YOUR COMPANY IS LOOKING FOR CASH FLOW FINANCING!
Financing The Change In Working Capital Cash Flow
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
Business finance solutions empower businesses to achieve financial stability and growth.
Unlock the potential of your business with tailored finance solutions.
CANADIAN BUSINESS FINANCING SOLUTIONS
Do you have your cash flow financing priorities straight? That's a pretty simple question, right? But when we talk to clients about what's important to them regarding business working capital, they tell us they spend a lot of time on this issue but are concerned that they don't have the resources or information they need to get the help they desire.
Finding your company's right business finance solutions can differentiate growth and survival. Business finance solutions in Canada encompass a range of financial products designed to support businesses' varied needs, from securing working capital to funding expansion and acquisitions.
Talk to the 7 Park Avenue Financial team for more information on working capital solutions, asset acquisitions of equipment and technology, operation lines of credit that are traditional or non-bank in nature, and government business loans or target acquisitions.
Business Finance Solutions: The Challenge of Financing a Small Business in Canada
Unfortunately, size counts when it comes to financial success. Small and medium-sized firms in Canada just don’t have the same access to ‘financing talent’ for the liquidity to fund their operations.
These firms often face significant challenges in accessing traditional bank loans. It’s a two-edged sword, gravitating between survival and growth. Assessing your working capital loan needs is critical to financial success.
IS SELF FINANCING THE OPTION
What Canadian business owners and financial managers can do is to in fact spend their time a bit more wisely on what solutions make sense for their firm.
Developing comprehensive business plans to address critical components such as missions, goals, objectives, markets, products and services, operations, and finance is crucial. And by the way, some of those solutions, as we’ll discuss, are internal, not necessarily external!
The obvious ones are spending properly, trying to self-finance from within (yes you can by the way) and ensuring you have got some controls and tools in place to manage your cash flow financing needs and information.
After the 2008 and 2009 worldwide financial debacles, many Canadian firms hunkered down and managed their way through the crisis and the COVID-19 Pandemic 10 years later.
THE BLOCK-AND-TACKLE APPROACH TO BUSINESS FINANCING
As we have always maintained, you don’t need to be a rocket scientist to manage working capital and make improvements to it. Debt financing is a specialized business financing solution, including asset-based lending and working capital loans.
One business pundit describes it as a ‘ block and tackle approach’! That approach is as basic as it comes - collecting money from your suppliers, generating better terms with your vendors and key suppliers, and turning those inventories!
MEASURING BUSINESS ASSET TURNOVER IS CRITICAL
That’s what we discussed before when we spoke of the internal solutions instead of the external ones. At that point you’re simply focusing on your ‘day’s
KEY TAKEAWAYS
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Working Capital Loans: These loans provide businesses with the necessary funds to cover daily operational costs, ensuring smooth functioning.
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Equipment Financing: This allows businesses to acquire essential equipment without straining their cash flow, promoting efficiency and growth.
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Business Lines of Credit: Offering flexibility, lines of credit enable businesses to borrow as needed, managing cash flow effectively.
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SBL Loans: Government-backed loans that provide favourable terms and conditions for small businesses, making financing accessible.
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Business Acquisition Financing: Essential for businesses looking to expand through acquisitions, providing the necessary capital for such ventures.
CONCLUSION
Want help with some of those working capital cash flow priorities?
Call 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor today who can assist you with financing capital needs.
FAQ
What are business finance solutions?
Business finance solutions are financial products and services designed to help businesses manage their finances, including loans, lines of credit, and equipment financing.
How can working capital loans benefit my business?
Working capital loans provide the necessary funds to cover daily expenses, ensuring your business operates smoothly even during cash flow challenges.
What is the advantage of equipment financing?
Equipment financing lets you purchase essential business equipment without depleting your cash reserves, enhancing operational efficiency.
How do business lines of credit work?
Business lines of credit offer flexible borrowing options, allowing you to access funds as needed and repay them on a revolving basis.
What types of Government guaranteed SBL loans are available?
SBL loans include various programs such as loans for general business purposes, loans for real estate and equipment, leasehold improvements and working capital cost financing for more SME financing needs.
How can I improve my chances of getting approved for a business loan?
To improve approval chances, maintain a strong credit score, prepare a solid business plan, and ensure your financial documents are in order.
What is invoice factoring and how does it work?
Invoice factoring involves selling your unpaid invoices to a factoring company at a discount, providing immediate cash flow while the company collects payments from your customers.
Can merchant cash advances be a good option for my business?
Merchant cash advances are short-term working capital loans that can benefit businesses with consistent sales. They offer quick access to funds, which are repaid through a percentage of daily sales. They are readily available but come with high financing rates.
What are the risks of using trade credit?
Trade credit can help manage cash flow but poses risks like over-reliance on suppliers and potential strain on supplier relationships if payments are delayed.
How does inventory financing support retail businesses?
Inventory financing provides funds to purchase stock, enabling retail businesses to meet customer demand and drive sales without interrupting cash flow.
What is the importance of having multiple business finance solutions?
Having multiple finance solutions provides flexibility and ensures you can choose the most suitable option for various financial needs, promoting business stability and growth.
How do I decide between a loan and a line of credit?
Choosing between a loan and a line of credit depends on your business needs. Loans are ideal for specific, one-time expenses, while lines of credit offer ongoing flexibility for various costs.
What role do SBL Canadian Government loans play in business finance solutions?
SBL loans play a crucial role by providing small businesses with access to affordable financing options, often with favorable terms and lower down payment requirements.
