Asset Based Lending . It’s the Superman of Business Financing In Canada When It Comes To Business Credit Lines

Debunking the 1 Business Credit Line Myth


OVERVIEW – .Information on asset based lending as a component of business financing in Canada . What type of business revolving credit line would your firm like?



Asset Based Lending – ( ‘ ABL ‘ ) There is one overriding reason why it might be your best choice for business financing in Canada. It’s kind our version of the ‘ Superman’ of business financing solution ! What is that reason? Simply that it works when other types of financing are not available or don’t fit your current financial status. Let’s dig in!

The reality is that asset based lending works for all firms in all types of industries, and is not dependent on your overall financial performance that might be the focus of a more traditional based financing. That’s a powerful statement, so let’s examine what the financing is, how it works, and answer some key questions that might help business owners and financial managers determine if this financing is the solution to many, or all of their financing challenges.

So let’s back step a bit. What is asset based financing. Focus on one key word in that phrase - assets! This method of financing simply allows you to monetize and draw on the market value of the assets of your firm. Those assets are in very predictable categories, they are receivables, inventory, equipment and real estate. If you have one or all of those your firm is a prime candidate!

In some cases this method of financing is confused with factoring. Factoring is the sale of one of those asset categories – your receivables. An asset based line of credit lends against receivables, but also includes, inventory, equipment, etc. That is the difference!

The prime difference in qualifying for such a facility is really the difference that exists when you compare this type of financing to a Canadian chartered banking relationship. That banking relationship comes with a number of requirements that are often not needed when an asset based line of credit is in fact your real and best solution. Some of those traditional requirements might be profitability, years in business, the type of industry you are in, guarantees of shareholders and owners, etc. Those qualifications are not the focus of asset based lending. However the assets are.

On a day to day basis how does this type of business financing work. It’s quite simply. You and your asset based lender determine on a regular basis, i.e. weekly, monthly, etc what your asset categories total - a borrowing based is then developed on those categories and funds are depositing into your bank account for use as working capital by your firm. In Canada a 250k facility is more or less the bottom level of this type of financing, and facilities can be arranged into the many millions of dollars.

So if you want an easy way to remember the difference between this type of financing and a bank revolving line of credit simply remember that the bank focuses on overall financial strength and cash flow, our facility focuses on assets!

Because your assets are being financing as the primary focus of this type of facility you will have to report on those assets probably on a much more regular basis , so your firm should be in a position to prepare regular reports on receivables, inventory turnover, etc. When fixed assets are being financing, i.e. unencumbered equipment you own, etc then in many cases an initial appraisal will be required. This small dollar investment though can generate thousands or hundreds of thousands of dollars in working capital. Don't Let lack of business financing in Canada be your ' KRYPTONITE'.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you facilitate the type of asset based lending that meets your needs in the Canadian business financing environment.





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 - has completed in excess of 80 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 re: Canadian business financing & contact details :

http://www.7parkavenuefinancial.com/asset-based-lending-business-financing.html





CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com




















Stan Prokop


.

Small Business Finance Vs Corporate Financing . Fundamentals And Advantages In Canada

Why Big Isn’t Always Better In Canadian Business Financing


OVERVIEW – . Information on small business finance in Canada . How does it differ from corporate financing based on company size and types of solutions available ?


Small business finance in Canada . Whets the difference, asks our clients between their capital needs and corporate financing in Canada. We work with both types of firms and there is a case to be made that ' SIZE COUNTS ‘, but you might be surprised at how. Let' dig in!

Business owners often hear the business fact that small and medium enterprises are in fact the largest employer and the true 'engine 'of the Canadian economy. It is also reasonable to assume that many business owners and the management of smaller and medium size firms worry about competing against the big global giants.

These larger competitors in many cases have 'brands ', as well as unlimited financial strength.

However, do business owners really know what those competing challenges are and how they can focus in on addressing them in some manner? In many cases (not always) they also have access to finance solutions available to larger corporations. They just didn’t know it!

As mentioned previously financial strength of big firms and financial limitations of smaller firms is certainly a key area. Small and medium sized firms continually focus on cash flow and are challenged by working capital. The banks and larger financial institutions can be forgiven for wanting to lend more to larger corporations, since their loans are safer and more collateralized.

The small firm can’t finance their customers in the manner that larger corporations can. The large corporations even usual financial strength to further compete against product and price by offering financing arrangements via their captive finance companies - think IBM CREDIT CORP as an example, or Caterpillar Finance. Just some examples.

