Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
WELCOME !
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.
Tuesday, July 22, 2014
Commercial Bank Business Loan Success In Canada : Key Ingredients In Financing Businesses Properly
Hitting The BullsEye With Bank Loans And Financing In Canada
OVERVIEW – Information on the commercial bank business loan in Canada . Financing business needs comes via understanding key elements and alternatives
Financing businesses in Canada for the majority of business owners and financial managers conjures up more often than not only one thought - a commercial bank business loan. While other alternatives exist, more so today than ever our banks are usually top of mind when it comes to finance solutions. Let's dig in.
Whether it’s operating capital to run and grow their business or term debt of some sort it’s that external capital challenge realization that becomes your focus. For businesses in the SME Commercial (small to medium enterprise) sector that funding might come from personal resources or the proverbial ' friends and family ' but typically the owners focus is either a bank or commercial finance firm.
Does the typical owner / manager understand what drives bank approvals for financing requests? When we talk to clients it's usually listening to their negative experiences in accessing bank funding. We've always found that interesting as there is probably not a more straightforward system that banks use to scorecard and approve financing. Let's take a look at some of those key ingredients in properly funding a business.
Let's take a look at that system a bit, if anything it will provide the borrower with the ability to self evaluate , saving time and energy on getting the right financing. Oh, and by the way, in our opinion it's the banker not the bank, so focus on a relationship, not a logo.
While banks offer a number of solutions - typically revolving credit facilities, term loans, asset financing, etc. the focus for approval always comes down to looking at current and forecasted financials to determine the best method of structuring financing.
That is not to say that past performance is not also looked at, as well as the overall asset quality of your business in relation to the amount borrowed.
The actual 'net worth ' of a business is key in bank financing. The amount of debt you have, in combination with the amount you are requesting must make sense to the bank. One key rule of thumb for the majority of industries in Canada is that your total debt should not be more than 2 times the equity in the business. As we said though, that formula varies within industries.
Many businesses in the SME sector, particularly start ups and smaller firms can take advantage of bank financing via the Government Small Business Loan. Recent changes to the program make this financing even more attractive, but it already offered good rates, Borrowing limits recently increased also, with the previous limit being 350k.
When bank financing is not available for the firm that can’t meet the ownership equity issues and cash flow coverage that a bank desires non bank solutions usually can. They include:
A/R Financing
Inventory Finance
Asset based non bank revolving credit facilities
SR&ED Tax Credit Financing
Equipment Financing/Sale Leasebacks
Working Captial term loans
PO Financing
If you're looking to hit the ' bulls eye ' in a commercial bank business loan seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help ensure success.
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 :
http://www.7parkavenuefinancial.com/commercial-bank-business-loan-financing-businesses.html
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '
Stan Prokop
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Monday, July 21, 2014
Finance Companies And The Bank : Your Pre Flight Plan For Canadian Business Financing Has Changed
We’re Not In Kansas Anymore Dorothy .. Canadian Business Financing Has Changed
OVERVIEW – Information on changes in Canadian business financing . The solutions and roles of finance companies and banks have changed dramatically
Canadian business financing has changed. As we learned in the classic Wizard of OZ MOVIE what you expect in one world might not necessarily be the case. Sorry about that Dorothy!
Simple as that. So whether it’s ' the banks ‘, or commercial finance companies in Canada you need a 'flight plan ' of sorts, more than ever, for the finance challenges your company faces. Let's dig in.
Most business owners and financial managers recognize that the access to the financing they need is vey much dependent on the current state of the credit markets, economy, etc. As an owner/manager of a business you keep hearing about all the ' capital ' that is out there, it just doesn't seem to be anywhere close to you!
When accessing credit through banks or finance companies in Canada it’s all about terms, rate and structure that suit your specific business. That then needs to be broken down into the right delivery - from either a Canadian chartered bank, a commercial finance company or asset based lender, and in a small amount of cases equity financing from VC’s, PEG's ( private equity groups ) etc.
By the way, probably only one of every 500 or so firms is actually a candidate for equity type financing in Canada, so valuable time is often wasted pursuing this route. However, if you're one of those 500 Congrats!
