YOU’RE LOOKING FOR THE FEDERAL GOVERNMENT SMALL BUSINESS LOAN!
The Canadian Small Business Financing Program- The Alternative to traditional bank business loans!
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
Government Small Business Loan financing is a solid way to end the worry around start-up loans and lack of capital when starting or buying a business in Canada. Let's examine why Canada small business loans just might work for your transaction.
SME CANADA - Small Business Financing
The Small to Medium Enterprise ("SME'') is a great utilization of the popular business finance program. When you think of the worry and risk that comes with starting or buying a business surely financing ranks right up there! It might just be time to start worrying.
Solutions to business financing start-up capital are found via the federal government, in particular the Industry Canada offering. Loan amounts have recently been increased to 1 Million dollars, but the vast majority of these loans tend, in our experience, to be in 500k and less range.
PUTTING A PROPER LOAN PROPOSAL IN PLACE
The business owners' ability to qualify simply revolves around the right documentation and your ability to fast track basic issues around your loan proposal. It is without this knowledge that many of the recipients feel frustrated in achieving financing success.
Traditional bank loans for small businesses are often difficult based on bank approval /credit criteria. A small business bank loan requires good credit scores, reasonable net worth, and potential outside collateral and personal guarantees.
Is the Govt loan program a solid option - we let our clients decide. But when traditional financing is tight and many forms of business finance are simply unattainable start-up loans via government assistance are definitely a major option to consider. It's simply a case of knowing the rules, and as we've said in the past, creating a short roadmap to business finance success.
HOW TO GET SMALL BUSINESS GOVERNMENT LOANS
So why are some of those business folks we've talked about worried or frustrated in the small business loan progress? In reality, it helps to have an advisor assist you in ensuring you are accessing and qualifying the right amount of funds. You want to ensure you are working with a seasoned business financing advisor who has had success and has expertise in the government loan process. Validate those credentials... allowing you to ultimately save a lot of time and money
In our experience at 7 Park Avenue Financial, there is a lot of myth or misinformation around the program. Here's the truth around some of those myths and misinformed issues.
Anyone legally allowed to borrow in Canada is eligible for the program. You should ensure you can substantiate a reasonable net worth and good credit standing. Experience in your industry certainly helps!
WHAT DOES THE GOVERNMENT LOAN PROGRAM FINANCE?
Clients always want to know what is eligible for financing under the program. In fact, only 3 asset categories apply - equipment, leaseholds, and even real estate. By far the 2 most utilized categories are equipment and real estate. Finance for small businesses is always a challenge, so let the 7 Park Avenue Financial team help you meet your goals and custom tailor loan and cash flow financing that makes sense for your situation.
Bottom line? Stop worrying and spend some time getting the real 'skinny' on business financing offered by the government. Speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success on making the program work for you.
