Business Financing In Canada : Unearthing Working Capital & Cash Flow

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Survey Says … Your Company Needs Business Finance Working Capital & Cash Flow Solutions

OVERVIEW – Information on business financing in Canada. Knowing when and how to access working capital and cash flow solutions is key to growth and profits

Business financing solutions in Canada require a good knowledge around the ' current assets ‘on your balance sheet. These assets are the key to working capital and cash flow solutions and are tied directly to what the pro's call liquidity. In the SME world that's also known as ' making payroll ‘, paying suppliers, and being up to date on loan and lease payments ! Let's dig in.


In the majority of the business world companies sell their products and services on credit - that of course creates receivables, and the ability to understand how to manage ( and finance ) A/R is key to business success. Your true ' real ' cash flow revolves around generating positive cash from the management of a combo of a/r, inventory and a/p. Check the third part of your firms financial statement - the 'Statement Of Cash Flows ' to see if you are winning or losing .

If you're losing on ' cash flow ' its potential good news! What do we mean by that? Simply that your sales and success require your company to make a higher investment in A/R, inventory and payables. It's of course a different story if your firm is mismanaged, losing money, or has inadequate cash flow financing in place!

One key goal in your working capital and cash flow management is simply planning for what capital you need. At the extreme is the owner’s desire or necessity to bring new equity into the business - in certain cases that just is not possible. Two other solutions exist -

Debt Financing

Financing your current assets

Before you address your current asset finance strategy remember that simply turning over receivables and inventory at a faster percentage that you create them creates instant cash flow.

What types of solutions are available to finance funding needs? From a commercial finance perspective they include:


A/R Financing


Bank business credit lines

Working capital term loans / Merchant cash advances


Non bank asset based revolving credit facilities - Often called ' ABL ' loans


Tax Credit finance - Two areas of tax credit financing exist in Canada - SR&ED and Film/TV


Purchase Order / Contract Financing

Sale Leaseback finance


Inventory Loans

One of the most popular solutions we recommend to clients who can't obtain all (or any?) Canadian chartered bank financing is Confidential Receivable Financing. It's a business credit line based on receivable that allow your business to bill and collect and finance it's A/R with no notification to any third parties, i.e. your clients.

Want to be a ' winner ' in solid cash flow and working capital finance and performance? Our recommendation =

1. Ensure you know what external financing solutions are available for your firms industry needs - some are even specific to your industry


2. Understanding what factors impact your cash flow needs - i.e. sales growth levels, operating performance, capital intensity


Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help your firm ' unearth' the right capital solutions.



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

Financing A Business Purchase In Canada - Acquisition Loans

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Can The Right Financing Of A Business Purchase Put You On The Road To Richistan ? How To Improve Those Odds !

OVERVIEW – Information on financing a business purchase in Canada. The right type of acquisition loans can make or break entrepreneurial success . Here's how and why

Buying a business in Canada often provides a large opportunity for success. While many owners and financial mgrs may prefer the strategy of organic growth for sales/revenue and profit potential the attractiveness of not having to start a business cannot be discounted.


But financing the business purchase, i.e. putting your transaction together is another story. There are numerous options available to the entrepreneur/business person.


They include:

Bank loans (Secured and unsecured) - In some cases the actual cash flows of the business can be used to finance the entire business purchase. This can be augmented with either a fixed asset/equipment loan as well as a revolving business credit line.

Franchise loans - The booming franchise industry, which supports a huge part of the economy has niche finance programs available to acquire both ' new ' and ' ' existing' franchises. Corporate stores owned by the franchisor can be financed, as well as existing franchisees that have chosen to sell. Tip: Find out why they are selling

Asset based Loans - These ' ABL ' loans cover the financing of assets as well as cash flow needs, including the often required credit line. These loans are ' non bank ' in nature and often provide higher ' loan to value ' financing when typically required loan and debt ratios don't work.


Govt Small Business Loans - Here’s one great way to do it if you business fits some basic criteria - i.e. financing required for equipment and leaseholds.

