Sred Financing : The Inevitable Rebirth Of The Tax Bridge Credit Loan In Canada

Common Sense SR&ED Financing

OVERVIEW – Information on SRED ( SR&ED) financing in Canada. How The Tax Credit Bridge Loan revitalizes research financing in Canada for the SME sector participants




SRED (SR&ED) research credits in Canada allow participating firms to maintain their competitive edge while at the same time hopefully also staying one step ahead of the competition. But how does the Canadian firm finance the spend that comes with that R&D? Let's dig in.

It's pretty safe to say that any type of financing for firms in the SME sector is a challenge - so even safer to say that funding your research spend simply accentuates that challenge. There's no real form of ' debt finance' that allows a firm to finance its R&D.

In fact we suppose that of the thousands of firms out there that take advantage of SRED credits many of them are in the start up and pre revenue stage, making it even more difficult to access any form of financing, let alone Research spend.

Top experts in fact tell us that Canada, probably quite uniquely has about 98% of its businesses in the SME sector. That fact, coupled with the fact that R&D involves certain elements of ' risk ' make financing availability for SRED claims critical

Essentially two types of financing are available for SR&ED research credits. IF your firm has completed its annual claim and filed you have the potential to immediately access financing for your claim, which is typically arranged through a non bank entity. In our experience very few claims SRED claims are financed by banks on the sole merit of the SR&ED claim. We believe that if your bank would consider financing the claim it is in the context of a much larger borrowing relationship, which the majority of SR&ED claimants probably don't have in place.

Recent trends in Sred Bridge Loans (most claims are structured as a bridge loan with no payments made during the duration of the loan) allow Canadian businesses to access financing during the actual research activity spend itself. It's simply an acceleration of the ' waiting game' that participating Canadian business finds itself in while the federal and provincial governments adjudicate respectively their portions of your claim. Bottom line, this type of ' accrual financing’ allows your firm to eliminate the potentially lengthy wait involved in processing and in some cases auditing your claim.

For a firm that's in start up mode the actual financing received from a SRED research tax credit financing can be the majority of the cash that firm will receive all year.

All sorts of industries take part in the SR&ED (Scientific Research and Experimental Development) work. That can be software firms, pharma companies; mfg entities... research runs the whole gamut of Canadian business. We'll point out here that given the broad nature of research your ability to prepare and file a sound legitimate claim often rests on the shoulders of Canada's SRED consultants.

When it comes to the financing of your claim we point out to our clients that one of several key factors in financing approval is often the reputation of the SR&ED consultant you employ to prepare and file your claim.

If your firm is looking to recover research expenses under Canadian government SR&ED seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in completing a SR&ED bridge loan to provide valuable working capital and cash flow to your ongoing 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 = SR&ED TAX CREDIT FINANCING / BRIDGE LOAN 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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Government Loans : You’ve Unintentionally Stumbled On the SBL Small Business Banking Secret

The Financing Of Champions ? Government Business Loans In Canada

OVERVIEW – Information on government loans in Canada . Where doe the ‘ SBL ‘ loan fit in when it comes to access to small business banking for Canadian business




Government loans availability in Canada often comes as a surprise to the business owner/entrepreneur. Many clients we talk initially don't seem to understand how the ' SBL ' loan fits into the small business banking structure in Canada.

Let's examine what we think you will consider a pleasant surprise when it comes to discovering the access and capabilities of this loan. Let's dig in.

When it comes to starting, or building a business in Canada the entrepreneur is often concerned about the aspect of personal guarantees. How does the issue of the ' PG ' (personal guarantee) fit in when it comes to the BIL/CSBF loan program? By the way that's the formal term for this loan program, which is administered by INDUSTRY CANADA in Ottawa.

But back to our ' guarantee ' issue. It's really a ' good news/ bad news' scenario here. The bad news is that a personal guarantee is required under this loan program. The good news: It's only for 25% of your loan amount - with maximum loans under this program being $ 350,000.00

Why should Small business loans via the federal program have so much appeal to the entrepreneur. They are clearly not for the ' big boys’. It's all about helping small business, including restaurants, service companies, mfg firms, etc. In fact the government goes so far as to limit the actual or projected revenues to 5 million dollars when it comes to eligibility and application for the loan.

