YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
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?
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Government Loans Sred Financing Business Loan Solutions. We’re often asked by customers if there are grants and loans available for their business in Canada. On many occasions, these firms are either a start-up or pre-revenue. There is a general belief that there is 'free money' out there, and people are trying to find it! I categorically believe there is no free money available - if that was the case can you just imagine?!
However, there are some excellent programs, two in particular, that in our opinion are the two best government programs for Canadian businesses in the SMALL MEDIUM ENTERPRISE ' SME' sector.
The Canadian government has allocated hundreds of millions of dollars into what is known as the CSBF Loan program. The government provides a lot of data at its website around the availability of the program, how it works, and who is eligible.
While some of the information might seem overwhelming there is a lot of assistance available. For the purposes of this article, we will share that the program is available to all new or established firms with revenues under five Million dollars. We note also that the program does not apply to publicly listed companies.
Most people that are familiar with the program might not know that in the current 2009 world economic crisis the government increased the amount of these loans to $ 350,000.00 and in some cases $ 500,000.00. Yet recently the funding amount has been increased to 1,000,000.00.
How can you qualify for the program, and, more importantly, do you qualify?
Customers need to review the classes of assets that can be financed. The true power of the program is that the rates are only 3% over prime, currently in the 5% range. Terms of repayment are 5-10 years, and, are you ready, a full personal guarantee of payment is not required!
Typically these programs are used by companies to acquire assets, improve their business, purchase or develop software, and even in some cases buy real estate.
Do Canadian business owners know that the government can assist them in purchasing business real estate with limited guarantees and great rates and terms? We don't think so!
If business principals feel they are adequately prepared to source out these programs and their financing power we strongly recommend that they begin this process. However, not everyone has the time, financial skills or acumen, and the ability or comfort level to complete this financing.
Those people should seek out the aid of a trusted advisor and business financing expert in order to maximize their participation in the program.
Let's get back to free money! Does it exist? Again, not really. But would you like to receive a check from the government for any processes, research or innovation that your firm has developed? If so you want to maximize your participation in the government's SR ED tax credit program.
If your company needs assistance with SR&ED financing solutions and/or the Govt Guaranteed Small Business Loan seek out and speak with a trusted, credible and experienced Canadian business financing advisor who can assist you with your finance needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop 7 Park Avenue Financial/Copyright/2020
