Sale Leaseback Financing . Let The Lease Back Unmess Your Working Capital And Asset Challenges

Too Much Of A Good Thing? Why Sale Leaseback Financing works!


OVERVIEW – Information on the sale leaseback transaction in Canada . How does this type of lease transaction work and why and when should your company consider it




A Sale Leaseback of certain or all of your assets ? A good thing ? At various points in the economic cycle a business owner or financial manager considers a sale leaseback financing. Is that type of transaction advantageous, and what are the risks and benefits? Let’s dig in.

Many firms do not fully know about or understand the advantages of this type transaction. This is a classic alternative financing strategy that works best when it is a good deal for the lessee and the lessor. It does not work well when the lessor presumes it is a 'cash grab' by the lessee.

This type of financing should be contemplated if your firm has the following characteristics:

- Experiencing working capital challenges
- Declining profits
- Excess unencumbered assets
- High amount of debt


If a company has a high amount of debt a sale leaseback transaction can still be a very positive financing event. By structuring the the transasction as an operating lease the debt becomes 'off balance sheet '. This gives the appearance of the company being not so highly leveraged and quite often it can save the company from being in default of its loan covenants.


In many cases the sale leaseback can bring a significant amount of capital back into the firm.


So when does a firm consider such a transaction - every industry is different but if the firm is bottom line, over leverage, i.e. Debt too high, there can be advantages to an off balance sheet sale leaseback transaction.


If a company has historically had pride of ownership, and has significant assets, and is suddenly going through a high growth stage it also becomes a good candidate for a sale leaseback. Cash flows are restructured and the company gains significant new working capital.


The best candidates, overall, for this type of financing strategy are high growth companies who would prefer to invest additional cash in receivables and inventory. Naturally no lessor wants to consider such a financing if the company is in some sort of death spiral.


In some cases when assets have in fact appreciated (not depreciated in value) the company may actually be able to report a gain in earnings, as the sale leaseback transaction in excess of book value allows the company to book the sale leaseback gain into the profit account!


Many government institutions,

such as municipalities, hospitals, etc may find this type of financing strategy as optimal in solving temporary budget cuts and working capital challenges.


In summary, a properly structured sale leaseback can provide new cash, enhance earnings, and in effect be a creative way to temporarily re finance the firm or institution.


Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset finance and refinancing 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/sale-leaseback-lease-transaction.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

Cash Flow Is ‘ Tight ‘Is One Saying We’re Committed To Eliminating Via Receivable Finance And Confidential Factor Funding

Some Good Reasons Combating

True Weakness In Cash Flow Is Easier Than You Thought


OVERVIEW – Information on factor funding and receivable financing in Canada . Cash flow challenges can be solved via creative alternative financing that meets all the business needs for owners/managers






Receivable Finance...aka ' Factor Funding' In Canada . Quite frankly we couldn't count the number of times that a client has opened up to us with the line ' cash flow is tight '. That challenge, that appears sometimes, or in the case of some clients... all the time. Is there a way to combat that problem? Let's dig in.

Numerous types of financing can combat cash flow and working capital issues your company faces. We're focusing on some solid external solutions, but we'd be remiss to remind business owners and managers that a lot of cash flow challenges can be addressed internally through faster asset turnover, and simply hard focus on quality , reporting, of current assets and liabilities such as inventories, payables, and of course our focus today, A/R.

How does a business owner know when external financing solutions such as A/R Financing are needed? We suppose we are talking about those ' symptoms' of cash flow being tight.

When most business owners/managers think of external financing in Canada they think of ' the bank’. They go to ' the bank'. Traditional lending is great because it's low cost and plentiful if your firm qualifies. But more often than you think issues of financials, collateral, history of owners, etc prohibits many firms from accessing that plentiful ' low cost' bank financing.

We also meet many clients who in fact have low cost flexible Canadian chartered bank financing, but it’s a case of ' not enough '. Not enough is due to some of the issues we will now address.

At night business owners dream.

