YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING!
SMALL BUSINESS FINANCING - TRADITIONAL AND ALTERNATIVE!
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 solutions in Canada. Is it just us or are clients mostly saying these days it's harder to access financing loans and business credit as ever - dare we say it to remain topical .. even harder than getting a Senators expense account approved! We understand the issues and don't necessarily agree, so let’s dig in.
GROWTH AND SURVIVAL WITH BUSINESS FUNDING SOLUTIONS FOR SMALL BUSINESSES IN CANADA
While there is a lot of misunderstanding out there in the business financing landscape we do still maintain that a lot of common sense, some basic business financing knowledge, as well as access to trusted proven advice is the heart of today’s discussion topic. Things are even more positive when we're talking about working capital and growth, but surviving is important also!
IDENTIFYING WHAT TYPE OF FINANCING SOLUTION YOUR BUSINESS NEEDS
If there is one thing we always are seeing after initial client discussions it's simply that they have been pursuing the wrong type of financing. Companies in the small to SME sector are rarely candidates for VC and private equity-type solutions - yet they share stories of having been led down the path to glory by companies or advisors of that ilk on their search for a business loan.
CANADIAN BUSINESS FINANCING SOLUTIONS - WHICH ONE/ONES WORK FOR YOUR COMPANY
If you're a betting person you'll make a lot of money when you win the bet, which is that your company is the 1 in 500 that gets some sort of equity financing going. Ourselves, we don't like those odds, so we focus on proven solutions to growth capital for small businesses, including, but not limited to:
A/R Financing
Inventory Loans
Access to Canadian bank credit
Non-bank asset-based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans
Royalty finance solutions
Purchase Order Financing
Short Term Working Capital Loans/ Merchant Advance/ Business credit cards
Securitization
Don't forget to check out the Government of Canada Small Business Financing Program which offers term loans up to 1 Million dollars for asset categories such as equipment, leasehold improvements and real estate. When it comes to small business loan rates Canada government loans offer Interest rates that are very attractive, as well as the appeal of flexible terms regarding prepayment without penalties, etc. The 1 Million dollar loan amount has some qualifications but is still well worth checking out. ( A nominal one time registration fee is required and can be bundled into the loan when you get started )
In all types of financing, both traditional and alternative the interest rate will vary with overall credit quality, size of the transaction, and type of funding - short term/long term.
4 KEY RULES FOR ACCESSING BUSINESS CAPITAL
There are some solid rules around accessing the above types of capital when you apply for a loan -
They include:
1. Being proactive in addressing financing needs before the cash flow crisis occurs
2. Understanding how the competition might be financing them (Certain types of financing solutions lend themselves to certain industries more commonly)
Being able to articulate EXACTLY what you are going to use the funding for
3.Know who has access to the above names types of capital that we outlined above - those solutions driving growth and ability to monetize assets
4.Understand how different rates, terms and structures will affect your financial statements
MANY BUSINESS FUNDING SOLUTIONS ARE A TEMPORARY FIX
More often than not some of 7 Park Avenue Financial business finance solutions we have in fact outlined can help you fix some real problems in your business. And by the way, those same solutions don't need to be EVERGREEN in nature; they often are simply a bridge to a different type of financing. A typical client we talk to often needs alternative non-traditional financing to help fix some issues or growth, all the while staying focused on getting back to some lower-cost traditional bank type financing.
CONCLUSION
Diagnosing your needs for small business loans and corporate credit is half the battle for business owners. Accessing the right solution that matches your company and industry needs - together with proven advice and expertise is the other half. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can make business financing a bit easier than getting that Senate expense account approved!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
