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 plan. Show all posts
Showing posts with label plan. Show all posts

Tuesday, August 16, 2011

The No. 1 Secret To Sales and Cash Flow Success – Offer A Canadian Vendor Financing Program & Customer Leasing Plan ! Sales = Cash !





Let Customer Financing Grow Sales, Profits, and .. oh yes .. Cash Flow!

Information on why a vendor financing program for your customers improves sales, cash flow and profits . Why a Customer leasing plan might make sense for your firm . A no cost growth solution for companies in Canada.




I am sorry, we'll have to remove it... no, we’re not doctors; we're talking about helping you remove one of the largest, if not the largest obstacle to innovation for your clients - the cost of your product.

How do we do that ? By recommending that you consider a vendor financing program for your customer base, a customer leasing plan that allows your clients to acquire and use your products while eliminating that obstacle to innovation we spoke of .. price!

Any Canadian firm that sells a product (or service for that matter) should consider a vendor leasing program for your clients. And boy are there some obvious benefits, not the least of which is to increase your sales. Just think of it, when you give your clients the choice of how to pay for your products and services their ability to pay over time via a customer leasing plan gives them significant flexibility.

That flexibility by the way comes in many forms. It includes removing your clients budgetary constraints if they are out of the budget cycle but still need your product, and secondly the pure cash flow outlay of small amounts over a 24 - 60 month period (those are typical lease terms) allows for your client to in effect match the benefits of your firms product and services with their real cash flow outlay. That’s important to the Canadian business owners and financial managers that are your clients.

Does offering a vendor financing program to your customers seem complicated. Its far from that... mainly because you dont have to form a separate financing unit within your company... instead you can simply work with a trusted , credible and experienced Canadian busienss financing advisor who can assist you by acting as an independent lessor , in effect an ' in house ' agent for your program . It does not get simpler than that. You in effect have set up an in house finance company to increase sales, at... yes... ZERO COST!

Let's recap some of those critical benefits to your new vendor financing program. We referred to both Sales and Cash previously. By offering financing to your customers you increase revenues by providing options otherwise not available to your client potentially. And, oh yes, lets get back to cash. Instead of waiting 30, 60, or even dare we say 90 days these days to get paid your firm gets paid as soon as your products and services are delivered and accepted by your client. And payment comes from your credible financial leasing partner, so no credit worries there!


We often refer back to a list we learned many years ago about what any customer considers an ' obstacle to innovation ' in the purchase of products and services. Surveys always indicated the cost was #1 on the list. So, bottom line, let a vendor financing program be your ' obstacle remover '; speak to that trusted Canadian leasing advisor today about initiating your program... today.



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 7 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/vendor_financing_program_leasing_plan_customer.html

Monday, June 20, 2011

Canada’s Newest Biz Financing – Receivable Financing Companies and Providers Of A/R Loan Plans


New. Improved. Are we talking about laundry detergent? Not really, instead let’s take a look at Canada’s newest and growing in popularity, form of business financing, A/R loan plans. Can receivable financing companies be the solution to your business challenges? We think so and so let’s show you how the providers of this type of financing work.

Clients always tend to ask us simply why they should be looking at receivable financing .That’s one of the easier questions we get these days.

There are some very strong fundamental reasons why you should be looking at this type of financing for your business, not the least of which is acceleration of cash flow. Receivable finance allows your company to receive cash flow and working capital the day you generate an invoice. Practically speaking you could draw on your invoices every day, but reality shows that most firms borrow on a weekly or monthly basis. Bottom line, it’s your call.

Another key reason that provides of a receivable loan plan work is simply that they have become the de fact alternative to bank financing in Canada. That’s predominantly for small and medium sized business, but you’d be surprised to know that many of Canada’s largest corporations use a flavor of this type of financing also.

In today’s competitive environment your ability to be cash flow positive allows you to enhance your relationship with customers and your valued suppliers. It’s simply a case of what you could call ' professional visibility ‘... and that’s a good thing!

If you are in fact utilizing receivable financing companies for your A/R finance you also are able to leverage at the same time other aspects of Canadian business financing, this includes equipment financing, tax credit financing, term loans, etc. The bottom line is that the providers of an A/R loan are solely interested in collateralizing your receivables, not all your other assets.

Is there one final reason perhaps to consider a provider of A/R loan plan financing? We'll give you a great one, there is essentially no funding limit, in that as your A/R grows so can your facility. Is it just us or have you turned your firm into an ATM machine. That’s cash flow 101 for sure.

The attraction to invoice financing, aka factoring, is just simply that it’s a solution to the ongoing struggle of businesses requiring working capital. And as biz financing tightened up in the last few years Canadian business owners and financial managers looked for alternatives.

That alternative quickly emerged as accounts receivable financing. It’s the selling of your receivables at a discount, as you generate them. The challenge in Canada is picking the right type of facility - our recommended solution to clients is called C I D , confidential invoice discounting, allowing you to bill and collect your own a/r without the notification that is required by your clients for other types of facilities that predominate the marketplace.

So, bottom line? If you are looking for either business survival, or business growth take advantage of the service offered by receivable financing companies. If other sources are limited, and you require capital for expanding your business the solution lies right in front of you, and is being embraced by thousands of other Canadian business owners.

Speak to a trusted, credible and experienced Canadian business financing advisor on why receivable financing companies and providers of A/R loans can help your firm, today.



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 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :

http://www.7parkavenuefinancial.com/receivable_financing_companies_providers_loan_plan.html