YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING OPTIONS!
BUSINESS LOANS THAT MAKE SENSE FOR YOUR COMPANY
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
Business financing options? Loan, asset monetization and working capital solutions are becoming more abundant in Canada today. What are those options and why now? Let's dig in!
ARE YOU RIDING THE UP AND DOWN ROLLER COASTER OF BUSINESS FINANCING?
If there is a sure thing in Canadian business it's that access to capital for small businesses is always an up and down roller coaster for the majority of Canadian corporations, from start-up to FINANCIAL POST 100 firms.
The ultimate irony of course is that while everyone tells us, and we read daily, that capital is in large supply why is it so hard to access?
WHO ARE THE BUSINESS LENDERS IN CANADA
For a starter that access to coming from a more wide variety of firms - these include our Canadian chartered banks, asset lenders, niche specialty lenders, and VC and private equity - those latter two not being in our subject focus here.
YOUR BUSINESS NEEDS A PLAN
So how do the Canadian business owner and manager approach the whole aspect of determining what funding alternatives are available? Safe to say you need some great guidance and a plan! In some cases you'll actually ned a ' business plan ' ( 7 Park Avenue Financial prepares business plans for our clients that meet and exceed the requirements of all banks and commercial lenders )That plan focuses of course on how you intend to use the funds, understanding your company's borrowing ability, and understanding the true benefits of the financing you're considering. That all-important ' interest rate ' as well as an understanding of what financing options you have is the key to funding success. Interest rates for business credit will vary based on the overall credit quality of your firm, as well as the size and type of financing being considered relative to the financial institution or commercial lender you are working with.
BEEN DOWN THE ANGEL INVESTORS / VENTURE CAPITAL ROUTE? SORRY ABOUT THAT!
We talk to business financing clients all day and what is somewhat disturbing is always the focus around VC and Equity financing. In Canada, only the smallest portion of firms will ever qualify for that type of financing. Here's one for you - top experts in the field say that .2% (Yes that’s ‘point 2'!) of all firms ever qualify for VC type funding. So let’s get that one off the table quickly.
So what in fact should the owner/manager be looking for in a business loan versus and equity financing? Simply speaking, understanding the actual financial 'vehicles' used in business financing, the sources of that finance, and where you can find real third party expertise to execute on your financing.
3 KEY ISSUES TO CONSIDER IN BUSINESS FUNDING FOR SMALL BUSINESS OWNERS
Along your journey for business financing options, you'll encounter some major question marks and hurdles - they include:
-The ability to present your strengths and address weaknesses
-Personal Guarantees / Good credit score of principals
-Ensuring you have the right mix of debt and equity
Knowing how to assess your current financial position will in fact lead you to choose the best method of financing your company. Being able to talk to key issues such as day’s payable outstanding, DSO collection period, Inventory issues, and overall cash flow is key. How you are doing now is key to solving your financing need.
Key areas of focus therefore are your current ability to meet your financing commitments, your track record with banks and other lenders, and the overall amount of debt on your books.
CANADIAN BUSINESS FINANCING SOLUTIONS IN CANADA
Many clients we talk to are emphatic about their need for financing but are somewhat unable sometimes to address the actual uses of that new financing. And by the way, it’s those uses that will drive the right financing solutions you need.
Oh, and those abundant financing solutions? They include:
A/R Financing
Inventory Loans
Access to Canadian bank credit / Term loans
Non bank asset based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans
Royalty finance solutions
Purchase Order Financing
Short Term Working Capital Loans/ Merchant Advance
Securitization
CONCLUSION
Small business loan challenges abound in the SME economy . Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business financing options.