One other important technical aspect of the loan is that while the program was created and developed by the government they do not run it on a daily basis. That's the job of Canada's chartered banks and a handful of other misc. institutions - but primarily our banks.

So it seems that the best place to go to both learn and apply for the SBL loan is any local bank branch, right? We wish that were the case , but in our many years of experience in guiding clients through the program has shown us that unless you have an experienced advisor guiding you through the process your chances of success are severely diminished.

It's almost humorous, and somewhat ironic that in the U.S., where a similar program exists, the rules state that the entrepreneur must in fact be formally turned down by the bank before they can apply for the SBL loan. As one writer has so well put it ' I've never met an entrepreneur who couldn’t get turned down for a loan by the bank ‘!!

So what’s required when it comes to applying for government loans with a strong chance of approval success?

The basics are: an opening balance sheet and cash flow projection, a personal statement of finances from the owner/ owners (net worth statement), an executive summary or business plan, and an itemized list of items to be financed.

There's a lot of misinformation, lets call it ' urban legend' around government loans. Here are some examples -

It takes too long to apply/get approved (WRONG - A complete application is usually adjudicated within a few business days)

You need outside collateral as in many other types of business loans (WRONG - No outside collateral is required)

The SBL Loan is similar to a business credit line (WRONG - It's a term loan that finances only two categories of assets - equipment and leasehold improvements)

You can't purchase an existing business with the BIL loan (Wrong - you can!)

If you find that you've stumbled upon one of Canada's best kept secrets - the Govt Small Business SBL Loan and want to ensure your access to this great program (7000-8000 loans are approved each year for Billions of $ ) seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in accessing this great financing program.





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/government-loans-small-business-banking.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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Asset Finance In Canada : The Not So Secret Continuing Rise Of Equipment Lease Financing

Want To Lose That ‘ Being Held Ransom’ Feeling When Acquiring Business Assets In Canada ?

OVERVIEW – Information on the continued rise of equipment lease financing in Canada . When it comes to asset finance choices leasing continues to provide options and solutions for Canadian business










Asset finance decisions don't always come easy for the Canadian business owner / financial manager. How then do equipment lease financing solutions allow your company to escape that ' being held ransom' feeling when it comes to getting the equipment and technologies you require to run and grow your business? Let's dig in.

It shouldn’t be a secret that asset leasing strategies have been around for centuries in Canada. While some forms of business financing have either become outmoded or simply don't really work well anymore leasing assets continues to offer the same benefits it always has, and makes sense all the way along.

What are some of the key advantages then if your choose to lease assets? There are other ways to finance those same assets, the most common being term loans, bank debt, etc. Business owners therefore have options, but experts tell us that close to 80% of all businesses gravitate towards leasing simply because it's one other external source of business credit.

And, effectively structured it allows your company to access the capital it needs typically on a 100% financing basis. To be fair, many asset leases do require a first payment in advance, or a down payment, but once you're past that your purchase is simply fully financed.

A prime concept here is also the fact that equipt. finance allows you to match the benefits of the asset or assets you are financing to cash outflows over that same period of time. And if the asset in question is an operating asset that helps your company generate revenue all the better giving that matching of cash outflows. We could call this ' self funding' as the asset pays for itself over the period of the term of the lease.

While we are talking about paying a lot of attention at the start of your asset financing journey it makes as much sense to consider what the industry calls ' end of term options’. Simply speaking many assets still have a residual value of use and properly structured you can take advantage of that value by arranging a lease that takes that estimated final value into consideration.

Business owners/managers spend a lot of time chasing capital these days. Equipment lease financing approvals are much easier to obtain compare to bank financing which often revolves around annual bank reviews, heavier credit diligence, etc. While most Canadian banks now offer leasing as an additional service it’s important to remember they do that in the context of their entire relationship with yourself.

The bottom line - once your company is approved for a lease and you're making your payments on time no changes are going to be made to your deal. That allows you to source your working capital and other debt financing needs from other lenders or institutions. The prime collateral of the leasing solution is simply the assets under that lease, and typically no other collateral is required.

