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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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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

Canadian Business Banking Needs? The Edge On Bank Lines Of Credit ! Who’s Best In Canada ?

Does it all have to be that mysterious and frustrating? We're talking about achieving success in completing bank lines of credit for your business banking needs in Canada. And with the proper info and mindset, and some tips to follow we think you will have an excellent chance of securing the business financing you need. We'll also reveal who is the best banker in Canada, so stay tuned.

Primary topic: Entrepreneurs

516 views

By Stan ProkopRecently published1 topic

Save Thousands With This Info On Capital Equipment Leasing Companies In Canada . Lease Financing Tips!

The lay of the land. Kind of important in any aspect of business, wouldn't you say? There a tremendous amount going on in Canadian capital equipment leasing today, so let’s examine who these companies are, where they are, and most importantly, what you need to know about them!

Primary topic: Entrepreneurs

513 views

By Stan ProkopRecently published1 topic

Balancing the Cost of Canadian Receivable Financing With The Benefits . Making Sense Of Factor Rates And The Cost Of Factoring

It's not that hard of a business question... ‘Would you pay more for something if you thought the benefits far exceeded the cost?’ That's the ' balancing act' we refer to when we talk to clients about receivable financing, and the factor rates that are associated with that type of financing. Most business owners today have either heard about or perhaps even looked into factoring cost when they have investigated Canada's newest form of working capital and cash flow financing.

Primary topic: Entrepreneurs

503 views

By Stan ProkopRecently published1 topic

Cold Hard Facts On Franchise Financing Funding In Canada – Information On The Franchising Loan You Need

We've observed over the years that business owners and entrepreneurs never mind getting the ' cold hard facts’ in business, as long as they are in fact getting ' the facts'! So let’s share some franchise financing information on how the funding of a franchise loan really works in Canada. Purchasing a franchise in the Canadian marketplace can revolve around three different scenarios: a total new turnkey start, purchasing a business from an existing franchisee, or perhaps even adding another location or unit to the franchise you already own.

Primary topic: Entrepreneurs

498 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

Want Some Business Financing Privacy ? Canadian Confidential Receivables Financing Is An Alte ative To Commercial Finance Factoring Funding

We hear a lot these days about ' privacy’ and confidentiality in business these days. Well, here's a twist on that. How would you like to be the firm that has a confidential receivables financing facility in place when all your competitors and other firms are using traditional commercial finance factoring funding for their cash flow/working capital? Sounds interesting, right?

Primary topic: Entrepreneurs

489 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

Which Of The 3 Equipment Lease Rates Would You Choose ? Canadian Capital & Operating Lease Payments Explained!

OK. Quick test. Here we go. Let’s test your knowledge about equipment lease rates, payments... as they appear to be, and how those payments look in capital and operating leases in Canada. Let’s assume you have a $ 150,000 transaction - you are looking for a 4 year lease term, and you are being offered three lease payment choices. Those choices are: $3637.00rn$3108.00 rn$3373.00

Primary topic: Entrepreneurs

479 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

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.

Primary topic: Entrepreneurs

468 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

Don’t Tell Anyone But Here’s Six Points And Strategies For Dealing With Business Equipment Finance Companies For Leasing Success

Thousands of Canadian business owners and financial managers turn to equipment leasing in Canada for asset financing. We can safely say that this method of Canadian business finance can be a simple or as complex as you wanted to make it. Our goal is to ensure you consider don’t consider an equipment lease simply for the fact that you don’t understand both the mechanics and advantages. Not all benefits might accrue to your firm when considering a lease, but you sure want to be able to maximize the tangible and intangible benefits.

Primary topic: Entrepreneurs

442 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

By Stan ProkopSep 6, 20261 topic

Account Receivables Factoring: A Canadian Business Guide

When cash flow tightens, account receivables factoring often becomes the difference between meeting payroll and missing opportunities.

Primary topic: Financial Literacy

Financial Literacy

By Stan ProkopSep 13, 20261 topic

Leverage Working Capital Factoring to Fuel Your Business Expansion

When customers take 30, 60, or 90 days to pay, even a profitable company can face pressure meeting payroll and supplier obligations

Primary topic: Financial Literacy

Financial Literacy

By Stan ProkopSep 5, 20261 topic

Purchase Order Finance: How Canadian Businesses Fund Confirmed Orders

A large customer order should feel like a win—not a cash-flow emergency. Purchase order finance can help you pay suppliers before delivery, allowing confirmed orders to move forward when cash or bank credit is unavailable.

Primary topic: Financial Literacy

Financial Literacy

By Stan ProkopSep 5, 20261 topic

Working Capital Financing Canada: Fix the Cause, Not the Symptom

Working capital financing becomes urgent when profitable growth consumes cash faster than customers pay. Drawing on experience structuring bank lines, asset-based loans, receivables facilities, inventory financing, and short-term business loans, 7 Park Avenue Financial helps Canadian business owners close this gap

Primary topic: Business Accounting Software and QuickBooks

Business Accounting Software and QuickBooks

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