Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
WELCOME !
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.
Monday, May 25, 2015
Equipment Finance Leasing In Canada : Exploring The Real Benefits of Lease Financing
Does Lease Financing In Canada Really Work ? You Decide
OVERVIEW – Information on equipment finance solutions in Canada . Lease financing is touted as a popular way to acquire assets . Here’s how and why leasing an asset works.
Equipment Finance for asset acquisition in Canada is one of the most touted business finance strategies. Leasing assets via lease financing has numerous benefits and considerations that many business owners/financial managers never really truly consider. Let's dig in.
The ability to both run and grow a business often depends on the assets you need to acquire, or upgrade. Certain specific considerations must be made when entering into proper lease financing strategies - it's at that time that the owner/manager can truly achieve business economics that makes sense and provide a competitive advantage.
Almost every business in Canada, bit or small, new or established, uses assets to generate sales and profits. The decision points that revolve around the asset acquisition strategies you employ typically revolve around how your balance sheet looks, as well as your overall cash flow situation and the ability to get approved given you have other forms of operating or term debt .
Few businesses exist that don't utilize equipment finance - whether it comes down to corporate jets, shop floor equipment, lab equipt, technology... well you get the drift!
It's actually fairly easy to come up with at least 8 ' solid ' reasons to consider leasing your assets. While it would be rare for all these benefits to pertain to your firm we're quite sure many do. They include:
The ability to acquire assets with little or no down payment
Your firms ability to conserve valuable cash flow
The ability to manage the tech risk that comes with certain assets that evolve or need constant upgrading - (think computers/software, etc)
Utilizing lease finance as an inflation hedge
The ability to realize the economic benefits of assets without a 100% outlay in cash re having to purchase an asset
Managing the tech curve given constantly changing times
Balance sheet and income statement considerations
Using operating leases as a way to manage changes in tech in your assets
Many business owners or managers might feel their company or organization isn’t a user of equipment finance strategies. The reality? Whether you're a start up, Financial Post 100 firm, or a govt organization or non profit it's safe to say leasing assets is used in your sector.
What does the owner/manager need to do to asses a proper asset finance strategy? Typical considerations include:
Knowing how lease finance fits into your overall financial plan
Understanding how you will use the asset and for what period of time (leases typically are a minimum of 5 and a maximum of 7 years in term length)
Understanding whether you want to either own, or use an asset - Respectively capital lease and operating lease options need to be considered
If you're looking to truly succeed in asset acquisition a proper equipment finance strategy will help you reach that goal: 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 lease financing strategies that make sense.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN EQUIPMENT FINANCE EXPERTISE
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Sred Tax Credit Financing And Factoring : The Quick Way To Address The Wait In Your SR ED Credits Claim n Canada
Breaking Into The Holy Grail Of SR&ED - Cash !
OVERVIEW – Information on Sred tax credit financing in CANADA . Factoring SR&ED / SR ED credits is a common method to achieve the full cash flow benefits of Canada’s refundable r&d program credits
Sred tax credit financing is simply the quick way to end the wait for your SR&ED refund. The finance and factoring of sr ed credits allows the business access into the ' holy grail ' of Canada's ' Scientific Research and Experimental Development' program - aka ' SHRED'. Let's dig in.
By both improving their products and processes the refundable credit R&D program allows firms such as yours to stay competitive. That reason, coupled with the govt's willingness to assist in the financing of that R&D capital investment you make clearly makes this program a winner for the thousands of firms that routinely recoup billions of dollars annually.
While your company, your Sred consultant, and your accountant are responsible for preparing and submitting and filing your claim the fourth leg on that stool is your ability to finance that claim. Notwithstanding the Canadian gov'ts stated commitment to process claims quickly the bottom line is that a considerable waiting period can occur before your claim is received, processed, potentially audited, and finally .. refunded!
That interim period is often the most difficult one for many firms, many of which are start up or early stage and require cash flow sources they might otherwise not qualify for. Many earlier stage firms rely on this loan as the most important aspect of their annual cash flow planning. Enter financing and factoring of your SR ED credits!