Many manufacturers of the assets you require to run your business over captive or specially tailored programs to enhance their sales. Take advantage of them because no one is more incented to help you finance your needs than the vendor itself.

While we are primarily talking about ' ease of acquisition' for assets your business needs you'll find there are a number of tax and accounting benefits to asset leasing.

If you want to escape the feeling of limited options and that desire to not be held ransom in your asset financing needs seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success in equipment lease financing.



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-financing-equipment-lease-financing.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

Direct Line = 416 319 5769

Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Business Finance Solutions For Cash Flow : Why Your Working Capital Seems To Be Staying Put

You’ve Got Sales, Working Capital, Assets And No Cash – Here’s Why!

OVERVIEW – Information on business financing solutions in Canada . Why the cash flow conundrum exists and what how business owners and financial managers can understand and manage it






Business finance solutions arise out of the necessity that your company typically has revenues, working capital (on the balance sheet), assets, and... you guessed it... no cash on hand! Let's examine why that is the case, and what your company can do about it. Let's dig in.

To many business owners it's somewhat of an irony that they have what their accountants ( and the finance text books ) tell them is a good ' working capital ' position yet are sometime or always finding themselves constrained when it comes to cash flow generation itself.

It's difficult to avoid at least some of the accounting lingo on why that situation exists - at the heart of the matter is the simply fact that profits on the income statement, and receivables and inventories on the balance sheet are really what is creating the problem.

The business owner/managers ability to analyze, understand and address cash flow is the ' make or break' of business success.

Cash flow is essentially all about timing. Unless you are in retail, or operate an online business your cash will almost never equal your sales/profits. And more importantly, the amount of cash you generate more quickly allows you to continually re-invest.

We've always found it somewhat ironic that the definition of ' working capital ' by your accountants and the text books tells us that it refers to current assets that can be liquidated into cash within a one year period ! Naturally more working capital is better, but you can have all the working capital in the world and still be going broke quite quickly - simply because you aren't either turning your assets into cash or monetizing them in a manner that makes sense for your company.

Your ability to move a dollar faster through your entire operating cycle, or to monetize a/r and inventories allows you to consider other options such as investing in more equipment and technology, paying owner dividends, or paying down any ' term debt' your company has.

We spoke about either turning assets over faster - i.e. higher inventory turns, better collection of receivables. But what are the external financing methods you can utilize to eat the working capital/cash flow divergence.

Those business finance solutions, when it comes to cash flow include:

A/R Financing

Inventory finance

Commercial bank lines of credit

Asset based non bank lines of credit

SR&ED Tax credit financing

Purchase order finance

Working capital term loans (term loans that provide cash on a fixed repayment schedule - typically 3-5 years)


We have found over the years that most businesses, certainly in the SME Commercial sectors rarely look at ' PAGE 3' of their financial statements. Clients we talk to can be forgiven for this as the accounting world has done a great job of presenting this page ' The Cash Flow Statement ' in a very technical matter, breaking it down into 3 different analyses of cash . The ' operating cash flow' portion of this part of your financial statement is often key to understanding what’s happening to cash as it flows through your business.

If your business has sales prospects, assets, and not all the cash you need seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success in business financing solutions that address working capital challenges.


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 CASH FLOW 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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

AR Finance Via A Receivable Financing Company : You Thought You Knew And Then You Read This

Looking For Real Words Of Wisdom In Receivable Cash Flow Financing?

OVERVIEW – Information on AR finance strategies in Canada. What does the Receivable Financing Company Offer That You Need?




AR Finance in Canada seems straightforward to most Canadian business owners and financial managers for the most part. However if you are not dealing with the right receivable financing company under conditions that reflect how you do business... well let's just say... Confusion has the ability to set in.

So let's share some of those pearls of wisdom around the cash flow financing mechanism that works great... when you understand whats happening.

Rather than taking on debt to finance your firms ongoing working capital needs many companies choose instead to monetize their 2nd most liquid asset - A/R. ( Cash on hand is of course your most liquid asset - it's just not as plentiful as you want it to be!)

