Financing Business Growth Funding 7 Park Avenue Financial

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Financing Business Growth In Canada -  Celebrate Funding Awareness Day Every Day Of The Year
Financing (GROW  OP) Business Growth And Operations!



 

YOUR COMPANY IS LOOKING FOR GROWTH FINANCING!

GROWTH FUNDING  & FUNDING BUSINESS EXPANSION

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

 

 

 

funding for growth    7 park avenue financial  business expansion funding

Financing business growth in Canada. Are you the type of business owner/manager that feels that you're not really celebrating ' Funding Awareness ' day that often?  Here's some information and solutions around that key subject. We suppose you say that we're sharing info on financing a Grow OP... Which of course means Growth and Operations. What did you think we were talking about?! Let's dig in.

 

THE TWO KEY GOALS OF BUSINESS

 

Cash and Profits are two key goals for all small businesses, whether you're a start-up or a major corporation... But how do you get a sense of what amount and type of funding you need?  That question covers our growth situation we're talking about but is equally applicable for companies are experiencing some sort of level of financial distress or challenge in the short term.

 

FINANCING THE GROWTH IN CURRENT ASSETS ON THE BALANCE SHEET

 

But as far as growth is concerned here at 7 Park Avenue Financial, unless you're in a cash business that has not cost of goods it's a certainty that as your revenues grow you must bulk up, unfortunately, on the current assets part of your balance sheet - accounts receivable, inventories. And don’t forget those fixed assets that either run your business or allow you to maintain competitiveness.

 

It's an interesting point that is sometimes forgotten that the one good thing about small business  growth financing is that as your sales grow you get automatically more finance from vendors/suppliers

 

CONSIDER THE SALE LEASEBACK OPTION

 

When you're sourcing finance options remember that fixed assets aren't growing. One solid strategy is to consider a sale-leaseback of owned assets to enhance business growth cash flow for the long term .  And here's a new one for most clients we talk to - fixed assets (that are owned) can be used for revolving credit purposes if you are willing to consider a non-bank Asset-based line of credit.

 

So what does the business owner do when ‘traditional’ bank financing is either exhausted or simply not available?  Businesses that don't require new assets, i.e. they have extra capacity already are in a better position than firms that require new assets. That’s where lease financing is a solid solution. You minimize capital outlay while obtaining and using assets that will generate future revenues and profits.

 

LIST OF BUSINESS FINANCING SOLUTIONS IN CANADA - WHICH ONE MAKES SENSE FOR YOUR FIRM?

 

Firms that are start-up, generally newer, or in the overall category of the SME (Small to Medium Enterprise) always seem to have more challenges. That's when some solid assistance in knowing how the business owner can access non-traditional capital when external funding sources are ' bleak ' is key. Some of those include:

 

Receivable Finance

Working Capital Lines Of Credit

Monetizing tax credits owing your firm (SR&ED, etc.)

 

These strategies maintain your debt to equity ratio constant and help you manage growth.

 

CONCLUSION

 

We hesitate to say that the alternative to growth is to simply stop growing. Here you won't need extra capital but certainly limits profits and competitiveness! Make sure to seek out a trusted, credible and experienced Canadian business financing advisor who can assist you in celebrating Funding Awareness Day! for your Grow Op - the growth operation you call your company.

 

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

 

 



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' 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