We Hate It When We’re Right All Along About Business Financing
OVERVIEW – Information on business funding options in Canada . Access To sources of cash flow financing and debt financing might be closer than you think
Business Funding Options in Canada. And we have to say, this is starting to get embarrassing, because it seems as if these days, all of a sudden all the experts seem to agree with what we've been preaching all along. And to prove it? ... There it was again - a major article just the other day in one of Canada's two best daily business papers entitled ‘ CANADIAN BUSINESSES FALTERING DUE TO LACK OF FUNDING ' - Feb 16/2013
Wow, is it just us or is everyone finally catching on? And the gist of the article - summarized it would be as follows:
There is less mid sized companies these days
Competition and the ability to ' access capital ' were driving businesses to failure
Many mid sized firms are getting smaller, not bigger!
And the solution offered in the article - ' MORE RESEARCH’!!!!! ??????
We're all for academia , but we work in the real world everyday, so lets discuss and offer up some real world solutions on Canadian Business Financing ! And we're talking about financing that you can be proud of when it comes to growth, profits and costs commensurate with your credit quality.
So how in fact do you access sources of cash flow when it comes to assessing need and availability of solutions? Canadian business owners are looking for straightforward solutions to finding funding. Those funds are used for starting, funding, or growing your firm.
In fact we feel that many sources are simply overlooked or not even utilized properly. Oh and by the way, there's probably no one single perfect solution for financing your firm - it’s a mix of pros and cons and risk based on amount and type of business funding you're seeking.
Critical to the aspect of sourcing funding for your firm ( that's beside some expert help!) is ensuring you understand both warning signs of capital issues in your company, as well as the criteria required for the solutions. Those two points can save you a lot of time.
As we have hinted, you only will find out the solutions to your financing needs when you recognized proper warning signs and need. Liquidity is very close to the top of the pile! Your ability to operate daily is key to satisfying senior lenders who have financed your firm
In Canada numerous business finance options are available to bolster your firm’s success. They include:
Asset based ABL non bank lines of credit
Sale Leaseback solutions
Receivable financing facilities - aka ' invoice factoring'
Purchase order/ supply chain finance
Tax credit monetization - (SR&ED)
Working capital facilities that combine A/R and inventory
Unsecured cash flow loans
Government Small Business Loans - ‘SBL’
Your ability to manage and finance asset turnover is key to being proud that you have accessed options that make sense for your firm. Seek out and speak to a trusted, credible and experienced trusted credible and experienced Canadian business financing advisor who can assist you with cash flow sources and business funding options.
7 PARK AVENUE FINANCIAL
CASH FLOW FINANCING 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 10 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-funding-options-sources-cash-flow.html
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
EMAIL = sprokop@7parkavenuefinancial.com
Stan Prokop
