You Are Looking For Canadian Business Financing Sources!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the most significant issues facing businesses today
Unaware / Dissatisfied with your financing options?
Call Now! - Direct Line - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
Email - sprokop@7parkavenuefinancial.com
Business Financing in Canada comes with many challenges: While Jeff Cooper, in 1989 was not talking about financing sources and loan prospects in the Canadian marketplace. He seems to have invented something that could benefit business owners/financial mgrs.
That ' invention'? He's credited with encouraging the mindset of Code Yellow... allowing you to understand you might be in danger. His suggestion? Move to a ‘Code Orange ' mindset - that which you're prepared to take action! Let's examine ' Code Orange' in business financing! Let's dig in.
WHAT AMOUNT AND TYPE OF BUSINESS LOAN FUNDING DO YOU NEED
Knowing how much funding you require for business expenses and where to access it is the essence of proper capital needs. Do you realize that those funding sources are, in effect, boiled down to 3 essential areas, with numerous options within those?
3 KEY AREAS OF BUSINESS FINANCE
The three areas? Internal cash flow via better asset turnover and profit and margins. 2nd: Supplier/vendor/payable finance strategies. 3rd - banks and commercial finance companies for business loan solutions.
ANGEL INVESTORS/PRIVATE INVESTORS?
We're eliminating discussion around institutional venture capitalists/venture capital equity financing today as a ' popular option ' way that some companies in certain industries choose to raise money and improve their equity position - Additionally, of course,' love money.' Personal savings from owners provides capital, although often limited via the owner's own money or their retirement accounts to raise funds. Some entrepreneurs choose to explore ' government grants'
Your business is ' well run' when you use the right combo of debt and owner equity. Debt and asset financing also depend on the size and stage of growth your business is in. When we meet with clients, it is relatively easy to identify what type of financing will work best for their current needs, and 10 types come to mind.
BUSINESS FINANCING SOLUTIONS
They include asset finance & funding via commercial finance firms and bank loans :
A/R Financing - Invoice financing - Accounts receivable funding to improve working capital
Inventory Finance
Working Capital Term Loans
Tax Credit Monetization Financing
Government Guaranteed Business Loans - A term bank loan from a participating financial institution - the Canadian equivalent of SBA loans in the U.S. - Effective long term solutions with limited personal guarantees and down payment requirements -
Good personal credit history is required for government programs such as the ' SBL LOAN' program- A solid solution for most businesses in the start up phase of funding as a safety net when personal investment is limited for new businesses - Repayment terms are flexible.
PO/Contract financing - Funding for small business when the balance sheet doesn't support funding larger orders and contracts
Sales royalty financing
Asset-based business credit lines - revolving facilities that allow you to borrow against receivables, inventory and equipment
Equipment Leasing/ Sale Leasebacks - payments are tax deductible - As your business grows, assets are required, and equipment financing provides payment terms that suit your cash outflows.
Merchant Cash Advances / Business credit cards
WHAT STAGE IS YOUR BUSINESS IN?
It's, in fact,' where your company is now ‘that really will determine which of these finance solutions will solve your current critical need.
Winning in business finance in Canada is all about succession planning for your growth and operating needs. It's that mgmt mindset that moves you from Code Yellow to Code Orange!
The challenge exists because most top experts agree that no perfect financing exists. Still, some solutions are better than others for the current time, including the need to meet timelines around lender due diligence. That's also where a business plan and cash flow forecast will always help you determine your financing path. It shouldn't seem a mystery to the business owner/mgr that different banks and commercial finance firms are looking for your business.
In summary? You will move to Code Orange ( take action ) by ensuring you know why and when you need funding, as well as determining the best cost and optimal use of funds. The important thing is that you have more information and correct info around the type of funding you require and qualify for.
CONCLUSION - BUSINESS FINANCE FINANCING SOURCES LOAN SOLUTIONS
If you want to understand better what stage your business is in and what sources of funds are available for small businesses, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can help you eliminate the struggle for proper business financing via debt financing and cash flow solutions that work to start or grow your business and achieve your business goals via the right finance source.
