WELCOME !

Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.

Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.



Showing posts with label government. Show all posts
Showing posts with label government. Show all posts

Tuesday, April 26, 2016

How To Stop Worrying & Love Independent Movie & TV Production – Spoiler Alert It’s The Film & Television Tax Credits Via Govt Refund !













Film Tax Credits Aren’t Romantic
But They Will Help Finance & Finish Your Independent Film & TV Productions!





OVERVIEW - Information on film and television tax credits in Canada. Financing your Cavco tax credit and production incentive credits via the government refund program helps to cash flow your project - today




Film and Television tax credits in Canada
, via government refund of your refundable tax credit hardly sounds ' romantic' or ' exciting' when it comes to this huge part of the entertainment industry in the Canadian market . As one recent market observer remarked, these credits helps pay for the tinsel in tinsel town, aka Hollywood north... aka ' Canada '!

How key a role do these production incentives/ Cavco credits play in the financing of movies and TV and animation projects in Canada? Quite a huge role, as you'll see. Let's dig n.

Almost all Canadian provinces offer tax incentives, via refundable tax credits to owners/producers of independent projects. Canada has naturally evolved as a great place to film and produce movies and television. In certain cases even the geography, i.e. where you film in fact garners a larger credit refund.

Independent producers/ owners of projects face a daunting task - however basic. That task? How to pay for the entire project. While large well known studios can fund entire projects the independent must fund via a variety of mechanisms, often which are ' cobbled' together to finance a project.

Those other parts of the financing puzzle? They include but are not limited to:

Pre sales
Territory / Geographical rights
Distribution agreements
Gap Financing/letters of credit/short term loans
Crowd funding/hedge funds

These financing vehicles, along with film and TV tax credits allow producers to have all, or more creative control in their projects given they have no backing from major studios.

The most interesting fact about the tax credit financing part of a film/TV or animation project is that the lender that finances the tax credit is not dependent on the commercial success of the project. And given that these production incentive credits can finance anywhere from 30-50% of an entire project it's easy to see the importance.

Refundable tax credits in Canada are all about Canadian content. Producers, along with their tax credit accountant pick one of two main credit categories, the Production Credit or the Services Credit. These credits cover labor and service costs associated with the project.

Financing your tax credit, once you’ve applied for and received your credit is a very straightforward process. These are in effect bridge loans with your tax credit being the main collateral . Typical loans are 70% of the combined federal and provincial credits. No payments are made for the duration of the loan and when final government funding occurs you receive the balance of the credit, i.e. the other 30%, less financing costs on the 70% that was financed. A great cash flow strategy for the current project, or your next one.

If you want to limit the worrying that comes with financing independent film and TV projects in Canada seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can help you finance those govt refunds.




7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8


Direct Line = 416 319 5769

Office
= 905 829 2653


Email
= sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '




ABOUT THE AUTHOR

Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.









Friday, August 8, 2014

Canada Small Business Financing Loans : Smart Strategies For Accessing The Government SBL Loan















SBL Gov’t ‘Small Business Loans ‘ Are Your Bridge To Somewhere


OVERVIEW – Information on government of Canada small business financing loans . This financing is very appropriate for start ups, franchising, buying a business , or for firms in the SME sector requiring equipment and leasehold capital






Canada Small Business Financing loans are government guaranteed loans that assist any Canadian business (including start ups and franchises) to acquire financing for equipment and leaseholds. For many owners/managers these loans, commonly called an ' SBL ' are a ' bridge ' to starting and or growing a company. Let's dig in.

If there is one negative aspect to accessing SBL capital it's the perception that many applicants have that the process is long and complicated. In fact that is not necessarily the case, but it certainly is if you are unprepared and don't know who to talk to and work with.

Personal guarantees are part of any business financing in the SME sector. However the Govt small business loan requires only a 25% personal guarantee, which is much more attractive to most entrepreneurs. The caveat here is that the guarantee you do provide on the loan must be backed up with a reasonable personal credit score and some personal equity commensurate with the amount you are borrowing. Here things like ' home ownership 'help out a lot.

