Working Capital Solutions & Factoring In Canada : Breaking the Receivable Finance Mystery !

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Our Canadian Business Financing 'Dear John ' Letter ? !

Information on working capital financing in Canada . Factoring and other related receivable finance solutions might just not be what you thought. Here's why !

Dear John - Working Capital Factoring is not what you thought it was, so I have heard. When I heard that you were disappointed in your working capital factoring facility I wanted to try and provide you with proper information and insights into what will in fact get you the cash flow and working capital that you anticipated with your new Canadian working capital factoring facility.

So John, what went wrong after we initially talked. You wanted business financing that would allow your business to grow in order to be more competitive in your business and grow those profits and sales.  Factoring seemed like a great solution, and you indicated it is not up to expectations.

Let's backtrack a bit. I think at the end of all this you will see a viable way to achieve ALL of your business financing goals!

Here's where we think things went wrong for your firm. You need to understand that factoring came to Canada from the U.S. and Europe. Their method of doing business there is somewhat more ' abrupt ' if we can use that word. As a result you entered into a U.S. model type of factoring with a branch of a U.S.  Factoring firm. Under that facility you do receive immediate cash for your receivables but you found out only later the factor firm more or less bill, collects, and follows up with your customer directly.  Many Canadian business owners don’t like that method of doing business.

So, John, the solution, and I remind you it’s the one we proposed, is a non-notification factor facility. Guess what, under this facility you of course still get same day cash, but you bill and collect your own receivables. Now we're talking, right!

You just achieved total financing control, you are getting all the cash flow you need, (i.e. not waiting 30-60, or 90 days) and you're able to re invest in more inventory, sales, etc.

John - you said that you were considering going back to your bank - just remember that all the financing that you need is, in our opinion, not going to be achieved by either a bank term loan, or a Canadian chartered bank line of credit. You will have a great interest rate , but you business will not have the cash flow and working capital that is required for your current sales and contracts .

So whats the bottom line John - it is as follows - work with a trusted, experienced , and knowledgeable business advisor - put a working capital factoring facility in place that runs the way you want it to, and then focus on your business growth and let the cash flow and working capital work for you to those goals . Investigate non notification factoring / Confidential Receivable Financing - It’s a Canadian alternative to everything you didn’t like about factoring, with all the benefits!



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 :

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

http://www.7parkavenuefinancial.com

Working Capital Financing In Canada : Avoiding Deathy By Cash Flow Finance & Business Loan Shortage !

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Working Capital & Cash Flow Financing - Whenever You Need It ? !

Information on working capital financing in Canada . The essence of cash flow finance success for your firm is the proper assessment of business loan and funding needs. Here's why and how !

Working Capital Financing remains a strong priority for Canadian business owners and financial managers that feel they are emerging from the recent recession and still require working capital to grow.

We continually between with Canadian business owners who want to understand their working capital options. Working capital facilities consist of either cash term loans, or receivable and inventory financing facilities.

As a Canadian business owner you need to understand the problem before you address the solution – that is why we constantly recommend that you sit down with a trusted and experience business financing advisor who has credibility in delivering financial solutions for your cash flow needs.

If working capita financing was a challenge prior to the recession you can pretty well multiply that challenge by 100% in the current business environment. There is not a day when we don’t see an article or a television story surrounding the challenges of Canadian business financing, or, on the unfortunate side, the demise of a great Canadian business due to the current difficult financial environment.

Business owners in Canada see themselves as unique of course, and quite frankly we would agree that every business has its own business model, operating cycle, cash conversion cycle, and unique financing needs.

When a business owner asks us for working capital advice we point out that working capital is both permanent in nature, and temporary. By permanent we mean cash working capital term loans – this loan injects long term working capital into your business, is paid off over several years, and is paid at usually a fixed rate on a monthly basis . We currently are aware of only two options for term working capital loans; both of these options are unsecured in nature. That is to say they rank behind any current secured or senior lenders you might have in place currently.

On a term working capital loan rates vary with respect to your overall credit quality and size of transaction. In some cases no owner guarantees are required, depending on the overall structure. One of these type of loans is in effect underwritten by a government crown corporation, which brings with it significant rate advantages, as the government entities price their transaction to current low yielding bond rates .

