Our Services
LOANS
- Canadian Small Business Finance Loans (CSBFL)
- Business Development Bank of Canada (BDC)
- Business Line of Credit
- Private Investor
The Canadian small Business Finance Loan is one of the most popular financing products available to clients. The loan is guaranteed by Industry Canada and in doing so allows the person applying for the loan to only have to personally guarantee 25% of the total loan amount they receive. The loan can only be used for the purpose of purchasing equipment and leasehold improvement for new and existing businesses to a maximum of $500,000 per business, of which a maximum of $350,000 can be used for purchasing or improving new and used equipment, and for purchasing leasehold improvements or improving leased property where the borrower is a tenant. The paperwork needed to secure this type of loan can be extensive, however the benefits can be well worth it in the long run. If you would like more information on the Canadian Small Business Finance Loan we would welcome you to contact us to discuss it in more detail.
The Business Development Bank of Canada is Government backed Organization that will offer qualified applicants financing for new and existing businesses. The benefit of this type of loan is that it can be used not only for the purchases of equipment and leasehold improvements as per the Canadian Small Business Finance Loan, but can also be used for purchasing the shares of an existing business including goodwill and other working capital needed to operate the business. This type of loan can require extensive paperwork, however the upside is the amount available if qualifying can run into the millions of dollars. If you would like more information on the Business Development Bank of Canada Loan we would welcome you to contact us to discuss it in more detail.
A business line of credit is an excellent financial product offered by Banks for a business needing short term working capital. A business line of credit is typically revolving like a credit card with no fixed payment terms and allows the business to access at anytime money that has been paid back on the line of credit up to the maximum amount the business originally qualified for. If you would like more information on a Business line of credit we would welcome you to contact us to discuss it in more detail.
Businesses that are looking to finance equipment have the option of utilizing leasing in order to do this. This type of loan would be a term loan that has a fixed term and monthly payment agreed at the start of the lease. The paperwork needed to support this type of loan is less extensive than most other loans. if you would like more information on Leasing we would welcome you to contact us to discuss it in more detail.