Smaller firms are also challenged by personnel issues; they have trouble retaining key successful employees around issues such as compensation and benefits. Owners are focusing on day to day problems and challenges, and can't always think long term in areas of employee development, etc.

Naturally smaller firms pay more in direct costs because they don't have buying power; as well they are often focused on a couple core products and competencies. Larger corporations can diversify geographically and product wise as we know. Financing costs and interest rates in general have always favored the larger companies who borrow.


Intuitively the consumer or business customer gravitates towards a larger corporation for products and services, if only for the perceived safety and warranty issues.

Well, we have seen areas where the big guys clobber the small guy. Let's turn the boat around!

Service/Service/Service - have we made out point?! Value add in smaller firms is often service and support. Customers want the personal touch and they clearly get that from a smaller firm.

Also, in a smaller firm, in general the business owner is very focused on working harder and longer with their customers - big corporations tend to favor broad stockholder approval.

The smaller firm is also more adept, and can move more quickly to adapt to market needs. Big companies can take a long time to react to competitive change. Communication and market needs are much focused in a small company - it might take days, weeks, and years for larger corporations to implement major market changes.

Customers and consumers hate bureaucracy, and smaller firms certainly have less of that - decisions are made easier, customer situations are rectified more quickly.

In summary, business owners often have a fear of the 'gorilla ' in their industry - the big corporate giant with brand and financial clout. Instead they should focus on specialized market segments, localization of their services, personal service, etc.

It doesn't hurt to be a small /medium sized firm if we do it right! While larger corporate borrowers have access to low rates and flexibility and unlimited capital offer by Canadian chartered banks, insurance companies, capital markets, etc the reality is that many of these solutions, sometimes downsized and costing more, are still available to the SME sector.

Solutions include:

A/R Financing
Vendor financing
Equipment finance
Non bank asset based lines of credit
Inventory financing
PO/SUPPLY Chain financing
Monetization of SRED or Film tax Credits

Whether you're in the SME sector in Canada or a mid market borrower seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and asset financing 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 - has completed in excess of 80 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 re: Canadian business financing & contact details :


7 Park Avenue Financial = ‘ ALL SIZE ‘ Business Financing In Canada







CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com





Stan Prokop

Small Business Loan Financing In Canada . Government SBL Loans Or Other Financing Challenges . We Know Why .

Are Your Canadian Business Financing Challenges In Derecho Mode?

OVERVIEW – .Information on small business loan financing in Canada . Whether it’s the government SBL loan or any type of commercial financing mistakes can be made!


Small business loan financing in Canada . Do your financing challenges feel like a constant ' Derecho'? That's the term for a ' massive system of storms' and that's the feeling many clients we talk to seem to be experiencing - a lot of turbulence with potential devastating impacts - to financial liquidity and business survival!

But putting the weather analogy aside we are more convinced than ever that it's simply quality information and guidance that Canadian business owners and managers want when it comes to business finance solutions that they need, and make sense. Let's dig in.

No one disagrees that the searching for finance solutions isn’t stressful, or time consuming. That why professional, experienced advice is worth its weight in gold we think.

Case in point. The other day we caught an article in a Canadian publication entitled ‘5 Tips For Getting a Small Business Loan '. Although targeted at Canadian companies it was clear that the writer was U.S. based. Even more troubling... did we disagree with one of her points? Absolutely not - we disagreed with all 5!

Let's take a look at those .Oh and by the way, we will be putting those in the context of the Canadian business owner, with all due respect to our U.S. friends.

1. The article stated that banks are cautious on' new ventures '. While we agree that start up financing on any scale is a challenge there are numerous solutions, if applied properly that satisfy the need of the owner. These might include Government SBL loans, which is bar none, the best financing in our opinion for any start up. Other forms of very successful ' new venture ' financing include A/R financing, tax credit monetization, equipment finance, and PO/Supply chain solutions.

2. The article then went on to say you need the right type of bank. Clearly that's a U.S. oriented comment, where it’s incumbent on the borrower to also check out his bank for solvency also! That isn’t the case in Canada. So... what is then the ' right' bank for you. Our reality - it’s the banker and not the bank, so aligning yourself with an experienced credible commercial banker does not require any particular allegiance to any one bank. Focus instead on people, not pillars.

3. Are they kidding?! Unfortunately they weren’t. The article stated that business plan and proposes should be revenue oriented. We'll give that writer a bit of credit for referring to cash flows also.

