A Whole New Way To Look At Business Financing In Canada – The New Normal ? !
OVERVIEW – Information on business financing in Canada. Info on what’s new and what hasn’t changed on cash flow and corporate finance loans and funding solutions for small, medium and enterprise companies
Business financing in Canada would be a lot easier if your company had a ‘ made me measure ‘ solution for the loans and other corporate finance solutions needed to allow a business to survive and grow.
There just might be a whole new way to look at that challenge, in effect a whole new landscape in the capital and funding model you need to run your business. Let’s dig in.
That business finance landscape we mentioned is in effect the solutions that are populated by either traditional bank financing as compared to the newer forms of alternative finance solutions. Most new firms look to banks initially to fulfill their loan and cash flow needs. That naturally brings a bit of challenge to the table, given there is a higher risk profile generated in any business that is either new or growing too quickly. (Faster growing businesses use cash, that don’t generate it!)
So how does your company address that gap as your business moves from start up to growth to mature? Along the way there will be either temptation or necessity to either take on more debt, or even to sell or merge the business.
One excellent way of addressing the challenge we discuss here is to ensure you’re focused on the right timeline in your overall capital and cash flow structure. The ability to avoid times when borrowing has to become ‘ urgent ‘ necessitates the need to take on debt and monetize assets when the time is right. As the economy vacillates between strong, weak and crisis the owner/financial mgr challenge is to focus on loan and working capital solutions that are right for the times.
One top expert describes the ability, or should we say ‘ inability ‘ of Canadian firms requiring SME COMMERCIAL FINANCE solutions from Canadian chartered banks as, to put it mildly, ‘ constrained!
How then does the owner/financial mgr address the banking constraint – simply speaking, accessing all the loans and credit line solutions offered by the banks?
Answer? New alternative financing solutions often previously either disregarded or, even worse, unrecognized as being available.
Those alternative solutions? They include:
A/R Financing / Confidential Receivable Financing
Asset based business credit lines
Govt Guaranteed Small Business Loans (new cap = $ 1,000,000.00)
Tax Credit Financing (primarily SR&ED)
Software/Technology Financing Solutions
If your firm is looking for a new way to measure finance needs and address the new ‘ normal ‘ in Canadian Business Financing 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 tailoring the right solution or combination of solutions that make sense for your business.
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 ‘
Stan Prokop – founder of 7 Park Avenue Financial –
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 :
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