YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING!
BUSINESS LOANS TAILORED TO YOUR COMPANY
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
We're sticking our necks out a bit by saying that in general gambling is not a good thing but when it comes to business financing and achieving business loan success, there are a lot of ways the business owner / financial manager can increase the odds of business funding with proper business credit and loan solutions.
In challenging times, pandemics included! it's a real challenge for your company to qualify for the business financing you need. The ability of your firm to secure funding is both beneficial to day to day funding and growth but can often seem like a major obstacle taking up a lot of management time and focus.
THE TIMELINE OF SUCCESS COMPLETION OF BUSINESS FINANCE SOLUTIONS
It's a question of maximizing relationships and knowing at what point in time you need to seek debt or equity options in a small business loan or an asset monetization strategy. Most business owners would agree that finding the right solution is hard enough then comes the challenge of ensuring on a step-by-step basis that you can successfully complete that financing. In Canada, some forms of business funding can be completed in hours (for example - leases for assets under 50k) while at the other end of the spectrum larger more complex solutions can take days, weeks, and unfortunately even months - an example being a business line of credit. Being unprepared for such timelines as is needed often leads to serious problems.
Knowing what those sources of financing are in Canada is half the battle - there typically is more than you think, and when you are focused on the right solution you have probably already increased your odds.
MAIN SOURCES OF BUSINESS FINANCING IN CANADA
If we had to summarize in a fairly concise form the major sources of business financing, from a debt and asset monetization point of view (not equity) they would be as follows:
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 / Small business loans for working capital
Royalty finance solutions
Government Of Canada Small Business Loan Program - The Guaranteed federal business loan program is one of the best business loans in Canada
Business credit cards or short-term working capital loans/merchant advance type loans (with a higher interest rate ) may be a short-term fix but at 7 Park Avenue Financial we stress the need for a longer-term vision on your business capital structure.
WHAT TYPE OF FINANCING SUITS YOUR COMPANY? CHOOSING THE RIGHT LENDER
How then do you decide what fits when? We won’t weigh into the debate f whether there is too little or too much capital around these days, but we can guarantee the business owner/manager there somewhere out there is a solution that works for them. The business owner often focuses on Canadian chartered banks for many of the solutions we have noted above. We've done that for hundreds of years, so why change things, right?
ALTERNATIVE LENDERS ARE REPLACING TRADITIONAL FINANCE SOLUTIONS SUCH AS BANKS
The reality though is that many non-bank commercial entities - i.e. leasing companies, non-bank asset-based lenders, niche players in PO finance and Tax Credits etc provide billions of dollars of financing and funding solutions for business every day. How to get those solutions to trickle down into exactly what your business needs is the challenge.
CONCLUSION
If you feel that your total knowledge of business funding solutions is limited and have a real desire to expand the range of solutions available for your challenges seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your commercial credit and loan needs. Doing that increases ... the odds!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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