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Monday, January 27, 2014

How To Get A Govt Loan In Canada. SBL Government Bu !ne "or T#e e $ % e Loan

&' THIS (A) I' CA'A(IA' B%SI'*SS HIST&+) , JA' 27-1..4 / 'ort# Amer!0an "ree Trade A1reement 2 'A"TA3 1oe !nto e44e0t, 0reat!n1 a 5otent!a6 tar!44 4ree 7one !n Canada, t#e %S and Me8!0o 'This doesn't seem to work when I cross border shop in Buffalo' - Stan Prokop

$ 9 T#!n1 )ou (!dn:t ;now A<out Gov:t Guaranteed Loan In Canada

&=*+=I*> ? In4ormat!on on SBL 1overnment <u !ne 6oan !n Canada . Canad!an <u !ne owner and 4!nan0!a6 mana1er want to @now #ow to 1et a 1ovt 6oan and #ow t#ey are u ed and w#at t#ey are not a55ro5r!ate 4or

Government <u !ne 6oan are a constant topic issue we discuss with clients who are wondering how to get a govt loan in Canada. In realit there are numerous! " in fact uses for this t pe of financing ! and despite the frustration we hear about from man business people and entrepreneurs ou would be surprised at how straightforward the program is - if ou have the right information and help. #et's dig in. $an business owners% managers can be forgiven for failing to understand the govt role in this program. The are in fact not the' direct lender' per se& the are simpl the originator and administrator of the program! under the auspices of I'()ST*+ C,',(,. . So who in fact ' lends' our firm the mone - 'o surprise it's our Canadian chartered banks - our goal is to find a local bank or banker that supports and understands the program. In the school of e.perience we've found the tuition in finding those bankers somewhat e.pensive/ +our best bet is often to seek the e.pertise and skills of a tru ted, 0red!<6e and e85er!en0ed Canad!an <u !ne "!nan0!n1 Adv! or w!t# a tra0@ re0ord o4 u00e who can assist ou in fast tracking an approval if ou meet the straightforward guidelines. So about those uses for 1overnment <u !ne 6oan in Canada. 0irst of all man will be surprised that ou can utili1e the loan 2commonl called an 'SB#' to ac3uire an entire business. It's a straightforward process - all ou will need is our offer to purchase! a business plan! and the e.isting financial statements of the business ou are ac3uiring. The loan will finance 2to a ma.imum of A$0;3 all assets and leaseholds of the compan ou are looking to ac3uire. ,nother solid! in fact ver solid! use of the program is to a0Bu!re a 4ran0#! e. 4ther than dealing with ver speciali1ed franchise finance firm government business loans are a great and popular wa to finance a franchise. #ooking to ac3uire 0ommer0!a6 rea6 e tate for our business. In man cases this involves owning the propert our business occupies. SB# loans finance real estate up to

C$00,000.00 on amorti1ations of 5-67 ears. ,lthough we don't often see this t pe of deal as opposed to a commercial mtge. ou should at least know it8s available/ Starting up- $an ' D tart u5 D businesses in Canada have a lot! and we mean a lot of problem sourcing financing. The govt SB# loan program finances start ups and can be a great initial vehicle to get our business pro9ect or idea going. 0inancing benefits under the program even match the financing the big bo s themselves can't even get - i.e. repa ment without a penalt ! limited personal owner guarantees! etc.

:hen it comes to financing assets man Canadian businesses gravitate to eBu!5ment 4!nan0!n1 in Canada for fi.ed asset ac3uisition. ;owever government business loans also a solid mechanism to ac3uire e3uipment under generous amorti1ations and good rates. The SBL 5ro1ram has solid benefits and terms. Those terms include rates of onl <= over prime! limited personal guarantees! long amorti1ations! no repa ment penalties! and the abilit to access business credit that ou might not be able to achieve directl through banks or commercial finance firms. But didn8t we sa there were " 6%> things ou might not know -:hat's that other half about- It's our wa of reminding clients that the loan is not used for cash loans or working capital lines of credit so don8t make that mistake when ou re3uire cash flow financing. Toda 8s take awa - Prett simple - when ou are looking at how to get a govt loan seek out the right e.pertise to ma.imi1e full benefits and use of this method of financing a Canadian business.

Stan Ero@o5 - 7 Ear@ Avenue "!nan0!a6 , #tt5,--www.75ar@avenue4!nan0!a6.0om Business financing for Canadian 0irms ! speciali1ing in working capital! cash flow! asset based financing ! ?3uipment #easing ! franchise finance and Cdn. Ta. Credit 0inance . 0ounded >77@ - Completed in e.cess of A7 $illion B of financing for Canadian corporations . Info %Contact C

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C&'TACT, 7 Ear@ Avenue "!nan0!a6

South Sheridan ?.ecutive Centre >A67 South Sheridan :a Suite <76 4akville! 4ntario #DE 5EF (!re0t L!ne G @6D <6A "5DA &44!0e G A7" F>A >D"<

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Stan Ero@o5