Business Loans In Canada: Financing Solutions Via Alternative Finance & Traditional Funding

Business loans and finance for a business just may have gotten good again? The pursuit of credit and funding of cash flow solutions for your business often seems like an eternal challenge, even in the best of times, let alone any industry or economic crisis. Let’s dig in.

Since the 2008 financial crisis there’s been a lot of change in finance options from lenders for corporate loans. Canadian business owners and financial managers have excess from everything from peer-to-peer company loans, varied alternative finance solutions, as well of course as the traditional financing offered by Canadian chartered banks.

Those online business loans referenced above are popular and arose out of the merchant cash advance programs in the United States. Loans are based on a percentage of your annual sales, typically in the 15-20% range. The loans are certainly expensive but are viewed as easy to obtain by many small businesses, including retailers who sell on a cash or credit card basis.

Depending on your firm’s circumstances and your ability to truly understand the different choices available to firms searching for SME COMMERCIAL FINANCE options. Those small to medium sized companies ( the definition of ‘ small business ‘ certainly varies as to what is small – often defined as businesses with less than 500 employees! )

How then do we create our road map for external financing techniques and solutions? A simpler way to look at it is to categorize these different financing options under:

Debt / Loans

Asset Based Financing

Alternative Hybrid type solutions

Many top experts maintain that the alternative financing solutions currently available to your firm, in fact are on par with Canadian chartered bank financing when it comes to a full spectrum of funding. The alternative lender is typically a private commercial finance company with a niche in one of the various asset finance areas

If there is one significant trend that’s ‘ sticking ‘it’s Asset Based Finance. The ability of firms to obtain funding via assets such as accounts receivable, inventory and fixed assets with no major emphasis on balance sheet structure and profits and cash flow ( those three elements drive bank financing approval in no small measure ) is the key to success in ABL ( Asset Based Lending ).

Factoring, aka ‘ Receivable Finance ‘ is the other huge driver in trade finance in Canada. In some cases, it’s the only way for firms to be able to sell and finance clients in other geographies/countries.

The rise of ‘ online finance ‘ also can’t be diminished. Whether it’s accessing ‘ crowdfunding’ or sourcing working capital term loans, the technological pace continues at what seems a feverish pace. One only has to read a business daily such as the Globe & Mail or Financial Post to understand the challenge of small business accessing business capital.

Business owners/financial mgrs often find their company at a ‘ turning point ‘ in their history – that time when financing is needed or opportunities and risks can’t be taken. While putting or getting new equity in the business is often impossible, the reality is that the majority of businesses with SME commercial finance needs aren’t, shall we say, ‘ suited’ to this type of funding and capital raising. Business loan interest rates vary with non-traditional financing but offer more flexibility and ease of access to capital.

We’re also the first to remind clients that they should not forget govt solutions in business capital. Two of the best programs are the GovernmentSmall Business Loan Canada (maximum availability = $ 1,000,000.00) as well as the SR&ED program which allows business owners to recapture R&D capital costs. Sred credits can also be financed once they are filed.

Those latter two finance alternatives are often very well suited to business start up loans. We should not forget that asset finance, often called ‘ ABL ‘ by those Bay Street guys, can even be used as a loan to buy a business.

If you’re looking to get the right balance of liquidity and risk coupled with the flexibility to grow your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of business finance success who can assist you with your funding needs.

Top 7 Tips To Keep In Mind When Considering Online Payday Loan Lenders

Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken a look at depending on the age of the student. After first taking a look at the many different categories of science projects, you will be able to locate a suitable choice of topic to take to the next level.There is a wide variety of categories that fall under the types of science projects that can be chosen for a school science fair. These include biology, chemistry, physics, microbiology, biochemistry, medicine, environmental, mathematics, engineering, and earth science. While you may not have yet learned very much in any of these categories, don’t be afraid to see what each one entails. Taking a good look at your interests will allow you to focus on the right direction to take.Many resources are also available for those who are unsure as to the topic they are wanting to use to create their science projects. If you take a look at the topics that fall under the biology category, you will likely notice that there are topics that deal with plants, animals, and humans. For those who are in 2nd grade or 3rd grade, an interesting topic may be to determine if ants are picky over what type of food they eat. While this topic might not be of interest to an 8th grader, it is certainly something in the biology category that an elementary school student would enjoy.Along with the biology category, a high school student may want to take a look at diffusion and osmosis in animal cells as this would be a more appropriate topic for the grade level. A student in 6th grade would be more advanced than an elementary school student, but not as advanced as a high school student. At this middle school grade level, a topic of how pH levels effect the lifespan of a tadpole may be of interest.Whichever resource is used to locate a topic for science projects, it is always a good idea to consider the grade level of the student prior to making a selection. It is always assumed to be best to have a project at an appropriate level in order to keep the attention of the student and provide a fun and enjoyable learning experience.

Telecommunication Business of Your Own Will Lower Your Phone Bill

A Telecommunication Business allows you the possibility of making money every time you pick up the phone, or go onto the internet. People say it is impossible, but is it? Telephone companies and electric companies have been doing it for over 100 years.When the government began to break up the telephone companies and made it possible for independent electric companies to compete, the door was opened to telecommunication business opportunities. This is really not a new type of business, and it not a get rich quick scheme. It is a highly respected and profitable home based business when treated as a business.You will need to do your research about the telecommunications industry before anything else. You will technically be buying a franchise, so you may incur start up costs that could be substantial. However, depending on the company you decide to go with will change the start up costs. Some have no fee to start while others can run into the thousands of dollars. See what each company offers and then decide which is best for you.When looking at these telecommunications companies you want to check several things. One that has been mentioned is the start up costs. Check also to see if there are any other fees that are incurred monthly. Another consideration would be compensation, and residual income.Compensation within each company is different. Their compensation telecommunication business affiliates runs from 0% until you reach a certain level in the company, up to 20% from the day you begin. You need to find a compensation plan that is right for you.You should also look at the residual income and see if it is offered. This is income that you will continue to receive even after you retire. There are companies who offer no residual income until you get to a certain level, and other companies that offer it for two generations after your death. You need to be comfortable with the residual income before you decide.You should also consider what services the company will offer to your customers. Each company offers general telecommunication services for their affiliates, but some offer additional services and have plans to expand. Check all of this out before deciding on the company.Something else you may want to consider is if the company will help you market your telecommunications business. Do you want a website, only word of mouth, or both? See what each company has to offer and decide which marketing option will fit you best.Hopefully one company will have many of the options at the levels you want. However, chances are you will have to compromise on one or more options. Decide what is really important to you before making your final decision.Once you have joined a company as an affiliate, you will want to switch your home and business telephone company to your own. If the service is available, change your internet too. The best way to save money and actually make money is to take advantage of the services yourself.Many affiliates focus on one group of customers, such as the general public, college students, older persons and families. Others focus on businesses, such as home based, small, mid-size, or corporate businesses. Choose a group or don’t play favorites. That is one of the best reasons to start your own business, the choices are yours and they are endless.It is imperative that you keep up with the trends in the industry. Go the parent companies website regularly, subscribe to newsletters and telecommunication business periodicals. By knowing the future you can expand your client base, and keep the clients you already have happy.This is definitely not a get rich quick plan. It does take a lot of work. Maybe start it as a part time job and as it grows you can change the goals and your life. The options are endless. With time and effort, this could be a rewarding career for people wanting to make a difference, and willing to work hard.Look into it now. Research the companies, and then decide if a home based telecommunications business opportunity is the right business for you.