Working Capital Financing In Canada - Exploring Cash Flow Factoring Solutions

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Does Your Cash Flow Need Have An Identity Crisis ? Here’s One Solution !

OVERVIEW – Information on factoring for cash flow in Canada . Working capital financing is a ' must understand ' for owners and financial mgrs seeking to grow and properly finance their businesses.

Cash flow is almost always the focus of business owners and financial managers. Most realize it turns about to be a full time job! It's relevant if only for the fact that working capital financing is all about growth in sales and hopefully profits. One solution, among several available, is 'factoring'.

The 2008-2009 world economic crisis drastically affected business liquidity. Every financial institution in Canada, i.e. Banks, trust companies, life insurance companies, third party independent finance companies, etc all had liquidity issues and concerns, and these were the lenders!

Larger companies can look at equity financing, long term permanent working capital, and other esoteric solutions the ' big boys ' use.

But what about SME COMMERCIAL FINANCE needs? Start up, smaller and yes even medium sized firms have to ' scramble ' to fill the void that top experts acknowledge exists in the Canadian business financing arena.

So why factoring as a cash flow financing vehicle. Yes, it will always have a higher cost, but... it's available, and it works. Certain solutions such as CONFIDENTIAL RECEIVABLE FACTORING even mirror traditional bank lines - i.e. you can bill and collect and manage your own A/R without notification to any other firm, i.e. your customers.

What then are any challenges around factoring receivables? Although it's historically been around for almost forever it's incredibly misunderstood. Many players aren’t Canadian, (which doesn't necessarily have to be a concern) but the real truth is the way these firms operate and deliver on your financing. Also, prices and fees vary

But whatever challenges come from factoring A/R it's safe to say that the ability to turn sales into ' immediate cash ' is the greatest selling point to clients we talk to.

Things to both understand and consider when looking a factoring working capital financing include:

The requirement to finance all your A/R & Sales - Spoiler alert - you don't have to!

Rates/cost/fees -

Security arrangements - in all cases the key collateral is of course your A/R

Size of facility and quality of your customer base

Amount of financing extended against invoices - typically it should be at least 85-90%

Factor firms have very levels of involvement in your business when you have such a facility. The factor financing can have a strong level of daily ' intrusion' into the Canadian firms business - the factor might insist on delivering invoices to your customer, notifying them of the financing arrangement, and yes, you guessed it, even calling the customer and collecting the receivable. Naturally in a perfect worked most firms would rather perform these functions themselves as part of the overall 'customer relationship '. That's why we don't recommend that solution to our clients, instead preferring CONFIDENTIAL A/R FINANCE.

If you're focused on winning the working capital financing game seek out and speak to a trusted, credible and experienced Canadian business financing advisor who is focused on the cash flow and factoring solution you need to grow and survive.


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 Lenders : A Paradigm Shift In Canadian Business Financing Via The ABL Lending Solution

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A Silver Bullet In Canadian Business Financing ?

Let ABL lending & Asset Based Lenders Show You How !

OVERVIEW – Information on ABL lending in Canada and how asset based lenders via specialized business lines of credit financing solve a myriad of Canadian commercial financing challenges

Business financing in Canada often has owners/financial mgrs searching for the ' Silver Bullet’. That's where asset based lenders and ABL lending in general come in. Those in search of that business silver bullet are looking for something that ' cuts complexity' and provides an immediate solution. We're examining exactly how and why asset based finance firms can provide you with the finance Silver Bullet you're looking for. Let's dig in.

It's no secret that most top experts today maintain that ABL lenders emerge as the true alternative to traditional bank financing. While we might think of asset finance as ' debt ' that is definitely not always the case - as they also monetize the left hand side of your balance sheet - you business assets. A true ABL deal provides a revolving line of credit that accelerates your business liquidity.

Many business folks aren't aware of asset based lenders only because they are, relatively speaking, new on the scene. They are typically commercial finance companies that, unlike the banks, are unregulated as it relates to commercial financing. These firms are a combo of Canadian firms, both public and private, as well as branches of larger U.S. firms who have chose to finance in Canada. Their focus on financing = flexibility.

