SR&ED Tax Financing : Cash and Working Capital for your R&D Credit

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SR&ED Financing ! More Than Fascinating.. and it Works!

Information on the benefits of sr&ed tax credit financing in Canada. Monetizing your refundable r&d capital refund is a key component of cash flow success around this govt program

SR&ED Financing, (also often pronounced ' SRED Financing' ... we'll use the term interchangeably ) is a tremendous way for Canadian firms to monetize their research and development tax credit claims in order to generate additional cash flow and working capital for their business .


It is of course common sense that to finance a claim and get funds now you have to have a claim filed! Canada's sred program and absolutely one of the most positive, beneficial and proactive non repayable grant programs that exists in Canada, bar none.


Over the years we have met with many clients who, unfortunately, haven’t even heard of the program, at that same time for years they have been allocating considerable funds to research and development in manufacturing, software creation, etc. We say software for a specific example, because in many ways it is one of the most obvious areas for sred, and your ability to generate a sred loan against software development is virtually almost guaranteed. But our point simply is that any R&D you do probably can be assessed for research and experimental development - That’s where the acronym comes for Scientific Research and Experimental Development = S R E D!


Many professionals in the SRED area advise our clients that out of the several billion dollars that the government hands out now for the program that almost twice as much remains unclaimed by Canadian business simply for the fact that firms have not heard of the program . One of the key cornerstones of the program is the term ' uncertainty ' - if your firm is working on products, processes etc and is unsure of the final result , and funds are expended against that research then clearly that’s SRED !


Well up to this point we have talked about the program, detailed when it is available, now let’s focus on generating cash for our R&D expense.


You have two options after you have prepared a sred claim and filed it. They are not very complex options:


1. You can wait for your technical audit, financial audit and the government cheque, which will of course arrive many months down the road. If it is your first filing the process will take quite a bit longer.


2. You can finance, or ' discount' - we can even call it ' factor ' your sred to generate a sred loan for immediate working capital.


SRED Loans can be generated immediately after the filing of your claim. Many of our clients actually start the financing process earlier, and the reality is that funds could be advanced exactly at the time of filing. Many firms are very surprised to hear that in certain circumstances you are actually eligible to receive funds during the year, prior to filing - We have termed this process as ' accrual sred financing ‘. A few more criteria are attached to this process, but isn’t it a great idea to know that your R&D could be funded along the way as you dispense your own capital for the projects.


'Whats involved in a SR&ED financing'? Clients ask. To keep things simply we simply advise that they should view a sred financing in the same manner they view and business financing or working capital financing application. It’s a clear defined process which is as follows:


- Prepare a SRED claim (more often than not with the help of an external consultant)

- File the Claim

- Complete a business financing application


It's as simple as that. Typical back up documentation and due diligence that you would associate with any financing of your firm applies.


Oh, and a final question we always get - How much can I get and how do payments work. The good news is typically there are no payments made, you get usually around 70% of the claim value on approval, and the balance could be called a holdback or buffer. When your cheque is processed by the government and the grant is mailed to you the additional 30% is of course released, less the financing charges.


Consider monetizing your SR&ED claim for valuable cash flow and working capital generation.

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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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

Financing Sr&ed Credits – Access Working Capital Via SR ED Discounting

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Financing Your SR&ED Credits Promptly and Successfully Is A Thing To Behold !

Information on how finance SR&ED credits for working capital . Understanding the benefits of financing SR ED to accelerate recovery of your r&d capital investments

Canadian business owners and financial managers should consider financing sr&ed credits as a source of working capital and cash flow. It is a unique and alternative financing strategy that monetizes your Sr&Ed tax credit, and has no long term effects of adding debt to your balance sheet. All you are doing is simply ‘cash flowing’ or receiving your refund now instead of waiting for a potentially long time for your government refund cheque.

Business owners who file claims under the program already are keenly aware of the power of this great Canadian government program. Hundreds of Millions of dollars are refunding annually to your firm and your competitors – why not get a step ahead of the competition and turn that SR ED credit into immediate working capital.

