Business Financing In Canada : Let’s Play Ball funding and sources

OVERVIEW – Information on business finance sources in Canada . Commercial financing has more baseball similarities than you might think !

Business finance sources in Canada are quite akin to some solid baseball analogies. While that might be missed by some consider the following –


Stepping up to bat

Getting to first base

Rounding Second

Home Plate = Success

Sliding into home plate business financing and fund sourceshighlights the risk and yes, high rewards of financing achieved properly.

Commercial financing still presents a huge challenge to firms all the way from start up growth in the SME sector. Let’s explore that analogy, allowing your company to ensure its one of the ‘ good players’. Let’s dig in, or should we say ‘ let’s play ball’

Unlike many sports that allow you to practice and get it right many poorly chosen business financing options can quickly take you down the wrong road. At the same time though preparing properly for the financing you need
is in act a key ingredient to business survival and success.

So… stepping up to bat … If your firm is either in start up , or early revenue phases your ability to explore the right funding options is ‘ job 1 “. Options for start up rarely include talking on any form of debt, so typical initial financing includes:

Owner equity
Asset monetization – Receivable Financing / SR&ED Tax credit loans
PO/Contract financing

The one solid exception to ‘ debt financing’ for Canadian start ups is the Government of Canada Guaranteed Small Business Loan – aka the ‘ SBL’. It is available without external collateral to owners/entrepreneurs who have reasonable personal credit history (i.e. Credit Bureau Score = 650+) and does a great job of financing new and used equipment needs, as well as leasehold improvements. Spoiler alert – rates and structures are very attractive and flexible

Trying to get to first base? As your firm gains business ‘ traction’ you’re in a position to take some real ‘ first steps ‘ in debt financing and asset monetization. These solutions include:

Commercial Bank Financing

Receivable Finance (Factoring, Confidential Receivable Financing)

Asset based ‘on bank’ business credit lines

Equipment Financing

Working Capital Term loans

Preparation for any of the above finance solutions should include up to date financial statements , aged summaries of a/r and a/p, and , equally as important, a realistic cash flow forecast. Note – Hockey stick unrealistic projections need not apply!

Rounding Second Base? This is always a critical time for business finance choices. Your firm might be in high growth mode, and may well want to entertain finance solutions such as Mezzanine cash flow finance. Alternately your firm may be experiencing severe challenges and may well have to address the need to change from traditional bank type financing to alternate lenders who are willing to take that extra risk. Here things like debt levels, CRA obligations, or the need to ‘ right size ‘ your business is key.

The home run scenario: Canadian businesses that hit home runs have done their best and succeeded relative to financing challenges and mastering the unexpected problems along the way. Unfortunately business is never about just ‘ one swing of the bat ‘ for a home run, so if you want to ensure reaping the high rewards of a properly financed business at all times seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can ensure ‘ strike outs’ are kept to a minimum and chances of business survival and success are maximized. Batter up!


7 Park Avenue Financial :

http://www.7parkavenuefinancial.comBusiness 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

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8


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