Steps to Commercial Business Financing Options

Website design By BotEap.comTrade finance options are provided by a number of specialized non-bank finance companies in Canada. They provide a variety of corporate solutions, all of which are different but still allow you to achieve your cash flow and working capital goals. In fact, they are the answer to… you guessed it ‘no bank financing’ conundrums.

Website design By BotEap.comThe challenge for business owners and financial managers is to identify and execute who those sources are and what they can do for their business. In fact, many companies and industries have specialized needs.

Website design By BotEap.comWhen thinking about the right type of business financing for your business, it’s important to think senior and junior! What do we mean by that comment? Simply that a senior lender will want all the security in their business, usually handled by a document called a GSA – General Security Agreement. So it becomes challenging to get other types of cash flow and debt solutions that can’t be monetized.

Website design By BotEap.comA good example of a prime lender is Canadian chartered banks. But when that source of capital isn’t available, many businesses these days choose asset-based lenders, allowing them to tap into various assets of their business but with more flexibility.

Website design By BotEap.comIn some cases, your business may need a ‘bridge loan’: they solve a temporary shortage of capital… they are a ‘bridge’ for the future refinancing of your business.

Website design By BotEap.comLeasing companies are one of those specialized asset lenders that finance new and used equipment, including software. While many companies think they are eligible for VC or private equity financing, they are actually poor candidates for that type of financing. Many owners and financial managers spend a lot of time and money going down the equity/venture capital path, only to find that they are not ready for this type of capital solution.

Website design By BotEap.comIs there an end result? We think so, simply that if you are looking for a commercial finance company for debt and cash flow solutions, alternative non-bank lenders are a great option.

Website design By BotEap.comWhat types of financing can be achieved through alternative lenders? In fact, they abound and business solutions are available in accounts receivable financing, asset-based business lines of credit, tax credit financing, sale-leaseback strategies, franchise loans, accounts receivable financing… too. known as ‘factoring’, etc.

Website design By BotEap.comFind and speak to a trusted, credible and experienced Canadian Business Finance Advisor with a track record of success in finding a non-bank business finance company in Canada.

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