Business Financing & Cash Flow Alternatives: Stop Pretending These Finance Alternatives Aren’t for you

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Looking For Some Cash Flow Fuel ? Try These Options !

OVERVIEW – Information on different cash flow solutions that many businesses may not have considered. Business Financing should be all about finance alternatives

Business financing is all about ensuring your firm has the ' fuel ' to operate and grow your company. But do some owners/financial mgrs sometimes fool themselves by thinking their current cash flow and finance alternatives work? We think that might be the case. Let's dig in.

Companies with different types of assets require a complete understanding of how those assets can be liquidated, acquired, or monetized. In some cases traditional bank type lending might give your firm the lending solution that you need. That's of course up to the bank in most part, based on the overall financial condition of your business.

For those that can't access all, ( or any ?! ) of the finances they need a revolving line of credit from an asset based lender will allow your firm to secure the type of cash flow / working capital you need. It should also never be forgotten that simply managing payables and maximizing supplier credit is a key to overall cash flow mgmt. Companies with the potential to secure new large orders / contracts should also consider export guarantees or P O financing.

There are some more esoteric and not always considered options that in the past have been more exclusive and reserved for larger companies. These include ' securitizing ‘your sales, or considering a convertible debt solution.

A more commonly accessed type of funding is mezzanine finance, essentially unsecured cash flow loans. They are often reviewed as a ' bridge; between debt finance and the dreaded ' equity ' dilution that is not desired by owners wishing to retain full ownership and control.

Some individual and unique ' subsets' of asset based lending strategies include:

Confidential Receivable Financing

Purchase Order Finance

Leasing Assets

Royalty finance

Those latter 3 solutions distinguish themselves because they provide billions of dollars of capital for SME COMMERCIAL FINANCE needs in ... are you read y???.. a very short period of time! It's all about quick access to cash as far as most firms are concerned. At least that's what business folks tell us. They hate it when financing stifles their ability to ' seize the moment ' when it comes to new sales opportunities.

While personal owner guarantees are required in almost all of Canadian business financing for private firms the reality is that there is less emphasis on these guarantees when it comes to various alternative finance solutions. But for the most part it's all about ' timelines' and the ability to access cash.

If your company is looking for some cash flow ' fuel' from forms of finance that will help you grow and run your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist. Stop pretending that newer forms of business finance aren't for you!





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 In Canada : The Brave New World Of Alternative Financing & Cash Flow Solutions

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Is Your Business Financing Feeling Like The July 12 Disco Demolition Fiasco? ! We’ve Got Some Ideas On That

OVERVIEW – Information on business finance alternatives in Canada. Cash flow loans and other alternative financing solutions are the new frontier in business financing in Canada

Business finance funding for many Canadian firms often seems just out of reach for many owners/financial mgrs. Those owners and managers might even feel as if their finance challenges are somewhat impossible, almost like the July 12 1979 Disco Demo Night! (On that day a Chicago DJ organized a ' disco sucks’ protest at Chicago's Comiskey Park. The 5000 invited fans turned into a riot of 70,000 of epic proportion and damage).

Although bank financing is often critical for the ultimate success of many firms there is access to finance today in numerous other forms. These solutions tend to fill the ' growth gap ' that perceived / real credit crunches deliver to the stifling of a firm’s growth.

When it comes to low cost and low risk our Canadian chartered banks deliver on the many longer term solutions for business finance needs. Although the requirements are pretty basic, and common sense, many firms, perhaps yours , can't prove or provide stability in cash flow, smooth growth, and collateral and or covenants and personal guarantees.

4 sources of business financing you may not have considered are:

Asset based lending / non bank lines of credit

Factoring/ Confidential Receivable Finance

P O Financing

Equipment Financing (Lease finance is often both a traditional and alternative method of acquiring and financing new assets) Almost any new or used equipment asset can be financed these days, even software to run your business!

Start up and early stage growth firms should well consider the Canadian govt small business guaranteed loan program, providing a govt guaranteed loan via your bank for 90% of the loan amount, which now is up to $1,000,000.00 as a loan amt cap.


