Steps To Commercial Business Financing Options

Posted by Jason Seals on September 1st, 2019

 

Business financing options are provided by a number of nonbank specialized finance companies in Canada. They provide an array of corporate solutions, all of them different but still allowing you to achieve cash flow and working capital goals. They are in fact, the answer to.. you guessed it ' no bank financing' conundrums.

The Google for business owners and financial managers is to identify and execute on who those sources are and what they can do for your company. Many companies, and industries, in fact, have specialized needs.

When you think of the right type of business financing for your company it's important to think of senior and junior! What do we mean by that comment? Simply that a senior lender will want all the security on your business, typically handled by a document called the G S A - General Security Agreement. It then becomes a challenge to source other types of cash flow and debt solutions which can't be monetized.

A good example of a senior lender is Canadian chartered banks. But when that source of capital isn't available many firms these days choose asset-based lenders, allowing them to draw on various assets of their business but with more flexibility.

In some cases your business might need a ' bridge loan' - they solve temporary capital shortages.. they are a ' bridge' to the future refinancing of your business.

Leasing companies are one of those specialized asset lenders that financing both new and used equipment, even software. While many firms think they are eligible for VC or private equity financing, in fact, they are poor candidates for that type of financing. Many owners and financial managers spend a lot of time and money going down the venture capital/equity path, only to find they are not ready for this type of capital solution.

Is there a bottom line? We think so, Simply that if you are looking for a commercial finance company for debt and cash flow solutions alternative nonbank lenders are a great choice.

What types of financing can be achieved through alternative lenders? In fact, they abound and business solutions are available in receivable financing, asset-based business lines of credit, tax credit financing, sale-leaseback strategies, franchise loans, receivable financing.. also known as ' factoring ', etc

Seek and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of success when looking for a nonbank commercial finance company in Canada.

Stan has had a successful career with some of the world's largest and most successful corporations.

Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing, and human resources. Stan has worked with startups and public corporations.



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