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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.

It is estimated that there are hundreds of thousands of pharmacy technician jobs today, and that number is expected to increase by 25 percent over the next 5 to 10 years.Working as a pharmacy technician or `PT` is one of the best jobs with which to enter the healthcare services industry without having a medical degree, and can be a very satisfying position with much room for advancement.Depending on a person’s education and job experience it is possible to move into a variety of specialized employment positions with their qualifications, as there is much more to the job than simple retail sales at a drugstore or chemists.Different Pharmacy Technician JobsRetail – This is the most known setting and position for most PTs. Technicians who are employed by retail pharmacy stores do a variety of jobs, which start with assisting the Registered Pharmacist or PharmD on duty but generally expand to many other duties that are typical in any retail environment.Techs will count and prepare medications, do record keeping, inventory, ordering, stocking, insurance billing and records, and much more depending on the establishment and the need to do other tasks as well.Depending on qualification and certification, sometimes pharmacy techs in a retail setting are also able to counsel consumers on the use of their prescribed medication as well. It is possible to obtain a job as a PT without any specialized education or training although more and more employers are beginning to require one or the other, or sometimes both.Hospital – Every hospital has a pharmacy from where both outpatient prescriptions can be filled and inpatient medications are dispensed.Working under the Pharmacist on duty, pharmacy technicians in a hospital setting are usually responsible for stocking, delivering and recording all medications that need to go to the different hospital departments, specially compounding medications for patients in the hospital and taking care of any and all medication requests throughout the hospital from other staff.Knowing all hospital regulations in regard to the dispensing and handling of medications is a detailed yet essential part of the job as is being able to keep concise records for billing, inventory and legal purposes.In-patient Care Facilities – Numerous types of inpatient care facilities such as rehabilitation centers, psychiatric hospitals and other facilities keep their own pharmacies as well, and require technicians to assist the Pharmacist on duty.Pharmacy technician jobs usually entail inventory, stocking, ordering and recording of medications, preparing medication doses for patients, delivering daily medication doses to nursing stations, and most of the duties mentioned above as in any other hospital. Once again, record keeping and regulations are an extremely important part of the job for billing, inventory and legal purposes.Medication Compounding – Certain pharmacies do not sell directly to the public, but instead create special medication mixes – called compounds – for other pharmacies and facilities.In a compounding pharmacy, technicians are required to work under the supervision and guidance of the Pharmacist on duty in mixing medications as required by special orders, bulk orders for hospitals and facilities and other requests. Generally this work also involves great detail in record keeping, interpreting prescriptions, medication labeling and medication packing and shipping.Obtaining Pharmacy Technician JobsThe best way to get a job as a PT is to complete a training and education program for pharmacy techs. There are many of these programs available today lasting anywhere from 6 months to get a course certificate and basic education for a retail pharmacy setting to up to 2 years or more to become certified as a pharmacy technician and be able to advance to some of the more detailed positions mentioned above.The best way to find out about schooling and any career requirements is to contact any local pharmacy technicians’ professional organizations in order to get recommendations and learn more about the career as a whole.In most cases, those who have been to school should be able to get pharmacy technician jobs quite easily as it seems there is a constant and growing need for good, certified pharmacy technicians.While qualifications do differ depending on state, region and country, in general it seems as though there are always positions available as the profession continues to grow and pharmacy technicians continue to get more and more responsibilities under their specialty.