<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01 Transitional//EN' 'http://www.w3.org/TR/html4/loose.dtd'>; <html><head><title>Article Directory Online : Free Online Article Submission - Articleonlinedirectory | Franchise Business Financing - Canadian Solutions</title></head><body><h3>Franchise Business Financing - Canadian Solutions</h3><br /><br />By: <br /><br /><p>Franchise Business Financing - if you ask a Canadian entrepreneur and prospective franchisee what kind of financing him or she is looking for they would normally simply indicate they want their financing approved, they don't really focus on what type of financing is achievable in the Canadian marketplace.<br /> <br /> Franchise Financing in Canada does not come with unlimited options with respect to strategies, amounts, and different rates, terms, and structures. <br /> When we meet with prospective franchisees looking for financing we discuss both traditional and some non - traditional methods of financing their new venture.<br /> <br /> Naturally most business owners prefer ' debt financing ' or borrowed funds, as the preferred financing solution - taking in partners or outside equity , angel investors, etc has all sorts of complications - the bottom line is that non debt alternatives force the entrepreneur to give up substantial equity and control, both of which are too valuable in early stages of building a business .<br /> So that brings us back to - How are franchises financed in Canada. The main financier of franchises in Canada, and its probably a surprise to most people, is the Canadian government. The federal government underwrites the CSBF loan program that the vast majority of franchisees utilize to compliment their own investment. We can't over emphasize that the business community, i.e. banks, lenders, etc look to yourself as the franchisee to put some level of your own investment into the business. <br /> <br /> When full financing has not been able to be achieved by the CSBF loan then our firm has been successful in putting together working capital term loans, lease asset financing, etc, to round out the financing package.<br /> <br /> Franchisees use funds to buy a first time franchise, expand another unit under their franchise agreement, and purchase an existing franchise from another owner. In many instances franchise financing is required to upgrade a current franchise with respect to leasehold improvements to the facility, asset upgrades, etc.<br /> <br /> Franchise financing doesn't happen over night, many franchisees, or potential franchisees are disappointed with timing of financing if they find they have entered into financing discussions too late in the game. We also encourage franchisees to enlist the services of a trusted business financing advisor who has knowledge, experience, and credibility in the field of franchise financing in Canada.<br /> <br /> It is strong recommended, in fact, quite frankly, it's required, that a detailed business plan be put in place to facilitate the approval of the financing. This plan should emphasize the background of the franchisee, the business opportunity, and the growth and profit potential of the business model. If business owners don't feel capable of preparing such a document we often work with them, encouraging their input on items such as potential sales goals, costs and expenses, etc.<br /> <br /> Franchise financing in Canada - its available, its not complicated ! - just plan early and use an expert to guide you through the process.</p> <br /><br /><b>Author Resource:-></b> Stan Prokop is founder of 7 Park Avenue Financial - www.7parkavenuefinancial.com<br > Originating financing for Canadian companies,specializing in working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies of all size . For info and free consultation on Canadian business financing and contact details see : http://www.7parkavenuefinancial.com/franchise_financing.html<br /><br /><b>Article From</b> <a href='http://www.articleonlinedirectory.com/'>Article Directory Online : Free Online Article Submission - Articleonlinedirectory</a><br /></body></html>
