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 start up loans. Show all posts
Showing posts with label start up loans. Show all posts

Friday, October 18, 2019

Here's What Really Matter In Business Funding Sources











Non Bank Lenders That Will Help You Win





Business funding sources
in Canada can come from both traditional lenders, aka ' the bank ' as well as non bank lenders who often are more equipped and prepared to handle shorter term needs in a more timely manner.

Most business owners or their financial managers know that traditional banking organizations in Canada are often unable to meet your business loan and cash flow needs when you are going through a period of financial challenges. So in a time when you are in perhaps a growth mode, or are experience working capital shortages the traditional bank or business credit union will be unable to meet your needs.

The harsh reality ? Simply that banks focus on cash flow and collateral that is more consistent historically and in the present. So high growth and larger build ups in inventory and receivables often creates uncertainty in the minds of Canadian bank lenders.

Even more pronounced is their lack of desire to fund a company when it is restructuring or experience temporary negative cash flow. And don't even talk about taking on very large new orders or contracts in this period of time! Unfortunately sometimes a bank will focus on reducing your access to funding, let alone increasing it ,

Is there a solution then? Thankfully there is , in that alternative finance companies specialize in various forms of asset and cash flow financing that will provide a bridge to more normalized financing structures. In some cases it's a ' bridge loan ' to get your company to it's next stage of growth and profitability or resumption of profit generation. These type of solutions allow you to remove the ' turbulence' that engulfs mgmt in times of cash flow challenges.

How to End Cash Flow Needs


So what do we need to consider when it comes to borrowing for business - It's often simply a case of identifying the best source of capital and not over emphasizing the cost of funding, which in almost all cases is higher in alternative finance. Simply ensure that you are not taking on too much debt on the balance sheet - and in many cases alternative finance sources monetize assets and don't generate debt.

Business owners must realize that the reward of taking on more business and generating more profits and funding daily operations will many times outweigh an additional or temporary cost of capital.

Finally, understand that in the majority of situations non bank lenders who specialize in small business funding fully realize these solutions are temporary in nature - So again we're talking about that bridge. At 7 Park Avenue Financial we focus on a plan that will allow an exit to more traditional financing solutions.

So why alternative finance solutions? Simply these firms look at assets and your current cash flow needs - solutions are tailored to your current situation. Start up loans are also available via alternate funding sources.

 


Bottom line? Focus on your current cash needs and repayment, not rates. Analyze the merits of taking on new business or larger contracts.

Seek out a trusted and experienced Canadian business financing advisor with a track record of success to assist with your company's financing needs.




7 Park Avenue Financial :

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769


Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com

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 .


' 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.



Saturday, September 7, 2019

How to Get Capital To Start A Business with a Government Business Loan













Are You Looking For The Best Government Business Loan to Capital To Start A Business









Government Small Business Loan Financing is a solid way to end the worry around start up loans and lack of capital when starting or buying a business in Canada.

The Small to Medium enterprise ( ' SME'' ) is a great utilization of the popular business finance program. When you think of the worry and risk that comes with starting or buying a business surely financing ranks right up there ! It might just be time to start worrying.

Solutions to start up capital are found via the federal government , in particular the Industry Canada offering. Loan amounts have recently been increased to 1 Million dollars, but the vast majority of these loans tend, in our experience, to be the in 500k and less range.

The business owners ability to qualify simply revolves around the right documentation and your ability to fast track basic issues around your loan proposal. It is without this knowledge that many of the recipients feel frustrated in achieving financing success.

Is the Govt loan program a solid option - we let our clients decide . But when traditional financing is tight and many forms of business finance are simply unattainable start up loans via govt assistance are definitely a major option to consider.It's simply a case of knowing the rules, and as we've said in the past, creating a short roadmap to business finance success.


HOW TO GET SMALL BUSINESS GOVERNMENT LOANS



So why are some of those business folks we've talked about worried or frustrated in the small business loan progress. In reality it helps to have an advisor assist you ensuring you are accessing and qualifying the right amount of funds. You want to ensure you are working with a seasoned business financing advisor who has had success and has expertise in the govt loan process. Validate those credentials .. allowing you to ultimately save a lot of time and money


In our experience there is a lot of myth or misinformation around the program. Here's the truth around some of those myths and misinformed issues.

Anyone legally allowed to borrow in Canada is eligible for the program . You should ensure you can substantiate a reasonable net worth and good credit standing . Experience in your industry certainly helps!

Clients always want to know what is eligible for financing under the program . In fact only 3 asset categories apply - equipment, leaseholds, and even real estate . By far the 2 most utilized categories are equipment and real estate.

Bottom line ? Stop worrying and spend some time getting the real ' skinny ' on business financing offered by the government . Speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success on making the program work for you.