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
Unfortunately, business sources in Canada are not a ' one size fits all' scenario for Canadian business owners/financial managers. That's when the search for real-world cash flow and working capital solutions creates a real conundrum for your company. Let's dig in.
Canada's current financing environment requires a fair bit of understanding when you're on the search for capital. Why is that? Some key reasons include:
- The rise of the internet in accessing both info and solutions
- Every industry has different needs
- Emergence of new highly competitive business models
- Risk-based pricing
- The requirements of business to access 'easy and convenient financing
- The increased/diminished role of banks in financing today’s businesses
The role of the Canadian chartered bank has changed a lot over the past post-recession years. Their continued need for companies that achieve good sales, good operating histories, and solid credit scores for the business owners and the business itself often leads to a lack of access for businesses that can't meet these basic criteria.
Debate continues to rage around whether our banks can satisfy all business lending needs. Bottom line, the image of the traditional banker has certainly changed, and competition from non-bank lenders is quite fierce.
When it comes to working capital ' it's all about ' liquidity, 'your ability to grow your business while financing short-term financial obligations. More often than not, this is all about the amount ... and management! of receivables and inventory. Most business owners quickly realize the turnover and financing ability around those two key assets are the key to financial health and re-investment in your company.
Although it shouldn’t be a mystery, many business owners/managers are stymied when sales are growing, profits are in the income statement, but cash is gone! There's actually some basic arithmetic around planning your working capital needs. It’s as simple as sitting down and looking at how fast you are growing, the amount of your receivables/inventory against payables, and the turnover required to make these numbers work.
Start-up, newer, or businesses facing financial challenges are clearly with their backs to the wall regarding accessing cash flow solutions. Never is it tougher to be taken seriously if you're in this category.
To effectively access bank or alternative financing, your key essentials include financial statements, a cash flow projection, proper ageing of your receivables as well as payables obligations. In some cases, only outside collateral will make your financing work, so consider that option also.
Numerous sources of alternate financing are currently available in the Canadian marketplace. They include:
A/R Financing
Inventory finance
Asset-based lines of credit
SR&ED Tax credit financing
PO/CONTRACT financing
Sale-leaseback strategies
Sales/royalty financing
If you require help for the right cash flow and working capital financing, seek out and speak to a trusted, credible and experienced Canadian business financing advisor.
