YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOURCES!
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
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Business funding is the catalyst that transforms entrepreneurial dreams into thriving enterprises.
Unlock your business potential: Discover the funding solutions that can propel your company to new heights.
7 Park Avenue Financial originates business financing solutions for Canadian Businesses – We offer Business Funding solutions that solve the issue of cash flow and working capital – Save time and focus on profits and business opportunities
7 Park Avenue Financial: “Canadian Business Financing with the intelligent use of experience”
FUNDING A BUSINESS IN CANADA
Unfortunately, business finance sources in Canada can have pitfalls if not planned, chosen, or executed carefully. Let's examine those financing options and demonstrate that getting it wrong is costly. Let's dig in.
BREAKING BARRIERS: INNOVATIVE APPROACHES TO FUNDING A BUSINESS
Business funding is the lifeblood of business growth and expansion. Accessing capital can make or break a company in today's competitive marketplace.
The landscape of financial options is vast and varied, from startups to established firms pursuing expansion. Understanding the intricacies of business funding from traditional and alternative sources empowers companies to navigate this complex terrain - Let the 7 Park Avenue Financial team help you unlock Canadian business financing opportunities for success.
3 Key Issues in Business Funding: Growth, Financing and Cost of Financing
Whether a firm’s business is in an excellent economic recovery or even when times are tough, any type of business financing is challenging.
Growth? Access to Capital? Cost of Financing? All of those play into the business owner/ financial manager challenge.
Businesses that spend a lot of time chasing that elusive ‘ venture capital ‘ quickly find a long and painful route for most firms ‘ chasing capital’ in an early stage of their business.
Remember that interest rates will vary based on your business's payback ability and overall credit quality. Over the long term, focusing on access to capital versus capital cost is essential. Alternatively, consider exploring business grants as a viable funding option.
DOES YOUR FIRM QUALIFY FOR ALL THE BANK FINANCING CANADIAN BUSINESSES NEED
While low-cost financing seems logical to every applicant, the reality is that low-rate funding is typically only available from our chartered Canadian banks.
Suppose small businesses can’t meet the hurdles banks impose (the holy grail of profits, clean balance sheets, and strong cash flows). In that case, it becomes a question of whether your business will make it with alternative finance solutions for a business loan other than a traditional bank loan.
Eligible businesses that do not qualify for traditional bank financing can explore other funding options like grants and alternative finance solutions.
Commercial banks can offer all your company needs if you can demonstrate profits, cash flow, and clean balance sheets with reasonable debt-to-equity ratios.
Even companies with those characteristics can often not achieve all the bank financing if they are in high growth and constantly need new capital -
That is where the world of alternative finance offers numerous solutions. Growth potential is critical to the majority of small business owners in Canada.
When financing a startup, financing sources are even more challenging as financing for entrepreneurs is a constant challenge for funds for business ideas.
LET 7 PARK AVENUE FINANCIAL PROVIDE YOU ACCESS TO THESE TRADITIONAL AND ALTERNATIVE FUNDING SOLUTIONS INCLUDING GOVERNMENT BUSINESS LOANS AND GRANTS
We promised to ‘ name drop ‘ on some of those traditional and alternate sources of capital and funds for business. They include, but are not limited to:
A/R Financing
Inventory Finance
Purchase Order/ Contract financing
ABL’S (asset-based non-bank credit lines)
Equipment Financing
Working Capital term loans
Sale leasebacks
Bridge Loans
Tax Credit Monetization
Merchant Cash advance/business credit cards
Government-guaranteed small Business Loans are a great way to achieve good interest rates and flexible terms and conditions when paid back.
Grant Funding -potential funding for new and existing employees
Tax Credits
A business plan will be required for various forms of Canadian business financing. 7 Park Avenue Financial business plans we prepare for clients meet and exceed the requirements of banks and commercial lenders.
The government can be a solid business funding source if you have the help to navigate!
SMALL BUSINESSES OWNERS AND PERSONAL GUARANTEES, PROVIDING COLLATERAL, ETC?
Business owners with SME Commercial Finance also need to separate their personal and business assets in the area of personal guarantees required by financing companies, including banks.
Bank financing in the SMB environment focuses on the owners' backgrounds and experiences.
Business support programs can help mitigate the need for personal guarantees by providing alternative funding options.
DOES YOUR FIRM PREPARE A CASH FLOW BUDGET
Whether operating or term in nature, many capital needs for your business are rooted in the need for or lack of planning. We couldn’t count the number of clients we meet that often do not know, let alone actual cash flow budgets.
Government programs and grants can support small businesses in managing their cash flow effectively.
When you don’t know how to make loan payments or take on new or larger orders, a downward spiral often starts without the required financing options.
ASSET TURNOVER AND FINANCING NEW ASSETS YOU NEED TO RUN YOUR BUSINESS FOR ECONOMIC GROWTH
Don’t forget that it’s not just about accessing new cash; it’s also about managing what you’ve got.
Adopting strong metrics in collections and inventory turns and utilizing equipment financing proactively to acquire new assets (it conserves cash flow) should be your new normal . Economic development programs often focus on job creation and can provide funding for developing new assets.
KEY TAKEAWAYS
Understanding key funding types provides crucial insight into business financing. Equity financing involves exchanging ownership stakes for capital.
Debt financing requires repayment with interest. Venture capital targets high-growth startups.
Small business loans offer accessibility for various enterprises.
CONCLUSION
Are you looking for professional help to finance your business?
Are you looking to forget the route those friends and family, venture capitalists, and angel investors are talking about to raise funds, raise money, and instead access real business loans and asset monetization strategies?
That help might come from your lawyer or accountant. Call 7 Park Avenue Financial, a trusted, credible, and experienced Canadian business financing advisor who will help you find and ensure that ‘getting it right’ is your new strategy for Canadian business financing success for a source of funding that works for your business needs.
Various funding options, including grants and loans, are available to support businesses, especially Canadian businesses, in achieving their growth and innovation goals.
FAQ
What is business funding, and why is it important?
Business funding refers to the financial resources obtained to start, operate, or expand a business. It’s crucial because it provides the capital necessary for growth in new domestic and international markets, innovation, and sustainability.
How can I determine the right type of funding for my business?
Assess your business needs, growth stage, and financial projections. Consider factors like ownership retention, repayment terms, and long-term goals to choose the most suitable funding option.
What are the main differences between equity and debt financing?
Equity financing involves selling ownership stakes in your company, while debt financing requires borrowing money that must be repaid with interest. Equity doesn’t require repayment but dilutes ownership, whereas debt maintains full ownership but adds financial obligations.
How do venture capitalists evaluate potential investments?
Venture capitalists assess factors such as market potential, scalability, competitive advantage, management team expertise, and potential return on investment when considering funding opportunities.
What documentation do I need to prepare when seeking business funding?
Prepare a comprehensive business plan, financial statements, cash flow projections, tax returns, and a detailed use of funds proposal to fund eligible costs and eligible expenses. Having these documents ready demonstrates professionalism and increases your chances of securing funding.
How does crowdfunding work for businesses?
Crowdfunding involves raising small amounts of money from many people, typically via online platforms. Businesses can offer rewards, equity, or debt-based crowdfunding campaigns to attract investors or supporters.
What are the advantages of bootstrapping a business?
Bootstrapping, or self-funding, allows entrepreneurs to maintain full control, avoid debt, and foster financial discipline. It encourages creativity, efficiency, and a focus on profitability.
