YOUR COMPANY IS LOOKING FOR CASH FLOW AND
WORKING CAPITAL SOLUTIONS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the most significant 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
Oakville, Ontario
L6J 7J8
Financing cash flow for Canadian businesses often have the business owner/financial manager having that ' suspended animation' feeling, not knowing where or how they can address their financing needs. So how does one ' raise the game ' in this critical aspect of business, and what solutions do banks and finance companies provide to solve the challenge. Let's dig in.
WHY DO CASH FLOW PROBLEMS ARISE?
If the owner/ manager isn’t managing his or her way through a cash flow crisis these days, they probably are working on how to grow their company and outdo the competition. Challenges often arise from several areas; they might include:
Taking on new larger contracts
Managing payables/vendors
Sourcing new equipment need to modernize or run the business.
While your accountants can help pinpoint the problem, they often do not provide the solutions.
WHERE DOES YOUR CASH FLOW GO?
Where does that badly needed cash flow in your business go then? Sometimes it relates to your firm's ability to generate a profit. Remember also that paying your suppliers promptly is a negative cash flow, although it's a fine line in managing key vendor relationships.
NON BANK CASH FLOW FINANCING SOLUTIONS
When bank financing is not available in the SME COMMERCIAL FINANCE area, the challenge is to look at a commercial finance company's solutions. That might be a specialized or alternative solution or a traditional one - i.e. ' banking. '
A summary of available solutions includes:
Receivable Financing/Confidential A/R Finance
Inventory Finance
Revolving bank credit facilities
Non-bank asset-based lines of credit
Equipment financing
Sale-leaseback utilization re existing owned assets
Tax Credit Monetization
Working Capital Term loans
FORECASTING YOUR CASH FLOW IS IMPORTANT
The ability to prepare a simple cash flow forecast will often help highlight the type of solution you need - your business financials and overall health will further qualify what financing you are eligible for - either traditional or alternative.
ASSET TURNOVER IS KEY TO BUSINESS FINANCE SUCCESS AND REDUCING FINANCING COSTS
Remember also that simply managing assets better - i.e. faster receivables collections, better inventory turns, etc. will allow you to better qualify for external financing, as well as minimize the amount of debt you have to take on. Remember also that a commercial finance company can also provide solutions that monetize existing assets, so you aren't necessarily burdened with extra debt.
CONCLUSION
Raising your game in Canadian business financing can be achieved by monetizing assets and taking on loans/debt that make sense for your firm’s future path. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you eliminate that constant feeling of ' suspended animation' via an action plan for financing cash flow.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2021/Rights Reserved
