YOUR COMPANY IS LOOKING FOR BUSINESS CREDIT LINE 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?
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Business lines of credit are among the most solid tools to help companies grow revenues and, hopefully...profits. Asset lending, known as ' ABL, is the credit line that may, in fact, give you ' full time' assistance to cover your working capital and cash flow needs. Let's dig in.
The necessity for ongoing cash requirements has business owners always looking ahead to how their business can remain ' liquid.’ They are looking for that cushion of help when they really need it. Companies seeking SME Commercial Finance understand very quickly that banks' bias seems to lean towards larger corporations - while they toil to source financial resources to meet growth needs.
As we have said in the past, thousands of firms in Canada find themselves ' underbanked.’ That situation forces them to look at alternatives to traditional Canadian bank financing.
In some cases clients, we meet are, in fact, being asked to, shall we say, ' exit ' their bank relationship. At the other end of the spectrum, the company is growing so fast traditional financing cannot meet the needs. Asset Based lending offers the solution in both these cases, albeit almost always at a higher cost and terms.
Those companies wishing to return to prosperity, though, must consider all options, and the ABL credit line, typically from a non-bank commercial finance company, is almost always the way out. Naturally, some planning is required along the way, including hopefully cash flow and sales projections.
In most cases ( but not all ), Asset line of credit, lenders are looking at ' tougher/more difficult' transactions. They are focusing on the true collateral in the business - inventory, receivables, fixed assets, and of course, sales prospects. In some cases, business owners are looking to dramatically increase the ' personal guarantee' aspect of their current financing arrangements.
In almost all cases, asset-based lines of credit offer ' flexibility. ‘ Owners and mgrs utilizing the asset-based credit line focus on growing the company and ' righting the ship ' from a financial perspective. In some cases, these credit facilities can easily finance a merger or acquisition. The real competitiveness in the ABL market today allows companies to choose from several firms offering this facility.
If you're looking for a real-world focus on business financing intelligence around financing solutions such as ABL business lines of credit, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your finance needs.
Click here for the business finance track record of 7 Park Avenue Financial