Naturally the amount of your sred financing is related very directly to the total amount of your filed SR ED claim. Therefore it is in the best interests of every Canadian business owner who files under the program to maximize the size of their claim. They do that by working with a solid accountant or sred consultant who understands the true nature of the program. It is a misnomer that your research and development must be ‘successful ‘in the true sense of the word. The reality is that a proper sred claim is often increased simply by proving that you had significant trial and error in those business processes and research that you are documenting.

Anyway, you are aware of the program; you have filed a claim, or are in the process of filing a claim. What now? Consider financing the claim and turning your refund into immediate cash. Clients we work worthy with typically utilize funds in a SR ED financing to reduce payables, invest in additional research, buy equipment, or focus on investing in more direct marketing and sales The bottom line is that when you finance you SR&ED claim funds can be used for any worthwhile corporate purpose .

How does SR ED funding work? It’s really complimentary to any type of business financing you have ever done. You are not taking on debt; you are simply converting a receivable, i.e. your SR&ED credit, into cash. The best and most easy way to think of a sred financing is simply that you are factoring or discounting your claim. The funds will be repaid to the SR ED lender when you claim is approved by the government and your provincial government. (There is a Federal and Provincial component to each Sr&Ed claim)

You can access approximately 70% of the total claim you have filed. If the claim has already been approved by Ottawa and you are just waiting for the confirmed refund the 70% loan to value we just referred to can even be increased in many cases.

Even more sophisticated firms that finance their SR ED claims annually are not aware that under the right circumstances they can receive funds even prior to filing! That process is called a Sr&Ed accrual loan. That’s really staying one step ahead of the competition!

Financing SRED claims in Canada is a boutique financing. You accomplish it successfully when you work with a trusted, credible and experienced financing advisor re sred claims. The process involves a simply business financing application, copies of your sred filing, and miscellaneous business back up material to substantiate the sred loan. The total focus of the loan relies heavily on the actual claim itself, not the overall credit worthiness of your claim, as some might believe.

If you are filing sred you can stay ahead of the competition by considering of financing your claim. It’s a simple process that can be completed in a couple of weeks with your full co operation of back up info, etc. Your sred claim is already not repayable to the government, as it’s a grant, so consider supercharging that program by immediately monetizing your claim in valuable cash flow and working capital.



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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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

Working Capital Business Financing Sources

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Here's The Best Advice We Can Give You On Financing Your Business

Information on working capital and business financing sources and solutions in Canada

Working Capital and business financing in general is available to Canadian business owners and financial managers in a number of ways. When we speak to clients about their needs and answer their questions in this area it is simply a case of pointing out all the alternatives available, and discussion what features and benefits of each type of facility make the most sense for their own particular firm and industry.

The majority of working capital loans and financing alternatives are on a secured basis, but that is not the case 100% of the time. With reasonable good financial health and equity in your firm a cash working capital loan can be achieved at solid rates, terms and structures. This is general, is not the norm though, as most lending to small and medium businesses in Canada is in fact secured in some manner.

For larger corporations unsecured cash flow loans are more often than not called ‘ subordinated debt ‘ and they are term loans structured around the analysis of the company’s ability to repay based on future cash flow forecasting . For smaller firms it is simply a working capital loan that might have some covenants attached relative to ongoing profits and cash flow metrics. Again, we can summarize these offering by saying that cash flow unsecured loans are generally only available to firms that have very reasonable financial health and prospects.


In certain cases the working capital and cash flow loans we have described above often relate to the acquisition of a business, with the funding provided to acquire the business.

A more common ‘working capital loan ‘is in effect not a loan but the financing of receivables and inventory. In effect your firm leverages these assets and turns them into ongoing working capital as you create inventory and receivables on an on going basis.

Many business owners come to us and ask if there are ‘government loans ‘for working capital. The reality is that there is not anything available in Canada in that regard. The most common, successful and popular government loan program is called the CSBFL program; thousands of businesses utilize this loan. However, as we have noted, it does not provide working capital, and some business owners are dismayed when we advise them that this loan program only covers three items – equipment, leasehold improvements, and real estate.

When looking for a working capital solution there are some critical factors to assess and address. Many firms we meet can in fact cure their own working capital solutions by affecting a better turnaround in their receivables and inventory. Those are the key working capital components of any firm. If your firm has been self financing then you should consider a working capital or an invoice discounting facility. This injects immediate working capital into your company, and is not treated as a loan on your books, you are simply converting A/R, and in some cases inventory, into immediate cash.