That flexibility means higher loan to value margins, resulting in more cash flow and liquidity for your business. ABL lending does that because if places a greater focus on real world values as long as you are regularly able to report changes in your business assets - i.e. aged a/r, a/p, etc

Again, we're circling back to flexibility. It is rare that any industry is totally ' out of favor ' with an asset based lender. Why? Because based on their internal expertise and their ability to work with your firm in any stage of your existence (start up, high growth, turnaround, recapitalization, etc) almost every Canadian firm is eligible for an asset based line of credit facility. The greatest flexibility, if we had to name one, is that the facility grows as your firm grows - that certainly is not the case when it comes to more traditional forms of financing, or term debt.

Will asset based lenders always be able to provide the solution you need for funding and liquidity. The answer is a resounding ' YES ' if you follow the following guidelines we emphasize with clients:

Ensure you are looking for the right type of financing when it comes to short term, intermediate and long term solutions - 100% always use of a revolving credit line might suggest the need for term loans or new equity

1.Focus on financing that helps you generate sales and profit growth

2.Ensure you understand the cost and requirements of asset based lending

Financing isn't the only solution to every business challenge but if you want to learn more about the new ' SILVER BULLET ' in Canadian business financing consider speaking to a trusted, credible and experienced Canadian business financing advisor who will help you determine the right facility for your company.





Stan Prokop - founder of 7 Park Avenue Financial –

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :

http://www.7parkavenuefinancial.com




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

Direct Line = 416 319 5769


Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.


Stan Prokop

Business Finance Solutions For Bridge Loans &Short Term Financing That Does The Job

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Looking For A Temp?

That’s Temporary Financing Strategy By The Way!

OVERVIEW – Information on short term financing techniques and options in Canada. How specialized bridge loans can help your firm today when business finance solutions demand critical attention

Business Finance needs are often driven by short term financing needs. That kind of ' specialized financing ' can sometimes best be described as ' out of the box ' strategies normally not in the realm of traditional bank financing. So how can the owner/financial mgr address the need for bridge loans and other solutions that solve immediate problems? Let's dig in.

How then do we identify the providers of this type of financing? It's rarely a ' check the Yellow Pages ' solution! While traditional financing is driven by Canadian banks, insurance companies, gov't, etc it's a challenges for firms seeking SME COMMERCIAL FINANCE needs.

We suppose you might be able to call the government BIL/CSBF program specialized finance, but it is certainly not short term in nature... in effect it’s a term loan with significant government guarantees to the financial institution providing that financing, i.e. the bank.

So while the guarantee is highly prized by the bank this clearly is not a specialized finance program that meets the needs of a short term financing which often revolve around working capital and cash flow needs.

Some situations are severe, and might even require what's known as ' debtor in possession financing ‘, aka ' DIP '. This allows larger firms who have challenges to operate while in the process of making proposals or arrangements with creditors. This ‘last stand' type of financing is clearly not where you want to be, but many medium sized and larger companies emerge successfully from this process.

What then are better options when it comes to releasing cash flow and putting the fix into working capital shortages?

The answer? Your assets! Gaining liquidity from assets that are unencumbered is in many cases the final emergency fix. Longer term assets such as equipment, real estate, etc can employ the ' sale leaseback ' scenario to release cash while still using and ultimately owning again those assets.

That's asset monetization at its best. Almost any asset can be refinanced, including equipment, tech assets, rolling stock, real estate, etc. Either a bridge loan or a lease or mortgage can usually accommodate the financing paperwork. In certain cases appraisals might be required as they protect both the lender and the company.


Short term financing needs are often required by firms who are in the process of exiting traditional bank financing, perhaps after they have been place in ' Special Loans’. In effect the bank relationship is over. Asset based ' ABL ' loans are the perfect solution if your company finds itself in ' Special Loans ‘. Spoiler alert - it won't make you feel that ' special'.

Other short term business finance solutions? They include:

Receivables Finance

Inventory Loans

SR&ED bridge loans


Short term financing in Canada is specialized... niche financing. It requires speed, efficiency, expertise in cost and structuring, etc. Speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in matters of bridge loans and specialized 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

Acquisition Funding In Canada : Financing The Management Buyout Via Specialized Finance

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One Size Fits All Financing Doesn’t Work In Mgmt Buyouts & Acquisition Finance

OVERVIEW – Information on management buyouts in Canada. Acquisition funding via a leveraged or traditional finance solution requires addressing several key issues

Management buyout financing and acquisition funding is all about successfully engineering the executing on the finance solution - and we can pretty well guarantee our clients that ' one size doesn't fit all '! Let's dig in.

