Business Loans In Canada : In Pursuit of Financing Solutions Via Alternative Finance & Traditional Funding For Your Company

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Has Business Financing Gotten Good Again ?

OVERVIEW –   Information on business loans in Canada. Whether your company chooses a wide array of alternative finance solutions of traditional bank financing the Canadian Business  Financing landscape offers more variety than ever

Business loans just may have gotten good again?  The pursuit of funding and cash flow solutions for your business often seems like an eternal challenge. Let's dig in.

Since 2008 there's been a lot of change in finance options for Canadian business owners and financial mgrs.  Depending on your firms circumstances and your ability to truly understand the different choices available to firms searching for SME COMMERCIAL FINANCE options.

How then do we create our road map for external financing techniques and solutions?  A simpler way to look at it is to categorize these different financing options under:

Debt /  Term Loans

Asset Based Financing

Alternative Hybrid type solutions

Many top experts maintain that the alternative financing solutions currently available to your firm in fact are on par with Canadian chartered bank financing when it comes to a full spectrum of funding.

If there is one major trend that's ' sticking ‘it’s Asset Based Finance. The ability of firms to obtain funding via  assets such as accounts receivable, inventory and fixed assets with no major emphasis on balance sheet structure and profits and cash flow ( those  3 elements drive bank financing approval in large measure )  is the key to success in ABL ( Asset Based Lending ) .

Factoring, aka ' Receivable Finance ' is the other huge driver in trade finance in Canada. In some cases it's the only way for firms to be able to sell and finance clients in other geographies/countries.

The rise of ' online finance ' also can't be diminished. Whether it's accessing ' crowdfunding' or sourcing working capital term loans the technological pace continues at what seems a feverish pace.

Business owners/financial mgrs often find their company at a ' turning point ' in their history - that time when financing is needed or opportunities and risks can't be taken.  While putting , or getting new equity in the business is often impossible the reality is that the majority of businesses with SME commercial finance needs aren't, shall we say, ' suited' to this type of funding and capital raising.

We're also the first to remind clients that they should not forget govt solutions in business capital. Two of the best programs are the Govt Small Business Loan (maximum availability =$ 1,000,000.00) as well as the SR&ED program which allows business owners to recapture R&D capital costs. Sr ed credits can also be financed once they are filed.

If you're looking to get the right balance of liquidity and risk coupled with flexibility to grow your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your funding 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



 

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