Commercial Lenders In Canada : No Black Box Needed To Locate Working Capital Sources

Getting To Know Sources Of Working Capital In Canada



OVERVIEW – Information on working capital sources in Canada . Non bank commercial lenders offer a dizzying array of financing not generally know to all business owners and financial managers in the SME sector of Canadian business financing






Working capital sources in Canada often seem hard to come by for Canadian business owners and financial managers. And you simply don't need a ' black box'

to locate the key information you need around commercial lenders offering quite frankly a dizzying array of financial solutions to the cash flow challenges your business faces. Let's dig in.

Your firms need for cash flow and working capital solutions will almost always be evident from your balance sheet. But can the business get approved for, and in fact support the type of finance solutions that revolve around working capital?

A growing business (much more than a start up or a company with fairly flat revenues year over year) simply eats cash. That's because the day to day needs of fixed asset obligations as well as the continual need to build up inventory and receivables due to the sales growth are a massive consumer of cash.

Some concepts are difficult to explain to clients who are more focused on sales growth, profits, etc - which by the way are all good things. A simple way we explain it sometimes is that the whole situation around ' working capital' simply revolves around understanding what you customers owe you as well as your total current ongoing investment in A/R and inventories.

You might have some positive cash on hand, and you ' might' have access to revolving credit facilities, but at the end of the day those balance sheet accounts are going to dictate the ' cash flow' situation. There is a whole handful of ' cash flow' definitions but we'll get into that some other time!

Every company is naturally different, a tech firm specializing in software solutions in fact has no need to worry about ‘inventory ', while a retailers total business revolves around financing the inventory component of their business. A wholesale distributor might have great sales, profits, but be cash strapped because they have demand for more orders and no cash because clients won't be paying them in another 60-90 days - and we wont even get into seasonality and bulges in business!

The good news is that your business has in fact access to working capital financing within banking solutions, and outside Canadian chartered bank solutions. Those include:

A/R Financing

Inventory Finance

Tax Credit SR&ED financing

Asset based lines of credit (these facilities, similar to bank lines, monetize A/R, inventory and equipment into one borrowing facility

PO /Supply Chain Finance

Securitization

Royalty/Revenue Financing - a newer concept getting more popular

Sale Leaseback

Bridge loans

Unsecured mezzanine type cash flow loans

It's critical to think of this type of financing as short term, and commercial lenders in Canada will always be a bit more, or a lot more expensive than the low cost financing we associate with our banks. In many cases the finance solutions are very specifically structured to the type of business situation your firm finds itself in.

So while commercial lenders can't compete on price, they definitely compete on the solutions you need to secure asset financing Focus on need, opportunity to grow, and cost and structure when looking at working capital sources you require operating and growing. Consider seeking out a trusted, credible and experienced Canadian business Financing Advisor with a track record of success to in effect become your ' black box' for critical info on finance solutions in Canada.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Working Capital Solution 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

Rebooting Your Working Capital Finance And Cash Flow Capital Choices In Canada

Miracle wanted ? Some straight forward solutions to faster cash flow financing in Canada

OVERVIEW – Information on cash flow capital access in Canada . Working capital finance issues are often complicated by issues of cost, timing to achieve, and knowledge of alternatives offered











Working capital finance solutions often make the Canadian business owner and financial manager feel that only a miracle will solve the challenges they face in financing their business. When they understand the timing it takes to successfully achieve proper business financing, as well as being armed with the right info they will have a better idea of how to ' reboot '

financing issues in their company. Let's dig in.

When it comes to the issue of ' time' around a flexible finance solution the standard ' go to ' in Canada is our chartered banks. Here you have the lowest cost of borrowing capital in Canada, with numerous solutions available for term and revolving business credit.

For smaller firms it's even possible to get an unsecured business line of credit. But even if your banking facilities are in fact secured they are always ' low cost' and flexible relative to the number of services offered

So what is the big problem? In many cases it’s both the time it takes to get such financing in place, compounded by the criteria your company needs to meet to get approved. So low cost, and not so easy to get. That is the conundrum.


