Accounts Receivable Financing and Factoring Facilities Help Canadian Businesses Grow!

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Recent Studies in the U.S., (and we believe the Canadian business landscape is very similar) suggest that one of the most viable ways for businesses to grow and continue growing in the current economic and somewhat difficult credit environment is to consider a factoring working capital facility for their business. This type of financing facility is also known as an accounts receivable financing facility.

When business credit and access to business credit gets difficult Canadian business owners should of course investigate every 'tactic 'to get their company financing properly.

If your company is doing reasonable well, and the general economic and business and credit environment is quite positive naturally more traditional financing is considered - as a Canadian business owner you know the drill - prepare an executive summary or business plan, produce several years of financial statements, and meet with your Canadian chartered bank to discuss receivable or term financing. The reality of today's economic environment is that many businesses aren't in a position to pursue this traditional financing and therefore must consider what the alternatives are.

One of the appeals of factoring / accounts receivable financing is that your business is generating positive cash flow right out of the gate.

One of the other main benefits of such a facility is that business owners and financial managers can focus on running their business, and not spending all their time on cash flow problems and working capital challenges. We would point out that the time save on collections of course refers to the factor that the finance or factor firm is the one collecting your accounts receivable. Many business owners do not like this direct contact with the customer, and that is one of the reasons that the Canadian business environment has, relatively speaking, been ' slow ' to catch on to factoring.

This necessitates a brief discussion around the concept of notification and how factoring has traditionally been done in the U.S. and elsewhere in the world. Factoring started hundreds, some say thousands of years ago in Europe and Asian. Traditionally it involved the total 'sale 'of your receivables, your firm got the cash but you didn't own or collect the receivable at that point. In recent years, due to the creativity of the North American financing markets there are numerous other product offerings related to factoring, one of which is ' non - notification '.

We believe non-notification factoring is the absolute best solution for Canadian business owners who are considering alternative financing. Under non notification type facilities you bill and collect your own receivables, while at the same time receiving cash for them as soon as you generate your invoices. This provides a double whammy, so to speak!

1. You bill and collect your own receivables and get cash ASAP

2. You maintain the relationship with your customer, which is key to most Canadian business owners

As we have noted in the past factoring is more expensive than traditional financing, but that premium that is paid provides you with literally all the cash you need to grow your business. Savvy Canadian business owners are able to use that cash to improve supplier relationships, take prompt payment discounts, and purchase more inventories for sale to their customers. In certain cases, all, yes we repeat, ALL! Of the costs of a factoring facility can be offset by good gross margins and strong operating efficiencies.

Is it any wonder by factoring, accounts receivable financing and non traditional working capital facilities are becoming more popular in Canada? We don't think so!


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.


Stan Prokop





Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698

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Working Capital Business Financing Sources

Information on how business owners can access working capital business financing. What solutions to business credit best fit your short term or long term growth and profit objectives?

Working Capital business financing is never a question of why - it's just simply a matter of when! Working capital and cash flow are of course the heart of every business. The challenges of obtaining that financing become a question of time.

Perhaps you need cash for for your regular ongoing business cycle - that's the simple one - you buy inventory, your produce things, you sell, bill and collect. In a perfect world your suppliers give you unlimited time to pay, and unlimited credit limits. And of course your customers pay you in exactly 30 days. Guess what? It's not a perfect world!

If you are a traditionally financed firm you have access to bank capital for revolving credit lines based on your business needs. But for a growing number of Canadian firms that access to traditional bank capital is not available. Those scenarios require a special expertise in identifying sources of business financing that work for you. The solutions actually are quite numerous - its becomes a questions of which solution works for your firm, what are the costs involved, and does the solution fit within your business model.

The business financing we are talking about can take many different forms - it might include an asset based line of credit, inventory financing or purchase order financing, a sale leaseback on unencumbered assets,, working capital term loans, or accounts receivable financing, otherwise known as factoring.

One of the most important things you can do for business financing is to ensure that the type of financing you source matches your needs. What we mean by that is that you should match short term needs with short term financing. Factoring might be a good example. If your receivables aren't financed, and you need cash to meet inventory and supplier commitments that type of financing is immediate and addresses your needs. Why would you enter into a five year term loan at fixed payments for a short term capital need or requirement?

