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 almost always involves taking on debt - most owners and financial mgrs are somewhat reluctant to take on forms of finance that don't necessarily help build the wealth and equity in their business.
But both business loans and working capital finance, done properly, allow a business to handle growth and profits in a manner that reaches its business goals. Let's dig in.
Remember also that often business credit lines and other asset monetization techniques (examples: sale-leasebacks / tax credit financing, non-bank credit lines) bring new capital and cash to your business but don't necessarily add debt to the balance sheet. These techniques balance themselves based on assets you already own or generate.
In some cases, owners must rationalize the fact that they ultimately do, in fact, need some new permanent working capital or owner equity in the business. One way to measure the need for permanent equity/working capital needs is to assess your business credit line fluctuations.
If credit lines are constantly being used to the max, there is a suggestion to both you as owners, as well as any other lenders you have, that the inability to meet debt obligations or cash flow needs could be just around the corner.
The whole issue of credit lines versus ' term ' borrowing is critical to the business owner/mgr. That's because it's important to match business needs with the right type of debt.
Longer-term fixed assets, i.e. plant equipment, technology needs, etc., should be financing via Equipment financing or term loans. Here a lease versus buy analysis prepared by your accountant or equipment lessor should help you make the right decision. A key caveat here is that you should always be comfortable that your sales and profits and cash flows will be in a position to retire leases or loans your business takes on.
Businesses considering taking on loans are often driven by their inability to collect receivables or address inventory needs. These situations truly are fixed by proper revolving credit lines being in place .For companies that can't access bank credit, ABL (asset-based lending) facilities are the perfect solution. That funding of receivables and inventory helps the ' disruption that your slow-paying clients have caused!
There's no question that the true ' magic' in business success is strong sales, profits, and little or no debt. But properly managed loan and working capital solutions play a key role in long-term business survival. If you're looking to fill the void in your cash and capital needs seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you mastermind right solutions based on your company/industry needs.
Stan Prokop
