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All commercial environments are unique, with bespoke requirements. It’s important to make the right decision regarding flooring for your setting, to ensure that it’s both practical and aesthetically fitting. It’s always a good idea to meet with commercial flooring experts and providers to get advice on which type of flooring is most suitable for your setting, so you can make an informed decision.Obviously commercial flooring needs to be hard-wearing and durable. Commercial areas will inevitably receive high foot traffic and potentially wheeled traffic too. Beyond this, requirements may vary depending on the type of environment. For example wet areas such as kitchens and bathrooms will require specific safety and maintenance qualities, as will retail areas which will need to be anti-slip but also in keeping with interior design. Below are some examples of some different types of commercial flooring.Commercial carpets and carpet tilesThese are ideal for office spaces and educational settings. Commercial carpet and carpet tiles are designed to be extremely hard-wearing. They are available in a multitude of colours, designs and price ranges and provide warmth and cushioning underfoot.Commercial kitchen flooringCommercial kitchen floors need to be tough, have excellent slip resistance, be easy to clean and able to withstand frequent heavy-duty cleaning. Vinyl or rubber safety flooring is ideal for such areas.Commercial vinyl flooringThis kind of flooring is ideal for areas of high footfall where ease of maintenance is important, for example public areas like hospitals and schools. With an array of designs available, this can also be excellent in retail environments too, with attractive looking wood, stone and tile flooring effects available.Commercial rubber flooringRubber flooring has many commercial applications. With anti-slip, shock absorbing and sound absorbing qualities, it’s ideal for gyms, swimming pools, schools, workshops, commercial kitchens and bathrooms. Again, there are all sorts of designs and specifications available.Commercial wood flooringA wide range of wood effect flooring is available for commercial environments, offering the safety, ease of maintenance and anti slip properties of vinyl and safety flooring, combined with the attractive look of wood flooring. This kind of commercial flooring is ideal for front of house areas like receptions and hallways, or in retail, café and leisure settings.So whatever your commercial setting, with so much to choose from there’s a perfect flooring option out there. Make sure you get the best advice on which one is right for you.

Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.

One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.

Business Loans In Canada

Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.

1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general

2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing

3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company

Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!

A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!

When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.

How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.

Three basics always emerge when it comes to your search for the right business capital and financing.

1. The amount of financing you need

2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders

3. How the financing is structured to be manageable with your day to day operations

What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business

Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:

A/R Financing / Factoring / Confidential Receivable Finance

Inventory finance / floor planning / retail inventory

Working Capital term loans

Unsecured cash flow loans

Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.

Royalty finance

Asset based non bank business lines of credit

Tax credit financing (SR&ED bridge loans)

Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.

Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.

If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.

Stan has had a successful career with some of the world’s largest and most successful corporations.

His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.