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.

Site Promotion – Simple Website Promotion Tactics That Work

Website promotion is not difficult – it can just be repetitive and boring, and that’s where automated site promotion tools can really help you. Below are several tips that will help you promote your sites and grab the #1 position in Google.Tip 1. Be realistic, you aren’t going to get the #1 spot in Google for keywords that have lots of competition but If you target the right keywords the you will have a great chance of achieving that elusive number 1 spot.Tip 2. Don’t be over reliant on SEO. Set up your title, keywords and description and make sure to use your keywords in each article of post on your site. If possible use a keyword related domain name. Using just these basics I regularly get the #1 spot for keywords with over 6,000,000 competing pages.Tip 3. Promote your sites slowly. If there is one thing guaranteed to hinder your site promotion it’s suddenly getting hundreds of back links to your site. Google likes site to get links gradually so take your time …remember the hare and the tortoise?Tip 4. Where possible use automated site promotion tools. These can save you hours of work in getting your site to those top spots. But remember Tip3 and use them sparingly, establish a routine there you promote each site once every month and you’ll soon notice the difference.By employing just these simple and easy methods you can start to see the positive effects that proper site promotion can have on your income. Establish a regular regime and you’ll soon be on your way to an excellent online income.

Parking Facilities Near Airports – How to Decide Where to Park Your Car When You Travel

Parking is probably one of the biggest concerns travelers have when deciding to fly. The safety and security of airport parking can be lacking, however the prices still tend to be astronomical. In most areas alternative parking lots are usually available for less. These facilities are often secure due to fact people fly at all hours of the day and night. While these facilities are a bit further away, most will offer complementary shuttle service to and from the airport.Offsite parking lots are usually located in a well lit areas. Many of these areas will park the car for you and will bring the car up to the front near the kiosk. Not only do they offer great customer service, but most of them have extremely competitive pricing options. In metropolis you can get ones that offer monthly rates for frequent travelers, saving big bucks. Other discount programs are corporate frees, referral discounts, and cheaper long term parking.With so many features at lower rates, terminal parking at the airport is being challenged. If you’ve ever driven around an airport lot looking for a spot for an hour, you know the frustration. Offsite parking areas know in advance when their lot is full, so you don’t have to waste time or money.Remember that not all parking areas are created equal. Sure, you might be able to find a great deal offsite, but be sure to research the business before using their facilities. There are reports of credit card scammers and con artists setting up “fake” lots that they don’t even own. Check to see if the service has a professional website and that there aren’t any complaints filed against them.Parking facilities near airports can be a cost effective way to save money with the added services and benefits that business competition provides. Remember to be smart and observant when using these facilities, especially if you are travelling alone. Check for well lit easy to find areas that are located near major areas.