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
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
Financing a business in Canada sometimes requires that owners/financial mgrs be prepared for someone to... tell them where to go! In effect we're talking about ' rewiring ' your finance needs. Bottom line it's important to understand your finance alternatives, choosing the right one, or ones to propel your business. Let's dig in.
The landscape of Canadian business financing has changed dramatically in recent years - while many both popular and ' conventional' sources of capital are still available (sometimes in' limited quantities’) there are in fact numerous ways to finance a business that we could call both creative, and simply speaking ' alternative ' We've maintained for years that in many cases ' alternative' is the new traditional!
Many businesses, (perhaps yours?) can actually support loans via assets and the ability to generate sales revenues but find themselves unable to meet bank criteria. There also are, of course, start ups and early stage firms that are just coming out of the gate - also challenged with financing.
Top experts tell us that in recent surveys over 60% of business owners plan to acquire new or additional assets to grow their business. In this case it makes a lot of sense to consider lease financing and/or term loans to acquire long term fixed assets or technology.
While Government touts helping business actual direct assistance is limited in nature - Our two recommended sources of funding for clients in this area is the Govt Guaranteed Small Business Loan ( it's not as small as you think ) , and the R&D SR&ED program - and by the way those SRED credits are financeable for cash flow purposes. While most people feel the govt is ' hard to deal with ' these two programs go against that grain and are in face accessible and used by probably over 10-11000 businesses annually in Canada.
A lot of business liquidity comes from your firm’s progress in both selling and collecting. Therefore A/R financing is often at the top of list in a recommended solution in financing a business.
Whether your firms uses bank business lines of credit or popular non bank alternatives such as A/R financing (factoring). Our recommended solution in this area is CONFIDENTIAL RECEIVABLE FINANCING, giving you the ability to bill and collect your own receivables, and finance them as soon as you generate a sale. In that solution cheques from clients come to your company, not the finance firm! The ability to work with a legitimate and reputable commercial finance partner in this area is key.
A ' full blown' solution to the business line of credit is an ABL solution. That’s ' ASSET BASED LENDING ' - allowing you to combine your receivables, inventories and even fixed assets into one marginable revolving credit facility. It's more costly than bank financing of course but works and is used by thousands of firms - even large well known corporations who recognize the additional borrowing power.
If you're charged with financing your business and exploring the right finance alternatives seek out and speak to a trusted, credible and experienced Canadian business financing advisor - get that help you need to ' rewire ' !
