Canadian Business Financing | 7 Park Avenue Financial

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YOU ARE LOOKING FOR  BUSINESS FINANCING!

Traditional & Alternative Commercial Business Financing

Business Loan & Asset-Based Lending & Cash Flow Solutions

You've arrived at the right address!  Welcome to 7 Park Avenue Financial 

( Division of 6169899 Canada Inc. )

        Financing and cash flow are the  biggest issues facing businesses today 

               Unaware / Dissatisfied with your financing options?

Contact Us Today!

Call Now!  - Direct Line  - 416-319- 5769   Information/Sales: 416 - 702 - 5487

  Let's talk or arrange a meeting to discuss your needs

Direct Email Address / Stan Prokop   -  sprokop@7parkavenuefinancial.com

Welcome to 7 Park Avenue Financial: Your Trusted Partner for Canadian Business Financing  

Canadian Business Financing Solutions Tailored for Your Business

The 7 Park Avenue Financial Advantage

Founded in 2004, 7 Park Avenue Financial has emerged as a well-known force in business financing in the Canadian landscape. With over 40 years of experience in commercial credit, lending, and business financing, our Founder, Stan Prokop, recognized the changing tides of what makes sense in commercial lending in Canada.

Meeting  Evolving Needs of Canadian Businesses

In a rapidly evolving financial landscape, we identified a pressing need for tailored financing solutions catering to Canadian businesses' unique requirements. Our mission is to bridge the gap by providing innovative, flexible, and accessible financing options for businesses of all sizes, from small enterprises to larger corporations.

Your Success Is Our Purpose

Our purpose at 7 Park Avenue Financial is simple yet profound: to deliver your company's best business finance solutions. Our commitment to this purpose is unwavering, as we collaborate closely with business owners and finance managers to provide creative, impactful, and diverse financing options.

 Navigating the  Business Funding Landscape

With a comprehensive suite of business loan and funding solutions, we have established ourselves as a trusted partner for Canadian businesses throughout their journey. Whether you're seeking growth finance, working capital, or solutions to cash flow challenges, we tailor our offerings to your specific needs and industry requirements.

Financing Options at Your Fingertips

Through our expertise in asset-based lending, cash flow financing, and numerous traditional and alternative financing options we empower businesses across various sectors to access financing solutions that transcend traditional boundaries. By leveraging both conventional financial institutions and alternative lending avenues, we ensure that your business benefits from the right mix of financing strategies.

7 Park Avenue Financial - Your  Canadian Business Financing Partner

We are a beacon of alternative finance solutions in a landscape where Canadian banking facilities challenge small and medium-sized businesses. While our relationships with Canadian banks are strong, we recognize that specialized financing forms are essential, especially for loan amount requirements that fall outside the conventional realm with repayment options that make sense.

Tailored Solutions For Business Needs

At 7 Park Avenue Financial, we bring diverse financing solutions to your unique business demands. From Accounts Receivable Financing to Government Small Business Loans, Equipment Finance to Inventory Financing, we cover the spectrum of your financing requirements.

Expertise in Alternative Commercial Finance

Our team comprises seasoned finance professionals with a deep understanding of the SME sector. Whether your business strives to thrive, survive, or grow, our expertise spans debt funding, cash flow optimization, and asset monetization. We craft financing solutions that resonate with small businesses and larger corporations alike.

Why 7 Park Avenue Financial? A Proven Track Record!

With 19  years of business financing experience, we've successfully facilitated over $120,000,000 in financing. Our reputation is bolstered by service nominations from prestigious organizations like the Chamber Of Commerce, underlining our commitment to excellence.

Trusted by Clients / Acknowledged By The  Media

Over 400 clients have entrusted their financing needs to us, and our testimonials and client references speak volumes about our dedication. Our media coverage, including mentions in the Toronto Star, Globe & Mail, and Financial Post, reinforces our position as a small business financing expert.

Unmatched Expertise 

Backed by a team with decades of collective business financing experience across diverse industries, we specialize in asset-based lending, cash flow, and debt financing solutions. Our holistic approach ensures maximum cash flow for your business through tailored solutions for A/R funding, inventory management, equipment acquisition, and commercial real estate.

