YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
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 - 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
Business financing plan challenges rarely come with a ' clean white canvas' when it comes to options sought by Canadian business owners/financial managers seeking commercial loans or other forms of finance for their business. Let's take a ' start from scratch' viewpoint. Let's dig in.
The reality around the only two options for financing your business (debt or equity) still nevertheless provides numerous subsets of solutions within those two categories. In fact, in some cases, there are even ' hybrids' of those two financial choices.
So if you could start over in your financing options your understanding of where you business is in the spectrum - i.e. start-up, early-stage, growth, etc. is critical . Companies can burn through a lot of cash in the start up/r&d phase and those that can are encouraged to take advantage of Canada's SR&ED program if applicable. By the way, those R&D credits can be easily monetized via a Sr&Ed bridge loan, replenishing that much-needed early-stage cash flow.
Finance solutions for firms that are not yet profitable can also present a challenge. Although if you do have revenues those sales can be easily monetized via solutions such as A/R financing or inventory finance. Also large sales or contracts from legitimate clients can be financed via P O / Contract / Sales Royalty finance solutions.
In some cases, many Canadian firms focus on North American or overseas clients and markets. In some cases traditional finance solutions such as bank lines of credit or A/R factoring will in those scenarios require some form of credit insurance on your client base.
Debt financings suggest ' secured financing' via hard assets/term loans, etc. At the same time, some business owners prefer to ' chase ' solutions such as ' angel investments ', reverse takeovers of public companies or ' shells' or the proverbial (and somewhat elusive ' venture capitalist ').
Let's not forget the ' Government. ' Along with the SR&ED program that we mentioned there is of course the Government guaranteed Small Business Loan providing financing (maximum 350k) for thousands of businesses in Canada at attractive rates and structures.
Where do many owners / managers requiring SME COMMERCIAL FINANCE solutions miss the point when they try to access traditional financing? One is simply understanding the focus of traditional lenders such as banks. Their focus? Profits and sustainable cash flow! Their fixation with your ability to paying their interest and principal is... focused! When no additional collateral can cover their pre-occupation with cash flow and loan servicing, it is unlikely you will get bank/traditional financing.
The good news? That ' clean white canvas' we've been talking about can deliver other forms of accessible financing - they include:
Non-bank Asset-based ABL business lines of credit
Lease/sale leaseback / asset bridge loan finance
Working capital solutions including Factoring/Confidential Receivable Financing/Inventory finance
If you're looking for a ' start over' strategy that works in your business finance needs, seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you solve the Cdn. business finance conundrum.
Stan Prokop
