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 early stage financing. Show all posts
Showing posts with label early stage financing. Show all posts

Monday, March 8, 2021

Start Up Sources Of Finance In Canada: Early Stage Sources Of Funding & Financing Is Your New BFF







 


 

Is Start Up & Growth Financing Keeping You Up At Night

 

Start-up sources of finance in Canada easily keep the business owner/entrepreneur up at night.  Let's dig in.

 

WHAT IS THE CHALLENGE OF EARLY STAGE FINANCING

 

Is anything more uniquely challenging than the financing needs of a startup? Is it even possible that early-stage financing could turn out to be, as they say, your new BFF? Nothing is truer than the fact that capital acquisition chances are less certain in an early-stage environment. A traditional bank loan from financial institutions such as banks and credit unions is a major challenge in the source of funding solutions.

HOW DO YOU BALANCE DEBT AND EQUITY OPTIONS

The key to understanding the ' capital raise' is ensuring your business has a suitable match of debt and equity.  When you are up and running, the good news is that many capital sources to monetize assets and sales are fairly plentiful. They typically include debt and asset monetization vehicles that allow you to generate internal cash.

 


 

LET 7 PARK AVENUE FINANCIAL SHOW YOU THESE FINANCING SOLUTIONS

 

Those typically include:

 

PO/ Contract financing

 

Monetization of SR&ED tax credits - these bridge loans are a great way to cash flow refundable tax credits under the govt R&D program for those that file claims

 

Receivable Financing / Inventory Finance / Confidential  Accounts receivable funding

 

Asset-based credit lines that turn receivables/inventory/hard assets into on single business line of credit

 

Those 4 methods are ' asset monetization' strategies - also available is debt in the form of a Government small business loan or a working capital term loan from Canada's crown corp. bank.

 

Many business owners, some of whom are ' newbies,’ are not 100% sure of the amount of financing they require, much less they could get approved for. Potential clients, we meet who state ' as much as we can get ' requires... well... you guessed it... a lot of work.

 

DO YOU NEED A BUSINESS PLAN FOR STARTUP FUNDING?

 

A good business plan is almost always a requirement in startups - 7 Park Avenue Financial business plans we prepare for clients meet and exceed bank and commercial lender requirements.

 

The proven way to calculate the amount of start-up financing you need is to prepare a proper opening balance sheet and cash flow projection. Properly complete, it will give you a strong handle on the inflows/outflows and, most importantly, the timing of the funding you will need - either in term debt for new assets or business credit line needs.

 

Sales typically drive cash flow needs, so being realistic in your forecast is key. An old mentor of ours once said, ' I NEVER MET A PROJECTION I DIDN'T LIKE.'

 

 

WHAT IS THE IMPORTANCE OF MANAGING WORKING CAPITAL AND ASSET TURNOVER 

 

Can a realistic, even conservative projection fail? It can if it doesn't allow for the timing of working capital flows. Businesses in the SME sector can generate a lot of cash, more than they might think, by properly managing receivables, payables and utilizing sources of funds such as equipment leasing. It's then that the owner/manager must consider external capital. And as expensive as debt might seem too small or emerging businesses, it’s always cheaper than diluting ownership equity.

 

GOING THE BIG BOY ROUTE? FINANCING FOR ENTREPRENEURS

 

Forget the somewhat painful journey of start up business grants ,venture capital, VC firms,  angel investors, venture capitalists' equity demands, and focus on real-world solutions for a new business in Canada. These financing sources are looking for high growth and traction that exists already.

 

FOCUS ON REAL-WORLD AVAILABLE SOLUTIONS / FUNDS FOR STARTUPS

 

At the seed stage, it's all bout the right amount and type of debt and your ability to monetize sales via effective cash flow solutions. Over a period of time, the entrepreneur will realize this journey is for the smallest amount of businesses. Make sure you understand the dilution of equity and ownership that comes with those types of finance sources.

 

CONCLUSION - FINANCING A STARTUP

 

If you're searching for the right amount of start-up, growth, and early-stage financing for your businesses, seek out and speak to 7 Park Avenue Financial,  a trusted, credible and experienced Canadian business financing advisor who might be the bridge to your new BFF - solid start-up sources of finance - someone who will be able to help you fund your business.
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 areas 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. He is an experienced

business financing consultant

.

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 financing 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.


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


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 










































Start Up Sources Of Finance Early Stage Financing |7 Park Avenue Financial

Thursday, October 23, 2014

Start Up Sources Of Finance In Canada : Early Stage Financing Is Your New BFF





Is Start Up & Growth Financing Keeping You Up At Night







OVERVIEW – Information on start up sources of finance for Canadian business owners and entrepreneurs . Early stage financing is challenging without this information




Start up sources of finance
in Canada easily keep the business owner/entrepreneur up at night. Let's dig in.

Is anything more uniquely challenging than financing needs of a startup? Is it even possible that early stage financing could turn out to be, as they say, your new BFF? Nothing is truer than the fact that capital acquisition chances are less certain in an early stage environment

Key to understanding the ' capital raise' is ensuring your business has a suitable match of debt and equity. The good news is that when you are up and running many sources of capital to monetize assets and sales are fairly plentiful. They typically include debt and asset monetization vehicles that allow you to generate internal cash. Those typically include:

PO / Contract financing

Monetization of SR&ED tax credits - these bridge loans are a great way to cash flow refundable tax credits under the govt R&D program for those that file claims

Receivable Financing / Inventory Finance

Asset based credit lines that turn receivables/inventory/hard assets into on single business line of credit


Those 4 methods are ' asset monetization' strategies - also available is debt in the form of a Govt small business loan or a working capital term loan from Canada's crown corp. bank.

Many business owners, some of whom are ' newbies’ are not 100% sure of the amount of financing they require, much less they could get approved for. Potential clients we meet who state ' as much as we can get ' simply require... well... you guessed it... a lot of work.

The proven way to calculate the amount of start up financing you need is to prepare a proper opening balance sheet and cash flow projection. Properly complete it will give you a strong handle on the inflows/outflows as well as, most importantly, the timing of the funding you will need - either in term debt for new assets or for business credit line needs.

Sales typically drive cash flow needs so being realistic in your forecast is key. An old mentor
of ours once said ' I NEVER MET A PROJECTION I DIDN'T LIKE'.

Can a realistic, even conservative projection fail? It can if it doesnt allow for the timing of working capital flows. Businesses in the SME sector can generate a lot of cash, more than they might think, by proper management of receivables, payables, and utilizing sources of funds such as equipment leasing. It's then that the owner/manager must consider external capital. And as expensive as debt might seem to small or emerging businesses it’s always cheaper than diluting ownership equity.

If you're in search of the right amount of start up, growth, and early stage financing for your businesses seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who just might be the bridge to your new BFF - solid start up sources of finance.



Stan Prokop
- 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

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 90 Million $ of financing for Canadian corporations . Info /Contact :



7 PARK AVENUE FINANCIAL = CANADIAN START UP / EARLY STAGE FINANCING EXPERTISE




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '