Business Capital Sources In Canada : Making Sense Of Loans & Financing Needs

Business Financing – A Casual Explanation !

OVERVIEW – Information on business capital sources in Canada. Financing companies requires a solid knowledge of what type of loans you require for certain aspects of your business

Business capital sources often require just a strong dose of common sense when it comes to choosing the right type of financing / loans suitable for your needs. We're offering up... you guessed it... a casual explanation of Canadian business finance alternatives. Let's dig in.

It's easy to see why some business owners/financial mgrs/entrepreneurs feel significantly challenged in their funding and capital needs. One reason? They think they are looking for the ' silver bullet ' in financial solutions. But the good news is that taking logical steps in identifying your finance needs will provide you with a strong sense the path you need to follow.

The common sense approach to loans and finance solutions is just that - ensuring you understand your current financial position, evaluating financial alternatives and ensuring you know who the financial sources are that deliver on financial needs .

While in many cases that might involve a Canadian chartered bank the current business loan landscape suggests numerous other alternatives are being offered by numerous non bank lenders - the world of ' alternative finance '. Certain industries lend themselves more to certain types of financing - so understanding what other competitors are using for financial solutions is helpful ; in this case a knowledgeable business advisor can be of great assistance. Suffice to say that information and knowledge in this area carries a certain level of confidentiality and discretion.

Your company's balance sheet will often reveal the current financial position of your company - knowing the amount of funds you need and what they will be used for is the next step after that.

A lot of ' clarification ' can be derived from simply understanding the stage your business is in, as certain financial solutions are more applicable than others depending on whether you're a start up, early stage, or 'middle market' and growing. Whether owners like it or not earlier stage firms will often require support and guarantees from owners, along with the need to identify the right mix of debt and owner capital.

What financial solutions are in fact available to your firm? They might include:

A/R financing

Inventory Loans

Equipment Finance Solutions

Bank credit lines/term loans

Non Bank asset based revolving credit lines

SR&ED Tax credit financing

Commercial mortgages

Cash flow/mezzanine financing

Knowing what info you might need to make a strong financing case is key. Typical information might include a business plan (not always but helpful, a cash flow forecast, and historical and interim financials.

That's our fairly ' casual ' explanation of business financing needs/alternatives. If you're looking to make sense of the commercial loans landscape seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist your with funding 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 - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com

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

Business Financing & Commercial Loans Canada : Is Growth Finance Your Rise Or Fall?

Did Ben Franklin Have It Right On Canadian Business Financing ?

OVERVIEW – Information on growth finance options in Canada. Business financing and commercial loan options in Canada

Business financing in Canada just may have been on our friend Ben Franklin’s mind we have wondered. He said ‘Drive thy business or it will drive thee ‘. So when it comes to growth finance or commercial loans that make sense for your particular company needs do you as owner/ mgr/entrepreneur feel like you're in fact ' driving the bus'? Let's dig in.

Business veterans know that in the economy, or even in certain industries there are times of boom and bust. The conundrum is often quite clear - we keep hearing about all that excess capital around, waiting to be accessed, if only we knew how to break through those hurdles of access!

Naturally every owner/mgr wants to achieve the best terms possible when it comes to a commercial loan or asset monetization facility. The actual list of funding alternatives might in fact be longer than you think. One of the reasons for that is the emergence of numerous financial alternatives to traditional bank financing that in previous times it was pretty well the only ' go to '. A somewhat succinct list of key finance alternatives for your company might be as follows.

A/R Financing/factoring/Confidential Receivable Finance

Inventory Loans

Non Bank Asset Based Revolving Lines Of Credit

Tax Credit Financing

Equipment Financing/Sale Leasebacks

PO Financing/ Contract Finance

Unsecured Cash Flow Loans/ Mezzanine Finance

Royalty Finance





Do any of these solutions sound like they can solve your firm’s financial challenges in the commercial loan area? If there's one secret to business financing access it's the fact that the boy scouts seem to have gotten it right. BE PREPARED!

