|
|
Like this article? PLEASE +1 it! |  |
|
Start Up To Established Company – Who Qualifies for The Canadian SBL Government Loan - A Great Business Loan For Your Firm
| Guest post by: Stan Prokop |
Article Overview: Information on the Canadian SBL government loan program . Who qualifies and how to successful utilize this financing for your start up or established business . Business Loans For Your Firm.
 |
Free Download - Can ABL Financing Be Your Business Finance Peace Of Mind ? Getting Comfortable With A Revolving Credit Facility By Stan Prokop |
Start Up To Established Company – Who Qualifies for The Canadian SBL Government Loan - A Great Business Loan For Your Firm
Government ... Business Financing ... those two
terms shouldn’t raise fear and apprehension in the minds of our clients. But...
guess what? They often do! And that means they might be unable to
access the Canadian government loan. SBL loans are quite simply, in our
opinion, the absolute best method of financing your start up or small business
venture .And the word ' small ' is relative, as our program pertains to
businesses with revenues under 5 Million dollars. That’s not chump change,
right??!
Canadian business owners looking to either start a
business or expand their current business spend a lot of time seeking financing
to complement those two goals. Ironically the one entity they often think can't
or won't help or assist them in fact is the only entity that is set up to
absolutely help them. Why, because it's actually Canadian chartered banks that
take the hand off from Industry Canada
to approve and administer the BIL/CSBF program in Canada. We'll keep things simple
and refer to it as the SBL loan!
So who qualifies for these loans, financing things
such as equipment, leaseholds, software, etc?
Canadian citizens or those legally allowed to borrow in Canada
are eligible to receive such financing. Naturally you can not have defaulted on
a loan in the past, and you must be up to date with your income tax filings and
any balances owing Canada Revenue Agency. That makes sense , doesn't it - receiving an SBL loan from the government and
being in good standing with them re your personal tax filings, etc.
As we said, it’s the banks and a few other select institutions
that administer and fund the government loan program. Over 7000 businesses just
like yours received funding in the 2010 timeframe as an example.
So do banks '
like ' the program and recommend or steer clients toward the program. We have
got our own opinions on that. While the government guarantees the majority of
the loan to the bank we find that many bankers aren’t either fully up to speed
with the loan approval process... and, heaven forbid...they feel it is ' a lot
of paperwork '. Good commercial and small business bankers in Canada ( yes ,
they exist, trust us on that one please ) view SBL loans as a way to help you
achieve business financing for a start up or relatively new business when they
otherwise might be constrained to help you within normal bank confines .
The government loan program caps out at 500,000.00
for real estate, and 350,000.00 for equipment, leaseholds, software, etc. Loans
are pegged to 3% over the current Canadian prime rate. Each loan is adjudicated
for approval under the exact guidelines of the program.
We spoke earlier of clients having a fear of
properly dealing with government, a business financing process, etc. Can that
be avoided? It sure can. Seek an expert such as a trusted, credible and
experienced Canadian business financing advisor who can literally fast track
you through the entire process within a matter of days, with your co operation
of course. Unlock the power of SBL loans to realize your business potential.
What’s So Little About the Small Business Government Loan In Canada ! SBL Guaranteed Financing
Simple Question – Is the Canadian SBL Government Small Business Loan Financing Right For You?
How to Get a Government Small Business Loan in Canada
How To Get A Government Small Business Loan In Canada – SBL Business Financing
Are You Eligible? Canadian Government Small Business Loan Qualifications – SBL Financing Is The Funding You’re Looking For !
Financing ? Eligible For An SBL ? – Why You Should Investigate the Canadian Small Business Government Loan
All You Need To Know About Canadian Government Small Business Loans – BIL Business Improvement Financing
Why Is The Canada Government SBL Loan For Small Business A Canadian Success Story
Exploring Government SBL Loans In Canada . The Can and Can’t Of The Business Improvement Loan
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 sr ed tax credit claims – Why a SRED Bridge Loan Make Sense
Don’t Fail to Investigate Canada Government Grants and Loans – The Small Business Loan Program Works!
Canada Government Small Business Loans . Let The SBL Loan Give You An ‘A’ In Canadian Business Financing
7 Myths Of The Canada Government Small Business Loan – Mom Never Told You This!
5 Things You Didn’t Know About The Government Small Business Loan In Canada - SBL Federal Loans Info
Guaranteed Car Loans
A ‘ How To ‘ Primer On Canada’s Government Loan . SBL Small Business Financing Makes Sense
Why The Canada Government Small Business loan Is Your Best Bet For Start Up Financing
5 Questions – 5 Answers On The Canadian Government Loan Small Business Program – SBL Funding
|
About the Author: Stan Prokop RSS for Stan's articles - Visit Stan's website Stan Prokop is the founder of 7 Park Avenue Financial . The firm specializes in business financing for Canadian companies in the areas of working capital , asset based lending, SR & ED tax credit financing, equipment financing, franchise financing and banking .
