YOUR COMPANY IS LOOKING FOR CASH FLOW FINANCING!
SMALL BUSINESS WORKING CAPITAL FINANCING 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
Say it isn’t so. Please say it isn't so. But it is so. There it was. The front page of Canada's best-known business page. It was a headline that screamed us looking into it.
What was the story? It involved one of Canada's most iconic and largest corporations, indicating that the company had chosen to preserve cash due to their investments in growth and the future. The result? Travel cancellations, no new hires, and yes... and we're quoting here:
‘CUTTING ALL FUNDING FOR CHRISTMAS PARTIES’
We suppose if they had been politically correct they should have said ' holiday parties ' but we’ll weigh in on that one another day ... as in never.
So, cash flow financing. Is it that important that it makes the front page of Business news? Well, we have always thought it was so thanks for the vindication.
Let's examine why front-page news is where working capital solutions around small business financing belong. Business owners and managers in larger corporations all the way down to start-up realize that it's that elusive cash flow that runs their business on a daily basis; and in the case of our subject company today allows you to plan and grow for the future.
So, it’s all about careful planning for small businesses in Canada, and solutions to not run out of cash. And as we're always saying, you can both access cash flow and working capital solutions, as well as managing your assets to optimize cash.
The business owner always struggles with debt around taking on a small business loan and although that strategy (taking on debt) is on the way of accessing capital it's certainly not always the solution. Interest rate issues and the cost of financing should also always be considered - In fact, we tend to favour two better solutions when you apply for a loan and consider additional business capital -
Managing asset turnover in receivables and inventory (and payables)
Monetizing assets into cash flow solutions that 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
Government Of Canada Small Business Loan Program - The Guaranteed federal business loan and the Canada Small Business Financing Loan
Canadian business owners and managers need to run their business while at the same time understanding their cash flow cycle - it's not that simple - just doing some basic calculations around how long it takes for 1 dollar to flow through your corporations, from the time you buy supplies and services to the point where your valued clients pay you. It doesn't take long for the business owner and manager to understand that cycle can be anywhere from 60 -120- days. And in between that? It's the cash flow gap!
PAPER PROFITS DO NOT EQUAL CASH FLOW
Also, differentiate between making a profit on paper and having cash, or access to cash on your balance sheet. Huge difference.
In Canadian small business financing today there are numerous solutions for working capital. Some are called ' alternative ‘... many are newer and innovative, often called ' alternative '. All of them can work for your firm when you understand how they work, what they cost, and what the benefits are.
CONCLUSION
So, Xmas cancelled. We hope not. But in the meantime, speak to a trusted, credible and experienced Canadian business financing advisor on business credit and your business needs and on how you can access a small business loan and cash flow financing that makes sense for your firm... today.
Stan Prokop
7 Park Avenue Financial/Copyright/2020
