Business Financing Action Plan : Got One?
loan funding

 

Information on business financing alternatives in Canada . Different types of loan funding for your company come with different requirements and chances of success. Here is what you need to know

 

Business financing alternatives in Canada are best sought out and accomplished via an action plan. If a business is constantly struggling in its loan funding needs a sense of mediocrity sets in – that’s not a good thing. Let’s dig in.

While the goal of the company seems simple – i.e. access business capital in fact that journey is a potential complex process. Potentially there’s a lot of turbulence
out that that comes in the form of issues in your industry, competition, and the current state of your financials.

What then are key factors that will ultimately affect your success / failure in accessing business finance solutions? They include the actual resources you have on your balance sheet, the amount of capital that owners have committed already to the business, and the knowledge that business owners/mgrs possess around sourcing and closing on funding needs.

It’s important to note also that finance solutions can be short, intermediate or long term in nature. Choosing the wrong financing for the wrong timeline will simply have owners/financial mgrs hitting major roadblocks quite quickly. The goal though should always be simple – access capital at the best cost and ensure you haven’t overlooked new financial innovations that abound in the marketplace. And sometimes it’s a case of looking at a temporary solution versus a total solution.

How can the business take a hard look at its current financial position? Quite frankly it’s all about the basics – taking a hard look at current payables, understanding your days sales outstanding, inventory turns ( if applicable )and figuring out how much debt you can take on . That’s if in fact debt is the solution – in many cases simply monetizing assets on your balance sheet gets you to the goal line.
In many cases your current lenders may not be in a position to work with you on new financing – that might be because your firm can’t meet those ‘ ratios’ and ‘ covenants’ that banks and other senior lenders seem to totally focus on. In many cases where we meet new clients it’s a case that current financing arrangements are in a state of default either technically or informally via broken relationships. It’s time to move on.

What are in fact the solutions available to your business from a view point of operational financing or growth financing? Traditional and nontraditional alternative finance solutions include:

A/R Financing/factoring/ Confidential Receivable Financing

Inventory Loans

Bank credit lines/term loans

Asset based business lines of credit

Financing existing tax credit receivables (SR&ED)

Equipment Financing/ sale leasebacks

Royalty Finance

Unsecured Cash Flow loans/mezzanine financing

Working Capital Term loans

If you’re looking to move from ‘ mediocre’ to highly desirable in loan funding needs 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 that action plan in place .


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