WELCOME !

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

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

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



Monday, February 15, 2016

Acquisitions Financing In Canada : Your Business Finance Loan Strategy Awaits








New , Old & Powerful Ways To Buy And Finance A Business !




OVERVIEW – Information on acquisitions financing techniques in Canada. The type of business finance loan required to successfully buy a company varies with certain situations





Business financing sometimes presents an acquisition opportunity. How does acquisitions financing work when the opportunity arises, and what loan scenarios might match your needs. We're talking about the ' buy side '. Let's dig in.

Naturally the reasons to either purchase or merge into another company vary. Some of the most typical scenarios include growing sales faster (i.e. non organically), entering new geographies for sales revenue opportunities, different client or market segments, etc.

Some key basics quickly emerge for business owners/ financial mgrs when contemplating buying and financing another firm. Those basics?
They include, but are not limited to:

Determining proper value

Understanding financial strengths and weaknesses

Knowing the optimal amount of debt/equity that will make the transaction work

Knowing where to seek financing and what type of finance alternatives exist when you're buying a business


The seller in some cases can in fact be an important ally in closing a transaction. If they have the proper personal or financial incentives their ability to help structure a ' seller financing ' component to the transaction could be key to success. In some cases that might mean adjusting the purchase price higher, but that seller involvement can well mean a better chance of a more successful transition.

While the proverbial ' friends and family ' financing is certainly one alternative that has been used in the past most top experts will also warn against that scenario ; as well pledging personal assets is also high on the not desirable list!

Since receivables and growth in A/R are often a significant component of any growth strategy accounts receivable financing solutions such as debt factoring and asset based credit lines can play a key role in acquisitions financing.

'Small ' is of course a relative term, but don't forget to also consider the Govt Guaranteed SBL Small Business Loan when it comes to acquiring a business. That loan limit now is 1 Million dollars, but critical to note that it covers only two asset categories, equipment and leasehold improvements.

It is very safe to say that your acquisition plans should also include a well crafted business plan or cash flow analysis of the new or combined operation.

Careful study of your working capital and loans needs will also help identify the proper method to finance a purchase. Those other solutions to help finance your transaction are a combo of new, alternative, traditional and non traditional methods of Canadian business financing. They include:

Bank term loans/ operating lines of credit

Asset based bridge loans

Inventory Loans

PO Finance

Confidential receivables financing

Sale leasebacks

Commercial mortgage financing/refinance

Royalty Financing

Refundable tax credit finance ( sr&ed loans )

Unsecured cash flow/mezzanine finance loans


The ultimate choice in your acquisition finance strategy should include some level of analysis around your overall expected rate of return. Ultimately success in the acquisition will be demonstrated by your ability to manage, grown and improve value of the new or combined business.

If you're looking for the best acquisitions 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 with your business finance loan needs.



Stan Prokop
- founder of 7 Park Avenue Financial


http://www.7parkavenuefinancial.com


Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - 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.



Friday, February 12, 2016

Financing A Business Purchase In Canada : Solving The Acquisition Loan Dilemma









How To Successfully Finance A Business Purchase In Canada



OVERVIEW – Information on financing a business purchase in Canada. Acquisition loan funding requires specific knowledge and expertise







Financing a business purchase in Canada
presents the classic ' acquisition loan' dilemma. Acquiring your targeted company successfully requires some solid up front work and knowledge around valuation and finance. Where your funding comes from is key to a solid business purchase strategy. Let's dig in.











Of course smaller acquisitions can be accomplished potentially through your personal resources, up to and including collateralizing personal assets such as your home, etc. That is of course a potential slippery slope when it comes to mixing your business and personal finances. In essences the heart of the issue is the classic business conundrum - debt or equity... and how much debt!

But a large majority of clients we talk to are certainly very unclear around who might offer to finance your acquisition given current economic and business credit challenges.

It should go without mentioning (but we will anyway!) that a commercial lender or a bank will of course want to focus on your management and industry experience skills.

The Canada Govt Small Business loan is a solid vehicle to finance business purchases up to 1 Million dollars in value. This financing also works well for the franchise industry .It's important to note however that these loans only cover the financing of hard assets and equipment leaseholds. The ' SBL ' loan is not a line of credit of cash flow type loan. It's critical to understand that after your final acquisition finance loan is in place that other forms of finance should be considered including lines of credit, inventory finance, and potential growth financing.

A significant amount of time should be spent on understanding the receivables, inventory and equipment assets within your targeted acquisition. The turnover of A/R and inventory, coupled with the true value and use in fixed assets should be a key part of your initial investigation. These assets play a key role in any business financing, acquisition or otherwise.

In certain situations it might make sense for you the buyer and the seller to consider ' seller financing ' often called a ‘Vendor take back ' strategy. If this loan is properly documented and subordinated to your ' senior' lenders then that financing plays a key role in your overall finance package.

