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mb8 wednesday aug 31 1983 balance sheet i by john kane john kane ca is a resident of markham and a partner with thome riddell char tered accountants i almost every business needs to borrow money at some point in its existence debt whether for startup expansion or simply carrying on daily operations is a fact of life for the vast majority of companies however simply needing a loan isnt the same thing as getting one as many busi ness owners have found out to their dis may although access to financing is more crucial than ever in todays business cli mate its not at all easy to get a business loan even when the need is great and the purpose seems worthwhile nevertheless obtaining the money you require isnt an impossible task if you approach it in the right way whats neces sary is a good measure of financing kno- 4tfvi4 y whow to be successful in your search for funds you need above all to be able to speak the language of your lender and for this reason you should havea reasonable good knowledge of the lending market and loan requirements as well as the presenta- tion skills to prepare an application that will gain the lenders trust 1 the following suggestions can go a long way towards making your quest for financ ing a successful one match the lender to the loan very often the type of lender you approach for a loan will depend on the kind of loan you need and what you want it for if you need a longterm loan for plant expansion for example your best bet is often the trust companies who specialize in this type of financing shortterm inventory loans on the other hand are more often handled by the chartered banks v j choose your branch carefully not all bank branches arecreated equal fronta- business borrowers viewpoint branch managers ha ve a lot of discretion over the loans they apprbveand the terms and con ditions they set and some are more likely to be helpful than others look for a senior person with a lot of experience in commer- cial lending who has the knowledge to ev aluate your company on its own merits where possible do business at a special ized commercial branch get suggestions from your lawyer and accountant about which manager and branch is best for you consider the lenders needs lenders dont enjoy refusing loan applications but they have no choice if they feel that the business in question presents an unaccept able risk thus be prepared to show that you are a good risk by presenting com plete financial information and being spe- i v ia- -j-i- c jscific about what you want the loan for and wby it will improve your business r increase your equity if theres a single magic figure that lenders use in deciding whether or not to grant a business loan its owners equity this figure whichrepre- sents the amount of money that the owner has invested in the business is a strong indicator of the firms profitability flex- ibility and growth potential its a good idea to increase your equity if at all possi- ble before applying for a loan liquidate some personal assets perhaps or ask a relative or friend to invest pay attention to cash flow its vital to demonstrate to the lender that your com pany can generate the cash it needs to handle the loan payments many seeming ly successful businesses get into a lot of trouble because of cash problems lenders know this and they usually want to see a sbs xiv j4t cash flow projectionforthe loan period v with payments included to make sure you wont miss payments or default because of cash shortages vvv avij dont forget thegoverninentprivate sector lenders are not the only source of business financing- both the federal and provincial governments ha ve a wide range of loan and grant programs that are of in- terest to many companies host of these programs have special procedures and re- quirements so its vital to research them thoroughly well before you need the funds but in any case dont neglect this very sub stantial source of financial aid fora free copy of a brochure entitled pre senting your case for a loan which gives more information about business loans lenders and financing proposals contact your local thorne riddell office or write co the balance sheet this newspaper ii 1 1 mi hi ii i all mi i14 cw list with the action team j real estate specialists key advertising support 27 years in markham y mortgage division y immediate mortgage committments no delay y y y any one for tennis 3 acre private estate professionally decorated master ensujite jacuzzi panelled den and recroom with airtight stove exciting entertainment centre coach house with apartment 369000 bill ward 4771270 4773089 value plus lovely 3 bedroom 2 storey offers spacious living dining room eatin kitchen pine family room fireplace rodeen antrobus 294- 1372 tudor style on 1 acre ravine 5 bedroom custom built large rooms separate dining room family room with stone fireplace 6 walkout to covered patio office exercise room beautiful pool 310000 bill ward 477- 1270 4773089 outoftown buyers through our international referral system toronto buyers through our 28area offices over 500 sales representatives office space superb markham local up to 750 sqft of air conditioned modern office space ample free parking banking and restaurant in plaza for your convenience for details contact don leyland 4771270 8875033 just listed york i immaculate 4 bedroom all brick home 2- fireplaces concrete patio ceramics galore call gab- rieleposchar 2941372 j u vvms stouffville 88900 on a quiet culdesac sits this lovely 3 bedroom home eatin kitchen 2 baths walkout to fenced garden gay lacoursiere 2941372 ext243 just listed in town backing onto open fields eatin kitchen with walk out to deck 3 bedrooms re croom 37000 1st mortgage 11 91500 maryuean sider 6402082 just listed 60 lot beautiful 4 bedroom 2 storey situated on a quiet crescent fea tures greenhouse kitchen family room fireplace plus many up grades ijodeen antrobus 2941372 priced to sell 169900 spacious 4 bedroom 2 storey hollywood style kitchen main floor family room 2 fireplaces central air vac rodeen antro bus 2941372 35 affordable a semidetached 2storey home on a quiet crescent backing to a park 3 bedroom spacious kitch en price 78900 call susan moon 2941372 beavert0n town country acreage cannington east at edge of town 60 beautiful acres2 creeks pond site good working land till drained ideal building site for that country home you have dreamt of 69900 ann purvis 9852828 or 4267351 stouffville north only 66900 for this 3 bedroom aluminum bungalow lovely oak kitchen cupboards separate din ing room with walkout to deck pinefamily room fireplace bev moxley 2941372 country estate this tree lined driveway leads to a gracious 6 bedroom home sunken living room stone fire place walkout to inground pool 100 productive acres 420000 pauline mancin 2s41372 ext243 young sharp 96900 all brick 3 bedroom 2 storey fea tures large living dining area eatin kitchen 3 baths rodeen antrobus 2941372 v tjj6n v4tvl mature trees watch the colour change right from your patio in this country setting 3 bedroom 2 storey charmer country kitchen 119900 call susan moon or george crompton 2941372 just listed end unit this 3 bedroom townhome fea tures upgraded beige broad- loom finished recroom neat clean i to view call nicole de- wsbury 2941372 i unionville beauty solid 3 bedroom bungalow on quiet dead end street with holly wood kitchen spacious master with ensuite recroom games room with fireplace 129900 linda killackey 2941372 only 67500 three bedroom townhouse close to schools shopping five ap pliances included childrens playground at back door lloyd coxworth 2941372 move in with a new mortgagei a professionally finished re croom really sets this cozy 3 bed room apartment from the others family trust mortgages avail able with 10 down malcolm knight 2941372 70500 brock twp farm 100 acres of good arable land 90 acres working 2 road fron tages hwy 48 excellent dairy barn drive shed brick house in good repair homey farm kitchen vendor will hold mortgage ann purvis 9852828 or 4267351 retirement delight cannington 3 bedroom bunga low close to stores churches l- shaped living room dining room eatin kitchen all new alum siding for maintenance free exterior 49900 ann purvis 9852828 or 4267351 zoned c1 great potential 75000 3 bedroom century n brick double lot hwy frontage double garage workshop- pauline mancini 2941372 ext243 could you give a lonely home some tlc7 50000 uxbridge central loca tion 2 or 3 bedrooms large sce nic back garden renovation potential dont resist the temp tation to call lynn moore 852- 3443 or 2941372 ext243 in town 89900 immaculate homel central air 3 bedrooms 2 baths recroom with fireplace mary jean sider 6402082 country elegance panoramic view executive home3800 sqft liv ing space 10 acres 6 mile n uxbridge for the discriminating buyerawaiting your finishing touches 193500 maggie mcl- vor 2941372 ext243 call your family truist area specialist markham 2941372 unionville 4771270 stouffville 6402082 uxbridge 8523443 v