SBL Loans In Canada. Degree In Rocket Science Not Required For The Canadian Small Business Loan

Canadian Small Business Loans

Information on SBL loans in Canada. Why is the Canadian small business loan so popular when it comes to business asset financing.



The Canadian Small Business Loan... it's not secret that over 90% of all businessess in Canada are in the SME sector.

Financing via SBL loans in Canada provides a solution for the small to medium sector in Canada. We always point out that to qualify your business, start up or otherwise must have less than 5 million dollars in revenue or sales projections respectively.

Does the SME sector have alternate solutions in place to finance its survival and growth? Of course it does, as they are numerous non regulated, non bank commercial finance entities that provide abundant sources of financing. They include, along with the chartered banks, receivable financing, working capital financing, asset based credit lines, equipment financing, etc.

But post 2008-2009 the commercial lending landscape changed dramatically in Canada... a lot of capital and solutions disappeared. Yes, it's coming back, but the reality is that that SBL loans in Canada were there through all this, and are still here now!

Is negotiating an SBL loan an art, or a science. And do you need the proverbial degree in rocket science to be successful? We don't think so, and if we had to weigh in we think we would argue it’s a bit more of an art than science, but we'll let the Canadian business owner of financial manager make the call on that one.

We do lean towards the successful financing of an SBL loan being a bit more of an art, as we said, and it’s important for the applicant to have a realistic expectation of what’s required and what’s involved.

If you follow some very basic steps around the Canadian small business loan your chances of financing successful greatly improve.

If you have basic perseverence, and arm yourself with the basics of the program you absolutely are in line for financing success, without that degree in rocket science.

So what are those basics? First of all you have to have a basic knowledge around the program offering itself, what it finances, what it doesnt, what the loan limits are, etc.

Understanding who guarantees your government loan and who provides of facilitates is paramount.
Once you understand that the government, via INDUSTRY CANADA is the guarantor of the loan, and that Canadian charted banks are the facilitator you're already goal line.

The winning proposal or application. Here's where you increase your chances of approval ten fold, simply because you prove you can satisfy all the basic requirements of the program. They include info you yourself, your business, a business plan or exec summary, and a detailed cash flow plan showing, guess what..??? how you will repay the loan.

Along the way you might have to refine your application and address certain potential deficiencies for final approval.

So, rocket science? Hardly! Speak to a trusted, credible and experienced Canadian business financing advisor on successful financing via SBL loans in Canada.




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 7 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 :

http://www.7parkavenuefinancial.com/sbl_loans_canadian_small_business_loan.html