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 startup. Show all posts
Showing posts with label startup. Show all posts

Tuesday, October 23, 2018

Sources Of Business Capital In Canada . Financing Your Company From Startup Capital To Advanced Growth Stages



















The Reality Of Business Financing In Canada. Opening the Coffers !



Information on sources of business capital in Canada . Financing a startup to advanced growth stages requires these types of expertise and information




There are, of course, limits to the sources of business capital financing
that your firm can achieve in the Canadian business environment. And by the way, that pertains to whether you are a startup or a more mature company looking for advance growth.

Those limits are about the amount of equity you might be able to put in, or raise, and of course the debt levels and type of external financing that you can be approved for. Issues such as personal guarantees and the amount of debt your firm can manage become paramount.

In some cases the amount of capital you in fact are eligible for may be directly tied to personal assets and guarantees. There is a goal here of course, and that’s to ensure that personal guarantee and personal asset liquidation never happens. A very simple rule of thumb? .... Just ensure that your assets are rising commensurate with your personal guarantees. And don't forget to ensure some sort of liquidation calculation and cost is included in your analysis.

Lenders in Canada, bank and non bank by the way tend to want a lien on as many assets as can be negotiated. More often than not that comes in terms of a ' GSA ' - The general security agreement that covers all your assets. While your main lender typically will always have this other lenders might jockey for this also.


Rates often become big issues when it comes to all capital. What you expect to pay and what might be charged often becomes a harsh reality.
So what can the Canadian business owner and financial manager expect when it comes to ' rates ' in various sources of business capital. Rather that talk about specific rates we can offer this - you can expect to pay very high rates for investors, merchant banks, venture capital, etc.

Lowest rates are achieved through traditional bank facilities, leasing, asset based lenders, etc. And additionally those rates will be commensurate with the amount of capital you need. Whether business owners know it or not they are generally put into a category - those categories include start up, early stage growth, mid market, and mature larger corporation.

That is one of the reasons we have chose not to get into specific rates for approximately 15 types or sources of business capital. To clarify, while your firm might be eligible for an asset based line of credit your rates will vary depending on what stage of financial progress your company is in. Good example - business lines of credit are available for rates anywhere between 5% per annum to 1.5-2% per month. The qualifier? Simply the amount of capital you need and the overall financial position of your company and its owners.

So if there is a theme or a ' bottom line ' today it’s simply that you need to take a hard look at what stage your company is in. That ' stage ' will control the amount and rate of financing you can achieve.

Oh, yes, we almost forgot! Those sources of business capital. They include:

Friends and Family

Banks

Government SBL Loans

Asset based lenders

Bridge loans

Lessors

Mezzanine/cash flow lenders

Merchant banks

Etc!

Speak to a trusted, credible and experienced Canadian business financing advisor on which coffers are available to your firm, at what rate, and under what terms. That's the reality of business finance in Canada.





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

Click here for 7 PARK AVENUE FINANCIAL


http://www.7parkavenuefinancial.com


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.




Tuesday, May 24, 2016

Startup New Business Financing In Canada : Sourcing The Business Finance Solution That Works For You


















Looking To Figure Out Startup New Business Financing In Canada?




OVERVIEW – Information on startup business finance solutions in Canada. New business financing requires expert knowledge of solutions available and how they work




New business financing in Canada requires the owner/owners to understand the risk and opportunities in startup challenges. Business finance is all about the risk in balancing starting and growing a company .Let's dig in.

A major consideration in financing a new company is the delicate balance between debt borrowed as well as ownership equity in the business. Your ability to leverage the company properly is the true goal - not missing opportunities as well as not risking default.

The bad news is there is no perfect answer relative the right combo of external financing and owner investment. Early stage companies need to realize that only certain forms of capital financing are available to the business. Safe to say that larger and more established companies have a variety of additional business finance solutions available.

What are the funding sources available for earlier stage businesses? The life cycle of a new business has different cash needs - it's all about determining the minimum amount of capital you need and what alterative structures might be available as opposed to traditional bank financing.

