Is Lease Financing In Your Asset Acquistion Plan? It Should Be

How Much More Can You Learn About Equipment Lease Finance ? Lots!

Equipment Financing Approvals – You are a Canadian business owner or financial manager who requires lease financing for asset acquisitions. Although a majority of leasing firms are located in the Toronto area lease financing is of course available across Canada. We encourage clients to seek out and develop a business relationship with a trusted and credible lease financing advisor.


So what is important in getting a lease approval? Unfortunately most clients tend to focus on only one thing – the interest rate. The actual accounting reality around lease financing is that the interest rate is not even a rate per se as you are utilizing the equipment but not necessarily owning it. Anyway that point alone is a discussion for another day.


Naturally the financing rate attached to the lease is important, but face reality – your rate is always going to be commensurate with your overall credit quality – if your firm has excellent financials, is profitable, has good cash flow, is growing and is in a good industry sector we can assure you that you will always have a competitive rate within a ¼ point or so.


The lease credit decision actually plays a large part of the entire lease financing approval cycle. Factors that determine your overall final approval are as follows:


Overall credit quality of your firm – ( key factors include your balance sheet, are you profitable, years in business, and amount of financing requested

Type of asset you are financing

Dollar size of transaction

Special structuring requests


Traditional lease financing focuses on your ability to demonstrate you can make the payments – no surprise there of course. But how does your lease firm make that decision. Fortunately or unfortunately it’s a very mechanical decision – it’s a case of taking your cash flow from your financials - i.e. net income and depreciation combined together, and determining if that cash flow supports on an annual basis the next 12 months of payments .So there, we have just shown you how you can influence and present your cash flow repayment ability.


In many cases, certainly in the current more challenging business environment your financials might not be in a position to meet these cash flow calculations. That is where extra skill on your behalf (but more probably and properly achieved with a leasing advisor) is required to present what I have called ‘the weight of evidence ‘that you can make those payments and are worthy of an approval. Additional factors might include some potential restructuring of the lease term – i.e. a shorter term, or accelerate payments . Although many firms stress leasing as 100% financing the reality is that for the transaction to work for yourself and the lessor you should be expected to offer up a 10- 15% (sometimes more) down payment.


Typical other factors to be taken into consideration are your payment experience reports at a Commercial Credit bureau or Dun and Bradstreet, and miscellaneous factors such as years in business, cyclicality of your industry etc. In some cases offering up some additional equipment that isn’t financed as collateral will get you to the goal line.


In summary, lease financing approvals in Canada is a bit of both an art and a science .A proper presentation of your ‘weight of evidence ‘around your ability to pay should ensure you receive a satisfactory rate, term, and structure. And remember, it’s not always about the rate – pick a solid lease partner and work towards a long term relationship which will pay off ten fold over time relative to your lease financing needs.

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


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 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.
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

Equipment Financing is The Best Asset Acquistion Strategy You Will Find For Growing Your Business

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Asset Financing Via The Equipment Lease Finance Solution - Almost As Exciting As A Solar Eclipse ?

Information on why equipment leasing continues to be a solid asset acquisition strategy in Canada. Tips of the various benefits of lease financing and its various forms of flexibility

Equipment leasing in Canada is a trusted and well worn way to acquire assets for your Canadian business. Leasing has always been popular in Canada – it continued to be a dominant method of equipment acquisition during the 2008-2009 economic woes because it was an alternative form of financing to many traditional areas of business financing that had temporarily dried up, or in some cases ‘ disappeared ‘!



We can’t think of any business asset that can’t be financed via leasing. It goes without saying that your firm has to demonstrate the ability to pay for that asset over the period of the lease. In many case acquisition of assets through lease financing is part of a long term strategy for Canadian business owners and financial managers who wish to ensure they have productive, up to date assets that are being acquired at the lowest cost method, including flexibility that often comes with lease financing.



What is that flexibility?

It comes in various forms – some of the basics are flexible payment arrangements, a term in the lease that meets your firms anticipated use of the asset, and, probably as important as anything, a lower cash outlay for the acquisition of the asset.



As bank lines and term loan facilities in Canada tightened up a lease financing strategy become ‘job one ‘for many Canadian firms who wished to continue to remain competitive within their industry. As analysts and bankers focused on a company’s ability to generate cash and working capital leasing became a tool that allowed them to do that. Cash flow is probably better used to allow your firm to build up receivables, inventories and generate profits from same.



