Commercial Business Financing In Canada :The Search For Loans & Cash Flow Solutions

Tweet






Getting That Don Quixote Tilting Against The Windmills Feeling When It Comes To Business Financing?

OVERVIEW – Information on commercial business financing in Canada. Getting the frustration out of the search for loans and cash flow solutions is all about being well informed on your firm’s choices & alternatives

Commercial business financing in Canada gives many business owners / financial mgrs a certain feeling. Unfortunately that feeling during the search for loans and cash flow alternatives leaves them feeling a lot like our friend Don Quixote - that gentleman who flailed against the windmills in a vain effort against adversaries - in this case funding challenges. Looking to improve on that journey? Let's dig in!


Forever a challenge is the funding search for start up, small and even medium sized businesses with hundreds of employees and respectable sales. Yes the ' big boys' have those challenges - they just have a lot more assets, resources and expertise working with and for them!


As a business owner or financial manager the level of working capital that you need, and the method in which you achieve that financing is really what drives the solution to your challenge. It is important , in understanding your cash flow needs and solutions, to determine if your working capital financing is required due to the capital intensive nature of your business - or if you in fact simply need to ' monetize' , or 'cash flow ' your assets in an effort to generate more working capital and faster turnover of those funds .


Despite all the good news and great feelings around your increasing sales and profits the working capital requirements under this level of success increase substantially. Bank financing has become more difficult to acquire, and many firms are looking at nontraditional or alternative sources of financing to secure the funds they need for working capital.


Another hard reality of working capital financing is that most small and mediums sized business are searching for more cash flow on an unsecured basis. This type of financing is very difficult to achieve in the Canadian marketplace, certainly in the Chartered bank environment.
So what are the sources of financial capital that Canadian business owners and financial managers can investigate and potentially utilize? Let's cover off some of the basic options - These include:

Personal savings (not high on a business owner's priority list!)

Business Credit Cards

Factoring / Accounts Receivable Financing

Government Working Capital Term Loans (These are cash term loans with fixed payments and rates)

P O / Contract Financing

Asset based non bank lines of credit

Equipment Leasing

Sale Leasebacks

Unsecured cash flow loans

Merchant Advances

Inventory Loans

When you are looking for working capital financing one of the key areas you can start with is your own key financial metrics. You don't need to be a seasoned financial analyst to determine at what rate your receivables are turning over. The bottom line if you haven't realized it yet (we are sure you have) is that receivables and inventory ' eat ' cash.
One key point needs to be made here, if your sales are growing at 15% and your receivables are growing at 15% that's not a bad thing. (To calculate simply measure the ratio of these two data points) However, if your sales are growing at 15% and receivables are growing at 30% your cash flow and working capital is being consumed by the investment you have made in A/R and inventory that is not turning over. Collections and inventory turnover are a key aspect of working capital financing.


Commercial financing from a bank is the optimal solution for small and medium sized business - as have noted that is difficult to achieve.
Funding a business can be complex and we urge clients to seek the advice and guidance of a respected, trusted and experienced commercial financing expert to ensure they pick the right tools to solve working capital challenges.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you reverse that Don Quixote feeling!


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 Finance Solutions In Canada : Fixing The Equipment & Computer Financing Needs Via a Leasing Solution That Conserves Capital

Tweet



This Just In – It’s A Shocker ! Computers and Many Business Assets Don’t Hold Their Value !

OVERVIEW – Information on asset finance in Canada. Computer Financing Via An Equipment Lease or other Leasing Strategy Makes Your Capital Work More Efficiently!

Asset Finance challenges for Canadian business owners/financial mgrs brings a whole new meaning to the term ' friends with benefits'. Your company and others are searching for solid help when it comes to help where it's needed most - acquiring expensive assets and technologies such as computers and software for your business. Let's dig in.



We maintain to clients that you need to understand your choices when making lease finance work for you; it shouldn't be a ' forced ' solution.
The whole area of lease finance gives you a positive outlook that you at least have a chance of beating the high price of technology, the fear of obsolescence , and that constant looking over your shoulder ( via the internet ?) at what your competitors are doing .


Taking on debt via long term loans is clearly not the optimal solution for most businesses looking for SME COMMERCIAL FINANCE solutions... Fundamentally, whether they admit it or not, most Canadian business owners and financial managers want to acquire the best asset without burning through those valuable credit lines and other accesses to capital. In some cases they don't even have the credit lines to draw down on.


