OVERVIEW – Information on commercial financing options for Canadian business owners. Proper Business finance choices is a top priority when it comes to successful growth and operating strategies.
Commercial financing options in Canada are a solid item for your ‘ bucket list ‘. The proper business finance solutions for your company should have top priority on that bucket list!
While some might consider the ‘ finances’ of your business as somewhat boring we don’t, in fact the right solutions can put’ fireworks’ into your growth and operating plans. Let’s dig in.
Most business owners / mgrs in the SME COMMERCIAL FINANCE needs area recognize that business loans are a top priority and play a significant role in their companies. And when it comes to choices the term ‘ comparison shopping ‘ seems quite appropriate.
While many clients we meet focus solely on ‘ interest rate ‘ not all firms can guarantee their chances of approval at low rates- it’s equally as important to focus on terms, structure, and what type of financing best suits your needs at that particular time.
Many firms we encounter are wrongly focused on equity capital but are unaware that they don’t possess the ‘ blistering growth’ that is required by VC/Angel type investors. In many cases they are also too ‘ early stage ‘ and can’t provide clarity around key differentiators, much less a solid business plan/cash flow forecast.
Traditional bank financing in Canada comes with low rates and flexible terms – the downside is that approval times can be lengthy and might not really be the amount and type of financing you need to facilitate operations/growth success. Many owners/mgrs often get discouraged in the whole bank process, rightfully or wrongfully so.
What other doors are open to the business owner? The route to potentially consider is alternative commercial lenders – who will also often place less focus on the personal finances of owners. Those ‘ personal finances’ are key in bank lending, with issues such as personal credit score and collateral being a main focus.
Alternate business finance solutions are easier to access; financing costs are higher but are in fact coming down due in part to booming competition in this area.
‘DEBT ‘ is often a two edged source in commercial financing. Too much is unhealthy; a lack of debt might also though indicate your firm can’t get the financing it needs to grow a business. More importantly, we maintain that ‘ debt ‘ is not always the solution. Numerous cash flow and working capital solutions are available – they include:
Inventory finance at commercial/retail levels
Non bank asset based lines of credit
Tax credit financing
Sale leasebacks – fixed payments and spreading out the cost are key features in assets you already own
Those solutions noted above can fuel growth that can increase demand for your services and allow you to take advantage of competitive situations that provide a win for your business.
If you’re looking to clear that #1 bucket list item – proper ‘ business financing’ , seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can help you put the ‘ fireworks’ back in your growth strategy.
7 Park Avenue Financial : 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 . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCING EXPERTISE
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Office = 905 829 2653
‘ 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.
7 Park Avenue Financial
Canadian Business Financing