Business Financing Loans & Cash Flow Funding ? Try It And Your Just Might Like It

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Is Your Business Financing & Funding Search Resembling the Polish Ballerina Proverb

OVERVIEW – Information on business financing in Canada. The right loans and cash flow funding solutions are critical to business success and profit and sales growth

Does Business Financing & your cash flow funding search resemble that old Polish proverb

around the bad ballerina? For those that don't know it goes as follows - “A bad ballerina blames the hem of her skirt." The meaning? Simply that a good ballerina can dance in anything. So your business should be able to acquire the right type of loans you need in any circumstance - no excuses! Let's dig in.


Business financing may, or may not have to come from your bank - it might even come internally through better asset management. We'll explain later.

Canadian business owners and financial managers are looking for real alternatives when it comes to working capital financing for cash flow, profits and growth. Companies looking for SME COMMERCIAL FINANCE solutions, including start ups are almost always experiencing some level of financial stress - sometimes more extreme than others.

Is it possible to get a working capital, operating credit lines, and other sources of funding from outside Canadian chartered banks? Our answers are a resounding 'yes '!

Canadian chartered banks offer working capital and revolving credit facilities that are based on both the overall assets financed - i.e. receivables and inventory - however there is a significant amount of emphasis placed on balance sheet and income statement ratios, covenants, external collateral, and personal guarantees. Get past those and you'll have a solid funding plan in place - given that interest rates in Canada are at all time lows .

But, is the bank the only way to fund your business? Absolutely not! Credit lines are available from what typically are called non-traditional sources, but the reality is that in the current environment nontraditional financing is fast becoming 'traditional '.

Working capital and business credit lines can also come from asset based lines of credit, and in some cases where just receivables are involved factoring or receivable discounting becomes a business’s main source of cash flow and working capital.

We recommend you at a minimum at least explore non bank financing by working with a trusted, credible and experienced business financing firm that can deliver on the capital sources you need.

Naturally you can supplement working capital with a variety of long term options which include:

Lease financing

Sale leasebacks

SR&ED Tax Credit Financing

Govt Guaranteed Business Loans (The CSBFL)

The advantages of non bank financing are that on average you will be eligible for much more margining on your working capital requirements. What does this mean - simply that as your inventory and receivables grow you will be able to climb up the liquidity ladder without being capped at a certain limit? The ability of a business owner to know that he has access to working capital as his business grows is key of course.


Non bank working capital financing for business working capital comes usually at a higher cost than traditional bank financing. But we encourage clients to do a careful analysis of what that additional capital can do for their firm in several key areas of business success:

Sales and profit growth

Supplier relations

Ability to purchase and pay more effectively

Ultimately as a business owner you want to be able to know that your liquidity can grow as your business grows. In summary, ensure you understand both your capital needs, and even more importantly, your options. Break out of that Polish Ballerina Proverb syndrome and get rid of excuses around putting your business on the right financing path.



Stan Prokop - founder of 7 Park Avenue Financial –
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

Business Financing & Capital Sources In Canada : Loans & Cash Flow Solutions That Work

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Is The Business Financing Challenge Stifling Your Growth ? Sources of Capital 101

OVERVIEW – Information on business financing solutions in Canada. Knowing which capital sources suit your company when it comes to loans and cash flow finance will make or break your company

Business Financing in Canada or notably, lack thereof has this tremendous ability to stifle busing growth and opportunities. What then are the capital sources that can get you new, growing, or mature business back on track? Let's dig in.

Business capital sources often means different things to different folks. The equity in your business is often made up of assets, both fixed and liquid (receivables / inventory, etc) and the proper mgmt of them should allow you to meeting your financing and sales targets.

Naturally ' debt ' is not capital and the term ' sources of capital ' is often misunderstood. One top expert has been quoted as saying that banks and commercial lenders love their money more than they do your business... and that's probably correct.

The challenge to business owners and financial mgrs is to undertake loans and cash flow monetization solutions that can be repaid, even when times are tight. Lines of credit should be used as day to day liquidity - using them as a long term capital fix is not the right thing to do.

The best businesses that are ' ripe ' for financing solutions are those that understand the true way that cash ' flows' through their business. Your ability to have a strong handle on both historic cash flow as well as your forecast is key to assessing the right financing solution.

By the way, there might be more financing solutions out that than you might think available. They include:

A/R Financing

Inventory Loans

Short Term Working Capital Loans

Bank credit lines / term loans

Equipment Finance/Leasing

Sale Leasebacks of owned assets

Non bank asset based lines of credit

SR&ED Tax Credit Loans

Unsecured Cash Flow Loans

Govt Guaranteed Small Business Loans (New max = $1,000,000.00)

If you're feeling ' stifled' around your ability to access cash flow and loan solutions that work for you now and in the future 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 your needs.




Stan Prokop - founder of 7 Park Avenue Financial –

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

Business Finance Canada : A State Of The Union On Capital Sources & Corporate Financing

Are You In The Lonesome Corner When It Comes To Business Financing

OVERVIEW – Information on business finance alternatives in Canada. Financing and capital sources

Business finance challenges and problems often have owners/mgrs feeling like they are in the ' lonesome corner ' as the need for financing solutions and capital sources seems never ending and seemingly unattainable. So let's look at our Cdn version of the current ' state of the union '

in funding your business. Let's dig in.









We're going to assume a couple of things - first of all that as an owner/mgr your goal is to ensure the right amount of liquidity in your business. Additionally as cost is always a consideration in business financing it is a case of ensuring you have the most capital funding at the lowest cost - which is of course driven by your overall credit quality.

The right mix of what you have in the company already (i.e. owner equity) versus the maximum amount you can borrow is what is going to give you what the pros call maximum ' return on capital'.

We mentioned the business owner as potentially feeling as if they are sitting in that ' lonesome corner' - in fact the way to remove that feeling is simply to be more proactive in understanding what capital sources are out there relative to how you wish to use those funds. ' Use of funds' is important as you need to distinguish between ' assets' you need to run and grow the business versus those short term cash needs such as business credit lines.

We can't overemphasize that issue of funds ' matching'. Big mistakes occur when you use wrong strategies - Example: taking cash on hand or accessing credit lines to acquire a long term fixed asset. (Those types of assets should be acquired via business finance strategies such as equipment financing or term loans. It's a case of simply focusing on what those assets will cost and what type of cash flow and profits they will generate over the longer term.

We're always referencing the fact that the owner/mgr has to sit back and get a sense of what stage their company is in. Those stages are actually very defined. They are:

Start up

Growing / emerging

Mid market

Mature and or large publicly traded

The capital sources these firms need vary and include:

A/R financing

Securitization

Bank lines of credit / term loans

Non bank asset based business credit lines

Equipment Finance

Refundable Tax Credit Finance

PO Financing

Unsecured cash flow loans

That’s our ' state of the union' on capital sources in Canada. If you want to exit our ' lonesome corner' analogy and access the financing and capital sources your firms needs, today and tomorrow... seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your 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 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