Many business owners we meet simply don’t do even basic cash flow planning. A very simple template you can set up can easily show you what cash is coming in over the next three months, for example, and you already know your fixed and variable expenses, it’s as simple as that.

Working capital needs can be either short term or longer term in nature. The cash working capital term loan we spoke of earlier is a long term solution for permanent working capital. On the other hand the conversion of your receivables and inventory via a working capital facility via a non bank is immediate short term cash flow.

Work with a trusted, credible, and experienced advisor in this area. Assess your needs, evaluate the solution, and focus on implementing a facility based on the benefits that are derived from that type of financing. That is cash flow and working capital planning 101!




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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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

Why Consider a Merger Or Acquisition?

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Mergers and Acquisitions, commonly called "M & A" in high finance parlance is one of the more exotic areas of finance and business.

Generally larger transactions in this area are handled by investment bankers or merchant banks, but everyday a number of small and medium size businesses either complete or contemplate such transactions.

Generally when a business owner or management team contemplates a merger or acquisition there is a strategy behind the transaction. Let's look at some of the reasons for considering such a transaction.

Many companies simply realize that there is business logic and a risk component to diversifying out of their core businesses. We all know that 'diversification' is preached in all areas of financing, including our personal financial strategies. Companies who merge or acquire other firms for diversification realize they are lowering overall business risk.

Many times there are some classic synergies that can make a transaction in the 'M & A' environment very appealing. If a firm has a strong brand and they can add additional products to that brand then and grow both profits and sales that becomes a viable transaction. A smaller firm might have more of a 'reputation' than a 'brand' of course.

In the current business and economic environment there are many undervalued or struggling companies. These businesses can be perhaps purchased at a bargain, and may in fact be worth many times their current valuation due to unique circumstances.

The other reason companies consider a merger specifically is the ability to lower costs while at the same time increasing revenue. That is simply a scenario in which many costs can be lowered in the overhead and operating expense departments. Or in some cases, say a manufacturing company, efficiencies can be realized. Unfortunately this sometimes comes at a 'human cost' as downsizing is common in this area of mergers and acquisitions.

In some cases an acquisition can simply be current management buying the company from the current owners. This is typically called an LBO, or 'leveraged buyout'. Management usually puts in some new equity into the company and in many circumstances assets are refinanced at the same time.

In summary the merger and acquisition area is a unique area of business financing. Business owners must have a solid rationale, as well as a strategy, for contemplating these types of transactions.

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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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/expert/Stan_Prokop/432698


Article Source: http://EzineArticles.com/3598371

Commercial and Industrial Equipment Leasing Solutions

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The Reviews Are In ! Commercial industrial equipment leasing solutions are a great way to grow your business
and conserve working capital It's cash flow managment 101!

Information on the benefits of commercial industrial equipment leasing solutions in Canada . The ability to finance assets properly is key to business success

Canadian business benefits from commercial leasing and industrial equipment leasing when it comes to asset acquisitions for growth and profits.

As a small or medium sized business owner in Canada you do not want to deplete your cash resources. We would point out that larger , even public corporations in Canada have that same pressure, because when they report to shareholders the focus of their investors and shareholders is often cash flow growth and preservation .

Business owners and financial managers in Canada look to lease financing as an alternative to taking on bank term debt. Canadian chartered banks do not provide lease financing; they structure your asset acquisitions as loans which supplement your existing borrowing arrangements with the bank.

Quite often , as with any asset acquisition , its all about the monthly payment and more often than not you will find that the lease financing solution provides you with the lowest monthly payment , and in many cases you can arrange that payment to reflect your actual working capital situation – i.e. seasonal payments, skip payments, quarterly payments ( if desired ) etc. That is true flexibility.


Most lease financing solutions in Canada are at a fixed rate, but in some cases variable rates are also offered.

When clients ask us what are some of the major challenges or pitfalls of equipment leasing and financing we advise them that questions can be answered in a very simple manner - business owners need to focus on which benefits of lease equipment financing appeal to them and then work with a partner who can deliver optimal rates, terms and structures based on your firms overall credit quality.

