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Bank financing in Canada

Le 16 February 2015, 03:53 dans Humeurs 0

Bank financing in Canada is often viewed as a ' hurdle ' for business owners/financial managers, particularly in the SME COMMERCIAL FINANCE needs area. These can be often overcome with some basic knowledge of success strategies to achieve what is arguably the lowest cost/most flexible financing available to the Canadian business owner. We're diving into some truths and myths around bank lending .Let's dig in.

We're not 100% sure of the per cent age amount of bank finance applications that are declined in the Canadian marketplace , but we do know that in talking to clients it's difficult for them to overcome getting inside the box . The box? That's the credit box of ratios, covenants and collateral that your firm must fit in. When you are not approved you're forced to get financing ' outside the box '! - more on that later.

Let's cover off some basic bank solutions to your capital needs, and then let's discuss several key areas you can in effect ' pre-qualify' yourself on, thereby improving chances of success.

The good news in Canadian chartered bank financing is that, when successful, you can achieve all your short, intermediate and long term financing needs for your business.

Those needs? They include ::

- Unsecured business loans: These loans are substantiated by your immediate cash flow. Terms are shorter in nature and are often for interim financing or seasonality finance needs of your business

Business line of credit: This of course is to cover off your ongoing working capital needs. It's quick daily access to your ongoing working capital and cash flow needs. In essence it funds your working capital accounts on your balance sheet - typically A/R and inventory.

Term loans/ Leasing - These solutions allow you to finance fixed assets and take on debt that makes sense for your firm. While not all Canadian banks offer ' leasing' solutions for assets in some cases they partner with major well known players. A term loan can also often achieve the same results and equipment lease finance.

Let's cover off some basics around the process. First of all it's critical to have a strong handle on what can be called your ' use of funds'. Knowing how much to ask for allows you to take a look at your finance statements and ensure you can meet 'debt service' ratios that are required for approval. Key point - banks love ratios! Get used to it! Typically a cash flow ratio of 1.25:1 is required. By knowing your cash flow ratio you can literally determine yourself the amount of busines credit you will qualify for - all other things being equal.

In the SME COMMERCIAL space in Canada owners must have reasonable personal credit. Know your credit score and be prepared to address issues that might arise out of that discussion.

Canadian chartered banks focus a lot of collateral, both inside the business as well as the owners outside net worth/assets. Different types of assets have different value - a good analogy would be real estate versus perishable inventory. Big difference in collateral!

Bank financing can also be achieved via the Govt Guaranteed Business Loan, which is administered by the banks but is actually a govt program, it's a great way to achieve inside the box financing that you might otherwise not qualify for.

If it's necessary to go ' outside the box ' don't forget that numerous non bank solutions exist for business capital needs. They include: Inventory Finance

market is flooded with products

Le 10 February 2015, 13:50 dans Humeurs 0

The market is flooded with products that claim to enhance male organ strength and endurance, with increased longevity and satisfaction assured. In fact, in this age of consumerism there honestly is a product available for every concern. However, one of the biggest problems that consumers face is finding the right product for them as they wade through the many possibilities.

Man1 Man Oil Ingredients and Benefits

Man1 Man Oil contains a combination of essential vitamins, minerals, and vital nutrients for the male organ. The product also contains amino-acids and anti-oxidants, all, of which, help to maintain skin cell function and aid in rejuvenation. Overall, this product provides the manhood with a complete health and nutrient program, so that the male peppino ooks good?and eels great?

The full-list of ingredients in Man1 Man Oil and their benefits are as follows:

Vitamin A, B5, C, D and E ?these vitamins create the perfect system for manhood maintenance as they eliminate bacteria, enhance cell metabolism and function, enhance collagen production, and fight disease, as well as moisturize the skin. This mixture of vitamins is essential to create what can be defined as a lock and re-stock?skin rejuvenation system, where vitamins A and D create a barrier and fight any signs of illness that may compromise male organ health, and vitamins B5, C, and E strengthen and rebuild Peppino skin cells, tissue, and vital components. Overall, these ingredients improve Peppino health and reduce skin conditions associated with activity, which, in turn, enables men to feel more confident in the bedroom.

Acetyl L Carnitine, Alpha Lipoic Acid and L rginine ?a powerful combination of anti-oxidative supplements and enzymes that aid in cell reproduction and assist to improve the overall function of the manhood as nerves, capillaries and other vital components are kept in optimal condition. These products when combined are known to reduce cell damage and increase male organ sensitivity as they slow the cell ageing process and assist in maintaining the health of cell and nerve function.

Shea Butter ?this naturally derived moisturizing product comes from the Shea Tree and is known to soften and heal skin. The use of this product in Man1 helps to decrease skin dryness and also increases skin resilience as the additional moisture improves skin elasticity.

