And A Line Of Credit : Checking Out Asset Lending Is Worth It

The Unboxing Of A New Type Of Business Credit Line

OVERVIEW – Information on ‘ ABL ‘ – The asset based lending solution for a corporate line of credit . Not all business loans and revolving facilities are created equal and offer the same benefits . Here’s an alternative solution that makes sense for thousands of business owners in Canada

Business loans , when it comes to a line of credit provide owners/financial managers with the challenge of financing working capital needs. While the majority of companies in the SME sector want to rely on Canadian chartered banks for these needs ' Asset Lending' has emerged as an alternate - and quite often easier to achieve. We're ' unboxing ‘ABL (asset based lending) for your consideration. Let's dig in.

The easiest way to think of an asset based credit line is to simply take a look at your balance sheet. The total assets you have in receivables, inventory and equipment are essentially your ' box' of assets that are margined under a new separate non bank line of credit facility. ( While banks also offer this type of lending more often than not it's for transactions in the 5-10 Million dollar range and up, obviously eliminating many firms in the SME sector who typically have revenues in that range, not assets!)

So while our banks focus on what they do best - addressing cash flow and risk and outside collateral and guarantees, the asset lending model looks to the main source of fluctuating repayment - your sales and your assets. (Sales create receivables) The majority of asset loans tend to reflect a higher amount of risk as companies in the SME sector ( Most define this as firms with under 25 Million $ in sales ) typically present a higher risk rating when it comes to overall credit quality .

While asset based lending solves problems of high growth and erratic profits and balance sheet structures it also can address problems such as financial distress. Notably it is also used in many situations in acquisition financing, as it allows you to monetize the assets of the target firm.

How does the asset lender offering these types of business lines of credit then manage the overall risk - allowing them at the same time to offer higher levels of financing than you typically could achieve from a bank? The answer - specialized knowledge of the true value of your assets as well as placing a higher value on more regular reporting of asset categories such as a/r, inventory , and equipment values .

Equipment becomes a component of your credit facility, and is almost always subject to an appraisal. Rarely will a bank lend against fixed assets as a part of your revolving credit line - the asset based lender will.

Successful business owners/mgr's will always be open to checking out newer forms of financing that might assist in growth and profits. If you're looking to ' unbox’ new types of business credit alternatives seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your 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 . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS LINE OF CREDIT AND LOAN EXPERTISE



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

Asset Lending In Canada: A Multiverse Possibility On The Newest Business Revolving Line Of Credit

While You Were Out A New Kind Of Business Credit Line Emerged

OVERVIEW – Information on asset lending as the newest form of a business revolving line of credit . Here’s why this works .. and how

Is a business revolving line of credit the only one of its kind in Canada, or the universe for that matter? The answer is a resounding ' no '! - Apparently it’s really a ' multiverse '! where asset lending has created a unique version of business borrowing for revolving credit facilities. Let's dig in.

Asset lending is somewhat of a ' stealth ' type of borrowing in Canada - unbeknownst to many it has become extremely popular. So in our parallel universe we have the Canadian chartered bank line of credit as well as the 'ABL' (Asset Based Lending ‘) facility. While our banks choose to focus on a combination of cash flow, balance sheet proportions, and evidence of good profits the ABL credit line chooses to keep it simple - it's all about your assets - namely a/r , inventory, and fixed assets; any single or combination thereof .

The asset based line of credit also distinguishes itself in that it can also be used as the base financing for purchasing a business, merging with one, or reviving one via a turnaround. Larger retailers, who typically only carry inventory as their financeable asset, are excellent candidates for asset lending as one can imagine.

In the U.S. for example some of the largest and most successful well known corporations have turned to asset based lending as their ' credit line of choice ‘. It should be mentioned that for larger successful companies there is almost no negligible difference in rates/financing costs when benchmarked against bank lending.


However, in the SME COMMERCIAL FINANCE area in Canada these facilities, while providing more liquidity come at a higher cost. So for the business owner/financial manager its all about balancing liquidity needs and access to capital versus cost of financing.
Similar to bank facilities the ABL credit line is typically renewed on a yearly basis; although some companies prefer (or are asked) enter into multi year commitments for the financing.


How do commercial asset based lenders justify this type of borrowing when it comes to their own returns and risk? The answer is quite simple - as one top expert put it, they are ' fanatical' about asset quality and turnover, as well as putting in more disciplined reporting. This offsets the need for covenants, ratios, and outside collateral, which is the staple of commercial bank lending in Canada.

Typical asset lending provides a borrowing margin of 90% on receivables and a much higher level of borrowing power on inventories and fixed assets. So, in case you haven’t figured it out your business has access to different solutions in your business revolving line of credit needs. Whether it's traditional bank financing or credit line achieved via asset lending seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you navigate the financing universe, or should we say ' multiverse'.





Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS CREDIT LINE EXPERTISE





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '

Stan Prokop

Excuse Us For Getting Fresh .. About The ABL Business Credit Line Revolver Facility . Asset Based Lending … Works . Here’s Why!

