In Canada, is it possible to get bank/bdc financing with only the target business cashflows/assets being pledged as collateral? Or do they need a guarantee from another source like an operating business/personal guarantee?
Depends on the deal, but I’ve never heard of any bank willing to lend anyone any money without a personal guarantee. Pure corporate credit is something for companies much bigger than what I discuss on this channel. If the business has $2-5m in revenue, it might qualify for a corporate Amex program with a $25-50K limit. That’s probably the most accessible corporate credit outside of some equipment leasing offers.
Not usually, although I have done things like add bonuses or discounted ad-ons at certain times of year. The programs are all priced too low as it is. Any special offers are only put out on my email list. www.DavidCBarnettList.com to join.
Looking forward to the rest of this playlist
Thanks for watching!
Informative and well explained, thanks!
Yes!
In Canada, is it possible to get bank/bdc financing with only the target business cashflows/assets being pledged as collateral? Or do they need a guarantee from another source like an operating business/personal guarantee?
Depends on the deal, but I’ve never heard of any bank willing to lend anyone any money without a personal guarantee. Pure corporate credit is something for companies much bigger than what I discuss on this channel.
If the business has $2-5m in revenue, it might qualify for a corporate Amex program with a $25-50K limit. That’s probably the most accessible corporate credit outside of some equipment leasing offers.
Great video. Do you do any sales for your course for holidays or anything?
Not usually, although I have done things like add bonuses or discounted ad-ons at certain times of year. The programs are all priced too low as it is. Any special offers are only put out on my email list. www.DavidCBarnettList.com to join.