Business Turnaround Strategy Needed ? Consider A Cash Flow Doctor

Information on business cash flow solutions. Implementing a financial turnaround requires specialized expertise. Avoiding business doomsday !

Business turnaround strategy required. That turnaround might cover a lot of issues, but we're talking about the ' CASH FLOW ' issue today. Let's dig in.

Business owners and financial managers know the importance of cash flow and working capital as generated by their accounts receivable and inventory accounts. What is the ultimate effect of a lack of cash flow and working capital - we know the answer - it is a business failure.

It's all about understanding the problem, and then... you guessed it... fixing it! When it's not an intuitive realization, there are some technical ways to assess the problem. That's when you might need what we can only describe as a business cash flow doctor.

You should be looking for someone that understands your financials and business, has a solid track record and experience, and can facilitate cash flow turnarounds by offering up solid and sometimes creative working capital solutions.

Business owners can utilize a financial analysis technique that finance textbooks call the 'DOOMSDAY RATIO '. What is that ratio and what is its significance?

The Doomsday ratio is calculated by the following easy formula:

Cash divided by Current Liabilities.

This is one of the most powerful and effective solvency ratios that a business owner can utilize. Business people might be aware of two other similar ratios, the current ratio and the quick ratio. The current ratio included the firm's current assets, including accounts receivable and inventory. The Quick ratio did the same but excluded inventory.

The business owner can quickly see that the doomsday ratio focuses solely on Cash! We can call it a very demanding ratio because it focuses solely on the liquid gold within the company, cash! As liquid as your receivables and inventory are, they aren't cash yet, and everyone knows the day to day business challenges of converting receivables and goods into a final cash customer payment.

Really the best way to look at the Doomsday ratio is to view it as an ongoing measure of the firm’s cash 'buffer'. The bottom lien is that it will show the business owner what 'cushion' of cash the firm has. Business owners could even choose to monitor the ratio daily, as it could very well warn against impending shortages of working capital.

Many business owners know that it is also not productive to carry cash on hand, particularly in today's low interest rate environment. So it makes common sense that the doomsday ratio may in fact be less than one, but at least we have a number that, on an ongoing basis, we can monitor.

Each business over time has a philosophy and business practice around how much cash is kept on hand. Naturally it's also obvious, and important to know that if you reduce your operating line of credit with you cash you still have the full liquidity of your operating line, but you aren't paying any interest to borrow. That's a good strategy also.

Customers can also enhance their position by factoring or selling their accounts receivable, which would put them in a strong position to generate cash and maintain a positive Doomsday Ratio.

In summary, the analysis technique is a valuable took to monitor cash flow/working capital for any business.

And don't forget to see that CASH FLOW doctor who can implement solutions such as:

A/R Financing

Working Capital Loans

Bridge Loans

Sale leasebacks

Non bank asset based revolving credit facilities

Tax credit monetization

PO Financing

Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success for that business turnaround strategy you require when it comes to refinancing.


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 - 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.

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://internationalexpertdirectory.com/search-articles/content/finance-tax-banking/business-turnaround-strategy-needed-consider-a-cash-flow-doctor.html

Financing A Business : Rewiring Your Finance Alternatives

Looking For Someone To Tell You Where To Go .. For Canadian Business Financing ?

OVERVIEW – Information on financing a business in Canada. Small , new, and even established larger companies need to understand finance alternatives to propel their business forward towards more sales and profits

Financing a business in Canada sometimes requires that owners/financial mgrs be prepared for someone to... tell them where to go! In effect we're talking about ' rewiring ' your finance needs. Bottom line it's important to understand your finance alternatives, choosing the right one, or ones to propel your business. Let's dig in.

The landscape of Canadian business financing has changed dramatically in recent years - while many both popular and ' conventional' sources of capital are still available

(sometimes in' limited quantities’) there are in fact numerous ways to finance a business that we could call both creative, and simply speaking ' alternative ' We've maintained for years that in many cases ' alternative' is the new traditional!

Many businesses, (perhaps yours?) can actually support loans via assets and the ability to generate sales revenues but find themselves unable to meet bank criteria. There also are, of course, start ups and early stage firms that are just coming out of the gate - also challenged with financing.

Top experts tell us that in recent surveys over 60% of business owners plan to acquire new or additional assets to grow their business. In this case it makes a lot of sense to consider lease financing and/or term loans to acquire long term fixed assets or technology.

While Government touts helping business actual direct assistance is limited in nature - Our two recommended sources of funding for clients in this area is the Govt Guaranteed Small Business Loan ( it's not as small as you think ) , and the R&D SR&ED program - and by the way those SRED credits are financeable for cash flow purposes. While most people feel the govt is ' hard to deal with ' these two programs go against that grain and are in face accessible and used by probably over 10-11,000 businesses annually in Canada.