The good news about the actual rates, structure, terms, and length (amortization) of the loan is that they are set by the government and are cast in stone, so to speak. So Canadian banks that offer the loan don't have any flexibility in raising rates or changing credit enhancements. That being said though it's our own experience that different banks have different attitudes toward the program, and it’s critical to find a banker that’s ' on side ' with this method of financing. (Sorry, we can't provide names to protect the innocent - but call us!)

As we have inferred Canadian chartered banks run/administer the program for Industry Canada. So contrary to the belief of some, there is never any direct involvement with the government - they are simply sponsors and guarantors of the program. Each year in Canada approx 8000 businesses apply and are approved under the program - which lends anywhere up to $500,000.00 for each loan.

While many businesses in the SME (small to medium enterprise) sector mistakenly focus on accessing capital from personal resources, friends and family, angels/VC's etc they more often than not find that there are significant negative aspects to those sources of capital. Canada small business financing government loans are often a more realistic fast track to capital.

When SBL loans arent feasible don’t forget that numerous other traditional and alternative financing vehicles are available to you - They include:

A/R financing

Inventory finance

Working capital term loans

Non bank asset based business lines of credit

SR&ED Tax credit financing

Equipment Leasing/ Sale Leasebacks/Bridge Loans

For ' smart ' strategies to the ' bridge to somewhere' as it relates to growing or starting a business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with accessing the right capital at the right time.





Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :



7 PARK AVENUE FINANCIAL = CANADIAN CANADA SMALL BUSINESS LOAN FINANCING EXPERTISE





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing With The Intelligent Use Of Experience '
























Monday, July 7, 2014

A Canada Small Business Financing Loan ? Warning : Government Loans Work



















There’s No Cover Up On Government Business Loans In Canada



OVERVIEW – Information on the Canada small business financing loan program. Government loans provide capital for start up, acquisition and expansion needs . Here is how









The Canada small business financing loan must sometimes feel like some sort of ' cover up ' when it comes to business owners /managers understanding what this financing is , how it works , and understanding how to maximize the benefits of the program. Does it have to be that way? We don't think so, so let's dig in.

Let's take a look also at some of the reasons Canadian business considers the ' SBL ' government loan. For the majority of businesses in Canada it's pretty well a focus on growing and expanding the company. That often is a challenge when over all economic growth is sometimes slow.

Financing via government business loans can be used when the desire is to add new products and or services to your current mix. These often could require new equipment or leasehold improvements.

In other cases new asses might be able to propel your business into much larger growth than it is currently attaining - that might be via new sales geographies or new vertical product or service niches.

If your business is retail oriented bank financing can often be difficult to obtain - part of the reason there is simply that banks view your company as an ' all cash ' business... so the question they ask is ' why would a cash business need credit ?".

Small business loans (they are not that small - a typical loan amt is $350,000.00 can also be used to acquire new technologies such as computers, application software, etc.

Finally, did you know that the Canada small business financing loan can be used to start a business, acquire a business, or merge with another business. Many business owners/managers view acquiring a business as a faster way to grow and expand.
CAVEAT EMPTOR? Do your due diligence on any purchase, including financial condition, growth potential, valuation, etc!

The SBL loan is sponsored by INDUSTRY CANADA, part of the Canadian federal government. It's their way of ' sponsoring ' loans (they guarantee a large part of the loan to the bank) in order to accelerate growth in the SME sector.

Rates , fees and structures under the program are excellent - Rates are at 3% over prime, which currently is some of the lowest business financing and borrowing rates in Canadian history . Structures are typically anywhere from 2-7 years, and there is even no penalty to repay the loan which is often NOT the case in other forms of business financing in Canada.

Fees associated with the program are in our opinion quite nominal, especially when the business owner considers finally being able to access the capital they need.

