Term Loans – These are secured loans usually taken for a medium-term source financed primarily by banks and financial institutions. These can help companies that want funds for growth effort such as expansion, entering new markets, modernization and diversification.
Trade Loans – Funds received from trade loans can be used between the purchase of goods and the time when the firm receives the funds from the sale of those goods. Banks can offer letters of credit and bank guarantees when a purchase takes place to assist companies.
Canada Small Business Loan – This can be used by small for-profit companies in Canada, with gross annual revenues of $10 million or less. A maximum of $1,000,000 can be obtained from this. There are limitations in place – for instance only less than 35% can be used for leasehold improvements, purchasing equipment, improving existing equipment etc.
If you are looking for assistance in the above or any other type of commercial funding needs, please feel free to contact us.