Your Working Capital Prospects On A Train To Nowhere? Here’s The Fix

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Business Cash Flow Prospects Looking Hellish?

Here’s Some Solutions

OVERVIEW – Information on working capital financing . The ability to access cash flow and short to intermediate financing solutions is critical to growing and running your business

Working capital financing challenges sometimes have business owners/mgrs feeling they're on the proverbial train to nowhere. - What then are the issues and are their traditional or new innovative financing strategies available? Let's dig in.

The irony of the business owners concern is, many times, that business is great. We hate getting technical with clients, but finance has a term called 'sustainable growth '- very simply put it's the growth rate your firm can achieve without increasing leverage, or the amount of debt to equity in your firm. It's calculated as follows:

ROE X (1-dividends paid out)

ROE is of course return on equity, the amount of net income at the end of the year as a percentage of your firm's net worth.

Perhaps we have surprised some business owners by telling them the exact day that they will have to stop growing based on their inability or desire to borrow!

Anyway, our point is not that, it's simply that at a certain point you cannot grow your business any more without debt. No one likes taking on too much debt.


A better solution? An asset based working capital facility. This type of facility adds no additional debt to your firm but gives you maximum liquidity for receivables, inventory, and even equipment you already own.

So, we promise, no more technical financial discussion lets discuss the financing you need and the challenges you have. As we stated it is ironic that many times the stress of managing working capital is related to success - you have new orders, contracts, the need to build up inventory, or perhaps you have granted special payment terms to new or existing customers.

At the same time your firm has its own obligations to suppliers and term creditors such as the bank or equipment lenders, etc.

We can say that the problem is very obvious when you have suppliers that want to get paid either up front or in 30 days, but you have inventory buildup needs and your customers are paying you in closer to 60 days, despite your terms of 30 days.

The traditional solutions are always too obvious, Canadian chartered banks for term loans or operating facilities, or even consideration to giving up some equity in your ownership.


Those are solutions that are either desirable by many of our clients. The reality? Financial conditions and lack of collateral prohibit in many cases traditional financing.

Therefore those nontraditional, but getting less nontraditional solutions look more and more attractive every day. By sacrificing one of two points of gross margin true working capital asset based lending facilities can provide you with all the cash flow you need when it comes to financing inventory at aggressive loan to value, 90% of receivables, and , as we said in some cases equipment and even purchase orders .

So what is the final effect of a true working capital facility - it's financially much better than taking on term debt or selling equity ownership, etc. We have just shown you that by maximizing a true working capital facility you have increased sales, increased profits, and have not taken on additional debt or given away any portion of your equity stake.


Speak to a trusted, experienced, and credible business financing advisor for more information on how a true working capital asset based lending facility can help your Canadian firm grow sales and profits.




7 Park Avenue Financial :

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







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 Lines Of Credit : Perfectly Matching Your Business Finance Needs?

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Asset based Lines of Credit –

Canada’s Newest Business Financing Option!

OVERVIEW – Information on asset based lines of credit in Canada. This relatively newer business finance options allows companies to achieve revolving credit lines that are non bank in nature – they are suitable for fast growing companies and firms that have challenges in accessing traditional bank capital

An asset based line of credit is a newer business financing tool / solution that owners/financial mgrs keep hearing about. And they want more info - so let's dig in.

Similar to other forms of business financing that are newer and not yet in fullest use in Canada asset based financing, also called ' ABL ' financing evolves from the U.S. and the U.K. . . . The industry originally started as a simply 'factoring 'or receivable finance arrangement.

What asset based lending does is to take that basic concept of factoring and include all your other ' assets ', which traditionally are inventory, equipment, and in some cases the actual purchase orders and contracts that your firm receives and wishes to fulfill.

When we sit down with our customers and they ask us for information on asset based lending we find ourselves often explaining right out of the gate that asset based lending is not a ' lending of last resort '. Most of our customers are surprised to hear that some of the largest corporations in Canada and the U.S. finance their business through asset based lending.

The fact that you as a Canadian business owner can leverage not only your receivables for liquidity, but your inventory, contracts, and equipment and real estate naturally brings true liquidity to the table.

Many customers we work with immediately see asset based financing as a major competitive advantage, enabling them to improve relations with suppliers and grow sales with new or existing customers.

