How To Finance CRA Tax Credits : SR ED Financing Is The Solution For Your SR&ED Cash Flow Plan !

Tweet






We Just Killed 2 Birds With One Stone When It Comes To Cash Flowing Your SR&ED Credits

OVERVIEW – Information on how to finance CRA tax credits in Canada. SRED finance is an accepted form of cash flowing your SR&ED refundable tax credits

SR ED financing is the 2nd part of our ' killing 2 birds with one stone ' strategy around how to successfully finance CRA tax credits in Canada. (By the way, for the record no birds were harmed in the actual writing of this article). So... should your business consider financing via a SR&ED loan, and as important: How do you do that? Let's dig in.

The ability to ' unlock’ the cash flow represented in your SR&ED claim is a key part of the working capital challenge undertake by firms who participate in the Scientific Research & Experimental Development ( SR&ED ! ) program .

We're all familiar with the age old expression... 'Pay me now or pay me later '. In the case of sred financing it becomes a similar question ' should I wait for my cheque from the government, ( which could actually take potentially a year or more ) or should I finance that claim and put that cash back to work now .

The importance of your R&D Capital investment keeps you competitive, so why not re invest those funds and get them working?!

When you finance your sred claim you are in effect discounting, selling, or we can even use the word 'factoring 'the claim. You may or may not have chosen to book the sred as an account receivable, that's your call, But ... we can assure you if your claim is valid that it is a true receivable and can be monetized for cash flow and working capital now.

In general in Canada banks and tier one institutions do not finance sr&ed claims, so special expertise is required. The entire process can be completed in a matter of a couple weeks, and we often liken the sred financing process to any other business financing that you would contemplate - meaning:

Determine you are eligible for the sred program

Prepare a claim

File a claim - ** Remember claims don't need to be fully filed or completed to be financed

Do some math around how long it will take you to get your money and what you could do with 70% of the claim funds being in your bank now. (Claims are usually financed at 70% loan to value) The loan is a bridge loan with no payments required.


We hate to hit you with another age old cliché, that being 'time is money ', but quite frankly the essence of our info focuses on that statement. By that we mean that if you have a sred claim, and you have filed it already, and you are days, weeks, or perhaps a month or so away from getting your cheque, well... clearly it might not make sense to finance your claim.

However if you haven't filed your claim yet, or you have just filed it and haven't had a technical or financial audit on the claim then clearly if you need the cash flow back from your r&d investment then consider financing the claim .

So consider financing your claim and taking advantage of the opportunity cost of capital involved in using your SRED cash. Most firms can use cash to help generate sales, profits, and re-invest in more R&D capital expenditures.

The SR&ED program is probably the best government support program out there for Canadian business and industry. Take advantage of your share of the billions of dollars that go out to you in the form of non repayable grants for your investments. If it makes sense finance the claim and accelerate your cash flow and working capital.


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 13 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

Working Capital Lines of Credit and Loans That Work - Not Just For the Bank!

Tweet

When business owners and financial managers have successfully negotiated working capital facilities or term loans it should not be the end of the story. By that we mean that the business person needs to continually focus on what the bank or other financial institution requires, and more importantly, how they view the customer from a control point of view - i.e. are they in control or able to exert control on your business.

The balance sheet must be a top focus for the business owner - once a firm is over leveraged, i.e. borrowing too heavily, the bank generally starts positioning around their overall security or your ability to de-leverage.

Borrowers must be comfortable and knowledgeable about the use of 'triggers '. Triggers are the implied actions the bank or institution will take when things aren't working out. This can include everything from general poor financial performance to very specific pre agreed upon financial ratios. And the business owner must remember that he or she agreed to and concurred with these ratios.

Banks want to see cash flow ' flowing ' - flowing to repay their debt - so there many be triggers put in place by the bank to ensure that minimum cash flow standards are kept, and also that owners and shareholders do not withdraw excess funds.

Over time business owners will probably find, in our experience, that the bank restrictions either tighten up or loosen, depending of course on the overall comfort level the bank has with the firm. Clearly firms that seem temporarily challenged in profits and balance sheet quality will receive much more scrutiny.

