YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING!
CUSTOMIZED FINANCING SOLUTIONS AND COMMERCIAL LOANS
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing businesses 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
Commercial and corporate lending is essential for business growth and financial stability.
Unlock your business potential with tailored commercial and corporate lending solutions.
7 Park Avenue Financial originates business financing solutions for Canadian Businesses – We offer Commercial and Corporate Lending 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”
THE SME BUSINESS FINANCING CHALLENGE
Canadian Commercial Lending Solutions
Business financing in Canada must often seem like a ' CSI'- like capital mystery to the Canadian business owner and financial manager.
If he or she is on the right track, they or can almost be looked upon as a 'stalker' when searching for the (right) business capital to finance their growing businesses to their full potential. And it sure feels sometimes that the whole financing process feels like a ‘ crime scene ‘ of sorts. Let's dig in!
Commercial Lending Solutions
Commercial and corporate lending is a cornerstone for business growth and expansion. Canadian and commercial banks and alternative lenders are crucial in providing financial support. Talk to the 7 Park Avenue Financial team about your business funding alternatives.
CORPORATE LOANS / LENDING / FINANCING
Planning business finance strategies allows your firm to stay ahead of the game. Your ability to put the right strategy in place will always allow you to bargain with strength when it comes to financing your company.
One question business owners/managers face is the issue of getting financing with their internal resources and expertise or seeking the input of an external financial advisor. That role can be filled by your accountant, lawyer, or business financing advisor with a track record of success and one with whom you are comfortable.
A suitable amount of planning has to be in place—a simple understanding of your firm’s balance sheet today and where it needs to be when it comes to planned growth.
In addition to traditional financing, asset management services can help corporate customers optimize their financial resources and navigate the challenges posed by tighter monetary conditions.
One part of the whole planning process that can more easily be defined is your need to plan for equipment asset needs.
EQUIPMENT FINANCE/LEASE solutions can address the cost of these assets, their useful life, and the cash flow implications. Whether it’s a 5k copier or a million-dollar production asset for the shop floor, it’s all about achieving the right lease finance solution.
While a formal business plan and cash flow forecast aren’t needed when it comes to ‘ stalking’ those financing options, they sure help. A proper plan or cash flow will allow you to clearly understand what funding you will need and when.
YOUR FIRM WANTS FLEXIBLE LENDING OPTIONS
There are probably about 15 quickly identifiable sources of financing for your firm. They can be boiled down to three simple categories: debt, equity, or asset monetization.
Are you seeking a ‘shopping list’ for these financings for credit approval?
Commercial loans are not perpetually extended and are guided by predetermined credit policies. They often require collateral to secure the loan.
Here they are:
CANADIAN BUSINESS FINANCING SOLUTIONS! SMALL BUSINESS LOANS AND LINES OF CREDIT
Canadian business financing solutions encompass a wide range of options, including commercial banking services, credit unions, and other financial institutions that offer tailored products to meet diverse business needs.
Receivable Finance - a solid alternative to a bank operating line
Inventory Financing
Sale leasebacks - refinancing fixed assets or commercial real estate & refinancing commercial mortgages
Equipment leases - long-term financing for capital asset and equipment purchase and technology acquisitions
PO/ Contract financing - Export Development Canada credit insurance or purchase order financing from asset-based lenders and other commercial finance firms
Asset-based lending/bridge loans -
Commercial bank revolving lines of credit
Royalty finance arrangements
Working capital term loans for funds to run your business day-to-day
Government SBL loans - Talk to the 7 Park Avenue Financial team on which financial institutions best suit your government-guaranteed loan needs - This is a term loan structure to a maximum of 1.5M at competitive interest rates for new and small businesses - Leasehold improvements can also be financing under the program
Subordinated debt/cash flow/mezzanine-type financing
Private Equity
Merchant cash advance - short-term working capital loans for easy access to small loans in the 100k-200k range for short-term/emergency funding
FLEXIBLE COMMERCIAL LENDING OPTIONS
And the $ 64,000.00 question? Which one... or ones are right for your firm?
