Mortgage Blog

Type of Business Loans In Ontario

June 7, 2022 | Posted by: Michael Marshall

In Ontario, getting a business loan may be the best option for you and your trade.Acquiring a business loan can help get a new business off the ground or launch an established business to new areas of expansion and success.  Starting, maintaining and expanding your business in Ontario takes a lot of time, effort, and of course, funding. Here are just some of the types of business loans you can acquire through financing:

Start- Up and Expansion:

One of the toughest challenges for small businesses is securing adequate financing. From real estate to equipment, to employees, to marketing, etc. starting a business can be expensive when you’re trying to start. Our team provides options to help Ontario businesses in the start-up phase right through to expansion. Our consultants can help you obtain equipment financing, working capital loans, purchase order financing, and asset purchases.

Franchise Loans

Franchise loans are one of the fastest growing methods of business expansion in Canada, and can help you grow your business. Buying into a successful fast-food chain or gas station, for example, can offer an instant revenue which means less time struggling to grow a start-up. But buying a franchise can also be a risky undertaking, that’s why ensuring you get the right business loan is important. We have extensive experience helping franchisees secure financing across Ontario, let us help you navigate through the red tape and make your dream a reality. We understand how unique franchise systems are and offer a full suite of customized franchise financing solutions to help grow your franchise business.

Unsecured and Secured Line of Credit

When considering applying for a business loan or line of credit, you have a choice between a secured and unsecured line of credit. Whether or not you choose a secured or unsecured line of credit depends in large part on why you need it. For example,an unsecured line of credit (such as a credit card) for everyday purchases may make the most sense. An unsecured line of credit is usually not your best option if you need to borrow a lot of money. A secured credit line of credit, a business or individual can obtain using assets as collateral. A secured line of credit typically comes with a higher credit limit and a significantly lower interest rate than an unsecured line of credit does. We have a strong team of consultants dedicated to finding you the loan or line of credit that best suits your business needs.

Merger and Business Acquisition Loans

There are several different ways to acquire financing for an acquisition. They can be done through various types of capital. In fact, larger companies and deals might leverage more than one method of financing. The proper business acquisition finance depends on your business, the business being acquired, and where they both are at. A critical part of making a successful acquisition is negotiating an optimal financing structure.  We can assist the acquiring company by paying the target company through methods such as cash, stock swaps, debt, hybrid financing.

Private Funding

Private financing refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for commercial real estate, and other purposes, private money is offered by individuals or organizations and may have non-traditional qualifying guidelines.There are risks associated with private lending for both the lender and borrowers. There is traditionally less 'red tape' and regulation. 

The Lending Line Capital consultants have a team of private lenders looking to fund your deal based on specific criteria. One of our consultants can help you find the loan and term that is best suited to your financial goals, help you assess your financing strategies, and ensure you have access to ideal financing solutions. Contact us today to talk about your financing strategies for your business.

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