When clients share their stores about equipment financing one of the key points they continue to make is that lease financing is simply easier to arrange and get approved. That is true for a variety of reasons, but simply speaking it’s that lease firms are in one business only, they know their collateral, and they are focused on optimizing rates, terms and structures that work for themselves and the customer. A large amount of emphasis is always placed on collateral, while a similar application at your bank or term lender might focus more on overall balance sheet and income statement health.



That is simply why in many cases Canadian business owners and financial managers should assume that a decline from a bank or term lender will mean the same from an equipment financing firm. In some , perhaps most cases leasing actual overall interest rate will be higher than a bank or term lender, but cash outlay, credit covenant restrictions, and flexibility structure make that higher rate generally worth it !



If you speak to your account or lease advisor you will also find there are a number of balance sheet, income statement and tax advantages to leasing equipment. We find that each firm wants to maximize those benefits but some are more important than others. More sophisticated and larger firms tend to gravitate toward operating leases – in this case transaction tend to be larger, the debt on the transaction is not on the balance sheet, and the company has the right to return, upgrade, or purchase for fair market value the equipment at end of term . That is true flexibility!



Your firm should always consider a lease financing strategy when your asset acquisitions involve technology. That technology is changing and your ability to buy the best, newest, as and when you need it is why lease financing is such a driver in technology asset acquisitions. Those assets tend to be computers, medical equipment, etc.



Down payments are often required in leasing, but they tend to be minimal – 10% is a common number, and that certainly beats an outlay of valuable cash and working capital of 100!



The main challenge and focus of your firm should be to ensure you, or your trusted lease financing advisor position your application properly. That involves a solid identification of who your firm is, what asset you wish tot acquire, the structure desired, and most importantly, the ability to show that the weight of evidences suggests you can pay for the asset over the desired term. Solid financial statement presentation is key. Working with credible lease advisors and lease firms is also key – fostering a long term relationship in that area will reap many benefits over the years.



In summary, equipment leasing in Canada provides a multitude of solutions for asset acquisition. It’s a direct way of acquisition without utilizing your bank and term loan credit lines. Flexibility is key in leasing, and you should focus on which benefits and structures work best for your firm as every company and industry has different business models and challenges.




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

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 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.
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

Getting The Most Out Of Canadian Lease Pricing and Best Lease Rates?

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Here’s How Capital Equipment Finance Works
Canadian Lease Financing – Rates and Terms

Information on capital equipment financing in Canada . How can Canadian firms attain best lease rates and lease pricing that is attractive for asset acquisition finance strategies

How can we get the most out of lease pricing, including by the way getting best lease rates in Canada what we access capital equipment finance via an equipment finance strategy? That’s a typical client question and we'll explore some answers, tips, and strategies in that area.


If there is a threat or disadvantage to equipment financing in Canada it’s a pretty simply one - being unaware of what areas can impact the advantages of a lease, for example a simple ' end of term ' option.


We wouldn’t want to count the probably thousands of firms in Canada, both small and large that fail to both understand, and then invoke their financing option when the lease ends. Ironically the more sophisticated and larger corporations in Canada even do worse on this one simply because they are too big and their systems ' forget ' whats going on within the tens or hundreds of equipment leases they manage.


So how can an end of term option be costly ?You quite frankly wouldn’t believe it, but the reality is that many leases are structured , and documented, by the way to make your firm keep paying if the notice or obligation you signed up for isn’t handled properly .


So by not returning, buying, or formally extending a transaction you are now in the position of pretty well ‘paying forever’. And that’s not a good thing. Imagine leasing, for example, a 25k large document copier or some other business asset, paying for it in full of 5 years, with interest of course, and then paying for it again. Wow! Oh, and by the way, that asset has depreciated and has been replaced by newer technology. Now how do you feel?


In Canada the Canadian capital equipment finance industry, the ' lessors ' are in a position to offer you a variety of pricing options. It is that variety of options that can really confuse Canadian business owners and financial mangers.


You can simply lease pricing in Canada , and achieve best rates at the same time by doing some basic homework around the two types of leases , capital ( aka lease to own ) and operating ( aka lease to use ).