The question clients always us is of course ‘How much can we get? ‘as it pertains to their SRED tax credit filing. There's a two pronged simple answer there. The total amount of your actual SR ED refund is determined by yourself in conjunction with your ' SHRED ' consultant and your accountant.
The actual financing of your claim delivers a total cash flow benefit of typically 70% of that total claim. For example a 200k claim typically qualifies you for a SR&ED bridge loan of 140k. By the way , you can finance, at your choice, last years claim, this years filing, or even next years claim as you embark on further r&d. Typical claims deliver a refund approximating 30-40% of your total r and d spend. The folks known as ' SRED Consultants' add credibility to your claim via their expertise, as well as their ability to maximize the full amount you are eligible to receive back.
Processing your claim in a timely manner, and then taking advantage of the ability to finance your claim delivers cash flow your company can use for any general corporate purpose, many times being simply... more r&d.
The additional benefit of 'factoring' (aka ' selling ') your SR&ED credit is that these loans are structured as ' bridge loans' with no payments made. The loan is collapsed when you receive your refund, at which time financing costs are calculated and deducted.
If you're looking for the holy grail of SR ED, i.e. your cash !... 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 your SRED Tax Credit Financing needs.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN SR&ED TAX CREDIT FINANCING/FACTORING EXPERTISE
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Friday, May 22, 2015
Turnaround Financing Real Thing Solutions : Restructuring Finance And Workouts
Opening the Vault of Turnaround Finance Solutions To Avoid A Business Doomsday
OVERVIEW – Information on turnaround financing solutions in Canada. Successful workouts require restructuring finance expertise in several key areas of your company
Turnaround Financing in Canada is required when your current financial obligations with banks or other lenders are deemed ' non performing'. The right kind of restructuring finance in workouts such as this can return your company to financial health. Let's dig in.
Companies who are in some form of financial distress clearly must be able to demonstrate a willingness to turn their financial situation around. In the majority of cases it's all about ' assets' and ' asset quality'. These need to be refinanced in a manner that removes financial distress in the business without typically resorting to additional owner equity which is difficult to achieve at these times.
Sometimes your situation might be company specific, othertimes it's systemic to your entire industry at certain points in the business/economic cycle.
Effective financing is a key part of any workout scenario. Although it's often far from being the only challenge it's certainly a key one. The focus will always be on cash flow and the balance sheet. At the same time though a lot of time will be spent on cost cutting, relationships with suppliers, etc.
What then are the financing mechanisms that are a part of restructuring finance? Because Canadian chartered bank solutions are often rare for SME Commercial workouts many forms of alternative or quasi traditional financing are the only solution. These include:
Receivables financing
ABL Solutions - Asset based business credit lines that combine A/R, inventory and equipment into one borrowing solution
Equipment Financing / Sale Leasebacks
Cash Flow Loans - secured/unsecured
Tax Credit Bridge Loans
Typical financing rates and costs for the above solutions are almost always higher than bank financing. It's very important to note that these solutions we have noted, while effective, typically are a bridge back to traditional financing and the ability to fully recover. The goal of every business owner in workouts and distress scenarios is to retain operating control without having to give up the business to lenders or another party.
Any assistance your receive during restructuring will typically always be focused on the concept that the business can be saved and it's ability to get back to profits and cash flow positive scenarios. The ability to maintain relationships with lenders and trade creditors is key. In many cases your new business plan is shared with suppliers and creditors to maintain credibility.
If you're looking to open the vault of doomsday financing solutions 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 access to business credit solutions as part of the restructuring finance process.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS TURNAROUND FINANCING EXPERTISE
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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Thursday, May 21, 2015
A Working Capital Blast Off Strategy : Cash Flow Finance 101 For SME Companies In Canada
Why Growth Sucks .. The Cash Out Of Your Business And Here’s The Fix !