Those dreams often include the concept of high growth. While the future financials might look bright when it comes to profits and sales revenues quite often the investment that you need to make in people, materials, and inventory and receivables is improperly overlooked. So Receivable Financing is simply one way to get the profit and growth into your financials.

Many clients we meet are embarking on -

The big project
The new product line
Entry into U.S. and foreign markets
Major R&D projects
Major fixed asset upgrades

While equipment financing and SR&ED tax credits can help finance some or almost all of that expansion it still takes funding out of business credit lines. Factor funding is in fact a business credit line - it's a subset we can say of asset based lending in Canada. Cash flow derived from this method of financing helps fund your expansion, simple as that.

Cash flow may not be tight today, it often will be ' tomorrow ‘.

In financing that is known as ' the bulge '. So while a traditional bank business line is a fixed credit limit Receivable financing via confidential factor funding allows you to address ' the bulge '. That bulge is a lot easier than the one we're trying to eliminate at the gym! The bulge is when you get the big order, have a temporary buildup in receivables, or require products and services that necessitate major cash outflows.

Payroll financing is one other aspect of A/R financing. For some reason we have never quite figured out employees and contractors want pay cherubs and they want them on time. Factor funding allows you to pay employees before clients pay you.

If you want to understand how confidential factor funding works ( you bill and collect your own receivables , while getting funded daily ) 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 - 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 = FACTOR FUNDING AND CONFIDENTIAL A /R FINANCING SOLUTIONS



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























Stan Prokop

Asset Based Lending Via Qualified Lenders (Almost Better Than Having A Fake I.D.)

ABL Couldn’t Save Detroit But It Probably Will Help Save Your Firm From Financing Challenges




OVERVIEW – Information on asset based lending in Canada . Working with the right ABL lenders allows your firm to monetize assets and address growing working capital needs



Asset based lending in Canada. We're pretty sure this type of financing from lenders could not even have saved Detroit ( Detroit apparently had no sales or cash flow!) , but we're 100% sure this method of financing a business line of credit can either grow, or dare we say save your company when it comes to working capital and cash flows. Let's dig in and explain.

And by the way, we never have and NEVER will condone Fake I.D. ;

but frankly we came up with that as a good analogy for ABL because that fake I.D. card grants you accesses to places you could never get into before . Asset based credit does the same thing. You're suddenly in the big leagues when it comes to line of credit access your form could not get before.

When a company in Canada has the asset base but lacks the sizeable net worth (equity) to finance the business externally the ABL business line of credit is a very solid solution. (ABL = Asset Based Lending)

While the textbook case of an asset based credit deal for us is probably the traditional manufacturing firm it is very safe to say that it applies to any business in Canada that has any assets that come from the three categories of receivables, inventory, and fixed assets.

For instance, although we traditionally think of a commercial business selling on trade credit to other businesses a great example of an asset based credit deal is a major retailer who sells on cash, but has... you guessed it... a ton of inventory in their stores and warehouses. At the other extreme might be a high technology firm that develops software. They have no inventory, but sell their software commercially to commercial and government accounts. Their sales generate receivables and those receivables can be financed by a non bank ABL.

We don't want to digress too far from our key subject area today, but Canadian business owners and managers should know that ABL lending also has the ability to help you acquire a competitor, merge with a firm, and even work your way out of dire straits. Larger companies who find themselves in CCAA proceeding can use the facility to refinance and re-emerge.

We don't think we have met a client over the last ten years who hasn’t eventually looked us in the eyes at that first meeting and asks the question only a customer can ask - ' WHAT'S MY RATE '.

We're reluctant to sound like our lawyer today,

but frankly ' it depends ‘. Don't worry we're not billing you for this info. But our point is simply that asset based lending can be lower than, equal to or higher than a Canadian chartered bank similar facility. The key issues surrounding rate are the general financial health of your firm, the existence or non existence of profits, the size of your assets, and the type of ABL lender you are working with.

