Commercial Interest Rates for Business Financing In Canada : Your Inside Story On Finance Costs

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After This You Will Know All About Business Financing Rates & Costs In Canada

OVERVIEW - Information on business finance and commercial interest rates in Canada . How well do you know your corporate finance costs and how and why they change?

Business financing commercial interest rates in Canada... vary! No surprise there. But do owners and financial managers in the SME COMMERCIAL FINANCE environment really understand why finance costs can vary so much. We don't necessarily think so; let's dig in!

It seems simple... you have identified your financing solution and want to know what the rate is and in cases of term debt whether the costs are fixed or floating.

As we said there are numerous business finance solutions, some of which are cash flow and asset monetization /working capital solutions; others coming in the form of term debt.

In the aforementioned scenarios those cash flow solutions include:

Accounts Receivable Financing

Inventory Finance

Bank (or non bank) business credit lines

Term loans

Commercial Mortgages

Equipment financing

Tax Credit Financing (Predominantly via the SR&ED Program)

Royalty Financing

Unsecured cash flow loans

Franchise Loans

Govt Small Business Loans under the Federal loan guarantee program (CSBFL)

So what in fact drives those changes in rates and how can you both understand and minimize them? It's your company ' risk profile ' combined with the policies and structure of your lender.

When it comes to fixed rates for term types of loans (think equipment leases or corporate mtges) borrowers with good commercial credit prefer to lock in rates when there is a long term interest rate rising period in the economy. Shorter terms might well command a variable / floating rate.

For those companies with good credit that are considered ' bankable ' rates revolve off of ' prime ‘. If you company is financially healthy loans are typically priced off of prime, and the Canadian banks do a great job of judging the overall financial performance of your firm. Suffice to say that size also counts and larger loans with good credit quality command great rates, especially in the current rate environment.

For businesses that are NOT bankable the cash flow challenge is much greater, and it's here that higher rates can be anticipated in your borrowing needs. The SME COMMERCIAL FINANCE market is driven by thousands of firms seeking to expand, acquire competitors, or simply access working capital needs that are driven by higher inventory and receivables.

So what drives those higher rate costs for companies that can't acquire any, or all the bank credit they need. It's understanding your total debt and cash flow / profit picture. As those ratios deteriorate you are entering the world of higher loan costs.

In many cases your firm might have different lenders - typically a ' senior' lender that holds most or all of the security / collateral, and other lenders charging higher rates tag along!

In cases such as unsecured loans you can almost always expect a higher rate. Remember also that many commercial lenders themselves are borrowing capital to lend, and when they are in the secondary loan market in Canada they have their own risk and profit considerations.

The bottom line? Knowing what rates apply to the type of financing your company needs and qualifies for is a critical part of business financing. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you in matching the right financing solution to your requirements.


Stan Prokop - founder of 7 Park Avenue Financial –
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 In Canada : Timing Your Loans & Funding Needs For Maximum Success In Capital Solutions

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Thinking Of Testing The Water On Business Financing Solutions ?

OVERVIEW - Information on business financing in Canada . Issues facing companies who require loans and other capital funding and cash flow solutions to survive and grow their business

Business financing needs in Canada might be requiring you to ' test the water ‘. But the question that begs to be asked is what amount of capital do you require for your company and, equally important, what is the desired or best funding solution. Let's dig in.

Full scale business might well be required for larger financing - we're typically talking 1 Million ++ $, and that includes solid executive summaries, cash flow forecasts, etc. But in the ' SME “market (small to medium enterprise) (where a lot of action takes place!) that's definitely not necessarily the case.

We'll point our though that any business owner/financial mgr who can't provide basic info such as financial statements, owner info, background story, etc is somewhat doomed to failure in achieving their company financing goals. In some cases a third party business financing advisor/consultant might be the best person to move your financing needs forward.

