Government Small Business Loan Government Loan Program SBL 7 Park Avenue Financial

You Are Looking for the SBL – The Government Small Business Loan! 

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

        Financing & Cash flow are the biggest issues facing business today

               Unaware / Dissatisfied with your financing options?

Call Now! - Direct Line - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs

Email - INFO@7parkavenuefinancial.com

The Government Small Business Loan in Canada is being offered! Why isn’t your company taking?!  We're talking about what just might be the best deal in town for Canadian small and medium-sized businesses - the government loan for small business - in our affectionate terms - 'The SBL‘! (Small Business Loan).

Do you equate business loans and the word 'success' in the same sentence when you think of your chances of business financing success? Most clients we meet don't!  They recount countless challenges in meeting their financing needs from what we term as traditional financing sources.

So, time to give up. Never, we say. One of the most viable options you can explore is SBL business loans for your company. They are offered (perhaps the better word is sponsored) by the federal government and the rates, terms and structures of this small business loan beat anything out there, and we'll show you why.

A word of caution though - you need to invest a little bit of time in understanding two key elements of the program - first, what it offers, and secondly, how you get to the goal line ... Quickly! (Many clients we meet are frustrated by their timelines in achieving this financing - you don’t have to be in their shoes if you follow our advice)

So, what is the program and what does it finance? That seems like a good start. The SBL government loan - small business is sponsored by the federal Industry Canada department. The program has been in place for many years, and last year almost hit 1 Billion dollars in financing for your competitors. (We want to put you on that same boat!). The program's official name is the BIL program, and it is a term loan, typically five or seven years in duration, at rates of 3% over prime.

While many larger corporations are required to provide full personal guarantees of owners for their business financings the SBL loan does not, requiring only that the business owner guarantee only 25% of the loan amount - how about that!.

Misunderstanding. That’s what we run into a lot when we explain to clients what the loan can be used for. Unfortunately, it is not a cash flow, but a loan that can be used for 3 separate categories of assets, equipment, leaseholds, and real estate also. Our own experience is that it is rarely used for real estate, but it’s nice to know that that facility is available to your firm.

Timelines. Time is money - who hasn’t heard that one? You can easily facilitate your SBL utilizing the motto of the Boy Scouts of Canada - 'BE PREPARED!'

When you are ready to commit to the loan ensure you have a crisp business plan ready, one that addresses the needs of your business and has a financial model in place showing repayment of the loan. Your own respectable personal credit rating is key also, and the loan typically requires a credit bureau score of 650 to gain approval.

While we speak in terms of a government loan the reality is that the feds charge our chartered banks with the actual administration of the loan - so in actuality, the loan is available on almost every street corner in Canada - where there is a chartered bank branch of course!

Want to learn more about Industry Canada's most popular finance program ... and, even more importantly, fast track business finance success? Speak to a trusted, credible and experienced Canadian business financing advisor with a track record of business finance success on government loans for small business - Get the SBL working for you... today!     

Stan Prokop