While the smaller ABL type loan is typically 250k and above the larger transaction in Canada can easily be in the tens of millions of dollars. There is no upper limit to a true ABL deal, and this type of ' loan ' (it’s not a loan per se - its asset monetization) is much more easy to achieve than traditional bank financing in Canada. While chartered bank credit lines in Canada are pretty well the best deal when it comes to overall analysis of cost and flexibility these type of borrowings come with some stringent requirements around cash flow, debt service rations, external collateral, personal guarantees... and on it goes.

While we don’t think ABL could have saved the bankruptcy filing of the CITY OF DETROIT in the U.S. (100,000 creditors, 20 billion in term debt, 78,000 abandoned homes, and total vacancy/dereliction of 30%) we do in fact see everyday where it helps Canadian firms such as yours refinance, grow, merge, and expand into new markets and products.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor today for getting on track with asset based lending facilities.



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 = ASSET BASED LENDING 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

Working Capital . Must Knows For Survival Of Special Cash Flow Challenges

Experiencing A Shortage Of Cash Flow? Here’s Why And Here’s The Fix


OVERVIEW – Information on working capital issues, challenges and fixes in Canada






Working Capital . There's very few businesses in Canada that can make the statement they have never experienced a cash flow shortage. We've toiled ourselves in some of larger multinationals in the world ourselves and we can assure you it happens to everyone. In some ways we are saying that we can condone any obsession you are having on cash flow - just keep it a healthy obsession please! Let's dig in.

After many business owners meet with their own financial managers and accountants we can forgive them for getting a bit confused on technical definitions of working capital (it’s those ratio guys again!) we tend to view it from a different perspective, the so called real world.

So it's simply a matter of sitting down with clients and pinpointing solutions that will finance the ebb and flow of the inventory cycle ( raw materials become finished goods ) ,the collection cycle, , and understanding that you should only pay suppliers when they are due . In fact it’s even more recommended that you negotiate special terms if you can, as those special terms equal... CASH FLOW. (Less cash going out)

Again, to re-enforce our point any supplier payment relationship can be potentially negotiated. Also, you're in a position to ask for discounts on prompt payment by the way. We read some great terms for types of client that affect your whole ' payables/cash flow ' strategies - They included the ' dictator client, the narrow focus client, and the ' incorrect scorecard' client. Over the years we've met our share of the ' Dictator Client'!

The actual days that your money sits in inventory, A/R, and then gets spent in A/P becomes what are known as your conversion time.

At the end of the day proper a/p management of terms:

INCREASES PROFITS
GROWS PAYABLES AND CASH

Remember also that they are various forms of what we can call ' Specialized Lending' when it comes to working capital. These include:

FACTORING/CONFIDENTIAL RECEIVABLE FINANCING
INVENTORY FINANCE
PO/SUPPLY CHAIN FINANCE
ASSET BASED CREDIT LINES THAT HIGHLY MONETIZE A/R AND INVENTORY
And lets not forget COMMERCIAL BANKING FACILITIES if your firm qualifies.


These specialty lenders are focused on quick approvals, asset monetization, and can often bring significant expertise to your business via their own industry knowledge. That deeper understanding means only one thing, more business credit for your firm.

The small business and SME sector are crying for more financing these days. Time is better and they want to grow. Hopefully we have shown that the fix is in. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your 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/working-capital.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

Financing A Business Purchase In Canada . Here’s Your Field Guide To Acquisition Loans

Looking For The Best Way To Finance The Purchase Of A Business


OVERVIEW – Information on finance a business purchase in Canada . What type of loans and asset monetization will make your deal work?



Financing a business purchase in Canada . Numerous situations occur that make buying a company a very attractive situation. You've become opportunistic in a positive manner. One question that comes up pretty quickly for the business owner/management is pretty straightforward: HOW ARE WE GOING TO FINANCE THE PURCHASE? The good news - both traditional and alternative strategies exist to successfully complete the deal. It’s our kind of ‘ FIELD GUIDE ‘!

Let's dig in.










No one denies that financing an existing or business purchase is not a cake walk , which by the was in fact an old English Dance . Not to belabor the point but we recently pointed out that in recent Canadian owner surveys over 60% of all owners/mgmt felt that any type of capital access was more than a job!

