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?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - INFO@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Business financing in Canada - your company's finances are, of course, serious business; this isn’t a television reality show obstacle course. Let's examine some external real-world possibilities around funding your business (externally and internally), focusing on removing some of those obstacles. Let's dig in.
Suffice to say, there are numerous reasons business owners/managers find themselves looking for external financing methods. The good reasons include, of course ' growth; in some cases, there are liquidity challenges around day-to-day operations, let alone growth.
The planets align more perfectly when you’re looking for proper capital while running your business ' properly' at the same time. Here we're talking about focusing on issues such a profit and turnover of assets and optimal use of assets.
Financing your firm via external methods revolves around 3 simple choices-
Taking on new debt
Monetizing the assets you already have (both current assets and long term assets can both be monetized
Searching for an equity solution (Certainly possible but much more limiting as issues such as owner dilution and costs and probabilities around equity capital need to be addressed
More often than not, the early stages of a firm’s initial financing capability will often determine the future course of growth and success. Here cash flow becomes a daily challenge (or hourly?!).
Where do top experts and studies tell us entrepreneurs go for capital? In order of search priority, the leading contenders for business capital solutions are:
Banks
Corporate Credit Cards
Commercial Finance Companies
Equipment lessors
Govt business loans
Asset-based lenders - providing receivables, inventory and fixed asset financing.
VC / Private Equity groups
At times many business owners are ' tapped out ‘ personally, and the day-to-day struggle of managing assets and delaying payables becomes JOB #1 almost every day.
The key to accessing the right type of funding for your business is the concept of understanding your risk profile. Suffice to say, much of the entrepreneurs’ business time has been wasted applying for financing that was never meant to be. As our survey pointed out, businesses head in droves to the bank, only to find their ' risk profile ' is significantly out of line with Canadian chartered bank requirements. While ' eye to eye' contact was almost a necessity in the past, today’s bank scoring models and commercial banking structures don't always lend themselves to face-to-face meetings to make your case.
Many business owners might be surprised that large bank deals are, in fact,' syndicated,’ with bank loans being sold by your bank to others in the secondary market.
Any business financing application process fundamentals include a business plan (not always required by certainly helping), historical and current financials, a cash flow/profit forecast (usually the most important item!) and info on the owners. The results from all that drive that ' risk profile' we've been talking about.
If you're looking to seriously explore external financing in areas such as bank facilities or numerous other alternative financing vehicles ( some of which you may never have even heard of !), seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with removing ... obstacles!
Stan Prokop
