Government Guaranteed Loans : Is A CSBF Your Potential Business Loan Lifesaver

We're Cutting All The Red Tape In The Gov't Guaranteed Business Loan

OVERVIEW – Information on government guaranteed loans in Canada . The ‘ CSBF ‘ business loan satisfies the capital needs of thousands of business people and entrepreneurs every year

The Government guaranteed business loan in Canada is quite often the financing that entrepreneurs in start ups and ' small business ' require to access capital for financial assistance. In many cases it's the ' lifesaver ' that the business owner is looking for. Welcome to CSBF (Canadian Small Business Financing) loans 101. Let's dig in.

Most business people in Canada, rightly or wrongly, associate anything to do with ' government' as mired in red tape/bureaucracy. That really isn’t the case with the Govt SBL (Small Business Loan) program. It certainly can be though if you're poorly armed with key critical info on the program itself, how to access it, and, most importantly, how to get approved!

By the way, do Not apply if you're a large business - and the program clearly defines that as any business with over 5 Million dollars in revenue. The actual size of the loan portfolio by the way is in fact ' large ', with billions being financed every year for thousands of applicants.

There's not mystery as to the popularity of the program, as top experts tell us everyday that it's ' Small ' business that generates employment and taxes in a big way

Why then do business people/entrepreneurs bother to investigate this type of loan? While many focus a lot of time and effort on raising equity capital from friends and family, angel investors, VC's, etc they are more often than not disappointed by their efforts in this area.

What is the appeal of the SBL loan? First of all its, longer repayment terms, as typical terms are 5-7 years. Secondly, approval is much easier as compared to traditional bank financing or other offerings from Commercial Finance companies that lend to the SME sector

It’s necessary to understand the type of loan you are applying for. For a starter, much a surprise to many is that there is no loan from the government. Industry Canada sponsors and administers the program and it simply guarantees the loans to Canadian chartered banks that provide these loans Banks therefore are more open to providing loans that in other cases they would not make!

Key to being successful is knowing what the program DOES NOT finance - and that’s working capital and inventory. It also does not refinance current debt. What it does fund is equipment, leasehold improvements and real estate.

If you're looking for a prompt answer , instead of ' maybe yes', or ' maybe no' when it comes to government backed loans in Canada seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help you cut red tape and make govt loans your lifesaver for capital.


Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN GOV’T GUARANTEED LOAN EXPERTISE









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Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '

Stan Prokop

Government Guaranteed Small Business Loans . What’s Better Than An Inside Scoop On The SBL Program

Trouble Connecting The Dots With The GOV’T SBL / BIL Loan?


OVERVIEW – Information on government guaranteed loans for small business in Canada . Accessing approval for this valuable finance program helps the business owner financing equipment and leaseholds assets via finance otherwise not available



Government guaranteed loans in Canada. What Canadian small business owner wouldn't want any ' inside scoop ' on anything to do with the government and business.

The reality is that the Canadian business owner and financial manager has no real direct involvement of any sort with the govt on this program that he or she still seems to have a lot of problem in .. Connecting the dots... for financing success. We're quite sure we've got clarity, so let’s dig in.

For a certain type of borrowing in the Canadian start up and SME sector in Canada there is no better option than what ' main street ' calls the 'SBL' loan program . While choosing the right bank / banker to move your loan through is a challenge its still a great vehicle to put equipment and leasehold assets that you need on the right footing - inside your business!

While the perception might be that it’s difficult to achieve this financing you'll be surprised to hear that you can navigate the program with relative simplicity - if you have the right documentation and know what constitutes approval criteria. That's our job we suppose!

Commercial banking in Canada many times (in spite of those TV commercials!) does not lend itself to start up or leasehold financing. That’s where the small business government guaranteed loan comes in - it works specifically only in those areas.

The quick recap is as follows - maximum loan size = $ 350,000.0O - items financed are only equipment, leaseholds, and real estate. We'll quickly add that not many real estate deals are done under the program, because in many ways it doesn’t make sense -at the same time we'll add that computers and application software are in that ' equipment ' category that we referenced. So a great way to acquire some technology.

We are often amazed about why there is confusion under the program because the reality is that the ' basic drill ' has not changed. We think it’s because the general commercial borrowing environment has changed a lot more than the program - i.e. tougher!

So how can the business owner improve the odds of getting approved? A good way to provide that answer is to advise why you will be declined. You may well be declined for the following reasons:

Poor personal credit history

No business plan or cash flow

Unable to produce a premises lease that matches the term of your loan request

Inability to match the permanent 10% down payment/equity required by the program

We advise clients that a proper loan proposal meeting the basic criteria has a very strong chance of approval - and with rates, terms, structures, limited personal guarantees etc all being excellent every business owner should at least consider the program.
As we said, no government involvement at all (they simply guarantee your loan to the bank) and connecting the loan application dots is a lot simpler than you thought! Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your SBL small business loan .




Stan Prokop - founder of 7 Park Avenue Financial

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details :


7 Park Avenue Financial = Canadian Government Guaranteed Loan Expertise

















Stan Prokop

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