We work extensively with the all of the major Canadian banks, the Business Development Bank of Canada (BDC), Export Development Bank (EDC), as well as a number of credit unions located in the GTA.
Traditional lenders (commonly referred to as senior debt lenders) typically provide the following types of financing solutions:
- Line of Credit
- Term Loan
- Commercial Real Estate Mortgages
- Letters of Credit
- Government Back Loans (CSFBL)
- Merchant Services (Visa, Mastercard & Amex)
- Purchase Order Financing
Traditional lenders are also generally referred to as cash flow lenders, in that they primarily only lend to businesses that are profitable and have a history of profitability. Some can lend to start up businesses.
In some situations, we are able to combine both a traditional and non-traditional solution together to help clients get the maximum amount of financing they need.
For more information on if your business qualifies for a traditional financing solution, please contact us.