These opportunities also aren't always coming up so the ability to buy a firm you're associated with, or to capitalize on a business opportunity is often associated with the right timing.

It's also very easy to get ' stuck ' on a transaction such as this, as a myriad of non financial issues also come up - employees, customers, strategies, valuation, and on it goes ..

In some cases you might be looking at purchasing a franchise directly from the franchisor, or perhaps a current owner who wishes to sell. The Canadian franchise industry can only be called explosive and it plays a key role in the economy of Canada. The ability to 'partner' with a franchisor successfully helps guarantee a good acquisition. Some very specialized financing can help complete such an acquisition.



Let's examine some practical tips and strategies for getting ' unstuck ' on a transaction such as this.

Obtaining seller financials is key to any sort of mgmt buy out or leveraged buyout. Key point : Many alternative finance solutions are available to buy a business, but they really on a decent level of financial transparency on how the business is doing, what the actual value of assets is, etc. The ability to distinguish between internal and external financials, as well as obtaining current interim financials is key.


Purchasers and your financiers will want a proper representation of specific assets and liabilities on the balance sheet. Great care should be taken in qualifying key assets such as accounts receivable... from a simple point... are they collectible?!


Naturally there is no guarantee that any existing or future A/R item will in fact be collectible, and no one is going to guarantee that for you. Some solid credit checks on the quality of the A/R base is highly in order, as well as looking at historical payment trends of the client base. You also want to ensure there is no right of set off against the receivables, and it certainly not uncommon for us to see the A/R as often the largest asset on the balance sheet.

A great strategy for Purchasers contemplating a leveraged management buyout funding is to make some sort of agreement on the ability to ' rejig ' the final price subject to A/R collectability. Naturally owners of the company might be reluctant to do that.

Is there anything trickier than ' inventory ' with respect to classifying quality and true value of inventory, which might of course be raw materials, work in process, or finished goods. Make a solid effort to quantify the quality of the inventory you are purchasing with respect to issues such as obsolescence.

Plant and equipment should always be appraised in some manner on funding a management buys in. This quite frankly protects all parties, and we urge clients to complete an appraisal that includes some component of fair market value, orderly liquidation value, and forced liquidation. Those numbers will vary significantly in any appraisal and play a key role in the way in which assets are financing in a real management buyout. It goes without saying of course that the purchaser should ultimately be comfortable with the quality and condition of the fixed assets on the balance sheet they are contemplating financing.

Don't forget also to look any leases or contracts that might be in place via the current business owner. You will want to make sure these are assignable to yourself in the event of a completed sale.

How then is acquisition financing most commonly achieved in Canada.
Solutions include:

Govt guaranteed loans

Asset based lenders

Private equity funding

Canadian commercial chartered banks

Business Development Corp term loans


A great transaction occurs when you have a company that is both profitable and has key assets that are financeable, i.e. the receivables, inventory and equipment we highlighted earlier. That isn't always the case, and as we noted, every business and industry is different .Speak to a trusted, credible and experienced Canadian business financing advisor for assistance in successfully completing you buy in via a leveraged funding.


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

Sale Leaseback Strategies In Canada : Asset Loans Via The Lease Back Bridge Loan Work !

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Whatever Happened To Sale Leasebacks ? Answer: Nothing ! They Still Work

OVERVIEW – Information on sale leaseback strategies in Canada . Asset loans via a bridge loan / lease back provides valuable working capital and cash flow when you need it most

A sale leaseback bridge loan in Canada is often the answer to a working capital or cash flow shortfall. The fact of the matter is that every business, probably yours, has its own story as it relates to business financing needs. Utilizing asset loans on equipment, real estate and other assets you own (i.e. technology, etc) is a time proven fix to capital and funding needs that are often driven by short term fluctuations in your business. Let's dig in.

Hopefully everyone understands the lease back concept. It couldn't be simpler. Your firm refinances, via a bridge loan or lease an asset or assets that you already own and are unencumbered by any liens. Typically your goal is to continue to use and benefit from the asset, as title reverts back to your company at the end of the lease or loan.

