YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
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?
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
Business financing challenges in Canada sometimes may have business owners/financial mgrs feeling like they have fallen down the ' black hole ' with that ' no way out ' feeling accompanying that.
Whether it be asset finance, a business loan, or a revolving credit facility, the ability to find a solution you can trust for the immediate/intermediate and long term is what good corporate finance is all about. Let's dig in.
That ' black hole' we're talking about often has to do with the stage of growth and success your company is in. No secret that starts up, all the way up to SME (small to medium enterprise) firms, probably faces more challenges.
Their ability to add people, assets and additional cash flow often comes when traditional bank financing is unavailable or at least unavailable in the amount they want. For those firms that are ' bankable, 'it's all about ensuring that you understand the facilities provided and the ramifications and requirements of Canadian chartered bank borrowing.
Whether for operating or term facilities, loan applications to banks should be accompanied by a business plan, your financials, and cash flow forecasts. For firms that cannot produce a proper plan or exec. summary help is available from people such as your accountant or external business financing advisor.
It's interesting that when we talk to clients about potential financing solutions, their focus (understandably so because they are entrepreneurs) is typically on sales and profits. That coupled with the fact that ' profits are an opinion, but cash is a fact ' often has owners/ mgrs missing the fact that cash is, in fact, the lifeblood of your business.
Getting back to those sales revenues, though, it is, in fact, important to understand that the rate of growth of those sales will often dictate the amount and type of outside financing you will need. We say ' outside financing ' only because a solid operating mgmt of inventories, receivables, and payables can, in fact, add positive cash flow to your business... big time!
Many firms in mature industries that have slow or moderate growth in fact produce cash, not use it. The euphoria that comes with sales revenue success is often tempered with the fact that all your cash is tied up in working capital needs via inventory and A/R. Bottom line - it's tough to be a cash cow!
Some firms even consider selling their business too early, if only because they can no longer deal with financing challenges. The ability to estimate how much cash or capital you need for people, plant and sales growth is key. Financial solutions for your business, both traditional, and alternative, include:
A/R Financing
Inventory Loans
SR&ED tax credit financing
Equipment leasing/ asset finance term loans
Sale Leasebacks
Commercial mortgages
Bank business credit lines
Non-bank asset-based full business lines of credit
PO / Contract Finance
Sales/royalty financing
If you feel you're either in, or capable of falling into the ' black hole' of business financing voids seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can deliver on solutions you can trust to grow.. and survive.
Stan Prokop