The size of your acquisition will in many ways determine what type of financing that you need and what's available. For business purchases on the smaller size, i.e. less than 350k the Government SBL loan from a qualified provider is a solid route to take. It finances hard assets and leaseholds, comes with excellent terms, and allows you to step into other financing that you need re working capital, etc.

In any transaction, of any size, it is important to the purchaser that he or she understands that a certain equity component be available to compliment the deal. That's a polite way of saying you can't finance a business purchase with 100% of other peoples money - aka OPM!

The amount of capital that you put in, in effect your ' risk money ' can often sway the deal, certainly in terms of finance. While that's more of an emotional comment hard reality kicks in when you understand that your equity/down payment component affects the leverage and debt to equity analysis that lenders focus on.

A great way to compliment any financing structure in the business purchase is the VTB, the infamous Vendor Take Back. It's a great deal for you the purchaser; the challenge is that the seller’s typical desire is to exit whole, and to complicate things, they prefer for tax and other reasons a share sale. Share sales are difficult to finance. Asset deals are preferable.

We see many firms in the SME sector that contemplate acquisitions focus on VC funding

or alternatively Private Equity. Unfortunately the majority of these efforts are wasted as these two methods of more sophisticated financing focus on larger deals with extremely sophisticated people that are look for a major, and we repeat major home run. Inevitably the majority of deals funded by Cdn VC's and PEG'S (private equity groups) are mostly in the tech sector.

Banks in Canada, the consummate ' Traditional Lenders ' will in fact finance a business purchase. But ensure you have a business plan, proven historical cash flows, reasonable owner equity, and leverage that is in tune with the banks appetite. Experts in the field say that only about 20% of all business acquisitions are financed successfully by Canadian banks directly.

Another tremendously successful way to finance a company acquisition is to consider Asset based lending. Here the total assets of the new entity can be monetized in a combination of term and revolving debt that maximizes cash flow and de-emphasizes the issue of leverage.

If you're looking for a mix of technical smarts, creativity, and access to numerous financing vehicles to complement a business purchase seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with this very specific type of financing challenge.



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 ACQUISITION 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

Funding Business Turnaround. Growth Financing Secrets And Tips For Canadian Business

( The Other Reason ) Why Companies Fail ( And How To Prevent It! )


OVERVIEW – Information on funding the business turnaround . Growth financing strategies .. that work





Funding business turnaround. Whether it's growth financing or rescuing a company from that terrible spot known as ' dire straits’ no business owner/manager wants to ' crash '. So imagine our surprise when we read and talked to the mgmt of a firm that put out a great article entitled ' WHY COMPANIES CRASH !



'

But wait a minute, when we read the article and discussed it with the writer we found it focused on some great, but not financial issues. Those issues included salary and compensation models that didn’t work, strange organization structures, and poor or non existent business goals. Great stuff, and we'll leave those areas to consultants and others, but that is not our focus, which is failure due to no financing, poor financing, or wrong financing. Let's dig in!

As we can imagine financing at a time when its least accessible to your firm is.... difficult! While we might assume ( or hope ) that Canadian chartered banks are the best or most likely to save a firm the hard core reality is that bank loan rates and margins and a non tolerance for excessive risk quickly rise to disappoint when growth and turnaround finance is needed the most.
In fact when Canadian chartered banks feel that your firm reaches ' CODE 10' on their risk meters

they actually move your account to a special loans category and increase your borrowing costs while limiting access to credit. Not what you had hoped!

Firms that have assets and growth and survival possibilities of course want to avoid bankruptcy and face the burden of losses owners, lenders and investors in your firm.

Assets are what often saves a firm and that is a great place to start. While assets can of course be sold off and liquidated. At that time surely the business owner couldn't have any more bad luck... but wait, and then Revenue Canada shows up also. It couldn’t be worse.

