djprknd.info

Business loans and finance for a business just may have gotten good again? The pursuit of credit and funding of cash flow solutions for your business often seems like an eternal challenge, even in the best of times, let alone any industry or economic crisis. Let’s dig in.

Since the 2008 financial crisis there’s been a lot of change in finance options from lenders for corporate loans. Canadian business owners and financial managers have excess from everything from peer-to-peer company loans, varied alternative finance solutions, as well of course as the traditional financing offered by Canadian chartered banks.

Those online business loans referenced above are popular and arose out of the merchant cash advance programs in the United States. Loans are based on a percentage of your annual sales, typically in the 15-20% range. The loans are certainly expensive but are viewed as easy to obtain by many small businesses, including retailers who sell on a cash or credit card basis.

Depending on your firm’s circumstances and your ability to truly understand the different choices available to firms searching for SME COMMERCIAL FINANCE options. Those small to medium sized companies ( the definition of ‘ small business ‘ certainly varies as to what is small – often defined as businesses with less than 500 employees! )

How then do we create our road map for external financing techniques and solutions? A simpler way to look at it is to categorize these different financing options under:

Debt / Loans

Asset Based Financing

Alternative Hybrid type solutions

Many top experts maintain that the alternative financing solutions currently available to your firm, in fact are on par with Canadian chartered bank financing when it comes to a full spectrum of funding. The alternative lender is typically a private commercial finance company with a niche in one of the various asset finance areas

If there is one significant trend that’s ‘ sticking ‘it’s Asset Based Finance. The ability of firms to obtain funding via assets such as accounts receivable, inventory and fixed assets with no major emphasis on balance sheet structure and profits and cash flow ( those three elements drive bank financing approval in no small measure ) is the key to success in ABL ( Asset Based Lending ).

Factoring, aka ‘ Receivable Finance ‘ is the other huge driver in trade finance in Canada. In some cases, it’s the only way for firms to be able to sell and finance clients in other geographies/countries.

The rise of ‘ online finance ‘ also can’t be diminished. Whether it’s accessing ‘ crowdfunding’ or sourcing working capital term loans, the technological pace continues at what seems a feverish pace. One only has to read a business daily such as the Globe & Mail or Financial Post to understand the challenge of small business accessing business capital.

Business owners/financial mgrs often find their company at a ‘ turning point ‘ in their history – that time when financing is needed or opportunities and risks can’t be taken. While putting or getting new equity in the business is often impossible, the reality is that the majority of businesses with SME commercial finance needs aren’t, shall we say, ‘ suited’ to this type of funding and capital raising. Business loan interest rates vary with non-traditional financing but offer more flexibility and ease of access to capital.

We’re also the first to remind clients that they should not forget govt solutions in business capital. Two of the best programs are the GovernmentSmall Business Loan Canada (maximum availability = $ 1,000,000.00) as well as the SR&ED program which allows business owners to recapture R&D capital costs. Sred credits can also be financed once they are filed.

Those latter two finance alternatives are often very well suited to business start up loans. We should not forget that asset finance, often called ‘ ABL ‘ by those Bay Street guys, can even be used as a loan to buy a business.

If you’re looking to get the right balance of liquidity and risk coupled with the flexibility to grow your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a track record of business finance success who can assist you with your funding needs.

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

Twitter Facebook Linkedin
US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.

How do I become a pharmacy technician? There is no simple answer for this question. Unlike pharmacists, pharmacy technicians do not have a national standard for what it takes to enter the profession. Every state gets to make up there own requirements for what you need to do. The first thing you need to do is check your states requirements. To do this, Google your state’s name and board of pharmacy (eg, California Board of Pharmacy). Once you find your state board of pharmacy site, look for where it discusses pharmacy technician requirements. Another option is to find a site that has already compiled this information for you and provided links to your board of pharmacy website (my site has this done for you). The rest of this article will go over some of the common requirements seen, but remember, every state can require different things (in fact, some states do not require anything).National Certification: Many states require some form of national certification. Many require it, some have it as one option to become a tech, others increase the pharmacist to technician ratio if the pharmacy has nationally certified techs, and other states do not mention it at all. The two most common options are the Pharmacy Technician Certification Board (PTCB) and the Institute for the Certification of Pharmacy Technicians (ICPT, but their exam is called ExCPT). When you complete national certification you have the professional designation of certified pharmacy tech (CPhT). To maintain national certification you must complete 20 hours of continuous education credits every 2 years. I recommend everyone obtain national certification, if your state does not require it, you will be more competitive when interviewing for a job.Training Program: The most important thing you need to know is that some states require an approved training program. The approval in some states is from the board of pharmacy; in other states they accept the American Society of Health-System Pharmacists (ASHP) approved programs. Some states do not have a training requirement, and others allow for on-the-job training. To obtain a solid knowledge about pharmacy, I do recommend a formal training program. Campus based programs are traditionally more expensive (there is more cost to run one). There are online programs that are much lower cost, and I think are a great option if you have other commitments (another job or school). Online programs are also great if you do not live by a campus based school.Other:

Experiential hours, these are hours training in an actual pharmacy. Some states require a specific number of hours prior to licensure/registration.
Age limits, most states require you to be at least 18 years of age; however, some states allow someone to train while in high school.
High school diploma or equivalent is typically required.
Criminal record, or lack thereof. Many states require an FBI background search, so do not lie about this. Just because you have a criminal history doesn’t mean you are out of luck. Be honest, up front, and most of all you need to put good behavior time between you and your conviction. SO, BE GOOD!
As you can see, how you become a pharmacy tech is highly dependent on your state. Once you find out your state requirements, the next thing is to make a decision and just do it (or not do it). Send me any comments or feedback, I love hearing from people and will personally respond.