4. Next point - long term growth. The article stated that you should be focusing on future financing needs also. While there is a small amount of verity in that comment the reality is that business plans and financing for current needs is complicated enough a process without bring in future financing needs which raise more questions than answers.

5. Last point. The article said that plans and financials should be crafted to appeal to a wide variety of banks, investors, capital providers, etc. Our thoughts - stay focused, not wide. Prepare documents on financials that focus on the current need and clear repayment.

We are hereby forgiving Canadian business owners /financial managers for feeling overwhelmed and confused with misinformation around proper requisites and planning for solutions needed. Align yourself with a trusted, credible and experienced Canadian business financing advisor who can assist you in taking your finance challenges out of Derecho mode!

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 - has completed in excess of 80 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 re: Canadian business financing & contact details :


7 PARK AVENUE FINANCIAL = CANADIAN SMALL BUSINESS LOAN FINANCING




CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
















Stan Prokop

Factoring And Receivable Financing In Canada. Lost Sight Of This Obvious Cash Flow Solution?

Feeling ‘ Unwanted ‘.

That’s How A/R Financing Must Feel Sometimes And We Know Why


OVERVIEW – .Information on factoring and receivable financing in Canada . How do these type of solutions work best when your company is looking for working capital ?



Factoring and receivable financing in Canada is growing in popularity - we feel this is for several reasons. One key reason is the current economic and financing environment in Canada - any financing strategy that is an alternative financing strategy to traditional bank financing is being assessed as an alternative by many Canadian firms.

As bank financing and traditional working capital facilities become more difficult to obtain firms look to alternative methods such as receivable financing facilities.

Only two key issues remain unknown to the Canadian business owner - how does factoring (receivable financing) work, and is it the appropriate type of financing for my firm.

Factoring is the immediate sale of your receivables. You get the cash as soon as you invoice - sounds great so far, right? The receivables you sell must be current; current is usually defined in the Canadian marketplace as any receivable less than 90 days. As your receivables approach 90 days you can be forgiven for thinking they might be uncollectible, so you might not want to sell them and be responsible to the lender for re payment of the cash advanced against that receivable.

While pricing, customer perception and some other misc issue might seem a deterrent to your consideration of a factor type facility we would quickly point out some of the benefits. The bottom line is that under a pure factor facility (more about that later) you are out of the collection business. The factor collects the receivable and notifies you accordingly. A Perfect World?

Not Necessarily!

Companies usually define working capital around their receivable and inventory investments. The freeing up of receivables for cash allows the business owner to free up capital tied up in inventories.


Many firms find it both times consuming and tedious to report to banks and other lenders on their receivable levels and margining capability. Factoring, or receivable financing is as close to instantaneous as you can get. If you need cash factoring provides you with almost same day cash.

Previously we spoke of a pure factoring facility. The type of factoring that is prevalent in Canada is based on the traditional model of U.S. and European factoring - that process is quickly summed up as follows:


You bill your customer
The Factor buys your invoice immediately
The factor collects your invoice
Your firm absorbs the financing fee on the transaction




IS THIS THE BEST SOLUTION? NOT REALLY!!


While this method of financing works it’s not optimal sometimes from an ‘ optics’ perspective ! Is there a better way? There is! Not all Canadian firms know that some factor facilities allow you to bill and collect your own receivables. This eliminates the intrusion of third party finance firms - "the factor 'calling your customer, who has never heard of them by the way, for money. That’s why Confidential A/R Financing creates a win/win when it comes to working capital and cash flow finance that puts you in control !
Canadian firms have been much slower to catch on to factoring primarily because of the customer intrusion level which they equate with their own customers perception of their viability.


In summary, we have highlighted some of the benefits, as well as some of the perceived negative aspects of factoring or receivable financing in Canada. As in all aspects of business, Caveat Emptor (buyer beware!).

Choosing a reliable and experienced factor partner will allow the business owner to maximize the benefits, and minimize the negative aspects of this solid alternative financing scenario. Factoring - it works if you make it work. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your firms working capital and receivable financing 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 - has completed in excess of 80 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 re: Canadian business financing & contact details :



http://www.7parkavenuefinancial.com/factoring-receivable-financing-canada.html



CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com

Stan Prokop

Turnaround Financing Needed ? The Asset Based Line Of Credit Just Might Be The Solution

Financing The Turnaround In Canada . Here’s One Way How

OVERVIEW – Information on how the asset based line of credit can be an accelerator for turnaround financing solutions for Canadian business



Asset based line of credit? It’s an excellent strategy for any firm who is considering viable turnaround options. This finance strategy is also an excellent way to assist a firm in understand what some of its underlying problems are. An Asset based line of credit, commonly referred to as an 'ABL' arrangement can be instituted even if the company is not profitable or in fact is experiencing financial duress.



