WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Wednesday, November 27, 2013

A Sred Bridge Loan Or Media Credits Tax Credit Loans Round Out Your Research And Project Success





The Problem Of Waiting For SR&ED And Film Tax Credits - Solved!


OVERVIEW – Information on the SRED bridge loand and tax credit loans for media credits in Canada . How to eliminate ' the wait'




SRED (SR&ED) R&D tax credits, as well as media credits for projects in film, television and animation play a special role in two key areas of business in Canada. As with any aspect of business there are downsides occasionally, and in this case it's all about ' waiting ' for your refund. Let's dig in.

A Sred bridge loan and tax credit loans for media credits alleviate ' waiting '. Let's take a look a how certain aspects of ' waiting' can be accelerated, turning your credits into valuable cash flow.

As we've said, we're talking about two of the most popular government programs in Canada, the SR&ED research program, as well as the Entertainment industry’s government tax incentives. They are different, and, guess what, they are similar. In fact you’d be surprised at many of the overlapping issues, similarities, etc.

Let's talk about SRED (‘Scientific Research & Experimental Development ' ) first. Your ability to prepare a quality claim will always accelerate both the approval, as well as the financing of your claim. The vast majority of SRED claims are prepared by a third party that clients engage - they are the infamous ' Consultant ‘with claim preparation expertise in (hopefully) your industry. Their ability to properly ' write up' and file your claim, while maintaining a good ' audit trail ' will always speed up due diligence by both the government as well as your SR&ED financier , the latter being of course involved when you choose to finance or ' cash flow' your claim.

In talking to clients we've financed claims for over the years it's clear that having filed once already simply builds on your expertise to file successfully again. But don't despair. First time claims, done properly, can be successful, and YES... They can be financed!

The whole process of SR&ED research credits revolves around how your company attempted to resolve ' uncertainty ' in your company and industries technology, processes, etc. But remember, there's no uncertainty in financing your claim - any claim that is either filed or in process is eligible for financing, accelerating your recovery of cash spent.

With due respect to research in Canadian industry it's safe to say ' HOLLYWOOD NORTH ' ,
aka Canada is a bit more of a seductive conversation when it comes to tax media credits that the federal and provincial government provides for projects in animation, software, film, and TV. These credits are for 100% Canadian projects, as well as projects, that must be pre approved, that have foreign ownership content... aka the Joint Venture... often with those Hollywood folks who find the appeal of our tax credits too irresistable to dismiss.

Producers/ project owners qualify for expenses occurred in key areas such as labor and services. The role of the claim preparation switches here to a tax credit accountant,
formal designation or otherwise, who takes over the same role we spoke about re the ' SRED Consultant'.

A few genres of ' content' aren't eligible for media credits - understandably they include ' adult content', sports events, and some others. Media credits in film, TV and the exploding world of animation involve complementary programs via federal govt and our Canadian provinces. When combined they can often provide, broadly speaking, anywhere from 30-50% of your entire budget. In fact provinces compete with each other vigorously to solicit projects and productions... Vancouver, Toronto and Montreal are epicenters of media projects.



When tax credit loans are desirable for your claims it's a simply process. Here's where a lot of the similarities kick in - Claims in SRED and Media are typically structured as bridge loans with no payments. They often provide a cash flow loan of up to 70% of the total value of your claim. Diligence is given to the amount of your claim, who prepared it, and first time claims are financeable, 2ND time claims even better!

If your firm has SR&ED or Media Credits to finance seek out and speak to a trusted, credible and experienced Canadian business financing advisor. It's all about cash flow, and eliminating the waiting!


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 = Tax Credit Financing Expertise




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?


CONTACT:

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


Email = sprokop@7parkavenuefinancial.com


























Tuesday, November 26, 2013

Receivable Finance Options : It’s One Cash Flow Financing Entitlement You’ll Appreciate





Pleading Guilty On Understanding Receivable Finance Options ?

OVERVIEW – Information on receivable finance options for Canadian business. What solutions are offered in non bank cash flow financing




Are Receivable Finance Options and cash flow financing in Canada an entitlement? We're told of course that that term is a ' feeling or belief' by the business owner that they ' deserve to be given something such as a ' special privilege’ when it comes to understanding what their choices are in business financing. Let's dig in.

