YOUR COMPANY IS LOOKING FOR A BUSINESS LOAN!
ACCESSING THE RIGHT CAPITAL FUNDING NEEDS IN FOR WAYS TO FUND YOUR BUSINESS CANADA
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 Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Capital funding in Canada, successfully, doesn't have to feel like ' Weird Science. ‘ Loan finance solutions, including loans, working capital and cash flow, often have the business owner-manager feeling like its a ' first and goal ' scenario. Let's examine one thing... doing it right when it comes to financing your business. Let's dig in.
THE DEBT AND EQUITY CHALLENGE
The ability to raise money is one of the key areas of starting, running and growing a business. How can the owner/manager, who is so focused on daily issues and long-term planning, get a real leg up in an area they might sometimes not feel 100% uncomfortable in. Debt versus equity financing pros and cons should always be reviewed in the context of your company situation.
THE GOOD NEWS IN ALTERNATIVE FINANCE SOLUTIONS
Suppose there's any good news in Canadian Business financing that numerous newer innovations in loan finance and asset monetization allow business owners to get ' unstuck ' in this area. They can be forgiven for feeling that cash flow solutions are the ' Bigfoot' of business - rumoured to exist but only experienced by a few when to comes to how to raise financial capital.
WHAT ARE BANK CRITERIA FOR COMMERCIAL LOANS
Canadian chartered banks are among the strongest / best run in the world. Yet thousands of business people spend a lot of time applying for ' bank loans' only to find they can't meet bank criteria for some or all of their capital needs.
Those criteria, by the way, are pretty basic :
Established business
Profitable
Clean balance sheet
Reasonable debt
Profits
Positive cash flow
ADDRESSING THE PERSONAL CREDIT AND GUARANTEE ISSUE
In the SME COMMERCIAL FINANCE area, the owner's personal credit is often critical in accessing capital, as the bank or commercial finance firm views that area as critical in repayment or collateral.
ASSET BASED LENDING SOLUTIONS TO THE RESCUE
We're not sure that business owners/managers always understand that any growth level will always bring cash flow challenges. Monetizing assets is a solid way to run/grow a business. Accounts receivable are the second most liquid asset on your balance sheet, and numerous A/R financing solutions exist to turn this asset into cash. While the cost is higher than bank credit lines, the ability to turn sales into same-day cash is persuasive.
Solutions such as Confidential Receivable Financing allow your business to bill and collect its own accounts - no notice to clients /suppliers is involved.
Other working capital solutions include:
P O / CONTRACT FINANCING
ASSET BASED LINES OF CREDIT
SR&ED TAX CREDIT FINANCING (if applicable)
INVENTORY FINANCE
SALES/ROYALTY FINANCING
SALE LEASEBACK
WORKING CAPITAL LOAN / PERMANENT
Retailers can access cash for company needs via Merchant Advances for cash flow as they typically carry no receivables. These short term working capital loans are paid back out of your predictable cash flows and specially tailored to your needs while being also popular as ' easily accessible.'
The benefit of cash flow capital funding solutions is that once established; they are predictable when growing your business and accessing working capital as you need it.
THE CANADA SMALL BUSINESS FINANCING PROGRAM
While new smaller businesses don't really qualify for ' debt financing,' the one solution in this area that is very feasible is the Government Guaranteed Small Business loan, allowing access for up to 350k of financing equipment leasehold improvements. For government SBL bank loans, a good credit score is required. It's a solid program for start-up financing sources and one of the best small business financing options.
CONCLUSION
Tired of thinking venture capitalists and angel investors are the source of your future funding - we are pretty sure you are! Their return on their investment requirement probably makes little sense for your business. While there are certainly some benefits from a company using equity financing, the reality is that Venture capital is for the very few in Canada.
If you're looking to eliminate that ' weird science' feeling in accessing loan finance solutions that make sense and are truly achievable, consider seeking and speaking to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your capital funding business needs. For the first time, ' first and goal' actually seems attainable!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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