ACCESS TO CAPITAL
Canadian Imperial Advantage addresses the problem of accessing capital for your business by establishing a connection between your capital needs with those prepared to offer the capital. Importantly, Canadian Imperial Advantage helps business owners to access capital from a lender that will sustain his/her business and ensure growth. We are at the forefront of ensuring that small businesses get the right financing for their business.
What is Capital?
Capital is essential for almost all businesses; it is the lifeblood of small businesses. Most entrepreneurs cannot start a new business or grow their existing companies without adequate financing through micro loans, commercial lending, or investment capital. Truly, access to capital is so critical for small businesses to thrive.
Early-stage companies occasionally need capital assistance to stay afloat and finance their day-to-day operations. Despite this, many small businesses and startups find it difficult to get access to capital.
For some businesses, the capital necessary for operating come from bank loans, Small Business Association loans, or even personal credit cards. Even though there are plenty of alternative ways to access capital.
Canadian Imperial Advantage can help you access adequate financing to meet your business needs.
Conventional Lending Programs
- Though the Canada Small Business Financing Program, small businesses can easily get loans from financial institutions by sharing the risk with lenders. The loans can be used to finance certain costs. Up to a maximum of $1,000,000 for one borrower.
- Equipment financing and leasing – get up to 100% financing for new or used equipment. Industries that qualify are agriculture, transportation, construction, manufacturing, mining and oil & gas industry, and forestry
- Business line of credit
- Working capital loan
- Business term loan
Potential Sources of Capital
There are a range of equity investment sources, from private equity to angel investments.
Loans are a very common way to get access to capital and with loans is the fact that you don’t need to relinquish any equity in your business.
crowdfunding is about engaging “crowds” to co-fund business ideas and ventures, often in exchange for equity in the business.
There are limited grants available for small businesses. Contact us for more information about available grants for Research and Development