We hasten to say that if your firm is contemplating a fixed term working capital loan (also called a ‘mezz ‘loan or ‘cash flow loan ‘that you clearly have to be able to demonstrate that you can service the debt. Service the debt is finance lingo for ‘being able to make the payment! Typical criteria in approving such a facility are cash flow coverage, ebitda analysis, and on occasion the guarantee of shareholders.

In summary, working capital loans vary in nature, they can be fixed cash term loans, or also revolving facilities focusing on current asset collateral such as receivables and inventory.

The bottom line is of course to understand your needs before you search for a solution. If you don’t have full expertise in this area work with a trusted business financing advisor to ensure you can maximize on the best solution for your working capital needs.


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

Unsecured Cash Flow Loans In Canada : Signs You Might Benefit From This Business Loan

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Your 'What Is'&' How To ' For Unsecured Cash Flow & Mezzanine Loans

OVERVIEW - Information on unsecured cash flow loans in Canada. Often called Mezzanine financing, this type of business loan can help many companies grow and prosper

Unsecured cash flow loans are an appealing segment of business financing in Canada. It's this type of business loan that can allow a company to grow when traditional term loans don't make sense from both your perspective... and the lenders. Let's dig in.

That financing appeal arises when the business owner/ financial mgr realizes their company has the potential to grow sales and earnings but doesn't necessarily qualify for funding from a regular bank type facility.

The typical weaknesses of the firm at this point in time revolve around absence of hard collateral and debt to equity ratios that just don't work for traditional lending criteria. Enter unsecured cash flow financing!

Typical structures for these types of loans, often called ' mezzanine' are three to five year terms. Typically at the end of the term there is a refinancing of the existing loan, or in many cases, a ' take out ' to more traditional finance solutions.

How does one recognize whether their company is a candidate for an unsecured cash flow loan? The essential requirement is your ability to prove strong cash flow - typically other financing is already in place and the company collateral is already pledged. That's why cash flow is so critical.

What are some of the uses of this type of financing? Typical reasons your company might consider this type of business loan are:

Acquiring another company or exploring a mgmt buyout

Expanding into new markets

Refinancing the business

Enhancing working capital to support growth in sales, receivables, inventory, etc

Buying new assets

Naturally it goes with saying (but we'll say it anyway) that not every business is a candidate for mezzanine unsecured financing. Start ups can't really prove their cash flow satisfactorily, and this financing is not really ' equity' finance. Companies that are severely challenged and in some sort of ' death spiral ' need not apply.

In many cases the current ' senior ' lender to your business will often suggest a complimentary unsecured cash flow loan as a part of your total financing package. You already might have a line of credit or asset based revolving facility in place - the unsecured cash flow loan provides a more long term working capital component.

If your firm would benefit from this type of cash flow financing seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your finance needs.


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

A Business Line Of Credit In Canada : It’s True That Asset Financing Revolving Lines Deliver !

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Eliminating The Tough Road In Accessing Business Credit Lines

OVERVIEW – Information on accessing a business line of credit in Canada. Along with bank facilities asset financing non bank revolving lines deliver on cash flow and daily working capital needs

Business line of credit needs may often require the business owner/financial mgr look beyond the ' norm' associated with revolving credit lines, That's where asset financing revolving loans come in - they're the viable bank alternative . Let's not forget though that bank facilities of this type offer low cost and flexibility if they can be accessed. Let's dig in.

Fundamentally it's all about the cost of financing benchmarked against the ' risk ' associated with your firm or its industry. It's at these times that looking at alternatives make sense.

Revolving credit facilities are primarily used for growth; and in some cases they are a solid re-financing alternative.

The ability to constantly access and draw down working capital/cash flow needs is the key attraction of securing the proper line of credit facility. The assets that make up and drive this type of business credit are:

Receivables
Inventory

As these two ' current asset' levels rise and fall so does the line of credit accessibility. Technically speaking the bank, or the asset based line of credit provider determine your firms access by establishing what they call a ' borrowing base' - typically on a monthly basis

In the case of banks typical margins against these two assets are as follows -

A/R = 75%
Inventory - 50% (varies)

The asset based lenders who provide lines of credit typically offer higher margin borrowing:

A/R - 90%
Inventory - 50-75% - (varies)

We can with confidence and experience say that asset based non bank credit lines, while more costly, almost 99% of the time offer more borrowing power.

