Canadian Business Finance Credit Solutions

YOUR COMPANY IS LOOKING FOR FINANCING!

FUNDING THE SMALL BUSINESS 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
Suite 301
Oakville, Ontario
L6J 7J8

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Business finance credit in Canada. We recently (yesterday) read that 73% of all businesses in the U.S. were generally ' optimistic ‘about their business and the economy. These types of articles often mirror the Canadian situation. When it comes to us though it seems we're more often than not meeting the other 27%, who are somewhat less optimistic and, in the case of our article, find themselves in ' stall ' mode when it comes to access to traditional lending solutions and the search for business loan approval.

THE CHALLENGE OF FINANCING SMALL AND MEDIUM-SIZED BUSINESSES IN CANADA

The irony though is that the demand for financing seems there all the time when it comes to businesses in the SME sector, and alternatives to any sort of traditional lending are being more and more welcomed by Canadian businesses. At 7 Park Avenue Financial we have often said to clients ' alternative is the new traditional' when it comes to small business loans and access to business capital.

HAS YOUR COMPANY BEEN DECLINED FOR FUNDING BY A BANK?

In that same article, it indicated 36% of all businesses applying for some form of financing in fact were declined by the banking system. The harsh reality in Canada is that if you are unable to meet the fairly straightforward requirements of our banks (profits, clean balance sheets, outside collateral, etc.) you are often not in a position to get any or all of the financing you need to grow revenues.

And talk about being negative, but 2/3 of business owners who didn’t bother to apply for financing behaved that way simply because they were sure they were going to get declined!

WHY BUSINESSES SEARCH FOR DEBT AND WORKING CAPITAL SOLUTIONS

The majority of businesses that try to access debt or working capital do so for the right reason, they wish to grow their business, expand facilities or upgrade assets either technological in nature or in the shop/plant. As they are successful in doing that they traditionally then have more working capital and cash flow needs.

HERE IS A LIST OF CANADIAN BUSINESS FINANCE SOLUTIONS - WHICH ONE/ONES WORK FOR YOUR COMPANY?

So if you the Canadian business owner or financial manager are looking to grow sales and access forms of capital what then are the options? At 7 Park Avenue Financial Business loans come with different terms and interest rates depending on whether you are accessing traditional or alternative financing.

In Canada they include:

A/R Financing

Inventory Loans

Access to Canadian bank credit

Non bank asset based lines of credit

SR&ED Tax credit financing

Equipment / fixed asset financing

Cash flow loans

Royalty finance solutions

Purchase Order Financing

Short Term Working Capital Loans/ Merchant Advance

Securitization

The government of Canada small business financing program is a great solution for startups and early-stage companies. Click HERE for more information on the government guaranteed federal loan program

HOW TO BE SUCCESSFUL IN CANADIAN BUSINESS FINANCING

Being successful in any aspect of business finance includes the following -

Knowing the type and amount of financing you require

Being able to predict and assess your real cash flow

Understanding the benefits, risks, and implications of any type of access to capital that you're considering

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CONCLUSION

Whether you are searching for term loans or short-term working capital solutions there is always a funding alternative. There is no one specific ' how to ' when it comes to the various complexities of growing your business when it comes to choosing the right financial solution at the right time - allowing your firm to expand its product and services. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in navigating the frothy seas of cash flow, debt, and working capital finance in Canada.