Just what if your firm had a significant inventory component and you had access to cash flow and working capital against that inventory investment in working capital that your firm has made.A proper inventory financing facility in Canada is one in which you can draw down on a satisfactory level of your inventory value and repaid it as you replenish capital via account receivable and cash collections. Your success in achieving a proper inventory financing component in your overall business financing in effect optimizes your working capital to the extent you need to.How would your overall financial position change with that additional working capital and cash flow? You would then have the ability to take on additional contracts and purchase orders, your supplier relationships would most probably improve, and faster asset turnover of assets and receivable generates faster profits and return on assets. Those are good things.The main advantage of an inventory financing or A/R financing component is your ability to accelerate cash flow. Let’s be honest, if you were self financing (i.e. no borrowing facilities) and had to wait for inventory to be sold and receivables collected then you are significantly slowing your growth ability.In the context of the inventory financing we are discussing this financing is not a loan per se – that’s important to understand. It becomes a part of your revolving facility and is simply collateralized by receivables and inventory.Your inventory financing arrangement is reflected in a type of document generally known as borrowing base certificate. We also advise our clients that it is highly preferable to have a strong handle on your inventory reporting, and also you should preferably be using some sort of a perpetual inventory accounting system.Inventory is a very generic term, we hate to do it but we complicate things further by discussing with clients the fact that inventory can consist of raw materials, work in process, and of course final finished goods inventory. As a result the valuation of what is financed varies by industry and inventory type. Slow moving or highly specialized product is much more difficult, but not impossible, to finance.Could you be more competitive and profitable if you have inventory financing at 40-50% of your gross inventory value – we are pretty sure you could be!On larger transactions you should fully expect some sort of initial appraisal and valuation on your inventory.In Canada inventory finance is highly specialized, we can almost call it a niche financing. Speak to a trusted, credible, and experienced business financing advisor to determine if this financing works for you. Through that process you should be able to develop a clear understand of the differences between bank financing, asset based lending, which incorporates inventory finance, and purchase order financing if that is applicable to your business model.At this point you are now in a position to ensure that inventory financing advances are a great way to acquire mfr and carry inventory for orders and contracts you receive

Balboa Park is the largest cultural park facility in San Diego. It is made up of 15 museums, performing arts facilities, garden areas and the San Diego Zoo. You can always find some form of entertainment going on here whether it is a play, musical, concert or museum exhibits.The admission price will vary depending on where you go inside the establishments. There are also memberships available for purchase from the various museums and performing arts venues. There is no charge though to just get onto the park’s grounds. There is free access to the Botanical Building, outside gardens and a few other venues. Balboa Park offers passports to visit 13 of the 15 museums, which are good for a week.Inside the National Historic Landmark House Of Hospitality you can find the visitors center. There you can find more detailed information of the venues available inside the park. They also mention that more than 500,000 visitors come through each year.One of the museums inside, the San Diego Natural History Museum, was created in 1874. This museum is known for its research and is the oldest facility located in Southern California. The Marston House museum is part of the National Register of Historic Places. This museum is surrounded by acres of gardens.Then there is the San Diego Museum of Art which was created in the year 1926. This museum has an assortment of European art, 19-20th century American art, Asian art and Latin American art.Within Balboa Park, each facility operates their own unique tours however, at the Visitors Center, you can opt for a 60-minute audio tour of the overall facilities. There is an audio made for both children and adults containing information on the architecture, the history of the Park, and other information of interest.Balboa has both indoor and outdoor activities for the children. There are museums located inside that have something of interest for the kids. They include: The History Museum, Hall of Champions, Air & Space Museum, Automotive Museum, the Model Railroad Museum and we can’t forget the San Diego Zoo.In the year 2000, San Diego’s millennium celebration was held at Balboa Park. Then in 2001, the Natural History Museum reopened after a massive rebuilding and expansion of 90,000 square feet. In 2003, Balboa Park received the honor of one of the best parks in the world and in 2004, the Inez Grant Memorial Rose Garden was honored as one of the top 12 rose gardens in the world. The new Veterans Memorial Garden opened in November of 2005, taking up an entire acre of the park.As you can see, when visiting San Diego, Balboa Park is a must see place for a great cultural and entertaining experience.