YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE VIA A GOVERNMENT
GUARANTEED SMALL BUSINESS LOAN!
LET US SHOW YOU ACCESS TO THE CANADA SMALL BUSINESS FINANCING PROGRAM
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
Government small business loans often perceive anything to do with this business loan program moving at a plodding speed. That isn’t the case, not the least reason being that your loan requires no correspondence or meeting with the govt! (More about that later) While ' zero to sixty might seem a little too fast, we'll show you that proper info and planning make this attractive business financing solution very accessible achievable in less time than you think. Let's dig in.
WHAT IS YOUR FINANCING CHOICES IF TRADITIONAL FINANCING IS NOT AVAILABLE?
Traditional financing in Canada, mainly by a financial institution such as our banks and the credit union movement in Canada, strongly appeals to business owners and entrepreneurs. The challenge is qualifying, as it must be clearly proven that your business has revenues, profits, a clean balance sheet, and proven cash flows.
THE APPEAL OF TRADITIONAL BANK FINANCING IN CANADA
Part of the appeal of ' traditional ‘financing is low-interest rates and financing costs. ‘Cost effective ' and ' efficient ' aren't normally associated with start-up or SME COMMERCIAL FINANCE. The Govt small business loan program in Canada, underwritten by Industry Canada, offers a lower cost of financing for firms that cannot fully qualify for term loans or cash flow financing.
CAN YOU FINANCE A NEW BUSINESS OR STARTUP OR FRANCHISE UNDER THE SBL PROGRAM
Many start-ups and franchise acquisitions are often financed by the program, which is accessed by thousands of companies every year, to the tune of billions of dollars. The clear benefit here is strong funding at competitive costs from very reliable sources. Since Canada's chartered banks administer the program, it's safe to say it’s that ' reliable source'!
HOW DO SMALL BUSINESSES FINANCE THEIR COMPANY?
Top experts tell us that a new or emerging small business is often initially funded by owner equity, friends and family, and, dare we say it, ' credit cards'!
PROGRAM REQUIREMENTS OF THE GOVERNMENT LOAN PROGRAM IN CANADA
Some fundamental requirements come with the program - they include:
Good personal credit history/credit score of owner/owners
The business must operate from a leased or owned business premise.
Funds can only be used for equipment needs and leasehold improvements or real estate. - Financing small businesses in asset categories such as leaseholds or commercial properties is ' problem solved ' under the CSBFL program.
HOW SMALL IS A SMALL BUSINESS UNDER THE PROGRAM
The eligible revenue cap on the program is 10M dollars - obviously, startups are totally ok with that, and tens of thousands of businesses in Canada have revenues under 10M dollars. Economists tell us this sector is, in fact, driving a huge portion of the Canadian economy.
WHAT IS THE ROLE OF THE BANK IN THE GOVERNMENT LOAN PROGRAM
The government guarantee on loans via the bank obviously makes the program attractive to bankers that actively participate in the Govt loan program. That decreased risk of loss is desirable to our generally conservative Canadian Banks! The bottom line for both the bank and yourself - it's easier to support and start or grow an existing business.
LET 7 PARK AVENUE FINANCIAL HELP YOU NAVIGATE THE PROGRAM
So how does one prepare and get started? The Government of Canada has a defined loan application process, and we can help you navigate the process easily. Key basics are a credible business plan or executive summary, info on your business experience, a list of what funds will be used, and a realistic cash flow projection that shows repayment of the loan. 7 Park Avenue Financial business plans meet and exceed bank and commercial lender requirements. A good business plan will help you apply for a business loan and have a stronger chance of approval. The small business government loan application is a smooth process if you have an experienced advisor helping you out.
CONCLUSION - NEW BUSINESS FUNDING & GOVERNMENT HELP FOR NEW BUSINESS
We've demonstrated how the Canada small business financing act loan program helps new and also existing businesses to acquire financing in key asset categories to help them start, fund and grow their business. While traditional financing may often not be accessible, government programs can help alleviate the frustration business owners face when having to consider alternative solutions such as venture capital, outside guarantees, or new owner equity. Government-backed loans work and are accessed by thousands of companies every year for funding that totals in the billions of dollars - For statistics under the program click HERE.
' Last call ' often refers to your final opportunity for small businesses for government financial support under popular small business government loans - so if you're ready to explore and investigate or commence a government small business loan financing seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with your Canadian business funding needs- thereby enhancing your ability to grow your products or services.
Outside of COVID funding small business government loans solutions funding via the 'SBL' Loan is one of your best potential funding options.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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