Asset Based Lending Is Great News For Your Business : Here’s Why !

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Have You Figured Out Asset Based Lending Yet ?




OVERVIEW – Information on asset based lending facilities in Canada . These credit facilities monetize your business assets and provide valuable cash flow and working capital

Asset based lines of credit - Canada is catching on quickly to a new breed of financing facility that has been in existence in the U.S. for a number of years. Whether your firm is relatively new, large or small, you have the option of looking at an asset based line of credit as an alternative financing facility in Canada. Let's dig in.


Part of the reason that asset based lending - more commonly called ' ABL ' has caught on in Canada is the current state of commercial business banking and in Canada and the access to liquidity challenges that many firms face in the post 2010 business environment

When your company has significant assets tied up in accounts receivable, inventory equipment, and sometimes real estate you want to ensure you are financing them at optimal levels for both survival and growth.

Although the basic financing concept is new ABL has been prospering in the U.S. for a number of years - Canadian firms compete with U.S. ABL lenders in our own business financing marketplace

As we noted some of the largest corporations in Canada utilize this type of financing, but the demand for ABL probably grew more out of the need for smaller and medium sized firms in Canada - let’s say with revenues under 20 Million dollars - to get the operating financing they need .

The benefits of asset based lending seem very obvious to Canadian business owners and financial managers. The financing revolves totally around assets, and places only a very small reliance on debt to equity ratios, operating ratios, cash flow coverage, etc.

When Canadian businesses cannot satisfy their bankers on the above ratios and loan cash flow coverage they view ABL as an alternative financing solution. We would point out that ABL financing, similar to any other commercial financing, is not a solution to a firm who is in a death spiral - years ago ABL had the taint of a 'lender of last resort '- that is categorically not the case now, and is utilized by firms who want to maximize operating and working capital financing but cant in many cases satisfy all Canadian chartered bank requirements.

The typical scenarios under which a firm considers an asset based lending arrangement are:

Growing very quickly - in high growth mode

Expanding into new markets

Merging with another firm

In 'Special Loans 'now and wishes alternate financing

We can't over emphasis the before mentioned point about financial statement characteristics - Asset based lines of credit focus solely on assets, that is where the liquidity and the operating facility works at its best . In many cases firms which have previous financing arrangements can significantly increase their credit availability by switching to an ABL line of credit.

Our firm worked with a firm who was in Special loans with a chartered bank, they had an original line of credit of 750,000.00 - the bank cut it down to 500,000.00 and also put the customer into Special loans category. We originated an asset based line of credit for 1,000,000.00 based on the firm's receivables, inventory, equipment and real estate. The customer utilized the ABL for about 18 months and then migrated back to commercial chartered banking arrangements with another bank. That story plays out over and over again in Canada.

Asset based lines of credit – Your mission , should you choose to accept it? Investigate this unique financing option and work with a trusted business advisor if the solutions meet your working capital needs.



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

Cash Flow & Working Capital Solutions In Canada : Solve Those Heart Stopping Business Challenges For Business Financing

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Your Business Has Cash Flow Problems : We Know Why And By The Way..

Here’s Some Solutions!

OVERVIEW – Information on working capital and cash flow financing solutions in Canada. Knowing how to both calculate and address business finance funding needs is key to long term financial success and health for your company

Working capital and cash flow solutions are recognized by business owners and financial mgrs as critical to long term success of their company. But how does the owner measure the needs and affects of a growing business as it pertains to finance pressures? Let's dig in.


The method by which the largest corporations in the world, and a small company measure collection activity, is called DSO, or 'Collection Period'. DSO stands for DAILY SALES OUTSTANDING.

Business owners can calculate this number very quickly, and we recommend it be done regularly, typically monthly, quarterly, and certainly annually. It's a great business measurement of your success, and lenders also focus in on this number also.

How is the DSO calculated? It's an easy calculation, as follows:
Accounts receivable / average daily credit sales
The answer is expressed in days - e.g. 'Our DSO is 40 days’

Again, we emphasize this is the traditional measure of success in monitoring a company's investment in accounts receivable. In our above example we said the DSO number was 40 days.

So what? Is that good or bad? Well, we benchmark against our selling terms. A great portion of industry revolves around payment terms to customers of 30 days. (We can hear most business owners saying 'I wish..."!) If our customers, on average are paying us in 40 days, and our terms are 30 days, you can see there is a ten day additional carrying of accounts receivable.


