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Ending The ' No Bank Financing ' Conundrum
The challenge for business owners and financial managers is to identify and execute on who those sources are and what they can do for your company . Many companies, and industries in fact have specialize needs .
When you think of the right type of business financing for your company it's important to think of senior and junior ! What do we mean by that comment ? Simply that a senior lender will want all the security on your business, typically handled by a document called the G S A - General Security Agreement . It then becomes a challenge to source other types of cash flow and debt solutions which can't be monetized.
A good example of a senior lender is Canadian chartered banks. But when that source of capital isn't available many firms these days choose asset based lenders , allowing them to drawn on various assets of their business but with more flexibility.
In some cases your business might need a ' bridge loan' - they solve temporary capital shortages .. they are a ' bridge' to future refinancing of your business.
Leasing companies are one of those specialized asset lenders that financing both new and used equipment, even software. While many firms think they are eligible for VC or private equity financing in fact they are poor candidates for that type of financing .
Is there a bottom line? We think so , Simply that if you are looking for a commercial finance company for debt and medium or
short term financing options alternative non bank lenders are a great choice.
Seek and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success when looking for a non bank commercial finance company in Canada.
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 !
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