To summarize, 10 of the most significant benefits that Man 1 delivers, with regular use, are as follows:

1. Enhances cell metabolism and function;

2. Rebuilds male organ skin cells;

3. Improves overall peppino health;

4. Reduces skin conditions;

5. Increases confidence;

6. Reduces cell damage;

7. Increases male organ sensitivity;

8. Decreases skin dryness;

9. Increases skin resilience; and

10. Improves skin elasticity.

- Please note ?in order to achieve the full benefits of Man1 Man Oil, as listed above, health professional recommend using the product on a daily basis. In addition, it is also important to note that Man1 Man Oil is not to be considered as a lubricant for intercourse. However, Man1 Man Oil can be used as a lubricant for manual stimulation.


Using Man1 Man Oil over a prolonged period is highly recommended, as it restores manhood sensitivity, improves skin appearance and texture, and increases overall Peppino function. In fact, Man1 Man Oil can be described as the otal makeover?for the manhood, one that will be cherished for many years too come. 

establishment Like his

Le 2 February 2015, 17:30 dans Humeurs 0

History Pseudo-establishment Like his other Abercrombie & Fitch brands, Mike Jeffries created a story to give more depth and meaning to the image of Gilly Hicks, wrapping together all the elements of the concept in an enticing manner. The story centers around a fictional English woman, the eponymous Gilly Hicks. Jeffries has his female character, supposedly "born and raised" in England, moving to Paris to study fashion design in her 20's. The fictional Hicks family later emigrates to Sydney, Australia. From France, Gilly follows suit and arrives in Sydney were "she [feels] an instant connection with the culture [and]...her spirited nature [thrives]." In 1932, Gilly opens an underwear shop within her family's 'British colonial-style manor house' in Sydney's Rose Bay neighborhood. The story states that she found success making "comfortable bras" while helping women feel "confident and sexy", and that women flocked from all over Australia to be fitted into and to purchase Gilly's bras and spend time in her house hearing her jokes and stories of travel. After two generations, Gilly's granddaughter returns in modern day to reopen the "renovated" original store in the Hicks' home. The story is not meant to be taken seriously, but to be enjoyed and to give the shopper a fantasy to live in store. A&F markets the Gilly Hicks brand as "Australian" and being "established" in 1932, and the year is found on GH goods. The stores are designed as a home with multiple rooms, and an idealized "portrait" of the fictitious Gilly hangs in the stores. Critics argue that the story merely makes the brand fake. There is nothing Australian about it at all, just like its creator Mike Jeffries who prides in American casual fashion. A&F Careers calls the brand American with "Sydney sensibility." Nevertheless, the fabricated Australian image is being used as a factor to attract customers and it is working. Currently, no locations exist outside of the United States. Development The construction wall enclosing the store at Mall of America in 2007. The idea for Gilly Hicks was inspired by the phrase "Down Under." Development phase began in 2005 with an assembled "strong and talented development team". By 2006 reports of a "Concept Five" from Abercrombie & Fitch began to circulate on the Internet. However A&F remained tight-lipped on their future brand. Furthermore A&F began to trademark the Gilly Hicks name and sea-related logos in the United States and in the United Kingdom. The August Trademarks Journal reported that the UK trade marking was under four 'classes' including footgear, headgear, intimate apparel and imitate apparel accessories, athletic wear and athletic wear accessories, swimwear and swimwear accessories, fashion accessories, bags, fragrances and jewelry. Furthermore, the names "Gilly Hicks" and "Gilly Hicks: Sydney" were filed for protection by A&F, including prototype logos encompassing conch shells, nautilus, scallops, and sand dollars (with the sea shell seen as the potential final logo). By October 2, 2007, select Hollister Co. stores began to promote GH through beauty products. In the end of 2007, the brand's official homepage was launched as a promotional website, featuring a sepia toned promotional image of five men & one woman all in underwear. By December 26, 2007, the site was made restricted to underage visitors because of its only feature, a racy promotional film. When it came to store locations, Tom Lennox from A&F stated that "having a 'portfolio' of strong brands strengthens Abercrombie's hand when negotiating with mall landlords for space." During the expansion of the upscale wing of Natick Collection, A&F's Concept Five was the first to be arranged an opening on the newly revamped level. Construction of the store soon followed. Employees for the future opening location were required under company policy not to divulge any information they had on the brand to the press or any other entity. They were not even allowed to view the merchandise until two weeks before opening. An employee who requested to remain anonymous mentioned before the opening that "[Abercrombie & Fitch has] done jeans and sweatshirts... The Abercrombie girl needs something for underneath." Investment figures on Gilly Hicks stand at $7.5 million USD in 2006 and up to $15 million USD in 2007. Opening and reception On January 21, 2008, the first Gilly Hicks store opened (measuring 10,000sqft (930m2)) in the upscale wing of Natick Collection with high anticipation. Abercrombie & Fitch analysts were exclusively invited to the event, where Mike Jeffries introduced the brand. He called GH "the Cheeky cousin of Abercrombie & Fitch". Afterwards, the analysts were encouraged to interact with the company's senior management team. After the event, analysts came out very impressed with the brand's image and merchandise 

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