The Problems With Business Financing : Will You Secure Yours?
funding businesses

 

OVERVIEW – Information on funding businesses in Canada. Business financing requirements differ both in size and type of traditional and alternative finance loans and asset monetization solutions and strategies

 

Funding businesses in Canada often revolves around one question – what is the ‘ right ‘ business financing for your company and what loans and other solutions make the most sense and are most applicable. Once you’ve found that potential financing solution one other question looms – Can you secure that financing! Let’s dig in.

Having the right type of financing in places allows owners/mgrs/entrepreneurs to focus on what always seems to
be one of their main goals – growing sales revenues.

The ability to fund your company and accelerate what is known as the ‘ cash conversion cycle ‘ allows you to control the amount of funding you need. If you can limit the amount of capital your business requires or consumes that obviously allows you to not have to consider outside equity, and in most cases simply control your borrowing costs and amounts. That’s a good thing.

What then are the key financial borrowing resources you can rely on to fund your business – The main ones include:

A/R Financing

Inventory loans

Chartered bank revolving lines of credit/ term loans

Equipment Financing/ Sale leasebacks

Commercial mortgages

Royalty Financing

PO/Contract Financing

Mezzanine Finance/ Unsecured Cash flow loans

Non bank asset based credit lines

The one category that always deserves and gets a lot of attention in your business is the whole working capital conundrum. The ability to manage, and finance your key most ‘ liquid ‘ resources (cash, inventory/receivables) makes or breaks a business.

While the typical ‘ go to ‘ is the bank thousands of businesses find they don’t qualify for the credit quality that banks demand. That’s when alternative financing sources must be considered. If you can’t fund your daily operating needs all the way through to collecting customer invoices a cash flow crisis of some sorts looms. Even managing payables with a total focus on maintaining vendor relationships while delaying cash outflows to the extent you can becomes a major win or lose scenario for business owners/mgrs.

The reality is that every business and every industry requires some form of internal or external financing. Companies that are larger and fast growing differ in needs from startups or companies just starting to get revenue traction. In some cases once in a lifetime opportunities to either secure a new contract or even acquire a competitor present themselves.

If you’re focused on the ‘ right ‘ solution for financing your company and the goal is to secure that 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 your needs.


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