You Are Looking For Business Financing In Canada
You have arrived at the right address! Welcome to 7 Park Avenue Financial
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Business financing needs in Canada often raise the question, “How much debt can my business handle?". Loans come with fixed payment obligations, and other funding options also come with other challenges such as collateral, covenants, personal guarantees, etc. Those outside restrictions alone will often determine the amount of financing you are eligible for. Let's dig in.
While every business owner/financial mgr appreciates a lender who understands their business and industry, access to that quality is never guaranteed. While it's true an eligible business can ' load up ' on financing to the point where it's ' unhealthy' for the business, in many cases, it's your bank or commercial finance company that will set a cap.
The issue of ' how much ' is also an interesting one because different industries have different financial characteristics. For example, lenders and financial analysts feel most mfg. Companies can carry twice as much debt as their owner equity, while finance firms, as an example, can have 2, 3, 4, 5 times and more debt than equity. Knowing a bit about your industry characteristics can help you, therefore, determine the amount and type of funding options you need.
For companies that are young or growing quickly, personal guarantees are always a careful one to consider. Knowing the true value of the assets on your balance sheet is key. We assure clients that a bank or commercial finance firm will focus on this area. Asset and liquidation values are a ' worst case' type calculation but important.
Remember also that debt typically comes in fixed obligations such as loan payments or lease payments. Still, numerous financing options available to the business owner/mgr also monetize or ' cash flow ' your assets - adding no additional debt to the balance sheet. Cash flow budgets are also important - business rarely travels in a straight line, and peaks, valleys, and ' bulges' are common.
It's important to mention that quite often, in fact, in most cases, no single type of financing will solve all your business challenges. The better news, though, is that numerous types of loans and funding options can solve your borrowing needs. Those solutions include:
A/R Financing
Term Loans
Bank lines of credit
Non-bank asset-based business lines of credit
Inventory finance
Tax Credit Financing ( sr&ed )
P O Financing
Royalty/ Sales financing
Sale Leasebacks
Equipment financing
Commercial mortgage re-financing
While the solutions available are' positive ' in nature, it's important to remember that it's sometimes a challenge to navigate working with 2 or more lenders.
So, can you handle the truth? If you're looking for ' sensible ' business financing, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you in maximizing your capital needs.
Click here for the business finance track record of 7 Park Avenue Financial