Actual financial solutions for your business purchase include:

Asset based loans

Unsecured cash flow loans

Business credit lines based on current assets - banks and non bank commercial finance companies offer this financing

Sale leaseback strategies

Govt Guaranteed Small Business Loans


If you're looking to solve the business purchase dilemma 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 acquisition 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.




Thursday, February 11, 2016

Balance Sheet Financing Ingredients: All Star Business Finance










Who Else Wants Balance Sheet Financing ? !









OVERVIEW – Information on balance sheet financing in Canada. Business finance strategies revolve around understand who funding options are available on the balance sheet and info on who provides those solutions






Business financing in Canada will often require a hard look at balance sheet financing possibilities. That document is really a tool to uncover various financing possibilities. When the business owner/ financial mgr knows the power of unlocking and utilizing the balance sheet for finance alternatives a business advantage immediately emerges. Let's dig in.

Apparently it's not a perfect world so it's key to understand what will work and what doesn’t. By the way the ability to value your business in connection with a sale or merger also is a key benefit to understanding the balance sheet. You're then in a better position to benefit from ' all star ' financing alternatives from banks or non bank alternative lenders.

One key way to benefit from knowledge of the balance sheet is understanding that in numerous cases it has the ability to unlock hidden assets and collateral for financing purposes.

Some solid examples of this are utilizing SR&ED finance to monetize a SR ED receivable. The best option in our strategy of monetizing assets is the ability of your company to cash flow items that don't necessarily reflect their true value. That excess liquidation value is the key and is often part of a SALE LEASEBACK strategy. Here unencumbered fixed assets such as equipment or real estate are ' cash flowed ‘.

What does the balance sheet in fact signal to owner/mgr’s, and as importantly, lenders! In some cases that might be an element of risk but in our example it's simply a case of allowing you to understand what those ' BAY STREET ' folks
call ' capital structure'. Simply speaking that's the right amount of debt you can take on versus the amount of owner equity in the business.

Want a better understanding of how a commercial lender will look at your business? Certain basic liquidity ratios such as knowing your inventory turns, receivable turnover, etc allows you to improve your business and negotiate better financing.


It's always important though to understand that the true power of financial statements is the ability to also understand your income statement and how it interacts with the balance sheet.

Key financing solutions around balance sheet finance include:

A/R financing

Non bank asset based lines of credit

SR&ED Tax Credit Monetization

Sale Leaseback/ Equipment financing strategies

Term loans

Inventory Loans

If you're looking to benefit from financing strategies that are probably in use by your competitors seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your 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.



Wednesday, February 10, 2016

Business Financing In Canada : Leasing Finance Delivers Asset Acquisition Success




Old School or New School ? Financing the Assets you need in your business !




Information on leasing finance and equipment lease rates and approvals in the Canadian asset financing industry . Business financing includes the need for business owners/financial managers to understand their asset acquisition alternatives





Business Financing In Canada . Are you 'old school' or 'new school' when it comes to leasing finance in Canada. We've always thought there is nothing wrong when it comes to being ' old school ' sometimes when it pertains to business. (In hindsight we would have been a lot smarter in the Dot Com era!).


However, when it comes to maximizing the benefits and business financing availability for equipment lease rates and solutions we are categorically recommending a ' new school ' attitude. Let's dig in.



Trends now show that leasing assets in Canada often approaches 80% of all asset financing in Canada. So why is that the best choice? And are you too late to get into the game? We don't think so - so let’s try and prove to you how you can adopt a more positive asset acquisition strategy when it comes to acquiring your business assets. And by the way, those assets cover everything under the sun these days; including software, computers, rolling stock for your fleet, production equipment... you name it.


The key to being successful in leasing an asset in Canada your ability to have a solid understanding of the lay of the land. What does that do? It allows you to leapfrog barriers, and that’s a good thing.


And when it comes to understanding that ' lay of the land ' you really have only two options - the first being to become an expert yourself, and the other is to rely on expert guidance from an experienced business advisor - and more often than not that advice is ... FREE!


The actual ' boring ' part of lease financing in Canada might in fact be the documentation that comes with your transaction. And some lessors do a great job of keeping this area of the industry boring, and complex... stuffed with all sorts of ' legalese '. Thats why its often critical to take a bit more time on the ' terms ' conditions of any transaction, no just those equipment lease rates which often seem so all important to clients.


Just picking correctly one of the two leas options types that are available to your firm can make you quite ' new school '. And that decision is often not as hard as you think - your choice is simply a ' lease to own' strategy, or a 'lease to use ' strategy. Respectively they are called capital leases and operating leases. So when it comes to the numbers those two lease types can dramatically change monthly payment, lease obligations at end of term, tax and balance sheet treatment, etc.


When you understand your options in lease finance in Canada you clearly have the ability to become ' new school '. When you understand the many advantages of asset financing this solution becomes the de facto alternative for acquiring assets for your company.


Which School Do You Attend When It Comes To Leasing Finance ? Old School Or New School ? It’s Not Too Late To Become New School In Canadian asset finance . Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in your departure from ' old school '!




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.





