YOUR COMPANY IS LOOKING FOR BUSINESS LOAN FINANCING OPTIONS!
BUSINESS LOANS FOR FUNDING YOUR COMPANY
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 loan options in Canada... it's no secret that thousands of Canadian small business owners and financial managers feel somewhat 'handcuffed' when it comes to their sense of limited corporate credit options when it comes to small business loans.
YOUR COMPETITION HAS FINANCING - WHY DOESN'T YOUR COMPANY?
It's almost as if they feel they can't penetrate the secret world of business funding that many of their competitors seem to have succeeded in. Why is that the case and what can be done about it when it comes to financing your firm? Let's dig in.
MAXIMIZING GROWTH OPPORTUNITIES
We don't think there is anything more frustrating in business than not being able to take advantage, in an opportunistically positive way of business growth opportunities.
BANK FINANCING VERSUS ALTERNATIVE FINANCE SOLUTIONS
The truth is that there is a whole world of options for small businesses outside Canadian commercial chartered banks. These financing options are provided by independent commercial finance companies, insurance companies, pension funds, etc. In most, but not all options the finance options tend to be more expensive than the bank, but at the same time, they provide you with the growth capital you are looking for and on terms that reflect your pay back ability .We’ll let you weigh the advantages of business survival against a higher cost of borrowing!
ENTER ASSET BASED LENDING!
One unique and often unheard method of financing 4 key business assets at the same time is the ABL. That's the term for ASSET BASED NON BANK LINE OF CREDIT. Using this facility as an example of an alternative financing option your firm is able to borrow, under one line of credit, against inventory, accounts receivables unencumbered fixed assets, and even company real estate if that asset category finds its way into your mix of operating assets. While the interest rate is higher for asset based loans it becomes a question of access to capital versus cost of capital. Transactions can be structured as term loans or revolving credit facilities.
EXITING SPECIAL LOANS - HAS YOUR DEMAN LOAN BEEN CALLED? 7 PARK AVENUE FINANCIAL HAS A SOLUTION
While many Canadian businesses find themselves informally looking for business finance alternatives in some cases many companies have been asked to exit their banking relationship, unable to meet repayment terms. Simply speaking their loans have been called and they have been segregated into the bank's book of 'SPECIAL LOANS'.
We'll of course hold off on the humour around that term! Business owners have a tremendous amount of stress at this time, resorting from everything to the business credit card to fund themselves! The personal credit and good credit score of the business owner has never been more desirable at this point.
LET ASSET BASED CREDIT FACILITIES PUT YOUR REVOLVING CREDIT BACK IN PLACE
If your firm is in fact in jeopardy at the bank and has any chance of survival the asset-based credit line can almost more often than not take out the bank and provide you with even more ( yes, even more) borrowing power than you had before, albeit at a usually higher interest rate.
For refinancing purposes and credibility with your lender, it is highly advisable to have a business plan and cash flow projections prepared based on your going forward plans. 7 Park Avenue Financial business plans meet and exceed the requirements of banks and commercial lenders.
CONSIDER A BRIDGE LOAN OR SALE LEASEBACK OF ASSETS
Other solutions to refinancing the bank include short term BRIDGE LOANS and SALE LEASEBACK of assets, all of which, in effect, refinance the business. These are structured to meet cash availability on monthly payments and inject permanent working capital into your overall capital structure.
CONCLUSION
Entrepreneurs are on a constant search for what they consider the best business loan solution for their firms - it is almost always a challenging experience to locate a commercial lending solution. Don't forget the basics of financing a company - focusing on the right mix of debt and owner equity. Bank, commercial lenders, and even government loans such as the Canada Small Business Financing program should not be overlooked in your search. The type of funding you need can come from a ' cobbling together' of specific types of commercial loan solutions for cash flow and working capital needs.
The often fasted way to gain a positive refinancing for your business needs is to utilize the talents of a Canadian business financing advisor who is experienced in the area. That can be done with the assistance of your accountant or lawyer, or simply searching 'CANADIAN BUSINESS FINANCING ADVISOR ' via the internet, etc. Working with the right party allows you to save you valuable time and brings credibility to meetings and discussions with the plethora of non-bank asset lenders in Canada who really do want your business.
Just feeling comfortable about the different options and pricing of those alternatives gives the Canadian business owner peace of mind. Bottom line, those ' handcuffs' can now come off!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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