We always point out to clients that various forms of equity finance could be considered; these include bonds, private capital pools, private equity, angel investors, crowdfunding, etc. However these solutions are a road less travelled and take a ton of time with only the smallest per cent age of firms ready or succeeding in these areas.

If you're looking to feel better about business finance alternatives available to your firm seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with identifying the right mix of solution and funding/capital amount your business needs.. to grow!


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 Finance In Canada : Do Your Debt Finance & Cash Flow Solutions Work ?

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Is Your Firm Just Surviving Without The Right Financial Solutions?

OVERVIEW – Information on business finance in Canada. Choosing the right debt financing and cash flow solutions for your companies helps guarantee business success

Business finance in Canada still relies a lot on the old days. If that's how owners and financial mgrs look at things these days they just might be surprised at the amount of debt financing and cash flow solutions available if you're aware of the criteria and how they work. Let's dig in.

Again going back to those old days the lending model for companies place a high reliance on your ability to prove cash flow as what our good bankers call ' primary source of repayment'.

The good news?

Many new techniques have emerged over the last number of years that allow your firm to access capital. It's a combination of new lending solutions combined with technologies and techniques that allow a lot more flexibility loan and cash flow solutions.

What we're talking about could well be described as ‘transactional lending' ; loans and cash flow monetization strategies that focus on your assets and less reliant on what traditional bank lending tends to be focused on . That focus historically has been ratios and covenants, debt load, gross margins, etc. Those are all important but any deviation in those will often lead to severe credit limitations on your firms borrowing ability.

Many smaller transactions , especially in the SME COMMERCIAL FINANCE space in fact utilize some quick ' credit scoring ' techniques that could quickly have your firm borrowing up to several hundred thousand dollars Bank borrowing traditionally has been based on ' relationships' with your bank and a fair amount of contact over time.

We never under emphasize with our clients the ongoing need to be able produce timely financial statement and asset reporting data, typically aged payables, receivables, inventory lists, etc.

It's critical to understand that most financing solutions should typically be matched to a direct need. A basic list of financing solutions available to almost every business includes:

A/R Financing/ Confidential receivable finance

Inventory Loans

Tax Credit Bridge Loans (Typically SR&ED)

Sale Leasebacks

Asset based business credit lines

Unsecured cash flow loans

Govt Guaranteed Small Business Loans (maximum to $ 1,000,000.00)

Equipment Leasing

When you can meet requirements for personal credit, collateral, and owner equity in the business bank financing offers the lowest financing cost with a strong amount of flexibility.

The ability of owners, mgrs, entrepreneurs to successfully address the limitations they face in financing their business will go a long way to long term financial success. 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 short and long term financial 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

Why A Business Credit Line Or Asset Based Loan Is A Key To Success In Your Company

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Not All Business Credit Line Solutions & Asset Based Loans Are Created Equal.

OVERVIEW – Information on the important of securing and being able to access a business credit line or asset based loan in Canada. Growing and Running Your Business with all the available financing you need is a ‘ key to success ‘

Business credit line needs in Canada call for either a bank facility or an asset based loan. Both of these solutions aren't equal in how they deliver, what they cost, and how they work. Understanding those issues helps the business owner plot a ' key to success' strategy that helps ensure business growth and survival. Let's dig in.

While both the bank credit line and the asset based loan are revolving facilities asset loans are more focused to the actual assets in your business.

All of your borrowing needs are often (not always, but often) tied to your sales revenues. As sales are generated receivables are collected (hopefully!) and paid off. For companies that sell products, as opposed to just services, inventories are often coupled into your borrowing needs. These two asset categories, A/R and inventory, form your current asset.

From the asset based lender or banker perspective these form your ' borrowing base ' on which you will draw down working capital cash flow needs. Asset based lenders lend more against your assets, and in turn they tend to monitor your a/r and inventories more closely - as those two assets are typically the prime collateral for your asset based loan.

While banks do require some ongoing reporting on your assets, typically monthly, sometimes only annually, they instead focus on your operating characteristics of profit, cash flow, debt load, and character and personal collateral of owners. (Many banks are challenged by the ability to both understand and monitor inventories - while asset lenders have developed experience in numerous industries and inventory types.