The best way to think of short term financing is to focus on the current assets part of your balance sheet - those items include inventory and accounts receivable typically. Those assets can quickly be monetized into a working capital facility that comes in a variety methods. The reality is that your inventory and accounts receivable grow lock step to your sales and your ability to finance them on an ongoing basis will give you access to, in essence, unlimited working capital.

There are some solid technical rules of them around how you can generate positive pricing for operating facilities. By calculating and analyzing some basic financial ratios (we call them relationships) in your financial statements you can get a strong sense of whats available in working capital business financing and what pricing might be involved. Those ratios are your current ratio, your inventory turns, your receivables turns or days sales outstanding, a, and your overall debt to worth ratio. Depending on where those final ratio calculations come in will ultimately allow your working capital financier to put your firm in a low risk, medium risk, or high risk band of pricing?

In Canada working capital rates range from 8-9% per annum to 1-2% per month, depending on what assets are financed and how they are financed.

So whats our bottom line in working capital business financing? It is simply there are alternatives available and you as a business owner of financial manager can assess those alternatives in terms of short term needs or long term needs. Pricing and solutions vary, and your ability to convey the positive aspects of your business to the working capital lender will ultimately lead to a final pricing and solution. Speak to a credible, experienced and trusted working capital business financing advisor to determine what solutions are the best for your firm.

Stan Prokop is founder of 7 Park Avenue Financial - http://www.7parkavenuefinancial.com

The company originates business financing for Canadian companies and is a specialist in working capital, cash flow, and asset based financing. In business 6 years the company has completed in excess of 100 Million dollars of financing for Canadian corporations of all size.

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.


Stan Prokop


Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698

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Reinventing Your Business Funding With Asset Based Lending Companies

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OVERVIEW: Information for Canadian business owners and financial managers on a growing trend in business funding served by non bank asset based lending companies. Business Financing that's here today and available (If you have assets!). Business Financing In Canada That You Need and Can Access.

Asset based lending companies have come a long way baby! Seriously though, business funding has dramatically changed in Canada - it was always a challenge - 2008 Global implosion happened, and guess what, business financing is more challenging than ever. Every Canadian business owner and financial manager for companies of all size and industry knows that.

We're all heard that when the going gets tough the tough get... well you know what we mean. So business financing via asset based lending was slowly becoming more popular in Canada (It's huge in the United States) and has become, can we say ' ultra popular' in our current time.

Asset based lending as new as it is in Canada certainly can't really be called 'innovative' - it simply focuses on, guess what 'assets'! It is essentially a great financing solution for companies that are normal, distressed, leveraged, experiencing high growth, etc.

The problem we have with the term asset based lending or asset based finance is simply that it is a bit of a catch all when it comes to being used or explained to business owners. We define this type of business funding as revolving lines of credit based on asset quality, receivable discounting, inventory and trade financing, which sometimes can actually include purchase orders or contracts.

The reality is that this type of financing can be customized to every industry for companies of all size, although typically we tell clients that the facility works best on transactions of 250k+. Asset based lending companies can help you manage and grow your business, with the focus on 'grow'.

The biggest misunderstanding around asset based lending is that typically it is not done via a bank; it is managed through private independent finance firms that are very experienced in asset valuation and funding. Their experience allows them to take a look at your finance-able assets and maximize what is known as an ongoing ' borrowing base' for those assets. Typically we are talking about receivables, inventory, equipment, and as we noted, in some cases purchase orders and contracts.

The benefits of working with asset based lending companies are that it is a fast, innovative method of financing your company that is not focused around the requirements that a Canadian chartered bank would typically impose. We can honestly tell clients we have never seen an asset based line of credit not deliver on significantly more financing that the customer would have ever achieved with a bank revolver.

So what's the bottom line - simply that by investigating this method of business funding you potentially have the ability to enhance your overall business financing for growth and success. Speak to a trusted, credible and experienced business financing advisor who can put you on track to better business financing! That's a good thing.

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 6 years - has completed in excess of 45 Million $$ of financing for Canadian corporations.Info re: Canadian business financing & contact details: http://www.7parkavenuefinancial.com/asset_based_lending_companies_business_funding.html

Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698
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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.


Stan Prokop

Business Loans & Bank Loan Choices In Canada : Understanding The Financing Alternative

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Looking To Avoid Business Financing Disasters?