So when clients come to us looking for receivable finance options is all about really one of two choices - The Canadian chartered bank solution or the use of a non bank commercial finance firm that provides A/R financing services in a manner that the banks can't and don't.

But which one is for your firm.
If you of course can access bank financing it’s about 2 things - low cost, tempered with ability, or inability! to qualify for all the capital you need to operate, and grow your business.

Receivable finance via an invoice factoring/discount solution gives you unlimited access to cash flow financing, but has the business owner rationalizing costs and different procedures.

The essence of the whole debate revolves really around how the two different methods are documented. In the case of the bank it takes a general security agreement on your A/R and takes an assignment of all your present (and future) receivables. You then borrow up to 75% of your outstanding AR that is under 90 days old. The banks logic is that if your accounts are older than 90 days that's your problem, not theirs! By the way, we agree, as you ability to manage your credit granting to clients is one critical factor in business success. It's the cash flow!

A/R Invoice financing works differently. Under that mechanism, in our ' not a bank ' solution you have paperwork that allows the finance firm to, on an ongoing basis, ' buy' your receivables, typically at a 98 - 98.5% discount. That basically closes the transaction off. One way to look at it is that the finance firm takes a commission for allowing you to generate instant, same day cash flow.

Same day Service?
What do we mean by that ?Simply that when you are financing cash flow needs via receivable finance you have the ability to access working capital/cash flow at the same time you generate sales. You have turned your company into a cash flow machine. Congratulations on that!

Naturally you don't have to finance every sale you make, the prudent business owner and financial manager simply accesses cash as they need it as they sell products and services and grow their company.

One more tip. We strongly recommend CONFIDENTIAL A/R FINANCING, allowing the business owner to bill and collect all their accounts, finance them, without any knowledge of other parties such as suppliers, clients, etc. It's simply the bank alternative.

Looking for more info on AR financing? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your receivable finance options. Don't please guilty to being unable to access the business financing entitlement you deserve - choices!





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 = A/R FINANCING AND CASH FLOW FINANCE EXPERTISE





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?


CONTACT:


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


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '










































Sunday, November 17, 2013

Financing Refundable Tax Credits In Canada : SRED And Film Bridge Loan Similarities





Your New Target Goal
For SR&ED And Film Tax Credits : Financing!

OVERVIEW – Information on non refundable tax credits in Canada . Why a bridge loan for your SRED or Film , television or Media project makes financial sense





Non refundable tax credits
in Canada. We're told that it's good to have a ' goal ' in business, and in the case of a tax credit loan for either your ' SR&ED' or 'film/TV or animation' credit might well be to finance that claim! Let's dig in.

Although we're talking about two separate government tax credits for separate aspects of Canadian business ( 1. Research 2. Media/Entertainment) both of these claims provide your company with the recovery of valuable cash flow/capital spent.

And our premise? It's simply that if you choose to finance either of these claims you're only doing one thing: Accelerating the benefits by recouping working capital faster. Now that's a goal to aspire to, right?

Although, as stated, we're talking about two different government programs there are some very strong similarities between the two. One of those is that they are both structured around federal and provincial co-operation.

Another example of similarity is that many producers / owners of media projects can also use the SRED program to claim non refundable credits. When it comes to the SR&ED (acronym for ' Scientific Research + Experimental Development ‘) credit any media project in any of the genres of film, TV and animation can file a claim around innovation they might have developed and spent capital on in areas of assets for film and TV (i.e. cameras, etc) or software in the evolving area of 3D as an example.

When it comes to Media tax credits many owners or co-owners of productions are in fact partially non Canadian in nature. A large majority of these productions are eligible for SR&ED and Film credits because they have an aspect of Canadian ownership, and are often domiciled under a legal Canadian special purpose entity , therefore becoming eligible for the ' SPEND' they make in Canada relative to the specific qualification of either of our two tax credits in question .

It therefore can't be a surprise that our proud Canadian nickname of ' HOLLYWOOD NORTH' continues to gain traction based on several underpinning fundamentals - a strong economy, robust tax credits a diverse geography and talent pool.

In Canada the federal and provincial governments allocate Billions of dollars every year to both programs, funding thousands of projects in either SR&ED research/innovation or film, television and the fast emerging Transmedia industry. In the case of the SRED program only privately owned (i.e. not public companies) are eligible to claim. The big guys seem to have their share of other benefits, right?

