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Small Business Loans for start-up companies, guidelines for 2015

As most of our readers remember in our multiple articles in the past that  small business loans for start up are very challenging to obtain. Over the last 5 years, most schedule A banks, scaled down significantly their small business loan lending, government guaranteed loans also went through several years of complete silence. In this article we will go over some recent changes and guidelines from major lenders, in order to inform our clients and entrepreneurs with latest in this game of finance.

Most small business loans available for start-up businesses offered by WeCanFinancial.ca and our lenders are ranging from $150,000 to $250,000. There is a government guaranteed program that allows entrepreneurs to obtain up to $350,000.00 business loan without [...]

  • Small business loans for Medical offices and Doctors in 2015.
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    Small business loans and corporate finance for Medical offices and Doctors in 2015.

Small business loans and corporate finance for Medical offices and Doctors in 2015.

 
This article is a continuation of our series in regards to methods of financing for different segments of economy, professionals, businesses etc.
Many doctors recent graduates from med schools have substantial difficulties finding proper financing sources for their new practices. Medical equipment is expansive, and financing sources for purchase of such equipment are not readily available. Lease hold improvements, operating capital requirements, office equipment purchases and new employees hiring is also expensive. All of the above financing requests are not covered by the same financing products or small business loans for medical offices offered by institutions in Ontario. Therefore properly qualified financial advisor is required in order to structure the request.
Practicing doctors very often also looking to expand. [...]

  • Commercial Mortgage Rates dynamics, with lowered overnight prime rate.
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    Commercial Mortgage Rates dynamics, with lowered overnight prime rate.

Commercial Mortgage Rates dynamics, with lowered overnight prime rate.

 WecanFinancial always keeps track of latest development on Commercial Mortgage market, and small business loan market, this article is going to go in some details in regards to what’s happening in Canada at the moment. During first month of the 2015, Bank of Canada lowered its overnight lending rate from 1.0% to 0.75%. This quarter of percent cut came as somewhat a surprise to consumers. The reason for the cut is forefront thinking of the Bank of Canada, trying to fuel consumer spending and affordability of credit in light of massive oil price deflation. Even though the price of oil fell almost by 50%, most of the economist did not predict any significant economic impact on Canada overall. Of [...]

Business and Commercial loans in 2015

Happy New Year 2015, from WeCanFinancial.
We begin this 2015 with a forecast and update guidelines for small business loans, operating lines and commercial loan transactions in a new 2015.
Small business loans, in Canada are not expected to become much easier to get. Financial regulations are expected only to get tighter, therefore obtaining cash flow loans, or loans without specific spending target will be tough or even tougher to achieve. Most companies and entrepreneurs looking for small business loan, to expand their business, further develop operations or invest into research and development, will have very similar difficulties as in 2014. As we normally advise our clients, it’s important to start right. Preparing well written, professional business plan is [...]

  • Small business loan versus operating line loan
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    Small business loan versus operating line loan, comparison, pros and cons

Small business loan versus operating line loan, comparison, pros and cons

Many of our clients and entrepreneurs overall, normally have very different understanding when it comes to small business loans, and operating lines. Normally small and medium size business owners hear about intricate solutions other entrepreneurs got through their contacts or network of friends and looking for similar solutions based on the experience and information outside of sophisticated finance circles. This article will concentrate on explanation of small business loan scenarios and operating line scenarios, and will discuss pros and cons for small and medium business.
WeCanFinancial.ca started as a consulting firm for small business loans, and then added other types of financing such as operating lines, inventory financing, invoice factoring, commercial mortgages and private equity loans. Small business loans [...]

  • Business finance and solution to reduce monthly capital costs
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    Business finance and solution to reduce monthly capital costs.

Business finance and solution to reduce monthly capital costs.

Very often our clients come to us and request analysis of their monthly capital costs to see if we can reduce monthly expenses and carry costs. Entrepreneurs almost always are short on cash and on lookout for additional business funding sources. Company, growth, business development, marketing expenses, equipment purchases and new employee hiring all adds up. WeCanFinancial.ca and our team of small business loan professionals and corporate financiers have financed hundreds of businesses. They have also followed up and advised on how to make our client’s businesses leaner and meaner. This article will concentrate on techniques on how to cut more fat out of the business and direct resources in the most profitable business manner possible.

Small business loans and [...]

Small business loans with inventory financing

This article will concentrate on discussion of inventory financing through small business loans programs available in Ontario. Also we will touch on some other techniques how to make inventory funding more efficient.
Most entrepreneurs are keeping inventory at the size that is required by their business. Once business grows and develops, inventory requirements grow as well. Financing is always needed for multiple uses in the business operations, therefore financing inventory sometimes becomes a difficult task. There are many different ways how inventory financing could be arranged through small business loan financing. We will discuss some of the techniques.
When writing a business plan, and implementing a business plan, inventory growth should always be overstated rather than understated. Inventory is what [...]

  • Personal financials, experience and other requirements for small business loans in Ontario.
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    Personal financials, experience and other requirements for small business loans in Ontario.

Personal financials, experience and other requirements for small business loans in Ontario.

During our latest articles we received quite a bit of inquiries in regards to obtaining start up financing and small business loan financing for existing small businesses. A lot of entrepreneurs in search of operating capital and development seed capital sometimes are asking for too much. Very often business owners have unrealistic expectations on what can be expected from the finance industry. In this article “Personal financials, experience…” we will discuss some of the most important items in qualification process for small business loan financing.
Wecanfinancial.ca has a team of associates with over 30 years’ experience in private equity, corporate finance and small business finance. When it comes to funding small businesses entrepreneurs have to know the basics of [...]

  • Small business loans, with commercial mortgage and operating line
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    Small business loans, with commercial mortgage and operating line.

Small business loans, with commercial mortgage and operating line.

Many entrepreneurs and business owners, refer to us with deals having real estate component and sometimes operating line request. This could be related to a purchase of a new location, and cash on top of it in order to pay for renovations, moving and other cash flow requirements. Wecanfinancial.ca has great experience in operating line, small business loans combination with a commercial mortgage placements and are prepared to serve business owners at the best level of service.
Our associates generally advise entrepreneurs to include small business loan financing or operating line financing every time commercial mortgage is required. This combination allows a well-funded property acquisition with enough cash on hands to execute business transition. Properly prepared business plan, and [...]

Financing solutions for transportation and logistics firms

Small business loans options for logistics and transportation companies – financing solutions.
This article will concentrate on small business loans options for logistics companies and transportation companies, looking to expand, purchase new equipment, trucks or IT infrastructure. As with most small business loans options, logistics and transportation is a challenging segment of economy. With fuel prices up by 200% over last 5 years, net cash flow of most logistics companies fell by 50%-60%. Therefore making money became much more difficult, hence financing became even more difficult.  Wecanfinancial offers our clients small business loans for a purpose of acquisition of trucks and trailers, purchase or upgrade of IT infrastructure, operating capital, and sometimes we offer invoice factoring. Further we will [...]