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Commercial Bank Financing In Canada – Solutions and Maybe An Alternative Via Business Banking Comp
by Stan Prokop on Sep 2, 2011
When most Canadian business owners and financial managers think of commercial finance in Canada commercial bank financing comes up logically as the ' go to ' solution. That seems logical because probably for many decades in Canada it was the only solution. In recent times financing alternatives via bank competitors have proliferated. Let’s examine some key aspects of Canadian chartered bank commercial financing, and perhaps some alternatives... who knew!
Borrowing from a chartered bank in Canada comes under two categories for most small to medium sized corporations ... term loans and revolving lines of credit. Banks are very focused on your cash flow for the simple reason that it, plus additional collateral that is pledged, becomes the source of repayment.
It is well known that the Canadian chartered banks have pretty well the highest reputation in the world for being well run, profitable, and soundly capitalized. That becomes a double edged sword...Read More >>
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