21 Nov

Canadian Food and Beverage Sector: 2024 Outlook

General

Posted by: Parth Patel

Sector overview

  • Food and beverage (F&B) manufacturers transform inputs
    into value-added products for food retailers, restaurants
    and consumers. Despite recent economic headwinds, the
    long-term outlook is positive, due to strong population
    growth and rising global demand.
  • Main industries
    Meat product manufacturing (25.5%) $42.7 billion
    Grain and oilseed milling (12.7%) $21.3 billion
    Dairy product manufacturing (10.9%) $18.2 billion
    Bakeries and tortilla manufacturing (10.6%) $17.8 billion
  • These four industries accounted for nearly 60% of all F&B
    manufacturing sales in Canada in 2023

  • The following seven trends are likely to have a strong impact on Canada’s F&B manufacturing
    sector over the next decade.
    1. Weaker consumer spending- We ill specifically focus on this point due to domestic consumer pattern
    2. Evolving consumer preferences
    3. Persistent labour shortages
    4. Declining productivity
    5. Altered water access due to climate change
    6. Regulatory compliance
    7. Export markets diversification

  The challenge

Inflation, restrictive monetary policy and a weaker economy have strained Canadian households’ budgets. Consumers are paying more for essentials such as food, housing and transport, all while managing higher debt loads. Statistics Canada’s 2023 data shows that spending on F&B products rose 7.5% year over year. One major driver of the increase was food-price inflation. Prices rose by 7.8% in 2023,7 a significant gain considering that food prices had already risen by 9.8% in 2022. The rapid rise in prices was due to several factors, including geopolitical conflicts (such as the Russia–Ukraine war) and climate events, which affected crop yields.

 

Planning to open restaurant/Hospitality Business in Canada? Feel free to call me to get an Industry insights & Financing.

Parth Patel
 Commercial & Residential Mortgage Agent Level-2/Team Lead @ DLC National LTD.
 Cell Phone: +1-226-246-0236
 Email: parthpatel@dominionlending.ca
 Web :https://mortgagebrokerparth.com/
 Address: 5675 Whittle Road, Mississauga, ON, L4Z 3P8
 Independently owned & operated. FSRA Licensed #12360

Source: BDC Business Bulletin 2024 market outlook for F & B Industry Canada.

15 May

Small Business Financing

General

Posted by: Parth Patel

BUSINESS LOAN APPLICATION PROCEDURE & TYPES OF FINANCING OPTIONS AVAILABLE FOR YOUR BUSINESS:
GUIDE TO CREATE SUCCESSFUL BUSINESS BY:

Parth Patel-Mortgage Agent Level-2
parthpatel@dominionlending.ca
(226) 246-0236
Lic #12360
Independently Owned & Operated.

 

Hello and welcome!

Are you a small business owner looking to grow your business in Canada? We’re here to help! At Parth Patel-DLC Nationals-Team mortgage Assurance we understand the unique challenges faced by small businesses, and we’re dedicated to supporting your success with our tailored small business loan solutions.

1-UNDERSTANDING THE BUSINESS

What is your primary business activity? We want to understand your company’s history, objectives, and financial needs better. This will help us recommend the most suitable loan option for you.
Ask relevant questions about the business to your self:
How long has your business been operating?
What is your business’s primary industry or sector?
What are your short-term and long-term business objectives?
Do you have any specific plans or projects for which you need the loan?
We have a range of small business loan options designed to meet your needs.

Here are some of our popular loan products:
Government Guarantee Canada small business loan: This loan is designed to help young entrepreneur to start their own business with minimum down payment. Applicant only require 25% Guarantee of the loan amount & rest 75% Guarantee by Government.
Ideal for existing business purchase or new business starting at shell unit. Also include commercial property purchase.

Maximum Loan amount:
$500,000 without property
$1.2 Mil with property

Term Loans: Ideal for funding long-term projects, expansion, or equipment purchases. They come with fixed interest rates and repayment terms.

Working Capital Loans: Designed to cover day-to-day operational expenses or to bridge cash flow gaps. We have lenders who can get up to $500,000 working capital loan based on Personal credit, Business financial & net worth of stakeholders of the company.

Equipment Financing: If you require new machinery or equipment for your business, this loan option can help you acquire them with flexible payment plans.

Line of Credit: Access funds when needed and only pay interest on the amount you use. It’s a great option for managing seasonal fluctuations or unexpected expenses.

2-BENEFITS OF OUR LOANS
Now that you know about our loan options let’s discuss the benefits of choosing [Lender-Financial Institution] for your small business loan:
Competitive Interest Rates: We offer competitive interest rates to help you save on borrowing costs.
Flexibility: Our loan terms are flexible, allowing you to choose the repayment schedule that aligns with your business’s cash flow. We often offer First 90 days principal payment deferral to help navigate great cash flow at beginning of the business.
Quick Approval Process: We understand that time is of the essence for small businesses, and we strive to process loan applications swiftly.
Personalized Solutions: Our team will work closely with you to create a loan package tailored to your business’s unique needs.

3-APPLICATION PROCESS
To begin the application process, please prepare the following documents:
Purchase & sales agreement / Estimates of contractor & quotes from 2 different contractors
Personal Tax documents for 2 years
Personal net-worth statements
Business Plan: An overview of your business, its objectives, and how the loan will be used.
Financial Statements: Including income statements, balance sheets, and cash flow projections.
Proof of Business Ownership: Business registration documents.
Personal Identification: Government-issued ID for all business owners.
Once you have these documents ready, you can schedule an appointment with us.

FINAL THOUGHTS!
Remember, taking a small business loan can be a significant step towards achieving your business goals. At Parth Patel-AKAL Mortgages INC., we are committed to supporting Canadian entrepreneurs like you throughout your journey.
If you have any more questions or need further assistance, please feel free to ask. Our team is here to guide you through the process and help your business thrive.

Thank you for considering Parth Patel-DLC Nationals-Team Mortgage Assurance for your small business loan needs. We look forward to working with you and being a part of your business’s success story!