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 - sprokop@7parkavenuefinancial.com
7 Park Avenue Financialhttp:// https://www.7parkavenuefinancial.com/Canadian-business-banking.html
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Business financing in Canada might well have business owners/financial managers feeling like they are navigating the high seas... without a roadmap. Not recommended? How does your company affect ' outrun' its needs, choosing commercial financing for survival and growth? Let's dig in.
Companies with stable and positive financials look to Canadian Chartered banks for their business needs. When banks can't/wodon't satisfy those needs, other solutions are available- more about those later.
Businesses with SME COMMERCIAL FINANCE needs often face challenges in choosing a bank, a banker; our banks tout convenience and online services, etc. However, many businesses are unable to meet basic business credit line criteria.
‘Old School ' lending talked about the 4 C's of bank lending - character, capacity, credit, and collateral. While many of our clients have no problem passing' character ' they can't meet issues of collateral, proven cash flow, and credit history.
Enter... stage left... non bank alternate financing sources! Is there a finance solution to the business line of credit that meets your needs? Those bank lines provide overdraft protection based on personal guarantees and financing against your sales/receivables - typically 90% of A/R value. For businesses with a history of profits and success, it's low-cost, flexible financing.
When your company can't access bank financing top experts tell us that business owners resort to personal loans, collateral mortgages on their homes, equipment leasing, etc. There is one very solid alternative to the bank credit line - it’s the ASSET BASED NON BANK BUSINESS CREDIT LINE... aka the 'ABL' line.
How does the ABL work? In many ways it’s the ' low tech' solution to business credit. It takes your receivables, inventory, and equipment and packages them into one ongoing revolving business line of credit. Somewhat ironically, the borrowing level is actually more generous when it comes to margins on your receivables, inventory, and equipment.
Are there some other solid finance solutions we haven’t talked about? One is internally available! Your ability to maximize trade credit from vendors is a valuable source of cash flow. Another solid solution is Equipment Leasing for fixed asset needs.
There is one other ' subset' of the asset-based credit line - A/R Factoring. Paperwork around this type of facility allows you to cash flow your receivables at the same time you are generating sales. Our recommended specific solution in this area is Confidential A/R Financing .. allowing you to achieve all the benefits of factoring while billing, collecting and financing your receivables.
If you're looking for some ' high seas navigation' in Canadian business financing solutions speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your banking and financing needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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