So how do you know which funding alternative makes the best sense for your firm. It's important to realize what ' stage ' your company is in, which ranges from pre revenue start ups to mature growing companies , and in the middle of all the SME COMMERCIAL area - the latter probably being the largest sector.
Use of funds is important in consideration of financing. That might be all the way from acquiring another business, to acquiring new assets, monetizing cash flow, etc.
There is a very basic ' flight plan ' you probably should follow in seeking financing. That includes thing such as being prepared for the right timelines, as it ALWAYS takes longer than you think, so starting early is important. Knowing your competition is financed is also helpful as certain industries qualify much better for certain types of financing.
As we are focusing on non equity type options, it's important to know what debt financing makes sense, how it works, and what asset monetization strategies cost.
So what in fact are those potential sources of financing from banks or commercial finance firms? They include:
Bank lines of credit / term loans
A/R Financing
Inventory Finance
Purchase order/supply chain financing
Asset based loans/bridge loans
Equipment Financing/ Sale leaseback strategies
Monetizing SR&ED tax credits
Government Small business loans
Cash flow/mezzanine loans
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 matching and sourcing the right amount of financing for your company.
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 BUSINESS FINANCING SOLUTIONS FOR DEBT AND ASSET MONETIZATION
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '
Stan Prokop
Friday, July 18, 2014
AR Finance In Canada : Avoiding Rough Waters In Receivable Services Purchase Financing
Take A Swipe Against One Of The Two Negative Issues In A/R Financing in Canada
OVERVIEW – Information on receivable services in Canada . When it comes to purchase financing and AR Finance certain negative perceptions around this method of financing can be easily corrected . Here is how
Receivable services as they relate to purchase financing are often a major point of discussion when it comes to two areas of consideration - how they work on a day to day basis, and of course... pricing.
Some might say there are some ' rough waters ' as it relates to this aspect of Canadian business financing. We've got some thoughts on pricing, but our real focus on AR finance today is really how a facility works. Let's dig in.
Many clients we talk to are simply not aware of the growing popularity of receivable finance - and it's a world wide movement by the way - if anything Canada was a bit late to the game. Confusion often exists in the mind of the business owner/financial manager as it relates to the differences in financing your A/R via the bank or a third party commercial finance firm.
We can say somewhat ' tongue in cheek ' that one of those differences is approval by they way!. But putting aside getting approved the real difference is how these facilities work.
The words ' purchase ' and ' collateral ' are key in understanding the financing differences. In the case of a Canadian chartered bank it takes your AR as collateral under a borrowing agreement. The paperwork around receivable financing in effect states you sell your A/R as opposed to collateralizing it. That's the key difference.
One benefit of receivable services is that you can utilize it on an ongoing basis for all your accounts, all the time, or, if you choose you can selectively only utilize what you need at any given time. In fairness that of course also exists at the bank under their facility - in both cases you are only paying for what you use.
For 99% of all purchase financing of receivables there is a requirement that your client be 'notified ' of the financing arrangement. This creates those ' rough waters ' for many business owners as they don't necessarily like to have the world see how they are financing their business, much less their competitors.
So can the owner/manager seeking cash flow financing avoid that whole issue of notification? The answer is a resounding ' YES YOU CAN ' - and that is achieved via Confidential Receivable Financing.
How does that work then? It's pretty basic - your firm and your firm alone are responsible for billing and collecting your own invoices. Naturally the better you are at extending credit and managing asset turnover in receivables lowers the overall cost of this method of financing. (These costs can be reduced big time in other ways - including your new found ability to take discounts with suppliers as well as the opportunity to negotiate better pricing with suppliers based on payment terms and ability)
The qualifications for Confidential A/R financing are still the same - your customers must be inside North America, you must have the ability to produce regular financials and your business must be in a steady or upward spiral as opposed to ' downward '!
AR Finance purchase financing of receivables makes total sense when you are unable to achieve the cash flow and working capital needs via a bank or owner equity. To re view how things work , costs, and benefits consider seeking out and speaking to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in navigating rough waters in financing considerations for your company .