If you firm meets bank criteria for cash flow / working capital needs you're in effect using that A/R as collateral for what most call a business line of credit. That's not really how Account Receivable financing works - under the ' paperwork ' involved in you are , at your discretion, constantly selling your accounts for a discounted amount .

The amount you receive, typically 97 - 98% becomes immediate cash on the balance sheet - pretty well the same day you generate a sales invoice. In effect you're simply shortening the total operating cycle of your business - and you can trust us that the costs associated with carrying your accounts receivable, risking bad debt, and missing out on opportunities to move your business forward because of a lack of cash is very nicely offset by your costs in the invoice to cash conversion via a Receivable financing company..

Canadian business owners have two choices when it comes to financing sales cash flow under the financing mechanism we've been talking about:

1. They can let an AR Finance firm run, manage, administer and finance all their accounts

2. They can choose to bill and collect in their own name, letting the finance firm remain quietly in the background. This method is we call CONFIDENTIAL A/R FINANCE

When we talk to clients that have used, or are thinking of using such an invoice discounting process we stress that it's all about the quality of the firm you are dealing with. Ultimately you want a firm that understands your business model, prices competitively, and has the capital to grow with your business.

By the way, some of the largest and most successful corporations in Canada figured this same type of financing out a long time ago. They call what we've been describing ' SECURITIZATION ‘. Like your firm should be doing, they focus on keeping inventory low and A/R turning into cash on had as quickly as possible.

The ' PERFECT STORM ' in AR finance happens when your firm is:

GROWING

HAS GOOD GROSS MARGINS ALLOWING YOU TO ABSORB THE FINANCING COST

FOCUSING ON GOOD ASSET TURNOVER AND MEASURING THAT TURNOVER

UTILIZING A RECEIVABLE FINANCING COMPANY TO FACILITATE GROWTH, NOT HIDE MISMANAGEMENT OF ASSETS

If you think this method of financing could work for your firm seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you with the ' words of wisdom' that will allow your company to maximize the challenges of business financing and growth.



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 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

Direct Line = 416 319 5769
Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Information Technology And ‘ IT ‘ Computer Financing In Canada Shouldn’t Be Cringe Inducing

Looking For A Technology Financing Sidekick?

OVERVIEW – Information on financing information technology in Canada. ‘ I T ‘ assets such as computer and software solutions require the maximum amount of financing leverage for a number of reasons

Information technology , and in particular ' I T ' Computer financing in Canada doesn't need to be ' cringe worthy '

when it comes to putting the right finance solutions place for your computer, software, telecom and other needs in today’s ultra rapid pace of tech change .










So it would seem your firm might just benefit from a ' sidekick ' shall we say in addressing those financing needs. We suppose that's us, so let's dig in.

One of the most common solutions to acquiring and financing technology has historically been leasing. It's been around almost before the Dead Sea even was ill. And the benefits have always been the same.

The industry summarizes these as:

Asset obsolescence management

Cash flow preservation

Ability to upgrade assets as you require

Pre negotiated 'End of term' options that make sense for the lessee

Customization and Flexibility

It's therefore not hard to see how these key benefits, almost timeless with this type of financing fit nicely into Information technology financing.

Budgets are a key part of any company (large or small) tech finance asset strategy. Sometimes these budgets have timelines that make computer financing for hardware and software needs challenging. Lease financing allows the business owner and financial manager flexibility in managing to that budget, both in terms of funding and timing.

The ability of your company to adapt to new technologies and finance them at the same time will always be a top priority for businesses in today’s highly competitive environment.

Numerous ' accounting ' issues

tend to somehow ' pop up ' when it comes to ' I T ‘asset acquisition. This might be items such as ' depreciation', ' off balance sheet ' accounting for operating leases, book values, etc. It's always smart to consult both your accountants or an experienced Canadian business financing advisor who can assist you with the proper handling of those issues.

