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 Address = sprokop@7parkavenuefinancial.com
Business financing challenges in Canada require the owner/financial manager to constantly be alert for finance and funding options that ' beef up ' your firm's ability to run and grow the company successfully. Let's dig in.
Asset finance options are a common tool to get your funding and capital going. Why? Simply because in times gone by, companies in the SME sector didn’t necessarily have the options available today because of their size.
That's the essence of the current ' fintech' revolution in Canada - allowing many commercial finance firms to be the bank alternative. , we never fail to mention that if your firm does qualify for bank financing, the current environment provides a lot of capital at low rates with maximum flexibility.
There are, of course, equity or quasi-equity-related forms of financing, but we're often the first to point out that they are for the smallest percentage of businesses in Canada. Should you wish to check them out, those options include convertible debt, securitization, Crowdfunding, Peer to Peer funding, angel investments, private equity, etc.
The key takeaway here is that in some limited cases, a capital equity injection might make sense. They don't often don't, though, as many firms can't demonstrate the earning power, market position, and financial reporting consistency required in these forms of funding.
Although many business people are against the concept of govt intervention in business, we're also the first to say ' feel free to intervene when it comes to 2 great Govt financing programs in Canada. The CSBFL program provides govt guaranteed loans up to $ 1,000,000.00 if your firm requires financing for new assets of equipment leasehold improvements.
Additionally, the Canadian SR&ED program refunds billions annually to thousands of firms who apply to recapture their R&D capital investment. Key Point: SR&ED refundable tax credits can also be financed while you're waiting for your refund.
We often ' preach ' to clients the importance of understanding the specific stages of your life cycle in your company and understanding the risk and opportunities that come from more leverage via a business loan.
Financing Options For Business Expansion
Where did all these somewhat newer financing alternatives come from? We're talking about:
A/R Financing
Inventory Loans
Franchise Loans
Tax Credit Financing
Asset-based non-bank lines of credit
PO Financing
Royalty financing
Sale leasebacks
Working capital term loans
Merchant cash advance loans
The answer seems to always come back to the 2008 global financial crisis. Many banks and insurance companies who traditionally funded businesses withdrew from many business finance market segments. Enter the Fintech revolution!
Traditional bank lending and loan criteria pose a problem to many firms because they can't satisfy some of the bank's criteria. Ironically, high growth firms are often punished by bank lending criteria as profits and cash flow targets are tougher to pin down.
If you're focused on addressing the business financing options you have available today and in the future, seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and debt needs.
Stan Prokop
