Small Business Loans In Canada : The Secret Language Of The SBL Loan

The Problem With Govt Loans Isn’t What You Think


OVERVIEW – Information on government loans in Canada . What is the real secret to achieving success with the SBL Small Business Loan?






Small business loans in Canada , via the Govt SBL loan might not be what you think. The problem with achieving financing success with the program is really about understanding the secret language of the small business loan. Let's dig in.

No loan financing in the SME sector (Small to Medium Enterprise) gets more attention than SBL small business loan. It provides real capital, in fact billions of dollars a year, to close to 8000 new and existing businesses in Canada in the Canadian marketplace.

Capital in the program is used to either start a business (including a franchise by the way), and to grow and expand a company. One aspect of the ' secret language ' of the program simply knows what the loan can be used for. It's only for equipment, leasehold improvements, and real estate. By the way that ' equipment ‘category covers technology such as computers, telecom equip and application software.

Although the total program size is dwarfed by big business in Canada it still is a key component of the Canadian business finance landscape.

Another aspect of the ' secret language ' of the SBL loan is the fact that business owners and entrepreneurs need to understand that it is a real, and viable alternative to business capital when they cant access it from the bank.

Looking for some irony

in your business life? Well here is some, while the Canadian chartered banks wont typically lend you funds to start a new business or franchise without personal collateral they are happy to do that when the Govt backs up your loan . By the way... we're not complaining... we're ' just sayin' ...!

How does the business owner/entrepreneur ' decode' the approval process of SBL language? It's not as hard as you think. You should be able to demonstrate your business experience, provide a business plan and cash flow that make sense (and show repayment ability), and be able to put a minimum of 10% down as your equity injection in the business.

Yes of course government loans in Canada are debt - they are in fact structured as term loans on your balance sheet - but its good debt when you're improving your business, acquiring assets, and generating profits. By the way, the actual rates and loan structures of the small business loan are simply very attractive, including the limited (and dreaded) personal guarantee.

Government loans are a great finance tool when you can build and grow your sales.

A lot of business failures simply revolve around not enough revenue via their marketing plan.









Consider Government loans in Canada, particularly the SBL small business loan as a way to get a new or existing business to the next level. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success in helping you achieve SBL loan approval/success.



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
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

7 Park Avenue Financial = Govt SBL Loan Expertise

Stan Prokop