It's important to not also that various conditions will be imposed by a Canadian bank or non bank LOC provider. We can (again) say with confidence (and, again experience!) that conditions imposed by asset based lenders are less onerous and more flexible. To some extent the actual limit on the line of credit can almost automatically increase without further applications, etc

What then is the bottom line of your firms search for revolving lines of credit? The key points include:

Consider the entire funding landscape currently available in Canada

Be open to looking at both bank and non bank solutions - aka ' traditional' versus ' alternative’

Have a strong sense of your working capital and cash flow needs

Ensure you have the data to allow a bank or non bank lender to consider the credit facility - typically that's financials, aged receivables, inventory, payables, etc

Always be open to ' Plan B’

In summary, if you’re focused on shortening the journey on the tough road to business cash flow and working capital financing consider all options, including speaking to a trusted, credible and experienced Canadian business financing advisor who can assist you with funding needs... that deliver.

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 In Canada : Term Loan & Cash Flow Finance Solutions Uncovered !

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Everything You Need to Know in Negotiating a Term Loan

 Information on business financing in Canada . A term loan and other types of cash flow finance solutions require the business owner/financial mgr to understand lending criteria . The focus =  Be Prepared

 

Most business owners and financial managers know the story - the bank has the money, you need it. Term loans can be a tough negotiation for any business owner. Part of that is simply because the final conditions imposed upon the bank can be somewhat restrictive.

As simple as it may seem, the business owner has to think like the banker - that allows one to reverse the negotiation stance to some degree. Also, it's all about 'strategy'.

We would point out also at the outset that there are a number of banks, and an equally larger number of independent finance firms that offer term loans. The business owner should ensure he is aware of the market players, and who offers what. The goal tends to always be the same though - get the largest loan at the best rate. Not easy to achieve!

Business people as we have said, should have a solid strategy in the entire process, and believe me it's a process.


Borrowers can benefit by doing research into the banks current market and objectives in commercial finance. There will be issues and objections raised by the bank on the owners submission - they should be dealt with in a manner that keeps the loan submission positive in nature. Thousands of books are written on the art of negotiation, and no business owner can expect to reasonably get the full amount with all terms that he or she asked for.

Term loans are generally for long term assets. They are paid by future cash flows and earnings. That bring two bear two key source of information that should be properly prepared - what has the business done financially, and what has it he potential to achieve - i.e. a forecast.

Banks focus on cash flow - so they will want to carefully look at what the risk is to those future cash flows. Business people should be prepared to talk thoroughly about their own particular industry, many industries are currently out of favor - example: automotive; many are sought and in favor: 'Green' industries - (solar, et al).

The owner should anticipate what risks the bank or other lender will perceive in their industry - they should be prepared to talk to those risks. Owners should also remember that although they need this term loan now for this asset, that the bank will also want to look into what else they might need in the future, which might have the ability to restrict the cash flow somewhat.

Unfortunately more often than not the lender looks to historical cash flow to reflect future cash flow - therefore is a company has lots of changes in sales and profits over the years the why's and wherefores around these need to be discussed and presented.

While the focus is definitely on cash flow the balance sheet will definitely come under scrutiny. Weaknesses in the balance sheet need to be tabled and discussed.

Banks love 'ratios'. We have called them 'number relationships' in previous articles.
It is highly recommended that the business owner review and understand some of those 'ratios 'which will come under scrutiny.

Typically those are liquidity, operating, and fixed asset coverage ratios.
In summary, all banks and other finance firms have very similar and basic analysis models around term loans - they involve industry and financial statement analysis, focusing as much on the past and future as the present.

It behooves business owners and financial managers to understand some of those metrics used by banker, which should, in the long run, limit loan restrictions and get the business owner the capital he or she needs. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business finance needs.

