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Eleazard Castillo or Ely Castillo - Steps To Commercial Business Financing Options
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Eleazard Castillo or Ely Castillo - Steps To Commercial Business Financing Options Business financing options are provided by a number of non bank specialized finance companies in Canada. They provide an array of corporate solutions, all of them different but still allowing you to achieve cash flow and working capital goals. They are in fact, the answer to.. you guessed it' no bank financing conundrums. The challenge for business owners and financial managers is to identify and execute on who those sources are and what they can do for your company. Many companies, and industries in fact have specialize needs. When you think of the right type of business financing for your company then you should consider expert like Eleazard Castillo who is working actively in financial sector and prefers to think of senior and junior! What do we mean by that comment? Simply that a senior lender will want all the security on your business, typically handled by a document called the GSA – general security agreement. It then becomes a challenge to source other types of cash flow and debt solutions which can’t be monetized. A good example of a senior lender is Canadian chartered banks. But when that source of capital isn’t available many firms these days choose asset based lenders, allowing them to drawn on various of their business but with more flexibility. In some cases your business might need a bridge loan- they solve temporary capital shortages…they are a bridge to future refinancing of your business.
Leasing companies are one of those specialized asset lenders that financing both new and used equipment, even software. While many firms think they are eligible for VC or private equity financing in fact they are poor candidates for that type of financing. Many owners and financial managers spend a lot of time and money going down the venture capital/equity path, only to find they are not ready for this type of capital solution. Is there are bottom line? We think so, simply that if you are looking for a commercial finance company for debt and cash flow solutions alternative non bank lenders are a great choice. What type of financing can be achieved through alternative lenders? In fact they abound and business solutions are available in receivable financing, asset based business lines of credit, tax credit financing, sale leaseback strategies, franchise loans, receivable financing… also known as factoring, etc. Hope you understood and consider before availing any finance options from market. It is always recommended to consult professionals only like Ely Castillo to get better, reliable and experimented ways to generate finance without much issues.