There’s a financial program in Canada that has been around for decades that is geared to supporting the Entrepreneur in the Startup process. It’s called the Canada Small Business Financing Program. It supports the business with up to a $500,000 loan.

There’s a slight problem though, hardly anyone in British Columbia knows about it.

Financial institutions deliver the program and make all credit decisions.   Small businesses must visit their local bank, credit union to obtain a loan under the program. Read the rest of this entry

1. Keep the written plan size to a reasonable length, max 25 pages not including appendices with all relevant documents, like resume, research, etc
2. The Business plan represents your company and you, make it look great, bind it, use graphics and make sure there are no typos
3. Keep it conservative but optimistic especially with your financials Read the rest of this entry

You’ve started your enterprise and you’re short of funds a long time before you thought you might need money. What do you do?

Let’s check out your Equifax and Beacon (aka FICO) score. If your credit check works out to acceptability according to the bank’s standards; congratulations, you can get a personal loan.

Try telling them the loan is for your new business venture. The very first thing they will ask you for is a personal guarantee and financials for the last 3 years, but wait aren’t you a startup? Read the rest of this entry