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

Article Source: http://EzineArticles.com/3658324

 

Asset Based Lending In Canada : Business Loans & Financing Your Company Should Consider

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The Secret Flexibility Of Asset Based Lending

OVERVIEW – Information on asset based lending in Canada. Rarely do business loans such as ABL credit lines provide the financial flexibility you need to run and grow your business cash flow and working capital needs

Asset based lending in Canada offers some of the most flexible financing that many companies need in the current challenging corporate finance environment. When it comes to business loans that makes sense ' ABL ‘(short for asset based lending’) clearly delivers. Let's dig in.

There are not too many firms that aren't focused on growing revenues or simply trying to ' hang in' in today’s competitive environment. Much cash can be consumed in acquiring new assets or strengthening the overall equity base of your firm - that's where ABL comes in.

What distinguishes many companies today from their competition is their willingness to check out new sources of financing previous not considered. Although asset based lending may be considered one of the new ' alternate financing sources' in Canada the reality is that it's been around for years. Oh and by the way, it’s been utilized by some of the most successful and well known corporation, not just smaller firms in the SME marketplace.

While Canadian chartered banks get most of the ' mind share ' when it comes to business financing competition the reality is that not all firms can satisfy the credit quality required to obtain low cost / flexible finance solutions offered by our banks.

Traditional cash flow challenges revolve around firms that are growing their revenues and being unable to find the ' current asset ' financing that comes with the requirement to fund additional sales, inventories and receivables (let alone equipment/technology acquisition needs).

Business owners and financial mgrs are often pleasantly surprised at the flexibility of asset based business credit lines. Why? Simply because they combine your A/R, INVENTORIES, and EQUIPMENT into one borrowing facility that fluctuates with your sales growth. As sales grow you can borrow more, pretty well automatically.

That ability (flexibility) to include your fixed assets into your borrowing base of course removes the need to consider term loans and additional long term debt that most business owners/financial mgrs would prefer to avoid.

Your firm’s ability to leverage your assets into a business credit line will make sense to any commercial borrower who sees bank financing as a challenge. 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 firms’ business loan and financing needs.



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

Fixing Business Financing In Canada : Accessing Bank & Alternative Finance Loans

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A Lot Of Smart People Still Aren’t Happy With Their Business Financing – Here’s The Fix !

OVERVIEW – Information on business financing solutions in Canada. Whether its traditional bank loans or alternative finance funding here’s how to consider capital options for your business

Business financing needs in Canada often leaves owners/ financial mgrs with that ' not happy ' feeling when it comes to loans or alternative finance solutions. And by the way, in today's competitive environment there are some pretty smart people out there when it comes to running and growing their firms- yet even they are searching for ' the fix '. Let's dig in.


When it comes to raising finance needs for your business today’s environment calls for looking far beyond the traditional solutions of the past. More often than not that has meant ' the bank ' as the sole solution provider of business capital.

But by addressing proper cost of capital versus growth opportunity as well as the ' risk ' element associated with any form of traditional or nontraditional finance a whole new world of capital providers is out there.

What then is the best way to look at some of those alternatives, and, as importantly, what are they?! It starts by assessing your need, which is usually in one of three categories:

Growing sales

Refinancing

‘Other’


That other can cover various scenarios, one of which might mean a forced exit from your bank relationship - i.e. the dreaded ' special loans' category.

As we have said, understanding how things work, cost, and risk are the key elements of a new financing strategy. That kind of thinking will often determine what's best for your business.

Looking for some key tips around new sources of business financing and capital? We've narrowed it down for you as follows:

Keep an open mind to new solutions available

Consider both traditional and alternative financing solutions

Understand what you need - i.e. new assets, working capital, investment

Focus on potentially a combined solution of different methods of business finance

Ensure you are in a position to present your company properly - i.e. current financial statements, a strong exec summary or business plan, etc

Be prepared to consider ' Plan B '!

Let's recap business financing solutions most typically available to your firm - they include:

Bank credit lines/term loans

A/R financing

Inventory loans

Equipment finance

SR&ED Tax credit bridge loans

Sale leasebacks of owner assets

Non bank business lines of credit

Unsecured cash flow loans

Royalty finance

If your firm needs finance ' fix ' 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 loan and cash flow needs

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