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Stan Prokop/
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Articles by Stan Prokop

Browse published articles attributed to Stan Prokop, with full-archive search.

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Showing 101–128

By Stan ProkopRecently published1 topic

Expert Cloud Financing Via Technology Leasing - Canadian IT Computing Fresh Perspectives

Wow. Cloud financing and IT Computing. Seems a little bit difficult to understand sometimes, right? However, the more we thought about it the more it made sense; and we think we actually were talking about these stuff years before others. That’s because one of the best analogies we've used for over 15 years perhaps revolves around the light bulb. Let’s explain. When you're looking to purchase electricity is your main conce owning the light bulb? We don’t think so, and talk about a depreciating asset!

Primary topic: Entrepreneurs

578 views

By Stan ProkopRecently published1 topic

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!)

Primary topic: Entrepreneurs

558 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

558 views

By Stan ProkopRecently published1 topic

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 '!

Primary topic: Entrepreneurs

546 views

By Stan ProkopRecently published1 topic

The Canada Government Business Loan – Easier Than You Think ! SBL Loans Explained

The Canada government business loan. Does it seem unattainable to you or your business? It shouldn’t be, and part of the process of getting approved for SBL loans is simply the fact that Canadian business owners need to understand how the basic process of business lending translates into Canada’s popular federal financing program. So how popular? Well using 2010 as an example over 7000 businesses took advantage of the program, which begs the question - ' why hasn’t my firm looked into the program!’

Primary topic: Entrepreneurs

539 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

538 views

By Stan ProkopRecently published1 topic

Put An End To Canadian Asset Finance Problems! Use Smart Lease Financing & Capital Leasing Strategies

Safe to say that Canadian business owners and financial managers have enough to worry about these days, so asset finance via lease financing for capital acquisition of equipment, hardware, software, etc shouldn’t be one of them! The benefits of lease finance have been pretty clear to Canadian businesses for many years. And when we say ' Canadian busines' that means in the case of capital leasing strategies every size of business in Canada, from start up to major corporation.

Primary topic: Entrepreneurs

537 views

By Stan ProkopRecently published1 topic

Business Equipment Leasing And Financing In Canada . When And With Whom To Lease

As always, it's a question of the right time and right place. We're discussing business equipment leasing in Canada. When should Canadian business owners and financial managers consider lease financing for asset acquisition and use. We've got some basic checklists on what works when, and, as importantly, with whom!

Primary topic: Entrepreneurs

532 views

By Stan ProkopRecently published1 topic

Dear Abby : What Do I Need To Know About An Asset Based Revolving Credit Facility And ABL Loan? Signed: Anxious

Dear Anxious - A great question and now for some hopefully great answers on the subject of an asset based revolving credit facility for your company. No doubt you have heard about the relatively newest form of business financing in Canada .What you may not understand is simply how an ' ABL ' loan is different from comparative offerings, such as the traditional chartered bank line of credit. While is has many similarities to its competitors in daily utilization, the benefit of the facility tend to be significantly more enhanced for firms such as yours.

Primary topic: Entrepreneurs

523 views

By Stan ProkopRecently published1 topic

Want To Offer Customer Financing Programs? 3 Things You Need To Consider A Vendor Equipment Program

We're all for an ' edge ' in Canadian business, that’s why we're quite sure that clients that offer customer financing programs via vendor leasing to their customers are probably doing better .. than you! Let's examine why, and how you too can get the sales edge via a vendor finance program. Oh and by the way, total cost = zero! That’s our kind of pricing!

Primary topic: Entrepreneurs

522 views

By Stan ProkopRecently published1 topic

Innovative Financing From Canadian Leasing Companies . Mastering The Lease Versus Buy Decision

At one point or another Canadian companies of all size realize that financing new or existing assets via leasing companies in Canada works far better than buying those assets; in effect they have mastered and understood the lease versus buy decision. It's never hurts for us to cover the basics with clients, so we constantly re-enforce the fact that equipment leases and loans allow you to stay ahead of the technology curve in your industry - in effect you have the ' latest and greatest ' with which to compete .

Primary topic: Entrepreneurs

520 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

518 views

By Stan ProkopRecently published1 topic

How To Avoid Business Operating Cash Flow Problems And Improve Financing Success

Many Canadian business owners and financial managers find out the hard way that business success is almost always also tied to having, and improving their operating cash flow. It's when sales and profits don't match cash and working capital that the problem begins. Bottom line, getting rich on paper only is not all that fun!

Primary topic: Entrepreneurs

497 views

By Stan ProkopRecently published1 topic

Caution - Danger Ahead ! IT Finance And Computer Leasing . Technology Financing Tips

It's probably just us, but we think there’s no aspect of equipment financing in Canada where one small piece of info could cost you, or make you thousands of dollars. Let's cover off some IT Financing (IT = Information technology) basics. All of a sudden that cautionary road sign up ahead wont be as much of a concern.

Primary topic: Entrepreneurs

491 views

By Stan ProkopRecently published1 topic

Downside Of Canadian ABL Asset Based Finance ? P.S. There Is No Downside! Business Financing And Lending That Works

So, which is it? We're big proponents of ABL asset based finance in Canada. So once in awhile a client pops the question. What's the question? It's ' Is there any downside to asset based financing for a Canadian firm?" Fair enough. ABL lending seems to have only good things attached to it in terms of the benefits. So about that downside... We often hear the term perception versus reality. In the mind of the perceiver the perception is of course reality.

