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?
CONTACT:
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 finance access should always be a concern to business owners/ financial mgrs in Canada. Alternate financing loans and other solutions arise out of the necessity to fix your company's wrong. We're covering some of those ' do's and ' don’ts ' when your financing access ' dries up. ‘ Let's dig in.
For a starter, it's critical to recognize those warning signs when your company's financial health is going off-kilter. Although business folks always fear their sales revenues going south, they rarely associate a huge sales increase with financial distress. In some cases, even the simple issue of ' seasonality ' can affect your firm negatively when it comes to cash flow or working capital needs.
When those sales translate into a change in profits or, worse, a huge investment in unpaid accounts receivable, it's safe to say you could be on the verge of financial distress. Alternate financing, such as A/R Finance solutions such as factoring or asset-based credit lines or PO Finance, can fix that problem and are often the sole solution to the dramatic increase in your sales.
Putting the sales revenue issue aside, any unattended increase in working capital needs will always highlight cash flow problems - whether you're making money on paper or not. Pricing, margins and inventory type issues always need attention. Those two solutions can also address an often common problem of the traditional lender's concern (aka ' the bank ') that your company is too dependent on any one customer.
In some cases, your company might not be able to invest in areas such as new equipment /technology, or even R&D, for those firms that consider themselves leaders in their industry. Proper equipment leasing and financing strategies and SR&ED Credit financing can often assist in these two respective areas.
On occasion, we meet clients where the ugly head of ' CRA ARREARS' has arisen. That failure to pay taxes or divert those intended funds to other areas of your business is a key sign of financial distress, and many forms of alternative finance can 'fix' the CRA delinquency issue.
Many firms who are too far down the path in financial challenges find themselves offside with their bank; in many situations, they are placed in the ' special loans - non-performing loan ' category. This is exactly the time to consider alternative finance loans as your ' takeout. ‘
It's important at times of financial challenge to either reschedule liabilities, restructure your business finances while at the same time taking a hard look at your operations. In some cases, refinancing owned fixed assets such as equipment or real estate can be accomplished via an effective sale-leaseback lease or loan. While potentially a cost, an appraisal has great value to both your company and any proposed lessor/lender.
Bottom line - At these times, it's critically important to take a hard look at your balance sheet and monetize assets or refinance effectively. A cash flow /business plan time investment is also a solid requirement in these times.
If you're looking to fix your firm's finances healthier and ensure access to financing at all times, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your business finance access when it's most important.
