Bank Financing and Other Alternative Sources of Funding in Canada
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Canadian banks are ranked top in the world.
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Funding remains the problem of small businesses.
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Traditional loans are a rigorous procedure.
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Your sales record can get you loan.
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Banks often judge a business by the character of the owner or management.
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Alternative loans should be considered if traditional loans fail.
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Interest rates are always a source of worry to small businesses.
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Asset based lenders cannot lend more than the asset of the business’ worth.
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Loans are often named after their requirement.
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Seek expert advice before committing to any loan.
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Read the full article: https://businessloans.wordchapter.com/bankfinancing-and-other-alternative-sources-offunding-in-canada/
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