The good news for Canadian business is that the whole spectrum of technology is in fact financeable, and, as we've noted that includes software, which is a surprise to some. Software is typically financed as a full lease to own scenario, so the key benefit quite often is simply the fact that you are matching the benefits of the software with the cash outflows of a lease finance scenario.


We're making the assumption here that the business owner, CIO, or financial manager has done what most refer to as a ' lease vs. buy' scenario. Here the business person takes into account the life of the asset, all the software licenses and support they will need for the asset, as well as the final outcome re: disposition of the asset. THIS JUST IN - IT'S A SHOCKER! - Computers don't last and hold their value! Many experts and industry analysts actually estimate that you'll have another 25,000.00 of costs associated with the acquisition of, for example, of $ 100,000.00 of new technology.


With all the competition in lease financing today approvals come faster and both small and larger transactions can be efficiently financed. That makes conserving cash easier and has made financing assets the ' go to' solution for asset/tech finance needs. Don't forget also that you have a choice of leasing assets to own, or ' renting ' them via an operating lease strategy.


Lease terms on assets financed can range anywhere from 2-7 yrs. It's critical to know your anticipated use and final value of assets you are financing - that’s when the ' sizzle ' of lease finance appeal makes most sense re convenience, speed, cash flow conservation, etc
Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with a reboot of your equipment , tech and software 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

Accounts Receivable Financing and Factoring Facilities Help Canadian Businesses Grow!

Tweet

Recent Studies in the U.S., (and we believe the Canadian business landscape is very similar) suggest that one of the most viable ways for businesses to grow and continue growing in the current economic and somewhat difficult credit environment is to consider a factoring working capital facility for their business. This type of financing facility is also known as an accounts receivable financing facility.

When business credit and access to business credit gets difficult Canadian business owners should of course investigate every 'tactic 'to get their company financing properly.

If your company is doing reasonable well, and the general economic and business and credit environment is quite positive naturally more traditional financing is considered - as a Canadian business owner you know the drill - prepare an executive summary or business plan, produce several years of financial statements, and meet with your Canadian chartered bank to discuss receivable or term financing. The reality of today's economic environment is that many businesses aren't in a position to pursue this traditional financing and therefore must consider what the alternatives are.

One of the appeals of factoring / accounts receivable financing is that your business is generating positive cash flow right out of the gate.

One of the other main benefits of such a facility is that business owners and financial managers can focus on running their business, and not spending all their time on cash flow problems and working capital challenges. We would point out that the time save on collections of course refers to the factor that the finance or factor firm is the one collecting your accounts receivable. Many business owners do not like this direct contact with the customer, and that is one of the reasons that the Canadian business environment has, relatively speaking, been ' slow ' to catch on to factoring.

This necessitates a brief discussion around the concept of notification and how factoring has traditionally been done in the U.S. and elsewhere in the world. Factoring started hundreds, some say thousands of years ago in Europe and Asian. Traditionally it involved the total 'sale 'of your receivables, your firm got the cash but you didn't own or collect the receivable at that point. In recent years, due to the creativity of the North American financing markets there are numerous other product offerings related to factoring, one of which is ' non - notification '.

We believe non-notification factoring is the absolute best solution for Canadian business owners who are considering alternative financing. Under non notification type facilities you bill and collect your own receivables, while at the same time receiving cash for them as soon as you generate your invoices. This provides a double whammy, so to speak!

1. You bill and collect your own receivables and get cash ASAP

2. You maintain the relationship with your customer, which is key to most Canadian business owners

As we have noted in the past factoring is more expensive than traditional financing, but that premium that is paid provides you with literally all the cash you need to grow your business. Savvy Canadian business owners are able to use that cash to improve supplier relationships, take prompt payment discounts, and purchase more inventories for sale to their customers. In certain cases, all, yes we repeat, ALL! Of the costs of a factoring facility can be offset by good gross margins and strong operating efficiencies.

Is it any wonder by factoring, accounts receivable financing and non traditional working capital facilities are becoming more popular in Canada? We don't think so!


http://www.7parkavenuefinancial.com

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

Direct Line

= 416 319 5769

Office = 905 829 2653


Email

= sprokop@7parkavenuefinancial.com

' Canadian Business Financing with the intelligent use of experience '


ABOUT THE AUTHOR

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

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


Stan Prokop





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

Article Source: http://EzineArticles.com/3847177

Working Capital Business Financing Sources

Information on how business owners can access working capital business financing. What solutions to business credit best fit your short term or long term growth and profit objectives?

