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.

Instant Online Health Insurance Quote – Get Free Quotes Fast

More and more people are going online for health insurance quotes. There are now online websites where you can get instant online health insurance quotes from major insurance companies. Right now, you can go to the end of this article and find links to instant insurance quote websites.Low Cost Health Insurance PlansShopping for health insurance doesn’t have to be complicated. Start out by requesting free quotes from an online insurance quote website. These websites specialize in finding the most affordable health plans for your situation. Depending on your needs, you will get quotes ranging from basic coverage to a more comprehensive type of plan.Today’s basic health coverage plans start as low as $130 per month for an individual. Basic plans usually cover catastrophic illness and injury while a more deluxe plan covers catastrophic care as well as doctor visits, prescriptions, and other medical benefits.One plan that is gaining popularity fast is the (HSA) Health Savings Account tied to a (HDHP) High Deductible Health Plan.) The high deductible insurance plan covers your catastrophic medical benefits and the health savings account is used for small medical bills and deductibles. Together they form a well rounded plan for quite a bit less than conventional health insurance plans.Instant Online Health Insurance QuotesOne of the best ways to learn more about affordable affordable health insurance is to go to an insurance quote website and request free quotes. Immediately after you complete their short form, you’ll get several low cost HSA, HMO, PPO, and POS quotes while still online. After you have your quotes, you can compare plans and visit their websites for more detailed information.

Why is Nutrition Important – 3 Reasons Why Good Nutrition is So Important?

If you want to improve your nutrition, there are three things you need to know, to live a longer and healthier life. They are a balanced diet, the nutritional value of your food and the exercise you do.I will explain each of them in this article, and show how you can use them to achieve your own nutritional goals.Why Is Nutrition Important in a Balanced Diet?
Obtaining a balanced diet is only worthwhile if you make sure that the food you eat has real nutritional value and you do sufficient exercise to complete the circle.A balanced diet requires eating a good variety of whole foods – fruit, vegetables, grains and protein sources such as beef, chicken and fish.Our bodies are about 70% water and need a regular supply of water to maintain the optimum level. We can live without food for some time, but not water.Why Is Nutritional Value Important?
Increasing the nutritional value of your food requires avoiding highly processed foods and reading of food labels to ensure that the food contains what we expect and does not contain hidden sugars, saturated fats and sodium.
Much of the food available to us is so processed that it retains very little of the original nutrients. We need to search for food that retains its nutritional value to us and eat a much higher percentage of this type of food.
In general, we should avoid drinks with additives, such as sugar and flavouring or keep them to a minimum. Soft drinks will provide the liquid we need, but have limited nutritional value, so are best avoided.Why Is Nutrition Important for Exercise?
Exercise should be considered as a very important part of a nutrition triangle which include the food we eat and the water we drink. Sufficient exercise is vital to our well being.Exercise consumes calories that we need to replenish, or use to remove fat stored in the body. High levels of exercise require an equivalent level of nutrition to maintain a healthy balance.The quantity of water we require will increase with the level of exercise, and our calorie consumption also increases with our exercise level.We gain energy from the food we eat, so it is important to eat sufficient food with good nutritional value. A balanced diet results when we eat a very good variety of food.If we wish to lose weight, we can use exercise to burn up excess calories and monitor our nutritional intake to maintain or improve our health.We need to balance the level of our exercise with our nutritional and water intakes.