Financing

Financing A Franchise Business? What You Need To Know To Obtain Finance For A Franchise

Can too much expert knowledge in financing a franchise business ever be a bad thing? We certainly don’t think so and we’ll show you how to obtain finance for a franchise business that you have chosen to purchase.

When talking to clients about franchise finance in Canada we generally talk about the Boy Scout motto. You will recall that their motto is ‘ BE PREPARED ‘ and that’s the total strategy around financing a franchise successful that you must adopt.

Getting the money to purchase your franchise of often the biggest worry of new entrepreneurs such as yourself. People search out franchising opportunities because they are essentially looking for a combination of opportunity and wealth – there is usually only one major obstacle to that road to success, it’s the funding for the acquisition of the franchise business.

If we had to summarize in a very simple and basic what you need to be successful in franchise financing we would boil it down to a few key issues. Want to know what they are? From our perspective it all comes down to a reasonable history of business or management experience , a decent personal financial profile – more about that one later, and access to the ‘ inside secret ‘ of franchise financing in Canada, which, you may be surprise to know, is the government of Canada !

Let’s circle back on those points – and as always it comes down and back to our Boy Scout motto – be prepared. We can see our client’s eyes rolling back now when we tell them we need a crisp business plan . That’s a key requirement of your ability to obtain finance for a franchise, simply because it’s the ‘ proof’, if you will, of your ability to understand and run your business properly. In that document you have info about yourself, the business you are purchasing, the industry you are in, and the financial performance you expect to achieve in your new role as business owner and entrepreneur.

From a lenders perspective financing a franchise business is all about one thing – getting paid back for the loan. So the lender will look at how you have structured the financial portion of your business plan to reflect ability to repay your franchise loan, as well as how much cash flow and working capital is left to pay yourself a salary and run your new business. Could anything make more sense than a properly crafted and positioned business plan – we don’t think so.

Your money – you have it, you want to keep it – don’t we all. However, whether it’s a franchise business or any business for that matter OPM never works – OPM is ‘ other people’s money’ and you can’t rely on 100% of outside financing to obtain finance for a franchise in Canada. So be prepared to invest anywhere from 25-50% of the purchase price into your acquisition. Coupled with that and this is critical, you must be able to demonstrate that you have run your personal and business affairs respectably from a credit perspective. Obtaining a copy of your credit report, in advance, by you, is strongly recommended.

And, oh yes, what about that Government Issue we mentioned. That’s one of the great secrets and tips we promised to reveal. Did you know that probably 90% or more of financing a franchise business in Canada revolves around a special loan program called the CSBF/BIL loan? It’s a federal program, and administered by financial institutions. Whats so great about it – limited personal guarantees, great rates, terms and structures.

Speak to an expert in franchise financing when you are looking to obtain finance for a franchise – seek out someone who is trusted, credible and experienced. Be prepared, and get ready to be successful.

Stan Prokop is founder 7 Park Avenue Financial ; Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/financing_franchise_business_finance_for_franchise.html

Find More Small Business Financing Articles

Working Capital Financing Ideas You Hadn’t Even Thought Of !

An old article in Canadian Business caught our eye as it focused on Canadian business financing and was entitled ‘ Beyond the Banks ‘. With all due respect to the good folks at Canadian Business Magazine we have some strong comments and additional info on the 15 (yes, that’s 15!) suggestions they had on business financing in Canada. Working capital financing and business financing in Canada is always a challenge; today it’s more challenging than ever.

Let’s cover off some of the business financing info that was shared and hopefully we can provide you with an update and some insightful comments into what is working and what is not from a business financing perspective . We’ll focus in this article on the first 7 of the 15 business financing scenarios referenced in the Canadian Business article.

Angel Financing – We have rarely met clients who have successfully arranged angel financing – at the end of the day this is simply equity and ownership dilution and is often solely focused on high growth scenarios, which may or may not include your firm . The concept of another owner or board member within your company may not be palatable.

The article spoke of ABL – asset based lending – we firmly believe this is one of the best ways in which to achieve unlimited working capital Vis a Vis your growth prospects. Investigate asset based lines of credit, they are viable and they work.