OVERVIEW – Information on the financing and working capital needs for Canadian business . A true cash flow finance strategy requires information about your growth and operating plans and is often unique to your industry and business
Working capital shortages, seeming either permanent, or temporary, quickly have business owners in the SME (small to medium enterprise) commercial sector realizing one thing... Growth sucks... the cash flow out of your business. So the question quickly becomes: What is the right cash flow finance strategy for your company? Let's dig in.
One top expert in the cash flow field surely put it right: Cash flow shortages are the ‘first law of entrepreneurial gravity '! Part of that conundrum is the fact that achieving growth through a focus on mostly higher sales ( and hopefully profits ) often has the business running short of working capital given that new assets often need to be purchased or replaced, and the fact that the build up in receivables and inventory add to the cash flow exit .
In many cases relationships with suppliers can be strained during this period as it's a vicious circle of business with each participant in the supplier / customer relationship each trying to maximize their own cash and profit position.
While your financial statements will ' always' tell the tale it’s a hard fact of business that many owners/managers don't necessarily know how to interpret this data. Complicating the problem is that financials reflect what just happened, not what is going to happen! The three basic parts of the cash flow part of your financials will clearly identify your actual operating cash, what money came into the company via any equity, and what went out via borrowing. (By the way, the solution to that is basic effective cash flow forecast planning)
With respect to cash flow planning it quickly becomes obvious to business owners that when done properly they have a new roadmap to removing the stress out of running out of cash, as well as being able to maximize opportunities for growth in sales and profits.
How then does the owner achieve that ' blast off ' strategy we referred to. The essence of your solution is around monetizing assets you already have and /or accessing the right types of debt that match your credit profile and your needs. In the SME COMMERCIAL FINANCE sector these solutions include:
A/R Financing
Inventory Finance
Bank credit facilities
Non bank asset based business credit lines
Financing your refundable Tax Credits (Sr&Ed)
Equipment Leasing/Sale lease backs
Sales / Royalty financing
Working capital term loans
These solutions are both traditional and alternative in nature .Every choice you make in a cash flow finance strategy will affect your business in terms of financing costs and access to new working capital, permanent or operating.
If you're looking for the solutions to the fact that ' growth sucks ... the cash flow out of your business ' 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 a cash flow strategy that makes sense for your business and industry.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN WORKING CAPITAL AND CASH FLOW FINANCE EXPERTISE
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Wednesday, May 20, 2015
Growth Financing For Business Expansion: A Better Funding Blueprint
Avoiding Wrong Choices In Growth Goal Financing In Canada
OVERVIEW – Information on growth financing and funding in Canada. Business expansion requires a careful blueprint for business survival and success
Growth financing for Canadian businesses in the SME (small to medium enterprise) sector has the chance to go awry sometimes. Funding for your business expansion requires a ' blueprint ' that allows you to meet your goals. Let's dig in.
Many top experts tell us that we're in ' boom times' when it comes to current economy status, low interest rates, strong equity markets, etc. Not everyone agrees we're in boom times, but if that's the case then how then does the business owner/financial manager address their ability to meet their growth goals?
One way to think about this in a manner that large corporations do is to utilize the concept of ' zero -based growth'. It's essentially all about using your existing assets to find achievable ' low cost' growth options. That, coupled with utilizing financing that makes sense is a winning strategy. Essentially it's all about maximizing your assets and getting maximum impact from any type of financing you can achieve.
Not all businesses can access the cash they need to grow, and while most agree that Canadian chartered banks provide the lowest cost of capital business borrowing for the SME sector certainly has its success limitations. If you're unable to increase your sales via existing borrowing that's a whole other challenge.
Many business owners/managers feel they have to borrow for assets to increase production. Utilizing borrowing solutions such as equipment lease financing allows you to maximize production and limit cash outflows. Even used equipment can be financed these days if it has a value.
In certain cases it makes solid sense to refinance existing assets using a ' SALE LEASEBACK ' approach, allowing you to take on more production with assets you already owned.