Speaking in broad terms both programs can generally deliver a non refundable tax credit claim for your project in the 30-50% range. Again those are common claim amounts, but vary from a technical term based on which tax credit it is, what province it originates in.

Both claims are typically prepared by an expert in either claim:

SR&ED = Sred Consultant
FILM/TV/ANIMATION= tax credit accountant


Have we forgotten anything? We almost did. It's why business owners, financial managers, and production owners should consider financing your claim. It's simply all about accelerating cash flow.

Once again similarities arise. Credits are financed via bridge loans - no payments are made for the duration of the loan, and financing costs are deducted from the final claim cheque that comes from the government. Broadly speaking claims of non refundable tax credits are financed at 70% of their value, providing valuable cash flow and working capital for companies (SR&ED) or Producer/owners (FILM.

Check out the benefits and ' next steps' in financing your tax credit by seeking and speaking to a trusted, credible and experienced Canadian business financing advisor who can assist you with your loan 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/non-refundable-tax-credits-loan-sred-film.html







Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?


CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Phone
= 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '




































Saturday, November 16, 2013

The Purchase Of a Distressed Business In Canada. Eliminating The Worst Days Of The Acquisition Of A Troubled Company

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Everything You Didn’t Notice When You Purchased A Distressed Business

OVERVIEW – Information on buying a distressed business in Canada. The acquisition and purchase of a troubled company is a daunting business challenge





Buying A distressed business in Canada. It's a phone call we've received a few times over the years - a clients earnest desire for the acquisition / purchase of a troubled company that... guess what... comes at a great deal and price!

Hindsight will often tell the business owner certain things weren't noticed in that whole process, creating some tremendous challenges for the new owner/manager. Let's dig in.

Opportunities in distressed business turnaround and acquisition come out of several areas. One is simply that in some ways we are still not over the economic crisis of 2008 and many businesses, small and larger are still affected in certain ways - bottom line, they are distressed. In other cases companies have in some cases ‘ lost their way ‘.
That presents a tremendous opportunity for a savvy buyer. In some cases it might be a direct purchase; in others it might mean a merger scenario.

The benefits of a successful acquisition of a troubled company are obvious - they often include a solid return on investment and assets, the ability to enter new markets, and also to acquire assets at what some might deem a fire sale price.

In many cases the business purchaser has the ability to remove the debt burden of the original target firm - either through legal or informal means- i.e. negotiation with creditors, suppliers, etc.

So where are some of the areas where things can go really wrong in buying that distressed business? Part of the problem can simply be the purchaser loses focus of the original intent of the acquisition as things get tangled up in negotiations, business cultures, etc.

In all cases it's important to determine there is no legal ' hangovers' in the target business , issues such as existing liens, contracts that were in place, lender agreements, lawsuits, etc.

When it comes to the assets of the business in question it in fact might be very prudent to allow certain assets, inventories, etc to remain with the current owner. But don't forget that those supplier /vendor relationships that were in place are critical to the ongoing success of any company.

Don't forget also that the ability to keep key personnel in the target firm is a valuable consideration, however that presents a big challenge when the business was in fact under duress and may have lost confidence in the business.

In Canada you can of course legally buy a business that’s already in receivership or bankruptcy or CCAA proceedings, however this has sometimes a larger cost and other legal obligations.

The right type of financing is available for all types of distressed business acquisitions. Financing and acquiring a troubled company can be achieved with bank term loans, asset based lending, mezzanine financing, etc.

If you're looking to eliminate the ' bad times' in the acquisition of a troubled company seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with ' noticing' the areas that will make or break success.



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/distressed-business-acquisition-purchase.html





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Phone
= 905 829 2653


Email = sprokop@7parkavenuefinancial.com

































Friday, November 15, 2013

The Secured Business Credit Line Is Sometimes More Difficult Than Negotiating With A Pirate : Finance Accessibility Made Simpler





Wasting Time On Acquiring A Business Line Of Credit ?
Here’s Why!



OVERVIEW – Information on the secured business line of credit in Canada . Financing solutions for your business must include day to day working capital solutions




A secured line of credit is almost always a necessity in business finance in Canada. A lot of clients we meet either are chasing a facility they don't qualify for, or in some cases simply don't understand the alternatives. We're pretty sure we can lend some clarity to the matter.

