How This Revised Business Financing Program Could Help You

During the pandemic, enterprises had to re-evaluate their business strategies to survive. Therefore, post-COVID-19, there has been a significant demand for Management Consultants to help companies address sustainability, recovery, and expansion plans.

Management Consultants help clients expand by tweaking human resource management processes, assisting with resource retention, and recommending business model changes. They also help with applying for financing programs.

Canada Small Business Financing Program

The Canadian government recently revised the Canada Small Business Financing Program Act to support small businesses more efficiently. Therefore, Working capital and intangible assets are now eligible for the program on top of the increase in the financing amount.

The Act was updated to support small businesses directly by giving access to low-cost financing that the federal government sponsors. However, small companies require an updated business plan to qualify for the financing program.

As a result, we are experiencing more inquiries for business plan reviews, development, and updates. Therefore, we are currently hiring as we want to be in a solid position to manage and guide the strategy implementation that brings enhanced ROI to small businesses. Additionally, we want to make them compliant with the financing program.

However, the trend also attracts new entrants into the business consultancy space, which could disrupt the market. Therefore, we advise enterprises to do their due diligence and work with qualified consultants that know the industry and have a proven track of acquiring financing for businesses.

Get in touch with us today!

With many years of experience, Paradigm Business Plans will help you get your business on the right track. We provide our clients with winning business plans for financing, management, and immigration purposes.

We serve clients across Canada from our Head office in Thornhill, which is close to Toronto, Richmond Hill, Vaughan, Markham, Mississauga, and the rest of GTA.

To learn more about the other services we have to offer, please click here. If you have any questions about business planning, please get in touch with us by calling 1-866-895-8730. Alternatively, you can email info@paradigmbusinessplans.com.