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
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Business finance strategies require a solid understanding of what the pros call your' funds flow. It's a combo of cash flow and working capital, basically. There are some real myths and misunderstandings, all of which can create confusion around your success in financing your company. Let's dig in.
Business owners/financial mgrs in the SME Commercial market can find their financial needs as reflected in their financial statements. Success in this area means you will have a solid understanding of how you're winning (or losing) in this area of your business. At the end of the day, you're looking for ' suitability ' in putting a strategy and policy in place around business finance.
The core of the cash flow issue? It's quite simple actually - your assets and what you owe change with your sales. Even more complex sometimes is the fact that your profits rarely equal your cash on hand! That's why it's important to finance your current assets properly!
Effective ways to finance cash flow / current assets properly are:
Bank credit lines
Non-bank asset-based business lines of credit
A/R factoring
Inventory loans
Tax Credit Financing (SR&ED Credits are financeable!)
PO Finance
It's also important to understand whether your company uses cash or generates it. The hard reality of business is that you will probably need equipment or technology to produce more sales—one of the most effective ways to finance those in equipment leasing finance. On occasion, the sale-leaseback strategy also makes perfect sense.
As we have said, knowing how sales affect your ' flow of funds is key. The best way to think of this in terms of cash flow is that NORMALLY your current assets move in the same direction as revenues, but often at different rates, depending on how well you manage assets such as A/R and inventory. Think of this whole scenario as to how funds flow thru your business. By the way, it’s not bad to have sales growth consuming cash while generating ' paper profits.'
The pros call the right financing of a business the ' suitability principle.' It's all about using cash from the right sources. A business credit line is a temporary source of cash and should be used to finance daily operations. Buying a long-term plant equipt asset is best suited to a lease or term loan type financing.
Owners/mgrs have more control than they think when it comes to financing choices. Remember that you lose some control elements when you finance your business for cash flow needs. To ensure you're doing it right, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you in clearing up cash flow ‘ confusion’ with effective business finance solutions.
Click here for the business finance track record of 7 Park Avenue Financial