Business owners can do some very solid and valuable preparatory work in negotiation of bank triggers. If they have a solid long term history of earnings this should be a very strong negotiating point with the institution. Simply by self introspection of the firm can the owner or financial manager focus on what is going to go wrong re sales, pricing, forex, etc. The owner needs to be able to talk to these issues and show how he could address them.

For a start calculate your own key operating ratios, if they are going to be discussion points with your bank or institution you might as well know your numbers now. Using 'what if 'scenarios help immensely and will position yourself as knowledgeable about your business.

Discussions with your bank need not be absolute and immediate on any time of loan negotiation - you can get a great informal sense of what the bank is thinking and work from that point forward. Try and read between the lines as to what is hot, and what a Vis is not with the bank Vis their perception of your firm, industry, etc.

In summary, business owners need to show maximum flexibility on working capital and loan negotiations. Negotiations should be from strength, accentuating the positive. Example - strong forecast sales and profits and potentially offset a weaker balance sheet. Trade-offs with the bank is also encouraged- and fewer triggers and covenants are better than more! And yes, there is more than one bank in the world, although business owners should be cautioned that shopping around is not optimal at all times, and can in fact backfire, particularly a small business. Business owner beware!


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 13 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

















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

Article Source: http://EzineArticles.com/3679339

Is 'Good Enough' Ok In Equipment Leasing When Structuring A Business Equipment Loan or Lease?

Information on equipment leasing in Canada. Canadian business needs to maximize the benefits of a business equipment loan or lease and ' good enough ' should not be an option!

Is 'Good enough' acceptable to your firm when you are looking at equipment leasing and arranging a business equipment loan or lease in Canada. We don't think so and we'll share some fundamental info and strategies that take your business financing to the next level when it comes to benefits.

You have arrived at the lease or buy decision base on your need for new fixed assets for your business. Financing those assets out of regular cash flow, or entering into cumbersome bank loan arrangements isn't an option.

The use of the asset over the long term should be what drives your financing decisions. Longer term assets require long term financing, and that's what equipment leasing is all about - matching the useful economic life of your asset to your cash flow and financing structure.

We encourage clients to take a hard look at lease term. Don't let our 'good enough' statement overtake your decision to properly match he asset term. Many lease firms that are focused on offering one type of term, or one type of lease (there are two types) are going to try to sway you towards their product or service offering. If there were only one lease company in Canada that would be problematic - fortunately there are hundreds!

Business owners and financial managers need to separate. What do we mean by that? We mean that you must separate the manufacturer and the price of the equipment from the financing. If you are dealing with a MFR that is also the financier of your asset make sure you maximize the benefits of that type of financing, known as 'captive financing' as its often the best available in terms of rate term, and structure.

The lease financing industry preaches '100%' financing for your business equipment lease and loan needs. The reality is though that often times a down payment of security deposit is required. Make sure that request is reasonable, and competitive, don't fall into our 'good enough' scenario of having to accept every term or down payment that is specified in your finance offer.

Structuring is what lease financing is all about. Be armed with a cash flow analysis that makes sense for the type of asset you are acquiring. Remember, if you don't ask or request a 'vanilla' or typical lease solution will be offered up - you don't have to accept that if your cash flow needs, business seasonality, or term of the lease are particular to how you want to benefit from lease financing.

Let's take a quick example - let's say you are leasing a 100k computer system. The lessor offers you a 5 year lease based on your firms overall credit quality, and requests a 20% down payment. and specifies payments of 1685/mo. Did you know that in many cases you could get the same lease payment for a 3 year term, saving you two years in payments? That's by utilizing an operating lease and shortening the term. Again, back to our point, don't let 'good enough' be your only choice in asset financing.

In summary, every firm in Canada has unique financial needs, and you need lease financing payments, terms, and structures that work for you. Don't accept 'good enough' in business financing. Speak to a trusted, credible and experienced Canadian business financing advisor on how you can truly maximize financial benefits of a business equipment loan or lease.

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 13 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 '


Stan Prokop








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

Article Source: http://EzineArticles.com/6042265

Asset Based Loan Financing For Business Credit Lines : The Perfect Solution !

Tweet

What’s Normal & What’s Important When It Comes To The Perfect Solution For Business Line Of Credit Financing ?






