YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE!
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 problems in Canada? It's no secret to Canadian business owners and managers that the funding they need to solve those challenges all comes down to the overall borrowing quality of the firm. Banks and commercial lenders make it their business to in effect ' predict ' failure.
HOW TO ACCESS THE FUNDING YOU NEED
But what can the owner/manager do to ensure the right access to choices for loans and working capital and can the right type and amount of financing lead to the successful turnaround of your firms’ financing fortunes? Let's dig in!
PROPER BUSINESS FINANCING WILL HELP BUSINESS PERFORMANCE ISSUES
A good way to look at things is to ensure that the type of financing you seek corrects the poor performance your company might be experiencing due specifically to lack of, or wrong financing. We speak to clients in terms of 2 1/2 solutions to funding challenges in Canada.
HERE ARE THE 2 1/2 SOLUTIONS TO YOUR BUSINESS FINANCE CHALLENGES!
They can be broadly grouped into:
Traditional
Alternative
And the 1/2? That comes about by better knowledge and management of existing assets. That might include refinancing assets under a sale-leaseback, or just common sense basics such as better receivable and inventory turnover
LOOK AT YOUR COMPANY FROM THESE 4 DIFFERENT WAYS
At 7 Park Avenue Financial we caution small business owners and their managers to ensure that the financials reflect the true value of their assets and liabilities. This allows you to look at your company in 4 different ways -
Immediate liquidity challenges
Debt structure
Operating Performance
Profitability
IT'S ALL ABOUT BUSINESS LIQUIDITY
It could probably be debated, but ' liquidity ' is in fact the best predictor of immediate financial problems. Here it's all about the ' Current Assets' part of the balance sheet -how you manage those inventory turns, receivable days outstanding, etc. Small business cash flow challenges are often addressed by better asset turnover and the financing of current asset accounts on your balance sheet.
HAVE YOU INVESTIGATED ALL OF THESE DIFFERENT SOLUTIONS TO BUSINESS CREDIT?
Immediate solutions in this area include bank or non-bank business lines of credit that are commensurate with your overall credit quality. Other solutions include Purchase order or contract financing, future revenue stream finance, and receivable sales programs typically achieved through a receivable discounting facility. All of these fall into one of two categories we have already mentioned, traditional, or alternative!
That's a nice segue into our next point, which is that those other 3 areas - debt, operational efficiency, and profits will in fact dictate whether you're better to explore traditional or non-traditional Canadian business financing solutions.
WHAT DO BANKS AND COMMERCIAL LENDERS LOOK AT IN ORDER TO ASSESS BUSINESS LENDING
When it comes to business finance the bank or commercial lenders you're working with will take a hard look at the financial performance history. However good commercial lenders tend to pride themselves on ' failure prediction '. That’s why it's important for the owner/manager/CFO/Controller etc has to ensure all the bases are covered in the 4 different ways we've offered above to assess your historical and current financial performance and your ability to meet repayment terms.
How do the right financing solutions then fix your business finance problems? Properly executed they will show there is a turnaround solution in place, and be able to fix financing challenges within a generally specific timeframe.
HERE ARE BUSINESS FUNDING SOLUTIONS TO YOUR CASH FLOW AND WORKING CAPITAL CHALLENGES
If you want to make sure you have the right fixes and solutions in place to support sales growth seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in areas of traditional and alternative finance.
They include:
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
Securitization
CONCLUSION
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with business funding needs when you are addressing small business cash flow financial challenges and running a business and striving for growth.
P.S. Your take away? Focus top priority on seeking expertise in the 2 1/2 ways of financing the right funding - Traditional, Alternative, and... Internal!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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