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 short term financing. Show all posts
Showing posts with label short term financing. Show all posts

Thursday, August 18, 2016

Business Finance Solutions For Bridge Loans &Short Term Financing That Does The Job









Looking For A Temp?
That’s Temporary Financing Strategy By The Way!



OVERVIEW – Information on short term financing techniques and options in Canada. How specialized bridge loans can help your firm today when business finance solutions demand critical attention




Business Finance
needs are often driven by short term financing needs. That kind of ' specialized financing ' can sometimes best be described as ' out of the box ' strategies normally not in the realm of traditional bank financing. So how can the owner/financial mgr address the need for bridge loans and other solutions that solve immediate problems? Let's dig in.

How then do we identify the providers of this type of financing? It's rarely a ' check the Yellow Pages ' solution! While traditional financing is driven by Canadian banks, insurance companies, gov't, etc it's a challenges for firms seeking SME COMMERCIAL FINANCE needs.

We suppose you might be able to call the government BIL/CSBF program specialized finance, but it is certainly not short term in nature... in effect it’s a term loan with significant government guarantees to the financial institution providing that financing, i.e. the bank.

So while the guarantee is highly prized by the bank this clearly is not a specialized finance program that meets the needs of a short term financing which often revolve around working capital and cash flow needs.

Some situations are severe, and might even require what's known as ' debtor in possession financing ‘, aka ' DIP '. This allows larger firms who have challenges to operate while in the process of making proposals or arrangements with creditors. This ‘last stand' type of financing is clearly not where you want to be, but many medium sized and larger companies emerge successfully from this process.

What then are better options when it comes to releasing cash flow and putting the fix into working capital shortages?

The answer? Your assets! Gaining liquidity from assets that are unencumbered is in many cases the final emergency fix. Longer term assets such as equipment, real estate, etc can employ the ' sale leaseback ' scenario to release cash while still using and ultimately owning again those assets.

That's asset monetization at its best. Almost any asset can be refinanced, including equipment, tech assets, rolling stock, real estate, etc. Either a bridge loan or a lease or mortgage can usually accommodate the financing paperwork. In certain cases appraisals might be required as they protect both the lender and the company.


Short term financing needs are often required by firms who are in the process of exiting traditional bank financing, perhaps after they have been place in ' Special Loans’. In effect the bank relationship is over. Asset based ' ABL ' loans are the perfect solution if your company finds itself in ' Special Loans ‘. Spoiler alert - it won't make you feel that ' special'.

Other short term business finance solutions? They include:

Receivables Finance

Inventory Loans

SR&ED bridge loans



Short term financing in Canada is specialized... niche financing. It requires speed, efficiency, expertise in cost and structuring, etc. Speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in matters of bridge loans and specialized financing needs.



Stan Prokop - founder of 7 Park Avenue Financial
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com


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 '



ABOUT THE AUTHOR

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.






Monday, October 10, 2011

What Are The Options For Short Term Financing And Bridge Loans In Canada ? Specialized Financing Can Help






Temporary Financing Strategies That Can Help Canadian Companies


Information on short term financing techniques and options in Canada. How specialized bridge loans can help your firm today .




Many Canadian firms require specialized financing that might best be described as ' outside the box ' requirements. Short term financing, such as bridge loans, solve immediate problems for Canadian business owners and financial managers.

So who are the firms that provide this type of financing? It clearly is not the government or Canadian chartered banks, so it’s often a challenge for thousands of small and mid market firms to locate specialized financing.

We supposed you might be able to call the government BIL/CSBF program specialized finance, but it is certainly not short term in nature... in effect its a term loan with significant government guarantees to the financial institution providing that financing. So while the guarantee is highly prized by the bank this clearly is not a specialized finance program that meets the needs of a short term financing.

It seems sometimes ironic, but firms that are significantly challenged from a financial perspective are actually the candidates for specialized finance such as debtor in possession financing (D I P) which allows a firm to operate while in the process of filing a bankruptcy proposal to creditors. Naturally the intent of this financing is to emerge as a new invigorated entity.

Essentially the financing takes a security in excess of the current secured creditors - it goes without saying a strong case must be made at this time for survival and re emergence.

So how can you release cash flow and working capital in a short term emergency type situation with existing unencumbered assets? The answer is of course a sale leaseback scenario. Under this strategy you essentially sell and release the assets to your lender. You are basically capitalizing on the investment you have made in fixed assets capital over the years, in effect monetizing that asset.

The good news here is that all types of assets can be refinancing under a short term financing / bridge loans strategy. That includes computing assets, construction equpment, manufacturing assets, printing equipment, and rolling stock.

Company real estate can of course be monetized in the same fashion as above , allowing you to extract anywhere from 30-75% of the value of a proper appraisal of your properly .

Short term financing needs are often required by firms who are in the process of exiting traditional bank financing, perhaps after they have been place in ' Special Loans’. In effect the bank relationship is over.

A multitude of solutions are available to your firm under bridge loans. This might include a comprehensive asset based line of credit encompassing inventory l equipment and receivables, or subsets of that finance such as receivable financing, purchase order financing, or the monetization of a government tax credit such as ' SRED '.


Short term financing in Canada is specialized... niche financing. It requires speed, efficiency, expertise in cost and structuring, etc. Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in matters of bridge loans and specialized financing needs.



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/short_term_financing_bridge_loans_specialized.html