OVERVIEW – Information on asset based loan financing as a business solution for business credit lines in Canada - ' ABL' lines are the alternative to traditional bank financing for firms that can't access any, or all the cash flow and working capital they need

Asset based loan financing can often be the ' perfect solution ' for Canadian business line of credits in the SME sector in Canada. Those small to medium enterprises are often looking for info and guidance on business credit lines. Let's dig in.
Another term for asset financings of this type is ' cash flow factoring ' - in essence you're monetizing your current assets such as receivables and inventory - and turning them into ' CASH FLOW ‘... which we're told is ... king!


So how do the mechanics of this finance solution work? Is it really the solution for your working capital needs?


Let's cover off the basics and find out how you can benefit from this relatively speaking new form of asset financing in Canada. By the way, this method of financing your business is used by startups right up to the largest and most successful companies in Canada - so something must be working.


Simply speaking the facility is a loan arrangement that is drawn down and repaid regularly based on your receivables, inventory, and, if required, equipment and real estate should your firm possess those assets also.


By collateralizing your assets you in effect create an ongoing borrowing base for all your assets - this then fluctuates on a daily basis based on your sales and invoices you generate, inventory you move, and cash you collect from customers.
When you need more working capital you simply draw down on initial funds as covered under your asset base. Simple as that.
The advantage is clear - If you have sales and assets you can get immediate cash. Your receivables and inventory, as they grow, in effect provide you with unlimited financing. Now that's a concept!


The alternative facility for this type of working capital financing is of course a Canadian chartered bank line of credit - that facility always comes with a cap and stringent requirements re your balance sheet and income statement quality and ratios, as well as performance covenants and personal guarantees and outside collateral .

So there is a big difference in the non bank financing we have table for your consideration. But what about those friendly people at the bank - we see them all the time in TV commercials!

You might find the people in the commercials aren't the ones approving your loan needs!


Unlike a Canadian chartered bank financing your business asset based loan financing in effect has no cap. Asset based lenders work with you to manage the facility - and you are required to regularly report on your levels of A/R and inventory, which are the prime underpinnings of the financing.

Smaller firms use a particular subset of this financing, often called factoring or cash flow factoring. This specific type of financing is less transparent to your customers, as the cash flow factor might insist on verifying your invoices with customers, etc. A true asset based loan financing is usually transparent to your customers, which is the way you want it to be - You bill and collect our own invoices. We've called that Confidential Receivable Financing, and it works.


The Canadian asset based financing market is very fragmented and has a combo of U.S., international and Canadian asset finance lenders. They have varying appetites for deal size, how the facility works on a daily basis, and pricing, which can be competitive to banks or significantly higher.


Seek out and speak to a trusted, credible and experienced business financing advisor and determine if the advantages of business asset based loan financing work for your firm.


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 13 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

Working Capital Sources In Canada : Tracking Different Business Credit & Finance Solutions To Grow Your Business

Looking for Made To Measure Business Credit Cash Flow Finance & Loan Solutions ? For Your Consideration!

OVERVIEW – Information on sources of working capital and traditional and alternative business credit finance solutions in Canada

Working capital finance sources, believe it or not, can be a ' made to measure' solution for the majority of Canadian businesses.

That might come as quite a surprise to many business owners and financial mgrs who feel that might not have real ' choice ' in business credit solutions. So how do we gravitate to the right cash flow solution for our businesses? Let's dig in.

Understanding the type of business credit you require is all about living through a working capital ' crunch ‘. Most businesses at one time or another live that challenge every day.

Working capital is best understood as your operating capital, - That's the investments your firm has in areas of receivables and inventory, as well as the constant demand to replace and replenish assets. Your goal should be to ensure those current assets such as receivables and inventories are monetized in the best manner possible.

So who can help? The textbook definition doesn't really help us out - our accountants and analysts tell us to go to the balance sheet, subtract current liabilities from current assets, and , voila! That's working capital!

One of the biggest contradictions in working capital that you need to understand is the issues of assets, profit, liquidity and turnover. Once you have a handle of those the concept of working capital and, more importantly, the solutions start making more sense.

How you manage those short term assets of A/R and inventory is what working capital is about. Many business owners quickly realize that one of their liabilities, i.e. payables, is actually a large asset in measuring working capital and managing it. That is because if you can continue to convert inventory into A/R into cash, and slow down payables you are achieving working capital progress.

