Canadian Business Finance solutions via SBL loans
Information on SBL government small business loan financing in Canada . Benefits and Overview of program requirements
The Government small business loan in Canada - AKA ' SBL FINANCING. What a great way to stop worrying about how you'll finance some of those key business needs when you're a start up or SME sector company in Canada .
Worrying about business financing surely ranks right up there when it comes to business owners and financial managers looking for the right type of finance for their firms.
The solution in fact might be right in front of you, via the Federal government (INDUSTRY CANADA) small business loan program. You're able to access financing up to 500k if you can demonstrate you qualify, have the right documentation, and know how to fast track an approval without some of the frustration experienced by many Canadian business owners and financial managers.
Is the SBL loan a good option for your business? We'll let you decide but we're pretty sure we think you'll find that when credit is tight and other forms of finance are unattainable you may have just found the perfect solution. It's simply a case of knowing the rules, and as we've said in the past, creating a short roadmap to business finance success.
So when does some of that ' worrying ' come in? It usually happens when you don’t have some key knowledge or professional assistance in the area of SBL financing. Having an advisor assist you can play an important role in your overall business financing success. It simply that role that assists you in ensuring you qualify and can access for the Government small business loan in Canada. And if you are working with the right advisor services will only have to be paid for on Success; talk about a win / win situation!
So how can you validate who is or is not an expert in SBL finance. You want to ensure you are working with a seasoned advisor who has raised funding for business and can demonstrate that track record. So validate their credentials, experience and save yourself a lot of time and definitely a bit of money. You actually are fully entitled to ask the advisor for references from the SBL lending community.
So what then is the value of such an advisor? First of all it's time saving, but secondly its more of a guarantee of success based on the advisors knowledge of what makes an application successful.
In our experience there is a lot of myth or misinformation around the program. Here's the truth around some of those myths and misinformed issues:
Everyone business person or company legally allowed to borrow money in Canada is theoretically eligible for the program. You do have to have reasonable net worth, credit status and experience in business.
All business sizes are not eligible for the program; in fact you have to have projected or real revenues under 5 Million dollars.
Real estate is in fact eligible for the program max, it 500k. Other assets such as equipment and leaseholds top out at 350,000.00$ max under the program.
So, a bottom line today? It's simply ' stop worrying' and spend some time to get the real ' skinny ' on SBL financing under the government small business loan in Canada . Speak to a trusted, credible and experienced Canadian business financing advisor on making the program work for you.
CANADIAN SBL LOAN FINANCE EXPERTISE
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_financing_government_small_business_loan.html
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