While not necessarily a ' creative' strategy Gov 't guaranteed business loans have solid 'traditional' type rates, no penalty for prepayment options, terms and structures, as well as.. wait for it ... a very limited personal guarantee!
Finally, some help from Ottawa, but we digress...


We can’t over-emphasize the importance of ensuring you understand the financial position of the business you are looking to purchase/acquire. If the seller's motivation is not 100% clear in initial negotiations it may well become clearer when the financial position of the company is understood.

In some cases owners may be willing to provide a ' VTB ' - aka the vendor take back. They may often make or break the financing as long as the seller is willing to take a 2nd position to your financing, and, more importantly, that your lenders don't view the VTB as more ' debt '. Negotiations around the actual amount of the vendor take-back will often dramatically change the nature of the selling price - upward or downward.

'Goodwill' is difficult to finance part of any transaction, and the easiest financings in business acquisition tend to be ' asset ' oriented, not ' share sale ' focused.


Buying and financing that business purchase via a well thought out and executed finance strategy is a solid way to become a Canadian entrepreneur. Speak to a trusted, credible and experienced Canadian business financing advisor with a track record of business finance success, allowing you to kick start your business purchase.




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

Canadian Film Tax Credit Financing : Refundable Tax Credits Finance Solutions

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Push Buttom Film Tv & Animation Loans For Refundable Tax Credits

Information on Canadian film tax credit financing . Refundable tax credits finance solutions are a key part of your overall strategy to successfully complete projects in movies , television and animation/transmedia. Welcome to HOLLYWOOD North finance

Canadian film tax credit financing . Clearly there is no secret path to financing a film, TV or animation project anywhere... Canada included... Ontario... BC... where ever. But one sure fire method of successfully completing a project is in fact your ability to monetize the tax credit.


Refundable tax credit programs in Canada revolve around 2 solid offerings from the Canadian government . In addition to film/tv/animation and transmedia tax credits there is also the SR&ED program which is a refund on research and development by privately owned Canadian companies. While we're focusing here on ' film ' it's important for entreprenuers, owners and financial managers to know that billions of dollars are also available under the SR ED program annually,


With respect from some of the sagas' and stories we hear the financing of projects in any of the above mentioned genres they could well qualify for a script of their own!


Producers and owners of successful projects already know that there are some key elements to the financing of any project. In a way they are not dissimilar to the financing of any business...your owner equity. Debt of some form, and in our case also, the monetization of a tax credit.


Financing of entertainment projects in our 3 genres could not be any ' hotter ‘than in the current Canadian timeframe of 2016 .


If properly structured and qualified your Canadian film tax credit financing in provinces such as Ontario, BC (British Columbia) and Quebec and cover anywhere from 30-50 per cent of your entire project budget. When revenue, distribution, pre-sales and other targets are a challenge the tax credit, when properly submitted and eligible becomes pretty well the more straightforward method of financing projects.


Tax credits are often referred to as ' soft dollars'. The one thing we've always found interesting about tax credit finance is that they don't really rely on the overall success of the project from a public acceptance point of view. When applying for and financing the film/TV/animation tax credit it’s very simply about meeting the technical criteria of the credit program itself.


It's therefore all about ' the spend' and the quality of the spend. And once you've qualified you then are in a position to monetize the tax credit - it becomes the collateral for extra cash flow. While in most cases that cash flow and working capital helps you on the current project it could of course be used for your next (hopefully successful!) production.


Tax credits are typically financed at a ' discount ' and a general norm might be in the 70% range - of course this varies per quality of the project and the experience and stability of the ownership team.


For successful eligibility and financing of Canadian film tax credit financing you require the services of a qualified tax credit accountant; that being a bit of a niche area of accounting. And with respect to the financing you need to be able to demonstrate that the credit can properly be assigned and that there are clear chains of title around your project.