The challenge for Canadian business is working thru the plethora of hundreds of equipment finance firms, many of which may not be suited to your type of asset acquisition and your firms overall credit quality. In Canada rates on equipment leases depend on the size the of the asset, the financial strength of the leasing company (they borrow money too!) and the overall credit quality of your firm. Leasing when it comes to pure interest rate focuses on your ability to generate future cash flows to make the monthly payment.


Thousands of leases are written every year in Canada for commercial, industrial and construction equipment when the historical cash flow of a customer does not necessarily reflect the future ability to pay. In that case the lease becomes what is known as ‘structured ‘, which simply means that a down payment might be required, the term of the lease might be shortened, and in some cases some additional collateral might be required Lease firms are in business to write leases, so usually every effort is made to complete a transaction that makes sense for all parties.


We advise customers to work with a credible, experience and trusted advisor in this area who can help your firm navigate the occasionally complex world of equipment financing in Canada. When you are successful you will have benefited from one of the great financing strategies of Canadian business - improved cash flow, prompt approvals, flexible payments and potential tax and accounting benefits. Those are great reasons to lease finance your assets.






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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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

Factoring in Canada : Working Capital Financing When You Need It

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Admit It ! Your Company Just Might Have A Working Capital Challenge & We've Got A Solution

Information on working capital solutions including asset based credit lines, true working capital facilities and a/r factoring

Factoring in Canada – as a Canadian business owner or financial manager you have heard of this type of financing but require more information in two areas:


How does it work ?

What does it cost ?


Naturally, even more important, is it right for your firm? Factoring in Canada is what we would call somewhat ‘fragmented’ as a business or industry. As a result many clients we meet either have entered into the wrong kind of factoring facilities, or simply don’t know where to go when they want more information. Because of that we encourage business people to enlist the aid of a trusted and experienced financing advisor in this area.


Unbeknownst to many people there are even banks in Canada, including some in the big 6 that offer this type of financing. We would position that offering as probably the best one in the industry, however our overall financing volumes must be very large and typically a facility would be at least in the one to two million dollar range, so that does not work for everyone .


When we refer to factoring we can make the statement it is in the general category of asset based financing – but it’s very specific in that in deals only with your account receivable. The basics of the factoring finance offering are that your receivables are purchased, as soon as you issue them, (if you wish). Legal ownership of the receivables is not longer your firms, but you have the immediate cash flow and working capital by virtue of having sold those receivables.


In our opinion 95% of the factoring in Canada involves the factor firms role in the billing and collection of your accounts – we don’t necessarily feel that is the best facility for the Canadian marketplace and encourage customers to initiate a facility whereby they get all the benefits of factoring from a financial perspective, but at the same time are able to bill and collect their own receivables. Most Canadian business owners are not looking for what we could call an ‘intrusive ‘financing facility that has their customers interacting with the factoring firm.


Canadian business probably does not realize that factoring, also otherwise known as invoice discounting, is used by thousands and thousands of firms in Canada. It has become more popular for a variety of reasons, one of them simply being that as it gets more difficult to obtain business credit in a challenging financial environment factoring itself offers total solutions to working capital and cash flow challenges. Another key point is that this type of financing has a broader appeal to companies that are either in start up phase, or growing very quickly and unable to access more traditional working capital.


A true feature of factoring is that it in effect provides you with unlimited working capital. By that we mean that if you have a traditional banking or term lending type facility it has caps and limits on it, including things such as covenants and other collateral. Since the underlying asset in factoring is just the account receivable, we can make the statement that if your receivables are continuing to grow you will always have the commensurate access to cash for all those receivables.


Most of the factoring in Canada is done on a recourse basis , so your firm ,or your factor partner, has to do some level of due diligence on your customers, although naturally every Canadian business should be doing that anyway . So if a receivable becomes uncollectible then you need to repay that amount that was advanced on that receivable.


In summary, if your Canadian firm is looking for a traditional factoring model and you don’t have concerns about your customers being notified of your factoring facility, this type of financing will suit you.


However, if you wish to maintain a total control of your billings, collections, and your interaction with our clients then consider a true working capital factoring facility – You will have all the funds you need, and your financing will not be transparent to your client based. That’s a great financing solution.



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

http://www.7parkavenuefinancial.com


Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations .

' 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