Commercial Finance Companies In Canada: Hot & Available Loans and Financing Solutions!

Trending Now … Commercial Finance Options in Canada!

OVERVIEW – Information on business financing solutions offered by commercial finance companies in Canada. What you wanted to know but were afraid to ask on various loans and asset monetization strategies for cash flow and working capital needs

Commercial finance companies in Canada are often the alternative and solution provider for loans and financing solutions. In other words... they are ... trending! Let's dig in.

One key factor around loan solutions and asset monetization strategies that is commonplace with a non bank finance firm is that they are often ' niche' focused , simply speaking they have a tremendous amount of expertise in certain areas of business finance.

Since these firms do compete with banks they tend to offer a broader range of services and credit facilities. Most importantly they offer solutions that are not provided by our Canadian chartered banks - a good example might be purchase order financing or SR&ED tax credit financing for refundable tax credits.


While is it sometimes common to refer to these financiers as ' asset based lenders' the reality is that the term is so general that further clarification is required. In almost all cases Canadian banks prefer, in fact insist upon being your ' senior lender ' - which very simply means they typically have a charge on all assets of your company, including , unfortunately, the assets they are ' not ' financing!

The most common senior lending facility tends to be the business revolving line of credit. These facilities, whether from a bank or a non bank commercial finance company offer revolving credit for daily operations? The main difference in a business credit line from a commercial finance company is that it is often more ' asset ' focused as opposed to ' ratio' and ' covenant' focused as with a bank. That translates into more credit approval and higher borrowing power!

Term loans and other bridge loans are also offered by commercial finance firms. They tend to be shorter term in nature and are often a ' bridge ' to future financing.

While unsecured cash flow loans are often sought by business owners/financial mgrs, such a bank loan will come with strict covenants and ratios around your cash flow. These loans are often more easily obtainable from commercial finance firms, albeit at a higher rate. Another term for those loans in particular is 'mezzanine ' financing.

Statistics tell us that over 80% of all Canadian businesses finance new assets via equipment leasing companies. Whether it’s for growth or asset renewal these equipment finance solutions are the backbone of fixed asset financing in Canada. Assets financed include technology, plant equipment, rolling stock, etc

If you're focused on understanding which non bank commercial finance companies can help your business operate or grow seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can ensure access to funding solutions that make sense for your particular business.



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

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

SRED Tax Credit Financing In Canada & Funding Your SR ED Claim

Special Delivery On Your SR&ED Refund : SRED Loan Financing

OVERVIEW – Information on sr ed tax credit financing in Canada. SR ED Financing is a viable way of funding your SR&ED refund and monetizing that asset today

SRED Financing allows firms that have an r&d program to connect today to the cash flow refund they were waiting for - it's as simple as that . Monetizing that refundable tax credit is, via a SR&ED loan, is a process, as is , of course the whole process of preparing and applying for maximum refund. Let's dig in.


Not all Canadian business owners and financial managers are aware of one of the greatest government programs still currently in existence at both the federal and provincial level. The formal name for the program is Scientific Research and Experimental Development program. Most people call it simply the SRED (SR &ED) program; we have also heard many people pronounce it as 'SHRED 'also!

We put Canadian businesses into two categories when we discuss the program - those that don't know about the program period, and those that know about the program but are not aware that their claims can be financed.

SR ED financing is an excellent source of short term cash flow, and allows a company to reap the benefits, in cash of funds that they have put into R&D.

It is probably useful to do a short overview - let's call it a SR ED primer!
The program is administered at the federal and provincial levels of the Canadian government. It is very important to note that the SR ED grant (yes it's non-repayable) is for Canadian private firms only - it does not apply to public corporations the program is applicable literally to almost every type of firm and industry in Canada. A company files it's claim at the same time it files it's year end tax return.

In our experience the majority, we feel almost 95%+ of claims are prepared by an independent third party. They have expertise, credibility, and have a strong knowledge of the program and the government requirements. We would further point out that if a claim is not prepared by a qualified third party then there may be an issue in financing the claim - not always, but sometimes.

Claims can be expensive to process and prepare, and in general the industry has evolved into two types of costs associated with the claim. What are those two cost scenarios?

1. Customer pays a third party in full for time and preparation involved in the claim. The customer reaps the full benefits of the claim when it is processed

2. Customer signs an agreement on a contingency basis, and pays the preparer of the SR ED a portion of the claim when it is approved - bottom line he has no cash outlay and the SR ED consultant is at risk re time and preparation involved in the claim.