Monday, February 8, 2016

Asset Based Lender Solutions: Journey To The Center Of Non-Bank Receivables Financing








The Reviews Are In : Asset Based Lending Is A Hit!








OVERVIEW – Information on asset based lender solutions in Canada. Receivables financing is a cornerstone of asset finance for cash flow and working capital needs in Canadian business finance






Receivables financing in Canada is in somewhat the crown jewel of the asset based lender. We're taking you to the center of non bank A/R financing. Let's dig gin.

Asset based lenders are almost always ' business to business ' type lenders for working capital and cash flow financing needs for almost every size of business - from startups to sizeable corporations. The financing that these firms provide allows your company to consider almost all options - that includes:

Growing your business

Expanding into new products/services and geographies

Engineering a turnaround

Refinancing

Companies that typically manage their A/R well are also more inclined to take advantages of supplier pricing/discounts and are viewed more positively by trade creditors. A solid receivable financing solution will allow your company to do that.

Why do thousands of businesses seek and utilized the services of an asset based lender that specializes in A/R solutions. One of the most common reasons is their company's inability to access traditional bank financing. Owners are typically reluctant or unable to access additional equity financing that might be used to bolster cash flow.

One key aspect of a non bank A/R financing solutions is the fact that a full facility will also include combining inventory and fixed assets into that same credit line!

These solutions typically do not compete with banks as they are taking on more and different assets in an entirely different manner when it comes to margin calculations and borrowing limits. The asset based lender typically advances 90% of A/R as well as higher margins on both inventory and equipment which become part of that new borrowing facility.

Non bank lenders also have the reputation of being timelier on approval. It is critical to note that in almost all cases the typical asset based borrower has a goal to migrate back to traditional banking.

While bank credit lines typically tend to have fixed credit lines and yearly renewals the true beauty of receivables finance from asset based lenders is the flexibility to grow the facility almost instantly as sales and working capital assets grow. Simply speaking these facilities fund growth!

What do asset based lenders look at when it comes to approving and setting up such facilities. Key issues include:

Cash flows within the business

The ability of the company to report on financial performance - i.e. monthly financial and aged schedules of A/R and a/p

Government sources deductions being paid (Note - in numerous cases asset based lenders will construct financing to handle and payout CRA arrears)

Profitability (or the road to profitability)

Asset lenders put appropriate controls in place to make sure credit facilities are properly controlled.

Bottom line, its official - Asset Based Lending is a hit with companies of all size and financial position in Canada. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help you put working capital/cash flow solutions in place that match your firms borrowing 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.




Business Loan Funding In Canada : One Step Closer To The Right Financing & Lenders










Financing Your Business : Not A Scientific Mystery







OVERVIEW – Information on business loan funding in Canada. Financing via the right lenders is your Job #1







Business loan funding in Canada shouldn't be some sort of ' scientific mystery ' when it comes to choosing and properly accessing the right financing from commercial lenders, including Cdn chartered banks. We're putting you one step close to the right finance solutions for your business. Let's dig in.

It shouldn't be a secret that successful business financing is in fact a process that requires a solid understanding of your current finance structure as well as knowing which equity, debt and asset financing/monetization strategies work for your firm. We're focusing on debt and cash flowing/financing your assets - the equity challenge is a whole different kettle of fish.

The basic challenge around taking on new debt or loans is that if done improperly the problems that arise from that impact your ability to run and grow your business. In certain cases, in fact most of the time there are conditions, covenants, and personal guarantees that impact the behavior of both owners and their financial mgrs.

When you take on any secured debt it's important to focus on your comfort level around repaying any loan from your cash flow. Naturally assets secured under that financing are the collateral for those loans and are subject to any default scenarios.

That brings us to the solutions provided by unsecured loans. These loans come with no tangible security but are of course more costly and present challenges to both borrower and lender alike. A good example of unsecured loans is the area of ' mezzanine finance ‘, essentially unsecured cash flow loans.

As we've maintained it's no ' scientific mystery ' around securing business financing. Your request comes with some basic requirements, typically a business plan or strong executive summary, financial statements, and a cash flow forecast. The critical requirement in a cash flow forecast? It's showing how the loan will be realistically repaid. Certain loans and types of financing are well suited to buying/merging with another business. Here's it essential to show the combined strengths of the new business.

What in fact will lenders look at when it comes to getting you ' one step closer' to financing approval? They will in fact look at:

Assumptions/forecasts
Operating efficiency of the business
Asset levels/ quality of assets

In certain cases third parties such as appraisers of business valuators might be involved in certain finance transactions, especially if your financing needs are larger.

A final word? Simply that it's critical for owners/mgrs to understand how different loans and asset financing/ cash flow financing work. There are numerous differences in how the following types of solutions can help you run and grow your business -

A/R Financing

Inventory Loans

PO Financing

Short term cash flow loans

Franchise Loans

Equipment Financing

Asset based lending

Non bank asset based business credit lines

SR&ED Financing loans

Unsecured cash flow loans

Bank lines of credit / term loans


Looking to get one step closer to the right type of financing for your company? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business loan 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.