Prior to considering an ABL many firms will find they are experiencing sever cash flow pressures. Traditional working capital is shrinking, and sometimes external factors to the business simply exacerbate the financial challenge. If the business owner or financial executive do not take charge at this point a business failure in fact is likely.

Many firms gravitate towards an ABL arrangement after their bank operating line of credit. Most business owners quickly realize both the benefits and the risk of having significant bank lines in place. Traditionally these lines of credit are secured by receivables and inventory. Businesses are told they can borrow up to a certain limit based on these facilities. Every month the company submits detailed lists of a/r and inventory and can borrow certain pre agreed upon limits against those assets.

Banks typically advance 75% of those receivables that are under 90 days. In asset based lines of credit facilities that amount is 90% of receivables, creating immediate additional liquidity.


Banks have become much more cautious on inventory, that is simply because they don't, and cant be expected, to understand each firms inventory values and products. Asset based lenders tend to have much more experience in these matters and are more often than not inventory experts. Therefore advances against inventory are much higher. Again, what does that do, well it of course creates additional liquidity.


Many, if not most, oh, lets be honest, all banks , set maximum borrowing limits that are dependant on other external factors such as other collateral they hold, perceived operating risk, and the value of personal guarantees of the shareholders.
Bank operating lines are best when a firm is experience steady, but not erratic growth, and when the firm can operate comfortably within its borrowing limits as agreed upon with the bank.


When firms run into financial challenges they of course have a business that is contracting in many ways. Therefore borrowing against receivables and inventory becomes limited, and the bills that need to be paid are of course paid with less cash available and on hand.

It is at this point that many businesses realize they are starting to default on bank covenants. In many cases, for a variety of reasons, sales are falling.
It is very difficult for a business owner to both realize what is happening, and, moreso of a challenge, correct the problem. Financial losses only augment the cash flow problem. Many companies in fact aren't trouble by operating losses, but have simply over expanded. Business owners get into the mindset that if they are expanding, there can't be a problem! Most financial executives know that a company can fail not for lack of profit, but from lack of liquidity.


The time to consider an asset based line of credit is probably right now. The customers bank either has, or is reviewing its options relative to collateral and security arrangements. The bank will start to take measure to ensure it gets paid in full - this typically includes reducing operating lines of credit, formally calling a loan and setting new deadlines for the customer to 'right' the business, or exit the bank relationship.


It is at this time the customer should be focusing on alternative lending sources such as the asset based line of credit with non-bank finance firms. This facility improves liquidity, places less reliance on external guarantees and collateral, and can operate with a firm that is getting back on its track to profitability. We hasten to add that a severe financial 'death spiral' cannot be properly address by either the bank or the asset based line of credit solution.


The business owner and manager must recognize the current financial situation, and address that situation in as prompt and efficient manner as possible. The Asset Based Line Of Credit – aka ‘ ABL Lending’ can do that. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your borrowing 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 - has completed in excess of 80 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 re: Canadian business financing & contact details :

7 Park Avenue Financial = Business Turnaround Financing Via ABL





7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


















Stan Prokop

The Finance Leasing Company . Don’t Regret Not Having Used Financing Leases For Asset Acquisition

Code Name ‘ Lease Financing ‘



OVERVIEW – .Information on the role of the finance leasing company in Canada . Financing leases play a key role in asset acquisition in Canada





The finance leasing company in Canada. While cash flow and capital conservation are prime motivators in why Canadian business owners and managers use asset finance as part of their overall business decision pretty well everyday there's a lot more to this finance tool that impacts your overall success. Code Name - LEASE FINANCING!

A lot of the history behind lease finance in Canada revolves around the taxation and off balance sheet issues that have to do with this method of financing assets. But the Canadian business owner and managers views this a lot more simplistically - it's simply a solid way to get the assets they need to run their business - on financial terms and structures that work.

We were reminded recently that you can do a great job of pre planning asset acquisitions by utilizing the concept of the lease line of credit. That process allows you to pre qualify for a lease line of credit - at which point you've got strong negotiating power with your vendors. The ability to be ' proactive ' in acquiring assets puts your firm ahead of the competition.

