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Steps To Proper Business Financing Success
How to get a business loan .. boy do we get that question a lot from new clients ! The reality .. there are in fact more traditional and alternative lenders today than every before . Business funding abounds ! You just have to know how to access that capital whether your firm is a start up, or an existing business.
As we have hinted it's important to know there are different types of lenders and knowing what finance solutions work best for your business needs. And never under estimate the amount of time to take for the business financing you are looking for - and that's applicable to large and small firms alike .
So what are the options in business capital solutions ?
We can somewhat ' lump ' the different lenders into some key categories:
Large Canadian Banks
The Government ( yes we said ' government ' !)
Commercial lenders - Traditional & Alternative
Important to note that we are talking about business finance solutions that are cash flow and debt and working capital related , On occasion some firms focus on equity type solutions such as ipo's, equity offerings, angel investors, capital pools, etc.
Typical searches for the right finance for your firm revolves around lines of credit, equipment leases/ loans and short or long term working capital solutions.
Never has the boy scout motto of ' Be Prepared ' been more relevant than when it comes to the search for Canadian Business Financing .
Owners and financial mgr's of Canadian firms should focus on a proper package of info - this might include information on ownership, financial statements, current secured lenders , a cash flow /sales forecast , etc.
More often than not a proper business plan will be a major positive , whether you are a start up, buying a franchise, or growing your business with new products/services and clients. That type of document will demonstrate what you need the financing for, how repayment will be made ( lenders love repayment !) and that actual uses of the capital you are borrowing.
Many business people save time and money by working with a trusted, credible and experienced Canadian business financing advisor who has a full grasp on your business and the financial solutions available.
Higher approval rates come when you are utilizing expert help -look for a
track record of success.
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 !
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
