Business Financing & Commercial Loans Canada : Is Growth Finance Your Rise Or Fall?
Business financing in Canada just may have been on our friend Ben Franklin’s mind we have wondered. He said ‘Drive thy business or it will drive thee ‘. So when it comes to growth finance or commercial loans that make sense for your particular company needs do you as owner/ mgr/entrepreneur feel like you’re in fact ‘ driving the bus’? Let’s dig in.
Business veterans know that in the economy, or even in certain industries there are times of boom and bust. The conundrum is often quite clear — we keep hearing about all that excess capital around, waiting to be accessed, if only we knew how to break through those hurdles of access!
Naturally every owner/mgr wants to achieve the best terms possible when it comes to a commercial loan or asset monetization facility. The actual list of funding alternatives might in fact be longer than you think. One of the reasons for that is the emergence of numerous financial alternatives to traditional bank financing that in previous times it was pretty well the only ‘ go to ‘. A somewhat succinct list of key finance alternatives for your company might be as follows.
A/R Financing/factoring/Confidential Receivable Finance
Inventory Loans
Non Bank Asset Based Revolving Lines Of Credit
Tax Credit Financing
Equipment Financing/Sale Leasebacks
PO Financing/ Contract Finance
Unsecured Cash Flow Loans/ Mezzanine Finance
Royalty Finance
Do any of these solutions sound like they can solve your firm’s financial challenges in the commercial loan area? If there’s one secret to business financing access it’s the fact that the boy scouts seem to have gotten it right. BE PREPARED!
Entrepreneurs /mgrs that we often meet are simply not aware of bank lending criteria — they just don’t get why commercial bank solutions are not available for their needs. (By the way — the banks criteria isn’t all that difficult to comprehend — it includes years in business, strong cash flows, a clean balance sheet, profits, and outside collateral)
Your goal might be to simply fund daily operating needs, or in some cases fuel new growth potential. In other cases the road to ‘ organic growth’ might be complemented by an acquisition of a competitor.
While new ‘ equity ‘ capital is in fact a real option Canadian businesses requiring SME COMMERCIAL FINANCE needs must realize that the road to ‘ going public’ is paved with many broken dreams — as only the smallest portion of firms are eligible for the type of criteria mandated by those VC folks.
If you’re looking to ensure that external financing can contribute to the rise of your business, (not the fall!) seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your growth finance needs.
Stan Prokop — founder of 7 Park Avenue Financial –
http://www.7parkavenuefinancial.com
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years — Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com