YOUR COMPANY IS LOOKING FOR FINANCING ASSISTANCE!
Funding Frontiers: A Comprehensive Guide to Alternative Business Financing
Non Bank Business Finance Options In Canada
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
Oakville, Ontario
L6J 7J8
Alternative business financing solutions revolutionize access to capital for businesses facing traditional lending challenges to raise funds.
"Transform financial hurdles into stepping stones with cutting-edge financing alternatives via alternative lending "
7 Park Avenue Financial originates business financing solutions for Canadian Businesses – We offer Alternative Business Financing Solutions (versus traditional financial institutions ) that solve the issue of day-to-day financing and funding growth – Save time and focus on profits and business opportunities
The Power of Alternative Business Financing Solutions
Business Finance Solutions. Quite frankly, we knew it all the time. At the risk of sounding like know-it-alls, there it was, yesterday, in one of Canada's two leading newspapers.
Alternative business financing solutions offer a lifeline to companies navigating the treacherous waters of traditional lending barriers. These innovative funding solutions from alternative financing providers empower entrepreneurs to harness the capital necessary for expansion, without the constraints of conventional financial systems and traditional bank loans.
Let the 7 Park Avenue Financial team show you the path to funding your business in a competitive landscape.
THE BUSINESS FINANCIAL LITERACY ISSUE
What was it? It was a full-page; yes a full-page article entitled ' THE DEFECIT OF FINANCIAL ABC’S’. In it, the author, an executive with the Canadian Federation of Independent Business maintained, with real-life examples, that Canadian business owners, certainly in the SME sector, are uncomfortable with ' financial lingo ', referring to it as a foreign language to many!
Another example pointed to in the article - only 2 out of ten could provide proper commentary on things such as balance sheets and cash flow management.
It's of course what we have been preaching ( like a broken record all along?) on the importance of getting some help in financial solutions, whether that be knowledge assistance, or in our case, financing.
PLAN YOUR LONG-TERM FINANCIAL SURVIVAL
One of the final main points in the article was that the business owner recognizes that they need help and need to invest a bit of time in what is a critical factor to long-term survival, let alone success. What is business financing if you don't have a plan?
Canadian small business owners and financial managers need to determine how much capital they need both currently and in the intermediate to long term. At that point they can start the search, on their own, or with a trusted advisor, to access those sources of financing.
POTENTIAL BUSINESS FINANCING SOLUTIONS
In Canada, some basic financing solutions via alternative lenders include the following:
A/R Financing / Invoice factoring - financing sales on your products & services
Inventory Loans
Access to Canadian bank credit
Non-bank asset-based lines of credit - an alternative financing method for business credit lines
SR&ED Tax credit financing
Equipment financing / fixed asset financing
Cash flow loans - ( in some cases with interest-free flexibility for periods)
Royalty finance solutions
Government Of Canada Small Business Loan Program - The Guaranteed federal business loan financing program - This is the most popular small business financing from the government
Short-term working capital loans/merchant cash advance
Purchase order financing
Franchise Loans
That's a lot of solutions, and we assure the beleaguered business owner that, unfortunately, each comes with its own lingo.
SOME MORE SOPHISTICATED BUSINESS FUNDING SOLUTIONS
All of these solutions can apply to both a small business start-up and established businesses.
Larger corporations of course have access to more esoteric and sophisticated business finance solutions for financial support - including securitization, Mergers, Capital pool, Venture capital, IPO's, Mezzanine financing, etc.
It's not only important to determine that you need capital or cash flow in a certain amount, but it's also important to understand the timing and various structures of each of the many financial solutions that we've noted above.
CONCLUSION - EXPLORING ALTERNATIVE FUNDING OPTIONS
The bottom line is that understanding cash flow needs, and solutions will power your business into the next stage of success around growing revenues on products and services your company offers.
Oh, and by the way, some of these solutions might work for all your financing needs, and in certain cases, it might be a ' mix and match'. New clients at 7 Park Avenue Financial will ask us ' what are the best financing options for a business?
The reality is that a number of business funding and financing programs are available, and in many cases, they are combinations of bank loans, government loans, different types of lines of credit, equipment leasing and a/r factoring funding.
They might come from commercial banks, non-bank financial institutions, business credit unions, and even the Canadian government via SBL's or BDC.
Our last bottom line today!! Call 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and asset monetization needs via alternative lending options.
FAQ: FREQUENTLY ASKED QUESTIONS PEOPLE ALSO ASK MORE INFORMATION
What are the advantages of alternative financing solutions?
Alternative financing solutions offer flexibility, speed, and accessibility often unmatched by traditional bank loan timing and methods.
How do I know if alternative financing is right for my business?
Consider your immediate financial needs, risk tolerance, and growth objectives to determine if alternative financing aligns with your business strategy.
Are alternative financing solutions only for small businesses?
No, alternative financing solutions cater to businesses of all sizes, offering tailored options to suit various needs and financial capacities that traditional financing can't solve.
Can alternative financing help with cash flow problems?
Yes, alternative financing solutions like invoice financing and merchant cash advances are specifically designed to address cash flow challenges and are easier to obtain than solutions from traditional lenders.
How quickly can I access funds through alternative financing solutions?
Depending on the option chosen, funds from alternative financing methods can often be accessed within days or even hours, providing rapid relief for pressing financial needs.
How does business credit impact eligibility for alternative financing?
Business creditworthiness can influence eligibility and terms for alternative financing, often affecting interest rates and loan amounts versus rates from traditional banks.
Can alternative financing solutions help businesses with poor credit history?
Some alternative financing options are accessible to businesses with less-than-perfect credit and limited credit history compared to solutions from traditional loans, although terms may be less favourable compared to those with stronger credit profiles.
