Canadian Business Financing - 7 Park Avenue Financial: technology corporate finance

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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.

Thursday, June 26, 2014

Tech Financing Needs : What You Ought To Know About Technology Corporate Finance

Get Rid Of Technology Financing Challenges Once And For All

OVERVIEW – Information on technology corporate finance solutions in Canada. Consider these tech financing strategies to maximize ROI

Tech financing needs in Canada can be a combination of challenge (and a headache!) Canadian businesses in the SME and large corporate sector. Technology corporate finance solutions, no matter how small or large your company is, come in a variety of flavors and sizes. Let's dig in.

The start up or early phase company has difficulty in attracting any type of financing. So planning for tech solutions and upgrades is crucial and challenging. The reality, as harsh as it is in Canada is that owner equity provides the majority of early stage financing for operations and technology. The irony here is that many times the technology is what will drive higher and faster growth and profits.

Service based businesses, and those relying on ' IP ' (intellectual properly)

create even more of a problem for themselves, as much of the financing for the SME Commercial sector in Canada is ' asset based '. So from the owner/financial manager perspective they feel they are compelled to take financing at rates, structures and terms that are less than favorable.

It's no secret to Canadian business owners and entrepreneurs that it's difficult to pitch technology financing needs to our Canadian chartered banks. The reasons are pretty simple: Tech needs seem to quickly become obsolete, and even with prices of the majority of tech assets going down in price they still are a huge part of any firms ' CAPEX' budget.

So who are the ' sources of financing ' - those firms that can fill the tech financing gap you're faced with? As well, is there a better way to address rapid growth in technology changes and those ' life cycles'?

One way to secure financing for hardware, software, telecom equipment, etc is to take a look at the Government CSBF loan. Recent changes have appeared to make the program even more popular. Billions are borrowed every year under this program.

So is there a clear cut way to finance the acquisition of technologies? The obvious choice? LEASING! The reasons are pretty simple - along with typical tax and accounting advantages the owner/manager has the ability to match cash outflows with the ' estimated ' useful life of the asset.

And because many firms want to ' use ', not ' own' tech assets they also have the choice of opting for operating leases. These allow for maximum flexibility when it comes to upgrades, buying out, or simply extending.

Currently the industry as a whole prides itself of fast approvals, often within a day or so. And again, those assets that can be financed:

APPLICATION SOFTWARE
COMPUTERS
SERVERS
LAPTOPS/NOTEBOOKS/TABLETS
TELECOM EQUIPMENT
PHONE SYSTEMS

If you're looking to get the proverbial ' monkey off your back ' when it comes to financing tech needs seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in ensuring you're ' up to speed' in tech corporate finance requirements.

Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN TECHNOLOGY FINANCING EXPERTISE

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