The benefits of lease financing can be summarized as follows:

Flexible financing
Simplified asset acquisition
Structures and rates that are commensurate with your firms credit quality

Why does the owner/manager often think that the whole issue of financing assets is complex? In talking to clients a number of reasons emerge; they can probably be boiled down to the mechanics of approval and documentation, and the accounting and tax issues that arise from a well structured lease.

While it sometimes feels to us that ' Operating Leases ' are not as popular as they once were the issue of using and not owning the asset is still a powerful one. Technology as a whole certainly lends itself to operating lease financing .Even software applications can be bundled into lease transactions.

We suppose you can think of a finance, or capital lease as a lease to own strategy, similar to a mortgage in some ways. It's the counter part of the operating lease, allowing you to own the asset at the end of the term - with your fixed payments being made along the amortization of lease, which is typically 3-5 years for most assets.

We're often somewhat amused at the amount of time that clients place on getting the ' best rate ' when it comes to lease financing. The reality is that the useful life of the asset, the residual value of the asset at end of term, and other considerations often are equally or more important as rate.


Oh, and on that ' low monthly payment ' that clients fixate on when negotiation asset finance leases. Let's just say that that payment can be structured in ten different ways to make it seem affordable. That is done by the leasing company via down payments, purchase option structures, residual investment, etc. The bottom line of rates is very simple - The finance lease company in Canada is in a very competitive environment. Your firm’s credit quality will command an acceptable rate if you have the expertise to properly communicate your firm’s financial strength to the lessor.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in financing leases for your asset acquisition 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 - has completed in excess of 80 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 re: Canadian business financing & contact details :


7 Park Avenue Financial = Lease Financing Expertise






CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com









Stan Prokop

AR Financing . Your Every Question Counts When It Comes To Receivable Factoring

Lost Your Operating Manual For Receivable Financing In Canada?



OVERVIEW – .Information on AR financing in Canada . When it comes to receivable factoring what does the Canadian business owner/manager need to know with respect to operating and benefiting from a successful cash flow strategy .




AR Financing in Canada. When clients we speak to think about receivable factoring solutions they tend to have more questions on this solution than some other types of financings. Why is that we thought? We're not 100% sure but we know those questions need to be answered. So our solution, a mini ' Operations Manual ' on A/R finance in Canada.

It's those operations manuals that provide us with ' how to ‘, dangers, warnings, recommendations, so it seemed quite appropriate to adopt that type of information delivery! Let's dig in.

Canadian business owners and financial managers utilize Receivable factoring for a variety of reasons - one main one being it provides your firm with working capital and cash flow without dilution of your ownership equity in the company. It is often viewed as a short term or intermediate finance solution, avoiding long term commitments and long term debt.

It differs from bank financing from a number of perspectives. When you finance you A/R with a bank you provide an assignment of those receivables that you're financing. When you utilizing an A/R finance scenario you simply bulk up on ' Cash On Hand ' as you are in a position to constantly ' sell' your A/R on an ongoing or bulge type basis .

Both factoring and bank receivable finance advances you a per cent age of the value of your sales. In the case of Canadian chartered banks it's a 75% advance; Receivable factoring typically provides you with a 90% advance, so you have more liquidity.

Does our ' Operations Manual ' of advice recommend any one type of AR financing over another. Ours does! It recommends that you consider Confidential A/R finance
which allows you to bill and collect your own accounts - there are no notices to customers, you are completely independent of your finance partner, and at the same time you have the same or better pricing with respect to limits and credit lines.

In effect you're in control. That ability of Canadian firms to run their own businesses without any ' negative ' client reaction from their customer base. That's a good thing! , when it comes to the somewhat more conservative Canadian landscape of business ' perceptions '.

Receivable financing in Canada is a sub set, we can say, of asset based financing... So in many cases your cash flow financing for your receivables can be combined with inventory of fixed asset financing, allowing you to truly ' bulk up ' on capital needs .

The security for your A/R financing is pretty well the same as that of any Canadian chartered bank. Typically its most easily accomplished with the same type of General Security Agreement that collateralizes the financing.

So does the concept of an ' Op's Manual ' when it comes to receivable factoring make sense. If you're concerned about ' how things work '. ‘dangers’ , 'recommendations', etc consider a LIVE operations manual by seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor 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 - has completed in excess of 80 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 re: Canadian business financing & contact details :


7 Park Avenue Financial = Canadian Receivable Financing Expertise





7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com



















Stan Prokop