financing
for
Business
May 2024
About
Canatara
Canatara is an Independent Broker of Alternative Business Financing solutions for Small and Medium size businesses.
Services include Factoring Accounts Receivable, Working Capital, Business Term Loans and Business Lines of Credit
NEW - Canatara has developed a new, on-line B-to-B Networking and Lead Generation platform https://www.keybusinessconnect.com
Canatara Services
Factoring
Factoring is where a business sells its accounts receivable to a third party at a discount. This allows businesses to receive immediate cash flow instead of waiting to get paid over the usual 30, 60, or even 90 days.
It is also useful tool for managing cash flow and for businesses that do not qualify for bank loans due to a lack of credit history or other reasons. The cost of factoring, which includes the discount taken by the factor and other fees, should be considered against the benefits of immediate cash access.
Alternative Business Finanace
Alternative Business Finance is any funding source outside of traditional bank loans. It encompasses a wide range of financing models, including peer-to-peer lending, crowdfunding, invoice financing, and merchant cash advances. Unlike conventional loans, ABF often offers more flexible terms, quicker access to funds, and caters to businesses that might not qualify for bank loans due to strict lending criteria.
Key Business Connect
Key Business Connect is an online Networking and Lead Generation Membership Directory for buyers and vendors. We provide online exposure for your business to thousands of potential clients. Once your Join Key Business Connect you will be able to provide a comprehensive snapshot about your business that could serve as your main online exposure, even if you do not have a website.
FAQs
What are the advantages of hiring a broker?
A broker provides advantages to navigate the complex and varied landscape of non-traditional financing options. Key Benefits:
- Expertise and Insight
- Time Saving
- Access to a wider Network of Lenders
- Improved chance of approval
- Negotiation on your behalf
- Cost Effectiveness
- Guidance and Support
- Risk Management
- Speed
Who can benefit from Alternative Financing?
Virtually any business can benefit from alternative financing, especially those that are unable to secure traditional bank loans. Startups, small and medium-sized enterprises (SMEs), and businesses with irregular cash flow find it particularly advantageous. It's also an excellent option for companies looking for short-term loans or those in need of immediate capital to seize growth opportunities.
How Quickly Can I Access Funds Through Alternative Financing?
One of the significant advantages of alternative financing is the speed at which businesses can access funds. Depending on the type of financing and the provider, funds can be available in as little as 24 hours to a few weeks after application. This rapid turnaround is especially beneficial for businesses that need urgent funding to cover unexpected expenses or capitalize on timely opportunities.
Get a quote or set up a consultation.
Phone
888-651-0004
Email
info@canatara.ca
social
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