YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - INFO@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Business capital. It's almost always time to step outside to loan financing and other debt and cash flow facilities available to Canadian businesses. And ' step outside ‘We, of course, referring to ' External Financing '! Let's dig in.
While it's certainly possible to be 100% self-financing (many are but not by choice!), the reality is that any business with growth plans or asset needs will at some time require ongoing external financing. In the case of those businesses having ongoing losses, some capital level is needed to replace those funds.
How should the business owner/financial manager look at external financing? It simply a three-pronged choice:
Equity Capital
Debt
Asset Monetization
We've noted in the past that many firms spend just a little too much time chasing down equity, given that only the smallest amount of firms even qualify for consideration, let alone approval, for private equity, VC money, etc. Be realistic on your chances and focus on achievable.
Earlier stage firms are often in the most challenging area - needing loan and asset financing the most but being in the least able to qualify ' category. However, many alternative forms of financing can address business capital needs at this stage - they include:
P O / Contract Financing
Receivable Financing
Equipment Finance - (Lease financing can address all forms of credit quality)
Non-bank asset-based lending facilities
Sale Leasebacks
Tax Credit Refund Financing - Sr&Ed loans
Govt Guaranteed Small Business Loans
Not being able to access the type and amount of business capital the firm needs forces many owners to be in the unfortunate situation of mixing business and personal credit - i.e. credit card debt, collateral home mortgages, collapsing savings.
Top experts tell us that banks and commercial finance companies make 90% of all business loans made to firms in the SME COMMERCIAL area. That's where the business owner should be focusing. The other 10% of loans and financing is provided by credit unions, government programmes, and credit card borrowing.
To best access the right amount of loan/asset financing you need, it's critical to have a clear loan package available. That includes potentially (but not always) a business plan and financial statements, cash flow projection. That cash flow, by the way, is probably most required and least provided by most!
If you're looking for a good ' fast forward ' towards successful business capital and loan financing, seek out and speak to a trusted, credible and experienced Canadian business financing advisor. At that point, you're in the right place!
Stan Prokop
