Approaching the purchase of a new car can be both an exciting and a daunting experience. The thrill of considering a new vehicle in which to commute, run errands, and simply let loose on the road of life can bring a lot of positive images and ideas to mind, but the high costs of automobiles means that there are typically financing considerations to be made before a new car or truck can be driven off the lot. A number of options exist for the modern car buyer, whether the object of sale is a new or used vehicle, is associated with a special period or type, or has any number of esoteric attributes when it comes to seeking financing. Frequently, car buyers may choose to work with the sellers themselves or with dealerships to arrive at a workable financing solution, but this is not always the best choice. Consulting with a vehicle finance broker is an excellent way to ensure that the maximum value is obtained with a minimum of hassle and needless expense.Vehicle finance brokers are fairly unique among sources for financing as they work independently, and are not answering to the policies or procedures of parent companies or associations. This often translates to increased value and greater attention to taking care of each client’s individual needs; if you’re concerned about being treated like just another customer in a long line of financing seekers, working with a vehicle finance broker may be an excellent option. The personal service afforded by a vehicle finance broker is matched by such a broker’s ability to reach far beyond the boundaries of other financing sources. Brokers must obtain extensive training to meet local professional requirements, and arrange their deals through making new contacts and arrangements with lenders. This process demands an extraordinary level of skill in negotiation and the ability to identify or create a great deal, attributes which a vehicle finance broker can in turn bestow upon a client.Choosing a vehicle finance broker is a wise move when buying a new car, whether the expense is significant or will only require a short-term commitment. Vehicle finance brokers are extremely knowledgeable about their field, and can help clients understand the particulars of a given arrangement, from the terms of a loan to the specific way in which an arrangement will benefit a client’s tax profile. This personalized and distinctive service is one which can make the car purchasing experience much more pleasant, and can yield quick and efficient progress towards getting a new vehicle out of a lot -and into all the gears of your life. With a professional vehicle finance broker on your side, you can say goodbye to confusing repayment terms, anxiety over scams or bad deals, and generic, cold service. Experience the difference that a dedicated professional can make and consider using a car finance broker for your next car purchase.
Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing
Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.
One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.
Business Loans In Canada
Whether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.
1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general
2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing
3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your company
Can you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!
A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!
When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.
How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.
Three basics always emerge when it comes to your search for the right business capital and financing.
1. The amount of financing you need
2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders
3. How the financing is structured to be manageable with your day to day operations
What Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In Business
Let’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:
A/R Financing / Factoring / Confidential Receivable Finance
Inventory finance / floor planning / retail inventory
Working Capital term loans
Unsecured cash flow loans
Merchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.
Royalty finance
Asset based non bank business lines of credit
Tax credit financing (SR&ED bridge loans)
Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.
Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.
If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.
Stan has had a successful career with some of the world’s largest and most successful corporations.
His employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) In 2004 Stan founded 7 PARK AVENUE FINANCIAL – He is an expert in Canadian Business Financing.
Organic Gardening Benefits You Should Be Aware Of
You can enjoy the benefits of gardening without having a green thumb or being an expert. Even beginners can quickly appreciate the satisfaction of watching something that you planted grow into a healthy plant. This article will look at some of the well-known benefits of gardening as well as some that aren’t quite as well known.If you do not yet have a garden you might think about starting one because the exercise you will get is highly beneficial in many ways. You can, for example, lower your risk of osteoporosis. A condition prevalent among the older female population, osteoporosis is when bones become brittle and weak. Despite the fact that there are lots of exercises useful for improving your chances of prevention, gardening seems to be among the best because of the various types of exercise involved covering everything from flexibility, strength and aerobics due to the physical tasks you have to undertake. Symptom alleviation in the case of diabetes is another issue gardening is useful for. Eating a healthy diet, just like regular exercise, is vital to managing and preventing diabetes, which is much easier to do when you grow your own vegetables.You can use your imagination and garden in any way you would like. Certain gardens represent an image of ingenuity. When you go on the internet or check out a book on gardens; you will see some spectacular gardens.While you may not be able to match the appearance of a garden featured in a book or magazine, you can still plan it out and make it your pet project. How you arrange your garden could be what will make your experience successful or fail, along with the design you choose. As you gain experience, you’ll find that your ability to plan and design your garden becomes more sophisticated.Rebuilding your relationship with nature is a vital advantage of gardening. This is something that wasn’t an issue a hundred or more years ago, but it certainly is today. Many of us spend most of our time either at an office, or in front of some electronic device. Fresh air and plenty of sunshine are what you will enjoy when you take up the simple and natural hobby of gardening. Once you start gardening you will begin to discover the advantages to these two things, even if you never knew you missed them. As little as a few hours per week spent in your garden will help you become more grounded and improve your connection to nature, thanks to quality time spent outside.Gardening in a group setting, especially when it involves your entire community, is very worthwhile and beneficial. Whether you are dealing with a cooperative project that everyone works on or if you start a community garden, this can contribute to many people. This provides a sociable atmosphere that everyone can enjoy. Gardening is so much more fun when you do this with people with the same frame of mind and have goals similar to yours. You may have questions about gardening that more experienced gardeners can answer. The community can trade what they grow with one another. There’s something inherently social about gardening that brings people with the same interest together. You’ve probably come to see that there is much more to the benefits of gardening than you previously thought. The advantages themselves will be impacted by the sort of garden you have. For example, a vegetable or herb garden will give you benefits you can taste, whereas flowers are more for appearance. Yet no matter what kind of garden you have, there are some undeniable benefits that make this one of the most worthwhile activities you can practice.