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goodwood · 10-06-2006, 04:40 PM

Does anybody know of a good place in Canada to get ahold of some Funding. I am almost at the one year mark of my retail biz and we grew a lil faster than expected. lol. So I am looking for some funding to help me with my winter gear, whitch is byfar our biggest season. When you buy snowboards and bindings and boots, it adds up sooo fast. It is tough also because since its only like our 3 or 4
order with some of these companies, they ask for COD instead of NET 15 or even 30. We have been able to get Net 30-90 with some, but not all.

So any info to help me out would be awsome!

Thank you for your time.

goodwood.

jdoc · 10-06-2006, 06:19 PM

I'd suggest looking at the typical commercial banks (TD, Scotia, RBC, BMO) as well as Canadian Western (I believe they are in Saskatchewan), and the BDC (particularly their Young Entrepeneur loan program) for the working capital you need. Since you're buying inventory, they'll probably only cover 50-70% of the price tag to you but it should help you get where you need to be.

Cheers and good luck!