YOUR COMPANY IS LOOKING FOR BUSINESS CAPITAL AND OPERATING FINANCING 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 - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Business capital, well, actually the lack of it, can put companies into a highly undesirable tailspin. How does the business owner/financial manager ' unlock' the operating financing they need to run the business? Let’s dig in.
Once companies are past that challenging ' start-up ' phase, the need for even more capital emerges. That funding needs to come in the form of long-term capital, as well as operating cash. That operating cash provides ' fuel' to your business, allowing it to grow.
Thousands of Cdn firms choose to invest in R&D to better their products/services. If that's your firm and you aren't taking advantage of Canada's SR&ED program for your refund in research and development... well... shame on you! We'll add that those r&d credits are financeable also, and a SR&ED bridge loan helps to accelerate business cash flow recovery.
We're focusing mainly though on ' operating expenses' and how the business finances those needs. Here's where a basic cash flow forecast comes in as essential. Most business owners/mgrs will agree that it's a bit more challenging to forecast ' cash flow coming in' versus expenses, many of which are fixed.
As we have hinted, cash ' inflow' is more about ' timing,' so knowing how to finance your assets and your sales is really the essence of the secret to unlocking business capital.
Where do those funds come from? The most basic sources of funding include:
Owner equity / collateralized personal assets (Businesses that can't demonstrate long term financial potential to outside investors/partners will have to self fund their businesses)
Business credit cards
Term loans / Revolving credit facilities
Trade credit from suppliers
Accounts Receivable Finance (The appeal of A/R Financing, via a bank or a commercial lender is significant. Financing comes from your sales, not from your overall ' business credit' profile)
Govt Business Loans (The federal ' SBL' loan program has recently been expanded and will have appeal to many startups and early-stage firms)
Tax Credit Financing
Equipment Finance
Which of those will work best for your firm? The reality is that it's a combination of matching several of those finance solutions to run and grow your business effectively.
So, our recap? Simply that, careful time should be spent on estimating and understanding your operating finance needs, either from your business assets or sales. Consider speaking to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with external finance needs that will allow you to ' scale' your business.
Click here for the business finance track record of 7 Park Avenue Financial
