YOUR COMPANY IS LOOKING FOR COMMERCIAL CASH FLOW FINANCING SOLUTIONS!
THE INVOICE FACTORING /FACTORING COMPANY SOLUTION TO FUNDING
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the most significant 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 Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
SME Commercial Finance (small to medium enterprise) Options can be found in new and old business financing solutions. A twist on one of those old options, invoice discounting, is located in CONFIDENTIAL FACTORING. One finance solution helps the business owner/ financial manager fix ‘flawed’ or non-existent financing. Let's dig in.
HISTORY OF A/R FINANCE
A/R financing via a factoring facility, on its own, has been around for awhile - hundreds of years to be exact! Does a finance solution that old still work? Absolutely, which is why tens of thousands of businesses just like yours access this ' cash flow acceleration ' technique.
IS THE TERMINOLOGY OF FACTORING CONFUSING TO THE BUSINESS OWNER
Unless you're working with an expert, you might find the industry itself does a relatively low job, hopefully unintentional, of educating and offering Canadian business with this working capital invoice finance ' fix.' Part of that is the terminology, which might include references to ' invoice discounting, ''asset-based lending,' ' receivable finance,' etc.
So while wading through those terms, the business owner/manager in the SME commercial area loses the key meaning of this financing solution. And here it is: Products and services you sell to your business clients generate sales revenue on invoicing.
HOW DOES CONFIDENTIAL NON NOTIFICATION RECEIVABLE FINANCING WORK?
Utilizing a solution such as (confidential) factoring allows you to receive 90% cash advance of your sale as soon as it is invoiced. The remaining 10%, less a finance charge, is banked by yourself as soon as your client pays, which typically these days is in the 30-60 day range. By the way, a tight credit and collection policy makes solutions such as confidential factoring even more appealing when considering this SME COMMERCIAL FINANCE option.
OLD SCHOOL FACTORING?
The whole aspect of ' CONFIDENTIAL ' factoring really revolves around an ' old school ' 'new school ' term we need to clear up. The majority, pretty well close to 99% of business factoring companies ‘notify ' a client, i.e. your customer! When they are financing your receivables. CONFIDENTIAL A/R FINANCE skips this process, allowing you to bill and collect your own outstanding invoices making up your unpaid accounts receivable. That whole ' verification' and ' notification' process can be a huge turn off for companies that see the real value of this method of Canadian business financing.
THE CUSTOMER OPTICS OF FINANCING YOUR BUSINESS
So whether it makes simple ' economic sense' not to involve your clients in your own financing, or whether the optics of wondering what clients and vendors might think about your access and need of capital, the bottom line is that utilizing this finance vehicle has given you full-blown cash flow financing and its nobody's business but yours.
And here's another dose of reality - you might find your competitors will now be wondering about where that newfound financing strength came from, as they see your company taking on larger orders and contracts.
CONCLUSION
If your firm is looking to finance sales at reasonable and competitive costs and you require cash flow to grow that might not be available from traditional bank sources, seek out and speak to a trusted, credible and experienced Canadian business financing advisor on the merits of CONFIDENTIAL FACTORING in the SME Commercial Finance solutions category. It the ultimate tool for financing your sales ledger via a third party for short-term day-to-day business funding needs.
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Stan Prokop
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