Asset Based Finance : Here’s Your Hall Pass On Business Credit Lines

The Perils Of Perception In Asset Based Business Lines Of Credit




OVERVIEW – Information on business credit lines in Canada. Whether it’s the bank or asset based loan it’s critical for owners/managers to understand the positive and negative implications of each type of revolving facility

Business credit lines , we've found, come with certain ' perceptions' from business owners and financial managers in Canada. There are some dangers in those perceptions.

Let's dig in.

A business revolving credit line actually comes in a couple different shapes and sizes - and the differences between bank facilities and other commonly used financing methods are significant. So how about a ' hall pass '

on our subject. We'll look at the typical use of these facilities, who qualifies for what, and how they are structured in terms of collateral and security. Along the way you'll see there are some benefits and disadvantages from each type of facility, as well as some major cost differences.

Revolving credit lines are a specific type of secured financing and are directly related to the current and fixed assets of your business. Although Canadian chartered banks typically lend against receivables and inventory ( mostly receivables actually ) an Asset Based Lender has the ability to bundle a/r, inventory, and even your fixed assets into one asset base you can borrow against on a continuous basis . That's one of the key differences between a bank line and a credit facility

Credit facilities are available from either a bank or commercial finance firm for almost any size, and no firm is really ineligible - every industry really qualifies and that includes mfg firms, distributors, service firms, and technology related industries. Firms that sell on an all cash basis rarely qualify for bank or asset based credit lines unless they are large retailers where the financed asset is the inventory.

If there is one simple way to view the difference between a bank credit line and an ' ABL ' solutions it's simply the difference in how each of those two lenders looks at it. One is cash flow based (‘the bank ' )

and the other is asset based. (‘the asset based ABL lender').

Asset based lending focuses on the constant ebb and flow of turnover of assets - in almost every business there's a certain ' rhythm ' in that turnover that constantly repeats itself. So as the ABL lender gets comfortable with your peaks and valleys, and the quality of A/R and inventory it's relatively easily for your business to achieve all the working capital you need based on sales and asset growth.

Costs are a huge aspect of the conversation around bank vs. ABL lending. While mostly, (but not always) more expensive, asset based lending delivers on more borrowing power. The business owner/manager must balance access to credit vs. cost of credit. Additionally banks impose various covenant and ratio restrictions that must be met. Those restrictions tend to be only borrowing based focused when it comes to an asset based lien of credit.

If you're looking to maximize liquidity and borrowing power from business credit lines, and want to know the difference between your two choices seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can ensure your credit line needs are met with an objective and workable solution.





Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN ASSET BASED FINANCE AND BUSINESS CREDIT LINES EXPERTISE




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:

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

A Govt Guaranteed Small Business Loan :The Ultimate In Crossover Loans

No Surprise Here :

How You Apply For A Government Backed Loan Determines What You Get









OVERVIEW – Information on the govt guaranteed small business loan in Canada. Navigating the application process smoothly with this information

A Govt guaranteed small business loan in Canada is probably the ultimate in what we could call a ' crossover' financing. Why? It delivers all the benefits (and more) of traditional term loans and in many ways is more accessible for entrepreneurs and existing business owners. Let's dig in.

Another given in federal small business loan financing is also the fact that your ability to apply properly will always determine the amount and timing of your approval. Unlike many other types of business financing in Canada ' SBL ' loans can be adjudicated in only a few days if a proper application package is done. And by the way, there’s lots of help out there to do that work for you at no or minimum cost.

What then are the components of a successful small business loan financing under the ' CANADIAN SMALL BUSINESS FINANCING ' aka the 'CSBF ' Program? Knowing where to go is a good start, and it commences by understanding that the government actually has nothing to do with the program on a day to day basis, they assume the majority of the risk for the loan and your bank does the rest.

Planning in advance is key to success in ' SBL’ loans financing. Your primary document is a business plan, or at a minimum a strong executive summary. There is only one goal here - to ensure you properly lay out why the loan is a legitimate and sound investment under the program.

That is achieved by properly presenting the business in terms of:

Industry overview

Your management or industry expertise

Competitive conditions

Proper opening balance sheet and cash flow positioning

It is also key to lay out clearly the exact use of funds - since the program only finances two asset categories, equipment and leaseholds, its critical to show the proper description and use of the funds. Many franchises are financed under the program under all the same criteria.