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 A/R FINANCING EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '
Stan Prokop
Thursday, July 17, 2014
Cash Flow Finance Needs : Behind The Scenes Solutions In Working Capital Financing In Canada
Here’s Your ‘ Eject Button ‘ For Bad Working Capital and Cash Flow Situations
OVERVIEW – Information on cash flow finance options for Canadian business owners and financial managers . Are you up to date with available solutions for your business working capital needs?
Cash flow finance brings out the curiosity in business owners and financial managers in Canada. That curiosity is often driven by wondering what the competition is doing, and, as importantly, have the company’s current strategies around working capital financing really worked out. Let's dig in.
Unfortunately in many cases you might feel that it’s about time to press the ' EJECT ' button from your current financing situation. Cash should be moving through you business... but it isnt. Part of the reason is the age old issue that sales growth and profit don't equal cash in a ‘business to business' environment. Over the long term things seem to always work out... it's the short term that is the challenge.
If you feel your business is ' failing ' in the cash area it boils down to your business model , how you manage your assets, and what type of financing you are or arent using to manage the whole sales/cash cycle.
In certain cases businesses need to either acquire or replace assets. Here some of those liquidity dangers we have been talking about get really exacerbated. That is because it's even more dangerous when you use daily operating working capital and cash on hand to acquire assets that will be used by your business over the long term.
The solution to that problem is typical leasing finance - With either no o minimum cash outlay your business has the ability to acquire production assets, new technology, and rolling stock. Etc. Almost any asset can be financed under different ownership or renting structures. So if you're focused on long term survival and growth that won’t come at the expense of a cash flow crisis investigate the equipment lease finance option.
The textbooks, as always, have the tools to tell us where our business is at in terms of cash flow and working capital. They do this through the use of financial ratios which pinpoint the businesses overall solvency. However even when those ratios they give us are positive a cash flow crisis can be just around the corner. That's because your investment in receivables and inventory look great on paper, they just aren't converting to cash. That's when investors, lenders, bankers, and suppliers start to sense a problem and in business it's all about your reputation, especially when it comes to suppliers and lenders.
How does the business address ' bad ' working capital and cash flow situations. Whether you qualify for a traditional solution or alternative solutions a number of scenarios can reverse the upcoming cash flow crisis you are sensing.
They include:
A/R Finance
Inventory Finance
Traditional bank credit lines
Non bank asset based lines of credit
Sale leaseback of owned assets
Working capital term loans
Purchase order financing
Tax credit (typically SR&ED) monetization
Which one of these, singularly or together will give you the ' EJECT ' button from that bad cash flow scenario? The answer lies in seeking out and speaking to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your working capital challenges.
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 :
http://www.7parkavenuefinancial.com/business-cash-flow.html
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
7 Park Avenue FinancialSouth 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 '
Stan Prokop
Wednesday, July 16, 2014
ABL : Business Credit Lines Everyone Should Be Talking About : Here’s Commercial Line Of Credit 101
Choose Wisely, Not Randomly when it comes to Business Credit Lines
OVERVIEW – There are different solutions to a need for a commercial line of credit . ABL ( asset based lending ) business credit lines offer a solid alternative to traditional borrowing needs .
Business credit lines or more specifically, the lack thereof! ... Can be a major business and growth challenge for Canadian companies.
Top experts tell us a commercial line of credit is in fact a necessity for any business that sells on credit and has investments in one or either of receivables and inventory. ABL facilities compete with Canadian chartered bank facilities to try and satisfy the thirst for business credit. Let's dig in.
It should go without saying that commercial credit facilities differ significantly from consumer borrowing. There the emphasis is on personal credit, payment history, credit reports and scores.
The business of commercial borrowing revolves typically around your own firm's lending practices to your accounts, as well as the peculiarities of your own business model/business cycle.
Credit lines for business really come down to two key areas - how you are managing your assets, as well as what type of commercial borrowing best suits your asset base.
