Non-Traditional Financing
We work extensively with several non-traditional and alternative lenders that provide a wide range of financing solutions to Canadian businesses. Many of these lenders do not offer any retail banking, and would therefore be thought of as merchant banks. They also range in size, from small niche lenders, to larger global lenders that have expanded into North America over the past number of years.
Non-traditional lenders (commonly referred to as asset-based lenders or alternative lenders) typically provide the following types of financing solutions:
- Lines of Credit
- Term Loans
- Purchase Order (PO) Financing
- Asset-Based Lending (ABL)
- Factoring
- Venture Loans
- Merchant Advance
- Royalty Financing
- Subordinate Debt (Sub-Debt Financing)
- Equipment Leasing
- Real Estate Mortgages
- Collateral Mortgages
- Government Backed Loans (CSBFL, BDC and EDC)
- DIP (Debtor In Possession)
- Bridge Financing
- Bulge Financing
- Letters of Credit (L/C’s)
- SAAS Financing (Software As A Service)
Non-traditional lenders generally lend to businesses where traditional banks say “no”, businesses that are growing rapidly, those that are in transition or turnaround, and to businesses in distress. Some can lend to start-ups or early stage businesses.
In some situations, we are able to combine both non-traditional and traditional solutions to help clients get the maximum amount of financing needed.
For more information on your business’ qualification for a non-traditional financing solution, please contact us.
