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!