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  • I Advice - Business Financing Options for Canadian Companies

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    If the business sells goods or services to other businesses and your main challenge is that the

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    One of the biggest challenges for Canadian company owners is obtaining business financing. As a first instinct, owners usually try to go to the bank hoping for a business loan or line of credit. They soon find that qualifying for bank financing is hard, as the bank will demand collateral and three years worth of financial statements. Although large companies can qualify for bank funding, most small and midsized companies can’t. However, small companies are not out of options. There are two alternatives.

    If the business sells goods or services to other businesses and your main challenge is that the

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    ally try to go to the bank hoping for a business loan or line of credit. They soon find that qualifying for bank financing is hard, as the bank will demand collateral and three years worth of financial statements. Although large companies can qualify for bank funding, most small and midsized companies can’t. However, small companies are not out of options. There are two alternatives.

    If the business sells goods or services to other businesses and your main challenge is that the

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    is hard, as the bank will demand collateral and three years worth of financial statements. Although large companies can qualify for bank funding, most small and midsized companies can’t. However, small companies are not out of options. There are two alternatives.

    If the business sells goods or services to other businesses and your main challenge is that the

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    ualify for bank funding, most small and midsized companies can’t. However, small companies are not out of options. There are two alternatives.

    If the business sells goods or services to other businesses and your main challenge is that the

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    re two alternatives.

    If the business sells goods or services to other businesses and your main challenge is that they need money to pay suppliers or employees, the solution could lie in using two little known financing products – invoice factoring and purchase order financing.

    Most small and midsized businesses have cash flow problems because clients take 30 to 60 days to pay their invoices. Although waiting to get paid is a standard business practice in Canada, it can wreak havoc on the company’s finances. Because, while waiting to get paid, business owners still have to pay employees and s

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