YOUR COMPANY IS LOOKING FOR BUSINESS CASH FLOW 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
Financing business cash flow in Canada often has business owners, particularly in SME Commercial industries feeling like they are playing a constant game of ' Snakes & Ladders " - that iconic game that has one being helped and hindered at the same time. We're talking about getting more money... from your business money. Let's dig in.
The winning part of the cash flow ' snakes & ladders’ cash flow ' game' is to be able to spot working capital needs long before any bad news. Business owners and financial managers are often far too focused on just growing revenues and paper profits, often spending in classic entrepreneurial optimism areas.
Knowing your limitations in areas such as taking on debt, financing current assets (A/R & inventories), and determining what owner/shareholder dividends can be paid is all part of winning the business cash flow conundrum.
It shouldn't be a surprise (but it often is) that there are some simple yet intelligent ways to manage and finance your working capital needs. One of the most useful and practical also is simply keeping an ongoing tab on the ' relationship ' of receivables and inventories. The ultimate danger is when A/R is higher than it needs to be and inventories are bloated/slow turning.
Commercial lenders that you are considering borrowing from for business credit line needs to focus on those relationships and turnover in sales, A/R and inventory. Reasons for slow-moving receivables relate to stagnant sales, poor collections, and extended payment terms granted to your clients.
Your goal in a constant monitoring of sales, A/R, and inventory is to ensure you are not moving potential cash from one unproductive asset category to another! Simply speaking, no owner/manager cannot ignore a strong focus in this area of managing your business.
Looking for a simple way to monitor these key relationships? Set up a basic simple spreadsheet that monitors the values of sales, A/R and inventories at month-end. Examine these every month at least.
Example - Your month-end sales have increased 15%, but receivable totals are up 35%, and inventories are up 10%. Clearly, A/R should be your focus and signify a potential cash flow shortage based on the higher investment you're carrying in receivables.
Solid mgmt techniques can achieve financing business cash flow we're demonstrated and in numerous direct finance solutions - These include:
A/R financing
Inventory finance
Bank revolving credit lines
Non-bank asset-based business lines of credit
Refundable tax credit financing
Working capital term loans
Sale leasebacks
PO Financing
Royalty finance
If you're looking to extract ' real money ' from your business money and want to avoid that up and down ' snakes and ladders' feeling, seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with finance business needs.
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Stan Prokop
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