OVERVIEW – Information on business loans in Canada. Whether you’re exploring a bank loan or the new frontier of financing alternative solutions you need this information

Business loans in Canada have owners/financial mgrs treading some specialized ground. How can the financing alternative solutions available be accessed if they aren't understood. Even bank loan scenarios have some critical factors attached to them. Let's dig in.

Let's examine three things you need to know that will allow you to feel that bank financing in Canada is not insurmountable. The general sentiment among small, medium, and in some cases large corporations is that bank financing is both difficult and challenging in the Canadian marketplace.

Let's examine three key points that will assist most business owners with overcoming obstacles to Canadian bank financing .They are as follows -

1. Are you looking for operating financing or term financing with your bank - there is a difference!

2. What are the key issues around bank financing access?

3. What are the requirements to obtain specialized alternative financing?

The reality is that traditional financing, aka ' the bank ' requires the spirit of a true working relationship. It should pretty well never be all about just rate of course, as terms are critical also. Bankers focus on relationships while alternative financiers are more 'transaction' ' timing' focused!

A line of credit or a bank term loan? Is there a difference? There definitely is! If you are looking to either purchase an asset or expand your business your focus should be on the preparation of sufficient data to support that financing request.

We feel strong that to be considered for such financing you probably should have an established relationship with the bank already, either on a personal or a corporate basis. It would also help if you had already established some form of operating facility.

In many cases your firm simply needs an operating facility. If you are an established business, have growth and profit potential, and a relatively clean balance sheet you are in a position to negotiate an operating facility for receivables. Typical facilities margin your receivables at 75% and inventory typically might come in at 40%. We encourage clients to carefully discuss what we will call 'bulge needs 'with your banker.

Remember that it's challenging when you find out that banks can't support temporary increased needs, often called ' bulges ;.This is in many cases where the client and bank relationship falls apart, because the business owner assumes that the bank will support increased temporary needs for the business.

Whether you're focused on bank financing or alternative finance the basics should always be available - financials / cash flow / business overview -plan, etc.

Having a primary lender is often the most desirable financing alternative. However, be aware that in today’s environment numerous alternative finance solutions are readily available - They include:

A/R Financing

Inventory Loans

Asset based non bank credit lines

P O Financing

SR&ED Tax Credit Loans

Sale Leasebacks


Etc!


Knowing what financing works for your business, as well as what's available and approval criteria is key to avoiding financing and cash flow disasters. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow & business loan 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.


Stan Prokop

Business Financing In Canada: The Do’s & Don’ts Of Working Capital Loans & Debt Finance

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We’re Doing Some Fact Checking On Canadian Business Financing

OVERVIEW – Information on business financing needs in Canada. Business Owners and financial mgr’s need to know the right type of working capital loans and debt finance specific to their growth and funding needs

Business Financing in Canada , when it comes to working capital loans and debt finance solutions comes with a lot of... do's and don'ts! We've been doing some fact checking, (which seems to be happening a lot these days!) so let's dig in.

Most business owners / financial mgr's recognize that the search for capital and funding for their business is never ending.

Two key facts clearly emerge:

1. Working capital needs are both short term and long term - It's key to know which one (or both?) that your company needs

2. Once your company has determined the type of working capital or debt you need what are your options and how to do pursue those successfully and in the least amount of time?



We've stated that working capital is both a short term and a long term need. Let's examine that key point. When we talk to clients about working capital needs it becomes apparent they are often confused by 'textbook issues 'as compared to real world issues. The textbook of course tells us that working capital is a simple calculation - go to your balance sheet, subtract current liabilities from current assets, and , voila! There's your working capital. The perfect answer, right? The reality is that business owners must consider two key elements not often covered off in the textbook.

They need to know their cash flow needs based on past issues, current and future needs. Also, turnover of current assets is critical and many Canadian business owners and financial managers don't know how to measure turnover. If A/R and inventory isn't turning properly your working capital is going to feel ' sluggish'!

And if those two assets are building up not in relation to sales that's a bigger problem.








We're talking about short term needs vs. long term needs as we have stated. You may have had historically enough cash flow for working capital to satisfy your overall sales growth needs. But what if you have a large new order or contract you need to fulfill. That more often than not necessitates a short term need for cash flow to fulfill purchase orders, contracts, etc.