A lot of business liquidity comes from your firm’s progress in both selling and collecting. Therefore A/R financing is often at the top of list in a recommended solution in financing a business.

Whether your firms uses bank business lines of credit or popular non bank alternatives such as A/R financing (factoring). Our recommended solution in this area is CONFIDENTIAL RECEIVABLE FINANCING, giving you the ability to bill and collect your own receivables, and finance them as soon as you generate a sale. In that solution cheques from clients come to your company, not the finance firm! The ability to work with a legitimate and reputable commercial finance partner in this area is key.

A ' full blown' solution to the business line of credit is an ABL solution. That’s ' ASSET BASED LENDING ' - allowing you to combine your receivables, inventories and even fixed assets into one marginable revolving credit facility. It's more costly than bank financing of course but works and is used by thousands of firms - even large well known corporations who recognize the additional borrowing power.

If you're charged with financing your business and exploring the right finance alternatives seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
- get that help you need to ' rewire ' !


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 - 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 :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCING EXPERTISE



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

Film Finance Via Independent Film Funding and the Canadian Film Tax Credit

Does Financing Your Independent film or animation project in Canada sometimes feel like ' death by a thousand cuts' ? Accessing and cash flowing your film / media tax credits goes a long way to completing your projects. Here's why and how

Information on film finance in Canada. Independent film funding is a major financing challenge for producers of Canadian content as well as co ventures . The ability to access and finance your Canadian film tax credit is a key strategy for success

It seemed like a short project and challenge at the time! However most independent film finance becomes somewhat of a journey, and that's of course an understatement. But the Canadian film tax credit can help you play a huge role in pulling the financing for your project together.

Call it a challenge, call it, as some have, ' tricky' or call it skill, but the monetary part of your film, tv or digital animation project becomes a huge part of the producer and owners direct efforts for successful completion of any project.

We are often amazed at how little it takes, in funding, to complete a professional project in any of our 3 entertainment genres (film, television, and digital animation). Yet even smaller budgets have huge financing challenges when you don't have the financial backing of a major studio. Therefore your total costs of securing rights, paying actors, and actually producing the project often requires a long timeline.

Enter, at stage left, the Canadian tax credit. This is clearly the savior of many a production that is domiciled in Canada, often paying for 30- 40%, and more of a total production. We certainly not saying the rest of your financing becomes a 'cake walk ',

as the expression goes, but our clients routinely maintain that the additional equity, debt, and co production and distribution agreements are much easier to put in place when you utilize the Canadian tax credit.

Naturally the more film funding you can rise via the film tax credit in Canada, as well as debt you can arrange simply means that you are not diluting your ownership position and therefore positioning you well for any financial success on your project.

Its all about partners in business today, and film finance is no exception. By partnering financially, in the right manner, with either co production agreements or Canadian film tax incentives you are able to maintain proper ownership of your project, and that's of course what it is all about.

Let's circle back to the Canadian film tax credit. The credits have become increasingly more generous over the years, and apply to all Canadian provinces where you might choose to shoot, film or product your project - depending on your genre again. By properly budgeting your project in a realistic manner an experienced Canadian film financing consultant can assist you in determining the exact amount of dollar eligibility for your tax credit. The tax credit becomes a part of your financial statement filings for the specific legal entity you have created for your project.

You can then finance the credit, which is a non repayable grant/credit from the government. Naturally you can simply wait for the credit, the ' cheque is in the mail ' so the saying goes, but many of our clients choose to finance the credit as soon as they have it certified. Receiving this funding in advance often creates a huge and positive working capital injection that actually helps finance of course the cost of the film. The tax credit is in essence the collateral for the bridge loan you arrange for the film tax credit itself.

Financing and film funding utilizing your Canadian film tax credit can be accomplished in a manner of weeks, and its all about having a budget, a tax credit calculation, and a firm finance plan that identifies the other parts of your project as complete.


Speak to a trusted, credible and experienced Canadian film tax credit financing advisor as to how you can maximize your return on investment for your owners and lenders via the film tax credit in Canada. It's a cash flow 101 great strategy!


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 - 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.


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/5614052

Business Finance Options : Does This Operating Financing Strategy Makes Sense For Your Company ?

A Simple Financing Strategy To Increase Sales : Finance Them !

OVERVIEW – Information on business finance options in Canada. Financing sales via the right operating financing solutions is a winning business strategy

Business finance options
in Canada often involve focus and need to increase sales revenues. There is a limited number of ' Operating financing' options but the selective use of one or a combination of these creates a ' win win' strategy for sales and profits. Let’s dig in.

More often than not it's the inconsistency of sales growth

that drives financing needs. These ' spikes' in revenues often place demands on other parts of the business such as asset acquisition requirements, payrolls, etc.








