YOUR COMPANY IS LOOKING FOR CASH FLOW & BUSINESS CAPITAL!
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
Working capital finance solutions often make the Canadian business owner and financial manager feel that only a miracle will solve the challenges they face in financing their business. When they understand the timing it takes to successfully achieve proper business financing and be armed with the right info they will have a better idea of how to ' reboot ' financing issues in their company. Let's dig in.
ARE CANADIAN BANKS THE ONLY GO TO SOLUTION?
When it comes to ' time' around a flexible finance solution the standard ' go-to ' in Canada is our chartered banks. Here you have the lowest cost of borrowing capital in Canada, with numerous solutions for term and revolving business credit.
For smaller firms, it's even possible to get an unsecured business line of credit. But even if your banking facilities are in fact secured they are always ' low cost' and flexible relative to the number of services offered
TRADITIONAL FINANCING TAKES TIME TO PUT IN PLACE
So what is the big problem? In many cases it’s both the time it takes to get such financing in place, compounded by the criteria your company needs to meet to get approved. So low cost, and not so easy to get. That is the conundrum.
WHAT IS BANK CRITERIA FOR BUSINESS CREDIT APPROVAL
By the way, those criteria items for working capital finance approval? They include (but are not limited to!) clean balance sheets with tangible equity, income statements that demonstrate profits and key ratios that must be satisfied such as debt to equity and positive cash flow.
WHAT ARE ALTERNATIVE BUSINESS FINANCE OPTIONS IN CANADA
What then are the options? The gap in cash flow capital in Canada is filled by numerous non-bank solutions. While these solutions almost always CANNOT match the cost of bank financing, they fill the gap nicely.
Typically these solutions include:
A/R Financing
Inventory Loans
Access to Canadian bank credit
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
ALTERNATIVE FINANCING IS TAILORED TO YOUR SPECIFIC NEEDS
These solutions tend to be specifically structured to your needs and are secured by the assets they finance.
So at the end of the day, the question that is faced by the business owner/financial manager is really the issues of the access to the financing needed, not the cost.
CONCLUSION
If you're looking to ' reboot ' your business with working capital finance solutions consider seeking out and speaking to a trusted, credible and experienced Canadian business financing advisor who can help you address issues of: Alternatives/Cost/Time Involved ; That 'miracle' your business is looking for might be around the corner.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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