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Acquisition Financing:
Hyland Capital can secure financing for the acquisition of an existing business or for management or employee buyouts. This type of financing is typically structured by either using loans from the company to be repaid into the company or looking at securing the funding from personal assets. Please contact us today to discuss your particular situation and we would be happy to provide the appropriate guidance.
Start up Financing:
Hyland Capital can help qualified individuals or companies to secure financing for a new venture (including franchises). Most funding sources will look at the following criteria when assessing a new venture:
A complete and thoroughly prepared business plan, including detailed financial projections: No funders will consider an application without this. Hyland Capital can help you to prepare your business plan or recommend professionals to complete it for you.
Experience of the borrower related to the venture: A funding source will be unlikely to support a request if the borrowers have no prior experience in the business they are planning to run.
Cash injection of the owner: Funding sources will be much more likely to support a request if the owner has a personal stake in the success of the new business. Lenders typically look for a minimum of 25%, but in many cases more is required, depending on the nature of the business and the amount of financing requested.
Financial Position of the owner: The financial (including credit) situation of the borrower is of paramount importance in any lending transaction, and funders will thoroughly analyze this, and expect it to be free of any major deficiencies when considering start up financing.
Types of financing offered:
For start ups and franchises, Hyland Capital can secure both traditional loans and government grants.
Traditional lending will be structured according to any assets the new business will require as well as personal guarantees for any working capital.
Hyland Capital has access to the many government funding programs (including grants and forgiveable loans) that the Canadian Government has available. We will help to prepare your funding application with the appropriate agencies, if we feel you will qualify. This service is fee-based and we do require a percentage of every successful application.
Hyland Capital is eager to work with individuals and businesses who are looking to start a new venture. Due to the lack of a track record for new businesses, it is a more complicated process to secure the funding, as compared to established companies. We have seen hundreds of viable opportunities and ideas, and would be more than happy to discuss your dreams and provide insight into the likelihood of using financing to get things going.
While we do have access to certain equity based lenders and programs (companies and/or individuals who will want a percentage of ownership in exchange for providing funds for the business) we typically avoid those situations as they can be very time-consuming and costly for all parties concerned.
Please contact us today to discuss your situation.
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