Bridge Financing was also touched on as a working capital solution and it referenced ‘ premiums’ rates and seemed to infer that you only used bridge financing when you are in distress or hyper growth. Again we disagree as a bridge financing solution has proven very successful for many of our clients who are start up in nature or who have significant projects that require a short term injection of temporary working capital.

The Canadian Business article also referred to the governments Crown corporation bank as a solution provide of innovative lending programs. Actually these programs essentially boil down into working capital term loans at fixed rates and Equipment financing.

The magazine also referred to buy out funds, and referenced a global investment in 2004 of 25 Billion. That is little consolation for small and medium sized firms in Canada who require business financing often available only to ‘ the big boys’ via private equity and buyout funds. This really is, in our opinion, a small sector of the market and very UN – apropos from most of Canadian business.

We heartily agree with the magazine when they referenced the Canada Small Business Financing program – the acronyms for this program vary, and they include BIL, CSBF, and ‘ SBL ‘. We believe strongly, and are always advising clients, that this is by far the best program for business financing of assets and real estate and property in Canada. Investigate this program, take advantage of it if you can, it does not get any better!

The final reference in the magazine that we will cover off and comment on is the concept of ‘Factoring ‘. Virtually unheard of some year ago it is fast becoming the hottest method of financing working capital in Canada. Complexity in this form of financing comes in the form of how it works, what it costs, and selecting the right partner firm that matches your overall needs.

We strongly believe that the majority of firms in Canada currently don’t have a handle of their business financing options. We can of course forgive business owners and financial managers as they are caught up in the day to day running of their businesses and the financial challenges that come with that.

When addressing working capital challenges look for options that will help you speed up asset conversion – speak to a trusted, credible and experienced business financing advisor who will steer you down the right road to business financing success.

Stan Prokop is founder 7 Park Avenue Financial ; Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/business_financing_working_capital.html

The Importance of Capital Financing

Banks and other financial institutions have been able to control other institutions that handle the finances of other businesses. Nevertheless, in the last five years the existence of these institutions has increased as well as the availability of capital financing options that were nonexistent before.

One is the availability of capital financing through non-traditional sources of credit and the massive expansion of the sub-prime lending market since the early nineties.

In other words, a good finance broker can provide many financing options, a variety of lenders that operate in a market place with different types of equipment and capital financing structures.

In order for your business to work properly you need to have five factors aligned and organized. These factors are: staff, equipment, facilities, products and services, and cash flow. The latter is the most important one. It is the blood that runs through the veins of your business. Cash flow is the heart of your business, therein the importance of capital business financing.

For example, if equipment or vehicles are necessary, the finance department should provide a series of leases and options. If you are looking for a building, you should have a complete range of secured loans and commercial mortgages available to you. If a company needs capital, you must have access to a wide range of capital financing options and lines of credit.

Each and every component of the corporate structure grows and hampers along its development. The only constant is the growing need for capital. From the strongest economy to the worst recessions, capital financing will always be one of the key resources – additional to staff, motor vehicles and equipment, and local demand for capital in a growing business is insatiable.

Do not think about it too much. A broker is the best solution for your capital financing needs. You will save yourself the time you would otherwise spend doing research, going and calling places. Therefore, you are also saving yourself some money. Brokers know the market, have the expertise and the contacts that will allow you to get the financing you need quicker. With a broker you would have the confidence that your financial request will be taken seriously.

If you are looking for capital financing for assets or to improve your existing business it is important to contact the right lender.

Wade Henderson – recognized Professional – 15 yrs in the Business Finance Field – strong reputation for getting the deal done. IMMFinancial.com venture capital equity
venture capital association

More Small Business Financing Articles

Growing Business With CNC Machining Centers and Their Financing

The CNC machining center is an almost indispensable piece of equipment when one talks about the machining industry. The reason for its great importance is that in machining, there are three major functions that you need to do: make the blueprints, draw the engineering bit and then finally cutting the material. The machining center gives you the tools to carry out all these functions. Read on to find out more on their uses and how you can get one with the correct CNC machining center financing.

• The machining center uses two motions – relative motion (between tool and machine) and primary motion (the cutting motion or cutting speed). Actually, there is also a third kind of motion which is the secondary motion, sometimes known as the “feed”.

