All Forum Posts by: MIchael McCUe

I need to know if this is financing that I need to use or not (line of credit), I'm gonna be ramping my revenue ASAP as a new contractor installing windows and doors, I've got a property I'll buy in the immediate future, Is it blow or no show? please let me know why otherwise thank you.

Employees unless it’s a-bit wiser over their. 

Hey just went into business with my brothers all as sole proprietorship to do windows and door installs, we wanna hire people, what’s the structure of what I need to do it all legally , Canadian “ON

What sort of registration do I need , ideally the people we hire are more or less already qualified installers, it’s much less of an apprenticeship.

What sort of insurance is needed ?

do privet brokers tend to have real estate opportunities such as foreclosures this that and the other up for an owner to invest on, thanks at helping me learn the differences hear thanks.

Alright I know theirs the general banks like TD and Scotiabank but thier also privet lending, what’s the best deal should I use brokers instead, thanks to whom concerns.

Quote from @Andrew Syrios:

You can finance equipment like an excavator but I'm not sure what you're asking about with regards to bankruptcy. 

At the very end when you can’t use the equipment because of decay what’s the follow up, I believe in real estate you would then declair bankruptcy, and forfeit the property loan agreement without taking credit score or financial losse on the lease, im really hoping to find out , thanks for your time as well.

I went to the bank and they said a credit line leasing loan she said she doesn’t know exactly but approximately the interest is 7.7 to 8% with property,what I really want to understand is, can I expect the interest to stay the same other wise how do I adjust expectations for future payments? Thanks for everybody’s time, much appreciated.

Quote from @Wyatt Wolff:

Best way to finance, probably not. I guess it would depend on what you are looking for. Do you just need access to liquidity? In that case, just get a credit line 

A credit line is this based on lease payments, also are these lease period loans the most common way to finance say a transport truck, general equipment and manufacturing ? Also what’s the range in interest I’ll have hear, thanks for your attention.

Is this the best way to finance businesses generally speaking, I’m a windows and doors installer 

I don’t know if this is categorized as heavy equipment,I think I read you can lend on custom assets do you think these will give me this option for general construction equipment. Like a 1 ton mini excavator