The Asset Based Line Of Credit Is A Solid ‘ Day To Day ‘ Business Financing Option

Information on the ABL revolver, the business credit line that combines asset based lending with a working capital solution.






Fresh counts, whether we're at the grocery store or in today's example, the business credit line known as the ABL revolver, aka ' asset based lending '.


Canadian business owners and managers don't often realize that that they have more of a choice in business credit lines than they think. And when it comes to choice and flexible terms all of a sudden asset based lending facilities are getting... you guessed it... popular!

That's of course great news for companies in Canada who are looking for alternatives for day to day operating financing. The traditional small handful of firms who offer this type of financing is growing to the point where you might not realize it, but there are people willing to fight for the ability to provide you with business credit. That's the type of competition we like.

Cost is always a factor in business financing, and there is a broad spectrum of pricing in Canada that is primarily based on two factors you can pretty well guess - facility size and credit quality.

In case you haven’t heard of this method of business credit it’s simply a comprehensive credit line based on the asset of your business - those assets include inventory, receivables, fixed assets, and land and buildings if that fits into your overall capital structure.

The Canadian business owner / manger can use the ABL revolver facility for a number of reasons, and they include day to day operating capital, restructuring, acquiring another firm (yes, buying your competitor!) and our favorite reason - growth! That growth reason is one of the most important, because the asset lending line of credit allows you to grow your business without the constraints you face sometimes with chartered bank commercial facilities.


We're often asked about the ' size requirement ' in this type of business borrowing. In general we tall clients that they qualify from a low of 250k all the way up to facilities in the many millions of dollars.

Quite frankly there isn’t really an upper limit, as long as you have the total assets to back up the facility. The reality is that ABL credit is very close to becoming ' mainstream' in Canada, and that’s a good thing we think.

To be honest many firms in Canada tend to use asset based credit lines as a bridge to other financing. This often means that the facility is used for a year or two, sometimes longer, as the business owner’s work towards the more traditional financing that is recognized in Canada, i.e. our banks. Many simply s are very comfortable with asset based lending lines and choose to remain with ABL!

As we said, the bottom line is ' ASSETS ', so if your firm has them consider Canada's newest form of business financing, the ABL REVOLVER , whether you're looking for something new, or an alternative to your current situation.

Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your total financing needs when it comes to the business credit line.

7 PARK AVENUE FINANCIAL
CANADIAN ASSET BASED BUSINESS LINE OF CREDIT EXPERTISE




Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details :

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

Why Asset backed business loans And Asset Lending Make Your Business Financeable For Growth

When was the last time you really found business loans solutions that made total sense for your firm. We're thinking that you will say ' right about now!" after you finish hearing what we’re going to tell you about asset lending and asset back lines of credit in Canada.

Looking for understatements .?We always are. Here's one... ‘Business financing has never been more difficult to achieve than in the last couple years ‘! Now that’s an understatement. It seems to be all about problems and never about solutions.

What if there was a type of business financing in Canada that made all firms eligible yet at the same time gave you access to unlimited amount of credit , and only had one requirement . Too good to be true? Not necessarily. And what is that requirement our clients always ask, and the answer is ' assets ‘.

Canadian asset lending via a non bank asset backed line of credit makes business loans sense today more than it ever has before.

Let’s get to the core of the solution, and then you'' see how that solution can fix your current financing challenges. This type of business operating loan is a revolving line of credit that is secured by inventory, accounts receivable, and other balance sheet asset accounts as may be applicable. (Typically those might be equipment and real estate in some cases)

Is there a size that seems to make the most sense when you contemplate such a financing. We have found through experience that clients that require at least a 250k/mo operating working capital requirement are the best candidates for this type of financing. There is virtually no upper limit on asset based line of credit financing in Canada!

We always come back to the word ' assets' in discussing the availability of this type of financing. On a day to day basis you monitor your receivables, inventory, etc and simply draw down against them. As you can see the facility fluctuates every day simply because each day your firm bills new customers, collects receivables from past sales, and purchases inventory and converts that product into a sale and resulting receivable. That whole process is known as your operating cycle.

Asset backed lending in Canada is a secured form of lending that grows as you grow. That’s the main difference from a chartered bank line of credit, which typically has fixed limits and imposes all sorts of other conditions re rations, covenants, collateral, and personal guarantees on the business owners and managers. That’s now that asset lending via bank line of credit is about in Canada.

The key qualification difference here is that a large amount of the approval process for this type of facility revolves around verifying your assets such as the quality of your receivables, inventory turns, , and your ability to ' scorecard' your business via proper financial reporting every month around receivables and inventory .

Does our solution make sense? We think it does if you are in one of several categories, including not being able to access bank credit, not being able to access enough bank credit, and if your firm is in a growth mode and has assets that can be financing for working capital needs .

Speak to a trusted, credible and experienced Canadian business financing advisor who can guide you through the asset backed line of credit strategy for your firms survival, growth, and profit.
-


Stan Prokop - founder of 7 Park Avenue Financial -

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 6 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :

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