Industry Canada, aka ' the government ' does not directly provide the loans, they have chartered our banks to do that, so it’s critical to locate a banker that is familiar with and understands the program.

If you're looking to have government loans ' work ' for your business or opportunity seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your financing needs. And trust us, there's no cover up - government loans, properly done, work.





Stan Prokop
- 7 Park Avenue Financial :
http://www.7parkavenuefinancial.com
Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :



7 PARK AVENUE FINANCIAL = CANADIAN SMALL BUSINESS LOAN FINANCING EXPERTISE









Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line
= 416 319 5769

Office
= 905 829 2653



Email = sprokop@7parkavenuefinancial.com











' Canadian Business Financing with the intelligent use of experience '





























Thursday, June 13, 2013

Small Business Loan Financing In Canada . Government SBL Loans Or Other Financing Challenges . We Know Why .


Are Your Canadian Business Financing Challenges In Derecho Mode?

OVERVIEW – .Information on small business loan financing in Canada . Whether it’s the government SBL loan or any type of commercial financing mistakes can be made!



Small business loan financing in Canada . Do your financing challenges feel like a constant ' Derecho'? That's the term for a ' massive system of storms' and that's the feeling many clients we talk to seem to be experiencing - a lot of turbulence with potential devastating impacts - to financial liquidity and business survival!

But putting the weather analogy aside we are more convinced than ever that it's simply quality information and guidance that Canadian business owners and managers want when it comes to business finance solutions that they need, and make sense. Let's dig in.

No one disagrees that the searching for finance solutions isn’t stressful, or time consuming. That why professional, experienced advice is worth its weight in gold we think.

Case in point. The other day we caught an article in a Canadian publication entitled ‘5 Tips For Getting a Small Business Loan '. Although targeted at Canadian companies it was clear that the writer was U.S. based. Even more troubling... did we disagree with one of her points? Absolutely not - we disagreed with all 5!

Let's take a look at those .Oh and by the way, we will be putting those in the context of the Canadian business owner, with all due respect to our U.S. friends.

1. The article stated that banks are cautious on' new ventures '. While we agree that start up financing on any scale is a challenge there are numerous solutions, if applied properly that satisfy the need of the owner. These might include Government SBL loans, which is bar none, the best financing in our opinion for any start up. Other forms of very successful ' new venture ' financing include A/R financing, tax credit monetization, equipment finance, and PO/Supply chain solutions.

2. The article then went on to say you need the right type of bank. Clearly that's a U.S. oriented comment, where it’s incumbent on the borrower to also check out his bank for solvency also! That isn’t the case in Canada. So... what is then the ' right' bank for you. Our reality - it’s the banker and not the bank, so aligning yourself with an experienced credible commercial banker does not require any particular allegiance to any one bank. Focus instead on people, not pillars.

3. Are they kidding?! Unfortunately they weren’t. The article stated that business plan and proposes should be revenue oriented. We'll give that writer a bit of credit for referring to cash flows also.

4. Next point - long term growth. The article stated that you should be focusing on future financing needs also. While there is a small amount of verity in that comment the reality is that business plans and financing for current needs is complicated enough a process without bring in future financing needs which raise more questions than answers.

5. Last point. The article said that plans and financials should be crafted to appeal to a wide variety of banks, investors, capital providers, etc. Our thoughts - stay focused, not wide. Prepare documents on financials that focus on the current need and clear repayment.

We are hereby forgiving Canadian business owners /financial managers for feeling overwhelmed and confused with misinformation around proper requisites and planning for solutions needed. Align yourself with a trusted, credible and experienced Canadian business financing advisor who can assist you in taking your finance challenges out of Derecho mode!

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 = CANADIAN SMALL BUSINESS LOAN FINANCING




CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com



















Wednesday, October 10, 2012

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



Friday, July 1, 2011

What You Didn’t Know About The Canadian SBL Government Small Business Financing Program


SBL? It’s the Canadian Small Business Financing Program and is sponsored by Industry Canada which is an independent part of the Canadian government. It is in our opinion the best program from start up, small, and medium sized businesses in Canada. We're going to tell you why, and cover off 6 things you may not know about the program, providing clarification on each item.

