special loans workout financing turnaround

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Special Loans And Workout Financing In Canada : Turnaround Just Around The Corner
Looking for a good workout ?  Here’s the bad news / good news around exiting special loans in Canada

 

 

 

 

 

 

YOUR COMPANY IS LOOKING FOR  BUSINESS FINANCE SOLUTIONS   !

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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

 

Workout Financing in Canada: As we all know there's nothing like a good work out!  When we meet with clients who find themselves in the ' bad news ' situation,   namely ' Special Loans ‘it’s always good to know that the good news is the numerous turnaround finance alternatives available to owners/managers/shareholders. Let's dig in.

 

We're assuming that firms requiring the turnaround have traditional ' bank' type financing in place. When it's obvious that your current lenders, bank or otherwise are focusing on calling your loan there is no better time to start looking at solid alternatives.

 

In the case of banks calling a loan there is actually another piece of ' good news' around being put in the special loans category. There's no better example of the word ' limbo ' than the bank special loans category in Canada. Business owners/managers might well always want to change that working to ' purgatory ‘. However at the end of the day you are still being financed under the bank, albeit at a higher rate and tighter covenants and restrictions.

 

Here is your time to take a bit more of a ' stance ' on your overall finance situation - identifying a fix with the bank , or agreeing on a time and exit strategy - obviously new finance in place! 

 

That ' fix ' with your bank or other commercial lender might include several scenarios:

 

New equity from owners

 

Sale of certain assets or parts of the business

 

Higher levels of the dreaded ' personal guarantee’

 

Re-doing the balance sheet vis a vis short and long term debt obligations - Here your company clearly must demonstrate viable long term cash flow generation when new forms of debt are considered

 

 

So what happened? That's the legitimate question that owners / managers and other stakeholders to ask round the downslide of your firm's financial health.  Here numerous scenarios abound - We've met with many owners who offer some interesting versions of their current financial problems. In some cases their information is correct, just being managed improperly. Examples:  ' We've grown to fast '   ; ' Lost a big contract/client ‘, ' We're out of covenant on some of our operating metrics - i.e. DSO, DPO, Debt to Equity ‘.

 

Numerous workout financing turnarounds can be implemented. They can be done within the banking system but more often than not they involve alternative solutions – that includes:

Asset based Lending / ABL Non Bank Credit Lines

Bridge Loans

Sales Leasebacks

Cash Flow Loans – Secured/Unsecured

 

If you’re looking to have a solid workout on your financing turn around seek out and speak to a trusted, credible and experienced Canadian Business Financing Advisor who can assist you with SPECIAL LOANS scenario that fit your situation.

' Canadian Business Financing with the intelligent use of experience '