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Wonder Why You Waited For This Information ?
Information on working capital and commercial business finance loans in Canada . Utilize this expert advice
But what about combining knowledge with the wisdom of experience? Now that’s a concept! Yes it might take some time to investigate a solution but boy in the long run wouldn’t it be worth it.
It's never easy when Canadian business owners and financial managers are out there looking for solutions. Although rates interest rates in Canada are generally perceived as ' quite low ' the ability to access cash flow solutions is still a challenge.
If you company has a solid asset base , good cash flows from a historical perspective , then you of course have a stronger chance of being more success in business financing .
On the other hand if you find yourself experiencing hyper growth, or coming out of a period of financial losses or turnaround scenarios then you need some help in both identifying and , even more importantly , accessing commercial business finance loans and solutions .
At the end of the day your solutions boil down to traditional or alternative... it’s as simple as that. Many new solutions that we focus on with clients are viewed as alternative in nature, but the reality is that these types of financings are gaining traction every day.
That’s where the assistance of expert advice, coupled with wisdom and experienced can really pay off we think. Doesn’t it make sense that if you haven’t even heard of some of these cash flow solutions then you probably also doesn’t have the knowledge and expertise to comfortably access them?
Commercial bank facilities from Canadian chartered banks are the obvious solution. If your firm can withstand financial statement due diligence around historical profitability, ratios, covenants, personal collateral of owners then you're clearly eligible for the lowest cost form of business financing in Canada.
Thousands of firms aren’t of course eligible for this type of financing - so that’s where our alternatives come in. They include ABL facilities which are a solid alternative to commercial bank lines of credit. Smaller and start up firms can access basic working capital facilities that simply margin A/R and inventory in a combo type arrangement. A fabulous, (yes fabulous!) form of business financing around receivables is C I D. That’s the name we've given to Confidential Invoice Discounting or financing - it has you in charge of your receivable financing, not a third party intrusive factoring firm.
Other solutions you can consider are securitizing receivables, leases, or contracts, and don't forget purchase order financing and tax credit financing.
So, a bottom line? How this. Experience and wisdom is a powerful combo. So consider talking to an experienced Canadian business financing advisor who can assist you in maximizing working capital wisdom with... you guessed it... experience!
7 Park Avenue Financial :
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