Keep in mind also that whether it’s a small or large amount of due diligence you will always be required to submit a proper application and relevant back up info - Example - aged receivables, payables, articles of incorp., , tax obligations, etc

Naturally new capital can come in the form of new owner equity (not what we are talking about here today) or debt and asset monetization solutions. ( That's what we're talking about today )

What then are the basic financial solutions available in SME COMMERCIAL FINANCE ? They typically include the following:

A/R Financing - (includes factoring, Confidential Receivable Financing)

Inventory Finance

Bank credit lines / term loans

Non bank full business credit lines – ‘ ABL’ loans

Equipment Finance/sale leasebacks

Govt of Canada Guaranteed Small Business Loan Program (this just in! New limit is $1,000,000.00)

SR&ED Loans- Refundable tax credit financing

Royalty Finance

Franchise Loans

Unsecured cash flow loans


Our experience tells us that timelines often drive the financing need, with, unfortunately many clients demonstrating reactive as opposed to proactive financing searches. Some transactions definitely require more time than others to successfully be completed, and unfortunately some firms don't have the financial resources to control their destinies! Aka ' running out of cash!

Can we provide a guarantee around your business financing needs? Yes we can! We guarantee that your financing search may well become time consuming and frustrating and challenging! 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 needs.



Stan Prokop - founder of 7 Park Avenue Financial –

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

Financial Strategies For Troubled Firms

Information on restructuring finance options in Canada. Turnaround financing via asset based lending and other strategies can often save any business experiencing financial challenges . Special loans is not the end of the line if your firm has a strategy and is aware of financial solutions

There are strategies that troubled companies can use to save themselves from dire straits and regain their former financial success. These same sort of strategies are valuable for business owners and financial executives to understand how their firms can avoid financial turbulence and failure.


We must first realize that business failure or bankruptcy never happens overnight. Normally there is a gradual trend of financial deterioration that is sometimes exacerbated by industry troubles. In 2009-2010 environment the auto industry was a poster child for a troubled industry, as an example.


Naturally firms that are on the very precipice of failure or bankruptcy do not have many options or time left. It has to fix itself, or sink. No business owners or entrepreneurs want to face bankruptcy, liquidation, and other creditor issues.

Do financially failing firms survive because of a revival in products or their services, or have they in fact executed on improved financial management. This is a challenging questions, because the very financial problems that beset a firm hinder it in getting new sales, acquiring inventory, and regaining supplier credibility.

Also, lets be realistic, banks and other finance companies do not throw themselves at failing firms with financial offers of loans, lines of credit, etc. In fact what usually happens is that the company is forced to pledge some or all assets at much higher rates, sometimes simply accentuating the financial problems that were already there.

So what are the financial strategies that a firm can undertake to avoid financial failure when it has been losing sales, not generating profits, and generally traveling down a potential death spiral?
There are three or four solid strategies that can save the firm. The first is ' assets '. The second is liabilities and debt, and the third we will simply call ' maneuverering '.

Strategy 1:
Assets have value. They can be sold, re financed,, or pledged to secure new financing. This type of strategy works best when it works for all parties, the company and the lender, or the company and another firm. However lets be clear that this is somewhat of a one shot strategy. It either must work or it doesn't. Asset maneuvers have 3 stages of success: assets can be used to get a new loan, assets can be sold, or they can, in somewhat of a worst case scenario, be liquidated.

Strategy 2:
On the other side of assets on the balance sheet is debt and equity. Debt can be structured properly to ensure the lender gets a reasonable reward, and the company is able to both repay and survive. There are too many types of debt to consider for the purposes of this article - suffice to say that creativity in debt is somewhat unlimited. A firm could issue debt, as an example, and repay only when the company is earning profits again.This would normally entail higher rates, but again, as we have stated, the transaction has to make sense both for customer and lender. A solid alternative solution is to simply re - structure existing debt at new rates and amortizations.


Alternatively to debt a company with promise can bring in new equity or ownership. This is somewhat more risk for all as dilution of ownership is usually significant when a company is failing and bring in new equity capital.


