Has Taking On Business Financing In Canada Changed?
OVERVIEW – Information on changing trends and solutions for business credit in Canada for the SME sector .Sources of Loans and finance alternatives have changed dramatically

Has business credit and access to financing solutions really changed that much in Canada. It has if you talk to many of the clients we meet, many of whom consider it an epic battle

to access the financing they need to run, and as importantly, grow their companies. Let’s dig in.

While Canadian chartered banks are doing as great as they always have many firms in the SME ( small to medium enterprise ) sector feel the credit borrowing standards for loans and other bank solutions have in fact not eased to the extent the banks maintain they have since the 2008 global implosion.

When you think about it , it’s all about getting credit, and ‘ giving ‘ credit, as your ability to provide credit terms to clients that match their needs can make or break your business. And both of those issues, i.e. accessing credit, and supplying credit to your clients affect profits, sales, and cash flow. It’s a holy triumvirate of sorts.

So what does the business owner/financial do when they find themselves ‘ discouraged’ by the lack of business financing solutions? One alternative is in fact just that… ‘Alternative financing ‘ via non bank solutions.

When it’s all about ‘ Cash flow ‘ and access to credit lines, term loans and equipment financing numerous solutions are available. Some are what we could call ‘ direct replacements’ for bank solutions; others are derivatives or extensions of what main street calls ‘ Traditional Financing ‘.

A recap of these solutions? We thought you would never ask! They include:


Confidential Receivable Financing

Working Capital Term Loans

Purchase Order Financing

Bridge Loans

P O Financing

Mezzanine Financing

Inventory Financing

Asset based non bank lines of credit


Govt SBL loans

Tax Credit Monetization for SR&ED and Film refundable credits

The need for cash flow and working capital solutions is a dynamic one, we can easily call it a ‘ moving target ‘. Many of the alternative solutions referenced above relate to what the finance industry calls ‘ bulge’ requirements that arise over time with the ebb and flow of business success and challenges. The bottom line – Simply that good cash flow and debt financing needs today might, and often aren’t there tomorrow.

Qualifications of course vary for each alternative finance solution, but suffice to say that since they are all ‘ non bank’ in nature they are infinitely more achievable when you have assets, sales, and prospects that can be substantiated.

Is business credit important to Canadian owners and financial managers? It is if you believe cash flow is king. Never ‘ bank’ on the fact that your firm is un- financeable – Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in fighting that epic battle for loan and finance success in Canada.

Author: Stan Prokop – founder of 7 Park Avenue Financial


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:


Greg LaBella
7 Park Avenue Financial
Off.   905 829 2653

Cell   905 302 4171


7 Park Avenue Financial
Canadian Business Financing