In some instances we have pointed out to clients that our best financing solution for a merger or acquisition scenario is an asset based lending arrangement as it maximizes the true asset and capital power of both firms.


In 2008 and 2009 Canada, like many other countries, or in fact all the world experienced a major liquidity crisis. As banks and independent finance companies pulled back on business line of credit, not always because they wanted to, but because they had to, asset based lending continue to offer more liquidity to customers who were working capital and cash flow challenged.

Naturally as many Canadian firms had balance sheet and income statement erosion, (I.E. financial losses) the challenge of what one could call ' traditional ' financing became even greater.


Many of our customers scrambled to get their balance sheets in order, as for the first time in May years loan covenants were in breach, etc.
We don't want to say that the banks and other large finance firms in Canada let Canadian business owners down, but certainly many times it felt like that, and the welcome comfort of an asset based lending arrangement saved the day for many a firm of all sizes .

Bottom line? Asset based lending has risen to the top of the pile with respect to a robust full financing options for Canadian firms looking for financing for a combo of one or all of receivables, inventory, equipment, real estate, and contracts .

Speak with a credible, experienced and trusted advisor in asset based lending to determine if it's your firms 'holy grail 'of Canadian financing!



7 Park Avenue Financial :

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







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 Financing : Study Finds That ….. Your Business Needs It!

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Brace Yourself ! Working Capital Financing & Cash Flow Solutions You Can Actually Access

OVERVIEW –Information on working capital financing alternatives for business owners and financial mgrs. The ability to tap successfully into either traditional or alternative finance sources is key to long term success

Working capital financing alternatives are necessary to finance your growth... or if your not growth obsessed just your survival. As our ' study' says - your business needs it. Let's dig in.

Expansion of your business, via increased sales, new order, contracts etc always demands more cash. There are traditional and nontraditional ways for you to achieve business financing success. And quite honestly our clients are realizing that many non traditional forms of working capital are fact become very traditional based on new alternatives available to finance your business.
Cash flow and working capital is being achieved more and more today by financing strategies that were either unheard of, non-existent, or frowned upon in previous years.

Let's recap some of those traditional and non- traditional sources of financing. If you feel you need assistance to understand the wide variety of solutions available for your firm we strongly recommend that you talk to an experienced, trusted, and credible business financing advisor to ensure you have choices.

Those alternatives:

A/R financing

Sr&ed tax credit bridge loans

PO / Contract financing

Non bank full business line of credit facilities

Bottom line? Therefore creativity and access to capital become a priority one for the business owner to get working capital.

We're told that banks are lending again. If you believe that (sometimes we're not quite sure!) that it is very important to focus on business bankers who are actively and aggressively looking for your business.
Bank financing is one of the lease expensive financing areas, but of course it comes with loan covenants, ratios, and personal guarantees. Those very issues are why many Canadian business owners prefer to consider non bank and independent finance company options.

When it comes to banks we'll mention also not to forget the CSBF loan which in our opinion is, bar none, the best business financing in Canada for companies with revenues fewer than 5 Million dollars. (Also called the Govt Small Business Guaranteed Loan program)

As a business owner you can also consider putting new permanent capital into your firm via your own saving, or a partnership with an associate or strategic partner - i.e. supplier.

We also wish to point out that working capital is somewhat of a generic term, and means many things to many people. The text book tells us that if you take your current assets and subtract your current liabilities you have the magic 'working capital 'number.
That's great but the actual number of ratio you get has no real meaning to you. The solution is simply analyzing your receivable turnover, and your inventory turnover in conjunction with your accounts payable demands.

The textbook calls this your cash conversion cycle - but it bring real meaning to your day to day financing needs as it will show you how long it takes for one dollar to flow through your company from order to cash .

At that point you can consider various strategies to improve cash flow based on your operating cycle of collections, inventory on hand, and supplier terms of payment.


Working capital - it's important, it's available - talk to an expert and understand your cash flow options.







7 Park Avenue Financial :

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







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

Commercial Mortgage Financing: Your How To For Owner Occupied Finance !

