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 finance and the challenges that come with financing your company can easily make the business owner/manager feel like they are ' flying blind.’ So when it comes to cash flow problems, business owners would welcome some ' positive disruption' in their finances. Luckily several solutions, as well as mgmt techniques, can help. Let's dig in.
' All tied up ' is really a solid expression for the working capital/cash flow challenge - if only for the reason that your investment in inventory and receivables is in fact tied up on your balance sheet - as opposed to those funds being in your bank account.
Top experts tell us that working capital performance varies greatly between SME (small/medium-sized businesses) firms and larger corporations. Interestingly, larger firms improve cash flow by using the clout they have with clients to delay payables - which is a key factor in improving cash flow!
You must have a handle on a few tools that help you measure cash flow performance and needs, as well as identifying times that external financing is needed. That financing for your cash flow needs can come from various traditional (Canadian chartered banks) and ' alternative ' sources. Those sources include:
Invoice Financing / Factoring/ Confidential Receivable Financing
Working capital term loans
Non-Bank Asset Based Busines Lines of Revolving Credit from Commercial Finance Companies
Financing Refundable Tax Credits
P O / Contract / Sales Royalty Financing
While alternate forms of financing will always cost more, they provide the capital you need to fuel your business.
Using Confidential Receivables Financing as an example, a business can access 90% financing on its total receivables. With proper collection processes in place, this puts cash in your bank today. The higher cost of financing can be significantly offset by using that cash to take vendor discounts or negotiate better pricing and give the owner/manager confidence that they can take on more business without the dreaded cash flow problem worries that come with growth.
Naturally, every industry is different relative to cash needs - service businesses, for example, are less capital intensive, and typical financing needs revolve around receivables only. Larger mfg firms need full blow business credit lines to cover off inventory and other asset needs. Leasing assets is a great way to offset the cash flow investment required to facilitate asset growth.
The bottom line? No matter whether your firm is a start-up, SME rising, or larger corporation, it's important to ensure you've got access to some ' positive disruption' in cash flow needs. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor, avoiding that flying blind feeling in running and growing your business.
Stan Prokop