Working Capital business financing is never a question of why - it's just simply a matter of when! Working capital and cash flow are of course the heart of every business. The challenges of obtaining that financing become a question of time.

Perhaps you need cash for for your regular ongoing business cycle - that's the simple one - you buy inventory, your produce things, you sell, bill and collect. In a perfect world your suppliers give you unlimited time to pay, and unlimited credit limits. And of course your customers pay you in exactly 30 days. Guess what? It's not a perfect world!

If you are a traditionally financed firm you have access to bank capital for revolving credit lines based on your business needs. But for a growing number of Canadian firms that access to traditional bank capital is not available. Those scenarios require a special expertise in identifying sources of business financing that work for you. The solutions actually are quite numerous - its becomes a questions of which solution works for your firm, what are the costs involved, and does the solution fit within your business model.

The business financing we are talking about can take many different forms - it might include an asset based line of credit, inventory financing or purchase order financing, a sale leaseback on unencumbered assets,, working capital term loans, or accounts receivable financing, otherwise known as factoring.

One of the most important things you can do for business financing is to ensure that the type of financing you source matches your needs. What we mean by that is that you should match short term needs with short term financing. Factoring might be a good example. If your receivables aren't financed, and you need cash to meet inventory and supplier commitments that type of financing is immediate and addresses your needs. Why would you enter into a five year term loan at fixed payments for a short term capital need or requirement?

The best way to think of short term financing is to focus on the current assets part of your balance sheet - those items include inventory and accounts receivable typically. Those assets can quickly be monetized into a working capital facility that comes in a variety methods. The reality is that your inventory and accounts receivable grow lock step to your sales and your ability to finance them on an ongoing basis will give you access to, in essence, unlimited working capital.

There are some solid technical rules of them around how you can generate positive pricing for operating facilities. By calculating and analyzing some basic financial ratios (we call them relationships) in your financial statements you can get a strong sense of whats available in working capital business financing and what pricing might be involved. Those ratios are your current ratio, your inventory turns, your receivables turns or days sales outstanding, a, and your overall debt to worth ratio. Depending on where those final ratio calculations come in will ultimately allow your working capital financier to put your firm in a low risk, medium risk, or high risk band of pricing?

In Canada working capital rates range from 8-9% per annum to 1-2% per month, depending on what assets are financed and how they are financed.

So whats our bottom line in working capital business financing? It is simply there are alternatives available and you as a business owner of financial manager can assess those alternatives in terms of short term needs or long term needs. Pricing and solutions vary, and your ability to convey the positive aspects of your business to the working capital lender will ultimately lead to a final pricing and solution. Speak to a credible, experienced and trusted working capital business financing advisor to determine what solutions are the best for your firm.

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

The company originates business financing for Canadian companies and is a specialist in working capital, cash flow, and asset based financing. In business 6 years the company has completed in excess of 100 Million dollars of financing for Canadian corporations of all size.

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

Direct Line

= 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


'

Canadian Business Financing with the intelligent use of experience '


ABOUT THE AUTHOR

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

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


Stan Prokop


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

Article Source: http://EzineArticles.com/5001337

Reinventing Your Business Funding With Asset Based Lending Companies

Tweet

OVERVIEW: Information for Canadian business owners and financial managers on a growing trend in business funding served by non bank asset based lending companies. Business Financing that's here today and available (If you have assets!). Business Financing In Canada That You Need and Can Access.

Asset based lending companies have come a long way baby! Seriously though, business funding has dramatically changed in Canada - it was always a challenge - 2008 Global implosion happened, and guess what, business financing is more challenging than ever. Every Canadian business owner and financial manager for companies of all size and industry knows that.

We're all heard that when the going gets tough the tough get... well you know what we mean. So business financing via asset based lending was slowly becoming more popular in Canada (It's huge in the United States) and has become, can we say ' ultra popular' in our current time.

Asset based lending as new as it is in Canada certainly can't really be called 'innovative' - it simply focuses on, guess what 'assets'! It is essentially a great financing solution for companies that are normal, distressed, leveraged, experiencing high growth, etc.