If you are looking to finance assets that depreciate quickly or must constantly be upgraded to keep you company ahead of the curve then an operating lease strategy really works - Computers and computer systems are a classic example of a solid use of an operating lease . The benefits include lower monthly payments, return and upgrade flexibility, and your ability to simply replace the system or technology at the end of term. That’s when best lease rates are truly achievable when compared with lease to own type strategies.


Simple lease finance strategies can also lower that monthly payment - they might include a bargain purchase options at the end of the lease, which simply lowers your monthly payment and allows you potentially to refinance that end of term amount later on.


In Canada your interest rate on lease financing is determine by your firms credit quality, as well as the type of asset you lease, and who you are dealing with. The industry is very segmented and fragmented, so the right lessor as a partner can save you thousands of dollars over the term of a financing relationship.


To achieve best lease pricing, as well as terms, speak to a trusted, credible and experienced Canadian business financing advisor who can help you maximize the benefits of this powerful capital equipment finance strategy used by thousands of business owners everyday.

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 100 Million $ of financing for Canadian corporations .




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

How To Make Good Choices in Equipment Leasing Options & Solutions : Critical Factors in Lease Financing Options

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How Financing Options In The Canadian Equipment Leasing Industry Can Benefit or Harm Your Overall Profitability When You Lease Equipment !

Lease financing options require that business owners/financial mgrs investigate their options when you acquire equipment or technology assets... Equipment leasing provides you with a combination of rights and obligations. Both! We're weighing those risk and benefits for you! Let’s dig in.

One critical area is the type of lease you choose and any residual values associated when you lease equipment .These residual values may represent an additional significant profit to the lease company in the transaction.

Are there ways you can actually profit from the type of lease you choose? We think there are, and we will demonstrate how

The residual value is a solid portion of the lenders over all ' return ' on the transaction. Again, lessor return often equates to lessee shortfall, and you are the lessee!

So what is that residual value? At the end of the term of any lease there are options that any savvy borrower should both negotiate and understand. If you enter into a ' true operating lease ' then you have the option to return the equipment to the lessor (or maybe it is the manufacturer itself) when the lease transaction has terminated.

Many major manufacturers of equipment, computers, etc have large in house leasing divisions which are profit centers for their financing options they provide customers.

When the equipment is returned the lessor re-sells the equipment, or in some cases actually rents or leases out the equipment again, obviously on a ' previously used ' basis. In the construction or aircraft industry assets can be used as long as 10- 20 years!

KEY POINT: Borrowers need to understand that the potential profit the lender/lessor realizes on a transaction hinges significantly on the final value of the asset at the end of the term.

Let's use a simple example. If a customer purchases something for a value of 100.00 and wants to lease it the lessor will perhaps estimate that the equipment will be worth 10% of its original value, or in our case, $ 10.00 at the end of the term of the lease. He will often base his rate on the expected recovery. Naturally the lender could receive more or less at the end of the lease term - he bases his price and interest rate accordingly.

Borrowers therefore might want to significantly investigate the residual value being contemplated in this type of operating lease transactions, and, in some cases, invoke their right to buy the equipment at the end of the lease. It could in fact be resold for a profit if the company has a strong sense the asset will maintain its value. Again, think aircraft and construction equipment in the equipment leasing example we used.

Naturally lease companies want to earn a profit - the question becomes what a reasonable profit is and is at your firm’s expense.


Speak to a trusted, credible and experienced Canadian equipment leasing advisor who can provide you with real financing options when you lease equipment that make sense from your perspective, the borrower!




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 100 Million $ of financing for Canadian corporations .

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 '

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

Leasing & Equipment Loans In Canada :Just The Good Stuff ( Mostly ! ) On Asset Financing

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Following the ‘ Crumb Trail ‘ To Successful Asset Financing For Equipment & Technology Needs

OVERVIEW – Information on asset financing in Canada . Leasing solutions via equipment loans and leases are probably the most effective manners in which to acquire the assets you need to run , operate and grow your business

Asset financing in Canada is all about acquiring in a responsible manner the assets you need to both run and grow your business. When we follow the ' crumb trail ' on this financial strategy it almost always leads to leasing and equipment loans. Let's dig in!

The ' property, plant and equipment ' you need is many times assets that will have production capabilities for your business.

What is the best financing option, or is it actually better for a firm to pay cash for these types of asset acquisitions?
Certainly outright ownership has its benefits, but at the same time valuable cash resources are drained from your business when you buy an asset for cash, especially an asset that is depreciating in value.