Canadian chartered bank credit line rates are currently at historical lows - so the ability to qualify and borrow against those rates is a win for any business. Businesses that seek out ' ABL ' (asset based lending ') fall into two basic categories:
1. For a multitude of reasons they don't qualify for bank facilities
2. They qualify for bank credit - but not for the amounts they need!
Businesses can also be considered for ABL lines if they are what the industry calls ' story credits '. Conditions for story credits typically include:
Explosive growth that doesnt allow for ' traditional ' financing
Erratic profit and loss history
Turn around
Management buyout
Businesses that have had their bank loan called - they are in the so called ' Special Loans' category at the bank
Numerous types of ' ASSET BASED LENDING ' players exist in Canada - they range from divisions and subsidiaries of our banks, U.S. owned commercial finance firms, Canadian finance companies focused solely on ABL lending, and... Sorry for making things more complicated... subsets of asset based loans that focus on niches.
Those ' subsets "? They include A/R financing , inventory finance solutions, Purchase Order Financing , SR&ED tax credit financing , and combinations of all the above !
So how do the Canadian business owner and financial manager choose ' wisely ' NOT ' randomly ' when seeking business credit lines?
First, get comfortable with how asset based lines of credit work. Typically they bundle your A/R, Inventory and Equipment values into one basic borrowing facility and you borrow as you need from there. By the way borrowing margins are more generous with ABL - receivables are margined typically at 90%, inventory anywhere from 30-70%.
Also, ensure you deal with a firm you are comfortable with from a management and reputation perspective. Some ABL lenders are divisions of asset liquidation firms - and in the past there have been examples of a focus on asset liquidation as opposed to client servicing via lending! Ensure also you're not paying monthly for borrowing facilities you are not using.
Firms that consider bank ABL facilities sometimes have found those facilities not dissimilar from traditional bank credit. And while rates are (almost) always higher for ABL lines of credit that must be balanced against your ultimate access to capital - don't just focus on cost. The good news - ABL rates have tended to come down.
If you want to better understand what thousands of business owners have been talking about, i.e. ABL... 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 choosing ' wisely '.
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 BUSINESS CREDIT LINE EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ? CONTACT:
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 '
Stan Prokop
Monday, July 14, 2014
Federal Government Small Business Loan : Solving Business Problem Tailspin Via SBL Canada Loans
The ( Sometimes Inconvenient ) Truth About Government Small Business Loans In Canada
OVERVIEW – Information on the federal government small business loan program in Canada . Do SBL loans work ? Are You Eligible ? Everything You Wanted To Know .. But were afraid to ask
SBL Loans , aka the ' Federal Government Small Business Loan' program in Canada can sometimes is the financing lifeline for the Canadian business owner - Start ups included by the way. Oh and that includes potential franchisees in Canada's franchise industry also. Let's dig in.
It is no secret that many business owners and entrepreneurs are pointed to Industry Canada's ' CSBF’ program when they are looking for business funding. Although Canada's version of this popular U.S. program ( They call it ' SBA;) is somewhat limited in nature ( it finances only 3 asset categories - more about those later ) its not hard to see the appeal of this method of financing a business , growing a business, and yes, even buying a business .
The simple reason? Great rates, structures, and terms - simple as that. Business owners/entrepreneurs can be forgiven for thinking they have to deal with ' government ' for this loan program. That's not the case, as that typically might conjure up visions of red tape, bureaucracy, etc.
Instead the government simply provides loan guarantees to our Canadian chartered banks, which effectively run and administer the program under govt guidelines. They in effect promise to repay the large majority of the loan in event of a default - not every client we speak to understand that sometimes.
We spoke of the different asset categories of SBL loans that can be financed. Those 3 categories include:
Equipment (new of used)
Leasehold improvements
Real Estate - (Note: we believe very few real estate deals are accomplished via the SBL loan but it’s certainly available)
The somewhat ' inconvenient ' truth about Govt small business loans in Canada is they can not be used for working capital and cash flow needs. That's a common misconception. So essentially its term debt vs. asset monetization strategies. Businesses of all credit quality can still access other cash flow needs via A/R financing, inventory finance, PO financing, etc.