Do you have to finance your film, TV and animation / transmedia tax credits? Absolutely, positively not. You can simply use the non repayable funds for any general corporate purpose. But if you, as a producer are challenged by successful project financing then the ONTARIO, BC AND QUEBEC tax credits can be a solid part of your overall financing plan. Those three provinces dominate the Canadian landscape when it comes to film tax credits . The more common nickname - Hollywood North!


Speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success today on how you can successfully obtain.. and if you choose monetize and cash flow film refundable tax credits.



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

Alternative Financing In Canada : A Smarter Solution For Business Loans & Working Capital Loan Needs

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Jeopardy Category : Business Financing for a $1000

Answer : What Is Alternative Financing ?

Question : What Are My Company’s Options For When Traditional Financing can’t be accessed ?

OVERVIEW – Information on alternative financing business loans in Canada. Working capital and cash flow solutions work best when you’ve considered all your options and picked the right ones!

Business Loans in Canada come from ' traditional ' or alternative financing sources. Key point? You've got cash flow solutions from a variety of funding sources, and as in the case of our ' Jeopardy ' type question, working capital and cash flow loans exist in more abundance than ever. Let's dig in.

Historically business owners and financial managers with SME COMMERCIAL FINANCE needs worked through traditional channels, almost always being ' the bank '. Competition and efficiency in the Canadian lending markets have brought a number of new capital solutions to your business - the challenge knows which one is right for your company, and how does one access capital in this manner.

The golden solution in the past has been 'unsecured bank lines of credit ' with a focus on companies that have proven cash flow, great balance sheets, and good history for company and owners. The problem - thousands of firms, maybe yours????? can't meet all those requirements, as logical as they might seem (if you're a banker).

Numerous alternative cash flow sources have grown steadily in Canada - one of the fastest growing is in the area of receivables finance, the ability to use your sales as collateral, via your business A/R is the appeal. Some great solutions are derived from this method of financing - as an example historically your clients had to be notified of this whole process and financing. Not so fast though! Utilizing Confidential Receivable Finance allows you to generate immediate cash flow from sales revenues, while giving you the option to bill and collect with no notification to other parties.

When it comes to acquiring assets for your company (equipment, technology, vehicles, software, etc) Equipment leasing is a bit unique in that it embraces both traditional and alternative finance needs. Almost any asset can be financing with a considerable amount of flexibility when it comes to monthly payments, amortizations, pre payment, down payment, etc.

We're often asked by clients why we are so bullish on alternative financing solutions. For a starter don't get us wrong - Bank financing in Canada is low cost, has a lot of flexibility, and provides virtually unlimited access to capital. But reality sets in when many business folks come to the realization that banks prefer ' upstream ' - namely larger deals with high quality credit companies. Top experts tell us that one recent survey indicated over 40% of firms in the small to medium enterprise sector in Canada don't fully qualify for bank financing.

Solutions in alternative financing exist for:

P O financing

Tax Credit Financing (sr&Ed / film and TV)

Leasehold Improvements Financing

Condominium Corp Finance Loans

Management buy outs / acquisitions

Non bank Asset based business lines of credit

Bridge loans against real estate and equipment

Working capital short term loans

In summary, our jeopardy contestant seems to gotten it right - you have finance alternatives. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with business loans and working capital solutions that make sense for your company and industry.


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


CONTACT:
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

5 Things You ( Probably ) Didn’t Know About Canadian Business Receivable Finance . Cash Flow Financing Via Factoring Clarified !

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Ode To Alternative Financing . Fixing Your Business Cash Flow Problem

OVERVIEW – Information on Business receivable finance in Canada . Cash flow financing via factoring and a/r financing – explained and clarified!

Cash flow financing is all about clarity and quality of information when Canadian business owners and financial mangers consider business finance alternatives. We've said in the past, and still feel it's true that no other form of finance in Canada is as misunderstood or potentially confusing as business receivable finance.

So does this method of cash flow financing have to be confusing? We don't think so, so let’s recap 12 often asked client questions with a goal of clarity for you, the Canadian business owner. Let’s dig in!