Click here to visit Stan's website   Should My Company Lease Or Buy Long Term Assets Asset Loans and Accounts Receivable Financing Solutions Film Tax Credit Financing Canada Cash Flow and Interim Working Capital Everything You Wanted to Know About Purchase Order Factoring and Inventory Finance in Canada What is the Financing Cost and Options of Different Sources of Financing |
Related Forum Posts
re: restaurant start-up
- I'm not sure about government grants for restaurants, but my recommendation would be to approach a lender that offers loans under the Canadian Small Business Financing Loan program where the government will guarantee 85% of the loan. You can borrow up to $250,000 to finance equipment and renovations under this program. Restaurants are very risky business, however some of the Chartered Banks will look at restaurants if there is enough of an initial equity investment and you have a solid business plan (experienced management team, good concept and strategic location).
Re: Quick Ways To Utilize SEO Effectively
- 1. If you dont want too much competition from other SEO's, choose your keywords precisely.For example, Instead of keyword Loan choose keywords like Bank Loan, Equity Loan, Student Loan, Home Loan etc. Order of keyword also matter for search engines. Search engine treats ?Loan Equity? and ?Equity Loan? as different keywords.
2. Best seo practice is to get at least one of your primary keywords in domain or sub domain name of your website. You can use hyphens (-) to separate multiple keywords.
For example: seo-service, seo-guidelines, free-seo each cover two keywords.
3. Get your second or third keywords in your directory name and filename.
4. Keep your webpage free from any syntax error, declare document type at the beginning and validate your HTML and CSS because search engine don?t like pages with too many errors.
5. Give a short Title in of your page in 3-9 words (60-80 characters) maximum in length containing your primary keyword. Remember it will be displayed in search results so choose wisely.
6. Try to include your most important keyword phrases in heading tags on your page if you can but keep in mind it should not be exactly same as title of your page. You can use (H1 H2 H3) tag for specifying anything important. To reduce size of heading use CSS.
7. Specify Meta keywords in heading of document. Limit it to 15 to 20 words. Although not all the search engines give importance but there is no harm doing it. Search engine like Yahoo still give it importance.
8. Write Your Meta Description tag attractive containing keywords because it will appear on the search engine result pages.
9. Use text for navigation menu instead of using images or Java scripts.
10. Try to include your most important keyword in hyper linked text and text and text that immediately precedes or follows the hyperlink. Do not use same keyword always use synonyms at few places. Just like instead of seo, I have use search engine optimization at many places on this page.
Re: I need a mailing address for office space in Toronto
- Jamie,
I hope someone replies that has an idea or even experience with this question. I am in need of the same concept. I need a mailing address in Canada and then register our business with the Canadian Government to begin selling products in Canada utilizing Canadian monies. Someone must have already accomplished this goal - share your success with others.
Dennis
seeking investors for global finance opportunity
- Phoenix Global Funding, Inc. is a Global Commercial Loan Brokerage, Merchant Bank, and a Business Consulting Firm that can work on commercial deals of all sizes. Our greatest strengths are revealed through our superior internet interface and our extensive private network of lenders and equity partners with which we can service any company on the planet by having the ability to broker and coordinate mergers, acquisitions, and funding of all kinds. As a full service commercial financial conduit we also provide valuation, business management, and profitability consulting. I am offering common stock ownership in Phoenix Global Funding, Inc. It is exciting to be in a position to be able to share not only ownership but profit in this latest project. Our business plan was developed from the oldest, most reliable and the most profitable business model ever created, LENDING. This is all about what the big boys do on Wall Street everyday. We are raising US$1,000,000.00 with share prices starting at $1.00. The exit strategy is in 3 years with a minimum 3 to 1 return on capital, plus a 20% profit share annually.
Re: Expanding to the US?
- We are an active Canadian Company that wants to expand into the US.
Is the best approach to division with another company?
Yes, we have a few companies in mind that we have been in contact with in the US. But we want to consider all our options first.
How do we do it on our own?
Example> Stantec is whole wide, how did they do it? Coke Cola sells world wide.
We are looking for any information to help get us started or point us in the right direction. Whether it's a great book or a website to check out.
How do we share a great Canadian company with the US market?
Thank you for all your ideas.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: 
Best Automated Forex Trading Strategy
Build Your List with Joint Venture Giveaway Events
May 2012 Top 100 Social Media Experts to Follow on Twitter
What to measure to be phenomenally successful in business
10 mistakes of media relations
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Work at home Opportunities for the Disabled
How Promotional Caps became a Fashion Trend
What Aweber Can Do For Your Online Business
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.