Business Financing – A Casual Explanation !

 

OVERVIEW – Information on business capital sources in Canada. Financing companies requires a solid knowledge of what type of loans you require for certain aspects of your business

Business capital sources often require just a strong dose of common sense when it comes to choosing the right type of financing / loans suitable for your needs. We’re offering up… you guessed it… a casual explanation of Canadian business finance alternatives. Let’s dig in.

It’s easy to see why some business owners/financial mgrs/entrepreneurs feel significantly challenged in their funding and capital needs. One reason? They think they are looking for the ‘ silver bullet ‘ in financial solutions. But the good news is that taking logical steps in identifying your finance needs will provide you with a strong sense the path you need to follow.

The common sense approach to loans and finance solutions is just that – ensuring you understand your current financial position, evaluating financial alternatives and ensuring you know who the financial sources are that deliver on financial needs .

While in many cases that might involve a Canadian chartered bank the current business loan landscape suggests numerous other alternatives are being offered by numerous non bank lenders – the world of ‘ alternative finance ‘. Certain industries lend themselves more to certain types of financing – so understanding what other competitors are using for financial solutions is helpful ; in this case a knowledgeable business advisor can be of great assistance. Suffice to say that information and knowledge in this area carries a certain level of confidentiality and discretion.

Your company’s balance sheet will often reveal the current financial position of your company – knowing the amount of funds you need and what they will be used for is the next step after that.

A lot of ‘ clarification ‘ can be derived from simply understanding the stage your business is in, as certain financial solutions are more applicable than others depending on whether you’re a start up, early stage, or ‘middle market’ and growing. Whether owners like it or not earlier stage firms will often require support and guarantees from owners, along with the need to identify the right mix of debt and owner capital.

What financial solutions are in fact available to your firm? They might include:

A/R financing

Inventory Loans

Equipment Finance Solutions

Bank credit lines/term loans

Non Bank asset based revolving credit lines

SR&ED Tax credit financing

Commercial mortgages

Cash flow/mezzanine financing

Knowing what info you might need to make a strong financing case is key. Typical information might include a business plan (not always but helpful, a cash flow forecast, and historical and interim financials.

That’s our fairly ‘ casual ‘ explanation of business financing needs/alternatives. If you’re looking to make sense of the commercial loans landscape seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist your with funding needs.

Stan Prokop – founder of 7 Park Avenue Financial


http://www.7parkavenuefinancial.com

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 = 905 302 4171

Office = 905 829 2653

greg@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

7 Park Avenue Financial
Canadian Business Financing