• To replicate the engineering drawing identically on the object, these three motions are very important. If anything goes wrong in any of these three processes, your product could turn out inaccurately.

• The machining systems usually use techniques like tuning, milling, drilling and grinding. For all these functions, the CNC machining center is your best bet. CNC, or the Computer Numeric Control, machine allows you a very sophisticated level of control, as compared to the previous NC, or Numeric Control, machines.

• A drilling press is a good example of a CNC machine’s functionality. You have the basic purpose of drilling holes, but which has to be reached through a series of smaller processes. These include steps like chuck loosening, installation of the drill, getting to the actual job of drilling the hole and many a nitty-gritty. Manual work forces you to go through these steps one by one. This on a large scale will mean multiplying the processes and the time they take manifold.

• Now, in the above example, if you replace the manual labor with a CNC machine then all you need to is put in numerical instructions and your work is done in seconds, and with complete accuracy.

• But there is a certain degree of programming your CNC machine which requires a little time and effort. You need to put in a list of instructions for your machine to work accurately and this has to be thought out well.

• CNC machines are especially useful when it comes to heavy industries like those of metal. Drilling, grinding and cutting of metals can be done easily and quickly with a CNC machine

• But a major problem is obtaining the machines as they are very expensive. Here you can opt for CNC machining centers financing.

• Your business needs these machines to grow and prosper, so you shouldn’t overlook getting them for yourself. If money is a problem then there is always financing.

Not only will these CNC machines help your work be of better quality, they will help you save time and money. If your business is too small to afford the equipment by itself, try looking for CNC machining centers financing to help you out. You will start raising your profits almost instantly, without a doubt.

Chris Fletcher’s page features more about new and used CNC Machining Centers Financing and other finance topics. Visit him at: http://www.crestcapital.com/Catalog – – free instant quote & web calculator!

Find More Small Business Financing Articles

Business Growth With Laboratory Equipment, Financing and Leasing

The advances of science have ensured the general progress and prosperity of human lives all over the world. Ancient civilizations like the Greeks and the Shamans strove after the same idyll but it is yet to be realized. We are certainly on the pathway to it though. The advances in medical science have given treatment a new acceleration.

Unique, new and ultramodern instruments are now being used in case of patient treatment. However, due to the high costs of these instruments, it often becomes essential that these are availed through some type of financing. This is the aim of laboratory equipment financing, and with the aid of several laboratory equipment, it becomes all the more easy to detect complex disease and diagnose them. Diagnosis opens the path up for further treatment and cure of the same.

Among several types of laboratory equipment, the following are most important:

– Analytical Instrument: Any medical institute uses this instrument for detection of pathological ailments. It gives correct results in much less time and allows for quick initiation of treatment. However, its higher costs have made it necessary to use financing to avail it.

– Dental Laboratory Equipment: Recent developments in dental science have acted as a spur to these modern instruments. These may include latest cavity-filling techniques and entire oral cavity imaging. But theses are also costly and need adequate financing in order to be availed.

– Common Pathological Instruments: These might include the X-ray or the CT scan machines which are an indispensable part of modern medicine. These instruments, though relatively simpler ones have rising costs that can hardly be afforded by an individual without financing.

– Other Instruments: The list is indeed too long to be catalogued here, but the more common forms of other instruments are hereby indicated. These may include endoscope, ultrasound equipment, oxygen tanks, optometry equipment, orthopedic equipment, etc. All of them are very costly and therefore, they need to be adequately financed so that they can be used for treatment. The object of equipment financing is to secure just this.

The costs of laboratory equipment have increased radically over the years. Fast improvement of technology, changing needs of the day and rising prices can be cited as some of the reasons for the same. Under these circumstances, financing is necessary for this equipment so that they can be allowed for public use. Any pathological laboratory would be in the need of this equipment, and the only plausible answer to the high costs seem to be financing and leasing options.

How to apply for financial help? There are certain reliable companies with ample experience in laboratory equipment leasing. Simple applications can be made even online. These companies are considerate enough the needs of the many patients and they allow for faster approval of these loans at low rates of interest. The manifold benefits that these companies offer has made it easier for most professional and companies to obtain equipment from them.