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Commercial Mortgage Financing For Your Company? This Info Is Your Gamechanger On Finance Success

OVERVIEW – Information on commercial mortgage financing in Canada. The ability to finance a real estate asset has numerous benefits for Canadian business owners

Commercial Mortgage Financing is a challenge , commented one of our clients recently commented. We certainly agree, but there are solutions, options, and strategies for the Canadian business owner and financial manager who invest time to investigate the proper commercial mortgage financing alternative for their Canadian business. Let's dig in!


The 2008 and 2009 financial crisis, (worldwide by the way!) affected every aspect of financing. Many financial people still believe the commercial real estate financing still has the ability to become more problematic. Only time will tell on that one, but in the meantime, if you are properly prepared, and you know which solution you need there are still some great alternatives for Canadian business owners. In the context of our article we are discussing owner occupied commercial real estate.


When clients come to us to discuss their commercial mortgage financing needs they have some very specific needs that can neatly be put into a couple categories -

1. They wish to purchase a building versus their current ' lease ' arrangements

2. They wish to re finance their current premises

3. They wish to re do a first, or get a 2nd commercial mortgage to undertake leasehold improvements, expansion, or finally - to use the additional funds for working capital , cash flow, and other forms of possible debt repayment .

For the last several years, prior to the current challenging environment much transaction could be financed at greater than 65% LTV - By LTV we mean of course loan to value, i.e. how much you can finance against the appraised value of the property.

We are happy to point out that there are some circumstances in which financing for up to 90% LTV, in some cases 100% still exist, but they are clearly the rarity, not the norm.

The greater equity or down payment requirements of course put additional challenges to the Canadian business owner who must give up that equity or alternatively make a greater down payment.

While we find that many of our clients are never totally familiar with all their business financing options we can also state they are even less familiar with their commercial mortgage financing options on their business properties.

That is where it is absolutely recommended that they work with a trusted advisor who had credibility, experience and a track record in this area. Planning also helps by the way, and we encourage the customers who come to us to allow 30-60 days for a typical commercial financing from the point that they walk in our door.

Key information required to assess the best Canadian commercial mortgage financing alternative is the facility description and any appraisal, as well as your financial statements. We find it is of great value to ensure these statements accurately reflect your ability to pay back the new financing.

Therefore cash flow coverage, interest coverage, etc are all key parts of the equation. Naturally if you are leasing premises and are going to an owner occupied facility which you are financing the lease costs you are paying now factor positively into that equation.

There are currently some very solid commercial mortgage financing alternatives, for both first and second mortgages. Each business owner has different focus on their ' hot points ' , whether that be loan to value, simply getting approved, ensuring the amortization is long enough, or even flexibility to pre pay or re finance .

Is it ' easy ' to get commercial mortgage financing in Canada? We would say no, is it possible and very achievable with the right data and advisor - absolutely. The right financing will only enhance your owner occupied facility and ensure you are building business or personal equity.



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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







7 Park Avenue Financial

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 Lending : We’re Hacking Into The Alternative Finance Solution For Cash Flow Without Debt !

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Asset Based Lending - Everything Your Wanted To Know But Were Afraid To Ask

OVERVIEW – Information on asset based lending in Canada. These cash flow and working capital finance facilities can help you fund operations and finance growth

Asset Based Lending - Canadian business owners and financial managers continue not to take advantage or investigate one of the most powerful business financing strategies available to Canadian firms today. Afraid to investigate? Let's dig in.

While asset based lending, or ABL lending as it is sometimes called, is a very common U.S. and European financing tool Canadian business has been slow to catch on and investigate this option.

ABL lending is coming into popularity on a slowly but increasing basis in Canada because it provides your firm with increased liquidity - i.e. more working capital and cash flow! Asset based lending is certainly not the only choice - your firm can be financed by a Canadian Chartered bank line of credit, a single factoring or invoice discounting facility, or possibly by some other mix financing strategies .

When we meet with business owners and talk about why asset based lending is coming into vogue it is our opinion that this is not a fad, but a financing solution and reality brought about by the 2008 and 2009 liquidity crisis in Canada which affected every aspect of Canadian business financing.

New, start up, and even established corporations found it more difficult to get business financing that suited their needs, so, necessity being the mother of invention, Canadian business owners looked to see what was working where! ABL, or asset based lending in Canada is a huge industry, with many market participants. The Canadian market place, similar to other aspects of Canadian and U.S. business comparison is smaller, more fragmented geographically, and a bit less robust.