The 7 Park Avenue Financial Approach To Business Finance Strategy

Navigating the right solution in the business financing landscape can be challenging, but at 7 Park Avenue Financial, we offer a clear path forward. Whether you're a startup, a growing venture, or a well-established company, we're adept at identifying financing sources that align with your goals.

Beyond One-Size-Fits-All Solutions

We understand that each business is unique, so we tailor our financing solutions to your needs. By delving into crucial aspects like debt solutions, cash flow management, and asset monetization, we craft strategies that empower your business's financial health.

The Art of Financing

Unlocking capital for your Canadian business requires a nuanced approach. With the evolving landscape, traditional sources of liquidity have changed, giving rise to alternative financing solutions. At 7 Park Avenue Financial, we demystify terms like 'alternative financing' and 'cash flow,' helping you make informed decisions.

Your Journey to Succes / Leveraging Capital for Growth

Capital acquisition is a perpetual challenge for Canadian businesses. With 7 Park Avenue Financial by your side, you can overcome this challenge by accessing a range of financing solutions tailored to your growth strategies and business credit profile.

The 7 Park Avenue Financial Philosophy

We embody a simple philosophy - unlocking the power of business financing in Canada. As your partner, we ensure that the right financing solution aligns with your business's unique circumstances. Our holistic evaluation spans traditional bank financing and the dynamic realm of Alternative Finance.

Charting Your Path to Financing

7 Park Avenue Financial acknowledges the hurdles businesses face in accessing capital. From securing venture debt ( sr&ed / saas ) to deciphering the numerous alternative financing solutions available, we guide you in charting a successful financing journey. Our expertise helps you secure funding that propels your business forward.

7 Park Avenue Financial - Your Bridge to Business Financing

Empowering Canadian Businesses  

With a focus on startups, growing ventures, and established enterprises, 7 Park Avenue Financial is your partner in navigating the complexities of business financing. From business lines of credit to asset-based lending, we tailor solutions that propel your business forward.

Tailored Financing for All Stages Of Business

At every stage of your business, we offer precise financing solutions to match your requirements. Whether you're a startup seeking initial funding or an established firm aiming for expansion, our solutions address your needs, enhance sales, and optimize profits.

Crafting Success, One Financing Solution at a Time

In the dynamic landscape of funding your company there's no one-size-fits-all approach.

At 7 Park Avenue Financial, we embrace your uniqueness, crafting success by matching your company's needs with the right financing solution at the right time.

Conclusion: Your  Canadian Business Financing Solution

When financing your Canadian business, navigating the complexities alone is unnecessary. Call 7 Park Avenue Financial,  a trusted, credible and experienced Canadian Business Financing advisor - we're here to guide you with tailored financing solutions that empower your growth, enhance your cash flow, and ensure your success. Start your business financing journey with us today.

FAQ: FREQUENTLY ASKED QUESTIONS / PEOPLE ALSO ASK /MORE INFORMATION  

    
What is factoring finance, and how does it work  

  

Factoring finance is a type of business financing in which Canadian businesses can sell some or all of their accounts receivable /outstanding invoices to a third-party finance company, called a ' factor '. This allows the company to meet its short-term cash needs. Factoring is an asset-based lending business loan that helps companies secure funds via monetizing accounts receivable.

What is The Canada Small Business Financing  Program

The Canada Small Business Financing Program is a federal government loan program that assists small businesses in Canada by providing financial support to new businesses and established companies.

It allows them to access business financing used to start a business or provide expansion capital for business operations. The government guaranteed loans program is administered under Industry Canada and is in partnership with participating financial institutions in Canada, most notably Canadian chartered banks and some credit unions. There is a 2% registration fee attached to the final approval of the loan, and this amount can be included in the financing. Most lenders under the program are either a bank or credit unions offering SBL term loans and installments with blended payments under the competitive CSBFL loan interest rate.

