Looking For Some Business Financing Magic?

 

OVERVIEW – Information on business financing in Canada. Various types of cash flow and loan needs can work together to provide you with the finance solutions you need to run a business successfully

Business financing in Canada shouldn’t rely on any sort of ‘ magic ‘ when it comes to getting the right type of loan or cash flow solution for your business.

In fact when things work well you’re more likely to rely on some real ‘ chemistry’
among the right type of financing solutions for your balance sheet. That chemistry, or interaction of various parts of your balance sheet that will deliver on that ‘ magic’ that business owners/financial mgrs are looking for. Let’s dig in.

In many cases financial solutions you are looking for don’t even require major increases in sales or expense reductions. The right loan and asset monetization strategy simply accelerates the cash you need to run your business. It’s actually a basic business goal – more cash / less time!

Business owners and financial mgrs are constantly challenged on some finance basics. They include managing the assets you already own, ensuring they are properly financed, knowing what options are available for borrowing, and recognizing the benefits that comes with either equity or debt financing, both of which have their own merits. Today we’re focusing solely on debt financing and monetizing you assets and sales.

Those businesses that manage their cash flow and working capital better than others are able to show higher levels of cash and hopefully profits!

Short term working capital needs revolve around financing your current assets. Strategies here include:

Bank lines of revolving credit
Non bank asset based credit lines
A/R Financing/factoring
Inventory Loans
Tax Credit Loans (SR&ED)

Until business owners/mgrs understand how much they need to finance daily operations they will never be successful in cash flow mgmt. And managing those assets such as A/R and inventory in a better fashion will always lower financing costs. Given that most businesses buy on commercial credit terms even managing payables more efficiently leads to better cash flow.

So how much financing do you in fact need for your company? If your business is getting ‘ larger’ and growing ‘ faster’ you should very much be focusing on financial solutions that fill the gap.

Longer term financing needs can be addressed via other solutions. They include:

Equipment Financing
Sale Leasebacks
Working capital/cash flow term loans (That becomes permanent working capital)

If you recognize the need to focus on the right type of chemistry, and dare we say financial ‘ magic ‘ in your business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you with your loan and cash flow 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