By the way, those criteria items for working capital finance approval? They include (but are not limited to!) clean balance sheets with tangible equity, income statements that demonstrate profits and key ratios that must be satisfied such as debt to equity and positive cash flow.

What then are the options? The gap it cash flow capital in Canada is filled by numerous non bank solutions. While these solutions almost always CANNOT match the cost of bank financing they do fill the gap nicely.

Typically these solutions include:

A/R Financing

Inventory Financing

PO Financing

Non bank ABL revolving lines of credit

Tax credit monetization

Mezzanine financing

Sale Leasebacks

Royalty/Revenue financing schemes - (relatively new)

These solutions tend to be specifically structured to your needs and are secured by the assets they finance. So at the end of the day the question that is faced by the business owner/financial manager is really the issue of the access to the financing needed, not the cost.

If you're looking to ' reboot ' your business with working capital finance solutions consider seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor who can help you address issues of:

Alternatives

Cost

Time involved


That 'miracle' your business is looking for might just be around the corner.






Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :



7 Park Avenue Financial = Canadian Working Capital 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

Financing Rate Confusion ? Mapping Bank Business Loan And Borrowing Rates In Canada

Business Borrowing Rates And Costs Shouldn’t Be A Frightening Truth

OVERVIEW – Information on borrowing rates for Canadian firms seeking financing solutions . What factors affect the financing rate for a bank business loan or commercial non bank finance solution


Borrowing rates and the financing rate for a bank business loan or other forms of commercial financing often are a disconcerting issue for Canadian owners and financial managers. Talking to clients we're often explaining (defending?) the costs associated with different types of borrowing. So.. The (not so) frightening truth ... Let's dig in.

We can quickly break down our subject into 2 categories - consumer/retail borrowing and business funding. We're talking solely about business funding here. We can further break that down into a bank business loan, or financing that is provided by commercial finance companies in Canada. And by the way a lot of those business financing firms, non bank in nature are in many cases subsidiaries of U.S. firms.

Almost always, and certainly currently, business bank rates are at an all time low. Should this be a surprise to the Canadian business owner/financial manager? Not really, as it's simply the spread between what the bank is paying us on our deposits versus their profit requirement on the mark up of those rates.

Confusion reigns supreme quite often because there's a myriad of bank products and services that all come with their own lingo - base rate, ancillary costs

(our favourite!!) etc.











Behind the entire bank pricing is of course the policy by the Bank of Canada as it pertains to the banks borrowing and lending with the government and themselves. That’s, fortunately, a subject for another day.

When it comes to business financing transactions from banks or commercial finance firms for that matter can be short term or long term in nature. In a perfect world the banks themselves want to pay us consumers low short term rates and lend these funds out on a long term basis at higher rates - just common sense.

How does your firm have input into what rates you will be charged for revolving facilities, asset monetization’s, or term loans. It's simply all about credit quality. So being credit worth as it pertains to being profitable, having a historical borrowing record, and having solid financials, or being in business a long time counts.

Thousands of firms borrow outside of the banking system for business needs. Here solutions for working capital and asset monetization abound - they include:


A/R financing

Securitization

Inventory Finance

Franchise Financing

Asset based non bank lines of credit

Tax Credit Monetization

Mezzanine financing

Equipment financing and Sale Leasebacks

ETC!

In non bank financing rates are higher typically because more risk is taken on by the finance firm, and transactions are more structured in nature. That might include deposits, outside collateral, warrant plays, etc.

Your business in fact does have an input into rates - first of all simply because Canadian business financing is competitive, and your ability to demonstrate growth, prospects, good mgmt, and assets will turn the odds of better borrowing rates in your favor.

If you're focused on the truth in bank business loan and borrowing rates in Canada seek, including options for commercial loans seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help you map the road to lowest cost/maximum benefit.







Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Business 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

Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Commercial Business Loans : Evaluating The Need For Your Type Of Bank Credit Facility In Canada

It’s A Mystery Within An Enigma – The Business Credit Line For Canadian Businesses

OVERVIEW – Information on accessing a bank credit facility in Canada. Alternatives to bank and commercial business loans are discussed with a focus on the specific need and type of business






The need for a bank credit facility in Canada in Canada arises primarily out of the fact that business, unfortunately, never goes in a straight line. Commercial business loans and revolving credit facilities satisfy that challenge, but which type (What there are choices? - Yes there are! ) of working capital facility works for your firm? Let's dig in.


Business, as we said, doesn't go in a straight line for a couple reasons - seasonality in some industries, bulges of cash flow needs, and the need to finance current asset accounts such as A/R and inventory.

The business credit line is typically an asset monetization, but it can also be a term loan, cash flow loan, mezzanine facility, etc.

Whether your firm is coming out of start up mode, or if its in full fledged growth mode there is always a need for financing - buying inventory, honoring your fixed payment obligations, and satisfying growth challenges .

For a bank credit facility in Canada several key requirements must fall into place. Key among these is the ability to demonstrate your business is ' cash flow positive ‘. Canadian banks take this one step further, they look at historical cash flow, present needs, and future needs. The true beauty of the approved credit line is your company's ability to constantly borrow and repay that line - hence the term ' revolving'.

Huge mistakes are sometimes made when business owners use short term credit facilities, i.e. working capital borrowing to address the need for long term financing - typically equipment, fixed assets, leaseholds, real estate. The bottom line is that that is simply a mistake and can lease to disastrous consequences.

No secret that our Canadian banks prefer larger transactions - they come with covenants and tough approval criteria, but the benefits - liquidity, low costs, growth facilitation, and removing the need for more equity are, simply benefits rarely equaled with other types of financing, many of which are more costly.

Smaller businesses and start ups face a more extensive challenge. Requirements for the business, and owners, include good personal credit histories, no CRA issues, the ability to demonstrate business and personal assets, and quite often a business plan or cash flow forecast.

As we explain it to our clients its often the rising to the challenge of separating your business life from your personal financial life When things go awry damage can easily be done to the owners personal credit scores, making it difficult to borrow both from your business or your personal needs - i.e. mortgages, etc.

Did you know there’s a strong alternative to the bank credit facility? It's the non bank Asset based line of credit. Offered by private commercial finance firms it’s a facility that monetizes A/R, inventory, and equipment into one working capital borrowing facility. Depending on the size and overall profile of the borrower it can be equal in pricing to banks, but more often than not is more expensive.

Remember also that various subsets of asset based lending provide the same type of cash flow solutions for business - they include:

A/R Financing (We recommend CONFIDENTIAL RECEIVABLE FINANCE)
Inventory financing
SR&ED Tax credit monetization
PO Financing
Working Capital cash flow loans


If you need assistance with evaluating the type and need for a bank credit facility and are looking to remove the mystery and enigma in Canadian business financing seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with commercial business loans tailored to your needs.





Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Business Credit Line 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

Franchising Loans In Canada : Do You Know How To Get A Bank Franchise Loan ?

Made In Canada Franchising Finance Solutions

OVERVIEW – Information on how franchisees can access franchising loans in Canada . The bank franchise loan is one method in which to complete a successful financing



Franchising loans in Canada , like most other types of business financing in the Canadian business financing marketplace are often associated with our Canadian chartered banks . So how then does the potential franchisee successfully complete a bank franchise loan , if in fact that is possible? Let's dig in.

Our banks are recognizing more and more the contribution made by the franchise industry - in fact top experts tell us that a huge portion of the Canadian economy runs through the franchise business model . So how in fact do banks participate in financing franchisees . Some of the ways will surprise most applicants.

