YOUR COMPANY IS LOOKING FOR FINANCING OPTIONS!
FINANCING A BUSINESS IN CANADA / FINANCING OPTIONS FOR BUSINESS
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
Business finance options in Canada, when achievable, provide a sense of security to Canadian business owners and financial managers. When we talk to many clients and business folks they feel their financing solutions for corporate funding are limited; in other cases they know they have options but don't know where to look or who to talk to. Let's dig in.
CANADIAN BUSINESS FINANCE & FUNDING ALTERNATIVES ARE HERE!
Our position? The second coming in small business Canadian business financing might already be here - you just didn’t get the memo! The reality is there are many traditional and alternative financing strategies that give the owner/manager a broad spectrum of working capital and long term funding alternatives, And trust us, we're not talking about large well funded already public companies with access to capital, equity markets, and Bay Street smarts. Those solutions apply equally as much to the SME (Small to Medium Enterprise) sector in Canada.
WHY YOUR BUSINESS NEEDS EXTERNAL FINANCING
Financing is of course required for a variety of circumstances; it might be growth, operations, turnaround/recapitalization, and even the acquisition or merger of your firm with/by another.
It's no secret that the Canadian business financing landscape has evolved dramatically in only a few short years since the 2008/2009 financial debacles every company on the planet felt the brunt of- and let's not even talk about Pandemics & Covid 19.
THE BAR IS RAISED HIGH FOR THE ABILITY TO GET YOUR COMPANY FINANCED
There is one huge irony we've observed when looking for funds for business - the constant message by Canadian banks and financial pundits that there is a lot of corporate funding and capital alternatives available to business. Yes, we agree, it’s just that the hurdles to achieving those goals seem much higher. The bar has been raised.
UNDERSTANDING ALTERNATIVES AND THE DEBT AND EQUITY QUESTIONS
So how does the owner/manager, whether it be a start-up or a mid-market size type firm achieve access to financing? First of all, they need to know if they are looking for and suited for the right amount of ' debt' or ' equity '. As importantly they need to know who to access for that funding - it might be a bank, but it also might equally be available from independent commercial finance companies and asset-based cash flow lenders.
Naturally, it takes a bit of time for small businesses to search out these alternatives for business loans and to feel secure you are dealing with and talking to the right parties. Here is might be highly advisable to seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in positioning your business for the financing it deserves
LIST OF KEY BUSINESS FUNDING ALTERNATIVES
What then are some of those financing basics and finance options? They include:
A/R Financing
Inventory Loans
Access to Canadian bank credit/bank loan solutions
Non-bank asset-based lines of credit - A solid alternative to high growth financing needs
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
Securitization
The Canadian Government Small Business Loan program is also a solid financing tool and solution for early stage firms and new business financing for a startup. The interest rate and repayment terms of this business loan are very attractive to franchising financing and startups. Keep in mind the business owner/owners should make sure they have a good personal credit score/ credit history. One thing to keep in mind is that this type of financing is a term loan and is not a lump sum cash or line of credit. The amount of money under the program is up to 1 Million dollars. So whether its start up business funding or growing your business 'SBL' loans are one solid solution.
4 WAYS TO APPROACH YOUR FUNDING NEEDS
How to approach those solutions? The way we do it with clients at 7 Park Avenue Financial is pretty straightforward:
Understand your current financial position
Ensure a cash flow or business plan / executive summary is available - 7 Park Avenue Financial business plans meet and exceed the requirements of banks and commercial business lenders
Commit time to speaking to qualified capital sources
Pick the financing alternative that is achievable in current circumstances In essence, you want to properly ' navigate’ those sometimes complex financing waters.
CONCLUSION
When you understand your current liquidity and capital structure issues you've clearly discovered, you guessed it, the 2nd coming of business financing and corporate funding in Canada. You can choose to chase those venture capitalists who want an exit strategy , angel investors and family and friends but ultimately you should focus on real-world solutions that will allow you to access business capital that matches your firm's needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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