Are their other ways to monetize assets without taking on additional debt on your balance sheet? There certainly are. They include:
A/R Financing
Inventory Finance
Monetizing SR&ED tax credits if your company utilizes this popular program
Maximizing borrowing capacity via ABL ' non bank' business lines of credit
PO/Contract financing
Sales/Royalty Finance
In many cases simply by utilizing the right type of financing and avoiding taking on major new debt can significantly improve your chances to grow your business.
It goes without saying that a well thought out business plan and realistic cash flow plan will also provide you with the blueprint for growth success you've been looking for. 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 your funding and business expansion needs.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN GROWTH FUNDING EXPERTISE
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Monday, May 18, 2015
Sred Research Tax Credit Finance : Financing R and D Credits Brings … Real Money
Problem : Waiting For Your SR&ED Refundable Tax Credit Cheque
Solution : Finance Your Shred !
OVERVIEW – Information on the benefits, and mechanics of financing r and d tax credits in Canada Monetizing the R&E Sred research tax credit completes the final stage of SHRED claims – Receiving the cash flow benefit
R and D tax credits in Canada often have business owners and financial managers feeling they are on a much longer journey than perhaps it really is. For the SRED research tax credit the end of the road is of course receiving your cheque. That combo of real/imaginary waiting can be significantly shortened by financing your SR&ED claims. Let's dig in.
SR&ED (Scientific Research & Experimental Development) credits require your claim to be accepted and adjudicated by CRA. While some view the mechanics of the claim as a form of paper ' torture ' probably closer to the truth is that thousands of claims by firms ( including your competitors ) are approved annually and Billions is refunded in the form of .. you guessed it.. real money!
We don't have the figures on firms which file every year as a part of their ongoing processes for improvement in their products but those firms that do have clearly mastered the process. SHRED claims are all about your firm investing funds in solving real and practical problems. In many case your might also contract out to other Canadian businesses a part of that R&D, and those expenses are of course also eligible under the program.
Up until you choose to finance your claim they are a couple of ' key players ' in your research tax credit process. That includes your SR&ED consultant and your accountant, who prepare and file your claim respectively. While we might consider filing the claim with your annual financial return as fairly straight forward the preparation of the claim by your Sred consultant is key to both maximizing and legitimizing your refund .
The actual financing of your claim is a very straight forward process - it's all about receiving, in the form of a bridge loan, 70% of the total amount of your combined federal/provincial refund. By the way, many claimants have already promised a portion of their claim to their SR ED consultant, as the majority of these firms work on a contingency basis -taking on the full risk and cost of preparing a claim.
It goes without saying that ' big is better ' in Sred claims, but almost all claims are financeable if they make economic sense to both the borrower and the lender in terms of cost.
The wide variety of firms that both prepare and choose to finance claims is very varied. While software firms seem like they might dominate the industry the reality is that every industry in Canada is in fact eligible to both submit, and if they choose... finance a claim.
Financing a SR&ED research tax credit can be achieve in a matter of weeks, and funds your company receives can be used for any general corporate purpose, including of course .. more R&D. The additional attraction of a SR ED loan is that there are no payments during the duration of the loan – it has a balloon payment structure coinciding with the receipt of your refund.
Financing the SRED research tax credit eliminates waiting for refund. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can facilitate accessing the ‘real money ‘in your SR&ED refund.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN SR&ED TAX CREDIT BRIDGE LOANS
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
Equipment Leasing & Financing In Canada
7 Park Avenue Financial regularly contributes to CANADIAN EQUIPMENT FINANCE MAGAZINE - Current editon includes our Cover Page article on ' Headwinds in Canadian Leasing' as well as another article on Credit/Lending. The magazine is for lenders and commercial borrowers alike
Here's a link to the article : Click below
7 PARK AVENUE FINANCIAL = CANADIAN EQUIPMENT LEASING & FINANCING
Contact 7 Park Avenue Financial for your Equipment Financing and Leasing needs
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 '