Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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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.
Tuesday, September 2, 2014
Confidential A/R Financing : The Ultimate Cash Flow Tool From A Receivables Factoring Company
Here’s A Method Of Financing Receivables That’s The Perfect Alternative
OVERVIEW – Information on confidential A/R Receivable finance solutions in Canada - Business owners and financial managers can access a factoring receivables company solution and one of those works best
Factoring receivable company solutions provide some of the most numerous and accessible methods of cash flow financing needs in Canada. One of these solutions (we think) is better than all the rest but not necessarily known to Canadian business owners and their financial managers. Why does this specific type of financing deliver, and why is it different and better? Let's dig in.
The goal of any company, whether it’s a start up, and SME commercial or large corporation is to maximize cash flow for operations and growth. Hopefully along the way prudent mgmt will also call for low or acceptable bad debt losses!
When companies of any size and type can't access traditional bank finance for business lines of credit they look for an alternative; in recent years that alternative has become ' factoring ' or receivables finance.
We're quite sure it's not intentional but the industry does an interesting job of sometimes confusing business owners/managers seeking factoring around issues such as cost, how things work, documentation, being locked into a contract , etc . So when it comes to cash flow/working capital financing its prudent to know who you're dealing with and what works best for your business/industry.
Any firm that sells on credit and has business or govt clients can access an A/R finance solution. Different industries have different needs and client profiles when it comes to A/R. Verticals such as staffing co's, trucking firms, wholesale distributors to ' big box ‘stores, etc have different clients that have different payment terms, of they simply take different payment terms!
Probably the most common use of A/R financing solutions is simply day to day operations and growth. But did you realize that a solid account receivable finance solution also can be a key component in several different categories of need:
Introduction of new products / services to Canadian or U.S. clients - larger orders/contracts
Seasonal bulges in sales/financing needs
Start up financing
Buyout/acquisition strategies
We referenced a Canadian/U.S. customer base - some of our clients sell outside North America and in that case receivables can be financed but are sometimes required to be insured - in fact almost always if that’s the case!
So what in fact is our recommended solution? It's CONFIDENTIAL RECEIVABLE FINANCING NON NOTIFICATION FACTORING. Under this solution your firm bills and collects it's own receivables, has access to immediate cash from all the sales you make , and if you have the right facility in place your rates are competitive and you are not locked in to ' contracts '.
Day to day operations of a CONFIDENTIAL A/R FACILITY is a very simply process. As sales are generated (if you choose) you can access immediate financing for 90% of the sales invoice amts. The balance is credited to your bank account when your client pays, less a financing charge that is competitive with any type of factoring service.
If you are looking to solve cash flow challenges, accelerate business growth, maintain supplier relationships , and take on no new debt a factoring receivable company solution, done right , will give the right amt. of capital when you need it .It's your version of the ultimate business credit line .
To access an A/R finance solution that makes sense for your business 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 - 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 FACTORING RECEIVABLE COMPANY SOLUTIONS
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 '
Stan Prokop