Visit Chris Fletcher’s site at: http://www.crestcapital.com/Catalog for all types of equipment financing info including Laboratory Equipment Financing details – free instant quote & web calculator!

The Importance Or Receivable Financing

Thinking of a business to put up? Not having enough money could be a real problem. You need that to pay for rent, marketing, advertising and a lot more.

Most of the time, the riskiest business to put up is a restaurant. The future for this business could not be foreseen and it will take time to recover especially if you are starting and not yet well known. A restaurant could be risky because a lot of establishments are just around and the competition is pretty tight.

Another factor to consider is experience, the longer your experience on this business the success rate could be higher. If you dont have enough funds, a lot of restaurant loans are available around. Banks may consider your business a high risk since youre trying to open a restaurant, but you still have a chance to get considered as long as you have the proper documents.

When you are given a restaurant loan, you can solve the collection problem by receivable financing. It could present discounting services and it could be useful in aiding financial needs. These types of method are mostly applicable to short term financing. This is perfect for businesses that are just starting or new.

Receivable financing process could be a stepping stone to better aid your business. This could fill up the needs and goals. Credibility is also important in this aspect, as well as background checks.

This is also a good choice if you would consider expanding your business and could help updating and upgrading your market. Receivable financing is a great for you as well as a safe method on the banks end. Just make sure that you dont have any other existing loans so that the percentage rate of approval is high. Dont forget to pick the best bank to do that, if you could find a bank that has a lower interest rate that could help too. Always remember to just borrow the amount that you really need.

Visit http://www.merchantcashadvance.com for more details.

Related Small Business Financing Articles

On Starting A New Business And Business Financing

Starting a business is not an easy feat. It takes an entrepreneur much courage, focus and inspiration to become successful in such pursuit. Organization is also a vital element, as a disorganized entrepreneurial venture is doomed to fail.

Finding possible sources of capital is, obviously, the most pressing concern of any start-up businessman. Any business venture will not work without capital, which is the exact reason why it is necessary to find stable sources of funding for it. An entrepreneur at first will try to check out with family members and friends for either cash itself or leads for possible interested investors who will provide capital to the business.

If such move will prove to be futile, the entrepreneur will now approach a financial institution to apply for a loan. Loans have proven to be helpful for starting businesses and even existing ones. There were even instances that almost failing businesses were saved by timely loans.

Unfortunately, not all financial institutions wanted to gamble on start-up businesses. Business financing has been difficult for new businesses because banks and other financial institutions are not only reeling from the effects of the recent financial meltdown but have learned a lot of lessons on poor loan repayment by some borrowers.

Tough business financing rules by banks and other financial institutions should not dishearten the starting businessman. There are some creditors who are more than willing to take the risk of extending loans to small entrepreneurs. Such risks creditors took include giving reasonable terms to start-up, small- and medium-scale businesses. The friendlier attitude by these lenders have encouraged a lot of new and even existing entrepreneurs to go on with their ventures despite the obvious hardships.

Despite the financial malaise that the country is experiencing and the tougher business financing rules that most lenders are now implementing, spirited entrepreneurs are not disheartened. They believe that crisis will always open new opportunities that any skilled businessman can exploit. Such attitude plus the development of new technologies and the opening of new markets will be more than enough reasons for American businessmen to engage in small- to medium-scale enterprises, all of which have been the main driving force behind the success of the United States economy.

Learn more at http://www.merchantcashadvance.com.

Now Where to Go For Financing Since the Banks Turned Off the Spigots

People all over America and all over the world have begun to open their own small businesses. Not to say that starting your own home business was not popular before, but now it is easier than ever to start your own home business and have success with it. There is really no limit to what you can do with your own home business. You can offer many different services and products inside your one business. However, many people are asking themselves how they can find the most business capital in this business environment. The American economy is still in a recession of sorts and small business owners are working to keep their revenue up while others are losing their jobs. In the following article, we will review some of the things that you can do as a small business owner to keep you above the rest and in business.