The problem we have with the term asset based lending or asset based finance is simply that it is a bit of a catch all when it comes to being used or explained to business owners. We define this type of business funding as revolving lines of credit based on asset quality, receivable discounting, inventory and trade financing, which sometimes can actually include purchase orders or contracts.

The reality is that this type of financing can be customized to every industry for companies of all size, although typically we tell clients that the facility works best on transactions of 250k+. Asset based lending companies can help you manage and grow your business, with the focus on 'grow'.

The biggest misunderstanding around asset based lending is that typically it is not done via a bank; it is managed through private independent finance firms that are very experienced in asset valuation and funding. Their experience allows them to take a look at your finance-able assets and maximize what is known as an ongoing ' borrowing base' for those assets. Typically we are talking about receivables, inventory, equipment, and as we noted, in some cases purchase orders and contracts.

The benefits of working with asset based lending companies are that it is a fast, innovative method of financing your company that is not focused around the requirements that a Canadian chartered bank would typically impose. We can honestly tell clients we have never seen an asset based line of credit not deliver on significantly more financing that the customer would have ever achieved with a bank revolver.

So what's the bottom line - simply that by investigating this method of business funding you potentially have the ability to enhance your overall business financing for growth and success. Speak to a trusted, credible and experienced business financing advisor who can put you on track to better business financing! That's a good thing.

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 6 years - has completed in excess of 45 Million $$ of financing for Canadian corporations.Info re: Canadian business financing & contact details: http://www.7parkavenuefinancial.com/asset_based_lending_companies_business_funding.html

Article Source: http://EzineArticles.com/expert/Stan_Prokop/432698
0 Comments | Lea

Article Source: http://EzineArticles.com/5203405


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 Loans & Bank Loan Choices In Canada : Understanding The Financing Alternative

Tweet


Looking To Avoid Business Financing Disasters?

OVERVIEW – Information on business loans in Canada. Whether you’re exploring a bank loan or the new frontier of financing alternative solutions you need this information

Business loans in Canada have owners/financial mgrs treading some specialized ground. How can the financing alternative solutions available be accessed if they aren't understood. Even bank loan scenarios have some critical factors attached to them. Let's dig in.

Let's examine three things you need to know that will allow you to feel that bank financing in Canada is not insurmountable. The general sentiment among small, medium, and in some cases large corporations is that bank financing is both difficult and challenging in the Canadian marketplace.

Let's examine three key points that will assist most business owners with overcoming obstacles to Canadian bank financing .They are as follows -

1. Are you looking for operating financing or term financing with your bank - there is a difference!

2. What are the key issues around bank financing access?

3. What are the requirements to obtain specialized alternative financing?

The reality is that traditional financing, aka ' the bank ' requires the spirit of a true working relationship. It should pretty well never be all about just rate of course, as terms are critical also. Bankers focus on relationships while alternative financiers are more 'transaction' ' timing' focused!

A line of credit or a bank term loan? Is there a difference? There definitely is! If you are looking to either purchase an asset or expand your business your focus should be on the preparation of sufficient data to support that financing request.

We feel strong that to be considered for such financing you probably should have an established relationship with the bank already, either on a personal or a corporate basis. It would also help if you had already established some form of operating facility.

In many cases your firm simply needs an operating facility. If you are an established business, have growth and profit potential, and a relatively clean balance sheet you are in a position to negotiate an operating facility for receivables. Typical facilities margin your receivables at 75% and inventory typically might come in at 40%. We encourage clients to carefully discuss what we will call 'bulge needs 'with your banker.

Remember that it's challenging when you find out that banks can't support temporary increased needs, often called ' bulges ;.This is in many cases where the client and bank relationship falls apart, because the business owner assumes that the bank will support increased temporary needs for the business.

Whether you're focused on bank financing or alternative finance the basics should always be available - financials / cash flow / business overview -plan, etc.

Having a primary lender is often the most desirable financing alternative. However, be aware that in today’s environment numerous alternative finance solutions are readily available - They include:

A/R Financing

Inventory Loans

Asset based non bank credit lines

P O Financing

SR&ED Tax Credit Loans

Sale Leasebacks


Etc!


Knowing what financing works for your business, as well as what's available and approval criteria is key to avoiding financing and cash flow disasters. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow & business loan 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