WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Showing posts with label business funding expert. Show all posts
Showing posts with label business funding expert. Show all posts

Friday, April 14, 2023

Business Funding Expert Tactics For Your Company

 

You Are Looking For a Canadian Business Financing Expert!

Unlock the Secrets of Business Financing with Help from Business Funding Experts @ 7 Park Avenue Financial

We've Solved the Debate Over Small Business Finance Solutions in Canada

You've arrived at the right address!  Welcome to 7 Park Avenue Financial 

        Financing & Cash flow are the  biggest issues facing businesses today 

               Unaware / Dissatisfied with your financing options?

Call Now!  - Direct Line  - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs

Email - sprokop@7parkavenuefinancial.com

 

 

INTRODUCTION 

 

Business funding expert tactics are critically valuable for any business owner or financial mgr.  We read daily that business financing is widely available these days - that's mostly true. Still, the type of funding you require and all the issues surrounding collateral, personal guarantees, etc., must be overcome properly.

 


The ability to achieve proper levels of business financing for your company is a crucial element in business growth and success. That challenge is always a large one for small and medium-sized companies in Canada.  But how do the business owner and financial manager access financing options that suit the needs of the business?


Let's dig in on expert business funding options to help your company navigate the sometimes complex landscape in Canada.

 

 

 

WHAT TYPE OF BUSINESS FUNDING DO YOU NEED? UNDERSTANDING YOUR CASH NEEDS

 

The ability to understand the importance of cash flow management and debt financing is essential to the long-term growth of your business. The business owner's ability to monitor and analyze current financial position helps in cash flow management and the outflows of cash - allowing businesses to meet short-term obligations, as well as managing inventory purchases and meeting unexpected financial business needs.

 

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

When it comes to the balance sheet it is all about leverage -  your ability to leverage key business assets such as accounts receivable and inventory allows for better asset turnover and cash management via business loans and asset financing that makes sense.


The type of business financing you need is key to collateral, guarantees, lender covenants, etc. Broadly speaking, the types of business financing can be broken down into ' traditional ' and  ' alternative ', and within those two categories are working capital, cash flow and debt solutions.

 

Depending on whether your firm is experiencing the proverbial ' cash crunch ' or if it's simply looking for growth capital, it's that type of question that dictates what type of funding works best for business owners in Canada.



Established companies typically are long past the ' friends and family approach to business finance; they, therefore, must be prepared to travel the loan application road to business financial success.

 

 

DEBT VERSUS CASH FLOW FINANCING - WHICH ONE WORKS FOR YOUR COMPANY 

 

Accessing capital allows the business owner to start, operate, or buy a business.  The good news is that a combination of bank loans, government loans,  and financing from commercial finance companies and asset-based lenders provides a variety of traditional financing and alternative lending options.



Your ability to either monetize assets or repay the debt will drive your decision toward the right cash flow solution. Both traditional and alternate lenders will want to know what your current secured debt structure looks like. They are, of course, looking for repayment ability and what type of collateral matches the finance solution your firm needs.

 

 

WHAT IS THE RIGHT FINANCING STRATEGY FOR YOUR BUSINESS?

 

Creating the right finance strategy for your business is all about the right loan at the right time - That's why understanding your current cash flow position and identifying the type of financing you need becomes job #1  - Your search will revolve around the flexibility of the financing offered, repayment terms and the type of business lender suited to your particular business model and industry.


The initial finance discussions are always best handled when you're well-armed with what business lenders look for - that might include a well-thought-out cash flow and a business plan that profiles the strengths and prospects of your company. In the old days, we called this ' source and used' of funds, and it's at the heart of the business cash flow question.   7 Park Avenue Financial business plans meet and exceed the requirements of banks and commercial lenders

 

 

WHAT ARE THE KEY PARTS OF A BUSINESS FINANCE APPLICATION



Other key parts of the overall business application might well include personal financial info on the business owner/owners, copies of recent bank statements, articles of incorporation, etc.. Let the 7 Park Avenue Financial team work with you to put a winning loan package in place for the type of financing you need to run and grow your business.



We spoke of how the type of financing you need will drive the optimal business finance solution. And by the way, in many cases, the optimal finance solution might include a cobbling together of various solutions.

