Looking For Someone To Tell You Where To Go .. For Canadian Business Financing ?
finance alternatives

 

OVERVIEW – Information on financing a business in Canada. Small , new, and even established larger companies need to understand finance alternatives to propel their business forward towards more sales and profits

Financing a business in Canada sometimes requires that owners/financial mgrs be prepared for someone to… tell them where to go! In effect we’re talking about ‘ rewiring ‘ your finance needs. Bottom line it’s important to understand your finance alternatives, choosing the right one, or ones to propel your business. Let’s dig in.

The landscape of Canadian business financing has changed dramatically in recent years – while many both popular and ‘ conventional’ sources of capital are still available (sometimes in’ limited quantities’) there are in fact numerous ways to finance a business that we could call both creative, and simply speaking ‘ alternative ‘ We’ve maintained for years that in many cases ‘ alternative’ is the new traditional!

Many businesses, (perhaps yours?) can actually support loans via assets and the ability to generate sales revenues but find themselves unable to meet bank criteria. There also are, of course, start ups and early stage firms that are just coming out of the gate – also challenged with financing.

Top experts tell us that in recent surveys over 60% of business owners plan to acquire new or additional assets to grow their business. In this case it makes a lot of sense to consider lease financing and/or term loans to acquire long term fixed assets or technology.

While Government touts helping business actual direct assistance is limited in nature – Our two recommended sources of funding for clients in this area is the Govt Guaranteed Small Business Loan ( it’s not as small as you think ) , and the R&D SR&ED program – and by the way those SRED credits are financeable for cash flow purposes. While most people feel the govt is ‘ hard to deal with ‘ these two programs go against that grain and are in face accessible and used by probably over 10-11,000 businesses annually in Canada.

A lot of business liquidity comes from your firm’s progress in both selling and collecting. Therefore A/R financing is often at the top of list in a recommended solution in financing a business.

Whether your firms uses bank business lines of credit or popular non bank alternatives such as A/R financing (factoring). Our recommended solution in this area is CONFIDENTIAL RECEIVABLE FINANCING, giving you the ability to bill and collect your own receivables, and finance them as soon as you generate a sale. In that solution cheques from clients come to your company, not the finance firm! The ability to work with a legitimate and reputable commercial finance partner in this area is key.

A ‘ full blown’ solution to the business line of credit is an ABL solution. That’s ‘ ASSET BASED LENDING ‘ – allowing you to combine your receivables, inventories and even fixed assets into one marginable revolving credit facility. It’s more costly than bank financing of course but works and is used by thousands of firms – even large well known corporations who recognize the additional borrowing power.

If you’re charged with financing your business and exploring the right finance alternatives seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
– get that help you need to ‘ rewire ‘ !

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 :

7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS FINANCING EXPERTISE

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

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