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Articles by Stan Prokop

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128 articles by Stan Prokop · showing 28

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By Stan ProkopRecently published1 topic

Someone’s Got Your Back On Cash Flow Solutions ! Canadian Working Capital Management

Cash flow solutions and working capital management in Canada. It's nice to know that you do in fact have solutions, help and assistance in Canada... in effect ' someones got your back ' .. helping you out. A lot is written about why business fail, or stop growing ; we often hear that ' lack of good or experienced management' is the major cause, but trust us poor , or poorly timed working capital management and financial solutions are a true close second!

Primary topic: Entrepreneurs

816 views

By Stan ProkopRecently published1 topic

A Tale Of Two Business Credit Facilities – ABL Asset Financing And Bank Revolving Secured Facility

Secured business credit via an ABL asset financing or a bank line of credit. It's absolutely a tale of two. We guess the book might be called ' A TALE OF TWO FACILITIES’! Let's examine some of the key differences and benefits and disadvantages of both an ABL asset line of credit and the better recognized bank secured business credit facility.

Primary topic: Entrepreneurs

1,121 views

By Stan ProkopRecently published1 topic

Canadian Franchising - Key Components Of A Successful Loan For A New Or Existing Franchise

Canadian franchising. Got your act together? The act we're referring to of course is your ability to successfully secure a franchise loan for a new or existing franchise in Canada. Let's focus in on some critical components of what to do and with whom!

Primary topic: Entrepreneurs

814 views

By Stan ProkopRecently published1 topic

Guilty As Charged ! It’s OK To Be Accused Of Exploiting Commercial Equipment Lease Companies In Canadian Business Financing

Guilty as charged? You should be. We’re recommending it! We're talking about exploiting commercial equipment lease companies in Canada for your financing needs. We're told that exploitation is ' utilization, especially for profit'. That’s what we think you should be doing when it comes to considering lease financing in the Canadian marketplace. Let's explain why and how. Naturally when we talk about ' exploiting ' we think it’s fair to say it has to be to a mutual advantage, i.e. the lessor and you the lessee should be in a win win scenario. It’s all about maximizing the benefits.

Primary topic: Entrepreneurs

819 views2/5 (1)

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

Cash Flow Financing For Working Capital Solutions. It’s Like A Knife Fight In A Phone Booth Out There!

Cash flow financing challenges and working capital solutions for Canadian business. Keeping your firm solvent / liquid can almost seem like a crisis sometime. We were talking to two of our favorite business marketing guru's the other day and one of them made the comment ' it's like a knife fight in a phone booth ..!’. Wow, we thought, could there be any more a propos comment than that when it comes to business competition and business survival

Primary topic: Entrepreneurs

835 views2/5 (1)

By Stan ProkopRecently published1 topic

Making Sound Choices With Your Leasing Finance Company? Canadian Operating And Capital Lease Solutions

The right leasing finance company. Sounds like a simple choice, right? But the reality is that when it comes to selecting the right capital and operating lease solutions for your firm can you really say you feel 100% prepared.

Primary topic: Entrepreneurs

618 views2/5 (1)

By Stan ProkopRecently published1 topic

Lost ! Your Canadian Franchise Opportunities. Issues You Can’t Not Consider Re: Your Franchising Finance Loan

Feeling like you may have missed out, or perhaps simply overwhelmed with the ability to a finance Canadian franchise opportunities. There are a lot of issues to consider when contemplating a franchising loan, some of which you may not have even considered or be aware of. Oh, and by the way, some of these pertain to those of you who are already franchisees and have even more unique issues to address.

Primary topic: Entrepreneurs

690 views2/5 (1)

By Stan ProkopRecently published1 topic

6 Reasons To Consider Business Equipment Financing . Asset Finance Power Tools For Your Company

Business equipment financing continues to be by far the most popular method of asset finance for the Canadian company wishing to make fixed asset acquisitions. Virtually every type of asset class can be financed, and the lease finance industry as a whole is not prejudiced when it comes to industry types - every industry utilizes this financing mechanism.

Primary topic: Entrepreneurs

739 views2/5 (1)

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

Take Charge Of Your Business Asset Finance Today Via A Revolving ABL Credit Facility

We meet a lot of business owners that say they don't necessarily feel ' in charge ' when it comes to business asset finance and their ability to secure a proper revolving line of credit. ABL credit, i.e. the asset based line of credit via a non bank facility is one way the Canadian business owner can take charge and regain control o their business financing needs . Asset based lenders exist in a wide variety of forms in Canada... today we're focusing on the true asset based lender that provides, outside the bank environment, business lines of credit .

Primary topic: Entrepreneurs

841 views1/5 (1)

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 views2/5 (1)

By Stan ProkopRecently published1 topic

Is Your Company Properly Exploiting Equipment Lease Financing In Canada ?

