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

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Receivable Financing In Canada – Did You Know That …

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

Cash flow financing
for Canadian business owners and financial managers is all about knowing what options are available when external finance solutions are being evaluated. Looking for one solution that's incredible misunderstood in the Canadian business financing landscape. We've found it. Business A/R Finance! We've got your questions, as well as the answers! Let's dig in.

Question 1 - What amount of funding can you expect to receive from your A/R base? Typical advance rates for most facilities revolve around the 90% mark... that assumes you are dealing with the right commercial financier - More on that later. That additional 10% is in effect a holdback of sorts. We would point out that Canadian chartered banks only margin A/R at the 75% level, so commercial business receivable finance offers more liquidity. One other key point on funding is that your access to capital is virtually ' unlimited' as long as you have sales and legitimate earned receivables.


Question 2 - How does a firm set up this facility? We generally advise that it takes approx 2-3 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 and full fledged A/R facilities are secured in the same manner as banks, typically a General Security Agreement.

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. Want to be the talk of the town? You will be among your competitors as this type of NON NOTIFICATION financing will have competitors wondering how you're able to finance your business so successfully.


Question 3 - Often, unfortunately, the only question our clients seem to ask when we're discussing business A/R finance. What's the cost?
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 - What receivables can actually 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. Retailers typically look to other forms of finance for finance options in the consumer marketplace - i.e. Working capital loans, inventory loans, Merchant Cash Advances, etc.

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 are potential exceptions to the rule but your ability to turn over receivables based on your published selling terms is key to successful ' factoring ' finance.


Confusion gone away? We hope so. The bottom line? 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 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

Confidential Cash Flow Factoring - Turn Accounts Receivable Into Your Best AR Finance Strategy

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Information on cash flow factoring in Canada and how confidential accounts receivable financing can turn your AR finance strategy into an unlimited cash flow machine for your growth, and profits. Finally a strategy that allows you to be in charge!

We are going to demonstrate how a little known, and in our opinion almost a secret strategy can called confidential cash flow factoring can turn your accounts receivable into a virtual cash flow machine, turning past AR finance obstacles into cash flow solutions!

Search engine analysis will show you that thousands of Canadian businesses search everyday for what they hopefully believe will be valuable information around the most popular method of business financing today. Those businesses, of all types and sizes by the way (even the largest corporations in Canada) want to know why cash flow factoring offers unlimited unlocking of cash flow based on your sales and receivables.

Initial explanations and overviews to clients sometimes become bogged down in key issues such as the cost of this method of AR finance, and, equally important, is the unwillingness of some clients to accept how invoice discounting (that's another name for this type of financing) works.

Canadian business owners and financial managers want to like a good thing, at the same time they want to know how it works and how they avoid any pitfalls. Lets discuss the ' how it works ' portion first and then share with you the method we believe eliminates the major pitfall perceptions viewed by many firms considering this type of financing.

We'll focus on small and mediums sized business - the larger corporations have access to all sorts of financing and external finance strategies - while the small and medium sized businesses in Canada tend to rely on their own cash flow to fund their ongoing growth and working capital. In fact many firms realize they have potential to grow sales and profits, but cant because of that lack of working capital.

Back to the 'how it works'! Cash flow factoring of accounts receivable is the ongoing sale, in whole or in part of your sales invoices as you generate them and deliver products and services to your customer. The invoices are purchased at 1- 3% discount from yourself, and you receive cash, 99% of the time the same day, for those sales. So, in effect all your sales now fuel that cash flow machine you have turned your company into.

So far, so good, right? Where complications arise, especially in Canada, is the fact that this type of financing requires your client to be notified of the process, directly, or indirectly, and payments are required to be forwarded to your factoring finance firm. Canadian business, in our eyes, has a reluctance to involve their customers in their internal financing policies, and challenges. As a result, many firms are skeptical of entering into AR finance of this manner.

Is there a solution? We told you there was - it's a breakthrough called confidential invoice discounting. This type of financing comes at the same cost, allows you to bill and collect your own receivables, and gains all the benefits of that cash flow factoring machine we turned your company into.

Speak to a trusted, credible, and experienced Canadian business financing advisor who can put you into a proper AR finance facility, allowing you to reap the benefits of cash flow invoice financing, while at the same time allowing competitors, customers, and vendors to remain exactly where you want them to be, outside your financing strategies and challenges! Let's let your competitors try and figure our how you're doing so well in both growth and profits.



