Even though small IT companies are working successfully with serious capital requirements and satisfactory growth pattern, they still need financing for marketing, hiring new employees, expansion and purchasing of equipment. Yes, this would involve a number of factors but do you know how they find sufficient finance to follow the path they are moving? How would they be able to get Ontario small business loans?
Small Business Loans Financing for Toronto Entrepreneurs
They have only one way i.e. banks where, they need to fill-in an application according to the credit history of your business (ideally financial status of 2 or 3 years). Most companies find a lot of difficulties here because the business needs personal investments and constant reinvestment from the owners, thus making their history a bit un-satisfactory. Also, they might need to apply before 3 years of their financial year- this also decreases their chances of getting finance.
We Can Financial helped a lot of people in solving this problem. Our experts used to advice IT companies on equity or debt financing for further development. We mostly served companies with income of around 200K to 300K and even those, who are making money up to $1 to $7 million. So, if you are also confused about how to get small business loans and make your business successful, read this article and allow your business to prosper.
Throughout our association with a certain IT company, we noticed that owners used to spend more money and time on equipment leases/purchases, developers salaries and rent. They normally focus on street marketing and online marketing to make their businesses public without considering that fact that banks don’t give finance to any company that is concentrating over its online presence. So, our professionals will first review the position of company with the amount of finance they need, overall performance over the last 2 years, recent and future capital requirements with targeted usage.
Our special concentration is over capital amount invested and usage because banks have strict rules of what to finance and what not to finance. We know that not all IT companies are aware of this fact and they are unsuccessful in getting financial due to insufficient knowledge of banks’ guidelines and requirements. We Can Financial can help the business to meet all the capital requirements.
Our finance specialists can also give suggestions based on the potential financing ways to grow the business rapidly. Since we specialize in this field and emphasize on investing in the initial two years of the business because it is the best way to maximize earning capacity and revenue. We can also analyze the activities that can yield desired results- focusing on profit margin and revenue. With our past experiences, we can assist IT companies to start serving in other activities so as to expand their area of specialization.
Although every case has its certain cases and it requires different approach as compared to the other, we can make things happen with higher customer satisfaction. So, we suggest you to call on our provided numbers and explain how we can assist you!