Is Your Business Financing Feeling Like The July 12 Disco Demolition Fiasco? ! We’ve Got Some Ideas On That

OVERVIEW – Information on business finance alternatives in Canada. Cash flow loans and other alternative financing solutions are the new frontier in business financing in Canada

Business finance funding for many Canadian firms often seems just out of reach for many owners/financial mgrs. Those owners and managers might even feel as if their finance challenges are somewhat impossible, almost like the July 12 1979 Disco Demo Night! (On that day a Chicago DJ organized a ‘ disco sucks’ protest at Chicago’s Comiskey Park. The 5000 invited fans turned into a riot of 70,000 of epic proportion and damage).

Although bank financing is often critical for the ultimate success of many firms there is access to finance today in numerous other forms. These solutions tend to fill the ‘ growth gap ‘ that perceived / real credit crunches deliver to the stifling of a firm’s growth.

When it comes to low cost and low risk our Canadian chartered banks deliver on the many longer term solutions for business finance needs. Although the requirements are pretty basic, and common sense, many firms, perhaps yours , can’t prove or provide stability in cash flow, smooth growth, and collateral and or covenants and personal guarantees.

4 sources of business financing you may not have considered are:

Asset based lending / non bank lines of credit

Factoring/ Confidential Receivable Finance

P O Financing

Equipment Financing (Lease finance is often both a traditional and alternative method of acquiring and financing new assets) Almost any new or used equipment asset can be financed these days, even software to run your business!

Start up and early stage growth firms should well consider the Canadian govt small business guaranteed loan program, providing a govt guaranteed loan via your bank for 90% of the loan amount, which now is up to $1,000,000.00 as a loan amt cap.

We always point out to clients that various forms of equity finance could be considered; these include bonds, private capital pools, private equity, angel investors, crowdfunding, etc. However these solutions are a road less travelled and take a ton of time with only the smallest per cent age of firms ready or succeeding in these areas.

If you’re looking to feel better about business finance alternatives available to your firm seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with identifying the right mix of solution and funding/capital amount your business needs.. to grow!

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Office = 905 829 2653