Applications are available through chartered banks, caisses populaires and most loan, trust and insurance companies. TPC invests in projects that foster international competitiveness, innovation and commercialization, as well as increased investment in Canada. Industry Canada Industry Canada through Strategis provides Canadians with Sources of Financing and a growing number of on-line and electronic commerce services Back to top Banks are the main source of debt financing for businesses. Mainly, they provide business loans to companies that already have product and service revenues. Normally, if your company requires financing, you will need to provide security against the money advanced to you.
Acceptable securities are usually fixed assets, inventories or liquid securities.
Traditionally, commercial banks have not considered technology under development to be satisfactory security for a corporate or personal loan. However, there has been a recent shift toward supporting knowledge-based businesses, with some banks setting up special units to assist technology companies with their financing needs. These financial institutions provide a number of key services targeted to the needs of entrepreneurs. The services include lines of credit, term loans, commercial mortgages, business credit cards and equipment leasing. In addition, many banks provide a variety of international business services, including obtaining credit information on foreign buyers, helping your buyer obtain financing, reducing your foreign currency exposure, financing foreign receivables, and providing assistance in issuing a bond or performance guarantee.