YOUR COMPANY IS LOOKING FOR A WORKING CAPITAL SOLUTION!
CASH FLOW MANAGEMENT & SOLUTIONS FOR BUSINESS CREDIT NEEDS
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
Working Capital Crunch? There no faster-moving target than cash flow solutions as the need arises for Canadian business owners and financial managers. What are in fact some of the most popular cash flow fixes - before those cash flow problems happen! Let's take you inside the world of those. Let's dig in.
UNDERSTANDING DAY TO DAY CASH NEEDS IN A FAST MOVING ECONOMY
The one thing we can all agree on is that today’s business seems to move a lot faster. We're pretty sure Heracleitus, a philosopher of sorts centuries back wasn’t talking about cash flow, but we keep thinking of his great line ' Everything flows and nothing stays '! So it’s more important than ever for the owner/manager to understand to handle growth and daily operations when it comes to business finance.
Owners and managers of business should always recognize that working capital and their management of the same is one of the most important survival tools they have at their disposal.
EVERY INDUSTRY HAS DIFFERENT CASH AND FUNDING NEEDS
The other hard reality is that every industry's basic economic, business and cash flow dynamics can vary greatly when you're running a business. While we meet many clients seeking financing solutions they believe are unique needs, the reality is that in the big picture most firms in your industry face the same challenges.
Those challenges include the lack of proper bank financing and the constant juggling of payables with cash receipts, and oh yes, those employees seem to want to get paid regularly! Most business owners either don't want to or choose not to deplete personal assets to finance their business - that’s why they incorporated in the first place, right? Or certainly, it's one of the reasons!
Top experts in finance tell us that almost 1/2 of all business owners at some point or another face the working capital crunch. In some cases that is of course their own doing as they have extended credit to clients in a liberal manner, or not enforced prompt payment from clients.
SOLVING YOUR WORKING CAPITAL FUNDING CHALLENGE BY YOURSELF ?!
What then are some cash flow solutions for Canadian businesses that experienced the cash flow crunch? Well, the most important thing to realize is that the solutions to problems lie inside and outside your firm, not always solved by a line of credit.
What do we mean by that? Simply that the financing ' crunch ' can be many times partially or totally avoided by:
Improving your credit policy around late payments from clients
Asking clients for down payments when applicable
Accelerating invoicing to clients (Does anyone still invoice once a month?!)
Improving inventory turnover
Delaying payment to suppliers when it is possible (hint: keyword is ' possible' !)
BUSINESS WORKING CAPITAL SOLUTIONS
And what about those external methods for small business owners, ie the cash flow fix? !
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/Business Credit Cards Primarily for small businesses
Securitization
CONCLUSION
Going inside the world of business funding needs and working capital crunch cash flow solutions needed can be daunting for anyone looking for business loan and finance solutions. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business cash needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
