William Shakespeare weighs in on A/R Receivable Financing in Canadafactoring finance

OVERVIEW – Information on AR Receivables financing solutions in Canada . Reading between the lines in business financing offered by factoring finance companies for companies in search of cash flow and working capital

 


Factoring financing companies
in Canada can help cure the ‘ inequality ‘ that Canadian business owners and financial managers face when it comes to arranging working capital and cash flow financing, specifically AR Receivables finance. Let’s dig in.

Is it possible that even Will Shakespeare weighed in our subject?! We went back and found some famous sayings he made and it clearly seems to us that some of his most famous lines potentially referred to business financing and cash flow finance.

‘MUM’S THE WORD ‘ (From Henry V1) = the reality is that thousands of business owners and financial managers don’t really know enough about alternative financial solutions such as receivable finance. The truth? Simply that it is a strong alternative to traditional bank financing when your business can’t access bank financing, or enough of it. A huge part of the Canadian business sector now considers this method of cash flow financing as a quick and accessible popular choice.

‘RANT’(From Hamlet) it’s easy for many business people to ‘ rant’ against the banks. Why is that when our banks have one of the strongest reputations in the world? Simply because many business either don’t have the track record and financial strength that is mandated by the banks when borrowing for business credit. Banks in Canada are mandated by government and shareholder requirements to maintain a conservative lending policy.

And while rapid growth from the entrepreneur is desired, even dreamed about, banks typical stance is to prefer slow and steady, keeping those ratios and covenants intact. Growth drives the need for continual working capital as receivables constantly increase, along with inventories.

And if your firm doesnt have a pristine balance sheet, or has an operating loss, or perhaps the owners have some personal financial issues… well the bottom line is that those become new issues to struggle with when attempting bank financing.

“KNOCK KNOCK – WHO’S THERE’ (From Macbeth) – The who’s there refers to the choices you have when seeking out a financing partner for A/R RECEIVABLES finance. That includes regional firms, small boutique financiers that specialize in specific business segments and industries, as well as Canadian and U.S. owned firms of all size. Our specific recommendation here is to learn about and access CONFIDENTIAL RECEIVABLE FINANCING, allowing the business to bill and collect their own receivables without any intrusion.

If you want to maximize the availability of working capital from your asset base seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with you asset based financing needs.

Author: Stan Prokop – founder of 7 Park Avenue Financial

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies, specializing in working capital, cash flow, and asset based financing. In business 10 years – has completed in excess of $90 Million of financing for Canadian corporations. Core competencies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details:

CONTACT:

Greg LaBella
7 Park Avenue Financial
Off.   905 829 2653

Cell   905 302 4171
greg@7parkavenuefinancial.com

7 Park Avenue Financial
Canadian Business Financing