YOUR COMPANY IS LOOKING FOR BUSINESS FINANCING SERVICES!
Financing For Your Business / Business Loan 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 - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Business financing services in Canada. That's where the Canadian business owner and financial manager look to for business needs, putting the ' ding ' back in the fun; which equates to FUNDING of course!
THE INEVITABLE CASH CRUNCH
We meet many clients who fortunately are doing a pretty good job of planning ahead for their financing needs. What they don't anticipate is the unanticipated event that causes an immediate negative reaction in their cash flow and working capital funding needs in the small business loans arena.. and we're not even talking about just pandemics! Just the other day we met with a client who had lost their major client. The problem? That represented 80% of all of their business. The adverse reaction? Well, you can pretty well feel the pain, but one immediate thing that happened was that their bank called their operating line of credit and small business loan.
Is there some ways to take stock of how you can plan for adverse business events that happen pretty fast? We think there is, so let's dig in!
3 KEY AREAS OF YOUR BUSINESS
A lot of the points we'll make revolve around three areas:
Growing your business,
Generating profits,
Just plain surviving!
It's the owners and financial managers' goal to keep cash flowing through all those periods, and each of them has its challenges.
WATCH OUT FOR THESE BUSINESS SURPRISES
It seems easy to prepare a cash forecast and get a strong sense of your inflows and outflows over time based on your own experience. But what will you do when the unexpected occurs: That might include:
Competitor issues around pricing/products
Government legislation
Technology change
Etc!
That's when things get exciting, in the worst way!
PLANNING FOR BUSINESS EMERGENCY FUNDING SOLUTIONS
So how can the business owner plan for funding when an emergency situation occurs? To us it comes down to three elements:
1. Having a strong sense of the time it takes to search for funds - It just might be recommended that you always have an expert in Canadian business financing to talk to - even in the good times
2. Knowing what options are available - These might include a temporary bridge loan on unencumbered assets, a receivable finance strategy, Purchase order financing, an unsecured cash flow loan, and finally a monetization of any tax credits which can be financed. (Yes you can finance n SR&ED claim), and the sale-leaseback of owned assets. Oh, and by the way, do you recall that client that had their chartered bank operating line of credit called - they are fully eligible for a non-bank asset-based line of credit? Business owners are always looking for creative methods of accessing working capital to sell their products or services.
The Canada Small Business Financing Program, aka ' sbl loans ' is a great source of capital for those business owners who are fatigued pitching angel investors and the elusive venture capital equity investment.
3. Knowing that you do have a strategy to mobilize resources you are not using today. At this point you are no longer ' keeping score' in business; you're taking stock of all your financial resources in business assets, financing relationships, etc.
ADDRESSING FUNDING EMERGENCIES
Financial emergencies can happen to your company at any time. At that point, you need to ensure you know:
What your resources are,
What assets can be liquidated,
Knowing you have alternative financial vehicles to cope with the planned outflow of cash.
CONCLUSION
Small businesses in the SME economy need access to business capital and the resources to help them access funding.If you are looking for business financing services funding seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with a financing emergency or avoid one with business loans tailored to your needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
