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Business Loans In Canada: Financing Solutions Via Alternative Finance & Traditional Funding

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.

Fast Cash Advance Signals A Need For A Savings Account

Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken a look at depending on the age of the student. After first taking a look at the many different categories of science projects, you will be able to locate a suitable choice of topic to take to the next level.There is a wide variety of categories that fall under the types of science projects that can be chosen for a school science fair. These include biology, chemistry, physics, microbiology, biochemistry, medicine, environmental, mathematics, engineering, and earth science. While you may not have yet learned very much in any of these categories, don’t be afraid to see what each one entails. Taking a good look at your interests will allow you to focus on the right direction to take.Many resources are also available for those who are unsure as to the topic they are wanting to use to create their science projects. If you take a look at the topics that fall under the biology category, you will likely notice that there are topics that deal with plants, animals, and humans. For those who are in 2nd grade or 3rd grade, an interesting topic may be to determine if ants are picky over what type of food they eat. While this topic might not be of interest to an 8th grader, it is certainly something in the biology category that an elementary school student would enjoy.Along with the biology category, a high school student may want to take a look at diffusion and osmosis in animal cells as this would be a more appropriate topic for the grade level. A student in 6th grade would be more advanced than an elementary school student, but not as advanced as a high school student. At this middle school grade level, a topic of how pH levels effect the lifespan of a tadpole may be of interest.Whichever resource is used to locate a topic for science projects, it is always a good idea to consider the grade level of the student prior to making a selection. It is always assumed to be best to have a project at an appropriate level in order to keep the attention of the student and provide a fun and enjoyable learning experience.

Details on How to Become a Pharmacy Technician

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.