Let's now focus on financing of the claim. The financing of the claim is somewhat of a boutique industry in Canada, and requires specialized knowledge around the quality and collateralization of the claim. The Canadian banks, as a rule, with only minor exceptions, do not make SR ED loans.

Claims are financed at approximated 70% of loan to value. What do we mean by that? We mean that loans on SR ED are made to 70% of their combined federal and provincial amount. Example - Customer files a claim for $ 300.000.00. The SR ED loan would be for 70% of that amount: = $210,000.00.

Claims can be financed relatively quickly when working with a qualified financing expert in this area. It certainly is possible to complete a transaction in a couple of weeks, from initial discussions.

Naturally some level of due diligence is required on the firm, and we point out that many firms are in fact total start ups and are filing their claim for the first time. An additional financing note is that first time claims are scrutinized more closely as the customer at that point does not have a track record in this area. Track records help the financing.

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 the ' special delivery' process on your SR&ED refund.




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

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 Funding Sources In Canada: Clarifying the Capital Financing Connections You Need

Is Your Business Funding Situation As Clear As The Great Molasses Flood of 1919? Not Any Longer

 

 

 

 

 

 

 

OVERVIEW – Information on business funding sources in Canada. Which financing source offer the right type of debt or cash flow capital that your company requires

 

Business funding sources in Canada often has business owners/financial mgrs looking for the right ' connection' they need when looking for capital and financing solutions. Often times the situation seems clear as mud... or molasses? Let's dig in.

Molasses? We're referring to the Great Molasses Flood of 1919 in Boston - where a large molasses tank burst, streets were flooded and 21 folks lost their lives! That of course isn't the same level of anxiety that business people experience around finance choices, but it often sure feels like it.

How then does the owner/mgr, particularly in the SME (small to medium enterprise) space make those right ' connections' - and, as importantly, what can they expect. It's critical of course to know what any source of capital delivers on. That changes with the current financial profile of your company and the perceived risk that lending sources associate with your business... or industry.

When owners/mgrs start the financing process and are looking for the right connection to capital they are often most concerned about the cost of that capital. These days, depending on the risk profile your company generates that rate can be 2.5% per month, or 2.5% per annum. Most clients we meet want the latter!

What then are those key factors that lenders utilize when you're on the hunt for sources of financing? They primarily are:

Size of your company

Stage of Growth - i.e. start up, early stage, growing, mature, etc

Assets on the balance sheet

Cash flow generation potential

Industry and your reputation


Many owners/mgrs we meet are often incorrectly focused on the actual type of financing they need. In fact they don't even understand the wide level of choices they have in cash flow financing and debt financing.

Those sources? You'd be amazed at your choices, including:

Cdn chartered banks

Receivable and Inventory Finance providers

Asset based lenders - financing both assets and credit lines

Leasing companies

Sale leaseback specialists

Mezzanine finance

Royalty finance solutions

PO / Contract finance

Merchant cash flow advances

Naturally some solutions are shorter term focused and provided a temporary fix, while other solutions can bring working capital and cash flow finance in the millions and could be considered long term finance strategies. Safe to say it's important to know whether you're in need of a temporary ' fix ' or a long term capital solutions. That allows you to position your company and negotiate from a level of strength

If you're looking to avoid that ' clear as molasses' feeling we described 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 financing and capital 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 :
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

R & D SRED Financing In Canada : How To Finance Via A SR ED Loan

Is R&D Cash Your Obstacle To Innovation ? It Was.. Until Now ! Here’s Why .. and How

OVERVIEW – Information in sr&ed loans in Canada. R and D financing via a sred loan delivers on returning your capital quickly and maximizes your cash flow investment in the SR ED program . Here’s why and how

R & D Capital needs ? Not everyone Canadian business owner or financial manager takes advantage of the Canadian Governments SR & ED (Scientific Research & Experimental Development) tax credit program. It’s clearly in our opinion of the best and truly legitimate and valuable programs that a government provides for its business entrepreneurs in Canada . So don’t let lack of funds be your ‘ obstacle to innovation ‘ . Let’s dig in .


Many, when they hear of the program for the first, are amazed that they can receive significant funds, that are non – repayable (yes that’s non –repayable!) for their ongoing investment in research, product development, business processes, etc.
And, those that do take advantage of the program dutifully wait many months, in some cases a year or so or more for their cheques from the provincial and federal government.