So the bottom line is that the longer the DSO the more focus management has to pay on account receivable collections. Business owners know all too well bills and employees are paid with cash, not profit!

In most businesses as sales go up many financial controls go down. That's unfortunate of course, but the fact is that many firms that have explosive sales growth tend to de-focus on DSO, as that measure is masked by sales growth and profit. Management and sales personnel are often favoring loosening credit standards to meet revenue and profit goals.

We point out that the DSO calculation is a reflection of one point in time - that's why it is important to monitor the overall trend of DSO on a longer term basis. Naturally all good businesses age their receivables, so they know how old they are and focus on past due accounts. When a company selling on 30 day terms has a significant investment in 60 and 90 day receivables we can very accurately predict that DSO quality is declining.

Naturally in difficult and recessionary times everyone is holding onto cash longer, and only management can focus on specific actions such as improving collections.

Numerous ' external' solutions are available to your company to fund cash flow needs - They include;

A/R Financing & Factoring

Inventory Finance

Non bank asset based lines of revolving credit

Bank credit lines

Tax Credit Financing

PO Finance


Bottom line? Focus on DSO improves working capital and overall business cash flow - so it's a valuable asset in any owners 'financial toolkit 'to working capital improvement.




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

Securitizaton - Just The Facts

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Can Someone Please Explain 'Securitization' to Me?

Securitzation is a financing term that is not commonly used by the average finance person, let alone the average lay person who has no detailed knowledge of business financing and alternative financing. The term ' securitization' became increasingly well known during the financial and liquidity crisis that the world experienced in 2008/2009. We discovered that one of the main causes of the world wide financial collapse was, in effect, the securitization and marketing and sale of mortgages.

Securitization is an alternate form of funding for corporations. When it works well it is an excellent source of funding for many organizations. Securitization is a form of structured finance.

How does it work? A company or organization takes certain assets that are desired by various investors. These assets are most typically receivables, contracts, car loans, credit cards, mortgages, etc. The quality of these assets is key in the entire securization process. We watched the financial world fall apart when people discovered those securitized mortgages that were bundled in the United States had a very low credit quality.

One of the reasons investors like securitized assets is that the risk is spread among hundreds, probably thousands of different borrowers. This diversifies risk. We continually here how one needs to diversify to control risk, whether in business or in our personal financial affairs. The cash flows that come out of that pool of assets backs up the quality of the investment by the buyer of the securitized asset.

For a transaction to be properly securitized there has to be a strong level of predictability in the repayment of the loans, leases, mortgages, etc.

How are Securitizations structured? The assets become known as a' pool 'of assets. Financial analysts or the credit rating agencies ( Standard & Poors, etc ) assign a credit rating to this newly created SPV. ( Special Purpose Vehicle ). Investors buy this pool of assets because they theoretically understand the asset quality and the risk. There are many subsets to the risk which we wont cover in our article - for example concentrations of assets or customers, etc

The pool of assets is usually ' serviced ' by the seller. He collects and maintains the portfolio - of course it has he who also created the portfolio of assets. The ongoing collection of the portfolio flows back to the investors who purchased it.

Securitization has become more and more popular because it has provided great liquidity to the financial markets.

In summary, the securitization flow chart is as follows:

A seller creates the assets

A SPV is formed around those assets

Investors purchase the SPV

A trustee monitors the flow of cash, collections, etc.

Of course as one can imagine all sorts of lawyers, accountants and financial analysts have a healthy hand in various aspects of the above process flow!

The benefits of securitization can be summed up as follows:

* It provides cash flow to many companies who would otherwise have to wait years for customer payments, etc
* Profits from the sale of the pool of assets allow a company to grow and create more assets
* When properly structured there are certain balance sheet enhancements - i.e. the company selling the pool gets cash but does not take on debt.



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

Equipment Financing : The Solid Financing Alternative For Canadian Business

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Anxiety Attack When It Comes To Acquiring Business Assets? Problem Solved !

Leasing Equipment in Canada continues to be a major source of Business financing for Canadian business owners and financial manager. Many hundreds of millions of dollars was invested during the past year in plant equipment, computers, software, and other capital assets purchased by Canadian firms who are optimistic about the future.