Strategy 3: A firm sometimes has to look to the outside for help. Since the owners and managers are often too close to the problem it is somewhat of a classic case of not seeing the forest for the trees. Outside consultants and industry experts can often bring a solution to the table. They have insights that management simply did not possess. These strategies include developing new sales and product strategies, bring in new management, or considering a strategic merger.


In summary, anyone who has worked through several business cycles over a number of years knows that companies can in fact be saved. Some go on to be the new super stars of their respective industry. The company must clearly uncover what the problem is, and then adapt strategies, financial or otherwise, to fix those problems




Stan Prokop - founder of 7 Park Avenue Financial –
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

Article Source: http://EzineArticles.com/3503535

Acquisition Financing In Canada : SME Acquisitions Debt & Loan Funding Tips & Strategies You Need

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Buying A Business ? Acquisition Financing A Pressing Problem ?

OVERVIEW - Acquisition financing is a key part of buying a business in Canada. The right type of loan funding and acquisition debt is critical to a successful purchase of a company / competitor

Business acquisition financing , done properly, plays a key role in helping to grow the business properly, and profitably. We're talking about the proper ' buy side' strategy. Let's dig in.

Safe to say that as a potential purchaser of a business you need to focus on the financing of your deal.

Why would you consider purchasing an existing business? Reasons vary, but are not limited to:

- Growing revenues faster
- Expanding into new markets or geographies
- To eliminate some existing costs and therefore increase profits
- capitalize on new technologies /products/clients

Various key parts of the existing balance sheet can play a vital role in financing your purchase properly. A solid example of this is to table the issue of a ' vendor take back / seller note ' that can alleviate the amount of capital you have to either put in... or borrow .

Naturally not all sellers are ' motivated ' to stay in the deal but a fair vendor take back note has 2 great advantages - reducing the amount you need to borrow , as well as enhancing some of the cash flow requirements that a lender might be concerned about . It might be opportune to mention to a seller that in some cases a higher sale price can be achieved with a VTB type deal.

In transactions we have worked on the existing accounts receivable must be addressed. Putting some... or all of the existing A/R into the deal may offfer certain advantages to you as a buyer.

So let's get to the ' nub ' of our issue - What financing strategies are in fact most common in acquiring a company. The most commonly used and almost always successful (if done properly!) include:

Govt Business Loans ( The SBL Guarantee Loan now has a limit of $1,000.000.00 ) Remember though that this type of loan only finances equipment and leaseholds, so another form of financing may well be required to complete your transaction.

Bank Term Loans/ Revolver facilities

Asset based loans - These loans finance all, or parts of receivables, inventory, equipment, as well as providing revolving credit lines for the ongoing business

Unsecured cash flow loans

Franchise Loans (Franchising is a huge part of the Canadian economy)

If you're focused on financing a business acquisition properly seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with buying and financing a business properly.


Stan Prokop - founder of 7 Park Avenue Financial –


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 fin, 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

Receivable Financing In Canada : How To Use AR Factoring Finance To Your Firms Benefit

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What's All The Commotion About A/R Finance In Canada ?

Information on factoring and receivable financing in Canada. A/R Finance and debt factoring play key roles in the cash flow of thousands of Canadian businesses just like yours - Here's why

Canadian business owners and financials managers continually are hearing about factoring in Canada. It is difficult to separate the information Canadian firms need to know from the ‘noise ‘and misconceptions about Canadian factoring and receivable financing .

At no time in recent history have Canadian businesses been challenged with obtaining the acceptable amount of capital they need to run and grow their businesses. The cash flow shortage can often be the death knell of a company, as it has the ability at that point to go into a long term death spiral, ultimately ending in potential business failure.

All business owners can recognize they have limitations in generating capital and cash flow for their firm. The usual cast of characters includes, of course:

Bank Financing of current assets

Canadian Government working capital term loans

Owner equity

Asset sale and leaseback strategies

So, as we have noted, with all the commotion and market noise about ‘ factoring ‘ how does the business owner in Canada understand how this financing works , what is the upside and downside, and most importantly, is it right for your business .

