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?
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Business capital sources often require just a strong dose of common sense when it comes to choosing the right type of financing/loans suitable for your needs. We're offering up... you guessed it... a casual explanation of Canadian business finance alternatives. Let's dig in and examine types of business financing and what might be the best financing options for your business.
WHAT ARE SOURCES OF FINANCE IN BUSINESS?
When financing a business the final capital structure is always made up of owner equity/investment, debt that the company has taken on, as well as the profits that have been retained in the business.
ENTREPRENEUR FINANCING - It's tough!
At 7 Park Avenue Financial, we work with many clients who have spent a lot of time, and money going down a route that is challenging to say the least - they have explored bootstrapping, borrowed from family and friends, and sought meetings with venture capitalists and private equity players.
Only the smallest percentage of companies can achieve any financing success in this way, which will often allow us to introduce them to alternative finance, working capital, and cash and debt solutions that allow them to finance sales and to meet their high growth aspirations.
It's easy to see why some business owners/financial managers/entrepreneurs feel significantly challenged in their funding and capital needs. One reason? They think they are looking for the ' silver bullet ' in financial solutions. But the good news is that taking logical steps in identifying your finance needs will provide you with a strong sense of the path you need to follow.
WHAT IS THE COMMON SENSE APPROACH TO ACHIEVING CANADIAN BUSINESS FINANCING SUCCESS
The common-sense approach to loans and finance solutions is just that , and we're not talking about venture capital!
Ensuring you understand your current financial position,
Evaluating financial alternatives and
Ensuring you know who the financial sources are that deliver on financial needs, as well as the cost of financing and interest rates associated with borrowing within your needs and circumstances
While in many cases that might involve a Canadian chartered bank the current business loan landscape for small business, as well as medium-sized companies suggests numerous other alternatives are being offered by numerous non-bank lenders - the world of ' alternative finance '.
Certain industries lend themselves more to certain types of financing - so understanding what other competitors are using for financial solutions is helpful; in this case a knowledgeable business advisor can be of great assistance. Suffice to say that information and knowledge in this area carries a certain level of confidentiality and discretion.
Your company's balance sheet will often reveal the current financial position of your company - knowing the amount of funds you need and what they will be used for is the next step after that.
LET'S NOT FORGET INTERNAL SOURCES OF FINANCE!
Companies sometimes don't focus enough on the internal generation of finances as opposed to debt financing - that includes the effective turnover of inventory and receivables, selling fixed assets no longer needed, and building up their retained earnings to create a stronger borrowing profile - owner dividends not allowed !!
WHAT STAGE IS YOUR COMPANY IN IT'S LIFE CYCLE?
A lot of ' clarification ' can be derived from simply understanding the stage your business is in, as certain financial solutions are more applicable than others depending on whether you're a start-up, early-stage, or 'middle market' and growing. Whether owners like it or not earlier stage firms will often require support and guarantees from owners, along with the need to identify the right mix of debt and owner capital.
BUSINESS FINANCING SOLUTIONS IN THE REAL WORLD ?
What financial solutions are in fact available to your firm? They might include:
A/R Financing
Inventory Loans
Access to Canadian bank credit / bank loans
Non bank asset based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans
Royalty finance solutions
Government Of Canada Small Business Loan Program - Guaranteed federal business loan
Commercial Mortgages
Knowing what info you might need to make a strong financing case is key. Typical information might include a business plan (not always but helpful, a cash flow forecast, and historical and interim financials.
CONCLUSION
That's our fairly ' casual ' explanation of business financing needs/alternatives. If you're looking to make full sense of the commercial loan landscape and understand sources of finance for business expansion seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with funding needs.