Stan Prokop - founder of 7 Park Avenue Financial - http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies, specializing in working capital, cash flow, asset based financing. In business 7 years - has completed in excess of 50 Million $$ of financing for Canadian corporations.Info re: Canadian business financing & contact details: http://www.7parkavenuefinancial.com/cash_flow_factoring_accounts_receivable_ar_finance.html

Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698

Article Source: http://EzineArticles.com/6072401

SRED Financing In Canada : Taking Advantage Of Tax Credit Finance Via SR ED Bridge Loans

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Canada’s SR&ED Program : Get it While You Still Can! By the Way Did We Mention SR&ED Credits are Financeable for Cash Flow Now?

OVERVIEW – Information on SR&ED loans in Canada. SRED Financing offers cash flow bridge loans on your firms r&d capital investment. Tax credit finance is a solid cash flow solution to recovering valuable working capital outlays

SR&ED credits help replenish the investment thousands of Canadian firms make with R&D capital. The refundable tax credit in this sometimes misunderstood program is also financeable, accelerating and replenishing cash flow.

But the program (The Scientific Research & Experimental Development Program) is under attack. Looking for proof? The Aug 9/206 Globe &Mail story is a good example. The article (‘Gargantuan Tax Credit Doesn't Pass The Test For Evidence Based Policy) offered up 3 essential reasons the program does not work.

1. Canada's R&D capital investment is weak and declining
2. No evidence that the majority of firms are benefitting from spillover imagined benefits
3. The program is driven by bureaucracy not growth and innovation imagined benefits

The bottom line?

We'll let the pros debate the program and may the best man or woman win. We'll continue to originate and offer financing under the program

SRED financing in Canada is somewhat of an under used working capital and cash flow financing solution in Canada. Let’s explore the key basics of what SR&ED is and how Canadian firms can maximize the benefit of the program. SR&ED Bridge Loans turn that government non repayable tax credit into cash flow sooner than you had anticipated.

Most Canadian small and medium large businesses finance their day to day working capital via bank credit lines or non bank alternative financing facilities, such as asset based lending, factoring and receivable discounting. If your firm has such facilities in place, for example with a Canadian chartered bank then you are receiving probably 75% of your receivables and perhaps 50% of your inventory as eligible financing.

Did you know that your SR ED can also be in this working capital category? Let’s cover off how that is, and how it can work to your cash flow advantage! Unfortunately it's probably uniform across the board that SR ED credits aren't financed by Canadian banks. So alternative financing solutions have taken up the slack.

The basic strategy around SR & ED financing is the securing of a separate financing facility outside of your current financing arrangement. Therefore you are in essence creating a separate short term financing facility around the SR & ED claim that you have just filed.

In normal circumstances companies that file SR ED claims particularly on a first time basis can wait well close to a year to receive their funds from the federal and provincial governments. Remember the great benefit of these funds, which is they are not repayable . How long will the government commit to this solid, proven program? We're not sure but over 3.5 Billion dollars is shelled out annually to firms just like yours.

So what have we found discovered so far? SR &ED claims a great way to recoup a large per cent age of all the funds you have invested in research and development and experimentation during the past year. In fact you can claim up to 2 years of work.

The Canadian SR ED program is Canadian government’s way of assisting firms who are moving forward with innovative products and services. To be eligible to file a claim your firm must be a private Canadian owned company , have prepared and filed a proper SR ED claim in conjunction with your annual tax filing . We would point out that if your company has arrears with Canada Revenue Agency these arrears will be set off against monies due to yourself under the claim.

Also, if cash flow and working capital are at the top of your importance list your claim can be financed with the assistance of an experienced and credible SR &ED financier. This is truly a boutique industry in Canada and business owners and financial managers are urged to seek out trusted and credible advisors in this niche financing area.

Under the concept of SR ED financing your SR ED is security for a working capital loan – funds are advanced to approximate 70% of your filed claim. If properly structured you would not make any payments under this cash flow infusion, and would repay the principal amount of the SR ED financing when your claim is authorized and approved. In effect you’re are factoring or discounting the SR ED claim.

In summary, Canadian firms eligible to file a SR ED should do so. Get it while it lasts! What firm would not want to receive a cash non repayable grant from our friends in Ottawa! If you can wait for the money, great, if you wish to arrange interim financing for your claim enlists the services of a trusted and credible SR ED financier. In a matter of a couple of weeks (why wait a year?) your working capital and cash flow will be augmented via your SR ED financing bridge loan. That’s a good thing, and a great Canadian alternative financing strategy.

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

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