Finance my Calgary & Area Business

Are you REALLY prepared for financing? Our first recommendation to you, before you do anything else, is to check your Credit Bureau. This can be done by going to the Equifax Canada website and ordering the Score Power report for $23.95. The reason we suggest Equifax is that every lender we deal with, recognize and accept Equifax credit reports.

Buying Commercial Property

If you are an existing business and you are considering Buying Commercial Property, the following is a checklist of core items that you should have in hand BEFORE applying for financing. It will simply make your financing application process less stressful and will increase your chances of getting an approval. 

Item #1: A copy of the Purchase Agreement

Item #2: A copy of two or three years accountant prepared company financial statements. 

Item #3: A list of references - (ideally 3 suppliers and 3 clients).

Item #4: You should have written proof of where the down payment is coming from.

Item #5: Some lenders may require a copy of a Business Plan.

The process of securing a Commercial Mortgage can be complex. For more information please visit our business financing website at www.abmsi.ca and our Business Finance BLOG








   

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