YOUR COMPANY IS LOOKING FOR COMMERCIAL FINANCING!
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
Oakville, Ontario
L6J 7J8
Commercial loans and loan financing/asset monetization sometimes seems like an imaginary concept for Canadian business owners and financial managers.
UNDERSTANDING FUTURE BUSINESS FINANCE CONSIDERATIONS IN YOUR COMPANY
Feeling ' out of control ' in understanding what finance is required for your business is a dangerous risk when it comes to small business. While it is a challenge to understand where your company is going financially the challenge increases exponentially when it comes to assessing the following:
What will your company look like from a financial perspective?
WHAT ARE THE PROS AND CONS OF DEBT
What types of debt can your firm take on, and how will it be paid back- certain businesses need more assets than others, and it's that ' CAPEX' requirement regarding owned or financed equipment that is crucial in asset-intensive industries. A high amount of debt in any company enhances financial risk and financial distress. Entrepreneurs focus a lot on the interest rate, and interest rates are of course one consideration but consider lost opportunities when it comes to access to capital versus the cost of capital.
IS DEBT LESS EXPENSIVE THAN EQUITY
Also, debt is cheaper than giving up equity ( when it is accessed properly). In current times Canadian business financing is reflected in low short-term rates, whether it be for a commercial mortgage or a business loan with terms and conditions that are accessible relative to your overall business credit quality.
LONG TERM FINANCING SOLUTIONS
Assets you need in the long term are typically financed through term loans and lease financing- while day to day cash flow/working capital comes out of daily operational performance.
SHORT TERM CANADIAN BUSINESS FINANCING SOLUTIONS IN CANADA
Canadian chartered bank facilities
Non-bank asset-based lines of credit
Inventory/ AR financing programs (we consistently recommend Confidential Receivable Financing)
Commercial real estate mortgages
Is cash flow sufficient to handle your growth plans, and is your future growth going to be similar to historical growth ( Knowing your sales profit and cash flow potential, as well as your ability to manage working capital and assets gives the owner/manager a strong handle on managing future financial performance)
HOW IMPORTANT IS ASSET TURNOVER IN FUNDING YOUR BUSINESS
Naturally, proper financial statements and projections go a long way towards being successful in accessing commercial financing. You are also in a position to avoid surprises such as cash crunches and bulges in sales and cash flow needs. The owner/manager's financial ability often comes down to managing current assets such as inventory and receivables.
DO YOU HAVE A HANDLE ON YOUR BUSINESS FINANCIAL HEALTH
The worst-case scenario for small businesses often occurs when commercial loans and financing are required on an ' urgent ' basis - at that point, it’s knowing your sources of capital, what they cost, how they work, and how they are structured. At this point, your ability to have a strong handle on your financial health is key.
CONCLUSION
Is small business financing a challenge for your company? Many clients we meet here at 7 Park Avenue Financial often underestimate the time it takes to get proper loan financing in place. That easily leads to that ' out of control ' feeling we have mentioned. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can take you from ' imaginary' to ' reality' when it comes to loan financing and asset monetization in Canada.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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