The average Canadian cannot probably fully appreciate the breadth of assets that are financing by leasing companies in Canada. From aircraft, to computers, to office equipment, to mining and plan machinery, if it was a revenue producing asset Chief Financial Officers, business owners, and operations mangers all probably considered lease financing as an alternative to purchasing the asset outright.

There are many accounting and financial aspects to lease financing in Canada. Capital leases , which are leases presuming your firms ownership of the asset are recorded on balance sheets, operating leases are buried deep in the footnotes of your firms financials – in those cases you are using the asset with , generally speaking, no intent of owning the asset. With changes forthcoming in world wide accounting treatment of leases more and more firms seem to be opting for capital lease transactions.

One of the major beneficiaries of lease financing is IT leasing, aka computer leasing .As the Canadian economy continues to slowly improve after a somewhat disastrous 2008 and 2009 more and more firms are upgrading computers and technology . It is not surprising that in one of the fastest areas of ‘asset aging ‘, i.e. computers that more and more firms wish to upgrade assets.

When we start to consider the huge amount of capital expenditure that is involved in purchasing computers it makes perfect sense that business owners, ‘ IT ‘ managers, and chief financial officers reflect on lease financing as a solid solution for this asset class. Although computer and other related technologies (i.e. telecom) continue to drop in price and provide more performance at the same time the current low rate environment, in addition to cash flow savings, make lease financing a strong business financing choice. As we have said many times in the past, as a general rule you want to use a computer, not own one.

In many cases it is the manufacturers themselves that provide major incentives for the customer to finance technology via the equipment lease. This makes sense of course given they retain a certain amount of account control and influence on future purchases and upgrades.

Naturally prudent business owners and financial mangers will want to ensure they clearly understand the lease rates, their ability to purchase, upgrade or return the equipment, as well as having a solid knowledge of any hidden fees with respect to maintenance, returns at end of lease, etc.

Canadian business owners who place a strong importance on understanding all their financing options with respect to asset financing and leasing should ensure that they retain the services of a trusted an experience lease advisor who can ensure they will receive optimal rate, terms, and structures in their asset financing needs .



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

Receivable Financing – Canada – 2 Things You Need to Know

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Your Business Cash Flow Not All Kittens & Rainbows ? Here's Some Solutions

OVERVIEW – Information on receivable financing in Canada. Factoring and full asset based lending solutions provide you with the cash flow and working capital your business needs when traditional capital isn't available

Receivable Financing in Canada is fast becoming a mainstream financing strategy for Canadian business owners and financial managers. That's because, as we have hinted cash flow for many companies isn't all kittens and rainbows! We've got some solutions, so let's dig in.

In talking to clients they are concerned about two key issues around this innovative financing method. Those two key issues are:


How does it work?

What are the Costs?


We firmly believe that if you understand those two critical points then your firm is in a position to benefit from receivable financing and Canadian factoring solutions. And those benefits are significant and quite clear.

They include your peace of mind as it relates to business financing, since factoring facilities grow with your business and are unlike pre-set bank credit lines, etc .

Also, many business owners confuse a factoring (also known as receivable discounting) with a loan. Let us be clear - Factoring is not a loan! There is no additional debt on your balance sheet, and there are no monthly repayments. In fact the overall optics of your balance sheet actually improves.


Time is money as the Canadian business owner well knows. Factoring or receivable financing in Canada works quickly and efficiently (When you have chosen the right partner and the right type of facility). Once the initial set up process is completed, usually in a week or two the facility runs itself at your discretion. You in effect have taken complete control of your cash flow. Slow paying clients can now be monetized immediately, i.e. the same day, into valuable cash flow and working capital.

So, A/R Finance and, to our point #1 - How does it work?!

Factoring or receivable financing is simply best described as the short term sale, or 'discounting 'of your accounts receivable. You generate cash, at your option, on the same day that you generate an invoice for a sale and delivery of product and services to your client base. In Canada most customers and industry players use a 'notification model 'when they implement a receivable financing solution. That simply involves the factor firm confirming your invoices with your client basis after you have provided invoice back up to the finance firm.

That system works, but quite frankly we firmly believe the best factoring or a/r financing solution is one in which you run your company, not the factor firm . So we strongly recommend to clients that when they have an A/R base over, say 200k per month that you consider a facility where you are billing and collecting your own receivables, but still enjoying all the benefits of factoring.