One of the biggest mistakes that a company can make is to be unwillingly, or ' unwittingly’ locked into computer financing situations that offer no flexibility. In a perfect world you want to strive for the ability to ' scale ' your investments in tech while at the same time knowing you can either ' lock in' or grow at any given time. Lease financing more often than not, properly structured, offers those options.

When you require technological assets it's of course key to select the right vendors and suppliers. While sometimes the vendor and finance solution are separated, in many cases it makes sense to use the ' CAPTIVE ‘finance solutions of your vendor which offer your firm a total one stop solution.

Knowing you have legitimate vendors and lease and finance contracts that are understandable and make sense is key to solid tech financing success.
Simply speaking the right assets and the right financing will help you achieve maximum RETURN ON INVESTMENT - ' ROI '.

‘CRINGING ' doesnt need to be a part o your information technology thought process. Find that ' sidekick' you need by seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor with a track record of success in IT Computer financing in Canada .



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 = Technology 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

Direct Line = 416 319 5769
Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Financing Information Technology Allows You To Stop Chasing Tech Change : Computer Finance Strategies 101 + 102

Untangling Technology Financing Information In Canada

OVERVIEW – Info on financing information technology in Canada . Computer software and hardware finance strategies explained




Financing information technology becomes a lot easier when the business owner / financing manager or information tech manager understands key issues and financing options. Some areas of financing lend themselves perfectly to technology finance - others... well let's just say ' not so well'! Knowing the differences can make or break your tech budgets, and hopefully not your career! Let's dig in.

While no industry moves more quickly than tech even it surprises us sometimes and moves even faster.

Just when you thought you knew all your options in hardware and software selection, as well as financing along comes things like ' Cloud Computing.

(Real time computing over a network with scalable virtual servers and software from a remote location)

That whole issue of scalability, i.e. computing power when you need it and financing for that, has always been an issue. Traditionally it's been handled quite well thank you by using equipment lease financing to address the constant change in hardware and software needs and the actual evolution of those products and services in new versions, etc.

Typically owners would choose a ' capital ' or ‘operating’ lease to match their ownership needs. The danger with a capital lease not arranged well is that it locked the business owner/CIO in to a long term arrangement that often very quickly needed upgrading. So penalties to break the lease were often expensive in the context of total cost of ownership as companies found themselves locked in to hardware and software that needed upgrading.

Enter the ‘Operating lease’ which allowed thousands of firms, large and small to enter into computer leases that seemed to make a lot more sense. Why? Simply because they gave the company the option to buy, return, upgrade, or extend the current computer financing arrangement. That added a load of flexibility to the owner/CIO's tech challenges.

Top experts in the industry tell us that today the ' Accelerated pace of implementation ' is in fact... you guessed it... accelerating!

Larger companies have the benefit of putting large budgets and people assets in place to do major implementations. The business owner in the SME sector is more challenged as they struggle to pick the right hardware and software and not eat into their cash flow and R&D budgets,

Clients in the past who used technology in their R&D and required computing power to perform that R&D could also claim those expenses as part of their SR&ED claim, which was also financeable when filed by the way, Yet that part of the SRED program is in fact being phased out, again making technology financing more of a challenge for Canadian firms who wish to innovate.

Naturally the goal of any computer financing strategy is to lower costs, ease cash outflow, and attain the benefits of the solutions. So having finance flexibility is key, and computer lease financing for hardware and software requirements still makes total sense. (When you have the right lease and lease company in place!)...

Can we provide a good example of why computer leasing works and is used? You knew we could! Although probably not widely known all of Canada’s banks lease computers and software. What??!! Yes, it's true, so we have banks who only lend and guard our money actually borrowing money to finance their tech infrastructure.

Why would a bank borrow money and incur interest and finance costs and lease obligations when in fact they appear to have all the money in the world?! The answer is what we have shared all along here, namely that its not about the capital cost in an ever changing technology world, its about the flexibility to make changes in your tech assets such as hardware and software with maximum flexibility - allowing the banks ( or your firm ) to replace, upgrade, return, renew .. All the while allowing you to... yes... stop chasing change!

If you want to understand your technology financing options seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success in computer financing.




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 = Computer And Technology 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

Direct Line = 416 319 5769
Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop