Business Financing In Canada : Made To Measure Loans & Corporate Finance Solutions For SME Businesses

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A Whole New Way To Look At Business Financing In Canada – The New Normal ? !

OVERVIEW – Information on business financing in Canada. Info on what’s new and what hasn’t changed on cash flow and corporate finance loans and funding solutions for small, medium and enterprise companies

 

Business financing in Canada would be a lot easier if your company had a ' made to measure '

solution for the loans and other corporate finance solutions needed to allow a business to survive and grow.

There just might be a whole new way to look at that challenge, in effect a whole new landscape in the capital and funding model you need to run your business. Let's dig in.

That business finance landscape we mentioned is in effect the solutions that are populated by either traditional bank financing as compared to the newer forms of alternative finance solutions. Most new firms look to banks initially to fulfill their loan and cash flow needs. That naturally brings a bit of challenge to the table, given there is a higher risk profile generated in any business that is either new or growing too quickly. (Faster growing businesses use cash, that don't generate it!)

So how does your company address that gap as your business moves from start up to growth to mature? Along the way there will be either temptation or necessity to either take on more debt, or even to sell or merge the business.

One excellent way of addressing the challenge we discuss here is to ensure you're focused on the right timeline in your overall capital and cash flow structure. The ability to avoid times when borrowing has to become ' urgent ' necessitates the need to take on debt and monetize assets when the time is right. As the economy vacillates between strong, weak and crisis the owner/financial mgr challenge is to focus on loan and working capital solutions that are right for the times.

One top expert describes the ability, or should we say ' inability ' of Canadian firms requiring SME COMMERCIAL FINANCE solutions from Canadian chartered banks as, to put it mildly, ' constrained!

How then does the owner/financial mgr address the banking constraint - simply speaking, accessing all the loans and credit line solutions offered by the banks?

Answer? New alternative financing solutions often previously either disregarded or, even worse, unrecognized as being available.

Those alternative solutions? They include:

A/R Financing / Confidential Receivable Financing

Asset based business credit lines

Sale Leasebacks

Govt Guaranteed Small Business Loans (new cap = $ 1,000,000.00)

Tax Credit Financing (primarily SR&ED)

Inventory Loans

Equipment Leasing

Software/Technology Financing Solutions


If your firm is looking for a new way to measure finance needs and address the new ' normal ' in Canadian Business Financing seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in tailoring the right solution or combination of solutions that make sense for your business.

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 - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com

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

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


Stan Prokop

Business Financing In Canada : Tailor Made Loans & Cash Flow Solutions For Business Solvency

Saying Goodbye to Business Financing Concerns

OVERVIEW – Information on business financing in Canada . Cash flow success depends on loans and asset monetization solutions that help guarantee cash flow solvency

The Business financing search made by owners and financial mgrs of Canadian firms works best when solutions are ' tailor made ' for their needs. The right solutions usually creates short and intermediate term solvency via loans and asset monetization funding that works. Let's dig in.

It's often difficult to see the ' big picture ' in your overall business finance picture when short term ongoing cash flow challenges persist. But how do you know how well you're doing compare to the competition - We're quite sure owners/mgrs often wonder how their competition is taking on bigger contracts, or who seem to be enjoying great relations with vendors and suppliers.

What then are the key criteria that help a business understand its finance needs? It should be no surprise also that different industries require different types of finance solution focus.

Small firm, large firm, medium sized firm - no matter what size your business might be it's all about knowing your working capital position - Here positive is better ! , and your ability to keep current assets such as receivables and inventory turning , while managing payables and short term loan obligations is key .

KEY POINT -

Always remember that when your working capital accounts are growing you're consuming cash, not generating it!

Next in line on the business assessment barometer is your overall debt situation - when your business has too much debt its unable to properly leverage additional returns while managing the risk that comes with debt.

When you think of ' cash ' in your business remember it's not simply a focus on ' cash in bank ' which usually isn't a lot anyway when it comes to SME COMMERCIAL FINANCE needs. A lot of top experts maintain that at most firms in the small to medium size enterprise sector in Canada carry only about 10-20% of their current assets in their actual cash position.

Your ability to finance current assets properly via a bank credit line is key generating borrowing from your sales revenues. For firms that can access all (or any?!) bank credit asset based lines of credit are readily available. They give you maximum working capital borrowing power.

Other ways to avoid the liquidity trap include checking our solutions such as:

Sr&ed tax credit financing

Equipment financing (minimizes cash outlays for newly acquired assets)

PO financing

If you're looking for ' tailor made' loans and finance solutions for your company seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you on the quest for solvency .


Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com

7 Park Avenue Financial

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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


'

Canadian Business Financing with the intelligent use of experience '

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

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


Stan Prokop

Business Financing : Maximizing Cash Flow Via Alternative Loans & Tax Credits

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The Hidden Gems Of Canadian Business Financing

OVERVIEW – Information on business financing in Canada. Working capital and cash flow can be enhanced via use of a gov’t loan, alternative loans & SR&ED tax credits – Here’s how and why

Business financing success in Canada might well come from finding some of what we call the ' hidden gems ' of loans and other financing options. Even the govt via tax credits under the SR&ED program or gov't guaranteed loans might well become your best friend when it comes to business finance success. Let's dig in.

Two of Canada’s government sponsored business finance assistance programs are the farthest thing from handouts you can imagine. Canada's SR&ED program for R&D is a solid tool for recovering your R&D capital. In many cases anywhere from 30-40% of your entire research budget can be recaptured via a refundable tax credit.

Even better news is that this tax credit can be financed via a bridge loan while you wait for your refund to be approved and arrive. It’s no secret that many of the thousands of firms who received billions in refunds every year take advantage of SR&ED loan financing.

One other ' hidden gem ' for start up and early growth companies requiring SME COMMERCIAL FINANCE solutions is the govt sponsored Guaranteed Small Business Loan. It's very accessible and is geared toward financing 3 asset categories - equipment, leasehold improvements, and finally real estate. While not often used to finance real estate thousands of firms do in fact finance their fixed asset and leasehold needs via this program. One of the main ' users' of the program is entrepreneurs wishing to start or purchase a franchise business.

The Govt small business loan is NOT a handout. It's not a grant. But what it is provides a flexible term loan with great interest rates and flexible terms and amortizations. It even can be repaid without penalty - which even other traditional financing methods don’t allow.

What are the approval criteria for SR&ED loans and the Government SBL loan that we've described? In the case of the SR ED program you simply need to file your claim with your yearend financials. Claims are typically 'written up ' via SRED consultants who specialize in maximizing your claim under the program. Naturally your R&D capital investment spend under the program must be well documented when it comes to actual expenditures and monies paid/spent.

As far as the Govt SBL loan is concerned very typical lending criteria apply. Business owners must have reasonable personal credit and be able to provide a business plan and cash flow that assumes some realistic repayment of your loan. Invoices or quotes from suppliers on leaseholds and equipment you intend to finance also helps.

Our two ' hidden gems’ , the SR&ED program and Canada Govt Guaranteed business loans can be complimented with numerous other finance solutions. Those include financing under:

A/R financing

Inventory Loans

Equipment Leasing

Non bank asset based credit lines

P O financing

etc.!

If you're focused on understanding all the finance solutions available to your company seek out and speak to a trusted, credible and experienced Canadian business financing advisor.


Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com


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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '


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

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


Stan Prokop

Cash Flow Solvency In Canada : Solve Your Liquidity Problem Via These Business Financing Loans & Asset Monetization Strategies

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Why We’re Hooked On Business Cash Flow : The Answer: Solvency !

OVERVIEW – Information on cash flow solvency solutions . Canadian business financing loans and other solutions help prevent a liquidity crisis- Here’s why and how

Cash flow solvency is a top priority for business owners/financial mgrs in Canada. No secret there, but how in fact do owners and managers solve the liquidity challenge your firm faces pretty well every day. Let's dig in.

When it comes to solvency it's all about ensuring you have access to the right business financing solutions for the long haul. So it's really all about being able to assess on an ongoing basis where your company stands in terms of generating enough cash to meet your short and long term needs. Many of those solutions believe it or not are ' internal ‘; but at the end of the day most businesses selling to other businesses require external financing for day to day operations and ensuring investments in new equipt or technology .

Firms that are achieving the right amount of cash flow are in a position to potentially take on more, i.e. increasing their leverage. Start ups and early stage firms are often the most vulnerable when it comes to making it successfully. That's the time when capital sources are most critical. Job #! In earlier stage or in fact faster growing companies is simply daily operational financing.

What are some of the financing solutions available to start up/faster growing companies that give your company a competitive advantage in the game of business survival? They include:

A/R Financing solutions - (Confidential Receivable Financing/ factoring/ Securitization)

Inventory Loans

Purchase Order Financing

Business Lines of Credit - Bank

Business Lines Of Credit - non -bank commercial asset based credit lines

Sales/Royalty Financing

The one key point that we often make to new clients we meet is that firms that are in fact more financially challenged these days do in fact have more solutions than they ever have in the past . It's in fact the rise of alternative financing for firms that are challenged with generating profits or for those that have balance sheets that we can all ' out of whack ' or ' upside down '.

Many companies that are fast growing and seemingly successful (generating profits on paper at least!) soon realize they don't have the lending support for long term success. Now is the time to consider cash solutions from all sources, most often via credit lines. Metrics you should be watching all the time include your overall debt situation, asset turnover in receivables and inventory, and available working capital.

There's no better time than now to get ' hooked' on business cash flow solvency via loans and asset monetization facilities that make sense for your firm. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in loans and other solutions that solve your liquidity challenge.



Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com

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

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com

' Canadian Business Financing with the intelligent use of experience '

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

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


Stan Prokop

Business Financing Solutions In Canada : Your Capital & Funding Fix Just Might Be In

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Are All Business Financing Solutions For New & Growth Businesses Equal ? We Think Not !

OVERVIEW – Information on business financing solutions in Canada. Funding options vary according to the type of capital you need and whether traditional or alternative financial options are available

Business financing solutions in Canada clearly demonstrate that the types of loan and cash flow financing you need are clearly not equal in value and accessibility to business owners and financial mgrs. Here's why. Let's dig in.

Many different types of business finance solutions exist - the challenge revolves around your ability to ensure you're pursuing the right type of loan or cash flow financing solution.

Many business owners/entrepreneurs aren't familiar with the Canadian govt small business loan program. We can call it the ' bread and butter ' in terms of the phrase ' government loans'. Clarification is required here because it's not the gov't that actually funds the loans, it's Canadian banks with the loan guarantee in place from the federal gov't.

For Canadian business owners timing is pretty well ... everything! That’s why with careful preparation of your submission a loan can be approved in a matter of days

Getting back to our theme of ' timing is everything ' an even more accessible solution for owners/mgrs is the working capital term loan. Often provided on an ' unsecured ' basis these loans are based primarily on the cash flow within your business bank account. There is a lot less paperwork required and funding can occur within days.

Many businesses, particularly in the SME sector (small to medium enterprise) require purchase order funding solutions when they receive orders and contracts far in excess of their normal financing capabilities. P O Financing allows companies to access new markets and larger customers, enhancing revenue growth. Most times even international orders of almost any magnitude can be financed if your firm has a qualified buyer and a legitimate supplier.

Those govt loans we referred to, specifically what most folks call the ' SBL ' program only finance two asset categories - equipment and leaseholds. Because of that most firms also require a business credit line, in some cases called an ' ABL ' line. These revolving facilities are provided by traditional financiers such as banks, and, somewhat unknown to most, commercial finance companies often referred to as 'asset based lenders '.

What information is required in order to assess your firm’s qualifications under most types of financing? It's not as complex as it might see. Traditional applications often include just financial statements, but can also be augmented by a business plan or cash flow forecast.

In all cases you should be prepared to demonstrate the type of collateral that requires financing (which might include just your sales), mgmt experience, and a solid understanding of how loans or cash flow facilities will be repaid or revolve

So yes, it’s true, not all business financing solutions are equal when it comes to benefits or qualifications. Seek out speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
to determine your exact needs and potential solutions.


Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com

7 Park Avenue Financial

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

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

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

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


Stan Prokop

Government Small Business Loan Financing In Canada : We’re On The Trail Of Govt Loans

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Time To Explore Govt Business Loans In Canada ? Spoiler Alert : They Are Guaranteed By The Government!

OVERVIEW – Information on government small business loan financing in Canada . Govt funding for these loans is guaranteed , making these loans accessible to startup and growing firms with SME COMMERCIAL FINANCE needs . Loans up to maximum $ 1,000,000.00 are available for specific asset categories

Government small business loan financing in Canada should always be explored when your growing (or new) business requires external financing. But do you qualify and what exactly is the application process? We're answering those questions, so let's dig in.