Entrepreneurs /mgrs that we often meet are simply not aware of bank lending criteria - they just don't get why commercial bank solutions are not available for their needs. (By the way - the banks criteria isn't all that difficult to comprehend - it includes years in business, strong cash flows, a clean balance sheet, profits, and outside collateral)

Your goal might be to simply fund daily operating needs, or in some cases fuel new growth potential. In other cases the road to ' organic growth' might be complemented by an acquisition of a competitor.

While new ' equity ' capital is in fact a real option Canadian businesses requiring SME COMMERCIAL FINANCE needs must realize that the road to ' going public' is paved with many broken dreams - as only the smallest portion of firms are eligible for the type of criteria mandated by those VC folks.

If you're looking to ensure that external financing can contribute to the

rise of your business, (not the fall!) seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your growth finance 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 - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com

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

Asset Based Lending In Canada: Constructing The Right Business Loans Via Commercial Finance Companies

5 Things You Didn’t Know About Asset Based Lending in Canada

OVERVIEW – Information on asset based lending in Canada. Business loans from commercial finance companies are a solid potential substitute for bank operating loans – Here is how and why

Asset based lending in Canada – We’re discussing 5 things you didn’t know about ‘ABL Financing ‘in Canada. Let's dig in.



1. What is Asset Based Lending?

2. What does it Cost

3. How does it Work

4. For what type of firm is it perfect for

5. How to get such financing!

Asset based lending and financing for your business is simply the utilization of your business assets for maximum business financing based on your business needs. Business owners and financial managers should understand that this is a replacement or specific financing as an alternative to either traditional financing ( via a Canadian chartered bank ) or to firm who are unable to get financing that might otherwise be called traditional .

Firms in that category might include start up operations, or firms that have had business challenges. ABL financing is the utilization of your current, and in some cases your long term business assets for the leveraging and monetization of working capital and cash flow. The current assets are almost always accounts receivable and inventory, and longer term assets in some cases might include equipment or real estate that your firm may own – example an owner occupied premises.

All assets must be unencumbered, that is to say that they should not have any liens or registrations against them, otherwise it would be difficult, if not impossible, to structured an asset based loan. Typically the asset based lender pays out any existing creditors and takes a charge against the assets being financed.

Does asset based financing differ in cost to traditional financing. We have to use your lawyer’s typical answer (it depends) but the reality is that in Canada the costs of asset based lending are all over the map. In some cases they are actually lower than chartered bank financing; in most cases they are more costly. When we indicated to clients that a financing of this type is more costly we point to clients that they have to balance any additional costs against what they are receiving. And what they are receiving quite often is simply the maximum working capital they need based on their asset and growth needs .That can rarely be achieved these days in the current challenging economic crunch .

So how does ABL financing work. A few simple key points will help you better understand how this type of financing might work for your firm on a day to day basis, and, as importantly, for long term growth. They ‘key word’ here is ‘Asset’! ABL financing focuses on the real true market value of your assets. Many other traditional types of financing, i.e. a bank line of operating credit, etc, is in fact focused on many other metrics such as the lenders perception of what industry you are in, and typical financial ratios and metrics such as cash flow coverage analysis, debt to worth ratios, etc,etc,etc!

Asset based lending puts those items aside. Using specialized industry experience, analysis, and in some cases appraisal of your assets you are provided with the maximum amount of capital those asset categories can achieve. So, as an example if you have 500,000.00 in account receivable you can borrow $500,000.00. That typically is not how traditional financing works. We often point out quite frankly that asset based lending is in fact becoming a traditional financing method for Canadian business of all size.

So who is this type of financing for? The answer becomes very simple. It is for industries of all types in Canada – Typical transaction on the small side are $250,000.00 and deal sizes are in the multi millions when it comes to large facilities. In some cases sky is the limit and some of Canada’s largest corporations have adopted this financing method. Asset based lender are specialist in understanding what your business is about, what are its cash needs and cyclicality, and what type of optimal structure works for your firm .

