Trade financing options are provided by a number of specialist non-bank finance companies in Canada. They provide a variety of corporate solutions, all of which are different but still allow you to meet your cash flow and working capital goals. In fact, they are the answer to… you guessed it ‘no bank financing’ riddles.

The challenge for business owners and financial managers is to identify and execute who those sources are and what they can do for your company. In fact, many companies and industries have specialized needs.

When thinking about the right type of business financing for your business, it’s important to think senior and junior! What do we mean by that comment? Simply that a senior lender will want all the security on your business, usually handled by a document called a GSA – General Security Agreement. Then it becomes a challenge to get other types of cash flow and debt solutions that cannot be monetized.

A good example of a primary lender is Canadian licensed banks. But when that source of capital isn’t available, many businesses these days choose asset-based lenders, allowing them to draw on various assets of their business but with more flexibility.

In some cases, your business may need a ‘bridge loan’: they solve a temporary shortage of capital… they are a ‘bridge’ for the future refinancing of your business.

Leasing companies are one of those specialty asset lenders that finance new and used equipment, even software. While many companies think they are eligible for VC or private equity financing, they are actually poor candidates for that type of financing. Many owners and financial managers spend a lot of time and money going down the venture capital/equity path, only to find that they are not ready for this type of capital solution.

Is there an end result? We think so, simply that if you are looking for a commercial finance company for debt and cash flow solutions, alternative non-bank lenders are a great option.

What types of financing can be achieved through alternative lenders? In fact, they abound and business solutions are available in Accounts Receivable Financing, Asset-Based Business Lines of Credit, Tax Credit Financing, Leaseback Sales Strategies, Franchise Loans, Accounts Receivable Financing…too known as ‘factoring’, etc.

Find and speak with a trusted, credible and experienced Canadian business finance advisor with a track record of success in finding a non-bank business finance company in Canada.