In Canada factoring, also known as ‘invoice factoring ‘mirrors the U.S. method of doing business. Your company in effect ‘sells ‘its accounts receivable at point of invoicing, with your company and your factor partner determining who will bear the ultimate risk of non collection of the receivable. If you bear the risk its called ‘recourse ‘– if the finance firm bears the risk it is called non-recourse. Many factor firms insert a third scenario into the above mix; they require the receivables to be insured, which adds an additional layer of expense for your firm, generally in the 1-2% range. However there is of course solid comfort in knowing that the receivable is in fact insured and that no bad debt expense will come back to your firm!

Business owners need to understand that the receivables you are in effect ‘selling ‘for immediate cash are current, valid, and earned receivables. Your firm has to have delivered the product or service, your customer should have accepted that same product or service, and the invoice must be ‘due ‘per your payment terms. Generally you are in no position to sell a receivable and expect to receive cash for that sale if the invoice is greater than 90 days old, as there is some doubt as to the ultimate collection of that account.

So let’s also get back to the ‘noise and commotion’ in the Canadian business financing marketplace about this alternative method of financing. What’s the good and bad from your perspective as the Canadian business owner.

First of all you are, to some degree, out of the collection business. The factor firm now does that. We can almost hear you breathing a sigh of relief – but remember that one of your most valuable assets, your customer relationship, is now partially in the hands of a third party finance company. To eliminate such issues we are a huge proponent of CONFIDENTIAL RECEIVABLE FINANCING .

So what’s the bottom line – it’s of course to ‘pick your partner ‘carefully. We recommend that you use a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
in this alternative financing method, allowing you to reap maximum benefits from this relatively new form of Canadian business financing.



Stan Prokop - founder of 7 Park Avenue Financial –
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 SRED Refundable Credits Via SR ED Loans: Taking Sr&ed To A Whole New Level !

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This Just In – SR&ED Financing Is Not A Long Shot !

OVERVIEW - Information on financing SR&ED refundable tax credits in Canada. Key elements of the value of SR ED loans via SRED finance are discussed. Companies looking to monetize r&d capital investment should consider sr&ed financing

SR&ED financing does absolutely not have to be a long shot. In fact preparing and submitting your R&D claim properly helps to almost guarantee your claim can be financed via a SR ED bridge loan. Let's dig in.

It certain though that the general debate about the economic values of the program rages on. Recent major editorials in Canada's business press focus on the issues and questions. In a nutshell:

- inability of Canadian firms to maintain competitiveness
- lack of products being taken to full market potential
- improper alignment of federal and provincial resources

And on it goes!!! We have to love those govt and economics folks; we'll continue quietly toiling away in the real world helping those 18,000 + claimants of the program who benefit from billions in refunds from federal/prov authorities.

We'll let other debate these issues, notwithstanding their importance, ad nauseum . Our goal - effective SRED funding that speeds up cash flow recovery for your R&D capital investment.

Cash flow from SR&ED factoring (i.e. monetizing your claim) means different things to different types of firms. Many ' start ups' we work with use sr&ed financing in some cases as their most critical source of cash during their early development. Other firms of course simply take advantage of the program for reasons as simple as cash flow mgmt.

Not everyone knows that even publicly traded companies can actual benefit from refundable tax credit for the provincial portion of their claim - those claims are 100% financeable!

How then does the SR&ED loan work? It certainly helps to ensure that your claim follows the proper admin and filing guidelines under the program. The vast majority of claims are prepared by qualified SR ED consultants. Aligning yourself with a reputable consultant allows you to help insure the integrity of your claim. Most of these folks work on contingency so their work and reputation is at risk also, as well as minimizing your upfront investment in claim prep and filing.

Tax credit loans for SRED are funded at 70% of the total value of the claim, and no monthly payments are made during the duration of the loan, which is usual sometime within a 12 month period. The entire loan funding process can usually happen with a couple weeks -start to finish.

If you're looking to monetize your Sred claim seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can outline the benefits of sr ed loans for your company .



Stan Prokop - founder of 7 Park Avenue Financial –

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