Let's recap typical sources of new business financing in Canada. They include:

A/R Financing/factoring

Inventory loans

Equipment finance

Short Term Working Capital loans

Non bank business lines of revolving credit

Govt Guaranteed Small Business Loans

Tax Credit Financing

As you may have figured out it's really all about determining what stage you company is in, as well as having a good handle on industry characteristics.

Naturally business owners are focused on less expensive capital, notwithstanding the fact that many forms of capital will always be more costly than traditional bank financing or equity finance alternatives. Your ability to demonstrate some good growth, profit margins and an experienced ownership/mgmt team will go a long way to reducing certain startup new business financing costs and rates.

Planning in advance never hurts, issues such as a good business plan, cash flow forecast and mgmt overview are key getting the right financing before you may necessarily need it.

Also, separating long term asset and finance needs from short term working capital and cash flow solutions will demonstrate a proper ' matching ' of sources and uses of funds. The best example of a poor financing strategy is to use short term funds to finance long term assets - example: using a line of credit to fund a capital / equipment purchase.

Proper mgmt of business and personal collateral is key to also managing future financings. Quite often a combination of different funding and capital financings are the best solution for a new business. Proper use of guarantees and asset lines is key in the early stages of a company.

If you're focused on the best type of financing for a new or early stage business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your start up and growth 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.




Thursday, December 6, 2012

Sources Of Business Capital In Canada . Financing Your Company From Startup Capital To Advanced Growth Stages







The Reality Of Business Financing In Canada. Opening the Coffers !




OVERVIEW – Information on sources of business capital in Canada . Financing a startup to advanced growth stages requires these types of expertise and information




There are, of course, limits to the sources of business capital financing that your firm can achieve in the Canadian business environment. And by the way, that pertains to whether you are a startup or a more mature company looking for advance growth.

Those limits are about the amount of equity you might be able to put in, or raise, and of course the debt levels and type of external financing that you can be approved for. Issues such as personal guarantees and the amount of debt your firm can manage become paramount.

In some cases the amount of capital you in fact are eligible for may be directly tied to personal assets and guarantees. There is a goal here of course, and that’s to ensure that personal guarantee and personal asset liquidation never happens. A very simple rule of thumb? .... Just ensure that your assets are rising commensurate with your personal guarantees. And don't forget to ensure some sort of liquidation calculation and cost is included in your analysis.

Lenders in Canada, bank and non bank by the way tend to want a lien on as many assets as can be negotiated. More often than not that comes in terms of a ' GSA ' - The general security agreement that covers all your assets. While your main lender typically will always have this other lenders might jockey for this also.


Rates often become big issues when it comes to all capital. What you expect to pay and what might be charged often becomes a harsh reality.
So what can the Canadian business owner and financial manager expect when it comes to ' rates ' in various sources of business capital. Rather that talk about specific rates we can offer this - you can expect to pay very high rates for investors, merchant banks, venture capital, etc.

Lowest rates are achieved through traditional bank facilities, leasing, asset based lenders, etc. And additionally those rates will be commensurate with the amount of capital you need. Whether business owners know it or not they are generally put into a category - those categories include start up, early stage growth, mid market, and mature larger corporation.

That is one of the reasons we have chose not to get into specific rates for approximately 15 types or sources of business capital. To clarify, while your firm might be eligible for an asset based line of credit your rates will vary depending on what stage of financial progress your company is in. Good example - business lines of credit are available for rates anywhere between 5% per annum to 1.5-2% per month. The qualifier? Simply the amount of capital you need and the overall financial position of your company and its owners.

So if there is a theme or a ' bottom line ' today it’s simply that you need to take a hard look at what stage your company is in. That ' stage ' will control the amount and rate of financing you can achieve.

Oh, yes, we almost forgot! Those sources of business capital. They include:

Friends and Family
Banks
Government SBL Loans
Asset based lenders
Bridge loans
Lessors
Mezzanine/cash flow lenders
Merchant banks


Etc!

Speak to a trusted, credible and experienced Canadian business financing advisor on which coffers are available to your firm, at what rate, and under what terms. That's the reality of business finance in Canada.


7 PARK AVENUE FINANCIAL
CANADIAN BUSINESS FINANCING ACCESS!


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/sources-business-capital-financing-startup.html



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