YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOURCES!
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 sources in Canada can, unfortunately, come with pitfalls if not planned, picked or executed carefully. Let's look at those financing options while demonstrating that getting it wrong is a costly option. Let's dig in.
3 KEY ISSUES - GROWTH, FINANCING AND COST OF FINANCING
Whether a firm's business is in a great economic recovery or even when times are tough, any business financing type is challenging. Growth? Access to Capital? Cost of Financing? All of those play into the business owner/ financial manager challenge. Businesses that spend a lot of time chasing that elusive ' venture capital ' quickly find a long and painful route for most firms ' chasing capital' in an early stage of their business. Keep in mind that interest rates will vary based upon your businesses ' pay back ' ability and overall credit quality. Over the long term, it's important to focus on access to capital versus capital cost.
DOES YOUR FIRM QUALIFY FOR ALL THE BANK FINANCING IT NEEDS
While low-cost' financing seems logical to every applicant, the reality is that low-rate financing is typically only available from our Canadian chartered banks. If small businesses can't meet the hurdles imposed by banks (the holy grail of profits, clean balance sheets, strong cash flows), it becomes a question of whether your business will make it with alternative finance solutions for a business loan other than a traditional bank loan.
Commercial banks can, of course, offer all your company needs as long as you can demonstrate profits, cash flow, and clean balance sheets with reasonable debt to equity ratios. Even companies with those characteristics can often not achieve all the bank financing if they are in high growth and constantly need new capital - That is where the world of alternative finance offers numerous solutions. Growth potential is key to the majority of small business owners in Canada.
When it comes to financing a startup, financing sources are even more challenging as financing for entrepreneurs is a constant challenge for funds for business ideas.
LET 7 PARK AVENUE FINANCIAL PROVIDE YOU ACCESS TO THESE TRADITIONAL AND ALTERNATIVE FUNDING SOLUTIONS
We promised to ' name drop ' on some of those traditional and also alternate sources of capital and sources of funds for business. They include, but are not limited to:
A/R Financing
Inventory Finance
Purchase Order/ Contract financing
ABL’S (asset-based non-bank credit lines)
Equipment Financing
Working Capital term loans
Sale leasebacks
Bridge Loans
Tax Credit Monetization
Merchant Cash advance/business credit cards
Government Guaranteed Small Business Loans - they are a great way to achieve good interest rates and flexible terms and conditions when being paid back.
In various forms of Canadian business financing, a business plan will be required. 7 Park Avenue Financial business plans meet and exceed the requirements of banks and commercial lenders. The government can be a solid business funding source if you have the help to navigate!
SMALL BUSINESS OWNERS AND PERSONAL GUARANTEES, PROVIDING COLLATERAL, ETC?
Business owners with SME Commercial Finance needs also have the challenge of separating their personal and business assets in the area of personal guarantees required by a financing company, including the banks, by the way. Bank financing in the SMB environment is very much focused on the background and experience of the owners.
DOES YOUR FIRM PREPARE A CASH FOW BUDGET
Whether operating or term in nature, many capital needs for your business are actually rooted in the need for or lack of planning. We couldn’t count the number of clients we meet that often do not know, let alone actual cash flow budgets.
When you don't know how you'll make loan payments or take on new or larger orders, a downward spiral often starts without the financing options you require.
ASSET TURNOVER AND FINANCING NEW ASSETS YOU NEED TO RUN YOUR BUSINESS
Don't also forget that it's not just about accessing new cash; it's also about managing what you've got. Adopting strong metrics in collections, inventory turns, and utilizing equipment financing proactively to acquire new assets (it conserves cash flow) should be your new normal.
CONCLUSION
Looking for professional help to finance your business? Looking to forget the route those friends and family, venture capitalists, and angel investors are talking about to raise funds, raise money, and instead access real business loans and asset monetization strategies?
That help might come from your lawyer, accountant, or by seeking a trusted, credible and experienced Canadian business financing advisor who will help you find and ane make sure that ' getting it right ' is your new strategy for Canadian business financing success for a source of funding that works for your business needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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