We strong recommend that business owner's work with a trusted, experienced and credible advisor in this area to map out an asset based lending solution that works best for your firm, as each industry differs with respect to asset based and capital requirements.

We have all heard the term 'perception versus reality 'and asset based lending is a great example of that phrase. By that we mean that many perceptions exist about asset based lending that simply aren't true, or if they were perhaps true once they certainly are not now .

As an example your firm might not be willing to entertain asset based financing because 'ABL 'is simply unknown to many of your business peers. The reality is that many of the largest and most successful organization in Canada, some of them public entities utilize ABL solutions. You'd be surprised!

Asset based lending is clearly an 'alternative financing 'form for your business liquidity. Many customers view the word 'alternative 'as a negative statement, which might infer financial problems etc. ABL should simply not be viewed in such a negative way. If your Canadian firm had an asset based financing facility that gave you more working capital, greater cash flow turnover, less restrictive covenants, and competitive pricing would you view that as a negative? We clearly don't think so!


In summary, investigate asset based lending for your firm as an alternative long term source of working capital and cash flow. Work with a dependable and experienced advisor to structure a facility that meets your working capital needs.

You might quickly find that other firms in your industry and your competitors start to realize that your firm differentiates itself in a very positive manner based on your new financing facility - i.e. access to more working capital, better relations with suppliers, ability to finance more inventory and receivables and grow your business. ABL - investigate and inform yourself of the possibilities.


7 Park Avenue Financial :

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

http://www.7parkavenuefinancial.com



Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







7 Park Avenue Financial


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 Lending : The Only Business Credit You Might Ever Need?

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Why an ABL Solution might be your Cash flow Saviour!

OVERVIEW – Information on asset based lending solutions. The challenge of proper business credit is many times solved by the ' ABL ' solutions available in alternative financing

Asset based lending. The only business credit tool your firm will ever need?

It's possible, and we've seen it work all the time. How could one type of business financing, i.e. asset based lending, be the only business credit tool our firm will ever need? Let's dig in.

Many of our clients want to discuss t non-bank alternatives to cash flow and working capital challenges. In most cases one type of Canadian business financing is not necessarily going to do the entire job you need - Except..! Except when it’s an Asset based lending solution for business credit.

'ABL' is sort of the new kid on the block - it’s vastly popular in the U.S. and rapidly taking off in Canada, some say in fits and starts, which is partially due to the entry and departure of various firms that dominate the market.

ABL, which is our acronym for the solution can be tailored very specifically to be the total one stop financing solution your firm needs. The two greatest dynamics of ABL is that it offers your business more credit availability (isn’t that what it’s all about) and at the same time can be customized to your industry and specifically, your company!

In its purest form is simply putting in a customize loan facility to allow you to draw daily against the value of your receivables, inventory, and in many cases fixed assets and real estate. It’s kind of the business version of a home equity line of credit we like to explain to clients!

But wait a minute, clients say, isn’t it exactly what a bank does. Well, yes, and absolutely no! Conceptually it is still the same, but the asset based lending business credit facility focuses solely on the assets, so you will rarely , if every hear terms such as rations, covenants, outside collateral, personal guarantees, etc in the context of an ABL solution .

So is it the right financing tool for your firm - we'll let you be the judge of that. But if your firm required a working capital and cash flow revolver in excess of 250k and you have some financial challenges you are immediately a candidate. Oh and by the way, you absolutely need to have receivables, inventory and fixed assets to get this type of facility, that’s really the main premise.

Typical candidates we work with all the time have margin pressures, they don’t have the business financing in place to support sales growth and new orders, , or they have some real business and balance sheet issues revolving around restructuring, turning around, coming off a bad year, receiving a mega contract, etc ..

If that sounds like you we can assure you that you're a candidate for asset based lending business credit.

The benefits? Greater cash flow, no covenants or ratio maintenance, and the ability to take advantage of opportunities otherwise not available.

So is it the be all and end all financing solution? Only you as a Canadian business owner and financial manager can decide - so speak to a trusted credible and experienced business financing advisor to see if this type of business credit is for your firm.



7 Park Avenue Financial :

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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .







7 Park Avenue Financial



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