Critical Point # 2- What does factoring, A/R finance, cost? Actually it's zero per cent financing. Don't believe us? We are being a bit facetious, but the reality is that the receivable financing industry in Canada does not express of calculate factoring costs via an annual per cent age rate.

The problem lies in the fact that customers do in fact look at it that way .We have actually demonstrated too many customers that the true cost of factoring is actually zero or less than bank financing in many cases.

Why is that? If you factor your receivables, get cash the same day, buy more inventory with that cash, negotiate a better price with suppliers with that cash, and then repeat the process over and over we can almost guarantee you, depending on your industry and A/R turnover that receivable financing can become a profit mechanism for your firm.

That's certainly clears up a lot of the 'negative 'things you have heard about factoring, its costs, etc.

Speak to a trusted, credible and experienced business financing advisor on the benefits of factoring, how it works, and how financing costs can be controlled and reduced. That's true cash flow and working capital financing for Canadian business.


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

SR & ED (SR ED) Financing / Factoring In Canada

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Sr&ed Program - Going Going ..Who Knows : SR&ED Financing - Here!

OVERVIEfW – Information on the financing of refundable tax credits in Canada. The SR&ED program provides valuable capital to businesses investing in r&d capital programs - SR ED Bridge loans make sense - here is why !

SR&ED refundable tax credits are in the news a lot these days. Things seem to be always changing, sometimes in a big way, sometimes less. The one constant? SR&ED Financing ! It's always there - always available. Let's dig in.

Top experts tell us that in the last 7 years payouts on SR&ED claims have reduced by over 5 Billion dollars - suffice to say billions are still being paid on thousands of current claims. The gov't seems to be asking anyone with interest to provide guidance on the future of the program.


Business owners hate uncertainty. Who doesn’t? The one constant in SRED? Cash Flowing Your Claim!

SR & ED (SR ED) factoring is a viable consideration for any Canadian company that files SR ED claims and is looking for additional working capital. Not all Canadian business owners and financial managers are aware that SR ED claims can be monetized (financed!).

For an overview of SR ED financing it’s important for us to validate some of the basics -

- Have you filed a SR ED CLAIM?

- How much was the dollar amount of the claim

- Who prepared the claim?

- What amount of cash or working capital do you need in conjunction with the claim filed?

If you are looking for cash flow with respect to your Canadian SR ED claim you either have working capital financing in place now with your bank or finance firm (a factoring company perhaps) or your firm is self financing and you are looking for the SR ED to supplement additional cash flow.

Canadian business owners and financial managers are aware that when they finance their receivables and inventory these ' current assets ' are' margined ‘. By margining we of course mean the amount of funds you can borrow against these assets.

In SR ED financing you are generally financed 70% of your claim, and that is the combined total of the Federal and Provincial claim.

So if you have filed a SR ED claim, of say, for example, $ 350.000.oo you are eligible for 70% of that amount, or 245,000.00

Funds can be advanced as soon as you have filed the claim, but not before. Naturally it is somewhat important to ensure your claim was filed by a qualified party - usually an accounting firm or consultant. It's these consultants that are in the field daily on the program, wresting with all sorts of changes around Form 4088! ... Defining and backing up your project.

SR ED financing is outside your normal current financing arrangements. The SR ED is collateralized separately - it is in essence a short term working capital loan that is repaid when the government sends you your chq, Most Canadian business owners do not want to wait, 3, 6, 12 months of more for a cheque for a substantial amount that is in effect a non repayable grant from the government. The Canadian government continues to pour well in excess of a billion dollars into the program, and if your firm qualifies for a SR ED claim -

1. Why wouldn’t you use the program?

2. Why wouldn’t you accelerate the cash flow from the grant by financing your SR ED claim?

SR ED financing is a boutique small industry in Canada - business owners are cautioned to work with a qualified, credible, and experience party who will ensure they are maximizing financing capabilities under the program.

In summary, Canadian firms who are eligible to file a SR ED claim. should do so. What firm would not want to receive a cash non repayable cheque from Ottawa! If you can wait for the funding, and don’t need additional cash flow, great, if you wish to arrange interim financing for your claim enlist the services of a trusted and credible SR ED financier. In a matter of a couple of weeks your working capital and cash flow will be augmented vis a vis your SR ED financing. SR ED Financing and factoring - a great Canadian alternative financing strategy.


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