So the $64,000 question? Do you qualify for an SBL loan?! Eligibility boils down to some very basic issues:
You must be legally allowed to borrow in Canada - for example Cdn citizen or landed immigrant status
You must have reasonable good credit and a reasonable net worth - By the way no personal assets are collateralized under the loan - the only guarantee you provide is a' partial loan guarantee personally ' and a 'promise to pay ' via your business
Typical business packages we prepare for clients of the program include owner bio, business plan, cash flow forecast, and financing breakdown for the loan.
Are there disadvantages to the program? Most clients we speak to are concerned about timelines for approval - the truth is that a properly prepared and presented package can easily be approved in a few business days. You should be able to properly position that your net worth at least covers the portion of the loan that isn’t guaranteed to the bank from the government
In many cases that we have seen clients have tried to align themselves with bankers that don’t fully understand or like the program. Nix those quickly and choose instead to work with a trusted, credible and experienced Canadian business Financing Advisor with a track record of success that can assist you with federal govt loan program financing that works for your venture.
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 SMALL BUSINESS LOAN EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT: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 '
Stan Prokop
Film Finance Companies : Are You In The Loop On Financing Films Via Tax Credits & Other Strategies
A ( Pretty Well ) Complete Guide To Film Financing In Canada For Independent Films
OVERVIEW – Information on financing films in Canada . Tax Credits and other loan strategies via film finance companies will help ensure success in your Media strategy
Financing films in Canada can only be described as ... challenging! For some producers and owners it surely must seem like a life long journey in efforts to finance projects. A search will even reveal that numerous films and documentaries exist about the actual financing of a movie! Let's dig in.
Film finance companies in Canada exist but are surely not in abundance. So whether it’s the tax credits that assist to finance projects or the other elements of a full financing package its critical to get some basics under your belt.
The good news in Canada is simply that there are numerous incentives, primarily under a tax credit regime that that assist you in completing a full financing. The tax credit itself is always a key part of the ' puzzle “.
In any aspect of business outside expertise and experience always helps, and that’s an understatement when it comes to film. You want to be able to know how to access various programs, how they work, and to ensure you qualify for maximum financing.
The actual tax credit itself is typically a combination of a federal and provincial amount. To us the phrase ‘Don’t try this by yourself at home ' comes to mind when it comes to tax credits. While it is possible to file your own application and claim your best bet is always to get the assistance of a film tax credit account ant - like many areas of accounting expertise these folks ' maximize ' your claim and ensure you are qualifying for maximum allowable claims . By the way, it's not unusual for these credits alone to help finance up to 1/2 of your entire project, if not more sometimes.
It all starts with an application for a tax credit ‘certificate’. The formal name of the main credit is the ' Film Production Services Tax Credit ‘. It is combined with the provincial part of the claim which is simply driven by the province you choose to produce your project in. Many projects these days are ' Transmedia ' driven and involve digitization, special effects, etc. A separate credit is available for that part of any project.
Not everyone is aware that many ' Canadian ' projects in film, TV and media are in fact only ' partly ' Canadian - they are often ' co -productions ' which is simply an arrangement that Canadian tax authorities have with many countries to assist in the same type of financing . Again specific rules apply. In truth an actual ' point ' system exists and is a key part of the tax credit claim... i.e. maximizing points!
As an example one of the most recent co production approval agreements involves India... so of course ' Hollywood North ' can also be called ' Bollywood North'!
If you're wondering what drives tax credit eligibility in Canada for film the key areas of focus are production ownership, production costs, geographical location, etc.
FINANCING TAX CREDITS : Your applicable tax credits can easily be financed to ensure maximum cash flow . Loans are typically for 70% of the value of your claim and provide solid cash flow for your existing or next project .
While we have focused mainly on tax credits for the obvious reason, film finance companies also assist with the other parts of the project financing puzzle - they include areas such as pre sale financing, gap financing, and minimum guarantee financing.
If you're looking to get ‘ in the loop ‘ for a better ' fast track' on financing films, TV and digital projects seek out and speak to a trusted, credible and experience Canadian business financing advisor who can assist you with part or all of your project needs.
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 FILM TAX CREDIT FINANCING EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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
Stan Prokop