Posts Tagged ‘facts’

The government small business loans in Canada. We are talking oor’n some straight facts around ‘ SGB’s financing in Canada. We have all heard of the story: businesses in the SME sector account for large portions of the Canadian economy in jobs, income, and tax generation.

In Canada Industry Canada is the government department / organization that sponsors and administers the SGB program.

The SGB small business loans program allows for maximum financing of 500,000.00$ , however that amount is limited to real estate. The limit for financing of equipment and leasehold improvements maxes out at 350,000.00$ .

The program stel’n maximum interest rate of 3% over the bank prime rate. In contrast with a similar program in the U.S. (In the U.S. it’s called the ‘ SBA ‘) the SGB program does not cover cash loans, working capital, business lines of credit, etc. It’s a popular and unfortunate misconception when it comes to businesses that are looking to other forms of financing.

One area of clarity that we explain to clients is that both corporations and individual business owners, d. w. ours property, may be eligible vir’n SGB Loan.

Why is SGB loans so popular then? We will quickly add that they apply to any business which the actual or projected revenues under 5 Million dollars per year. The popularity is derived from the simple fact that businesses in the SME-sector is tradisioneel’n tough time raising capital… of any kind!

Without strong financial statements or hefty net worths and warranties of the owners there’s a real financing gap in Canada when it comes to the term loans and access to capital .

In Canada, the SGB program is administered, as we have said, by INDUSTRY CANADA . But it is not your key contact for any loan application. It is your bank, which administer the program on behalf of the government. It allows banks to provide maak’n valuable dimension to business financing in Canada to the small business sector.

So, what in fact is the requirements of the program? In essence, you need to bied’n healthy and viable business plan that toon’n reasonable expectation of profit and of course cash flow generation – which is of course that the loan is repaid.

The business owners bied’n guarantee limited to 25% of the amount of the loan. That in itself’s a great thing, given that the majority of business financing in Canada requires 100% owner guarantee. As a business owner to apply for what he SGB program that you should be able to demonstreer’n good personal credit history and we can only noem’n “reasonable’ personal net worth. Things like om’n homeowner and with some savings, etc. definitely help the cause.

a few important business relationships must be satisfied in your business plan and financial projects – they revolve around the debt-to-equity and working capital calculations. Your business advisor or accountant can make sure it is properly presented.

Government Small business loans totaling in the billions to almost 8000 businesses annually in Canada. Talk with a reputable, reliable and experienced Canadian business financing advisor who can help you in finalizing your access to one of the best programs in Canada when it comes to finance for the small business sector.

Fun Facts Ottawa

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Fun Facts About Ottawa
Ottawa Race Weekend is the biggest event in running multi-distance in Canada (attracting over 43,000 runners in 2013). It will celebrate its 40th anniversary May 24-25 2014.В The Rideau Canal Skateway is the largest skating rink in world†™ (twist …
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Canada is a beautiful country with lots of diversity. It ranks second among all the countries in the world when it comes to area. The name Canada comes from the word Kanata which means village.

History of Canada

The area that is now called Canada was in the olden days occupied by french colonies. When the British took over the place, they divided it into two parts calling one the upper Canada and the other the lower Canada. Later these two parts were reunited and were called, “<a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=””>Province of Canada</a>”. In the Confederation that took place in 1867, the whole country was referred as just Canada and till date it is known as Canada.

The history of Canada dates back to very early times of human existence. Archaeologists have found evidence of human existence in Canada even twenty six thousand years ago.

Geography of Canada

Canada shares many of its geographical features with the US, like the rocky mountains and the four great lakes. The vegetation comprises of coniferous forests. Many large islands as well as mountains are situated here.

Holiday Hot Spots

Canada is blessed with a lot of natural beauty. It has beaches as well as mountains. It is a tourist’s delight. The tradition, history and culture of Canada is very appeals to a lot of people and that is the reason why tourists flock this place. The cities that receive the largest number of tourists every year are Montreal, Vancouver, Toronto as well as Calgary.

One can visit the Stanley Park, Yaletown, Grouse Mountain and the famous Vancouver aquarium when in Vancouver. One can also attend the Montreal International Jazz festival which is famous all over the world. In Toronto one can visit the famous Art gallery, CN tower and dine at the famous Wayne Gretsky’s restaurant. At Calgary one can see the famous stampede as well as the Calgary tower.

Some Interesting facts about Canada
Canada was the land were the famous baseball gloves were invented.
Canada is very sparsely populated. It ranks fourth among the nations having low population.
Vancouver city in Canada shares the first position with the city Zurich in Switzerland when it comes to quality of life.
It has the smallest jail of the world. It is in Ontario and its area is 24.3 sq. meters.
It ranks ninth among the largest economies of the world.
It ranks eighth when it comes to trading.
Canada ranks fifth in the production of copper, natural gas, zinc, aluminum, gold as well as nickel.
The very famous Santa Claus is also said to be from Canada.
This is the place were many great inventions have taken place, like the electronic light bulb, electron microscope, the game of basketball, television and even the telephone.
It ranks fifth among the energy producing nations.

Canada is a place which must be visited at least once in your lifetime. There are so many places for sight seeing and the weather is amazing, though it gets very cold sometimes. Visit it to experience them yourself.