What's my rate? That's the ongoing battle cry of business owners and financial mgrs when they consider line of credit needs and benchmark the offerings of their bank or asset based lender. While your borrowing capacity can often double or triple in asset based revolving facilities they do come at a higher cost.

Conventional bank financing is cheaper, but more challenging to be approved for. An interesting note is that in recent times, due in part to general competitiveness and the low rate environment asset loans have in fact dropped in overall cost.

Start up, fast growing, as well as financially challenged companies are prime candidates for asset based lines of credit. They have limited or challenged cash flow generation performance, but require rapid access to cash flow and working capital. The conservative financial position as demanded by banks focuses on ratios, cash flow, debt to equity relationships, and owner guarantees.

It's important to note that many, shall we call them ' subsets’, of asset based loans can help deliver liquidity to your business. They include:

Factoring/Confidential A/R financing

Inventory loans

Bridge loans

Sale leaseback strategies

P O Financing

SR&ED Cash flow loans

If you're focused on ' keys to success ' in your working capital and cash flow needs seek out 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 –
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 Financing For Term Loans & Line Of Credit : Inside The World Of SME Finance Choices For Canadian Business Owners

Whatever Happened To Good Old Fashioned Business Financing Choices For Your Company? We Think We Know

OVERVIEW – Information on business financing in Canada. Whether it’s term loans or a revolving line of credit the choices for owners and financial managers are numerous

Business financing choices for term loans or a line of credit often seem like huge hurdles when it comes to funding accessibility for owners/financial mgrs. They will often lament the lack of choices in cash flow and capital solutions. Our thoughts? In fact you probably have more choices today than you ever did for your cash needs! Let's dig in.

Is there ever a time when a company doesn’t need funds. Whether it's acquiring new assets, considering expansion into new markets or products, or simply paying daily operating expenses there’s always a need for financing solutions.

Your timeframe of reference is critical to assessing and acquiring your financing solutions. Typical timeframes are of course ' short term' for daily needs such as a line of credit, or ' long term ' as it relates to capital assets or investments in R&D. In the long term you might be considering simply refinancing your current business is funded - that perpetual mix of owner equity and debt - and the right combination of those two.

In the middle there are often' bridge loan' needs for a variety of circumstances. These solutions can fill the gap that comes from the dynamic changes in your business.

From small business perspective, many firms are in start up or early stages, The Govt of Canada has one of the best programs that thousands of firms utilize every year. This loan is now up to $1,000,000.00 in loan cap, provides a govt guarantee to your bank for 90% of your loan , and comes with great rates and flexibility that even some more traditional forms of financing can't deliver on , i.e. no penalty pre-payment, longer terms, etc.

As we've stated, there is a ' new normal ' in Canadian business financing. That new normal includes the rise of numerous alternative finance solutions. Those combined with traditional bank financing offer a large slate of funding solutions.

Looking for a simple list of business financing solutions available to your firm? Here they are!

A/R Financing/ Invoice Factoring/ Confidential Receivable Financing

Inventory Loans

Bank credit lines

Non bank asset based revolving credit lines

Govt Guaranteed Business Loans

Tax Credit Financing (SR&ED / FILM)

P O / Contract Financing

Equipment Financing

Unsecured cash flow loans/ Mezzanine financing

Franchise Loans

Sale Leasebacks

Royalty Financing

This broad range of financing solutions allows your firm to grow, hire people, and become key players in their industry.


To implement any financial solution you need to understand where your ' financing gaps' are and which solutions will work when it comes to either taking on debt or simply monetizing your assets to the maximum , while still employing prudent leverage.

Are you aware of all your financing choices? If not seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your loan and line of credit needs.

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

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 : Ready To Step Insider The World Of Business Financing Options

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How To Get What You Want In Canadian Business Financing

OVERVIEW – Information on business financing options in Canada. Many alternative finance options , loans, and cash flow solutions are available to the owner/financial mgr. When traditional funding and capital needs can't solve the challenge it's time to look at alternate solutions

Business financing opportunities and solutions don't always provide owners & financial mgrs with the capital they are looking for. We're stepping inside the world of business financing options with the focus on ... getting what you need and want! Let’s dig in.