Credit lines in the business environment are a combination of:

Necessity

Opportunity


Uses for commercial lines of credit include expanding your business, funding daily operations, or simply giving the business owner/ financial manager some ' de-stressing’, knowing they have the liquidity they need if it’s required.

It's equally important not to use credit lines for the wrong thing - in finance that’s called ' matching' of debt and assets. For instance, you would not use your credit line to a maximum amount to purchase a fixed asset. You would be in a bad position pretty quickly as liquidity dried up while the asset in question is actually meant to provide your firm with its use for years. In that case the asset should be acquired via a term loan or equipment lease financing, as an example.

The concept of the business credit line is simple. It involves two things - fluctuations, and paying only for what you are using on the facility. Your bank or commercial lender likes fluctuations. That reflects the ebb and flow of your business as items are purchased, receivables are collected, etc.

The advantages of access to such a revolving facility include rates that match your firm’s credit quality, the flexibility of paying down the facility as your cash flow allows, and the ability to leverage up the facility if your sales and financial statements can be validated.

As we have noted, the alternatives to business borrowing typically are term loans, lease financing, etc.

A lot of the needs around 'LOC ' borrowing revolve around the seasonality or bulges in your business. Your ability to do a bit of reasonable forecasting is key when it comes to applying for the facility as you are required to demonstrated that the facility fills the gaps between cash outflow and cash inflow!

Start ups or early stage companies in Canada have a tough, if not impossible time to get a business secured credit line. The security for the facility is typically the owners’ personal guarantee, as well as a charge or lien against assets such as A/R, inventory, and equipment. That’s typically collateralized by a General Security Agreement on all the assets in your business.

If your business is start up/early stage and can't produce a couple years of financials you will find that the whole process is tougher than negotiating with a pirate,
which Tom Hanks told us is quite a challenge.

So, alternatives? They include:

Receivable Financing
Inventory Finance
Non Bank asset based lending
PO Financing
Tax Credit Monetization


Don't waste time barking up the wrong tree (financial institutions?) when it comes to business finance needs. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your working capital and 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 :


http://www.7parkavenuefinancial.com/secured-line-of-credit-business-finance.html





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:


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

Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com































Thursday, November 14, 2013

The Emperor Has No Clothes - Please distribute to all direct reports !


Getting a sick feeling happens to often in Canadian business under all sorts of circumstances .We go that sick feeling the other day when reading Barry Critchley's column in the FINANCIAL POST .

We've included a link to that article below

We're strong fans of Critchley's regular columns which often seems to cover some of the underbelly of whats happening in Canadian business.. good and bad .

Anyway, the gist of the article. It takes us back to circa 2008.. think back to that time in business, as the world basically ended when it came to worldwide economic implosion , bank failures, commercial financing failures , and oh yes.. have we forgotten anything .. yes .. our RRSP took 40-50% hits forcing us to spend the last 7 years crawling back to breakeven.

Enter the government in the form of JIM FLAHERTY setting up the ' emergency ' ( key word = emergency ) 12 Billion ( that's billion with a B ) CANADIAN SECURITIZATION AND LOAN FACILITY .

Our reaction at the time . We were overjoyed .. It was a classic ' I'm from the government and here to help '.
What could possibly go wrong with such a great government funding program?

As our business was, and still is financing origination for Canadian business we recall vividly banks stopping lending, commercial mortgages drying up, lease companies having their credit facilities stopped, and commercial finance companies exiting industries or simply closing down. Bottom line , it was ugly .

So here was the Canadian government coming in to also help out clients .

So, back to Mr Critchleys article . What did the government do with that 12 Billion . Did they lend it to the thousands of firms that saw their credit line facilities disappear, or find that their access to capital simply: GONE .

They didnt. Instead they appointed the BDC who did a handful of loans in the several hundred million dollar range to companies such as GMAC/GM Nissan, and CNH INDUSTRIAL . Apparently about 5 loans in total, all to companies that had revenues in the hundreds of millions or billions. CNH we believe is a Dutch company, so surely we all see the wisdom of helping a DUTCH subsidiary company as the world around us implodes? Who wouldn't buy into that?

Naturally that left our clients in the dust , with many companies failing, restructuring, having to merge, etc, etc


And the BDC /GOVERNMENT take? ' We consider the program a great success ' said Paula Cruickshank.

Who doesn't love a braggart in Business. We all do, don't we?????






