Has Business Financing Gotten Good Again ?

OVERVIEW – Information on business loans in Canada. Whether your company chooses a wide array of alternative finance solutions of traditional bank financing the Canadian Business Financing landscape offers more variety than ever

Business loans just may have gotten good again? The pursuit of funding and cash flow solutions for your business often seems like an eternal challenge. Let’s dig in.

Since 2008 there’s been a lot of change in finance options for Canadian business owners and financial mgrs. Depending on your firms circumstances and your ability to truly understand the different choices available to firms searching for SME COMMERCIAL FINANCE options.

How then do we create our road map for external financing techniques and solutions? A simpler way to look at it is to categorize these different financing options under:

Debt / Term Loans

Asset Based Financing

Alternative Hybrid type solutions

Many top experts maintain that the alternative financing solutions currently available to your firm in fact are on par with Canadian chartered bank financing when it comes to a full spectrum of funding.

If there is one major trend that’s ‘ sticking ‘it’s Asset Based Finance. The ability of firms to obtain funding via assets such as accounts receivable, inventory and fixed assets with no major emphasis on balance sheet structure and profits and cash flow ( those 3 elements drive bank financing approval in large measure ) is the key to success in ABL ( Asset Based Lending ) .

Factoring, aka ‘ Receivable Finance ‘ is the other huge driver in trade finance in Canada. In some cases it’s the only way for firms to be able to sell and finance clients in other geographies/countries.

The rise of ‘ online finance ‘ also can’t be diminished. Whether it’s accessing ‘ crowdfunding’ or sourcing working capital term loans the technological pace continues at what seems a feverish pace.

Business owners/financial mgrs often find their company at a ‘ turning point ‘ in their history – that time when financing is needed or opportunities and risks can’t be taken. While putting , or getting new equity in the business is often impossible the reality is that the majority of businesses with SME commercial finance needs aren’t, shall we say, ‘ suited’ to this type of funding and capital raising.

We’re also the first to remind clients that they should not forget govt solutions in business capital. Two of the best programs are the Govt Small Business Loan (maximum availability =$ 1,000,000.00) as well as the SR&ED program which allows business owners to recapture R&D capital costs. Sr ed credits can also be financed once they are filed.

If you’re looking to get the right balance of liquidity and risk coupled with flexibility to grow your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your funding needs.

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 :
http://www.7parkavenuefinancial.com

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8Direct

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.