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?

2 likes 68 views 9 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]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, (To our commenters, THANK YOU in advance for helping to make Searchfunder a collaborative community. Be sure take advantage of our recent integration with IBISWorld Canada if you are not already doing so: https://www.searchfunder.com/ibisworld?country=124. Full native integration will be available in a few days with unlimited access. With Best Wishes, ^[redacted]‌)

Also, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌ are Searcher friendly lenders that cover Canada.

like reply | 1 like

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 | 1 like

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 | 2 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 | 1 like

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 | 0 likes

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 | 0 likes

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 | 1 like

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