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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.

Beginning Home Schooling

All of the Unites States’ fifty states have legalized home schooling, but each state has their own unique guidelines and rules about the entire process of this form of education. Parents who are interested in their children starting homeschooling should first do research about the guidelines and laws that their resident state has. Parents should also do research about the proper steps that need to be followed in order to begin a curriculum.Some research results have stated that children who are taught at home place in the 89 to 90th percent in the national standardized test. This is sometimes one of the reasons that parents choose to home school their children, they want to give them to have the best education possible. Another reason that some parents have said they choose to home school their children are that they can also include religion as a part of their studies and that this helps to strengthen their family bond. Some parents also feel that when their children are taught at home they are safer than they would be at school; this feeling probably intensifies after tragedies of school shootings are reported on the news. When families need a little more flexibility in their lives or just want to really have control over what their children learn may be attracted to the idea of home schooling. When flexibility is desired it is not only about being flexible in regard to time, but can also be about the methods that are used.Parents who are considering schooling at home as an option should locate groups that are in their state. These groups give parents access to a lot of useful information and helps the transition go easier. Parents who are new to the world of homeschooling can help themselves from making the most common mistakes when going through this process by talking to others who are more experienced and have a greater amount of knowledge on the subject. Also, by talking to others and doing research a parent will be better equipped to identify important pieces of information that will help give their child or children the best educational experience possible.There are many different methods of schooling that parents can choose so it is best if parents can make themselves aware of their children’s learning mannerisms. When parents conform to their child’s habits as far as learning goes the process will probably be easier and more effective.Before jumping into the choice to home school all the information should be reviewed including any expenses that are associated with this choice, it might even be necessary to create a budget.

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Why The Best Movie Theatre Near Me Should Also Serve Dinner

At a time when I find myself trying to have it all without compromising a single thing, it would seem this attitude should involve all parts of my life, including my leisure time. As such, I’m going to say it out loud without fear of reprimand – I think that the best movie theatre near me should also serve dinner.There. I said it. Now, many of you may be wondering how in the world I could have the nerve to demand a full meal while also taking in a new, first-run movie. It all comes down to the basic idea of trying to adapt to the maniacal pace we live life at nowadays.You hear it all the time from friends, family, and co-workers. Day in and day out, there just doesn’t seem to be enough time to do anything. Whether you still use an old-school day planning calendar or are partial to the digital version on your smart phone, it feels as though we have to schedule every part of our lives so that we can dedicate some time to the endeavor at hand. It seems that even the simple pleasure of eating & watching a movie isn’t beyond the reach of our greedy schedules.So, yes, I think that the best movie theatre that I have close to me should be able to provide options for not only watching a great movie but also having an actual meal beyond the usual theatre fare. Convenience is certainly at the top of the list for this demand. I’d like to believe that being able to go two places wouldn’t be hard to do, but I also know I feel like I’m wasting time. For example, if I go have dinner, I’d say I may take an hour from start to finish. I’ll drive to the local theatre for a movie, and if I’m able to start watching fairly soon, I’m looking at about a two-hour investment. My little “dinner & a movie” just zapped about four hours of my evening. That’s a “no-go” for a busy person.I believe that being able to parlay my dinner & movie into one is also a way for the theatre to actually provide a more family-friendly environment. It may feel like a bit of generalization, but the usual theatre chain only offers snacks, which aren’t an option for a family with young kids. When it comes to the lobby & arcade area, it can create an environment that caters to more people being there and not for any reason related to checking out a movie or playing video games. By having a movie theatre that offers dinner, or rather actual food items worthy of a meal, moms & dads feel a bit more at ease in terms of what they’re serving their children. Moreover, because the lobby is more of a social area/restaurant/meeting space, there is more turnover of patrons & movement of folks coming in for a bite. One bonus item to consider is that for theatre chains choosing to go the dine-in route, some of them serve alcohol, which also contributes a bit to more regulated spaces.So, yes, I do want the best movie theatre near me to serve dinner, but it’s not because I’m trying to be difficult. When you consider the convenience it brings to the table, as well as the family-friendly atmosphere it would help foster, you, too, will wonder why this isn’t a ‘thing’ already.

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