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?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - INFO@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
Business finance options have Canadian business owners/financial managers often feeling that commercial financing needs for their business have gone the way of the ' Dodo ‘ that rare bird associated with disappearing and finally extinction. Let's examine finance options that help guarantee survival and success in your business, eliminating that ' broken ' feeling. Let's dig in.
Your business's ability to get banks and commercial finance companies 'on the side' is one key factor in long-term success and survival. Those success milestones might be around growing your business, buying a competitor, or simply meeting the challenges of working capital/cash flow finance.
In some cases, your firm needs new assets while at the same time experiencing times of challenge. It's at these times staying in control of your finances and knowing your options is key. Let's consider some ' behind the scenes' loan and asset monetization options that will provide you with the right balance of debt and ownership.
Many clients we meet have access to financial power, whether it is traditional or alternative in nature. The problem? It's not enough! In the owner/manager's mind, the more the business sells, the more capital it seems to need.
The common problem in what the experts call the ' cash flow gap ' is having your sales pick up but being unable to finance inventory and receivables that arise out of those sales. When bank lines of credit are not available due to bank lending requirements, alternative solutions such as invoice financing and inventory finance take up the slack. The ability of the owner/manager to know that sales raise cash at the same time allows continued focus on growth/profits.
The most complimentary solution to some of the challenges we have described is the Asset-based non-bank line of credit. Providing a line of credit based on the total combination of your receivables, inventory, and fixed assets becomes a new life line of your business. More often than not, it's the perfect solution to a cash flow crisis. That same ' ABL’ (asset-based line of credit') is often the only solution to a ' turnaround' story when sales have fluctuated, and profits disappear. Its asset leverage 101.
The other category of business we haven't touched on is the ' start-up. ' Simply speaking, your expectations and needs in finance rarely match those of the bank! It's at this time that alternative finance solutions such as factoring, SR&ED tax credit financing, leasing, sale-leasebacks, etc., make the most sense, notwithstanding their often higher cost of borrowing.
When owners/managers deem the ' organic ' route to growth is slow, the right business finance commercial financing options can help complete a related business or competitor's acquisition. This minimizes the equity component needed while helping to guarantee a properly completing transaction.
If you're looking for those ' behind the scenes' options that come with business success, seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your required solutions.
Stan Prokop