In certain circumstances you will have a challenge in loan approval if you don't properly demonstrate management depth and experience related to your project. An example might be the opening or purchase or a restaurant, an industry with a high default rate, so mgmt expertise is clearly desired.

While the majority of businesses that apply for government loans are incorporated its critical to note that it's not 100% necessary, but if you're focused on a real business as opposed to a hobby incorporating is clearly the way to go in our opinion.

If you are looking to explore the benefits of a government backed loan in Canada seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your application needs.



Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN GOVT GUARANTEED LOAN EXPERTISE



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:
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

Cash Flow Financing Alternatives To The Business Loan Challenge In Canada

Looking for ‘ Fun Facts ‘ In Business Cash Flow Alternatives ?

OVERVIEW – Information on business loan alternatives in Canada . Cash flow financing requires the right combination of asset monetization, debt and potential equity / quasi equity solutions

Business loan challenges aren't always associated with ' fun facts' for Canadian owners/financial managers. When it comes to either cash flow financing, monetizing your assets, or even exploring some equity options there are numerous sources that might not have been either identified or understood. Let's dig in.

While in some cases one simple financing/refinancing solution might do the trick more often than not it’s a combination of a couple of different solutions that are required to ' cobble together ' the financing your business needs.

Businesses that own their facilities, or own specific assets without liens can utilize a sale leaseback strategy to generate working capital.

Lease to own strategies are very common solutions acquiring assets and minimizing cash outflows in that process. A popular asset category has become computers/tech/software assets that are higher cost and always requiring upgrades.

The best way to approach solutions for cash flow financing is to balance outside debt with your ability to totally maximize your assets. A true irony in business is when owners or other perceive high levels of inventory and receivables as positive when in fact these are no being turned over and are putting the business at risk. Naturally having orders / contracts and no inventory to satisfy these is the opposite of that problem, and a problem in and of itself. In recent years companies have turned to Purchase Order Financing to satisfy order growth when traditional financing is not available.

When running your business on a daily basis you can very easily analyze levels and performance in inventory and A/R. These analytical tools ( for example Days Sales Outstanding ) can become your ' early warning system ' ahead of a financial Tsunami

of bad news and financial results, often making it even more difficult to achieve busines loan / cash flow solutions.

While buying assets, financing existing assets, and taking on external debt might seem unrelated in some ways the reality is they are very closely intertwined in your overall business financial plan.

You don’t necessarily have to take on debt or take on business term loans to finance working capital - in fact business credit lines, ABL asset based credit lines, or inventory and tax credit financing strategies do that job well.

What is important is to always understand that you will need cash flow financing alternatives to avoid what we can call ' business disruption. And by the way exploring long term financing always takes a lot more time than you might think - whether from a commercial finance company or bank.

So, while ' fun facts' isn’t easily associated with business financing knowing where to turn, and when, is key to business success. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can provide a current and long term road map to financial success.



Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN CASH FLOW FINANCING & BUSINESS LOAN EXPERTISE



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:

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

The Equipment Finance Lease In Canada : Eliminating Rough Waters In Asset Financing

You Can’t Handle The Truth About Equipment Leasing In Canada .. Or Can You

Information on asset financing in Canada. What are the advantages and manageable disadvantages of the equipment finance lease for Canadian business financing solutions

The equipment finance lease is by far the most popular method of asset financing in Canada. Although paying for an asset in this matter is ' cash going out ' vs. ' cash going in ' this method of finance allows businesses in Canada to acquire assets and technology needed to run and grow their business. ( Note – Businesses can achieve ‘ cash in’ status via a sale leaseback strategy )

While mostly positive, and we hesitate to use he word ' negative ' there are some issues that need to be understood by the owner/manager. It's all about handling the truth we suppose - let's dig in.

Unless your lease properly reflects the option to own the asset at the end of the term lease financing is all about ' using' an asset. Small to medium size lease financings have some fairly basic issues attached to the documentation; if you don't know the basics of these you can over pay / over spend on lease financing. And by the way, they are all negotiable!

And those basics?