The full blown solution to this challenge is a business line of credit that covers operating financing needs. The ability to borrow against existing receivables and inventory in times of sales growth is critical ; inability to finance your working capital needs leads to the proverbial business ' cash flow crunch '.

Financing receivables and inventory is accomplished via bank credit lines, invoice financing, and a combo of these to via an asset based non bank business line of credit.

This latter solution is called an ' ABL ' - the industry's acronym for asset based lending. In fact the true asset working capital facility actually can include your equipment / fixed assets as borrowing collateral. In the last few years this type of lending in Canada has seen at least double digit growth, and has become a very competitive niche lending business in Canada.

In terms of borrowing power Canadian banks typically use a 75% borrowing margin - asset based lenders more often than not are comfortable with 90% borrowing. Simply speaking, using the ABL solution as an example , a 10,000 invoice for example allows borrowers to access 9000$ in cash flow / borrowing power as soon as the invoice is created and the sale is made.

While Cdn banks take a floating charge over all the assets of your business asset based lenders price these transactions differently. While pricing is a key issue in asset based credit vs. the bank ( bank pricing is much less ) often the key factor in choosing such a non bank facility is the access to capital, given stringent bank requirements and borrowing caps.

(Note that generally speaking asset credit lines are often unlimited inn size- capped only by your sales levels, given those sales create ongoing receivables borrowing power) Simply speaking - banks have credit limits on operating facilities, asset based financiers don't.

Traditional non bank A/R financing, typically called ' factoring' often has a requirement that your clients be notified about the financing. The way around this is to consider a CONFIDENTIAL RECEIVABLE FINANCE solution, which empowers your firm to bill, collect (and borrow!) against all or some of your receivables generated by sales. The ability to access the right facility and not get ' locked in' is also important. Here advisory expertise is recommended.

While certainly industries are touted as being the perfect candidates for A/R finance the reality is that every type of business and industry that generates commercial (“B2B") sales qualified for financing.

If you're looking for the most sensible option to increase operating financing requirements 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 cash flow needs.





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 - 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 :


7 PARK AVENUE FINANCIAL = CANADIAN OPERATING FINANCING EXPERTISE


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

Financing A Company : The Case For The Best Business Loans & Cash Sources

How To Finance A Business : We’re Talking ‘Local & Organic ‘ !

OVERVIEW – Information on financing a company in Canada . The right business loans and cash sources are a combination of external debt and proper mgmt of company assets

Financing a company in Canada is, many top experts would say, an art as well as a science. So when it comes to business loans and cash sources we're making the case that it might make sense to go ' local and organic ' let’s dig in.

Local and organic? Isn’t that about vegetables? Well in our context we maintain that it's all about being about looking inward at your financial statements (that’s the local part) and then ensuring cash sources are available to grow your company ' organically ‘.

The pro's call this ' sustainable growth rate ' and it simply means that you're able to actually calculate how fast you can grow without raising external financing, And at some point you will need ' good ' business loans and asset monetization strategies to move forward when financing is required. (Naturally you can grow by merger and acquisition but that's another story)

Financing a company is all about getting the cash you need to either start or grow a business. Three cash sources are available - debt, equity, and sometimes misunderstood: monetizing and ' cash flowing' your existing assets such as receivables, inventory, fixed assets/equipt.

Many business owners / financial mgrs don't always fully appreciate how much their financials tell them about the company's financial needs and prospects. They don't realize the ' power ' they have to affect cash through good credit extension, collecting receivables, controlling expenses, and turning inventories.

The ability to at least basically understand how your cash flow operates , where you are spending, and how outside financing is being used/consumed is key . An example: Simply slowing down your payables will increase cash flow - but there are certain risks that come with that strategy.

So how can the owner/mgr actually affect the overall financial health of a company? Knowing what your assets are really ' worth ' is also key. The quality of receivables, inventory turns, and the true value of your fixed assets leads to many external financing strategies that can help you grow cash and profits ' organically.

Asset monetization strategies, properly used, are key to good 'organic ' financing. Examples include:

Bank credit lines

Asset based lines of credit

SR&ED Tax credit financing

Sale leasebacks

PO / Contract finance


Strategies we've just named bring no debt on to your balance sheet and enhance cash flow and hopefully... profits. Real world financing always comes back to... you guessed it... Cash!

Knowing how you can extract internal (‘organic ') cash, and then complement that with good external financing is how you'll measure if your business is headed in the right direction.

Looking for the ' best ' types of business loans and cash sources? 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 financing a company...properly.




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 - 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/financing-a-company-business-loans-cash-sources.html




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 Finance Strategy : Eliminating Myths Around Cash Flow & Working Capital

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Clearing Up The Confusion Around Cash Flowing! Effective Working Capital Finance Strategies

OVERVIEW – Information around cash flow and working capital solutions in Canada. Business finance strategy depends on how well you know your funds flow

Business finance strategies require a solid understanding of what the pro's call you ' funds flow. It's a combo of cash flow and working capital basically. There's some real myths and misunderstanding, all of which can create confusion around your success in financing your company. Let's dig in.

