YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE!
BUSINESS LOANS THAT YOU NEED TO KNOW ABOUT FOR YOUR BUSINESS NEEDS & FINANCE OPTIONS
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
Creative business financing options are constantly sought by business owners/financial managers, and entrepreneurs. Whether they are a start-up or established business, it's a constant struggle to get a handle on ways to strengthen the business... financially. How does business get some real ' traction' in financing while getting up to speed in your business's finance methods? Let's dig in.
HOW DO YOU ACCESS THE RIGHT TYPE OF CANADIAN BUSINESS FINANCING SOURCES
Access to the right financing sources and financing options for a small business, either alternative or traditional, helps you strengthen your business. It's unfortunately often too easy for the business owner/mgr to feel like the company has hit the wall ' which we've found unfortunately prompts some ' undesirable behaviour' which might include delaying payments to key vendors relationships, using CRA obligations for your working capital source (not a recommended alternative finance strategy!), and perhaps worst of all for true entrepreneurs - being unable to take on large contracts, new business, experienced employees, etc.
Limited capital availability will often work for business owners to access non-traditional and more creative methods of financing.
SMALL BUSINESS FINANCE VERUS CORPORATE FINANCING FOR LARGER COMPANIES - SPOILER ALERT - THERE'S A DIFFERENCE!
The big guys view the whole process of growth as ' scaling' a business. How then does the owner/entrepreneur ' scale ' their business in the SME COMMERCIAL FINANCE space?
Many small business owners approach angel investors and venture capital type firms - they have exhausted their personal equity capability ( as well as friends and family) and quickly find that talking to venture capitalists is a long journey with only a minute portion of Canadian businesses qualifying for this type of ' equity ' financing. We can safely assume that larger businesses' corporate financing, never easy, is still more accessible for larger, more established corporations.
While many people tout the concept of self-funding your business, aka ' bootstrapping,' at a certain point, the entrepreneur and business owner exhaust personal funding for capital. In certain cases, you might have the ability to create a ' win-win ' scenario with a potential supplier or vendor or customer, with a key requirement being your ability to demonstrate business relationship potential.
3 KEY ISSUES IN BEING SUCCESSFUL IN FINANCING YOUR BUSINESS
The answer revolves around:
Understanding core finance strategies (working capital/term loans/asset monetization, etc.)
Being able to address financing for immediate and long term growth
Knowing the key issues that will inhibit your ability to access cash flow financing and a bank loan-type solution is key.
The key to the execution of a finance strategy is knowing your options - they are, in fact, just a few short categories here - monetizing your assets, taking on term debt, or accessing unsecured cash flow financing.
BUSINESS FINANCE SOLUTIONS
The actual solutions? They are a combo of traditional and alternative financing strategies - In some cases, only one is needed; in most cases, it's a cobbling together of a couple of options to address your business's multiple needs.
TRADITIONAL FINANCING SOLUTIONS IN CANADA
Revolving bank lines of Credit -
Unsecured Cash Flow Loans -
Working capital term loans -
Govt Guaranteed SBL Loans - this is possibly the best small business loan as an access to business credit on the bank-like terms - The Canada Small Business Financing Program, is one of the best ways for small businesses to finance their startup or purchase and finance a franchise. Government business loans for startups are in the form of a term loan and fund 3 asset categories: equipment/leasehold improvements & real estate. Entrepreneurs can't underestimate the importance of access to business capital, and the vast majority of new firms don't qualify for funding from traditional lenders.
Equipment Financing - all asset categories can be financed, including your technology needs in computer and software assets - Asset financing for startups is also available within the lease finance solution.
ALTERNATIVE FINANCING SOLUTIONS IN CANADA -
SaleLeaseback/ Bridge Loans -
Asset-Based ABL Business Lines Of Credit -
A/R Financing / Factoring / Confidential Receivable Financing -
Inventory Finance-
SR&ED Tax Credit Monetization -
Po/ Contract Financing -
Sales Royalty Financing -
Business Credit Cards -
Merchant Cash Advance/ Short term working capital loans - a good credit score of business principals is required for financing a business in these online type solutions that are fast and easy, and accessible.
Many alternative lending options are excellent growth financing options when traditional lending cannot provide you the business capital you need and offer creative financing ideas to help eliminate the risk of business failure. Many businesses will have lower capital requirements than others -especially in the case of service businesses. The challenge here is that there are limited assets to offer as potential collateral or security.
For many types of financing, a business plan will go along way to help secure business funding approval - 7 Park Avenue Financial business plans meet and exceed bank and commercial lender requirements.
CONCLUSION
Are you looking for creative business financing options and ideas? Which of those 12 traditional or alternative finance options works for you in the ways we have demonstrated to finance your business.
Need help with business finances? Will one or a combination allows you to give the ' thumbs up ' to financial success? Seek out and speak to a 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with balancing proper loan needs and solutions.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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