YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE!
SMALL BUSINESS FINANCE CANADA
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
Dear Anxious In Canada: There's no question that the right financing sources and business loans can deliver on that 'healing power' that the business owner / financial manager needs to propel the company to that 'next level' of sales profits. In some cases, that might even mean a turnaround from less fortunate circumstances. Let's dig in on financing a business in Canada.
ARE THERE ALTERNATIVES TO TRADITIONAL BANK FINANCING IN CANADA
Where to get small business loans in Canada? We get that one a lot, and the reality is that top experts in Canadian business financing constantly stress the 'conservatism' of our banks and major financial companies and institutions. That conservatism is probably justified when it comes to start-up and early growth firms. The good news here is that many 'niche' financial solutions are available for financing categories.
THE CHALLENGE OF FINANCING EARLY STAGE FIRMS AND STARTUPS / FRANCHISES, ETC
Funding for business startup projects is an ' evergreen' need for entrepreneurs. Even the government steps in re startups, franchises, etc. It offers the Government Guaranteed Business Loan, making billions accessible for early-stage and smaller firms with less than 5 Million dollars. Your ability to access government loans comes with various criteria and eligibility requirements - let the 7 Park Avenue Financial team work with you on these funding sources. Whether you are a small business or a medium-sized firm accessing government loans could be a valuable business capital source.
What are the key factors that the owner/manager needs to have under their hat to access a financing source that makes sense for funding business? Ask yourselves the following questions, and being honest helps!
ASK YOURSELF THESE 3 KEY QUESTIONS IN ADDRESSING BUSINESS FUNDING NEEDS
1. Do you know the minimum and maximum amount of financing your business needs?
2.Can you properly identify the right stage your business is in for growth potential?
3. Do you feel 100% comfortable in positioning your company for the right type of financing if, in fact, you were aware of those business loans and asset monetization facilities that make sense?
If you have a lot of time to waste, then a recommended strategy is to approach all financial institutions that offer business finance - Good luck with that one!
LET 7 PARK AVENUE FINANCIAL BE YOUR TRUSTED FINANCING PARTNER
Putting our sarcasm aside, it's key to know that banks and commercial finance firms focus on specific sizes, offerings, and credit quality. So it should be obvious you should be working with someone that knows which commercial lenders are 100% interested in providing your firm financing you require.
WHAT IS KEY BANK CRITERIA FOR LOAN FINANCING
While Canadian chartered banks are by far the best bet for cost and access to capital, being established financially is key. Banks will look at your key issues such as your capacity to borrow, how much debt you have already, and what collateral and general business conditions exist in your company and industry.
Most financial institutions will focus on persona guarantee from the borrower - in alternative lending, much less focus is placed on that guarantee, credit score, etc., - Any ' new business ' always has a higher bar to achieve the funding you need,
LET 7 PARK AVENUE FINANCIAL DEMONSTRATE HOW THESE ALTERNATIVE FINANCING SOURCES CAN HELP YOUR COMPANY
Traditional banks versus alternative lending - what works for your business? Numerous financing sources exist outside the bank in Canada - they offer:
A/R Financing - day to day funds for business via monetizing accounts receivable
Inventory Finance
Working Capital Term Loans
Tax Credit Monetization Financing
Government Guaranteed Business Loans / Business Development Bank Of Canada ( BDC ) - Government loans for new business under Industry Canada or Canada's bank for entrepreneurs - Government funding for small businesses and growing companies
PO/Contract financing
Sales royalty financing
Asset-based business credit lines - revolving facilities that allow you to borrow against receivables, inventory and equipment
Equipment Leasing/ Sale Leasebacks
CONCLUSION
If you're focused on that ' healing power' achieved in proper business financing and accessing working capital and cash flow and are fatigued by talking to ' angel investors,' ' venture capitalists,' economic development sources, business grants, etc.! consider seeking out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you in eliminating confusion around business loan achievability and help you grow revenues in your products or services.
Whether it's a small business government loan, traditional bank solutions, or several newer alternative lending solutions funding the business never seemed more possible!
Click here for the business finance track record of 7 Park Avenue Financial.
Stan Prokop
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