Why not borrow against these funds and utilize those funds for much needed working capital and cash flow to further fuel the growth of your firm.


SR & ED financing is still relatively unknown in Canada – it is clearly a very specialized type of financing, somewhat ‘boutique’ let us say, in nature.
The government, via the program, wants to provide funds to Canadian business so they can continue to further their research and development and provide Canadian firms with a lead in technology and business.


So lets get back to the financing of the SR ED , aka ‘ SHRED ‘ , aka 'SR &ED'. SR ED Loans are typically for approximately 70% of your combined federal and provincial claim. The claim can be financed as soon as you have formally filed the claim with the government, which is at the same time you do your year end tax filing.


SR ED applications can be filed for the last two years, so on occasion your firm might in fact have a significant receivable generated by virtue of that filing you have done. Our observation is that some companies actually book that receivable in their financial statements for the full amount of the claim. Some companies take the conservative approach and only record the cash coming in when it is received from the government.


So, you as a business owner or financial manager of a Canadian company are asking yourself the obviously – if I book the SR ED as an account receivable, will my bank provide financing for it. Our experience is generally ‘no ‘they will not. Canadian chartered banks, being somewhat more conservative in nature, recognize the SR ED claim may or may not be approved. So if there is any risk in your financial structure as viewed by the bank they will not advance funds.

The private sector of Canadian finance is in fact doing the SR ED financing. Claims are financed on the basis of your firms overall financial status, although we add that even pre revenue companies or companies that are losing money can still obtain SR ED financing .


Every Canadian firm that files a SR ED claim should consider financing the claim if they feel the additional cash flow and working capital will assist their company in continued growth and success. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can show you how to Talk to an expert use this alternative financing as a great way to boost cash flow.


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


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 Lender Challenges : Loans & Financing From Lenders That Fit !

Prayers Answered ! Finally A Solid Perspective On The Right Business Lenders For Your Company

OVERVIEW – Information on financing and corporate loans in Canada. Are you working with the right lenders? What type of business lender suits your firms needs via a traditional or alternative finance solution

Financing via the right business lender delivers on the right financing for your business. But the question arises which lenders will provide the right loans and other financial solutions? Let's dig in.

When Canadian business owners are optimistic about their future those sentiments don't necessarily translate into what type of financing will deliver on those aspirations of growth in profits and sales.

Top experts tell us that a solid majority of owners/ mgrs in fact expect their sales to grow which has therefore resulted in the need for additional loans. The way to grow a company is obviously viewed differently by owners - some choose to grow organically while others take the acquisition route - acquiring a competitor or another strategic/synergistic opportunity.

So back to our conundrum. What is the right business lender for your business - in fact quite often the case is plural - which ' lenders' are going to solve your financing challenges.

Let's provide a clear recap of why businesses such as yours are looking for capital/loans/asset monetization strategies. They include:

Expanding their business locally and otherwise

Financing working capital needed for growth

Refinancing existing loans with current lenders/banks

Upgrading fixed assets

Owner equity takeouts

Distress situations

Do Canadian chartered banks take up the slack when commercial financial solutions are required? That debate rages eternal among business owners and financial mgrs. Of particular debate is the fact that the small to medium sized marketplace in Canada, literally tens of thousands of firms potentially like yours feel somewhat underserved when it comes to realistic financing solutions for their business.

Those bank credit lines are sometimes being cut back; doing little for the entrepreneur that is focused on growth, let alone hyper growth! Again recent surveys, albeit in the U.S. indicated that over 66% of all businesses in the SME sector reported on their inability to raise external capital.

What then is the reason that financing is a stumbling block for businesses? Very simply speaking it’s because those businesses are outside the ' credit box ' that traditional financing places on commercial lending.

Worse yet is the time that we see clients have spent chasing the wrong lender , compounded often by their inability to present their business case in a proper format .

If you're looking for:

A/R Financing

Inventory Loans

Access to Canadian bank credit

Non bank asset based lines of credit

SR&ED Tax credit financing

Equipment / fixed asset financing

Cash flow loans

Royalty finance solutions

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 financing needs. Prayers answered!


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 100 Million $ of financing for Canadian corporations

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 Cash Flow - You're Forgiven For Misunderstanding The Term ! Funding & Financing 101

You're Forgiven !