Primary topic: Entrepreneurs

487 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

486 views

By Stan ProkopRecently published1 topic

Avoid Costly Mistakes In Financing Working Capital – Finance Solutions For A Canadian Business Cash Flow Loan

It's a mine field out there! And some of the decisions you make around financing working capital can be beneficial, or costly! depending on the business finance loan or arrangement you ultimately choose. And whats probably worse is making that type of decision without knowing all your options.

Primary topic: Entrepreneurs

480 views

By Stan ProkopRecently published1 topic

Danger Signs ( And Solutions!) For Canadian Working Capital Financing . Real World Cash Flow Solutions

Cash flow solutions are sort of best implemented when you know what the problem is. Makes sense, right ?We're discussing working capital financing and the danger signs your firm needs to look for to both prevent and of course solve some of those problems . The challenge in business financing many times is that both the challenges and the solutions to business financing aren't readily obvious. The good news to that story is of course that many finance challenges can be fixed with some very immediate solutions.

Primary topic: Entrepreneurs

474 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

471 views

By Stan ProkopRecently published1 topic

Don’t Fall For Wrong Info On Getting A Canadian Franchise Business Loan - Get The Bank Franchising Finance You Need

Misinformation. It's everywhere it seems. That’s why we think there's some room for some solid information around a franchise business loan in Canada, with, and without the franchising bank finance you are probably looking for. The whole issue of ' the bank ' is probably where a lot of the mystery, apprehension and misinformation lie when it comes to franchising finance in the Canadian marketplace.

Primary topic: Entrepreneurs

457 views

By Stan ProkopRecently published1 topic

Receivables Funding In Canada . The Good , The Bad And The Ugly ! Sales Of Receivables Factoring Works If …..

It's probably just us, but when it comes to business financing in Canada no other method of financing your business is as controversial or misunderstood as sales of receivables financing, aka factoring funding. Let's examine some key points that will clarify the ' Good, Bad and Ugly ' of receivable financing in Canada. Let's start off with the ' good ' as we think you will soon might find that the ' bad' and the ' ugly ' are simply misunderstandings , but we'll let you decide.

Primary topic: Entrepreneurs

455 views

By Stan ProkopRecently published1 topic

Canadian Accounts Receivable Finance ! Avoid The ‘ Fat Smoker ‘ Crisis Via Confidential Invoice Factoring

We're the first to admit we're always on the lookout for a solid business analogy. Enter the 'fat smoker' crisis as it relates to accounts receivable finance and confidential invoice factoring in Canada. A U.S. publication entitled 'Strategy & The Fat Smoker ' talks about how either in our personal or business lives we wait until we are in crisis mode before taking action. So why do business people, especially business owners or those in charge of finances wait until that critical time when it comes to addressing cash flow challenges.

Primary topic: Entrepreneurs

446 views

By Stan ProkopRecently published1 topic

The Business Case For ABL Asset Based Lending Canada . The Ultimate Credit Revolver For Business Financing?

The infamous ' business case '. We're told its a tool that ‘supports planning and decision making ...’ . Is there in fact such a case to be made for business owners considering ABL asset based lending in Canada via a credit revolver facility versus bank lines of business credit? We think so. Here is why.

Primary topic: Entrepreneurs

444 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

443 views

By Stan ProkopRecently published1 topic

Is Canadian Franchise Financing A Do It Yourself Project? Franchising In Canada With Success

There seems to be a lot of ' DYI ' out there today, that being the acronym for Do It Yourself of course. So we were thinking, is it possible that Canadian franchise financing for the purchase of your chose franchising endeavor in Canada is a ' DYI ' project? Let's talk about a lot you can do on your own, (as part of that ' dyi ‘) and we'll also focus in on some key areas where expert assistance is highly recommended!

Primary topic: Entrepreneurs

438 views

By Stan ProkopRecently published1 topic

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.

Primary topic: Entrepreneurs

437 views

By Stan ProkopRecently published1 topic

Canadian Commercial Business Bank Financing - What’s Right ( And Wrong ) With Your Banking Strategy

Canadian business owners and financial managers assess their commercial business banking and financing needs at different times in their company's life. As in many other facets of business it's a little difficult to develop a solution and fix a problem if you don't understand the fundamental problem. The need to grow your business and be profitable usually drives a bank financing need. A growing business consumes, and needs more cash, if only for the fact that you’re building up receivables and inventories.

Primary topic: Entrepreneurs

434 views

By Stan ProkopRecently published1 topic

Interested In Why Equipment Lease Rates And Low Leasing Payments Might Not Be Important ? !

You tell us, because we sure don't know. We're talking about equipment lease rates, and why clients are almost always under the distinct impression that the concept of a ' low payment ‘ or a ' great rate ' via leasing finance in Canada is their sole focus . We recently came across some great information on that very subject, so let's try and put that in perspective from the viewpoint of the Canadian lessee and in the context of lease finance in Canada. (It differs considerably from the U.S.! via types of leases, market players, etc.!)

Primary topic: Entrepreneurs

397 views

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