 

THESE BUSINESS FINANCING SOLUTIONS ARE AVAILABLE TO YOUR BUSINESS



Short Term Working Capital Loans/merchant advances/business credit cards - good personal credit history of a business owner is important

Term loans - typically 3-5 years and cash flow based

Chartered bank lines of credit

Non-bank asset-based lines of credit - these facilities finance receivables, inventory and equipment and typically provide twice the amount of capital as a bank line of credit - less focus on

A/R Financing - aka ' factoring and invoice discounting


Inventory Financing

Tax Credit Finance

Equipment Finance and sale-leaseback strategies

Commercial mortgages

 

 

KEY TAKEAWAYS: BUSINESS FINANCING 

 

Business owners can consider debt financing, equity financing, and cash flow alternative financing solutions

Government Loans and Grants are available for small and new businesses

Specialized financing is available based on the business model and industry

Traditional lenders focus on  the capacity of the business to borrowers, general economic conditions, collateral and personal guarantees and  business experience

 

Companies in search of financing should focus on the best type of financing to suit specific business needs while ensuring they understand the loan and credit approval process - A solid business plan and cash flow projections always help achieve the best interest rate available

 

Traditional funding options are not always accessible for SMEs in Canada - Business owners should investigate commercial funding for additional funding  via alternative financing options available from alternative lenders  for a combination of short-term financing as well as long-term funding for growth and expansion or business acquisition

 

 

CONCLUSION - DISCOVER THE BENEFITS OF WORKING WITH A BUSINESS FUNDING EXPERT FOR BUSINESS FINANCE NEEDS

 

If you want to succeed in business financing is critical to your success - Managing cash flow and accessing business capital can help you start, run, and even ultimately sell your business. Talk to the 7 Park Avenue Financial team about finding the right option for your long-term growth needs.


If you want to ensure you're on the right track to business capital, seek out and speak to  7 Park Avenue Financial,  a trusted, credible and experienced Canadian business financing advisor with a  track record of success. We'll show you how a business funding expert can deliver on cash flow and debt financing you need to start, run and grow a business - Let's get started on business funding expert business financing solutions.

 

FAQ FREQUENTLY ASKED QUESTIONS PEOPLE ALSO ASK MORE INFORMATION


 

 

What are some crucial factors to consider when seeking business financing?

In the search for business financing, business owners must consider key factors such as financing costs and interest rates as well as understanding the application process around the type of financing the business needs. Eligibility criteria vary when it comes to the type of financial institution offering the financing, whether that is a traditional bank loan or financing from alternative lending sources. The ability to exhibit proper cash flow management and planning will help the financial leverage of balance sheet assets and provide more financing for business operations growth and the ability to explore business opportunities


What is the Canada Small Business Financing Program and its registration fee?

 

The Canada Small business financing program is a small business loan program from the government for small businesses ( under 10 Million dollars in revenue ) which guarantees the loan to participating financial institutions which is typically a  bank or credit unions, The registration fee for loan approval is 2% of the loan amount - Financing is available for term loans for assets, leaseholds, and real estate, and changes to the program in 2022 increased the total loan amount available to 1.1 Million dollars - The programs is excellent in terms of a small or new business being able to access financing for capital investment in the business. Both term loans and lines of credit are available to the borrower.

A good personal credit score is required by the borrower and a limited personal guarantee is required.


What is the significance of having a sustainable financing strategy for a business?

 

A sustainable financing strategy allows a business to access capital when the business needs funding and is a factor allowing a company to avoid repayment default via good financial planning to avoid financial risk to the business.


What is SME business finance, and why is it essential for any business?

 

SME business finance is a term which includes financing resources and small business loans and assistance available to small and medium-sized businesses in Canada. Companies can access capital through a variety of sources for purposes that include purchasing new assets, or financing the current assets of the business, primarily accounts receivables and inventory. The ability to fund both day-to-day operations while planning for long-term growth and achieving good cash flow management is essential in running a successful business.


What are the various ways to find funding for a business?

 

Business funding to raise capital and secure funds can be achieved through debt financing via commercial loans, cash flow financing, or equity financing. Businesses considered equity financing consider financing from venture capitalists, angel investors and private equity firms - Bank lending for a business loan in Canada focuses on the ability of the company to demonstrate cash flow and general overall creditworthiness

Business benefit from carefully prepared business plans with accurate financial projections. Companies seeking non-dilutive financing will consider traditional bank financing as well as alternative finance solutions from commercial finance companies and asset-based lenders.

