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Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.

One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.

Business Loans In Canada

Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.

1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general

2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing

3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company

Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!

A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!

When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.

How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.

Three basics always emerge when it comes to your search for the right business capital and financing.

1. The amount of financing you need

2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders

3. How the financing is structured to be manageable with your day to day operations

What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business

Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:

A/R Financing / Factoring / Confidential Receivable Finance

Inventory finance / floor planning / retail inventory

Working Capital term loans

Unsecured cash flow loans

Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.

Royalty finance

Asset based non bank business lines of credit

Tax credit financing (SR&ED bridge loans)

Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.

Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.

If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.

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

His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.

Many of you often ask us if A Levels online are worth considering in order to gain a recognized qualification or if you have left it too late to study A Levels, as part of your career progression.

Suggested article: A Level Courses Online

A Levels, known as ‘Advanced Level qualifications’ are normally introduced for students aged 16 and above. The term of the A Level qualification would normally be two years, although learners choosing to study through online learning, can normally fast track and complete this much sooner. UCAS points will be available, which will go towards University applications.

Learners also have the option to complete AS Level only and will still receive UCAS points, depending on grades achieved.

Do I need A Levels for University?

Most universities insist that potential applicants have a good mix of basic Maths and English Level 2, together with Level 3 qualifications or A Levels in order to secure a place with them. When considering applying to University, the first thing we recommend you should do is contact them and ask what the entry requirements are for the specific degree you are considering studying as you cannot leave this to chance. We have had students come to us at the eleventh hour, desperate to study a specific subject in a short space of time because they did not ask this simple question.

Can A Levels go wrong?

In an ideal world, many would complete their A Levels in sixth form at a conventional school or college, then progress to college or university. However, this does not always go according to plan and for one reason or another, you may not have had the opportunity to gain your A Level in a school or college setting.

A classic example is a Covid-19 pandemic, where many students were expected to sit their exams in the normal way and were then told that due to the cancellation of exams, their results would be based on predicted grades. This worked for some learners as they had worked hard on any assessments submitted to their Teacher but for others who hadn’t really made the effort, relying on studying hard for their examinations; it did not bring the desired effect with low grades submitted.

We then had a second year of canceled examinations, again something that no one was prepared for. The results of this, we are still awaiting, but I am sure that there will be learners receiving grades they were not expecting.

There have also been other reasons learners have been unable to achieve their A Level qualification. As an example, we were approached by Jason, who had been keen to study A Level Computer Science at school but during his first year, he had become extremely ill and was not able to complete his second year. This is one of our extremely popular courses as this can lead to various career paths such as Application Analyst, Business analyst, Data analyst, Games developer, etc. We enabled Jason to complete his second year of A Level Computer Science and he then went on to study a degree at university managing to get himself back on track.

Suggested article: A Level Computer Science Online Course

Are there any age restrictions for studying A Levels?

Not everyone is suited to studying with an online learning college though and we have found that learners of all ages enrol with us, as there appears to be no set criteria for applicants. As they say ‘it is never too late to learn and everything changes so fast, we have to keep up to date with it.

Suggested site: Learn Now Distance Learning College

One of the things we have found with learners is that you really need to be self-motivated and able to work autonomously. This is difficult if you feel you can only work in groups with your peers and do not feel you can set yourself a timetable and stick to it, thus avoiding distractions. We have found that using your Lesson Plan helps considerably as this sets out which modules should be completed and when. This can give you a certain amount of structure and ensure that you stay on track throughout your course.

It would seem that there are always options to complete your A Levels, whether online or studying at a school or college. It is a case of you deciding the best options for yourself.