레이블이 Funding for Small Business인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Funding for Small Business인 게시물을 표시합니다. 모든 게시물 표시

2013년 12월 3일 화요일

About 'business financing loan'|Canadian Business Loan Financing – Pain or Pleasure Mastering Finance Success With Equipment Lease Companies







About 'business financing loan'|Canadian Business Loan Financing – Pain or Pleasure Mastering Finance Success With Equipment Lease Companies








Navigate!

The               Dictionary               defines               the               term               as               '               to               walk               or               find               ones               way               '.

That's               what               we               are               going               to               do,               make               you               a               navigational               expert               on               the               '               SBL               ',               more               commonly               called               the               Canada               small               business               loan               .

It's               also               called               '               the               government               loan               '               and               we               will               provide               some               clarity               around               why               that               is               and               is               not               necessarily               the               case!

Let's               get               down               to               basics.

Your               first               questions               probably               is               -               '               what               is               the               Canadian               government               doing               in               the               loan               and               Canadian               business               financing               area?!

)               That's               a               valid               question               of               course.

Industry               Canada               is               the               department               that               runs               the               program.

The               program               has               been               around               for               many               years               and               is               designed               to               encourage               '               financial               institutions               'to               provide               small               business               loan               financing               that               they               otherwise               might               not               be               able               to               do.
               So               who               are               these               financial               institutions?

For               the               most               part               we're               talking               about               Canadian               chartered               banks,               although               some               business               oriented               credit               unions               also               underwrite               the               program.

That               is               where               a               lot               of               the               confusion               around               the               program               exists               -               namely               that               while               the               government               sponsors               and               in               fact               created               the               program               it               is               administered               on               a               daily               basis               by               Canadian               banks.
               Why               would               the               banks               participate               in               the               program?

For               the               very               simple               reason               that               the               Canada               small               business               government               loan,               aka               '               SBL               '               has               Ottawa               picking               up               85%               of               the               tab               if               a               loan               defaults.
               When               we               look               at               all               the               questions               clients               have               around               the               program               a               couple               common               themes               consistently               come               up               -               they               are               key               issues               such               as               '               How               much               can               we               get               "(that's               a               very               popular               one!)               as               well               as               '               how               does               it               work               and               what               do               I               need               to               do               to               apply               ?
               Let's               address               the               dollars               in               the               SBL               program.

The               magic               number               for               the               program               is               $               350,000.00,               but               if               you               use               it               specifically               for               real               estate               the               program               actually               can               be               up               to               $               500,000.00.
               Would               any               company               or               entrepreneur               want               to               purchase               real               estate               under               the               program?

That               may               or               may               not               be               an               attractive               option               -               for               example               under               the               current               terms               of               the               program               the               monthly               payment               would               be               in               the               7K               per               month               range               ,               so               that               would               have               to               be               weighed               against               other               options               .
               So               who               uses               the               Canada               small               business               loan,               and               why               is               it               beneficial.

The               reality               is               that               over               7               thousand               firms               used               the               SBL               government               loan               last               year               alone,               for               financings               approaching               1               Billion               dollars.

Funds               for               the               program               are               geared               toward               two               asset               classes               -               equipment,               and               leaseholds.

Your               ability               to               finance               leaseholds               under               the               program               is               one               of               the               best               features               of               the               program.

as               this               asset               class               is               very               difficult               to               finance               otherwise               .
               Most               popular               questions               #2               about               the               program               is               simply               '               how               does               it               work               -               where               do               we               apply               '.

This               is               where               it               falls               apart               for               many               entrepreneurs.

They               aren't               prepared,               spend               days,               weeks,               and               yes               months               stumbling               through               the               program,               and               are               frustrated               if               they               are               declined.

They               are               simply               astounded               when               we               tell               them               a               simple               clean               proposal,               done               properly               can               get               the               financing               approved               in               48               hrs.
               Not               sure               about               navigating               your               own               way               around               the               program               to               both               achieve               maximum               financing               and               of               course               approval?

What               then.

Simple,               speak               to               a               trusted,               credible               and               experienced               Canadian               business               financing               advisor               who               can               help               you               navigate               the               waters               of               financing               success               for               the               government               SBL               loan               program               in               Canada.






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