YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE AND CASH FLOW 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 finance in Canada often has owners feeling that fundamental needs such as cash flow financing only exist in some ' alternate universe' - that hypothetical different dimension physicists tell us about.
The reality, though? If you spend some time on what we could call a ' bullet proof' strategy for success will alter your observations on financial success. Let's dig in.
Business owners/managers, first of all, have to focus on the timing of their need - i.e. is it short-term financing or longer in nature. While the owner/financial manager often knows what stumbling blocks will exist in the finance journey, the reality is that many times a banker, external advisor, accountant, lawyer, etc., will provide some objective advice around what results can realistically be achieved.
Timelines need always to be considered - many clients we meet are looking for funding 'yesterday.' Still, the harsh reality of assessment, due diligence, documentation, etc., requires, in some cases, a painful amount of time.
While many other factors can easily affect your success in business financing (economy, technology, government, new competitors, etc.!), the fundamentals around business need to revolve around your ability to understand your past and current financial performance/condition.
As the business owner/manager, can you really say that you understand your company's true financial position? Some real basics don't require the ' rocket scientist ' type work that we imagine those Bay Street boys are doing on every company. It boils down to simply understanding your balance sheet and income statement and how those two documents affect your cash flow.
Typical issues to consider include - your payables and relationships with suppliers, account receivable turnover, inventory turns, how much debt you have relative to owner equity, and the amount of new equipment or technology you need now or in the future.
Knowing those and being able to tie them into your financial strategy will create a win when you are in front of banks or commercial lenders. While we only have 6 or so banks in Canada, the commercial lending and alternative finance world are huge these days.
Having a clear business plan will often help your overall strategy. That plan covers putting proper words to the numbers.
If you're looking for some help in a 'bullet proof' overall finance strategy for financing around receivables, inventory, equipment, tax credits, etc., speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can ensure access to capital and funding.
Click here for the business finance track record of 7 Park Avenue Financial