For that reason the majority of business owners seek out equipment financing / lease financing solutions for capital asset acquisition. Depending on what industry your company is in the investments required in capital might be very significant. In today’s economy that might even mean investments in technology, such as computers, software etc. (Yes Virginia - software can be financed!

We would also point out that even used equipment can be leased / financed. The emergence of the internet allowed firms to scour the world in an effort so sources assets that still have value and economical pricing that otherwise might not have been accessible in previous times.

Part of the attractiveness of leasing / equipment loans revolves around the fact that, when properly structured the assets remain yours at the end of the lease term. In cases where ownership is not required or is not critical operating leases might well be considered. Wear and tear will simply often make many assets unusable after a period of time.


The obvious benefits of lease financing are touted often - there are other hidden benefits also. One of those aforementioned obvious benefits to equipment financing is simply the ability of your firm to save cash flow and working capital - if cash flow and working capital are ' king ' as they say, then clearly in the challenging business environment of 2010 they have been re crowned!

You can further augment your cash flow and working capital by giving consideration to a sale leaseback strategy. In this scenario you are maintaining the use of assets you already own and have paid for outright - the strategy completes itself by your firm selling the equipment back to a lease company and paying for it over time again, usually 3 years as an example. Cash proceeds from the sale of the asset you are using go into your company for working capital needs. Many business owners and financial managers in Canada overlook this strategy.

We mentioned some of the lesser known and perhaps less obvious benefits of lease financing. One of those relates strictly to your ability to understand your options at the start of the lease. If you find that you might not want to own, or continue to use the equipment at the end of the lease term you should opt for what is known as an operating lease.

Could there actually be even another benefit to the transaction we have noted above. Yes, because under a true operating lease your overall payments and actual cost of borrowing will be significantly lower - sometimes by 10 - 20 %, versus if you had chosen a lease to own strategy.

Equipment financing can be complex, and the ability to negotiate a proper rate, term, and structure for your firm can be a daunting task. The challenge is further exacerbated when business owners are not knowledgeable enough to relate the pure acquisition to the balance sheet, income statement and other benefits that relate to a properly structured lease.

We therefore recommend you seek out the expertise of an experienced, credible and trusted lease financing advisor who can assist you in your firm’s asset financing 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

Asset Finance Requirements ? Equipment Loans & Leasing 101!

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Asset Finance Requirements - Different Financing That Really Is.. Different !

Information on equipment loans in Canada. Asset finance strategies such as leasing, bridge loans and sales leasebacks enhance cash flow and allow business to acquire assets for growth, profit.. and survival

Asset finance, via leasing and equipment loans is enjoying ' boom times' in Canada. That translates into key benefits for Canadian business owners and financial mgrs. Does your firm fully benefit from the power of equipt? leasing in your overall finance strategy? Let's dig in.

While the economists continue to debate the overall state of the economy it's no secret that for most businesses in Canada business financing is still a challenge. In some cases certain industries are being hammered by external factors that strongly affect their overall success.

That is why equipment loans are so attractive and sought by companies looking to add to, replace, or ' refresh ' their asset that often are key in growing sales and profits.

Those benefits we talked about haven't really changed much over the years - easier access to credit, competitive rates, the ability to match cash flow with benefits obtained from the assets, and on it goes.

As mentioned above it's also important to understand that almost any asset can be financed, and that also includes used assets for firms that feel the useful asset life combined with an attractive price makes used assets a strong consideration at times. In many cases the strategy of a loan or a sale leaseback for equipment simply replaces the paperwork and accounting associated with a finance lease. At the end of the day the asset is still being financed!

In some cases many larger mfr's also offer ' in house' financing via captive finance companies they set up to help customers acquire their product. The technology industry is a good example of these types of programs.

The breadth of assets that can be financed, from a dollar perspective is simply speaking tremendous. The industry has segmented itself into a handful of key categories from ' micro ' deals for assets that might costs just a few thousand dollars to ' large ticket ' deals that finance assets/equipment/technology in the millions. Even start ups have access to finance based on a minimum of credit history when owners can prove they have the cash flow to repay loans / leases.

Frankly we can't think of any industry that doesn't benefit or use equipment loans and lease finance as part of its ability to acquire assets.

If you're looking for the right financing for assets you need in your business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can help you fulfill your overall business needs while minimizing cash outflow.


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