Can you live in Canada and your own business?
It's tough. :
Canada, factoring factoring in Canada, factoring in factoring, factoring loan
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There is a unique set of Canadian business funding challenges. If you're like most business owners you probably have turned to banking to get a loan. But getting a business loan is difficult. In the case of businesses such as your business must have years of valuable operational experience to qualify, new things grow. Or, what if you do not qualify for a business loan, but do you still have a great business?
It is not always available. They are available from factoring companies. Are these two usual issues?
<b> Problem: It takes 60 days for your client to pay. You need to pay faster! </ b> <br>
Waiting for up to 60 days or sometimes) is a business owner for something very difficult to pay. Especially if you have a payroll, such as regular expenses, rent and suppliers. The solution to this challenge is to consider your late payment bill. It is also possible to discount the bill discount, also known as the Bounty, which accelerates your payments, reducing the two days to 60 days. It is very easy to get and the main requirement is to do business with a good commercial or government customer.
<b> Problem: Your client has just made a bulk order. You need money to pay the manufacturer. </ b> <br>
If you are a distributor, wholesaler or reseller, you have a unique set of challenges. There are suppliers that need to be paid immediately and customers who want to pay slowly, leaving them hooked in between. The solution for this challenge is a purchase order loan. Purchase order financing covers up to 100% of your manufacturer's payment, enabling you to deliver goods and close sales. The money you buy can be delivered that you can know with great confidence.
Is <b> financing for you factoring or purchasing orders for you? </ b> <br>
You meet two very important criteria First, your profit margin should be more than 10%, ideally close to 20% (or more) and secondly, you are a reputable commercial If you do business with customers and governments and meet these two criteria, these products should help you grow your company and take it to the next level.
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