YOUR COMPANY IS LOOKING FOR BUSINESS GROWTH FINANCING!
SOURCES OF FUNDING FOR SMALL BUSINESS IN CANADA
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
Sources of growth financing in Canada allow the Canadian business owner / financial manager to ' break free ' from those chains they feel about growing their business. Those same business cash solutions or lack thereof! Can make our break your business. Let's dig in.
THE CHALLENGE OF BANK FINANCING
The challenges to lack of bank financing in the SME Commercial Finance sector leave owners/mgrs with a feeling of awkwardness around business loans - if only for a reason they don't know where to turn when accessing capital.
ALTERNATIVE FINANCING SOLUTIONS HAVE BECOME MORE POPULAR
If there is any good news, it's simply that the whole situation has left a lot of alternate solutions on the table, as well as, in many cases forcing businesses to get back to a lot of basics around cash flow planning. There is nothing more exhilarating than your client demands more of your product or services and feeling you can't deliver because of financing challenges.
Not everyone may agree that the current state of business finance in the small/medium enterprise sector is a dire straits situation. For centuries business has relied on Canadian chartered banks and other large institutions to provide the bulk of financing needed.
ALTERNATIVE FINANCING SOLUTIONS THAT CAN HELP YOU BUSINESS
Are there business cash solutions that will eliminate the concern for lack of finance alternatives? Of course, there are, and they include:
A/R Financing
Inventory Finance
Asset-based ABL lines of credit
Purchase order financing
Working capital term loans/unsecured cash flow loans
Tax credit financing (SR&ED / Media refundable tax credits)
SAS Financing (software as a service)
Royalty Finance
Securitization
Equipment financing/ Sale Leasebacks/Bridge loans
Business credit cards/ Short term non-bank Loans / Merchant Cash Advance - an expensive source of funding but readily accessible
If, in fact, top experts are correct that access to finance and a source of funds for business remains a large concern to owners, then the above solutions clearly provide positive hope.
EQUITY CAPITAL IS ALSO AN ALTERNATIVE TO SOURCES OF FUNDING BUSINESS, BUT IT DILUTES OWNERSHIP
1. Naturally, many firms continue to pursue outside equity capital - that’s not what we're focused on here today re our sources of business funding -if only for two reasons:
2. Only the smallest percentage of firms going the angel investors, private equity/venture capitalists route, are successful and keep in mind that owners give up large percentages of ownership to raise funds when they are owners. Outside of technology areas, small businesses will rarely succeed in venture capital.
REQUIREMENTS FOR BUSINESS FINANCING
Naturally, if you don't have proper financials and other potential key requirements such as business plans, timely cash flow projections, growth prospects, etc., you will never get the financing you need at a competitive price from the sources of financing a business properly.
THE COST OF ALTERNATIVE FINANCING
And in many cases, those non-bank alternate finance solutions cost more, so your ability to achieve the lowest cost is always going to be hampered by a poor business/financial case. Simply speaking, you need to show lenders you're got a growth plan to succeed. Whether it be a traditional bank loan or an alternative loan, the interest rates on a business loan will be based on overall credit quality, transaction size, and type of financing.
CONCLUSION
Whether a small business is looking for permanent long term capital or a source of funds for business day to day line of credit type solutions, and you're feeling ' awkward' about Canadian business financing solutions, seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you in breaking free from the chains of lack of sources of growth financing and achieve the growth potential you are looking for.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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