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 franchisee financing loan. Show all posts
Showing posts with label franchisee financing loan. Show all posts

Thursday, December 27, 2012

Franchise Loans In Canada . Don’t Let A Franchisee Financing Loan Be A Disaster To Your Success !








Avoiding a Franchise Finance Disaster


OVERVIEW – Information on franchise loans in Canada . What is the secret to proper franchisee financing loan approval and success for the Canadian entrepreneur?




Franchise loans in Canada. Either not getting the one you want or need just might be a disaster

when it comes to your entrepreneurial dream, which all of a sudden appears to have gone up in smoke!

When all of your plans go awry when it comes to your franchisee financing loan almost everything is at risk, including your planning, potential franchisee fees or down payments you have made, deposits on a premises, etc. Let's examine some key elements of Canadian franchise finance success.

Financing success in the franchise industry will come from both you and one or a combination of several franchising lenders. A common belief which we can dispel pretty quickly for you is that your franchisor is not going to be the one that plays a major role in the financing of your business - We guess you can say they are with your morally and spiritually, but not financially! Any form of assistance your franchisor might provide will typically be indirect in nature, sometimes in the form of a referral to a lending institution or a Canadian business financing advisor.

All business require start up capital from the owners, so don't think that franchising in Canada is any different. That is your owner contribution when it comes to financing the key elements of your new business - items such as construction, leaseholds, equipment, the franchise fee, opening inventory, and potentially even real estate.




Right about here is where many franchises make a huge mistake. And that mistake? It's not focusing or planning for working capital for items such as salaries, wages, lease and loan payments, franchise royalties, etc. When working with clients we are always focusing on the ' working capital ' component of your business plan, not just the start up financing, which often seems to be the sole focus of the franchisee. We could even take that one step further and say that you might want to even start considering at this point an expansion plan if you choose, down the road, to acquire multiple franchise locations, in the same or another industry.

That brings us to the key point of ' experience '. When we apply for jobs and positions in the corporate world our potential employer is focusing on our EXPERIENCE. So that's why its important also to ensure your franchisee financing loan is adjudicated with the idea that you as a business owner have relevant experience in your industry . A solid example is the restaurant and hospitality industry, where long hours and people and operational expertise are critical.

In Canada your franchise loan are not necessarily going to come from a conventional lender. In fact it almost always will not. Your financing will come from:

Specialty franchise lenders
The BIL/CSBF program - (Our preferred choice!)
Leasing companies
Private investors


Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in ensuring your franchise finance needs become not a disaster, but a success!




7 PARK AVENUE FINANCIAL
CANADIAN FRANCHISE FINANCING EXPERTISE



Stan Prokop - founder of 7 Park Avenue Financial

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: Canadian business financing & contact details :

http://www.7parkavenuefinancial.com/franchise-loans-franchisee-financing-loan.html




EMAIL - INFO@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com