YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
Business Financing Commercial Loans Growth Finance
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 financing in Canada just may have been on our friend Ben Franklin’s mind we have wondered. He said ‘Drive thy business or it will drive thee ‘. The small business owner knows that feeling !
So when it comes to growth finance or commercial loans for business that makes sense for your particular company needs do you as owner/ mgr/entrepreneur feel like you're in fact ' driving the bus', when it comes to working with a business lender. Let's dig in.
Business veterans know that in the economy, or even in certain industries there are times of boom and bust. The conundrum is often quite clear - we keep hearing about all that excess capital around, waiting to be accessed, if only we knew how to break through those hurdles of access when it comes to your own business needs.
Naturally, every owner/mgr wants to achieve the best terms possible when it comes to a commercial loan Canada or a cash flow asset monetization facility. The actual list of funding alternatives might in fact be longer than you think. One of the reasons for that is the emergence of numerous financial alternatives to traditional bank financing that in previous times it was pretty well the only ' go-to '.
WHICH OF THESE FINANCING ALTERNATIVES MIGHT BE A SOLUTION FOR YOUR BUSINESS FINANCING NEEDS
A somewhat succinct list of key finance alternatives for your company might be as follows.
A/R Financing I
inventory Loans
Access to Canadian bank credit/term loans
Non-bank asset-based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans - working capital
Royalty finance solutions
Government Of Canada Small Business Loan Program - Guaranteed federal business loan
Do any of these solutions sound like they can solve your firm’s financial challenges in the commercial loan area? If there's one secret to business funding access it's the fact that the boy scouts seem to have gotten it right. BE PREPARED!
BANK LENDING CRITERIA IN CANADA
Entrepreneurs /mgrs that we often meet are simply not aware of bank lending criteria for commercial loans - they just don't get why commercial bank solutions are not available for their needs. (By the way - the bank's criteria isn't all that difficult to comprehend - it includes years in business, strong cash flows, a clean balance sheet, profits, and outside collateral)
When it comes to business startup loans Canada always has given the entrepreneur a challenge. Small business loans in many cases certainly in traditional finance areas, rely heavily on the personal net worth, character, and credit history of the owner/owners. It's that assessment that delivers on a good bank interest rate and financing flexibility unmatched when your firm meets the lending criteria.
DOES BANK LENDING SUPPORT SMALL AND MEDIUM-SIZED COMPANIES IN CANADA
The Canadian Bankers Association has published statistics that indicate that almost 66% of the Canadian business lending market is done by banks. Banks rely heavily on the overall credit profile of the company, including a strong focus on clean balance sheets, profitable income statements, and cash flow statements that reflect historical and present good cash flow generation.
The strong financial position of the banks allows them to offer short term lending, term loan, and commercial mortgage financing for business clients. When it comes to SME COMMERCIAL FINANCE those companies represent a healthy portion of Canadian bank borrowing.
OTHER BANK REQUIREMENTS
Banks will also weigh in differently on various industries, as well as the general economic environment - Pandemics included. When necessary banks will also request outside collateral of the business, as well as, of course, those darned Personal Guarantees! Unlike commercial finance companies and non-bank lenders in general, the banks are highly regulated and have a fiduciary responsibility to depositors and shareholders of their capital base.
Your goal might be to simply fund daily operating needs or in some cases fuel new growth potential. In other cases, the road to ' organic growth' might be complemented by an acquisition of a competitor.
PUBLIC/CAPITAL MARKETS
While new ' equity ' capital is in fact a real option Canadian businesses requiring SME COMMERCIAL FINANCE needs must realize that the road to ' going public' is paved with many broken dreams - as only the smallest portion of firms are eligible for the type of criteria mandated by those VC folks, and some feel bank loans for businesses are just as hard to achieve.
CONCLUSION
If you're looking to ensure that external financing can contribute to the rise of your business, (not the fall!) and achieving the right commercial loan for business needs seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your growth finance needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop 7 Park Avenue Financial/Copyright/2020
