I've been combing through the Canadian Government Side and other resources in Canada in search of an SBA Equivalent Program. DO any of you know where I might be able to discover such a program within Canada?
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Consider the flipside: this is an opportunity to use more seller financing. For example, I just did a deal in Canada that's 100% seller financed, citing Canada's lending climate to the seller.
The next alternative I would consider is seeking private credit from your network-- I've personally participated in these rounds and they're an effective way to get around the burden of banks' loan reporting requirements.
Anecdotally, a friend's fund made a small acquisition with a portion being a loan for an asset-heavy business. They now need 1 FTE dedicated to monthly reports demanded by the bank. Big regrets.