In the case of certain large well known , let us call them ' branded ' names ( we're quire sure every franchisor feels they are a brand !) there are in fact ' programs' in place that can help the franchisor and the applicant in effect ' fast track' a successful financing. We're quick to point out that in pretty well all cases these ' programs' in no way guarantee a proper and successful financing, they simply can expedite it . The bottom line, normal bank credit criteria applies .

That bank criteria is of course known by hopefully all - positive personal credit scores, tangible net worth, homeowners - hopefully , and assets and savings outside of the balance being pledged in a franchise loan.
In many cases the bankers are aligned with lawyers and accountants who can help you finalize the entire process.

The ' ammunition' required to complete a successful bank financing if you're part of a successful franchisors program (i.e. one that is aligned with the banks ) is pretty basic - business plan, personal net worth, cash flow projections, CV . The bottom line is that an approved bank program will greatly simplify your financing journey .

As we have mentioned, only a small portion of franchisors in Canada are in fact aligned with a bank program . That leaves a lot of applicants spending a lot of time and money sourcing bank loans that ultimately aren't appropriate for the borrower. Is there ea solution to that?

We point out also that when sourcing a franchising opportunity strong consideration can be given to purchasing an existing franchise . This process eliminates a lot of the time it takes to complete a franchise loan, has an element of built in success given the franchisee's ability to investigate current profits and chance of busines growth .

When a formal bank program isn't a part of the franchise opportunity you are looking at the Canadian banks can still play a strong role . They do that through what is commonly known the ' SBL ' loan via Industry Canada . It's a government 'guaranteed' loan that over time has come to finance thousands of franchisees in Canada. We're quite sure that wasn’t the original intention, as the program was originally modeled after the U.S. counterpart - the SBA program .

The benefits of an SBL , as they relate to franchising, are sign cant . They include :

Competitive rates
No prepayment penalty
Long amortizations
Limited personal guarantees!

Canadian business owners and entrepreneurs, rightly or wrongly, gravitate to the ' bank' when it comes to financing of any type . It's important to know you a franchisee can access some form of bank financing to reach the finance challenges that the financing of any business can present .

In many cases the right financing advice will also lead you to other forms of external financing including : specialized franchise finance , equipment financing, working capital finance, and cash flow financing – All can make up a component of a total financing package.

For the right type of franchising loans in Canada 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 franchise finance success.



Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :

7 Park Avenue Financial = Canadian franchise 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

Account Receivable Finance In Canada: Properly Exploring The Hidden Value Of Factoring Receivables

7 Key Issues To Consider In A/R Financing In Canada

OVERVIEW – Information on factoring receivables in Canada. Utilizing Account Receivable Finance requires specialized information on seeking the right type of a/r financing that works for your business





Account receivable finance is actively sought by thousands of Canadian business owners and financial managers. The A/R component, next to cash on hand itself, is the most liquid asset you have on your balance sheet.
What issues are key to understanding the true value of ‘factoring receivables’? There are several, so let’s dig in.

Prior to addressing so those issues its prudent to make sure we are also singing from the same hymn book as to what exactly A/R financing is . Essentially it's a direct competitor to bank financing, which also of course offers business lines of credit secured by receivables.

Banks collateralize your A/R and allow you to borrow against it, commercial finance companies offering 'factoring' solutions create paperwork that allows you to transfer ownership of receivables as you generate sales. The benefit to your firm is instant cash at all times.

Why then is account receivable finance a common choice for business owners? Simply because it's an ongoing source of funds without many of the constraints and approval criteria imposed by our Canadian chartered banks.

One of the best analogies in understanding why a business employs factoring receivables is to analogize it to a retail who offers credit card payment. Instead of waiting 30 days or more for payment and instead of limiting how much he can sell the credit card firm pays the retailer the same day.

Pricing of factoring services in Canada is considered more expensive than bank financing but the trade off is the cash flow that is no longer limited to waiting for large clients or government accounts , etc to pay your firm.

