YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE & BUSINESS PLAN HELP
NEED A BUSINESS PLAN FOR FINANCING - LET 7 PARK AVENUE FINANCIAL WRITE YOUR PLAN
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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
Financing businesses in Canada may or may not require a business plan proposal. When do business plans make or break your firm's financing objectives, and are they required at all? What are the risks of not having a plan when you need one? Let's dig in.
WHY DOES YOUR COMPANY NEED A BUSINESS PLAN? NEED BUSINESS PLAN HELP?
Business owners and financial managers typically associate business plans with funding requests. Done properly, the document reflects the type and amount of funding you need (for example - capital expenditures / buying a business, etc.), potential future financing needs, what banks and other lenders (commercial finance companies, etc.) call the 'use of proceeds. Business plan writers such as 7 Park Avenue Financial understand your needs when this type of document is required.
FINANCIAL PRESENTATION IN A BUSINESS PLAN IS KEY - LENDERS LIKE TO SEE REPAYMENT!
Additionally, a proper document will include how the loan or financing needs fit your business's overall working capital and cash flow needs. It sometimes is forgotten that the lender is fixated on one thing - getting repaid!
CASH FLOW PROJECTIONS ARE KEY
While many plans we see focus on the past and present, it's always critical to integrate your financing into the future - reiterating how debt will be repaid, etc. Time periods for repayment are important also, as you want to demonstrate things like timing of cash flows, cyclicality in your business, temporary 'bulges' of sales and cash flow.
A sense of urgency is not the best theme to have in your business plans. That's when the ability to anticipate future financing needs properly helps your proposal stand out more legitimate. Financing under pressure seldom works - dire straits financing is certainly achievable - but not recommended as a strategy!
DOES A STARTUP NEED A BUSINESS PLAN?
Startups definitely need a business plan! Start-up business financing almost always requires a proper business plan. Here capital and funding are typically more costly as it's associated with more ' risk ' - so your ability to have a clear, sound business plan reflecting realistic potential success is desired. Certain industries are occasionally out of favour - if that's the case, even more care is needed.
WHEN IS A BUSINESS PLAN REQUIRED? WHEN ARE BUSINESS PLANS RECOMMENDED?
Here's a quick recap of some of the main types of Canadian business finance solutions - highlighting a more clear need for when you might best consider the need for a business plan
A/R Financing - not required
Inventory Financing - not required
Government SBL Loans - required/recommended
Term loans - Recommended.
Acquisition Financing - Required/recommended.
SR&ED & Film Tax Credit Financing - not required
Franchise Financing - Required and recommended.
Working capital term loans - Recommended.
7 PARK AVENUE FINANCIAL PREPARES BUSINESS PLANS AT A REASONABLE COST AND WITHING YOUR NEEDS TIMEFRAME!
The cost and time in preparing a business plan that reflects your funding needs is more reasonable than most owners imagine. Seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can ensure your plan is cost-effective and works. It will include an executive summary, strong cash flow projections, and details on your management team and marketing plan. Bottom line? We know your required format of a business plan relative to your needs.
Small businesses always benefit from proper business planning/business plan services. The business owner/ financial manager should always be on the lookout for those 'warning signs' that a good business plan proposal is required - one that reflects that your company merits and deserves the financing it needs to start /operate/grow, or acquire a business. Can your firm benefit from our business plan writing service.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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