Why Consider SBL Loans In Canada . The Government Business Loan Program Might Be The Financing You Need

Assessing the BIL/CSBF Loan Program In Canada


OVERVIEW – Information on the government business loan in Canada. How SBL loans provide the financing your business just might need.



SBL Loans in Canada. It's the government guaranteed business loan program in Canada; so why should you or your firm be interested?

The Canadian government, via Industry Canada has provided this loan program for years in an effort to help businesses in the SME sector (in this case those with sales or projected sales under 5 Million $) get the financing they need through the loan guarantee.

Each year thousands , and we mean in the 8000 range , of companies receive access to Billions of dollars of funding for the purchase of assets, technology, software, and yes, even leasehold improvements - paint and drywall and HVAC included!

But does this loan make sense for your company, and, if it does, how do you access the program? Is there the proverbial ' red tape ' that most of us associate with ' I'm from the government and we're here to help'!

Nothing against our good friends in the government, but clients are surprised to know they have no, repeat ' no ' direct ' interaction with the government for this type of business loan.

That's because the gov't has designated Canadian chartered banks, and a few other miscellaneous institutions with providing this loan. It' somewhat ironic that even the governments quasi bank, the ' BDC ' is in fact no even able to provide these loans.

So the bottom line is that your transaction is directly done with a ' hopefully ' knowledgeable banker that understands your business needs, and the program. The gov't guarantees a large portion of the loan to the bank once your transaction is approved, and repays the bank in a worst case scenario.

But we're talking about getting the loan, not defaulting on it!

To recap, SBL loans can be used to expand or modernize any facility as long as your business is in that facility. This is not a real estate flip financing program, trust us on that one!

Additional assets under the program that can be financed include machinery, equipment, furniture, and leasehold improvements.

What cannot be financed under the program? Unfortunately many clients think it’s a cash loan, a working capital loan, or an inventory and receivables financing loan. It is none of the above.

So how does one qualify for the program? As we said, it’s a lot easier than you think, and if you are successful rates, terms and structures are excellent, including a limited personal guarantee.
Speak to a trusted, credible and experienced Canadian business financing advisor on how you can benefit from this solid financing alternative for either your start up business, or an existing one in which sales are under 5 Million dollars.

P.S. You'll be please to know that you can even purchase an existing business, or franchise, under the program!

7 PARK AVENUE FINANCIAL
CANADIAN SBL LOAN 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_loans_business_loan_government.html