Question 1 revolves around the amount of funds you can expect to obtain in Canada. Typical advance rates for most facilities revolve around the 90% mark if you are dealing with the right party. The balance, i.e. the remaining 10% of your receivables is a holdback that is remitted to you immediately after your client pays. Another key question is facility size, and the good news here is that your facility grows as your sales grow. In general there are no credit limits per se, unlike bank facilities, which clearly have a cap and almost always revolve around annual reviews based on the quality of your financial performance.

Question 2 revolves around the process, i.e. the length of time it takes to set up a facility. We generally advise that it takes approx 2 weeks to set up a proper facility - that is a general guideline. You will know, by the way, very early on in the process if you are approved. After that it's simply a question of documentation. Legal documentation and the paperwork process are very similar to bank financing.

By the way, stop us if you’ve heard us say this before,

but you should consider CONFIDENTIAL RECEIVABLE FINANCE, allowing you to bill and collect your own accounts with no notification to suppliers, customers, etc. Your firm will be the talk of the town when it comes to competitors guessing how you did it.

Question 3 is the proverbial hot point. Fees and costs. Various factors come into play here, the credit quality of your firm in general (it does not have to be as solid as you think), the size of your facility, the nature of your industry, etc. On balance a solid business receivable finance fee in Canada is 1.5 - 2% if you're billing and collecting on a 30 day term. If your company can absorb a 1 or 2% decrease in gross margins to in effect obtain all the cash flow/working capital you need, that in effect should be your consideration.

Question # 4 revolves around types of receivables that can be financed, The key point here is that only ' business’, i.e. B2B a/r can be financed in Canada, so those companies with a consumer a/r base cannot take advantage of cash flow financing . Any North American receivable can be financed, and if your firm has overseas receivables a credit insurance policy can assist in the financing of those receivables.

Question # 5 revolves around the age of receivables that can be financed. As a pretty general rule only A/R that is under 90 days in age can be financed via this method of Canadian business financing. One can safely assume of course that if you haven’t collected your accounts by that time there is an element of uncollectibility or bad debt in your A/R portfolio.

There you have it. Confusion gone away? We hope so. When considering working capital finance via business receivable financing ensure you've got the right information at hand to make an informed decision. Speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success for your ability to get on track with cash flow finance.


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 Capital Solutions In Canada : Accessing Proper Cash Flow & Commercial Financing

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3 Mistakes You Should Never Make In Your Business Finance Needs

OVERVIEW – Information on business capital finance in Canada. Don’t make these mistakes when it comes to your cash flow and commercial financing requirements

Business capital requirements in Canada often boil down to the some basic truths the business owner/financial mgr/entrepreneur needs to address. One of those truths? Knowing the true state of their financial condition and what financing they do and don't qualify for! Let's dig in.

We're highlighting 3 mistakes that you need to avoid making when addressing, sourcing and negotiating your cash flow and commercial finance needs.

1. Understand the true condition of your company finances - almost always successful addressed when you spend time on your financials

2. Ensure you have a plan in place for sales growth and finance needs

3. Understand that actual hard cash flow is the lifeblood of your company

Can you honestly answer or fee positive about all those 3 points. If so pass Go and collect $ 100.00!

A good way to address your company's finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn - i.e. not growing, losing money, etc

When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.

How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.

Three basics always emerge when it comes to your search for the right business capital and financing.

1. The amount of financing you need

2. The type of financing (debt / cash flow / asset monetization)

3. How the financing is structured to be manageable with your day to day operations

Let's identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:

A/R Financing / Factoring / Confidential Receivable Finance

Inventory finance / floor planning / retail inventory

Working Capital term loans

Unsecured cash flow loans

Merchant working capital loans/advances

Royalty finance

Asset based non bank business lines of credit

Tax credit financing (SR&ED bridge loans)

Equipment Leasing / Sale leasebacks

Govt Guaranteed Small Business Loan program

If you're focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing 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