Advisory Services

Working with us

Canadawide Financial Consultants are here to help you grow your business; we operate with strategic vision and a pragmatic approach. Our range of services are designed to work in harmony with you, supporting you along the way, keeping you on track and guiding the business towards the targets you have set.

Retainer Consulting

• We represent a client company as an extension of the Management Team.​
• This begins with complete understanding of the organization’s situation, objectives, and constraints.
• We then represent the client company quietly and confidentially, sorting through the issues and problems that constrain the business.
• This may involve liaising with suppliers or tax offices or the bank- either way we unlock the barriers to success and get the business moving again, leading it to a more robust and secure future.

Diagnostic consulting

• Sometimes you just can’t see the wood for the trees, no matter what you do or try, it feels that the world is battling against you.
• More often than not you understand the problem, indeed you probably know the answer but finding the time to approach it objectively and turn the position round takes time, finance and sometimes skill that isn’t always in abundance; that’s where we come in.
• We offer an unbiased appraisal of the situation, we seek to understand the constraints that the business and the staff operate under, the challenges they face and the difficulties in delivering what they are there to do.
• We approach each business as unique and we spend most of our time listening and discussing and then checking that we have heard correctly; then and only then do we go away to check our facts.
• Our findings are presented in the “real world” often we will offer alternative strategies but whatever the outcome we will show you a way forward.
• A typical diagnostic review can be as short as one day, to the longer, project based analysis that may take several weeks.

project consulting

• We acknowledge that we often come across the same problems on a daily basis but on each occasion we guarantee the circumstances will be different whether it’s the market environment, the culture or the people involved each problem will presents itself uniquely.
• Our bespoke solution seeks to address the above and it starts by listening to what you want to achieve and then offering you specific, detailed, project based support.
• Proposed and billed on a per-project and per-milestone basis, project consulting offers a Client Company a way to harness our specific qualities and use our expertise to solve your critical problems, develop and/or implement plans and develop specific initiatives.

Business Financing

What is covered under the Small Business Financing?​

​This federal government guaranteed loan provides the financing you need to get a business started or help an existing business grow. The loan under the Canada Small Business Finance Act is designed to help businesses purchase, install, renovate and modernize business equipment and other fixed assets.

How much business finance can I borrow?

We specialize in arranging business finance for all types of businesses and work with you to place your loan with the best lender we can find. The amount lent to any given person or organisation is usually limited by the collateral they can provide and/ or their ability to repay the loan. The larger the loan, the more security required and the greater the repayments need to be.

Generally speaking banks will lend between 50 to 75% of the purchase price of the business. If it’s a well-recognized franchise it could be at the upper end of this or even a little more. Lending will depend on several things, like the type of business, its cash flow, history, and your experience to operate such a business. Also, the mix of assets, inventory and goodwill will play a part in determining how much they will lend.

For the likes of a Commercial building, Motel, Hotels etc. (land and buildings), banks tend to lend 50 to 65% of the valuation. The more secure the asset, the better the cash flow, the more favorable their evaluation. 

What interest rates and terms can I expect?

​The interest rates and your bank fees are negotiated and will be the best we can source. Business finance is usually slightly more expensive than housing finance. Your repayment terms will largely depend on the strength of your application and security offered. We will shop key lending institutions to get you the best possible deal for your consideration.

​Are there other things that can impact on how much I can borrow?

​Lenders will look at your assets and liabilities as well as the assets of the business. They will then consider the debt servicing ability of the business and any other outside income you can introduce or debt you are currently servicing.

​What security or collateral can I borrow against?

​Houses are great - Banks will usually lend 80 % of the value of your home and or rental properties. This often becomes a good option as borrowing against the residual equity (value of house – debt) in your home can be more attractive as residential rates are more attractive than paying business finance rates. 

​Life Insurance Policies – can be used as security if they have a “cash surrender” value. We will need to obtain a copy of the policy showing the policy number and cash surrender value.

There are few lenders who will consider plant and equipment for security, and these are unlikely to go to 65 or 70%. Let us know what other assets you have.

What if I have no house and very little cash?

​Your options may be limited, as banks have requirements that must be met. Other options include getting someone to act as guarantor for your loan, or even have the vendor leave money in the business.

What do banks/ lenders require?

​Things you need to obtain and the banks/ lenders will require are;

• What type of business is it
• Information as to the businesses trading history (ability to service borrowings) - Generally the last three years Financial Statements for the business.
• Asking price (Fully broken down i.e. Land and Buildings, Plant and Equipment, Fixtures and Fittings, Vehicles, inventory and Goodwill etc.
• The amount you are looking to borrow
• Cash or equity you have and security you are willing to supply.
• Skills you bring to the business i.e. your brief CV and the CV of any other directors being appointed.
• The completed business finance application – we will provide you the form on request.

Business finance is a complicated field and many have difficulty in getting it right. 

Why use Canadawide Financial Consultants?