Is it a financial assistance program? Not really, but its certainly a great financing , at solid rates, terms, and even structures that many much larger corporations could not achieve . We love providing our clients with an overview of 6 different elements of the program.

Let’s cover off the six key areas that continually come in the form of questions from Canadian business owners and financial managers. What are those areas of concern? They're as follows: eligibility, loan size, terms, interest rates and fees, pre payment, and finally, what assets can be financed!

Let's dig in. Eligibility. That’s a good place to start, i.e., do you qualify? The SBL small business financing program (also called BIL / CSBF) is open to incorporated or unincorporated businesses in Canada with less than 5 million dollars in actual or project sales. The program covers off 90% of any item you wish to finance based on what is financeable under the program. To qualify you should be a Canadian citizen as an owner of the business, and, in general you should ensure you have a decent personal credit history. Certain credit scores at the credit bureau will allow you to determine if you are acceptable in this area. Any time of business, service or asset based can come under this government loan program.

Loan size... ie how much can we get? That’s the typical question we get from clients. The program actually goes to$ 500,000.00 but that’s for real estate only, all other assets and leaseholds financed under the program cap out at a loan amount of 350,000.00$.

What terms are available under the program? Typically most transactions are done on a 5 year fixed term basis, although in a lot of circumstances a 7 year repayment term can be requested. That 7 year payment term will definitely lower your monthly payment and make cash flow work better for you when you need it.

Many clients assume because the SBL small business financing program often finances start ups and weaker companies in terms of assets and historical performance that rates are high for the loan. You couldn’t be more incorrect as rates are at 3% over prime, and the one time processing fee of 2% can often be also financed as part of the loan.

99% of financing in Canada for items such as leases or term loans, etc come with no pre payment options .Again, here our program shines, as pre payment can be made at anytime, without, you guess it , any penalties . It can’t get any better.

If there is one item of confusion constantly in our clients minds it’s the issue of what can be financing under and SBL loan. It is not a cash loan, and the only assets that can be financed are equpment, software, leaseholds, and real estate.

What do you think? Do you agree with us that this program is a solid one ?We certainly think so, and if you're interested in more info seek and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you to prepare a successful summary and application . It's Canadian business financing with a spin on win/win!





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 .Info re: Canadian business financing & contact details :


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

Saturday, June 11, 2011

Unlimited Time Offer – The Canada Small Business Loan – Government SBL Loans For Financing Success




You're in for a pleasant surprise. Why? Because the information we're sharing should absolutely convince you that the ' SBL ‘, the Canada small business loan , aka ' the government loan' is by far the best amongst loans for small and medium sized businesses in Canada .

Let’s get that ' medium' size out of the way quickly before we begin. To qualify and receive the Canada SBL loan you must have actual or projected revenues less than 5 Million dollars per annum. That covers a lot of our clients, so it is easy to see why they are genuinely excited about this often misunderstood part of the Canadian business financing landscape.

Let's set some groundwork here. We're going to cover off whats important to you - so pardon us for paraphrasing typical questions we receive everyday on this program. What are those questions -? They are as follows: Why have we not heard about this program, who manages the program, how much can we get, and what do we need to do to qualify.

We think you'll agree that if we cover off all those bases you'll be well grounded in determining if the Canadian small business loan, aka the ' government SBL ' is right for you.

So, first question. Why haven’t you heard about the program? Quick answer - we're not sure, because 7441 of your peers and, worse yet, your competitors took advantage of the program in 2010. Oh and by the way, they got loans totaling $ 957,000,000.00. That’s an average of about 128k per loan, but most of the requests we see tend to be in the 200-300k range.

You also may not have heard about the program because of its unique structure. It's sponsored and mandated by the folks at INDUSTRY CANADA in Ottawa... but you don’t need to drive there to get the loan. The government has mandated Canadian banks to offer the loan under the terms and conditions of the program.