They are:

Amortization term of the lease

Residual

Purchase Option

Termination abilities

For asset financings in the SME Commercial area documentation around lease contracts is fairly simple these days - lessors have strived to eliminate paperwork. Larger transactions and ' Master Lease ' agreements tend to be more complicated.

Many business owners and financial managers don't fully investigate ' operating leases. A good way to understand these is to think of it as a lease for an asset where the life of the lease term is almost always shorter than the expected life of the asset. One of the most common asset classes financed by operating leases is ' Technology / Computers’

While the appeal of the ' off balance sheet ' aspect of operating leases has pretty well bitten the dust it’s still a great way to upgrade, replace and add on to existing tech assets.

While lessors in Canada scream ' benefits ' (flexibility, cash flow, alternate credit sources, tax implications) a more balanced approach is to ensure the potential downside.

Those ' downside' issues include:

Potential non ownership of the asset

Termination costs if you are forced to exit a lease for business reasons

Cost (rates tied to leases are more often than not higher than pure bank loans/borrowings)

When we talk to clients about ' handling the truth ' in those downside issues it’s important to realize they are all manageable and hardly overwhelming if understood at inception.

If you're looking for ' smoother waters' in your equipment finance lease needs 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 matching proper asset financing solutions to your needs.


Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :


7 PARK AVENUE FINANCIAL = CANADIAN EQUIPMENT LEASE FINANCE EXPERTISE



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

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

Receivable Credit In Canada : How To Properly Finance Trade Receivables In Canada

Here’s The Only Right Way To Finance Receivables

OVERVIEW – Information on receivable credit solutions in Canada. Knowing how to finance trade receivables maximizes cash flow and minimizes costs of financing . Here’s why and how

Receivable credit solutions don't always come from the bank. Any business selling on credit, large or small soon feels somewhat ' tied up ‘.

Those goods and services you've delivered require payment and the ability to finance trade receivables is critical. Let's dig in.

If a Canadian chartered bank or business credit union can't supply the financing you need is there an alternative? You knew there was, and it’s the financing of your A/R through an independent commercial finance company. The problem? Which of their multiple solutions works for you... is one better than the other, and can the costs of such financing be managed properly or reduced?

While the ' street terminology ' refers to this method of financing as ' FACTORING ' there are in reality a number of subsets of this type of commercial finance . Choosing the right one is your key to success,

Haven’t had someone fully or clearly explain how A/R Finance works? You've just received your clearance for a full explanation! --> Based on an up front financing security agreement being signed you can draw down typically up to 90% of the value of your total receivables that are under 90 days old . By the way the banks typically allow you to draw down only 75% of A/R, so one immediate observation is that you just managed to negotiate more liquidity / cash flow for your business,

The balance of 10% is in effect a ' holdback' of sorts, and when your client pays you received that 10% back immediately, less a financing cost that is in the 1.25 - 2% range. So using a 10k invoice as an example your financing cost would be 125 .00 - 200.00 $. Naturally the costs are geared toward your client paying promptly in 30 days, which are very typical commercial trade receivable credit terms...

Two critical points come to bear here:

1. You can reduce financing costs by focusing harder than ever on your management of receivables - That includes:

Considering advance/down payments in some form

Invoice clients the day you deliver your product or service

Offering prompt pay discounts

Improving collection procedures and invoicing clearly and properly

Key point – any time your clients pay over 30 days increases financing costs, and that includes higher financing costs or simply the higher cost of carrying receivables that are unpaid - Example... The carrying cost on $10,000 paid in 66 days at 14% interest rate would be: $10,000 x .014 / 365 x 66 = $253.00


2. Only draw down on your ' factoring’ facility when you need it

Ensure you have a facility that doesn't require you to finance all your A/R all the time - if that’s the case you're dealing with the wrong firm

Focus on the benefits of a CONFIDENTIAL RECEIVABLE FINANCING solution - This is our recommended solution for all our clients, as it allows you to bill and collect your sales without the ' notification' that is required by traditional factoring services

Use your receivable credit facility to reduce overall financing costs - this includes taking prompt pay discounts with your own suppliers, as well as negotiating better prices with suppliers for goods you can pay for on delivery


If you're focused on achieving the best method to finance trade receivables seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success in Receivable Credit solutions.



