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A lot is written about why business fail, or stop growing ; we often hear that ' lack of good or experienced management' is the major cause, but trust us poor , or poorly timed working capital management and financial solutions are a true close second!
The good news, as we said though, is that someone in fact does ' have your back ' when it comes to those cash flow solutions in Canadian business financing. - In effect you do have a ' roadmap ' to business finance that you may not have thought you had.
These days though the reality is that you have traditional finance methods, and ' alternative ‘. Alternative is not as esoteric as you might think, in fact a good way we explain that to clients is that more often than not you're dealing with commercial non bank finance companies that are not ' regulated ' in that manner that are Canadian chartered banks, insurance companies, etc. And they have solutions to your challenges.
For small and medium sized businesses you simply need a story, and proper financial statements which often can be complimented with a good business plan or executive summary.
Every company in Canada is somewhere along what we could call the ' maturity spectrum '. Firms that are a bit larger or more established have access to some fairly heavy duty solutions which might include angel investors, some private equity, junior capital pools, and even modest forms of venture capital.
The reality is though is that for the majority of firms its the management and financing of their assets and growth that is the crux of cash flow solutions, and without this management of working capital during the sales and growth of sales period that make allows the Canadian business owner to make the transition from dream to reality when it comes to business success.
We often think that clients can be forgiven for thinking there is not a lot of
We never forget the ultimate irony that your firm might have a better chance in slower economic times to get something done simply because in those boom times there’s too many deals and opportunities, and everyone is busy .
Financing a business comes down to 6 alternatives.
- You fund it yourself,
- You borrow funds,
- You sell assets,
- You finance internally through growth and management of assets,
- You are given funding, via grants, etc,
or you sell equity.
Our focus is really # 2; borrowing funds... actually monetizing assets. Those solutions as we said, are more plentiful than you think - receivable financing, equipment leasing, working capital term loans, asset based lines of credit that are non bank in nature, tax credit monetization, and securitization of sales.
Someone in fact does have your back in Canadian business cash flow solutions - that person just might be an experienced Canadian business financing advisor who has credibility and experience. Consider reviewing the above mentioned solutions in the context of both surviving and growing your business in Canada.
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
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
