Business Credit Canada Loans Finance | 7 Park Avenue Financial

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Call Today For Canadian Business Financing Expertise tel 416 319 5769 !
Why Business Credit Doesn’t Have To Be An Epic Battle When It Comes To Loans And Sources Of Finance
Has Taking On Business Financing In Canada Changed?




 

YOUR COMPANY IS LOOKING FOR BUSINESS CREDIT SOLUTIONS!

TRADITIONAL BUSINESS LOANS IN CANADA &  ALTERNATIVES

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

 

business loan interest rate canada

Has business credit and access to financing solutions really changed that much in Canada? It has if you talk to many of the clients we meet, many of whom consider it an epic battle to access business loans and the financing they need to run, and as importantly, grow their companies. Let's dig in.

 

THE CHALLENGE OF ACCESSING BANK FUNDING

 

While Canadian chartered banks are doing as great as they always have many firms in the SME  ( small to medium enterprise ) sector feel the credit borrowing standards for loans and other bank solutions have in fact not eased to the extent the banks maintain they have since the 2008 global implosion.

 

ACCESSING CREDIT / PROVIDING CREDIT

 

When you think about it, it’s all about getting credit, and ‘ giving ‘ credit, as your ability to provide credit terms to clients that match their needs can make or break your business. And both of those issues, i.e. accessing credit and supplying credit to your clients affect profits, sales, and cash flow. It’s a holy triumvirate of sorts.

 

IS ALTERNATIVE FINANCING THE SOLUTION?

 

So what does the business owner/financial do when they find themselves ' discouraged' by the lack of business financing solutions? One alternative is in fact just that... ‘Alternative financing ' via non-bank solutions.

 

THE CASH FLOW FOCUS

When it's all about  ' Cash flow ' and access to credit lines, term loans and equipment financing numerous solutions are available. Some are what we could call ' direct replacements' for bank solutions; others are derivatives or extensions of what main street calls ' Traditional Financing '.

 

small business loan interest rates canada

 

CANADIAN BUSINESS FINANCING SOLUTIONS

 

A recap of these solutions? We thought you would never ask! They 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  Cash Advance/Business Credit Card/Online lenders

 

Securitization

 

bank loans for small businesses

 

Looking for a government loan for business needs? The Government Small Business Loan is also a great solution for startup and early stage small businesses in Canada. Also entrepreneurs should understand a good credit score is required for most types of business funding needs. The majority of business owners  focus on interest rates a little too often .. but it's important to note that the government SBL loan comes with an attractive interest rate and prepayment provisions and excellent terms and conditions, including a very limited personal guarantee.

The issue of owner good credit is always key whether is business funding or personal loans . Most lenders focus on borrowers having a credit score/credit rating  in the 600+ range. New businesses / startups in Canada will always have to work harder to get a loan solution!

 

BUSINESS FUNDING NEEDS ARE A CONSTANT MOVING TARGET

 

The need for cash flow and working capital solutions is a dynamic one, we can easily call it a ' moving target ‘. Many of the alternative solutions referenced above relate to what the finance industry calls ' bulge' requirements that arise over time with the ebb and flow of business success and challenges.  The bottom line - Simply that good cash flow and debt financing needs today might, and often aren't there tomorrow.

 

QUALIFICATIONS OF TRADITIONAL AND ALTERNATIVE FINANCING

 

Qualifications of course vary for each alternative finance solution but suffice to say that since they are all ' non-bank' in nature they are infinitely more achievable when you have assets, sales, and prospects that can be substantiated.

 

THERE IS A BUSINESS FINANCE SOLUTIONS FOR EVERY FUNDING REQUIREMENT

Is business credit important to Canadian owners and financial managers? Is it hard to get a business loan that meets your business needs?  It is if you believe cash flow is king. Never ' bank' on the fact that your firm is unfinanceable - Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in fighting that epic battle for loan and finance success in Canada - allowing you to grow your business in the products and services you provide.

 

A good business plan and cash flow projections will help speed up and ensure success in most types of loans - 7 Park Avenue Financial business plans meet and exceed the requirements of banks and commercial business lender.

 

 

Click here for the business finance track record of 7 Park Avenue Financial





7 Park Avenue Financial/Copyright/2021/Rights Reserved

' Canadian Business Financing With The Intelligent Use Of Experience '

 STAN PROKOP
7 Park Avenue Financial/Copyright/2022

 

 

 

 

 

Stan Prokop is the founder of 7 Park Avenue Financial and a recognized expert on Canadian Business Financing. Since 2004 Stan has helped hundreds of small, medium and large organizations achieve the financing they need to survive and grow. He has decades of credit and lending experience working for firms such as Hewlett Packard / Cable & Wireless / Ashland Oil