That comes down fundamentally to two issues - your capital structure and your overall creditworthiness for the financial institution or commercial finance company -
FINANCING THAT HELPS YOU GROW AND SUPPORTS YOUR BOTTOM LINE
If there is any good news in Canadian business financing it’s that your firm can be a start-up, high growth, mature and doing well, or in bankruptcy or receivership proceedings - the bottom line ?… There’s still a financing option for your firm.
Investment banks also play a crucial role in providing financing options for businesses, particularly for large-scale projects and mergers and acquisitions.
A good way to prepare for that ‘ stalking’ process we’ve talked about is to simply understand what stage of business life your own firm is in - as per above, and ensure you focus in on the financing alternatives that are REALISTICALLY available for your business. It’s simply addressing the cash issue in the context of where your company is in its life cycle.
Is there a perfect financing strategy available for your firm? Sorry, Virginia, but the truth is that some work better than others, and some cost less… or more than others.
KEY TAKEAWAYS
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Types of Commercial Loans: Understanding different loan options gives insight into what suits your business best.
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Loan Application Process: Knowing the steps involved helps streamline obtaining financing.
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Interest Rates and Terms: Awareness of rates and terms impacts cost management and repayment planning.
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Collateral Requirements: Understanding collateral needs ensures businesses are prepared to secure loans.
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Creditworthiness Assessment: Knowing how creditworthiness is evaluated can enhance loan approval chances.
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Retail Banking vs. Corporate Bank Solutions: Understanding the differences between retail banking services for individuals and corporate banking services and cash management services for businesses can help you choose the right financial products based on corporate lending trends.
CONCLUSION
If you want to address what commercial lending options are available for your firm call 7 Park Avenue Financial .
We're a trusted, credible and experienced Canadian business financing advisor for a single point of contact who can assist you in growing your business and meeting the capital solutions that make sense for your firm and its business needs right here and right now!
FAQ: FREQUENTLY ASKED QUESTIONS
What are the types of Commercial Loans?
Commercial loans come in various forms, each designed to meet specific business needs. Here are the common types of commercial loans:
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Term Loans: A lump sum of capital borrowed and repaid over a fixed period with regular payments. These loans are typically used for significant investments like purchasing equipment or real estate.
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Lines of Credit: A flexible financing option that allows businesses to borrow up to a predetermined limit and only pay interest on the borrowed amount. It’s ideal for managing cash flow fluctuations and unexpected expenses.
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Commercial Real Estate Loans: Loans specifically for purchasing, refinancing, or renovating commercial properties. These loans often have longer repayment terms and can be either fixed or variable rate.
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Equipment Financing: Loans used to purchase business-related equipment. The equipment itself often serves as collateral, making these loans easier to obtain.
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Working Capital Loans: Short-term loans designed to help businesses manage their day-to-day operations and cover short-term expenses like payroll, rent, and utilities.
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Invoice Financing: Also known as accounts receivable financing, this type of loan allows businesses to borrow against their outstanding invoices, providing immediate cash flow while waiting for customers to pay.
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SBA Loans: Loans partially guaranteed by the Small Business Administration (SBA), offering favorable terms and lower down payments. These include various loan programs like the 7(a) loan, 504 loan, and microloans.
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Merchant Cash Advances: A lump sum provided to a business in exchange for a percentage of future sales. This option can be more expensive but offers quick access to capital.
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Trade Finance: Financial products that facilitate international trade, such as letters of credit and export financing, helping businesses manage the risks and cash flow associated with trading across borders.
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Bridge Loans: Short-term loans used to bridge the gap between immediate funding needs and long-term financing solutions. These loans are often used for quick capital needs during transitions.
Each type of commercial loan serves different purposes, and businesses should carefully consider their specific needs and financial situation when choosing the appropriate financing option.
What are commercial and corporate lending requirements?
Commercial and corporate lending requirements can vary depending on the lender and the specific type of loan. However, standard requirements typically include:
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Business Plan: A comprehensive business plan outlining the company's objectives, strategies, market analysis, and financial projections.
