SBL Government Small Business Loan Loans 7 Park Avenue Financial

YOU ARE LOOKING FOR A GOVERNMENT SMALL BUSINESS LOAN – THE SBL! 

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 -

How do government business loans work? If we only had the proverbial nickel every time a 7 Park Avenue Financial client asked us those questions. You guessed it... We'd be rich!

Due to the fact that both the government and the banks are involved in the government business loan process business owners and entrepreneurs can be forgiven for not understanding how this business financing scheme (hint - it's not a 'scheme!') works.

Sometimes the frustration with timing and the mechanics of the loan relate simply to the fact that business folks don't understand how the program works - and it's not complicated.

So let's be clear - the Canadian government small business loan (some folks call it the 'SBL') is a program that has been in existence for many years and is administered by Industry Canada. It's a great way to acquire long term and often start-up capital for a business.

The three categories of assets you can finance are:

Equipment

Leaseholds

Real Estate

In some cases the loahttps://canada.franchisesales.com/resources/articles/financing-franchises-q-and-a-with-stan-prokopn cap is one million dollars, we typically see our clients borrowing in the 200-350k range. So that's not necessarily small.

Key Point - Many franchises are financed under the program! Government loans can be used to buy a business - Franchise or otherwise.

The program requires a minimum, 10 percent owner investment into the loan amount. The government guarantees the rest to the bank,

WHAT DO YOU NEED TO GET A GOVERNMENT LOAN APPROVED?

A business plan/cash flow

An equipment list

Good personal credit of the applicant - typically a 650 credit bureau score

Looking for a way to 'fast track' your loan - Seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a  track record of success.

Stan Prokop