YOUR COMPANY IS LOOKING FOR GOVERNMENT SMALL BUSINESS LOAN FINANCING!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Creative business financing in Canada requires that business owners/financial managers address any procrastination around looking at solutions such as government business loans and alternative financing; when things come together, it's like our version of ' Magic Time ' your business growth and survival potential. Let's dig in on business basics for funding and financing.
WHAT ARE KEY INGREDIENTS TO BUSINESS SUCCESS
When it comes to early-stage or new business finance, The ingredients to financing success come from your firm's ability to mix financing that addresses sales growth or asset monetization.
WHAT IS THE CANADA SMALL BUSINESS FINANCING PROGRAM
Canada's Government Guaranteed Business Loan is an interesting hybrid of traditional and alternative financing. It has the qualities of traditional term loan finance while at the same time eliminating many of the factors that are required for businesses to access traditional debt. As an example, it's available for start-ups, franchise acquisition, etc. Given tougher credit standards post-2008-2009 recession, that ability to get approved is key.
LET 7 PARK AVENUE FINANCIAL HELP YOU AVOID THE MISINFORMATION AROUND GOVERNMENT LOANS & SMALL BUSINESS FINANCING OPTIONS
If there's misinformation around some forms of business financing in the Canadian marketplace, the Govt ' SBL' loan is a prime example.
WHAT DOES THE GOVERNMENT LOAN FINANCE?
It is a Canadian term bank loan that is guaranteed substantially by the federal government via Industry Canada. It only finances 3 asset classes -
Equipment,
Leasehold improvements,
Real estate.
A proper loan application package can be prepared in days, and approval is typically within several business days for those that qualify. (A great example of ' time is money ') Your loan package must include a business plan and solid financial projections. 7 Park Avenue Financial business plans meet and exceed the requirement of Canadian banks and commercial business lenders.
WHAT THE PROGRAM DOES NOT FINANCE!
What it isn't - It’s not a cash loan, and it's not a line of credit. And yes, owners still need to have reasonable personal credit history to qualify, although no personal assets are collateralized for the loan. Finally, you deal with your bank, not the govt!
When it comes to the business of creative financing, many firms looking for business capital quickly realize they are not candidates for venture capital, angel investors, etc. Those are very unrealistic for many small businesses. Yet, they still need financing to grow revenues for their products and services.
OTHER CANADIAN BUSINESS FINANCING SOLUTIONS FOR CREATIVE FUNDING OF YOUR BUSINESS
Term loans such as the Government Business Loan might not always be what your business needs. Those firms that are already in revenue mode often need more working capital, and cash flow generating ability to run/grow. Those solutions abound in the creative world of alternative financing, and the hard reality is that many forms of non-traditional finance are becoming more ' Main Street' every day. They are solid creative financing ideas.
They include:
Inventory Finance
SR&ED Tax Credit Finance
Sale-Leaseback / Equipment Financing
Asset-based non-bank business lines of credit
Sales / Royalty Finance
P O / Contract financing
Franchise Loans
We have offered any of these solutions to help you start or buy a business and provide customer financing for custom financing an acquisition.
CONCLUSION - SMALL BUSINESS FUNDING & GOVERNMENT SMALL BUSINESS PROGRAMS
If you are looking for funding for small businesses or a government loan for new business, or early stage funding and if you're interested in getting to the stage of ' Magic Time' in business finance needs, consider seeking out and speaking to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor to help you make sense of real-world solutions financing will run and grow business.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2021/Rights Reserved
