Blue Chip Wealth Strategies Inc.

Banking / Financing

NEW SERVICE:
Banking Terms & Condition Review - Flat Fee $300.00

Commercial Financing Solutions

An effective funding structure can be the foundation to growing your business. Blue Chip takes the time to understand your requirements and develop a finance solution to suit your long-term needs.

Whether you are:

Financing the Purchase or Expansion of Your Business
Restructure Existing Financing
Partnership Buy-Out
Financing Capital Purchases
Review of Existing Financial Structure
Re-negotiating Terms and Conditions of Existing Financing

You can benefit from our Consultants expertise, and through them gain access to the major lenders and their industry specialists.

Blue Chip can help you:

Pesent a Successful Funding Application
Source the Best Rates
Negotiate Loan Conditions
Structure Your Loan Effectively

We also provide on-going advocacy and support.

Successfully Applying for Finance

When applying for funding, it's important to speak the banks language and understand the key criteria by which they assess your suitability as a borrower.

The success of your application will be based upon a number of factors including:

Your Management Experience and Qualifications
Historical Financial Results
Owners Equity
The Industry Your Business is in
Competitive Threats
The Strength of Your Financial Plans
Your Contingency Plans

Blue Chip understands what the banks are looking for in a funding application and can present your position in a way that is more likely to have a positive result.

We help you send the right signals to your lender to ease their concerns and present your business position in the best possible light.

Not all banks are the same. Each bank has a different level of receptivity for each industry. Knowing which banks have a higher level of receptivity for your specific industry saves you time and increases the success of your loan proposal.

Price, structure and terms are all important in deciding which option is the best for your business. However, a relationship with a willing and co-operative Banker is often overlooked. Blue Chip strongly supports continuing with existing banking relationships, where those relationships exist.

Bank Annual Review Preparation

With the recent global financial crisis and the resulting stricter bank regulations that are being implemented world-wide, all banks (including Canadian) are increasing their risk rating systems for all commercial borrowing customers.

Risk rating of the commercial customers are completed at the time of the annual review and the resulting risk rating has a direct impact on pricing, security and total loan limits provided to each customer. The annual review process has been increased in both time and details. The process will be critical in not only the review of existing credit facilities, but lay the ground work for all additional funding requirements.

Blue Chip, as part of the consulting contract, will undertake a complete analysis and preparation of information that will meet the new bank requirements. A professional and complete presentation to the bank improves overall relationship and willingness of the bank to accommodate your requests.

Timing of the review process ideally should begin with the review of the Draft Financial Statements, to ensure that you can make an informed decision on the final presentation of the financial year, balancing tax planning and being ‘Bankable’.

Although the annual review process can take 1 to 2 days per company, a properly completed review of your operations at this time will result in less time required throughout the year, and well ensure that your bank facilities are kept up to date at all times.