Receivable credit solutions don't always come from the bank. Any business selling on credit, large or small soon feels somewhat ' tied up ‘. Those goods and services you've delivered require payment and the ability to finance trade receivables is critical. Let's dig in.

If a Canadian chartered bank or business credit union can't supply the financing you need is there an alternative? You knew there was, and it’s the financing of your A/R through an independent commercial finance company. The problem? Which of their multiple solutions works for you... is one better than the other, and can the costs of such financing be managed properly or reduced?

While the ' street terminology ' refers to this method of financing as ' FACTORING ' there are in reality a number of subsets of this type of commercial finance . Choosing the right one is your key to success,

Haven’t had someone fully or clearly explain how A/R Finance works? You've just received your clearance for a full explanation! --> Based on an up front financing security agreement being signed you can draw down typically up to 90% of the value of your total receivables that are under 90 days old . By the way the banks typically allow you to draw down only 75% of A/R, so one immediate observation is that you just managed to negotiate more liquidity / cash flow for your business,

The balance of 10% is in effect a ' holdback' of sorts, and when your client pays you received that 10% back immediately, less a financing cost that is in the 1.25 - 2% range. So using a 10k invoice as an example your financing cost would be 125 .00 - 200.00 $. Naturally the costs are geared toward your client paying promptly in 30 days, which are very typical commercial trade receivable credit terms...

Two critical points come to bear here:

1. You can reduce financing costs by focusing harder than ever on your management of receivables - That includes:

Considering advance/down payments in some form

Invoice clients the day you deliver your product or service

Offering prompt pay discounts

Improving collection procedures and invoicing clearly and properly

Key point – any time your clients pay over 30 days increases financing costs, and that includes higher financing costs or simply the higher cost of carrying receivables that are unpaid - Example... The carrying cost on $10,000 paid in 66 days at 14% interest rate would be: $10,000 x .014 / 365 x 66 = $253.00


2. Only draw down on your ' factoring’ facility when you need it

Ensure you have a facility that doesn't require you to finance all your A/R all the time - if that’s the case you're dealing with the wrong firm

Focus on the benefits of a CONFIDENTIAL RECEIVABLE FINANCING solution - This is our recommended solution for all our clients, as it allows you to bill and collect your sales without the ' notification' that is required by traditional factoring services

Use your receivable credit facility to reduce overall financing costs - this includes taking prompt pay discounts with your own suppliers, as well as negotiating better prices with suppliers for goods you can pay for on delivery


If you're focused on achieving the best method to finance trade receivables seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success with a track record of success in Receivable Credit solutions.






Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN TRADE RECEIVABLE FINANCING EXPERTISE



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:

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

Explained : Commercial Loans In Canada : Basic Business Loan Knowledge

Afraid To Ask How These 5 Types Of Business Loans Work?

OVERVIEW – Information on commercial loans in Canada . What does the type and jargon around business loan availability mean to the owner/manager

Commercial loans availability for Canadian business owners/financial managers often comes with terminology that confuses the benefits of a business loan with its actual availability. We’ll demystify some of that jargon. Let’s dig in.

Hopefully every business manager has some basics under his or her belt around areas such as rate, collateral, personal guarantees, secured vs. unsecured, etc. These are the essence of the majority of Canadian business financing. Not knowing how to finance your firm and where will often have the business being viewed as ‘ unstable ‘


We can say that 5 types of common business loans dominate the commercial lending landscape in Canada. They are:

Business Term Loans

Lines of Credit

A/R Financing

Inventory Finance

Equipment Leasing/ commercial mortgages

Naturally depending on your overall financing needs one or all these might actually be applicable.

Business Term Loans - these are suited for longer term financing needs, and while interest rates might be variable more often than not they are fixed rates and 3-7 year terms while optimal for long term financing this method of financing your business is more difficult to access.

Banks probably provide the majority of term loans in Canada and insist, rightfully so, on clean balance sheets, profits, and cash flows. A healthy dose of outside collateral on other parts of the business or the owner’s personal assets might also be required.

The one term loan that is a lot more accessible to entrepreneurs is the Canadian Small business loan - it's a govt guaranteed loan that finances up to 350k of equipment and leasehold needs.

