YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING OPTIONS!
BUSINESS LOAN AND SMALL BUSINESS FINANCING SOLUTIONS IN CANADA
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 financing in Canada. It is easy for the business owner/financial manager to feel they are ' foraging ' for solutions. There's probably no problem with that, although we're highly recommending that you learn as you gather! Let's dig in.
WHAT IS THE RIGHT SOLUTION FOR YOUR BUSINESS FUNDING?
Feeling tired of exploring those finance solutions? Are the odds stacked against you? Given bank business loans, government-guaranteed loans, niche solutions offered by commercial finance companies, and all those equity solutions that dilute capital (angel/VC funding, crowdfunding, etc.), what really is the right solution achievable for your business? Over a period of time, small business owners quickly realize that even a bank loan becomes a huge challenge for many businesses that can't meet the traditional requirements of bank lending.
DEBT VERSUS EQUITY
Those equity solutions (as opposed to debt and asset monetization) are really only suitable if your business can achieve hyper-growth, market dominance, etc. Not for everyone.
MAKING THE WRONG BUSINESS FINANCING DECISION IS COSTLY
Sometimes it's also difficult for the owner/manager to decline a finance solution when it might be the wrong one - that’s a painful business financing, and we see a lot of that when we talk to certain clients - whether its a secured business bank loan or another type of corporate finance solution.
IS IT ALL ABOUT ' CASH FLOW '?
More often than not, it’s a ' cash flow ' solution that is required. Those outflows simply aren't matching the inflows! And the degree of seriousness of that problem has taken many a business down.
The best cash flow and working capital solutions are those that fix temporary and intermediate problems. In many cases, they are not the long-term fix that equity capital can provide - from owners or outsiders.
INTERNAL FINANCIAL MANAGEMENT IS ALSO IMPORTANT!
We're the first to advise clients that working capital problems can be overcome by a lot of internal work, not necessarily requiring external financing solutions, which comes via selling more, generating higher profits, and focusing on asset management and debt reduction.
CANADIAN BUSINESS FINANCING SOLUTIONS
What are though those external financial solutions to business financing, cash flow and working capital? They include:
Bank credit line - A good credit score and personal credit history is required for traditional bank financing in Canada.
Asset-based lines of credit - full facilities or invoice or inventory finance separately or together- real estate can be included in your line of credit - Talk to 7 Park Avenue Financial about how that works.
Tax credit monetization
Accounts receivable financing/ factoring/ Confidential receivable fianncing
Equipment financing/sale-leasebacks
Tax Credit Finance bridge loans
Merchant Cash Advance / Business Credit Cards /Short term working capital loans - this type of financing is a lump sum cash advance tailored to your cash flows and paid back on a weekly or monthly basis based on an analysis of your cash inflows via your bank statements.
The right financing solution can be identified, allowing a turnaround of sorts to commence.
Small business loan interest rates are always top of mind with entrepreneurs and business owners. Don't forget to also consider Government loans via the Canada Small Business Financing Program, which offers an attractive interest rate and flexible terms and conditions and limited personal guarantees. A solid business plan and realistic cash flow projections are requirements - 7 Park Avenue Financial business plans meet and exceed bank and commercial lender requirements.
CONCLUSION
There is a huge difference in the cost and access to financing that larger profitable companies have versus those struggling in the mid-market SME Commercial sector in Canada. The reality is that smaller firms are ' credit-scored ' in a fairly formulaic way - larger businesses get a bit more attention.
Venture capital options exhausted for your business needs ? ! In reality, that type of financing for small businesses is for the smallest percentage of companies in Canada and, unfortunately, probably not yours.
It's critical to understand why your firm can't get the financing you think it needs, but as important to know what the alternatives are. Seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can reverse that ' foraging ' feeling.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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