Adam W. Silver, Leader of Farber's Performance Improvement practice, and Barbara Cowper, Senior Financial Analyst in Farber's Small Transaction Financing group, are speaking at MentorWorks' webinar "Manufacturing Productivity: How to Identify and Fund Continuous Improvements."
The webinar will focus on how incorporated Canadian manufacturers can use government funding programs, and both traditional and non-traditional financing options, in a strategic manner to help accelerate projects and improve their return on investment (ROI). The speakers will discuss financing solutions for equipment adoption, process improvements, and working capital investments; as well as integrating innovation within a manufacturing business's development and adoption of products, processes, and technologies.Read More
Jonathan Cooperman comments in CBC Investigates | Stop being a 'safe haven': How Canada could do a better job keeping 'dirty money' out of the country. In a scheme that saw $2 million dollars of illegal funds sent to a network of individuals and companies, Cooperman maintains that better controls must be put into place to ensure corporate accountability.
Cooperman points out that Canada’s stable economy and hot housing market make real estate an intriguing and ideal place for criminals to park their corrupt money; and since Canada doesn’t have the same reputation as other safe havens, it's making it easier for criminals to use Canada as a conduit for their activities.
The Toronto-based forensic accountant goes on to explain, “Law enforcement would be a lot happier if we were able to find out who the true beneficial owner is … and get true answers on who's behind the flow of money.” In other words, Canada’s murky corporate registry system needs to be reassessed so that the real owners of these anonymous corporations can be revealed and held accountable.
Jonathan Cooperman comments in CBC Investigates on money traced back to largest tax fraud in Russian history. The investigation tracked down individuals along with multiple companies that were stolen from Bill Browder that saw $227M in fraudulent tax refunds moved out of Russia.
Canada’s lack of transparency vis-à-vis corporate ownership shares part of the blame after a CBC investigation reveals that $2 million dollars of illegal funds were funneled directly into Canada by a Russian crime syndicate.
Cooperman, a Certified Forensic Investigator, is among a handful of Canadian experts offering his services for free to open an investigation. Cooperman points out that moving funds through Canada doesn't raise red flags like other jurisdictions and argues that greater scrutiny and accountability is required by corporations moving forward.
You’ve worked hard to build your business to the point where it needs more money to meet customer demand. You now need financing to support the need for more inventory, for hiring new employees and for the purchase of much-needed equipment to support the growth.
The natural next step would be to approach your bank and request a loan. However, this is not necessarily the case. It is important to first understand the loan approval process and the factors a bank considers before making this move. How does a bank justify and quantify a loan request to approve or decline the deal? And if the loan request is outside a bank's normal criteria, should a non-bank lender be considered?
Many of the scoring models used to determine loan approval are based on traditional criteria known in the banking industry as the ‘5 Cs of Credit' (5 Cs). These are used during the loan interview and are summarized below (I will explain risk factors and
interest rates in a future article).
Barry Pokroy is speaking at a luncheon for the Canadian Society of Association Executives on April 20, 2017.
Barry's keynote focuses on creating enhanced client/member engagement and increased employee centricity. This is done through the use of a psychological model of connection, which highlights the way in which our relational dynamics can shift to create a more positive impact. Audience members are equipped with the skills and insights to listen, connect and respond differently. A shift in mindset occurs from transactional management (task/process) to relationship management (people).Read More
$1.1M in Recent Small Transaction Financings
Farber's Small Transaction Financing group, led by Adrian Isaacs, recently completed three more deals:
Farber’s Small Transaction Financing group specializes in arranging loans from $100K to $3M and leases from $5K and up. We arrange financing for businesses that are either experiencing growth, a bump in the road, or are in distress.Read More
Farber’s fast growing Interim Management & Executive Search practice expands to Vancouver to service clients in British Columbia and Alberta and appoints two new Senior Search Consultants, Sandy Dennis and Dilesh Soni.
“Expanding our national presence provides on-the-ground resourcing and recruitment delivery capabilities to the British Columbia (BC) and Alberta markets, which strategically aligns with our clients' needs,” said Charlene Bergman, Leader of Farber’s Interim Management & Executive Search practice. “We have experienced an increase in mandates for the region from both existing and new clients and as a result of referrals.”Read More
Eric Friedberg and Thomas Grieger from the Small Transaction Financing practice will be speaking at Enterprise Toronto's Small Business Money Forum, a session focused on helping small and medium-sized businesses get connected to financial resources to help them grow and succeed.Their discussion will be on the significance of the relationship between profitability and cash flow as well as an overview on traditional and non-traditional financing options.
The forum takes place on March 7th at Toronto City Hall, 100 Queen St. West.Read More
The use of Interim Managers or Executives (“Interims”) is growing rapidly as organizations grapple with an unprecedented rate and pace of change. Selecting the right Interim is critical to an organization’s success in navigating uncharted waters. It's also an area where generational stereotypes can impact negatively on key hiring decisions.
In the business world, Warren Buffet once quipped, the rearview mirror is always clearer than the windshield. This neat maxim not only recognizes the value of hindsight, it also evokes the relevance of experience to business success. Which is to say: the more time you spend at the wheel, the better equipped you become at utilizing both windshield and rearview mirrors to move forward.