Thursday, December 3, 2009

CANADIAN SECURED CREDIT FACILITY

I read with amazement yesterday in the Post and Globe that the Govt and BDC had completed the first deal, 300m, under the CSCF as referenced in our title post .

While I applaud the deal Imust say that this is the ultimate 'too little, too late ' - To have completed only one transaction , and that one being to finance the captive arm of a foreign farm and construction company is surely a slap in the face for the thousands of small and medium firms who are hanging in through the current Canadian credit crunch .

At 7 Park Avenue Financial we continue to work hard everyday focusing on financing solutions for the little guy ( we finance the big guy also ) but we sure could you some help from Ottawa and Queens Park.
Stan
http://www.7parkavenuefinancial.com

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