But that’s when creative financing strategies employing the concept of asset based lending can save the day. By carefully assessing and appraising the ongoing value of assets such as receivables, inventory, unencumbered fixed assets ,, real estate ( if applicable ) , and tax credits and patents.

Careful crafting of such a facility allows a firm to pay off existing banks or lenders, come to suitable terms with those friendly CRA folks, and have ongoing capital for maintaining supplier and customer expectations.

When properly negotiated and documented proper borrowing structures can be put in place without onerous ratios and covenants that often control your ability to address growth and turnaround financing.

Numerous single and combination of finance strategies exist for funding business turnaround and growth. They include:

SUPPLY CHAIN / PO FINANCING

AR FACTORING

INVENTORY FINANCE

BRIDGE LOANS

SALE LEASEBACKS

TAX CREDIT FUNDING / SRED ACCRUAL FINANCING

NON BANK COMMERCIAL LINES OF CREDIT (ABL)


When you're faced with the prospect failing due to financing seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your critical 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 = GROWTH AND TURNAROUND FINANCING EXPERTISE AND FUNDING

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

Business Finance And Loan Financing In Canada. Can Amazingness Be Guaranteed

Do You Know The Driving Forces Of Canadian Business Financing - Not Everyone Does


OVERVIEW – Information on business finance and loan financing in Canada. What Challenge and Solutions are available ?



Business finance in Canada. When it comes to loan financing in Canada we're the first to admit we hate it when people flog a dead horse, as the expression goes. (Is that even politically correct to say?)

So we promise that this will be the last installment on the revelations we got when we participated in a CEO survey for BDC. The subject - Access to financing and nothing interests us more than that!

While a survey posts questions and responses we thought it even more prudent to add some real world commentary and throw in some solutions.

It was no surprise to us of course that 62% of Canadian business owners and financial managers found financing their business both difficult and ‘somewhat difficult '. Bottom line, half of your competitors are in the same boat as you, so don't feel overly bad.

The survey also revealed that many businesses are out there seeking equity financing of some form. While only a very minute amount of Canadian firms are successful in seeking VC or Private equity financing many business owners/managers still feel there firms are candidates for some sort of equity finance . Sadly few get to the goal line. Naturally if you've got the greatest story every told, sales, profits, and high growth potentials those friendly VC guys will be all over you. Good luck with that.

So if equity or quasi equity financing isn’t in fact available for your firm you've basically got two other solutions - take on term debt or our favourite, monetize and finance existing assets.

As a business owner are you sure that you have explored every aspect of asset and cash flow financing. These include:

Receivable Financing

Equipment Finance / Sale leasebacks

Secured/Unsecured cash flow loans

Monetizing your Financing SR&ED Tax Credits

Government SBL loans

Asset based lines of credit

Oh and lest we forget, the best but hardest to get - Commercial bank financing from our Chartered banks and government crown corporations


More often than not you're eligible for any or most of the above simply because your business is growing. As our survey noted if you're downsizing your company, outsourcing, or finding your business in a death spiral financing is going to always be more of a challenge. Not impossible, but a challenge.

43% of all Canadian business respondents in the survey indicated they were either unsuccessful or only partially successful in getting the financing they received. A good example of a solid solution as per above? Many companies don’t meet qualifications for bank financing these days, simply because their ratios and covenants are out of order. However, they are absolutely eligible for an asset based line of credit from a non bank commercial lender. The upside? This solution actually gives you more financing than you would obtain from a chartered bank facility. Trust us!

The main categories for business finance needs in the survey are those that clients talk to us about everyday. They include:

Equipment and Technology Assets

Inventory finance

Lines of credit

Leasehold improvements


Your peers and competitors in the survey indicated they didn’t receive access to financing because of the size of their firm, their inability to meet ' ratios’, or inability to provide solid personal guarantees and additional collateral.

While our great banks in Canada provide over 64% of all financing to business make sure you explore the firms and type of financing that provides the other 36%.

43% of all companies in Canada maintain they utilize a trusted, credible and experienced Canadian business advisor or firm to help them with their 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 = Canadian business finance and loan 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