YOUR COMPANY IS LOOKING FOR COMMERCIAL 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?
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
Suite 301
Oakville, Ontario
L6J 7J8
Commercial financing options in Canada are a solid item for your ' bucket list. ‘ The proper business finance solutions for your company should have top priority on that bucket list!
While some might consider the ' finances' of your business as somewhat boring, we don’t. In fact, the right solutions can put' fireworks' into your growth and operating plans. Let's dig in.
Most business owners / mgrs in the SME COMMERCIAL FINANCE needs area recognize that business loans are a top priority and play a significant role in their companies. And when it comes to choices, the term ' comparison shopping ' seems quite appropriate.
While many clients we meet focus solely on ' interest rate, 'not all firms can guarantee their chances of approval at low rates- it's equally as important to focus on terms, structure, and type of financing best suits your needs particular time.
Many firms we encounter are wrongly focused on equity capital but are unaware that they don't possess the ' blistering growth' that VC/Angel type investors require. In many cases, they are also too ' early stage ' and can't provide clarity around key differentiators, much less a solid business plan/cash flow forecast.
Traditional bank financing in Canada comes with low rates and flexible terms - the downside is that approval times can be lengthy and might not really be the amount and type of financing you need to facilitate operations/growth success. Many owners/mgrs often get discouraged in the whole bank process, rightfully or wrongfully so.
What other doors are open to the business owner? The route to potentially consider is alternative commercial lenders - who will also often place less focus on owners' personal finances. Those ' personal finances' are key in bank lending, with issues such as personal credit score and collateral being a main focus.
Alternative business finance solutions are easier to access; financing costs are higher but are coming down due in part to booming competition in this area.
‘DEBT ' is often a two-edged source in commercial financing. Too much is unhealthy; a lack of debt might also indicate your firm can't get the financing it needs to grow a business. More importantly, we maintain that ' debt ' is not always the solution. Numerous cash flow and working capital solutions are available - they include:
A/R Financing
Inventory finance at commercial/retail levels
Non-bank asset-based lines of credit
PO finance
Tax credit financing
Sales/royalty finance
Sale leasebacks - fixed payments and spreading out the cost are key features in assets you already own
Those solutions noted above can fuel growth that can increase demand for your services and allow you to take advantage of competitive situations that provide a win for your business.
If you're looking to clear that #1 bucket list item - proper ' business financing,' seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you put the ' fireworks' back in your growth strategy.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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