Lines of Credit - Corporate credit lines revolve daily around the current assets of your business, typically receivables and inventory. The strong alternative to bank credit revolving facilities is the ABL Asset based credit line - it is easier to obtain, provides more liquidity almost 99% of the time, and allows you to include all the assets of your business as borrowing power.

A/R Financing / Inventory Finance - These two ' current assets’ are often the most critical parts of your capital structure. Outside the bank environment these assets are financing under working capital credit facilities. Your ability to turn receivables as they become due and manage inventory turns is key to the financeability of these two assets. When it comes to receivables financing our recommended solution is CONFIDENTIAL RECEIVABLE FINANCING, allowing you to bill and collect your own receivables and borrow up to 90% of outstanding A/R at any given time. It's a solid alternative when bank financing isn't available... or isnt enough.

Equipt Loans -/ Mortgages - Billions of dollars of capital assets are financed in Canada through equipment lease finance. Using independent commercial lease firms allow you to access capital outside the bank are strong sources of additional credit for any business .There is really no upper or lower limit for asset financing via the equipment lease. Technology needs are well suited to lease financing and provide business owners with a fair amount of flexibility in asset acquisition and replacement.


In business it’s critical to pick the right debt or asset monetization strategy, carefully assessing how long you need the financing. Considerations should include your firms overall credit quality, the amount of liquidity you have, as well as restrictions demanded by lenders under different loan scenarios.

Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
to achieve the ' survive and thrive ' commercial loans your business requires. Knowing the basics of our 5 focus areas allows the owner/manager to access the right amount of capital at the right time and to not feel vulnerable in both tough and good times.





Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS LOAN EXPERTISE





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:
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

Business Funding In Canada : Climb Aboard The Traditional And Alternative Financing Train

Time To Put Away Those Mourning Clothes When It Comes To Business Funding

OVERVIEW – Information on business funding paths for Canadian business owners and financial managers. Alternative financing and traditional solutions comes with different requirements and obligations . The debt vs. equity conundrum

Business funding needs come with two other ' minor' complications - assessing how much financing you need and oh yes... where to get it .Let's dig in.

Many types of financing in fact may be totally in appropriate for your needs, and its critical to focus on both immediate needs and longer term needs. When it comes to debt financing and monetizing business assets the funding search is comparable to what equity seekers go through in their ' rounds ' of capital searching.

Your business needs funds to increase revenue and to ensure it has some sort of ' cushion' for unforeseen circumstances. Some firms are much more reliant on the need for new capital assets, placing further strain on the capital search. Service oriented firms don't need those assets - but the double edged sword here is that they have no assets to finance or collateralize.

Sales revenues are key to planning business funding needs. And for firms that are in start up mode careful planning has to be done around one time initial costs and needs Most entrepreneurs don’t realize that the majority, almost 90% of original financing for businesses in the SME sector comes from personal sources. Oh yes, and those VC’s, sharks and dragons that we read about and see on TV... they fund only a whopping 1-4% of all new businesses.

Debt financing and asset monetization, done properly allows the owner/owners to maintain their full ownership. Solutions include business credit lines, equipment financing, working capital loans, etc. If there is any good news about ' debt ' and asset monetization it’s that in comes in a variety of flavors- that includes:

A/R Financing

Inventory Finance

Franchise Loans

Equipment Financing / Sale Leasebacks

ABL loans - asset based credit lines that monetize A/R, inventory and equipment into one revolving facility

PO/Contract Financing

Royalty/Sales Finance Solutions

Even the Canadian government wades in with it's much sought after Govt Guaranteed Small business loan, providing financing up to 350k for new and existing businesses and franchises.

What does the business owner/manager need to know with respect to debt and asset monetization? Issues to consider include the amount and timing of your cash flows, qualification issues, collateral and personal guarantees.

Getting ' reasonable rates ' will always be tied to business financials and asset quality. While bank rates are low they come with restrictions and demands in the form of ratios/covenants and back up collateral respectively.

For proper direction and advice in your business funding needs consider seeking the services of a trusted, credible and experienced Canadian business Financing Advisor with a track record of success






Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FUNDING EXPERTISE




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:

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