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Recovering From Lack Of Cash In Your Business Funding Needs
Business funding in Canada is all about options. We're focusing specifically on the financing needs of small and medium sized business owners and financial mgrs. Those large companies have the Bay Street gang to take care of them and they probably have all the help they need!
Companies searching for financing typically think in terms of standard bank loans - those loans typically are heavily collateralized and rarely, almost never, are ' unsecured '. Suffice to say that if owners and mgrs are focusing on ' rates ' the banks are of course their best bet - it's a trade off between 'access to capital ' and ' cost of capital' as one of our mentors always says.
Many companies apply ' online ' for fast business funding ; they are looking for quick cash solutions at a reasonable cost - including even options such as crowd funding/angel investors , etc
Tips to Find Funding Companies for Small Business
Is there a better way . There is. First of all , have your numbers ready and be prepared to clearly indicate the amount of cash you need and what you need it for . It should be no secret that info is what will drive the type of financing you need :
Debt
Cash Flow
Working Capital
Business owners typically should be able to demonstrate the use of funds and be able to back that up with a cash flow projections, equipment quote, business plan, etc. Every situation and every type of business financing is a bit different.
There are a number of viable solutions that should replenish or fill your needs for business capital. They include :
Working Capital Loans - Term Loans
Short term cash flow loans - typically one year or less
Equipment Financing
Receivable financing
Inventory finance
Purchase Order Financing
Tax Credit Loans - i.e. SR&ED Program refunds
Non bank business credit lines
A/R financing
Which of those solutions might apply to your company . Be able to demonstrate repayment, appropriate documentation, financials.
Business financing solutions come from both traditional lenders such as chartered banks, as well as non bank business financing commercial lenders .
24 Hours to Improving Business Funding ?
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor that has a track record of success in Canadian business funding.
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 !
7 Park Avenue Financial provides value added financing consultation for small and medium sized businesses in the area 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 .
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
