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Opportunity Lost – Is Your Company Missing Out For Lack Of Business Financing
Business financing in Canada often faces the challenges of ' opportunity lost ‘. Business Growth finance and loan and finance solutions are a part of your company ' growing up ' - so we're examining those ' grown-up ' solutions that can accelerate your small business success. Let's dig in.
HOW DO YOU FINANCE BUSINESS GROWTH - In the real world!
At 7 Park Avenue Financial, we get that one a lot. Clients have explored their own personal finance situations, friends and family, crowdfunding, bank loans, angel investors, government grants, and even VC and private equity firms - all to no avail. Entrepreneurs are always looking for the holy grail of business loans for startups. So let's get ready to explore ' real world ' finance options to solve those business needs with a financing program that works in your industry.
BALANCING EQUITY, DEBT AND GROWTH IS A MAJOR BUSINESS CHALLENGE
Naturally, it's a fine line between taking on too much financing versus the ownership capital in your business. Nevertheless, it's every owner/mgr/entrepreneur dream to not miss out on growth opportunities. Again it's that balancing act we've referred to in the past - being too aggressive in growth or simply...missing out and watching your competitors leapfrog you, while all the while ensuring you can achieve an interest rate and overall cost of financing that benefits the firm and matches your business credit profile .
In truth, short term financing goals are probably easier to achieve than long term fixes. But if you take on the right type of debt and manage your cash flow and finances well opportunities abound.
BUSINESS LOANS AND MONETIZING ASSETS HAS A LOWER COST THAN NEW OWNER EQUITY
In some cases, particularly for start-up and earlier stage companies debt financing and monetizing existing assets is in fact simply a more realistic solution than searching for new owner equity capital when it comes to the challenge small business owners face in raising business capital and finance.
It's important to note also that the amount and type of business funding loans are also sometimes somewhat dictated by the type of industry you are in and how capital intensive it is. Also, as your company grows within your industry numerous types of financing emerges as being more applicable.
Loan and growth finance solutions that are a bit more ' alternative ' in nature include:
A/R Financing
Inventory Loans
Access to Canadian bank credit
Non bank asset-based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans Or Term Loans
Royalty finance solutions
Government Of Canada Small Business Loan Program - Guaranteed federal business loan -one of the best financing programs available - Call us at 7 Park Avenue Financial to ensure you are working with the right financial institution
More established businesses with track records of achieving some level of financial success already include:
Bank operating credit lines/term loans
Equipment financing
Unsecured cash flow loans
Working Capital term loans
Knowing what type of capital all these solutions deliver on, and what they cost is key go growth finance success. It's all about ' linking' the type of capital you need to those growth opportunities.
As a general rule, you need to understand how other companies in your industry finance their business, while at the same time understanding limitations around your current stage of growth and how much debt you either have in place already or are prepared/able to take on. Unfortunately, the amount of loan accessibility is sometimes also dependent on the lending market's current view of your industry, as some industries occasionally find themselves temporarily ' out of favour'.
CONCLUSION
We have explored numerous government loan programs that deliver, the ability to source credit lines via alternative lenders as well as banks, and asset monetization strategies for immediate working capital. Each type of financing has costs, benefits, and risks associated with that type of financing. Understand your options and If you're looking for ' grown up ' financing for small businesses or larger established companies seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your loan needs.
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 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.
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