We previously wrote on some of the challenges that Canadian business owners and financial managers face in getting successful lease equipment financing in place for their assets and capital expenditures. The current difficult economic environment makes it more challenging than every for Canadian business owners to get the proper rate, terms, and structure that they deserve. Success lease equipment financing requires a working knowledge of what the lessor is looking for in a transaction.r

Primary topic: Entrepreneurs

709 views

By Stan ProkopRecently published1 topic

The 3 Commandments Of The FMV Fair Market Value Operating Lease - Myth VS. Reality In Canadian Finance Leases

The FMV fair market value operating lease. It's not a bad example of, in our case, the 3 commandments of what this type of leasing finance affords Canadian business owners and finance managers. More about those 3 three later. Leasing is hardly the ' cutting edge ' in Canadian business financing. It's been around almost... well... since the Dead Sea was sick! Business has always benefitted from this type of finance; pretty well every industry in Canada utilizes it.

Primary topic: Entrepreneurs

690 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

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

Restart Canadian Business Finance Success With An Asset Based Line OF Credit ! Turbo charge cash flow Via ABL Revolving Lines

The ‘times they are a changing; Bob Dylan we're thinking probably wasn’t considering an asset based line of credit finance solution when he wrote his famous song . Somehow though those words signify a ' restart ' and that’s what Canadian business owners get when they consider asset based finance via revolving credit facilities as a solution for cash flow and working capital needs .

Primary topic: Entrepreneurs

559 views3.5/5 (2)

By Stan ProkopRecently published1 topic

Business Leasing & Equipment Finance – Do You Know These 4 Secrets Of Lease Financing ?

Business leasing and equipment finance in Canada. Does your firm take advantage of these 4 secrets of lease financing in Canada, thereby maximizing the benefits of an already proven business finance tool used by 80% of North American ( that’s Canada too by the way !) business.

Primary topic: Entrepreneurs

832 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

Sales Generation At No Cost? Use Customer Financing Via Vendor Finance Leasing Programs For Revenue & Cash Flow Success

Would a Customer Financing Program for your clients increase your sales at virtually no cost to your own firm? You might me surprised that many of your competitors are beating you at the sales game only because they have mastered utilizing the tool of vendor finance via leasing programs. Let's examine how your firm can generate additional sales, and accelerate cash flow by using a time worn tool used by thousands of Canadian firms already.

Primary topic: Entrepreneurs

737 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

Creative Ways for Franchise Finance In Canada. From IT Franchises To Restaurant Franchising Here’s How !

Franchising Canada. Whether it’s an ' IT ' franchise in the world of technology, or a restaurant in the quick service / full service/ casual service industry everyone it seems wants to get on board. If they know they have the ability to finance the business...so let’s examine some creative ways in which to complete the financing of the entrepreneurial dream. It's no secret to the potential franchisee that it's all about cash - a combination of your own and borrowed funds. What are some of the methods that clients use to creatively, yet sensibly finance the franchise dream in Canada.

Primary topic: Entrepreneurs

810 views2/5 (1)

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

Receivables Purchase Finance In Canada . Don’t Get Caught Misunderstanding AR Financing strategies And Costs

Receivables purchasing financing in Canada. Thousands of businesses in Canada utilize AR financing when the economic climate and their particular situation does not allow them to ' extract ' the type of financing they need for their working capital and cash flow. Is it really positive to stay ahead of the proverbial ' cash flow shortage ' 8 ball? We think there is and at the same time your firm may now be in a position to take advantage of growth opportunities it could barely even consider, let alone realize on previously.

Primary topic: Entrepreneurs

881 views

By Stan ProkopRecently published1 topic

Who Else Wants A Franchise Financing Loan ? Franchisee Info On Canadian Franchising Loans

A franchise financing loan. It’s one of two things you need to successfully gain your entry intro entrepreneurship - the other is of course selecting the right franchise and being approved for it! Franchising finance in Canada requires a focused commitment by yourself as a franchisee. It is a combination of positioning yourself as ' finance worthy ' and at the same time ensuring you create the perception that you can successfully run and grow a business in the Canadian franchising environment.

Primary topic: Entrepreneurs

663 views

By Stan ProkopRecently published1 topic

Canadian Franchising Loans - 3 Issues in Buying A Franchise You Need To Address

Canadian franchising loans. Buying a franchise is one half the battle when it comes to selection, location and price and return on investment - the other half of that equation is of course getting the financing you need to complete a purchase successfully. We get a lot of questions around the issues involved in franchising finance in Canada - they all can be boiled down often into three key issues of conce s of the franchisee. Let's address those.

Primary topic: Entrepreneurs

722 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

Does Your Canadian Company Have A Serious Asset Finance Loan Or Leasing Strategy ? You Need One!

An Asset Finance Leasing and Loan Strategy ? Most Canadian business owners and financial managers realize they can either purchase fixed assets out of equity, or finance those same assets on a long term lease. Business owners need to focus heavily on the use of the asset. Any company that acquires assets has either a long term view of the asset or a short term view. Lease financing is an excellent method of financing long term assets.r

Primary topic: Entrepreneurs

744 views

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