Does Anyone Know If Canada Offers A Similar Sba Program To Us?

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01/06/2021 Redacted Redacted

searcher University of Guelph Columbia University

DOES ANYONE KNOW IF CANADA OFFERS A SIMILAR SBA PROGRAM TO US?

4 likes 116 views 17 comments

admin Massachusetts Institute of Technology - MIT Sloan School of Management Taylor University Stanford University - Graduate School of Business - 01/07/2021

Tagging a few Searchfunders who have commented on SBA equivalent lenders in Canada who may be able to contribute to this thread: ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted

like reply | 2 likes

investor University of Western Ontario University of Toronto Ivey Business School at Western University - 01/07/2021

No. Closest you get is bdc but involves costly financing. Sr lenders are the best bet and easier to work with. Happy to help.

like reply | 2 likes

searcher Carleton University - 01/07/2021

I agree with Glen. Nothing close to SBA in Canada. Your best bet for low rates and/or good terms is the major banks. BDC has higher rates but is more aggressive than the major banks. If you want absolute maximum leverage, there are some very aggressive alternative lenders, but they get expensive (10%+). DM me if you'd like to chat further.

like reply | 3 likes

searcher University of Guelph Columbia University - 01/07/2021

Thank you Matthew and I will reach out via DM to learn more.

like reply | 0 likes

lender University of Pennsylvania - The Wharton School New York University - Leonard N. Stern School of Business - 01/08/2021

I have some solutions, call me if you would like[redacted]

like reply | 0 likes

searcher Université du Québec à Montréal - 01/07/2021

BDC is the most flexible but you have Canada Small Business Financing Program.

Video explanation :
https://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/home

Guideline
https://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/h_la03133.html

like reply | 2 likes

searcher Carleton College University of Chicago - 01/11/2021

I also want to add in a word for my favorite of the major banks: Royal Bank of Canada.

like reply | 1 like

searcher Western University - 01/11/2021

Any advice on thinking about ways to structure a deal without doing a Personal Guarantee when dealing with the Big 5 CAD Banks for a solo searcher?

like reply | 1 like

searcher HEC Montréal Queen's University Peking University - 01/14/2021

The consistent feedback I get from the bankers, is that they will remove the PG as long as they feel that they will recoup the debt if the company goes sideways.A few things that they look for: either an investor (s) with very deep pockets and doesn't want the mark on their track record, that you have a long standing relationship with the bank or lastly have done several "similar" transactions and have a track record of successes.

like reply | 2 likes

searcher - 11/08/2021

I'm on the same boat, looks like SBA program could finance up to 95% of the acquisition. It would be great to learn more about the BDC and Canada Small Business Financing Program.

like reply | 0 likes

searcher - 11/09/2021

Why do you want to sale your soul? If you approaching the SBA you are lazy and can't get money from investors.

like reply | 0 likes

searcher Camosun College - 11/09/2021

Unfortunately not as there is no program funded by the government similar to the SBA in the US.

like reply | 0 likes

lender University of Missouri - Columbia - 11/10/2021

The banks is Canada are a little more open to cash flow lending at smaller ebitda than we can do in the US. Different regulators, less competitors (only 5 banks in most markets), etc. Orlando and Charles feel free to DM or email me [redacted] and I can put you in contact with one of my peers in Canada to discuss.

like reply | 1 like

searcher - 11/11/2021

The cashflow lending banks will definitely help with financing options, thanks for that information, I'd also like to learn more why this is the case for banks in Canada. Sent you a DM and will also email you Colin.

like reply | 0 likes

searcher IESE Business School Massachusetts Institute of Technology - MIT Sloan School of Management ESADE - ESADE Business School - 11/10/2021

HI Michael, if you need flexible funding we can help. I represent a private lending fund with competitive rates. Feel free to DM.

like reply | 1 like

searcher - 11/11/2021

I sent you a DM Arnau, I'd like to connect as well. I'm based in Toronto.

like reply | 0 likes

searcher INSEAD University of British Columbia - 11/18/2021

Products offered by BDC are the closest thing that I've found: https://www.bdc.ca/en/bdc-capital/growth-transition-capital

like reply | 0 likes

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