Information on business cash flow financing in Canada. Funding your company requires a basic knowledge of this of used term!

We find that the term, or concept ' cash flow ' is widely misunderstood - having different meanings to different parties.

There are at least 7, if not more, methods in which the term is utilized in a number of areas of finance.

First of all the term is of course just a general term used in finance literature and textbooks relating to investments, etc.

When we see a company financial reports in the press there are often references to cash flow in the financial reports of the firm.

Getting even more specific, there are three parts to any financial statement, the balance sheet, the income statement, and the Cash flow statement. In older times this cash flow statement was called the Sources and Uses statement - simply indicating where a company got the money, and where they spent the money.

Some financial analysts refer to a company's ' funds statement ' and designate the total funds provided by operations as ' cash flow '.

Confused? We're not there yet. Financial managers and business owners use various types of analysis when making long term investments for the company. They use sophisticated financial analysis known as rate of return, payback analysis, and, guess what ' discounted cash flow ' analysis.

When a business owner is planning he will often prepare, and refer to, his ' cash flow ' budgeting.

And finally, business owners and financial mangers refer to; cash flow;
controls as they monitor the flow of funds and the control of those funds inside any company, small or large.

Financing business cash flow needs comes from solutions such as :

A/R Financing

Inventory Loans

Tax Credit Financing

PO Financing

Bank lines

Asset based non bank business lines of credit

Working Capital Term Loans

What becomes clear is that ' cash flow ' has become somewhat of a ' catch all ' wording and is somewhat confusing as more often than not it does not reference actual ' cash ' on hand, or evens the flow!!

Most financial people would probably agree the purest form of ' cash flow ' is in fact one of the items we have mentioned above - that is to say its the cash referred to in the company’s CASH FLOW STATEMENT - we referred to it as one of the three pillars of any financial statement . The common calculation of this number is the net income of the company, plus the depreciation, which was not an actual cash outlay.

In summary, we have seen that the term cash flow means a lot of different things to different people - Business owners, and financial managers should know what method of cash flow they are utilizing, its uses, and how it will be interpreted by lenders, financial analysts, shareholders, etc. Looking for help ? Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success .
And yes, you are forgiven for misunderstanding the term!



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


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 Canada : A State Of The Union On Capital Sources & Corporate Financing

Are You In The Lonesome Corner When It Comes To Business Financing

OVERVIEW – Information on business finance alternatives in Canada. Financing and capital sources

Business finance challenges and problems often have owners/mgrs feeling like they are in the ' lonesome corner ' as the need for financing solutions and capital sources seems never ending and seemingly unattainable. So let's look at our Cdn version of the current ' state of the union '

in funding your business. Let's dig in.









We're going to assume a couple of things - first of all that as an owner/mgr your goal is to ensure the right amount of liquidity in your business. Additionally as cost is always a consideration in business financing it is a case of ensuring you have the most capital funding at the lowest cost - which is of course driven by your overall credit quality.

The right mix of what you have in the company already (i.e. owner equity) versus the maximum amount you can borrow is what is going to give you what the pros call maximum ' return on capital'.

We mentioned the business owner as potentially feeling as if they are sitting in that ' lonesome corner' - in fact the way to remove that feeling is simply to be more proactive in understanding what capital sources are out there relative to how you wish to use those funds. ' Use of funds' is important as you need to distinguish between ' assets' you need to run and grow the business versus those short term cash needs such as business credit lines.

We can't overemphasize that issue of funds ' matching'. Big mistakes occur when you use wrong strategies - Example: taking cash on hand or accessing credit lines to acquire a long term fixed asset. (Those types of assets should be acquired via business finance strategies such as equipment financing or term loans. It's a case of simply focusing on what those assets will cost and what type of cash flow and profits they will generate over the longer term.

We're always referencing the fact that the owner/mgr has to sit back and get a sense of what stage their company is in. Those stages are actually very defined. They are:

Start up

Growing / emerging

Mid market

Mature and or large publicly traded

The capital sources these firms need vary and include:

A/R financing

Securitization

Bank lines of credit / term loans

Non bank asset based business credit lines

Equipment Finance

Refundable Tax Credit Finance

PO Financing

Unsecured cash flow loans

That’s our ' state of the union' on capital sources in Canada. If you want to exit our ' lonesome corner' analogy and access the financing and capital sources your firms needs, today and tomorrow... seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your 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 :
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