Depending on what asset/assets you are refinancing an appraisal often will protect both the seller and the financier. The concept of ' fair market value ' is key in asset loan refinancing. Be forewarned though that often lenders will take a prudent approach and in some cases focus on liquidation value as opposed to market values.

Owners and financial mgrs should also understand there are some accounting issues that come with bridge loan leaseback financing. This involves your balance sheet as well as issues that might come up in original cost, book value, etc. Although the majority of business assets ( depreciate ( unfortunately !) the reality is that certain fixed assets, as well as real estate of course could appreciate and grow in value over time.

Sale leasebacks are structured in various ways, but it's a short list. Typical transactions use capital lease paperwork. Term loans via a bridge loan can also be utilized, and in the case of real estate commercial mortgages are often utilized. Remember that notwithstanding what we call the transaction, or how it is ' papered ' and ' collateralized ' the reality is that you still use and benefit from the asset , while at the same time benefiting from the cash and working capital received under the leaseback.

While there might be cheaper ways to borrow cash or monetize owned assets the reality is that asset loans deliver on raising cash when it's often most needed. Remember also that in many cases this type of strategy allows you to re-do' your overall financing strategy as it relates to debt load, ratios, and bank covenants. It's a real win win when your use of funds is used to generate further sales and profits.

If you're focused on refinancing assets via the lease back strategy seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you understand risk and benefits.



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 Equipment Leasing In Canada : How To Stay Competitive With Help From Lease Financing

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Looking For A Match Made In ( Business ) Heaven?

The Right Lease Is All About The Right Partner & Solution

OVERVIEW – Information on business equipment leasing in Canada. The right type of lease financing is all about when.. and with whom

Business equipment leasing can help your business stay competitive. That shouldn’t be a mystery if your company either once in awhile, or constantly needs to replace assets or technology in your business.
As always, it's a question of the right time and right place. Let's dig in.


So exactly when should owners and business/financial mgrs consider the lease financing alternative? We're glad you asked, as we’ve got some basic do’s and don'ts on what works and when, and as importantly, with whom!

Forgive us in advance if you think it's been overdone or understated, but ensure you haven't ignored the benefits of equipment finance. Those benefits are often benchmarked when you get into issues such as ' pride of ownership ‘, assets that in fact might appreciate, ( not depreciate ) or if your firm is lucky enough to have extra cash all the time.

It's just that we think we can count on one hand the amount of assets that appreciate over time these days, and items such as computers and software certainly aren't one of them. Many businesses use ongoing 'operating lease' strategies to constantly ' refresh ' their ' tech ' needs. Assets such as these are frequently subject to obsolescence, or in some cases are only temporarily required.


So when exactly should the business owner or financial management of a firm consider leasing? Capital intensive businesses rely heavily on lease finance - they don't want all their cash or credit lines being used for long term asset acquisitions. In many case lease financing is very competitive to term loans when it comes to ' rates ' - but at the end of the day it's almost always about capital conservation.

Don't forget also to ensure you have the right knowledge and advice around accounting and tax benefits and issues as they relate to leasing. The proverbial ' lease versus buy ' decision can quickly help you identify cash flow and payment issues.

So now that you've determined when to lease the question becomes ' with whom '?! As you consider a lease firm you should, at the same time have a reasonable working knowledge of what type of lease you want. That translates into 3 basic choices in Canada, capital leases (i.e. owning the asset) operating leases, and the leasing back of your assets. Respectively these choices are known as capital leases, operating leases, and a sale leaseback.

Did you know you have 4 different choices when it comes to with whom you should be leasing from?

Your four choices are:

Commercial finance leasing companies that are most often private firms specializing in leased assets.

Choice # 2 bank leasing companies in Canada; these are closely tied to their parent companies, Canadian chartered banks.

Choice 3 is often a fabulous choice, these are the prisoners! Prisoners? Well actually we mean captives, they are finance firms related directly to the manufacturer of the business equipment you wish to lease.

Choice # 4 is often the safest bet. It's a Canadian business financing advisor who has knowledge and relationships with all of the above firms .These players, with the right credentials and reputation can bring true value and save you thousands of dollars on any single transaction. Look for past experience, credentials, etc.

Knowing why, when and how to lease your asset needs will help put your firm firmly positioned with your competitors, and on the track to financing success.

Knowing when and with whom to finance your assets can put your firm on the track business financing success. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business equipment asset acquisition 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