---

Guest post by: Stan Prokop Become an Author

Tweet

---

---

Wow! A ' favorable termination of attempts '. Could there be a more perfect dictionary definition of the government of Canada SBL loan for small business. We don't think so. Why?

First of all we meet clients all day every day that aren't even aware of one of the most powerful programs in Canadian business financing in Canada. And in a time when programs of all types are under attack... guess what, this program got even better. Can you believe it? We couldn't.

We're talking about BIL /CSBF. What the heck is that??? .. we can already hear you saying . It seems like government and business always have acronyms that confuse the little guy. The BIL/ CSBF program is simply the government small business financing program sponsored by Industry Canada.

Again, we're astounded by the fact that thousands of small, and new (yes even start ups, franchises, etc) are eligible for the program and not even taking advantage of it.

So let's get you up to speed. Quickly. The Canada Small business financing program , also called by us ordinary guys ' the SBL ' (small business loan) is simply the official government program to encourage financing of small and medium sized businesses in the Canadian business financing arena.

Who is eligible? It's pretty simple. Any business with either real revenues, or sales, or forecasted sales less than 5 Million dollars. When you're starting out we can assure you it will take a little while to get to 5M in revenue, so that's why again we're amazed at who doesn't take advantage of the program .

Ok, we're interested, we can hear you say. Whats the bare bones explanation of the program. Ready - here it goes. It's a loan for a maximum of 350,000.00 for the purchase of equpment, leasehold improvements, software, or real estate. Is it just us, but doesn't things like equipment and improvements to your business cover a lot of your financing needs? When the loan is for real estate only, guess what... you can borrow up to $ 500,000.

Qualifications? You want to know them, we've got them. To qualify you need to have a business plan, demonstrate the need for financing via a quote of vendor invoice, and you must have a 10% investment into the amount of financing you need. For example, you want to buy a franchise business in the Canadian business marketplace. The franchise costs 350,000.00$. You put in 10%, and our SBL loan program covers the balance.

Do you have to drive to Ottawa to get the loan? We're kidding of course - the good news is that the government of Canada sponsors the loan and assumes the majority of ' risk ' but the actual government of Canada small business loan program is administered by your bank.

We don't want to get too personal here, because we love our Canadian banks, but it's sometimes a challenge finding everyone who knows about this program and can get you funded quickly. But guess what? Last year 7,441 of your competitors and business friends took advantage of the program, for a total of 957 Million dollars! And you hadn't even heard of the program?!

Want to know more ?Business financing success is all about experience, trust and credibility, seek out a Canadian business financing advisor who can fast track you to business financing success using this great Canadian financing tool to grow or start your business .

P.S. And you wont believe the great rates, terms and structures of the SBL loan also! Trust us on that.

Related Articles

  What’s So Little About the Small Business Government Loan In Canada ! SBL Guaranteed Financing
  All You Need To Know About Canadian Government Small Business Loans – BIL Business Improvement Financing
  Navigate the Canada Small Business Government Loan - Successful SBL Financing
  7 Myths Of The Canada Government Small Business Loan – Mom Never Told You This!
  Simple Question – Is the Canadian SBL Government Small Business Loan Financing Right For You?
  Understanding ( And Getting ) A Canada Government Small Business Loan – SBL Loans 101!
  Start Up To Established Company – Who Qualifies for The Canadian SBL Government Loan - A Great Business Loan For Your Firm
  Canadian 21st Century Financing – Utilizing Government Small Business Loans - Why an SBL Loan Is Right For You
  Why The Canada Government Small Business loan Is Your Best Bet For Start Up Financing
  Are You Eligible For The Canadian Government Small Business Loan
  Secrets On How To Crack The Government Of Canada Small Business Loan Financing Program
  A ‘ How To ‘ Primer On Canada’s Government Loan . SBL Small Business Financing Makes Sense
  Canada Government Small Business Loans . Let The SBL Loan Give You An ‘A’ In Canadian Business Financing
  SBL Small Business Loans In Canada . 5 Reasons You Don’t Qualify! The Government Small Business Loan Program Info You Need Today!
  SBL Loans . Great Rates , Terms , Structures . The Canada Government Small Business Loan Ticks Off All The Boxes!
  Wondered How The Canada SBL Government Business Loan Works?
  Understanding The Canadian Government Business Loan - Federal SBL Loans Work For New & Existing Businesses
  The Power Of The Government of the Canada small Business Financing Loan - SBL 101 !
  Financing ? Eligible For An SBL ? – Why You Should Investigate the Canadian Small Business Government Loan
  Unlimited Time Offer – The Canada Small Business Loan – Government SBL Loans For Financing Success

Related Forum Posts

Re: I need a mailing address for office space in Toronto
Re: Require Info on CAD Fed/Prov Grants for Restaurant Start-up
Research & Dev Tax Credit - at No Cost (Canada)
re: restaurant start-up
canada resources

Share this article. Fund someone's dream.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

15 Ways to Create High Visibility with FaceBook

Top Books for Entrepreneurs

Top 10 tips for giving feedback

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.