Is there a perfect way to measure your working capital needs and progress? One of those methods is to check into the 'cash conversion cycle '- It's a tool you can use to measure how low a dollar takes to flow through your company. It simply takes your inventory and receivable days outstanding, subtracts your payables days outstanding, and there is your final number.

In order to achieve solid working capital you need to increase turnover - that can be done by accelerating cash flow by borrowing against receivables, or selling receivables via a factoring process.

Other working capital finance sources include:

Asset based non bank lines of credit

Sale leaseback strategies of assets you already own

A/R factoring / Confidential Receivable Finance

Working capital term loans

SR&ED Tax Credit Financing

Merchant Advance/working capital short term loans

Your working capital solutions in Canada might seem limited, but in fact they are very focused and real. You can increase working capital today with no one’s assistance simply by accelerating turnover of your assets such as receivables and inventory. If you feel your challenge is more of a long term nature a working capital term loan (if larger these loans are called subordinated debt) is the solution.

Over the long haul monetizing your assets, not borrowing more - that's where asset based lines of credit work best.

So what’s working capital all about - it's a case of understanding what it is, looking at how your firm performs in key metric areas of turnover, etc, and then choosing a solution that works best for your firm, whether that is long term in nature, or a bulge type facility that augments your daily cash needs.

Seek out and speak to a trusted, credible and experience working capital business financing advisor to determine what choice is best for your firm.

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 13 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

Equipment Financing For Business Leasing Needs Is Your Most Powerful Asset Finance Tool

Tweet

Looking for an ace in the hole for all your business asset needs ? We’ve got one - And your competition is using it !

OVERVIEW – Information on business leasing and equipment financing in Canada. Here's why Canadian business owners and financial mgrs embrace this popular asset finance solution for acquisition of equipment, rolling stock, technology, software, and all other fixed asset needs

Equipment financing for you company’s asset needs is probably the biggest ' ace in the hole that business owners and financial mgrs have in their ' grow the company ' toolkit. Do you understand the power of business leasing? Let's dig in!

Your business is growing, and the good news is that equipment lease financing in Canada is growing even more. So it makes sense that you have a basic understanding of equipment financing and who to turn to when you want to utilize this great asset acquisition technique?

Top experts tell us that almost 80% of all companies in Canada utilize lease financing when acquiring assets, from computers to plant equipment to specialized equipment. The reality is that almost any business asset, even software to run your company, can be financed.

So what's the reason and advantage in choosing a lease solution? When you utilize this finance strategy you are sharing the risks of asset ownership with the lessor and depending on which type of lease you actually choose - there are two types - you can actually use the equipment for the agreed upon term and return the asset .


That latter type of financing, known as an operating lease, also lowers your overall financing expense. The other key advantage of course is simply lowering your cash outlays - allowing you to use your borrowing facilities for other purposes. Bottom line it's important to understand what type of lease makes sense for your firm.


When we meet with clients exploring the leasing option a large part of the discussion is on rate and credit - That's understandable because that is what drives leasing approvals! You need to be able to understand, in advance, the financial requirements of a lease approval, and ensure you have positioned your company in the best manner possible.

In Canada you can obtain lease financing via a couple of the chartered banks, independent finance firms, and captive lessors tied to manufacturers. Knowing which type of firm to access can save you money... and time.


We recommend to the majority of clients in pursuing and independent finance company lease partner - credit conditions are more lenient, they are specialized, and highly motivated to do the one thing they do best, approve and write leases!


Your most valuable partner in this industry is a trusted, credible , and experienced lease financing business advisor who can guide you very efficiently through the maze of firms in the industry . That relationship can be a very valuable one.

Business owners should never forget that when they adopt a long term leasing philosophy they are making their firm more competitive, because assets acquired to run the business can be easily upgraded and replaced, allowing that equipment to generate optimum revenues and cash flow .
Whether business owners/mgrs want to admit it or not the days of ' pride of ownership ' in assets is probably long gone. These days it's about outsourcing, lower cost, newest model, etc. Probably the best example of this is computing and software, all of which can and should be leased given the constant changes and cost.


Seek out and speak to a trusted, credible and experience business leasing advisor who can assist you in maximizing your knowledge of the Canadian asset finance industry, allowing you to use this valuable tool to grow sales and profits.

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 13 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 :

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 '



http://www.7parkavenuefinancial.com


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