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SMALL BUSINESS LOAN PROGRAMS CANADA |
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Small businesses are an important part of Canada’s economy, but they face unique challenges when they look for financing.
The Canada Small Business Financing Program helps you with your financing needs. Under the program, the Government of Canada makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
Specifically, if a borrower defaults on a loan, Industry Canada is responsible for 85 percent of any eligible loss under the program. The lender is responsible for the balance of the loss. |
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The programs main objectives are: |
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- To help new businesses get started and established firms make improvements and expand;
- To improve access to loans that would not otherwise be available to small businesses; and
- To stimulate economic growth and create jobs for Canadians.
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On average, the program helps small businesses access about 11,000 loans worth more than $1 billion each year. |
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Who is Eligible? |
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Small business operating for profit in Canada, with gross annual revenues of $5 million or less. |
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What is Eligible for Financing? |
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CSBF loans can finance up to 90 percent of the cost of: |
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- The purchase or improvement of real property and immovables;
- The purchase of leasehold improvements, or improvements to leased property; and
- The purchase or improvement of new or used equipment.
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The maximum loan amount a small business can access is $250,000. |
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SMALL BUSINESS LOAN PROGRAMS USA |
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The Small Business Administration is Congressionally mandated to assist the nation’s small businesses in meeting their financing needs. The agency’s small business loan programs enhance the ability of lenders to provide long and short term business loans to small businesses that might not qualify through normal business loan channels.
There are basically four types of Small Business Administration business loans and equity investment programs available: the 7(a) Business Loan Guaranty Program, the 7(m) MicroLoan Program, the 504 Certified Development Company Business Loan Program and the Small Business Investment Company Program. |
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Small Commercial Financing |
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- Loan amounts from $100,000 to $ 1.5 Million
- No income verification required
- No asset verification required
- Up to 90% first lien
- Mixed use – Store from w/apartments, Multi-Family 5+ Units, Office Buildings, Strip Plazas, Stand alone Buildings, we will consider other types on a case by case basis
- Debt Consolidation -- Refinance – Purchase
- Owner occupied and Investor
- Fixed Rate and Variable Rate Mortgage Available
- Up to 30 year Ammortization
- All Credit History Types Considered
- Fast Closings
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Equipment Financing – “New or Used” |
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- Office Equipment/Furniture
- Restaurant
- Telephone Equipment
- Construction
- Medical
- Automotive
- Industrial
- Machinery
- Transportation
- Manufacturing
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Large Commercial Financing |
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- Loan Amounts from $ 1.5 Million to $ 10 Million Plus
- Debt Consolidation – Refinance – Purchase
- Business and Corporate Financing
- Owner Occupied and Investor
- All Property types considered
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Working Capital |
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Reflects the liquidity of a company and its ability to meet its short term obligations. Working Capital is determined by subtracting total current liabilities from total current assets.
Current assets are cash and other company assets that can be readily turned into cash within one year.
Current liabilities are the liabilities of a company due and payable within one year.
For a company to remain solvent, it must be able to meet its current liabilities and thus have an adequate amount of working capital.
The amount of working capital considered adequate may vary from one company to another depending on the type of business, composition of current assets, inventory turnover rate and credit terms. |
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Merchant Financing |
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Simple Qualification |
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- Have you accepted Visa/MasterCard and/or Interac transactions for at least 6 months?
- Is your monthly credit and/or debit card volume at least $2,500?
- Are all prior bankruptcies resolved?
- Do you have one year remaining on your current retail lease?
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