Why then are govt guaranteed loans so attractive to many owners/entrepreneurs? The main reason is probably that it's an effective way of raising capital to build, grow, or buy a company. Simple as that.

Why does the govt, via ' INDUSTRY CANADA' sponsor this program? Simply speaking it's all about providing financial backing for economic growth. Andy by the way, large companies, or public companies need not apply. Small to medium sized enterprises run the economy - there's no debate about that - so that loan guarantee from the government is a valuable part of the economy.

But aren't there other alternatives to raising capital in Canada? Yes there are, but our Canadian chartered banks are more than reluctant to fund smaller start ups or businesses that have not fully matured and don’t have the profits, cash flow and collateral demanded by the banks.

We mention by the way that many entrepreneurs finance franchises through the program as it's an effective way to buy the business. Additionally any other business can be purchased through the program if the fundamentals qualify.

The program only finances two asset categories, three actually when you include real estate, although in our experience most firms finance their land and buildings through conventional commercial mortgages.

So what then does the program finance? Answer: Equipment and leasehold improvements. Simple as that.

It gets even better when you understand the flexibility and structure of the program. Rates are very competitive, prepayment options are provided, loan term flexibility can be up to 7 years, and only a small portion of the loan must be guaranteed by the owner/owners.

The government provides a loan guarantee to the Canadian chartered banks who administer the program. Hint: It's important to find a good banker who is familiar with the program. We've spent a lot of time doing that!

Qualifications for the program - owner reasonable personal credit history, a minimum down payment/equity component to the loan, a business plan and cash flow, and a proper use of the funds for the aforementioned two asset categories - equipment and leaseholds.

Is it time you explored the program? Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can ensure you're ' on the trail ' of the govt small business loan program.
P.S. The new loan cap is $1,000,000.00 so we're thinking of using the word ' small ' a lot less these days!


Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com


7 Park Avenue Financial

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

Direct Line = 416 319 5769


Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com

' Canadian Business Financing with the intelligent use of experience '

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

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


Stan Prokop

Cash Flow Sources In Canada: The Best Working Capital Finance Solution?

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Finally! Putting Cash Flow Solution Sources Concerns To Bed

OVERVIEW - Information on cash flow sources in Canada. The best working capital finance solution is a combination of internal operating efficiencies and understand and accessing true corporate solutions that fund current assets

The working capital finance solution for your business is all about ' quicker access' to cash flow sources. The challenge? Where to find those solutions and which work best for your company? Let's dig in.

The fuel for your firm’s survival and growth is of course cash flow. It covers operating expenses and positions your business for growing sales/revenues.

There are of course a number of external methods to raise cash that are in our opinion more closely related to owner personal financials - for that reasons they are not on our ' highly recommended ' list . They include
family and friends loans, collapsing personal investments, reliance on credit cards, collateralized home mortgages. Etc. Again, they all deliver but with a heavy reliance on owner commitment. Naturally the main reasons businesses incorporate is to minimize personal risk, not add to it. Enough said.

Many businesses have existing assets that can either

be sold

be refinanced (via sale leasebacks, etc )

The sale lease back option is in fact a very viable permanent working capital solution for any business.

We've often referred to internal methods to enhance cash flow - they should not be forgotten - they include: getting deposits from clients, deferred payables to the extent you can.

The true essence of working capital in your business always comes back to both receivables and inventories A/R financing, often called ' factoring ' is the poster boy model for a cash flow solution. The ability to cash flow your sales as you generate them has a huge appeal to the thousands of Canadian businesses that utilize this method of financing.

What many business owners/financial managers don't understand is that the actual cost of A/R financing, if you're collecting your receivables promptly is in the 1 - 1/5% ranges.

If your firm has good A/R turnover and decent gross margins that's a small price to pay for virtually ' unlimited' cash flow. By the way, our recommended solution is CONFIDENTIAL RECEIVABLE FINANCING, allow businesses to bill and collect their accounts receivable, fund them, with no notice to any customers, suppliers, etc.

By the way, large and successful corporations utilize this method of financing too - in some cases they dress up the name and call it ' securitization. At the end of the day it's still a sales financing solution.

If you're focused on ' cash flow success' seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can put those working capital worries ' to bed'!

Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com

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

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

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

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


Stan Prokop