The essence of Critchely's article was that the program made back all its money, and then some in profit based on those five loans.

It's easy to get sick on many aspects of Canadian business . This was an all time low and we say ' shame' on the government and BDC for bragging about making those 5 loans to the likes of GM, NISSAN, and some other misc. asset backed securities deals . So while the EMPEROR marched up BAY STREET touting loans for Canadian business in 2008 we offer that THE EMPEROR IN FACT HAD NO NEW CLOTHES,

We work on Main street everyday, not Bay Street and we hope someday , one day that the little guy will get the consideration he or she deserves without having to watch the action at the trough .










Here is the original link to the article we've discussed:




NATIONAL POST ARTICLE : CLICK HERE -> Credit Crisis











WHO IS STAN PROKOP ?

Stan has been acknowledged as a Business Financing expert by the FINANCIAL POST as well as the GLOBE & MAIL . He founded 7 Park Avenue Financial which has provided over 90 Million dollars of financing facilities to the SME sector in Canada . The firm specializes in receivable financing, equipment financing, banking facilities, Asset based business credit, and tax credit financing in the areas of SR&ED and Film . The company regularly receives referrals from Canadian banks, insurance companies, commercial financing companies based on its proven expertise with over 400 financings completed to date.

CANADIAN BUSINESS FINANCING


Franchise Finance Funding In Canada : No Hiding Here When It Comes To Franchisee Financing Basics





Welcome to Franchise Loan Boot Camp!

OVERVIEW – Information on franchise financing basics in Canada. How does the entrepreneur achieve successful franchisee finance solutions when entertaining the purchase of a new or existing franchise




Franchise financing basics
in Canada. Is there a ' boot camp ' we might be able to attend to learn more about ‘successful’ franchisee finance solutions in Canada. We're giving you free admission, so let's dig in!

Boot camp. It's really a place where people go to learn some basic skills we're told, and so it’s a good analogy for the Canadian entrepreneur and would be franchisee searching for financing options for their business.

While our great Canadian banks have some great commercials and websites around franchisee financing support in Canada in fact it's very rare they would finance a tier 2 or tier 3 franchise directly - so, so much for that commercial! They are very quick; we would point out, to finance the tier one franchises that are huge ' brands' with very limited chance of business failure. (HINT - Think hockey player/donuts or Clown/hamburgers... ' Billions served').

So what then must the franchisee do to locate the appropriate financing for a new turnkey or existing franchise? Franchises can be purchased and financed when they exist already because the franchisor is converting a corporate store to a franchise, or an existing franchisee has permission to sell the business to you. Another Hint - Don't forget to check out why he or she is selling!

So it's back to our entrepreneur searching for the franchise loan that makes sense for their business. Some key fundamentals need to be in place to source the small handful of financing solutions available in Canada in this industry. By the way, they are great solutions; they are just limited so you as a franchisee have to know what they are and who offers them.

Prior to entering the door
to franchise lending a few fundamentals must be in place. The entrepreneur/business person must ensure they have a reasonable personal credit rating as well as the resources to muster a down payment or equity contribution in the business. That ranges from anywhere from 10-50% based on the type of franchise you are buying, the amount of financing you need, the perceived risk in the transaction , or simply the requirement that certain franchisors place on franchisee equity contributions.

While sometimes the franchisee might feel that the down payment requested is onerous it's often driven by the franchisors experience in the amount of capital required to make a franchise successful. Certain industries carry a lot more risk than others from the lenders and franchisors perspective - a good example is hospitality.

We see a lot of clients initially spending all their time focusing on getting initial financing for their franchise, often forgetting that down the road they will need working capital, new assets, and potentially leasehold refurbishment to stay competitive.

Don’t forget also you absolutely must have a solid business plan, cash flow forecast, and some level of management or business experienced related to your new venture.

Have we forgotten anything? Oh yes, its actual franchise finance solutions!! They include the one or two specialty franchise finance firms that provide turnkey financing. The other popular, and more attainable solutions is utilizing the Govt small business loan which is perfected suited to franchisee finance as it covers assets and leaseholds required to get your business going.

That’s the boot camp overview. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with franchise financing basics that makes sense to achieve successful entrepreneurship in the Canadian franchise industry which is such a key part of our economy these days.




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 = Franchise Loan Financing Expertise





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Phone = 905 829 2653


Email = sprokop@7parkavenuefinancial.com