YOUR COMPANY IS LOOKING FOR BUSINESS LOAN 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?
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
Business loans and the value they provide often have business owners/mgrs on a journey of what we're calling 'happy/sad. ' The ability to successfully navigate a bank loan or an alternative finance loan from a commercial lender will often define how successful and fast your business will grow/profit. So... still, waiting for your ' ship to come in ' on business financing needs? Let's dig in.
Whether you're a mature business with growth needs or in startup mode, there will always be a certain need for capital. Even cash businesses such as retailers have both inventory and operating capital needs. The question re financing always becomes: How much, when, and from whom?
In some cases, business loans are needed simply for... buying a business! In a vast majority of other cases, it's to acquire specific assets to run the business. Those needs might be technology such as computers or fixed assets for the shop floor and rolling stock transportation needs.
Business loans, i.e., term loans with fixed terms and rates and amortization, do not really solve the business's day-to-day' operating ' needs. That's, of course, the cash required to pay staff, rent, insurance, taxes, and acquire inventory/services. Those needs are best served by bank credit lines or an asset-based business line of credit, commonly known by professionals as an ' ABL. '
Business loans come in various manners; we can correctly say that often a ' mix and match' solution is required - as term loans can be for assets, leasehold improvements, etc.
A loan is NOT a lease. In many cases, it might make sense for the business owner/financial manager to use EQUIPMENT LEASE FINANCING to acquire assets. There are various reasons to consider the ' lease vs. loan' option. It's often valuable to sit down with your accountant or, in some cases, your banker or business financing advisor to discuss those needs. It’s helpful to perform, formally or otherwise, what is known as a ‘ lease vs. buy ‘ analysis to determine the best financing.
One type of business loan used by many early-stage or smaller firms is the Govt of Canada Guaranteed Small Business Loan. Limits have been raised, and the rates, terms and structures are very competitive when benchmarked against traditional financing. The loan only covers financing for three categories - equipment, leasehold improvements, and real estate. This is NOT a cash or working capital loan.
Canada's crown bank corporation also offers working capital term loans to be used for cash flow needs and working capital purposes.
When it comes to SME COMMERCIAL FINANCE needs, business loans in Canada will almost always be secured by assets and the guarantee of the owner/owners.
If you're looking for help in ' navigating' commercial business loans that make sense for your firm, seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in your bank loan or alternative finance needs.
Click here for the business finance track record of 7 Park Avenue Financial