• Experienced business consultants specializing in business banking and lending.
• Qualified professional team including management consultants, ex-bankers, accountants, lawyers and mortgage specialists.
• Understand businesses – act as business mentors.
• Know how to do the deal – will structure it to your advantage.
• Save you the hassle of approaching lenders one by one as business owners often do not have the luxury of time.
• We also provide an initial pre-assessment of your documents before providing you with an unbiased opinion as to where the highest chances of approval are.
• ​Last but not least, we help clients obtain funds starting from the lowest interest costs in the market and at the quantum you’d require; in your best interests.
• And you only pay if it goes ahead!

​What do I need to do to apply for business financing?

​To apply for business financing you need;

• To be a Canadian resident
• Over 18 years of age
• Have acceptable security and or collateral

You also need to have identified the business you wish to purchase and know how much you need to borrow, along with a breakdown of the price and the last 2 years business history.

If you have these, you can inquire about business finance now, and we will work with you to formulate your application.

How long does it take to process an application?

​We’re fast and efficient, and rely on you providing the correct information required by the lending institutions – once we have this it can happen within days. Prior to this we can let you know what to expect given your application and the amount being sought.

​How quickly can I receive financing?

​With the appropriate information and documentation available it is possible to secure funding in as early as 3 business days. We take your privacy very seriously. All your information is managed securely, for more information see our privacy statement.

​Is Canadawide Financial a lender?

​No, Canadawide Financial is not a lender. Instead, Canadawide Financial works with a network of lenders nationwide to connect them with small business owners who are seeking financing.

What businesses are eligible to apply for a loan?

​Typically, lenders seek established businesses (in operation for 2 years or more) that are profitable and have a solid credit history. However, Startup loans are also available to entrepreneurs who are in the beginning stages of their ventures.

​What if I haven’t found a suitable business yet?

​To prepare a finance application you need to know what you are dealing with, therefore once you have a rough idea of how much you can spend on a business it’s best to get busy. Search business for sale websites and other mediums, once you have found a suitable business and have done your homework you can then make an offer subject to suitable finance (this is our area of expertise), and any other necessary conditions including a period for due diligence just to make sure all is as presented.

We can’t get a pre-approval for you as the business being purchased is critical to the process.

What other areas can Canadawide Financial can help me in?​

• In how the business is structured
• To register your business or incorporate your new company
• Strategic business planning and ongoing management support
• How does taxation impact on you, your business, any trusts or other entities you have, we can provide advice and some options before you take further steps
• In managing your bookkeeping, accounting and financial reporting requirements
• Identifying what the risks are of being in business and what options you have to protect against the risk,
• Help with structuring your business plan and getting SMART goals in place that are easy to action.
• Getting your cash flow monitored and compared to your forecasts.
• If you wish to inquire getting finance for an existing business or franchise please inquire with us for business finance.

Alternatively, if you own a business and are looking for working capital; buy additional plant; or need help establishing a new business, then please contact us.

​How is CANADAWIDE FINANCIAL different from other business funding intermediaries?

​Incorporated in 2008, CFCL has the following advantages: a vast knowledge base of bank requirements and government schemes, a wide network of lenders, and experienced, efficient consultants. We are also people-centered, making sure we understand each client’s unique needs in relation to their company’s industry context and long-term goals.

We strongly believe in acting in the best interests of our clients, providing an unbiased opinion to them. We also stay firm to our values which is to under promise and over deliver, and be honest with our clients if we are not able to assist. However, we will provide advice to help improve on their business should they not qualify for any facilities at the moment. Service quality is also one of the traits that we constantly strive to upkeep and provide our clients with by going the extra mile for them at all times.

​Does CaNADAWIDE FINANCIAL have any charges?

Yes, we have a one time consultancy fee charge of a certain percentage of the loan quantum disbursed to you. This is payable only after you’ve accepted the Letter of Offer for the loan approval. This one time fee works as a tiered system in which the higher the quantum you obtain, the lower the charges will be. Most importantly, we do not charge a single cent should we not manage to help you obtain the funds you require. Contact us at +1.844.699.9890 to find out how the loan application process works.

What can I use the Canada small business finance loan for?

The CSBF Loan can be used towards:

• the purchase or improvement of land or buildings used for business/ commercial purposes
• the purchase or improvement of new or used equipment
• the purchase of new or existing leasehold improvements (i.e. renovations to a leased property by a tenant)
• payment of the loan registration fee

Controllership Services

Why avail services of CFO-On-Call or a Part-time CFO?

Here’s what you get with our Controllership services:

• More time to focus on new services, new customers and other core business issues.
• Better understanding of the financial side of your business. So you have less surprises and more control over the money.
• Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
• A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
• The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.
• A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
• Training and managing your accounting staff.
• Improved quality and timeliness of financial information.
• Budget preparation and monitoring.
• Profitability analysis by service or product line.
• Tax saving strategies.
• Trend analysis.
• Assistance in defining long-range plans and the quantification of goals.
• Cash management.
• Liaison with bankers, attorneys, vendors, insurance agents, etc.
• Assistance in obtaining financing from banks, including assistance with negotiations.
• Review/negotiation of insurance policies.
• Development of company accounting procedure manuals.
• Analysis of equipment purchases, expansions, etc.
• Mergers and acquisitions assistance
• Custom designed collection policies and procedures