 

 

Wednesday, September 25, 2019

Business Funding Expert Tactics For Your Company









Winning Business Funding Strategies For Your Business






Business funding expert
tactics are critically valuable for any business owner or financial mgr . We read daily that business financing is widely available these days - that's mostly true but the type of funding you require and all the issues surrounding collateral, personal guarantees, etc must be overcome in the proper manner.

The type of business financing you need is key to the issues of collateral, guarantees, lender covenants, etc . Broadly speaking the types of business financing can be broken down into ' traditional ' and ' alternative ' and within those two categories are working capital, cash flow and debt solutions . Depending on whether your firm is experiencing the proverbial ' cash crunch ' or if it's simply looking for growth capital , it's that type of question that dictates what type of funding works best.

Established companies typically are long past the ' friends and family' approach to business finance ; they therefore must be prepared to travel the loan application road to business finance success.

Your ability to either monetize assets or repay debt will drive your decision towards the right cash flow solution. Both traditional and alternate lenders will want to know what your current secured debt structure looks like. They are of course looking for repayment ability and what type of collateral matches the finance solution your firm needs.



The Business Funding Expert Plan to Business Capital


The initial finance discussions are always best handled when you're well armed with what business lenders look for - that might include a well thought out cash flow and a business plan that profiles the strengths and prospects of your company . In the old days we called this ' source and use ' of funds , and it's at the heart of the business cash flow question.

Other key parts of the overall business application might well include personal financial info on the business owner/owners , copes of recent bank statements, articles of incorporation, etc,l

We spoke of how the type of financing you need will drive the optimal business finance solution . And by the way, in many cases the optimal finance solution might include a cobbling together of various solutions.



Business financing solutions 
available to your firm include:


Short Term Working Capital Loans

Term loans - typically 3-5 years and cash flow based

Chartered bank lines of credit

Non bank asset based lines of credit - these facilities finance receivables , inventory and equipment and typically provide twice the amount of capital as a bank line of credit

A/R Financing - aka ' factoring '

Inventory Financing

Tax Credit Finance

Equipment Finance and sale leaseback strategies

Commercial mortgages

If you want to ensure you're on the right track to business capital seek out and speak to a 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

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 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 .


' 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.




Saturday, September 14, 2019

Business Funding Tactics & Solutions To Help You Win











Recovering From Lack Of Cash In Your Business Funding Needs





Business funding in Canada is all about options. We're focusing specifically on the financing needs of small and medium sized business owners and financial mgrs. Those large companies have the Bay Street gang to take care of them and they probably have all the help they need!

Companies searching for financing typically think in terms of standard bank loans - those loans typically are heavily collateralized and rarely, almost never, are ' unsecured '. Suffice to say that if owners and mgrs are focusing on ' rates ' the banks are of course their best bet - it's a trade off between 'access to capital ' and ' cost of capital' as one of our mentors always says.

Many companies apply ' online ' for fast business funding ; they are looking for quick cash solutions at a reasonable cost - including even options such as crowd funding/angel investors , etc

Tips to Find Funding Companies for Small Business

Is there a better way . There is. First of all , have your numbers ready and be prepared to clearly indicate the amount of cash you need and what you need it for . It should be no secret that info is what will drive the type of financing you need :


Debt


Cash Flow


Working Capital


Business owners typically should be able to demonstrate the use of funds and be able to back that up with a cash flow projections, equipment quote, business plan, etc. Every situation and every type of business financing is a bit different.

There are a number of viable solutions that should replenish or fill your needs for business capital. They include :

Working Capital Loans - Term Loans

Short term cash flow loans - typically one year or less

Equipment Financing

Receivable financing

Inventory finance

Purchase Order Financing

Tax Credit Loans - i.e. SR&ED Program refunds

Non bank business credit lines

A/R financing

Which of those solutions might apply to your company . Be able to demonstrate repayment, appropriate documentation, financials.

Business financing solutions come from both traditional lenders such as chartered banks, as well as non bank business financing commercial lenders .

24 Hours to Improving Business Funding ?


Seek out and speak to a trusted, credible and experienced Canadian business financing advisor  that has a track record of success in Canadian business funding.




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 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 .


' 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.