The first thing you can do as a small business owner is to identify your niche. While you may want to offer more than one product or service at your business, remember that you cannot do everything for everyone. Offering more than one product or service is not a problem, but you cannot let that get out of hand. You will find that you will have better results and more customers when you narrow niche to cater to a specific group of customers. Your customers will also be able to identify with you more when you have narrowed down your niche. Most people are not looking for a “jack of all trades”, but rather an expert in a particular product or service that they may need. This is the first important thing that will help you to find business capital in this unstable business environment that we now have. Once you have narrowed down your niche, you will want to make yourself an expert in the products or services that you are dealing with. As fore mentioned, people are looking for someone who is an expert with the problems that they need solved or the products that they need. Any person who is known as an expert in any field will be able to find more business revenue than someone who is out there doing a little of everything. Your customers will be more likely to recommend you to their friends and family if you prove to be an expert in your field, which is very much like free advertising.

As a small business owner you will also have the chance to build stronger relationships with your customer base. This is another step in finding business capital in this business environment. Your customer, of course, is the most important item to your business. Without your customers, you would be making no money. Once you have a customer, work to keep them coming back to you. As fore mentioned, your customers will be more likely to recommend you to others if you prove you know what you are doing, and if you take the best care of them. Taking suggestions is a great idea and listening to your customers in general will prove to be priceless.

Rich Moran is a consultant specializing in Marketing services. For more free information on marketing your business or website visit The Langohr Foundation Blog For information on the Consulting Services of The Langohr Foundation, LLC you may visit the company website

Find More Small Business Financing Articles

Solving the Capital Equation: Financing Solutions for Small Businesses

Solving the Capital Equation: Financing Solutions for Small Businesses

Solving the Capital Equation: Financing Solutions for Small Businesses

If you are a small to medium-sized business owner or considering starting or buying one, this book will provide you with practical and actionable advice for solving your financing issues. Easy-to-follow examples and real-life case studies take you through the process and provide step-by-step alternatives for financing your business. Written by a former financial and business advisor who has helped small businesses garner over Million in financing. The author is the former owner of a commerci

List Price: $ 24.95

Price: $ 219.83

Advances In Small Business Finance (financial And Monetary Policy Studies)

$223.79
End Date: Saturday Feb-17-2018 19:06:47 PST
Buy It Now for only: $223.79
Buy It Now | Add to watch list
Advances in Small Business Finance 21 (2012, Paperback)
$199.00
End Date: Thursday Feb-1-2018 15:31:53 PST
Buy It Now for only: $199.00
Buy It Now | Add to watch list

Find More Small Business Financing Products

Grants For Individuals Financing From The Us Government

Searching for federal grants for individuals will make you crazy. Where do you look for US administration grants and how to obtain them? By reading this article and not having to buy a federal grants guide, you will know valuable data about federal government grants.
All US authority grants have a program they go by. Unless you know the program, then no cost grants for individuals will likely remain elusive. My ideal word of advice is to understand how no cost federal government grants function, or pay an individual to make it work for you!

There are various grants that you may opt from. Some of them are enlisted below:

Guaranteed/Insured Loans Programs in which the Federal governing administration makes an arrangement to identify a lender against part or all of any defaults by those accountable for repayment of loans.

Home repair grants aim at men and women of United States who cant afford to complete critical fixes in their homes because of lack of income. Numerous residents in the urban and rural area are enduring low earnings and some dont actually have a stable way of earnings. Disabled and senior citizens are among these people who need assistance. The US government is answerable to the safety and wellbeing of its residents. This is the reason why so much money is allotted for household repair grants for individuals. Apart from the low earnings group of people, the household restore grants also concentrate on disabled men and women. If you’re a physically handicapped, you’ll be able to apply for home repair allowances to raise a fund to perform necessary adjustments in your house. This ensures that it gives much more accessibility and comfort to you. For instance, those who require moving on a wheelchair might want to add ramps outside and inside the property, or they might want to set up an elevator.

Direct Payments for Specified Use Free Government grants for individuals are given directly to folks, private firms, and other private organizations to encourage or fund an activity by another person with a precise goal. This can be repair works or even establishment.

Project Grants Given to Free of charge grants for a particular time period and for a specific requirement. These US government administrative grants can include fellowships grants, scholarships grants, research grants, training, traineeships, experimental and demonstration, evaluation, planning, technical assistance, survey and constructions.

Searching for the best government http://grantsforindividualsnow.com>grants for individuals to assist your necessities can be tough, especially with so many individuals fighting out to achieve one.