Businesses with revenues or projected revenues less than 10 Million dollars and apply for various loan facilities under the program - Historically, the program only financed asset categories of eligible purchases of new or used equipment, leased property leasehold improvements, and commercial real estate. Real estate transactions can have a more extended amortization schedule as well as a competitive interest rate.

In 2022 the government of Canada amended the program to include new classes and types of loans that included working capital and lines of credit facilities. Monthly payments are flexible and tailored to the loan type. Other lenders in the government category include BDC loan solutions.

The program aims to assist Canadian businesses that might not otherwise qualify for traditional bank loans for businesses.  No external collateral is required under the loan program, and only a limited personal guarantee is required as the government guarantees the majority of the loan to participating institutions. Other factors to consider include business owners being required to provide a positive credit history in their finances/credit score.

 What are the different types of business financing loans for business? 

Different types of financing in Canada include debt financing and cash flow monetization financing solutions.  Blending principal and interest payments are common to term loan solutions and mortgages with an extended amortization period.

Companies can also sell an equity interest in their business in exchange for business capital or other considerations. Examples of equity financing firms include private equity companies, venture capital firms, or angel investors and friends and family funding.

Some businesses may explore government grants under various federal and provincial programs. Many of these grant programs require matching funds from the company applying for the grants.

Debt financing solutions are available from banks, business-oriented credit unions, and some alternative lenders offering asset-based lending solutions to the Canadian business sector. Asset-based lending solutions include non-bank business lines of credit, short-term working capital loans/merchant cash advances, tax credits, and grant financing solutions.

What is the best way to finance a small business?

Often the best way to finance a small business will include providing a business plan that outlines essential information on the nature of the company, its primary business model and target markets - including proper revenue, cash flow and profit projections.

Businesses should be prepared to consider finance options, including debt finance, third-party equity, and access to grants or government programs. Personal financial resources should typically be reflected in the business plan.

Entrepreneurs should be able to ensure they understand different loan terms, as well as the interest rates and repayment terms.  Business owners can use a business loan calculator to assess debt and cash flow implications.

That tool can use interest rates and monthly payment obligations based on the business's actual or projected cash flows. A company can assess its borrowing capacity by looking at operating cash flow and calculating net income plus depreciation plus or minus changes in working capital accounts.

Are there Government Grants In Canada For Businesses?

Yes, there are numerous government grants available for businesses in Canada.

Federal and provincial governments offer various grant programs to support Canadian businesses. These grants often target specific industries, regions, or business objectives.

Eligibility criteria vary widely depending on the program. Factors like company size, industry sector, and project type are typically considered.

Many grants focus on innovation, research and development, job creation, and export expansion. For instance, the Industrial Research Assistance Program (IRAP) supports technology innovation.

Some grants are designed to assist specific groups, such as women entrepreneurs, Indigenous business owners, or youth-led startups.

Regional development agencies like FedDev Ontario or Western Economic Diversification Canada provide grants tailored to local economic priorities.

It's important to note that while grants can be an excellent source of funding, they often require detailed applications and may have strict reporting requirements. Businesses should carefully review all terms and conditions before applying.

What are Merchant Cash Advances and how do they work?

Merchant cash advances (MCAs) are a form of alternative financing for businesses.

MCAs provide upfront cash to businesses in exchange for a portion of future sales. This is not a traditional loan, but rather a purchase of future revenues to cover day to  day business expenses.

Repayment is typically made through a percentage of daily credit card sales. This means payments fluctuate with your business's income.

Approval is often based on sales history rather than credit score, making MCAs accessible to businesses with less-than-perfect credit.

Funding can be obtained quickly, sometimes within days of application approval.

The cost is usually expressed as a factor rate rather than an interest rate. For example, a factor rate of 1.2 means you'll repay $12,000 on a $10,000 advance.

MCAs can be useful for short-term cash needs but are generally more expensive than traditional financing options. They're best suited for businesses with high volumes of credit card transactions.

Careful consideration of the terms and impact on cash flow is crucial before opting for an MCA. While they offer quick access to funds, the high costs can strain a business's finances if not managed properly.