Stan Prokop
Free
Canadian Business Financing Expert
Stan Prokop Quick Facts
- Main Areas
- Canadian business Financing
- Career Focus
- Business Finance in Canada
- Affiliation
- Oakville Chamber Of Commerce
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 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
Article
ABL Asset Based lending Is The Quiet Revolution In A Business Line Of Credit Facility
And that's when it hits you. We're talking about a Canadian business financing ' epiphany' - that being the term used for a ' sudden, intuitive perception or insight '. And what exactly is that ' insight'. It's simply that an ABL facility, which is the asset based lending term for business line of credit is different, and in many ways a lot better than traditional term loans or Canadian chartered bank facilities. So, that’s a fairly dramatic statement, so let’s set out to provide some facts and valuable information on these business revolving credit facilities.
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Lot’s To Gain & Nothing To Lose . 4 Tips On Best Leasing Companies For Asset Business Financing
Since when is some good information that helps you save money and get a good deal in business not a good thing? That's our feeling, so when you are looking for leasing equipment companies in Canada for the financing of business assets here's 4 tips on just that! Many Canadian business owners and financial managers often consider equipment financing a relatively simple process. It is, if you know who to deal with, what to ask, and what some of the pitfalls might be.
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Looking To Fund Your Business ? 5 Tips On Start Up & Small Business Finance Companies And Banking In Canada
It sometimes seems that when you're bigger things always seem a bit easier - not always but most of the time. That’s why when you are looking to fund your business and you're a small to medium sized business owner or financial manager knowing which firms and finance companies are appropriate to deal with seems like a challenge. And business banking from a borrowing perspective seems like a huge challenge.
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No Brainer Financing - Equipment Funding and Leasing Services In Canada
The business ' no - brainer '. A sometimes overused term that means of course an easy solution that’s ' obvious'. That’s more or less how we feel about equipment funding and leasing services in Canada. Let's explain why.
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Nightmare On Receivable Financing Street ? Understanding How Canadian Business Factors Price A/R Factoring In Canada
Sounds like a great name for a movie right? Well, maybe not, but Canadian business owners and financial managers seem to have one large struggle with the cost of receivable financing from Canadian business factors. But when you understand how the cost of this finance vehicle works then factoring, aka ' receivable finance ' suddenly becomes a lot more clear, and desirable. Let’s explain. In A/R finance it's all about making the use of your second most liquid asset, your receivables portfolio. (Cash is of course a bit more liquid!)
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Are You Mastering Technology Financing ? Canadian Computer Leasing Must Know Info For PC Hardware And Other Tech Assets
Looking for a huge amount of risk, financial risk, and extra cost for your Canadian business? We aren’t’ and you shouldn't be either! Haven’t you got enough risk in your business life to have to also consider the downside of making the wrong decisions in areas of technology financing? Surely it’s a fact that computer leasing of pc hardware, servers, and software provide both the greatest benefits to your firm, as well as the greatest risk if you structure things improperly.
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Options And Sources Of Canadian Business Financing - Raising Business Finance
Let's be honest. What business owner or new entrepreneur doesn't want options and sources of business financing for Canadian companies or new ventures. Raising finance for any firm is a challenge - the larger corporations seem to have it down pat, but what about the small and medium sized business owner. Let's examine some options on how you can get capital for your business, and at the same time review some of the benefits, and risk, around some of these options.
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How Competitors Beat You At Vendor Finance and A Customer Financing Plan For Your ( Lost ) Clients
Here's the problem. You don't have one, your competitors do. We're talking about a customer financing plan for your products and related services. And can we all agree that a competitive disadvantage is not a good thing, which is why Canadian business owners and financial managers might well want to consider a vendor finance program for clients/ So how exactly does Canadian business benefit from the ability to offer customer finance solutions for clients. If we had to sum it all up into one thing we guess it well might be: ‘Increasing the sale of your products '!
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Understanding Receivable Financing Pricing And Rates Is Not Impossible! Invoice Discounting 101 - Now It’s Clear !
' Misunderstanding all you see ' ; those are lyrics from the Beatles ' Strawberry Fields ' , and talk about being a bit appropriate for the confusion around receivable financing and invoice discounting rates in Canada . So, talk about confusing... lets try and clear up some real basics around receivable finance in Canada -mostly along the lines of how it works and how it is priced. Clients are always providing their version of what they think they are getting but the reality is often far from that.
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Getting The Most Out Of Canadian Lease Pricing and Best Lease Rates? Here’s How Capital Equipment Finance Works
How can we get the most out of lease pricing, including by the way getting best lease rates in Canada what we access capital equipment finance via an equipment finance strategy? That’s a typical client question and we'll explore some answers, tips, and strategies in that area. If there is a threat or disadvantage to equipment financing in Canada it’s a pretty simply one - being unaware of what areas can impact the advantages of a lease, for example a simple ' end of term ' option.
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Business Lines Of Credit Make The World And Your Company Go Round! Canadian Working Capital And Secured Facility Information .
Did you hear the one about the Canadian firm that went out of business because they were too profitable and growth was great? That's an ironic statement to many business people, but the reality is that profits don’t equal cash flow and business lines of credit via a secured facility is the capital you need to survive all that success . It's actually pretty simply when you think of it but because your firm has made that investment in accounts receivable, inventories, and other working capital assets you need operating loans to make your business work - on a day to day basis.
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Say Yes To Canadian Working Capital Solutions - Say No To Financing Cash Flow Obstacles !
Today the goal is fairly simple. We'll identify some of the obstacles encountered by Canadian business when it comes to financing cash flow, and, as importantly we'll demonstrate some traditional as well as new forms of working capital solutions for the Canadian business owner and financial manager. One of the reasons we like talking to clients on this subject is simply for the fact that certain terms in financing, i.e. ' working capital' and 'cash flow' are often overworked and not properly understood.
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Contacting Stan Prokop
Stan Prokop
President
7 Park Avenue Financial
Direct Line = 416 319 5769
Office - 905 829 2653
Email - sprokop@7parkavenuefinancial.com