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.

Where Women Go for Ladies Biker Apparel

Whether they ride their own or perch themselves on the backseat of their favorite biker’s iron horse, who can deny that those women on two wheels are some of the finest looking creatures on god’s green earth, and like a custom paint job that defines the bike, the style of ladies biker apparel they choose to wear speaks volumes of their confidence, attitude and free-spirited nature.But where do these lovely ladies go to shop? They have several shopping options however, the selection is somewhat limited as many ladies biker apparel retailers source from the same few wholesalers.Harley-Davidson Apparel
Harley-Davidson (H-D) logo apparel is very popular amongst many ladies who ride. H-D always offers a large selection of very attractive mainstream ladies biker apparel including leather, typically all of great quality. The hit against H-D apparel comes with its price which is substantially more than other motorcycle apparel outlet. None the less, they do offer very attractive, quality ladies biker apparel for those with deep wallets. The other pitfall of H-D apparel is its high availability to a very small demographic. The motorcycle community is little in comparison to the number of people that shop at major retails and with a large percentage of women riders shopping for H-D apparel, it is not unusual to see several woman wearing the same H-D branded merchandise while walking through the crowds of bikers at any major motorcycle event. It’s just the nature of the beast when there are so few options in unique ladies biker apparel.Motorcycle Event Vendors
Probably the most popular place women riders shop for ladies biker apparel is at motorcycle event vendors. Vendors are a part of the biker experience and it seems as if it is everyone’s goal to make at least one pass through each booth. Early season shopping is always the best as all the latest ladies biker apparel offerings are on the shelves. Vendor merchandise is always affordable and customers rarely walk away from something they like for fear it will be gone when they return. Rally vendors typically offer a nice selection but their merchandise does however target the largest buying demographic so graphic tank tops and moderately sexy crop and cami tops make up the bulk of their inventory. Vendors rarely offer anything too edgy and out of the box as they take up room for faster moving merchandise.Motorcycle Product Catalog Retailers
The two leaders in motorcycle product catalog sales are J&P Cycles and Dennis Kirk. Although both of these companies primary focus is on motorcycle parts and accessories, they both offer a small section of ladies biker apparel in their catalogs. Aside from their signature clothing line, most of their ladies biker apparel offerings are much similar to what you find at a motorcycle rally vender but at a slightly higher price in most cases. The big advantage however, is the ability to shop before riding season starts and of course they have return policies which most vendors simply cannot provide. J&P Cycles and Dennis Kirk both have retail websites were all the same ladies biker apparel available in their catalogs is offered on-line.Motorcycle Rally Apparel
Lady bikers who partake in the occasional adult style motorcycle rally have a particularly difficult time locating event appropriate biker apparel. These free spirited ladies seek rally apparel that is substantially more revealing and uninhibited than apparel provided at any of the typical clothing outlets. There are far fewer sources of adult minded motorcycle rally apparel than any other style of biker apparel bar none.No matter what their style and taste, women riders have plenty of choices when it comes to how and where to shop for riding and rally apparel. While some styles may be more difficult to fine, woman riders are persistent and will seek out ride and event appropriated apparel that accents their biker style and attitude.

US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.