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Financial Statements: Detailed financial statements, including balance sheets, income statements, and cash flow statements, typically for the past three to five years.
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Credit History: Both personal and business credit scores are evaluated to determine creditworthiness and risk.
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Collateral: For secured loans, collateral such as real estate, equipment, or other valuable assets may be required to secure the loan.
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Business Licenses and Legal Documents: Proof of business registration, licenses, and other legal documents that verify the business's legitimacy.
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Tax Returns: Business and personal tax returns for the past few years to verify income and financial stability.
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Debt-to-Income Ratio: Evaluation of the company's debt-to-income ratio to ensure the business can handle additional debt.
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Loan Purpose: Clear explanation of how the loan funds will be used, whether for expansion, equipment purchase, working capital, or other business needs.
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Ownership and Management Information: Details about the business owners and key management personnel, including their backgrounds and experience.
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Repayment Ability: Commercial Lenders and Corporate bankers look for a demonstrated ability to repay the loan through projected revenue streams and cash flow analysis.
Meeting these requirements helps lenders assess the risk and viability of extending credit to a business, ensuring that the borrower can fulfill their loan obligations.
Is a commercial loan a business loan?
A commercial loan is a type of financing designed for business owners. These loans can come in different forms. A commercial loan is a financing a business uses to finance its day-to-day operations and growth in trade finance functions. At the same time, larger companies may take out more extensive projects like buying new equipment or other businesses or competitors, which a commercial bank or non-bank finance company can help corporate customers.
What is commercial and corporate lending?
Commercial and corporate lending involves providing financial support to businesses through various loan products to help them grow, manage cash flow, and invest in new opportunities.
How can my business benefit from commercial lending?
Commercial lending can give your business the necessary funds to expand operations, purchase equipment, manage cash flow, and exploit new market opportunities.
What types of loans are available for businesses?
Businesses can access various loans, including working capital loans, equipment financing, commercial real estate loans, and lines of credit, each tailored to specific needs.
What is the difference between secured and unsecured loans?
Secured loans require collateral, such as property or equipment, reducing the lender's risk. Unsecured loans do not require collateral but often come with higher interest rates.
How do I apply for a commercial loan?
To apply for a commercial loan, gather financial statements, a solid business plan, and other relevant documents. Submit these to your chosen lender, who will evaluate your application based on creditworthiness and business viability.
What are loan covenants?
Loan covenants are conditions set by lenders to ensure borrowers maintain certain financial ratios or operational benchmarks, protecting the lender's investment.
Can small businesses qualify for corporate loans?
Yes, small businesses can qualify for corporate loans, especially if they have a strong business plan and financial statements demonstrating their ability to repay the loan.
How does the loan approval process work?
The loan approval process involves submitting an application, providing financial documentation, undergoing a credit check, and potentially meeting with the lender to discuss the business's needs and repayment capacity.
What is a line of credit, and how does it work? A line of credit is a flexible financing option that allows businesses to borrow up to a predetermined limit and repay as needed, similar to a credit card but often with lower interest rates.
What is trade finance, and who can benefit from it?
Trade finance includes financial products that facilitate international trade, such as letters of credit and export financing. Businesses engaged in global trade can benefit from these solutions to manage cash flow and reduce risk.
How does commercial lending support business growth?
Commercial lending provides businesses the necessary funds to invest in growth opportunities, such as expanding operations, purchasing new equipment, or entering new markets.
What factors should be considered when choosing a commercial lender?
Consider the lender's reputation, interest rates, loan terms, flexibility, and financial product range. It's important to find a lender that understands your business needs.
What role does collateral play in securing a business loan?
Collateral reduces the lender's risk by providing an asset that can be claimed if the borrower defaults. This often results in lower interest rates and better loan terms for the borrower.
How do savings accounts work?
Savings accounts via retail banks and corporate banking financial institutions are essential for both personal and commercial consumers in the financial sector. Banks use the money deposited into savings accounts for lending, which helps maintain the banking industry's stability. The stability of savings accounts and the broader banking sector can significantly impact the global economy, as seen during the 2007-2008 financial crisis and COVID-19.