So let’s cover off 7 key issues that you must weigh, consider and discuss when selecting the right A/R Finance solution.

First of all owners need to understand that you are still responsible for any bad debt, as you would be in a bank financing scenario. But you should no also that non recourse financing and credit insurance can be implemented to offset the bad debt issue.

Issue # 2- your overall customer base will be a key factor in the pricing and risk attributed to your factoring transaction. 99.99% of the time all North American receivables can be financed. On occasion the issue of ' concentration ' i.e. having just a couple of major clients might become a discussion issue.

Issue 3 - Your historical ability to collect your A/R and the invoice size are always considered. Typically the best pricing for factoring A/R is for facilities in excess of 250k, but bottom line any size of A/R portfolio can be considered for financing

Issue 5 - there are numerous A/R financing firms in Canada, all of them have different focuses as to size of transaction, types of industries they prefer to finance, and even where they themselves are located as to where your business is located.

Issue 6 - Numerous specialty areas are often the most fertile ground for A/R finance firms - they include transportation, trucking, personnel firms, etc. But the bottom line is that any commercial receivable can in fact be financed.

Our final point, issue # 7 is our recommendation to consider CONFIDENTIAL RECEIVABLE FINANCING. Unlike most receivable finance services it allows you to bill and collect your own A/R without notice to any other client, supplier, etc. It's as close to bank financing as you'll get.

If you're interested in ensuring you have covered off all the issues in considering Receivable Finance seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Account Receivable 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

Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '



























Stan Prokop

Canadian Government Small Business Loans : The SBL Eliminates Nightmares Around Successful Financing

Crisis Averted ! Financing Via The SBL Government Business Loan In Canada

OVERVIEW – Information on Canadian government small business loans in Canada . Commonly known as the ‘ SBL ‘ this type of financing has numerous benefits not available to all businesses. Here’s why and how










The ' SBL’ is the common name for Canadian government small business loans
. It's a solid way to start or grow a business, and in its case small is relative, as the revenue cap on the program is 5 Million dollars in projected or actual revenue.

In our experience with our clients the loan is best suited for start ups, acquisition of a franchise, or adding equipment and leaseholds to an existing business.

There are numerous misconceptions around the program, one of which is that the loan is in the form of cash or working capital financing. Bottom line, not the case!

Can an SBL loan avert a financing crisis for the owner/entrepreneur? Quite often if can as it’s a substitute for traditional bank financing which comes with a higher level of criteria for approval.

While business owners think of our Canadian chartered banks as still the lowest cost and trustworthy type of financing it is comforting to know that it is the banks themselves that administer the program for industry Canada. That’s the department that administers and manages the program.

In fact the ' bank' is in fact the ONLY place to get an SBL loan.

We find it somewhat ironic that often the biggest challenge in getting Canadian government small business loans is the challenge of finding a banker that understands and fast track the program. As the majority of bank lending in Canada, if not all, has moved to major commercial centers or the head offices of the banks themselves its difficult to find a banker that is ' on board ' with getting your financing approved under the program. In this case consider seeking out an expert advisor in this area that has a track record under the program.

Successful loans under the program happen when you can articulate a thought out need for the financing, and demonstrating you will have the cash flow to make payments.

The loan cap for the program is 350k, and amortizations are typically 3-7 years. Two quite incredible features of the program are the limited personal guarantee, as well as pre payment without penalty. Why is that incredible... simply because even larger corporations can't escape those terms and conditions when financing assets.

If we had to summarize for our clients the entire process it would come down to:

Ensuring you understand program criteria

Preparing back up documentation

Presenting the request in a positive manner, outlining management experience and company potential - Here a business plan and cash flow projection is required

A financing crisis can often be averted via a successful SBL loan financing. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with you loan needs in this program.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :



7 Park Avenue Financial = Canadian Government Small Business Loans Expertise









Stan Prokop









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