Startup Loans Government Business Loan Canada |7 Park Avenue Financial

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Startup  Loans : Don’t Read This If You Don’t Want To Know How The Canada  Government Business Loan Works
Confused About Govt Business Loans ? You Shouldn’t Be

 

 

YOUR COMPANY IS LOOKING FOR A GOVERNMENT-GUARANTEED BUSINESS

LOANS!

FUNDING SMALL BUSINESSES IN CANADA

You've arrived at the right address! Welcome to 7 Park Avenue Financial

Financing & Cash flow are the  biggest issues facing businesses 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
Oakville, Ontario
L6J 7J8

 

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Startup loans in Canada bring one of the largest challenges any entrepreneur/business person will face. That challenge, in many cases, can be eliminated via the Government Business Loan - often called the ' SBL. ‘ Yet confusion many times still reigns supreme when it comes to this program, how it works, how to access it, and... Oh yes, how to be successful.

 

IS THE CANADA SMALL BUSINESS FINANCING PROGRAM THE BEST LOAN FOR A SMALL BUSINESS STARTUP?

 

As we have hinted, SBL loans allow you to get within reach of the initial financing you need for any business start-up. A startup can take many forms - starting from scratch, buying or acquiring a franchise, even buying an existing business and starting over ' (sometimes called a ' restart '). In other cases, other financings can already exist that you have arranged, and the govt business loan supplements that.

 

WHAT ARE SOME OF THE CHALLENGES OF STARTING A BUSINESS

 

Many of the challenges you face on financing are preceded by other issues you have already faced before financing, for example, selecting a business location, negotiating a premises lease,  doing your due diligence and research on your transaction, etc.

 

WHATS THE RIGHT FINANCE SOLUTION FOR YOUR STARTUP

Putting the right finance solution in place for your venture means two things,  arranging initial financing and ensuring and allowing you will have some working capital and cash flow for your ongoing operations and growth.

 

Experts tell us that new small businesses should always have a business plan to achieve better finance approval and funding success. 7 Park Avenue Financial business plans prepare clients to meet and exceed bank and commercial lender requirements. Let our team walk you through the application process.

 

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WHAT DOES THE GOVERNMENT LOAN FINANCE?

 

One of the main misconceptions of govt business loans in Canada is that they, in fact, can provide working capital and cash flow. They can't!!  The program is specifically formulated to address only 3 asset categories -

 

Equipment

 

Leaseholds

 

Real estate

 

MANY FRANCHISES USE THE GOVERNMENT-GUARANTEED BUSINESS LOAN FOR FRANCHISE ACQUISITION

 

In the case of purchasing an existing business or franchise, an appraisal of existing assets and leaseholds provides the basis of collateral for your new SBL startup loan.

 

 

In business, you don't necessarily get all the changes you need to be successful, so government loans provide a solid base on which to start, operate and grow your company or franchise.

 

 

INTEREST RATES ON GOVERNMENT LOANS

We've been somewhat amused for years because clients always want to discuss ' interest rate ' on any new financing they seek for start-ups. While a rate must be competitive and allow you to, of course, pay the loan, the reality is that start-up financing outside the govt loans is difficult, if not outright possible, to achieve. Yet, the SBL program provides a very competitive rate (3% over prime) and even allows you to repay without penalty. Even traditional financing won't allow you to do that.

 

THE BENEFITS OF GOVERNMENT LOANS

SBL loans work fundamentally because they are government-guaranteed. Canadian chartered banks offer and specialize in loans like the program because the Canadian government guarantees most of the loan. Almost 8000 businesses annually take advantage of the program. Talk to 7 Park Avenue Financial about your eligibility.

 

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CONCLUSION

Tired of looking for business grants or government grants instead of a startup loan for business owners of Canadian businesses? If you are looking to turn dreams into reality  for your Startup, seek out and speak to 7 Park Avenue Financial,  a trusted, credible and experienced Canadian business financing advisor who can assist you with small business funding from the government for  this and other financial solutions,

 

Click here for the business finance track record of 7 Park Avenue Financial 

 

 

 

7 Park Avenue Financial/Copyright/2022

' Canadian Business Financing With The Intelligent Use Of Experience '

 STAN PROKOP
7 Park Avenue Financial/Copyright/2024

 

 

 

 

 

Stan Prokop is the founder of 7 Park Avenue Financial and a recognized expert on Canadian Business Financing. Since 2004 Stan has helped hundreds of small, medium and large organizations achieve the financing they need to survive and grow. He has decades of credit and lending experience working for firms such as Hewlett Packard / Cable & Wireless / Ashland Oil