How does your firm investigate asset based lending on the Canadian business scene? Since the financing is rarely front page mainstream news then it is highly recommended that you work with a trusted, credible and experienced Canadian business Financing Advisor with a track record of success. The Canadian landscape is cluttered with small firms, mega corporations out of the U.S., as well as boutique divisions of other well known institutions you know of but were not aware this type of financing was being offered to Canadian business.

So what’s out bottom line – its simply be informed, work with an expert, understand your cash needs on an immediate and long term basis, and consider structuring such a facility for your growth and benefit .



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 - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com

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

Funding Businesses In Canada : The Right Business Financing & Loans For Your Company

The Problems With Business Financing : Will You Secure Yours?

OVERVIEW – Information on funding businesses in Canada. Business financing requirements differ both in size and type of traditional and alternative finance loans and asset monetization solutions and strategies

Funding businesses in Canada often revolves around one question - what is the ' right ' business financing for your company and what loans and other solutions make the most sense and are most applicable. Once you've found that potential financing solution one other question looms - Can you secure that financing! Let's dig in.

Having the right type of financing in places allows owners/mgrs/entrepreneurs to focus on what always seems to be one of their main goals - growing sales revenues.

The ability to fund your company and accelerate what is known as the ' cash conversion cycle ' allows you to control the amount of funding you need. If you can limit the amount of capital your business requires or consumes that obviously allows you to not have to consider outside equity, and in most cases simply control your borrowing costs and amounts. That's a good thing.

What then are the key financial borrowing resources you can rely on to fund your business - The main ones include:

A/R Financing

Inventory loans

Chartered bank revolving lines of credit/ term loans

Equipment Financing/ Sale leasebacks

Commercial mortgages

Royalty Financing

PO/Contract Financing

Mezzanine Finance/ Unsecured Cash flow loans

Non bank asset based credit lines

The one category that always deserves and gets a lot of attention in your business is the whole working capital conundrum. The ability to manage, and finance your key most ' liquid ' resources (cash, inventory/receivables) makes or breaks a business.

While the typical ' go to ' is the bank thousands of businesses find they don't qualify for the credit quality that banks demand. That's when alternative financing sources must be considered. If you can't fund your daily operating needs all the way through to collecting customer invoices a cash flow crisis of some sorts looms. Even managing payables with a total focus on maintaining vendor relationships while delaying cash outflows to the extent you can becomes a major win or lose scenario for business owners/mgrs.

The reality is that every business and every industry requires some form of internal or external financing. Companies that are larger and fast growing differ in needs from startups or companies just starting to get revenue traction. In some cases once in a lifetime opportunities to either secure a new contract or even acquire a competitor present themselves.

If you're focused on the ' right ' solution for financing your company and the goal is to secure that 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 in your needs.





Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com

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

Business Cash Flow Loans In Canada : Smart Money Operating Financing Solutions!

Finding Business Financing Solutions Slow & Painful? Listen Up!

OVERVIEW – Information on operating financing needs and solutions for Canadian companies. Business cash flow loans and alternatives are key to long term success

Operating financing for Canadian businesses often plays ' hard to get ‘! So when it comes to business cash flow loans how to owners, mgrs and entrepreneurs beat that ' slow and painful' feeling? Let's dig in.

No one seems to dispute the need for cash flow as being absolutely vital for health of a business. We're the first to admit that great sales and great profits (paper profits?) are great and desirable, but the lack of working capital or access to future capital is also key to your long term business future.

Top experts tell us that a solid majority of businesses in Canada say it's tough to access cash flow solutions and capital. They also say it's tougher to collect money from their customers more and more!

In the short (not the long run) it's perfectly possible for your company to survive as you hit hard cash flow bumps in the road, often called ' bulge needs '. That's partly because the owner/mgr is still relatively in control - he or she can juggle payables, adjust non fixed cost, etc. However, it’s that long run you lose a lot of control and financing options available as conditions deteriorate or start to look permanent.

Another great irony of business is also the fact that even if your business is profitable it can run out of cash.

The whole concept of cash ' coming in' and being controllable seems relatively simple. At the heart of the matter is the simple premise that you're taking in more cash on a regular basis than you're spending. That whole concept is essentially the 'liquidity' in your business, sometimes becoming ' lack thereof'!

Few businesses that are new, emerging, or in the SME COMMERCIAL area in general have a problem with too much cash these days. In fact their issues revolve around accessing credit. It's that access to credit and liquidity that in fact allows you to continue to increase sales.

The hard reality of business financing in Canada today is that borrowing also becomes more expensive when your company no longer has access to bank credit, so it's at this time that finding the ' right ' solution to your business is key.

Part of the solution to the Canadian business finance conundrum is knowing how much you need to borrow, and whether that comes in the form of taking on more debt, or perhaps the better solution of monetizing existing assets. Simple cash flow planning and forecasting can help you identify the right solution for your business. That ' what if' becomes more important than ever.

And those solutions to operating financing nirvana? They include:

A/R Financing/Factoring/Confidential Receivable Financing

Inventory loans

SR&ED Tax credit monetization/PO and Contract Financing

PO Finance

Sale Leasebacks

Unsecured cash flow loans

Non bank asset based lines of credit


It's also safe to say that if your business is profitable and you are managing assets properly you will be generating a little more cash all the time. That then limits the need to over borrow. If profits aren't currently in your picture you of course need a solid turnaround plan.

Want to eliminate that often ' slow and painful ' journey into business finance alternatives? Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help you on the ' smart money ' path.




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 - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com


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

Business Finance Needs? Perfecting Your Working Capital & Cash Flow Financing Requirements

Looking For A Backup Plan In Business Finance?

OVERVIEW – Information on business finance solutions in Canada . Working capital and cash flow financing needs will almost always require a backup plan in order to perfect the financing you need to grow your business. Here is why and what solutions are available

Business finance solutions for your company often require a ' backup plan'. Why? Simply because when it comes to working capital and cash flow financing needs there is almost never enough. How then does the owner/mgr/entrepreneur perfect those requirements? Let's dig in.

Similar to consumer debt it should be no secret that there’s good 'debt' and ' bad ' debt. In your company there is only so much equity in the business, and in many cases it's either impractical or impossible to acquire more debt given that the financing interest can't be supported. That's the whole concept of successfully understanding ' leverage ' - i.e. knowing how much borrowing your company can take on... before failing.

The good news about the ' right' financing solutions for your business is that they allow you to grow sales and profits outside of your current capital base. It's safe to say that companies that can both grow, and control their growth are the perfect target for all sorts of business finance solutions that make sense.

What are some of those financial solutions? They include:

A/R Financing
Inventory Loans
Bank revolving credit facilities
Non bank asset based lines of credit
PO Financing
Royalty finance
Unsecured cash flow loans
Equipment Financing/sale leasebacks
Commercial mortgages

Many different companies require financing that's most suited to their industry. Capital intensive firms that require large amounts of asset financing are different than service companies who have a small or no asset base.

That whole issue of debt versus equity is also a key part of the whole business banking equation in Canada. Companies that can't meet the typical debt to equity ratios that banks insist on are forced to consider alternative forms of financing - the good news being that those are more abundant and creative every day.

While our Canadian banks are reluctant to let your debt to equity ratios go the wrong way alternative lenders focus on assets and asset monetization. A good example? That would be the Asset based line of credit, commonly called ' ABL’ in the industry. That credit facility takes your inventory, receivables, as well as fixed assets and combines those three asset categories together into one ' borrowing base ‘, based on their real values . Almost 99% of the time this type of facility can easily double your current bank credit lines, or provide full cash flow financing when you have no operating loan .

Does your business have a backup plan and clear line of sight

on business finance and working capital and cash flow financing solutions? If not consider seeking out and speaking to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can help you perfect those arrangements.




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 - Completed in excess of 100 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 & Contact Details :
http://www.7parkavenuefinancial.com

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