The most sought after funding solutions for business are often traditional Canadian chartered bank solutions. Many 'SME's' ( small and medium enterprise ' firms often require some form of term debt, aka ' loans' to help set up early needs in investment requirements.

But wait! There's a challenge, which should come as no surprise to most entrepreneurs, which is that Canadian banking cannot always fill the bill when it comes to those immediate needs. The reason? Bank financing is often best suited for firms that are later in their growth cycle. Companies that have dynamic needs and who are fast growing present more of a risk to the banking sector.

That's therefore the ' gap ' we often are talking about with our clients - the ability to find loans and cash flow solutions that can fill your growth needs during times where cash flow and profits might be a bit more erratic . In some cases it's simply the need to seize the ability to take on a large contract or fulfill and order. That's even more pronounced when it comes to firms that are pure start ups, or service and tech type firms that might have services to offer instead of products.

The irony that's not lost on most business folks is that it's the SME sector that in fact drives the economy when it comes to employment and economic growth.

So, we're discussed the problem. How about the solution? Many forms of innovative funding can be found in numerous ' alternative financing 'solutions available to Canadian business. These include:

A/R FINANCING / FACTORING/ CONFIDENTIAL RECEIVABLE FINANCING

INVENTORY LOANS

FLOOR PLANNING FACILITIES

WORKING CAPITAL TERM LOANS

SR&ED TAX CREDIT BRIDGE LOANS

EQUIPMENT FINANCING/ SALE LEASEBACKS

NON BANK ASSET BASED REVOLVING LINES OF CREDIT


These solutions can be used to grow your business, acquire a business, or to change their overall capital structure, often giving you the ability to de-emphasize ' debt ' with more of a focus on cash flow financing.

If you're ready to step inside the world of Canadian business financing options available to your firm seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you ' get what you want '!



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

Asset Based Financing ? Check Out The Bank Credit Line Alternative

The Bank Credit Line Versus Asset Based Financing Credit Facility Alternative

OVERVIEW – Information on asset based lending in Canada. How does a bank credit line facility differ from the ABL asset financing alternative

Asset based financing alternative solutions for Canadian business offers many reasons for owners/financial mgrs to consider a bank credit line alternative. We're discussing some of those reasons. Let's dig in.

The ability to borrow the maximum you can under an asset based credit facility is a key part of the attractiveness of ' ABL ‘loans - in particular the revolving line of credit option. Those selected assets include almost always: Receivables, Inventory and Fixed Assets.

Note also that potentially you can include real estate and in some cases even your intellectual property if either of those applies to your company. Those latter two are more rare additions to your borrowing, but they are there.

The best way we describe asset based credit line loans is simply that they bundle your assets into borrowing power, with less emphasis on the overall credit quality that our banks focus on as it pertains to balance sheet quality, cash flow, and profit/loss history.

ABL loans are offered by commercial lenders who in some cases even have significant expertise in your industry as it's been their niche. But at the end of the day every asset based lender focuses on the overall asset evaluation and the ability of you to report on regular basis those assets. That is often easily accomplished by reports that include aged receivables, aged payables, inventory lists, etc. We suggest to clients that if you can't supply those basics you probably have other problems!!

Asset based credit lines also distinguish themselves via ' flexibility ' - It's all about providing a finance solution that is focused on any complexity in your business and industry.

Remember also that another key difference here is that whole bank credit facilities from our Chartered banks tend to offer fixed upper limits and are reviewed almost always on an annual basis. ABL credit lines can easily fluctuate with your sales levels, with increases in borrowing power most often easily accomplished as seasonality and sales bulges occur in your business. Many firms gravitate to asset based lending lines for the sole reason that is allows them to take on larger business, new contracts, etc.

Thousands of firms are checking into the asset based financing alternative - it's about flexibility, specialization, and increased liquidity.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your borrowing 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