OVERVIEW – Information on business financing options in Canada. Many alternative finance options , loans, and cash flow solutions are available to the owner/financial mgr. When traditional funding and capital needs can’t solve the challenge it’s time to look at alternate solutions
Business financing opportunities and solutions don’t always provide owners & financial mgrs with the capital they are looking for. We’re stepping inside the world of business financing options with the focus on … getting what you need and want! Let’s dig in.
The most sought after funding solutions for business are often traditional Canadian chartered bank solutions. Many ‘SME’s’ ( small and medium enterprise ‘ firms often require some form of term debt, aka ‘ loans’ to help set up early needs in investment requirements.
But wait! There’s a challenge, which should come as no surprise to most entrepreneurs, which is that Canadian banking cannot always fill the bill when it comes to those immediate needs. The reason? Bank financing is often best suited for firms that are later in their growth cycle. Companies that have dynamic needs and who are fast growing present more of a risk to the banking sector.
That’s therefore the ‘ gap ‘ we often are talking about with our clients – the ability to find loans and cash flow solutions that can fill your growth needs during times where cash flow and profits might be a bit more erratic . In some cases it’s simply the need to seize the ability to take on a large contract or fulfill and order. That’s even more pronounced when it comes to firms that are pure start ups, or service and tech type firms that might have services to offer instead of products.
The irony that’s not lost on most business folks is that it’s the SME sector that in fact drives the economy when it comes to employment and economic growth.
So, we’re discussed the problem. How about the solution? Many forms of innovative funding can be found in numerous ‘ alternative financing ‘solutions available to Canadian business. These include:
A/R FINANCING / FACTORING/ CONFIDENTIAL RECEIVABLE FINANCING
FLOOR PLANNING FACILITIES
WORKING CAPITAL TERM LOANS
SR&ED TAX CREDIT BRIDGE LOANS
EQUIPMENT FINANCING/ SALE LEASEBACKS
NON BANK ASSET BASED REVOLVING LINES OF CREDIT
These solutions can be used to grow your business, acquire a business, or to change their overall capital structure, often giving you the ability to de-emphasize ‘ debt ‘ with more of a focus on cash flow financing.
If you’re ready to step inside the world of Canadian business financing options available to your firm seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you ‘ get what you want ‘!
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 :
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Direct Line = 905 302 4171
Office = 905 829 2653
Email = firstname.lastname@example.org
‘ 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