Which brings us to a side point which is that we're often asked why many small business and commercial bankers don't talk up or offer or recommend this great financing strategy for business loans. We suspect, and surely they can’t be proud of it, that many bankers either haven’t taken the time or have had the training to facilitate this loan properly... we suspect they would prefer to sell us a mutual fund or mortgage. Anyway, we'll weigh in on that one another day.

So, how much financing can you get under the program. The program actually goes to $ 500,000 but that is if it is a real estate type deal. Typically the program caps out at $ 350,000.00 for 99% of business owners.

Many clients are disheartened to hear the loan is not a ' cash loan ' or a revolving line of credit. It isn’t - it’s a term loan with very attractive rates, and can be used for equipment, leasehold improvements, software, etc.

If we had to identify two quick qualifiers for the Canada Small business loan it would be a reasonable credit history of the business owner, as well as a properly prepared package.

The 'package ' i.e. your proposal, has been the downfall of many clients we have spoken to who have ventured on their own to get the SBL loan approved. They simply aren’t prepared on some key basis, such as a executive summary, business plan, cash flow, etc. ( Banks for whatever reason love to see hwo they will get repaid!)

Well... there you have it. Want to fast track the best business financing in town? Speak to an expert, a trusted credible and experienced Canadian business financing advisor who will assist you in your approval and funding.

PS. Government loans don't even require a full personal guarantee, another great reason to consider the program.




Information by Stan Prokop - 7 Park Avenue Financial
http://www.7parkavenuefinancial.com/canada_small_business_loan_government_loans_sbl.html

We finance the little guy . P.S. We finance the big guys also!

Saturday, April 9, 2011

The Power Of The Government of the Canada small Business Financing Loan - SBL 101 !



Power - The dictionary defines it as the possession of control. You want it? We're going to give it to you as it relates to the government of Canada Small Business Financing Loan... we affectionately call it the ' SBL ‘! (That’s small business loan by the way ...)

So clients are always asking whats so great about the program? We'll give you thing things, actually four! Rate, term, structure, and by the way, a very limited (in our opinion) personal guarantee.

Industry Canada is the government agency that sponsors this great loan program. We're sure the department is staffed by some great people - it must be, because it’s a great program, right? However, you are never going to really meet these folks, as the government has chartered the Canadian banks and other miscellaneous financial institutions to run the SBL loan program on their behalf. So essentially its small business financing at the street level, which is right where you want it.

So how does the program work...? In fact an even better question might be why this type of financing should appeal to your firm.

The bottom line is that your firm is a ' for profit ' (we’re all for profit!) company and are either a start up or revenues under 5 Million dollars then you are a prime candidate for a government SBL small business financing loan.

So why banks don’t just makes these types of loans without all the government backing. Simply because (and we think you might have experienced this already) you might not qualify for what us folks in the real world of Canadian business financing call ' traditional financing '. Traditional of course refers to borrowers who are viewed as strong applicants because of high net worth, ultra solid personal credit history, strong balance sheets, and outside collateral. Who wouldn’t have problems coming up with those these days?!

The Canada Small Business Financing program in fact is very specifically designed to appeal to borrowers such as yourself who perhaps might not qualify for the traditional financing and criteria we've just spoken about.

I don’t think we have ever had a client meeting where the question ' how much can we get?" comes up. Our answer, plenty! If in fact you think 350,000.00 $ is plenty - we do. That’s the current cap on the program - but we'll share a tiny secret here, if you were to utilize the program for a real estate purchase for your business the program caps out at 500,000.00$ . Wow!

Sounds great so far? We have always thought so, so bringing new converts on board is a pleasure. Seek out a trusted, credible and experienced Canadian business financing advisor. You'll then focus on how the program works, if you qualify, next steps, structure, and finally, your approval!

-

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 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/sbl_loan_government__small_business_financing.html