The good news is that, with the right help and knowledge it's relatively simple to measure cash flow needs. Don't forget though that sales and profits rarely relate perfectly to cash flow! When that issue becomes painfully obvious it's somewhat too late to put the proper fix in place.

Two options are in fact available for your firm when considering a working capital solution. One of those options is to take on more debt, and enter in a working capital term loan - this is simply a cash term loan with a fixed repayment and term - typically three to five years.

For larger firms this might be called subordinated debt, or mezzanine financing, but for smaller and medium sized companies in Canada we can simply say 'it's a working capital loan '! This type of financing puts permanent working capital into your business and allows you to feel comfortable that you can meet short term obligations such as lease payments, etc. If there is a disadvantage to this type of financing its simply that in reality you are adding more debt to the balance sheet, as the working capital loan is debt .

You can also monetize existing assets to maximize cash flow. Typically these assets are A/R, inventory and fixed assets. Yes you are leveraging those assets, but the reality is that your balance sheet ratios stay intact.

For smaller and medium sized firms in Canada these solutions come under several names, working capital facilities, asset based lines of credit, or even a standard operating line of credit with a Canadian chartered bank that allows you to margin receivables and inventory .
In summary, we have covered off the need for business owners to determine what type of working capital they need, albeit short term or long term .

Ensure you're aware of the important do's and don'ts in business financing solutions available. Do your fact checking, and consider seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor for finance leverage.





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.


Stan Prokop

Business Financing Sources In Canada: Are Cash Flow & Capital Loans What Your Company Needs Today?

Business Financing More Confusing Than A Fun House Mirror ? Here’s Some Solutions

OVERVIEW – Information on business financing sources in Canada. The cash flow and capital from the right loans helps grow sales and profits

Business Financing Sources must seem like a ' fun house mirror' for Canadian business owners and financial mgrs. They want to know the potential sources of working capital financing & other funding so they can profit from sales and growth opportunities. The challenge? Knowing what's available and what's appropriate for their company! Let's dig in.

Operating capital is viewed as one of the most critical aspects of ongoing financial liquidity; simply put, the ability to meet your short term and long term obligations. The solution for that more often than not is a traditional (or alternative finance!) business credit line. The more access you have to this type of financing helps guarantee chances of overall financial success. It's a simple bottom line - accessing capital and cash flow to expand and grow.

The textbooks of course to a great job of defining working capital. However the real world use and understanding of that term differs somewhat!

Finance books tell us working capital is calculated by subtracting current liabilities from your current assets. The major current assets are receivables and inventory. When we meet with clients to discuss their working capital needs we focus more so on two issues within those working capital components that the finance textbooks don't really often touch on!

They are:

- Turnover of working capital

- Margining of working capital

So the key point for business owners is not really what the text books says, it is that you need to be able to understand how to convert these assets into cash ! We do of course agree thought that positive working capital (what you have) is better than negative working capital (what you owe)!

Sitting down and working through changes in their working capital is one of the most valuable tools in understanding your current and future cash flow needs.

A fine balancing act is created, one in which you are liquidating your receivables and inventory on an ongoing basis, but at the same time managing to keep your short term obligations to suppliers current.
Another hard reality of business financing is that working capital varies by company and in general by industry. The amount of turnover in inventory and A/R varies considerably in every business.

We have discussed the definition and importance of working capital. So what are the sources of those funds? In a perfect world your company should have that aforementioned overdraft or operating line of credit with the bank.

The is the cheapest and lowest cost method of financing short term cash and working capital needs in Canada. The challenge is of course being able to meet the banks criteria for lending, which include personal guarantees, additional collateral possible, and imposed loan covenants and ratios.

A growing and more popular solution is asset based lending, this has little focus on the bank qualities demanded by Chartered banks and is more focused on what we discussed above, your firms ability to margin and leverage current assets and turn them over more quickly, thereby increasing sales and profits, albeit at a higher financing costs.

Other solutions to the business financing need include:

A/R Financing

Inventory Loans

Equipment Leasing

Bridge Loans/Sale Leasebacks

SR&ED Tax Credit Financing

Ultimately each Canadian business owner must understand their working capital needs and determine which solution works best for them.

Plan for growth, and seek out and speak to a trusted, credible and experienced Canadian business financing advisor to understand what sources of capital are available and which work best for your company.



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.


Stan Prokop