Business owners/financial mgrs in the SME Commercial area of industry often have a problem in interpreting their financial needs as reflected in their financial statements. Success in this area means you will have a solid understanding of how you're winning (or losing) in this area of your business. At the end of the day you're looking for ' suitability ' in putting a strategy and policy in place around business finance.

The core of the cash flow issue? It's quite simple actually - your assets and what you owe change with your sales. Even more complex sometimes is the fact that your profits almost never equal your cash on hand! That's why it's important to finance your current assets properly!

Effective ways to finance cash flow / current assets properly are:

Bank credit lines

Non bank asset based business lines of credit

A/R factoring

Inventory loans

Tax Credit Financing (SR&ED Credits are financeable!)

PO Finance

It's important also to understand whether your company uses cash, or generates it. The hard reality of business is that you will probably need equipment or technology to produce more sales. One of the most effective ways to finance those is equipment leasing finance. On occasion the sale leaseback strategy also makes perfect sense.

As we have said, knowing how sales affect your ' flow of funds' is key. The best way to think of this in terms of cash flow is that NORMALLY your current assets move in the same direction as revenues , but often at different rates, depending on how well you mange assets such as A/R and inventory. Think of this whole scenario as how funds flow thru your business. By the way, it’s not bad to have sales growth consuming cash while generating ' paper profits'

The pro's call the right financing of a business the ' suitability principle'. It's all about using cash from the right sources. A business credit line is a temporary source of cash, and should be used to finance daily operations. Buying a long term plant equipt asset is best suited to a lease or term loan type financing.

Owners/mgrs have more control than they think when it comes to financing choices. Remember though that you lose some elements of control in your business when you finance your business for cash flow needs. To ensure you're doing it right 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 clearing up cash flow ‘ confusion’ with effective business finance solutions.



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 - 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 :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCE EXPERTISE

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 Finance Access Dried Up ? Do’s And Don’ts For Loans & Alternate Financing Strategies

What Happens When Your Company No Longer Has Access To Financing ?

OVERVIEW – Information on business finance access when companies are financing financial distress. Alternate financing and other types of loans to the rescue !

Business finance
access should always be a concern to business owners/ financial mgrs in Canada. Alternate financing loans and other solutions arise out of the necessity to fix what's wrong with your company. We're covering some of those ' do's and ' don’ts '

when your financing access ' dries up ‘. Let's dig in.







For a starter it's critical to be able to recognize those warning signs when the financial health of your company is going off kilter. Although business folks always have a fear of their sales revenues going south they rarely associate a huge sales increase with financial distress. In some cases even the simply issue of ' seasonality ' can affect your firm negatively when it comes to cash flow or working capital needs.

When those sales translate into a change in profits or worse, a huge investment in unpaid accounts receivable, it's safe to say you could be on the verge of financial distress. Alternate financing, such as A/R Finance solutions such as factoring or asset based credit lines or PO Finance can fix that problem, and are often the sole solution to the dramatic increase in your sales.

Putting the sales revenue issue aside any unattended increase in working capital needs will always highlight cash flow problems - whether you're making money on paper or not. Pricing, margins and inventory type issues always need attention. Those two solutions can also address an often common problem of the traditional lenders concern (aka ' the bank ') that your company is too dependent on any one customer.

In some cases your company might not be able to make the investment in areas such as new equipment /technology, or even R&D, for those firms that consider themselves leaders in their industry. Proper equipment leasing and financing strategies, as well as SR&ED Credit financing can often assist in these two respective areas.

On occasion we meet clients where the ugly head of ' CRA ARREARS' has arisen. That failure to pay taxes or divert those intended funds to other areas of your business is a key sign of financial distress, and many forms of alternative finance can 'fix' the CRA delinquency issue.

Many firms who are too far down the path in financial challenges find themselves off side with their bank; in many situations they are place in the ' special loans - non performing loan ' category. This is exactly the time to consider alternative finance loans as your ' takeout ‘.

It's important at times of financial challenge to either reschedule liabilities, restructure your business finances, while at the same time taking a hard look at your operations. In some cases refinancing owned fixed assets such as equipment or real estate can be accomplished via an effective sale leaseback lease or loan. An appraisal, while potentially a cost, has great value to both your company and any proposed lessor/lender.
Bottom line - At these times it's critically important to take a hard look at your balance sheet and monetize assets or refinance effectively. A cash flow /business plan time investment is also a solid requirement in these times.


If you're looking to fix your firms financial healthier and ensure access to financing at all times 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 business finance access when it's most important.


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 - 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 :


7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCE AND ALTERNATE FINANCING EXPERTISE




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