OVERVIEW – Information on planning steps required for cash flow financing in Canada . Here’s your ground work for business finance solutions that address your needs
Business finance in Canada often has owners feeling that fundamental needs such as cash flow financing only exist in some ‘ alternate universe’
The reality though? If you spend some time on what we could call a ‘ bullet proof’ strategy for success will alter your observations on financial success. Let’s dig in.
Business owners/ mgrs first of all have to focus on the timing of their need – i.e. is it short term financing or longer in nature. While the owner/financial manager often knows what stumbling blocks will exist in the finance journey the reality is that many times a banker, external advisor, accountant, lawyer, etc will provide some objective advice around what results can realistically be achieved.
Timelines need to always be considered – many clients we meet are looking for funding ‘ yesterday ‘ but the harsh reality of assessment, due diligence, documentation, etc requires in some cases a painful amount of time.
While many other factors can very easily affect your success in business financing (economy, technology, govt, new competitors, etc!) the fundamentals around business need revolve around your ability to understand your past and current financial performance/condition.
Can you as the business owner/mgr really say that you understand the true financial position of your company? There are some real basics that don’t require the ‘ rocket scientist ‘ type work that we imagine those Bay Street boys are doing on every company. It boils down to simply understanding your balance sheet and income statement and how those two documents affect your cash flow
Typical issues to consider include – your payables and relationships with suppliers , account receivable turnover, inventory turns , how much debt you have relative to owner equity , and and the amount of new equipment of technology you need now or in the future.
Just knowing those and being able to tie them into your finance strategy will create a win when you are in front of banks or commercial lenders , While we only have 6 or so banks in Canada the commercial lending and alternative finance world is quite huge these days .
Having a clear business plan will often help your overall strategy. That plan covers putting proper words to the numbers.
If you’re looking for some help in a ‘ bullet proof ‘ overall finance strategy for financing around receivables, inventory, equipment, tax credits, etc seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can ensure access to capital and funding.
7 Park Avenue Financial :
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 FINANCE AND CASH FLOW 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