The Challenge

AA small business operating in a
low-margin environment was
grappling with the financial strain of
a high-interest commercial
property loan during a recession.
The high interest rates were eating
into their already thin profit margins,
threatening the survival of the
business.

Our Approach

Our team of financial consultants was
brought in to devise a strategic plan to
refinance the commercial property loan
at a lower interest rate. We helped the
company apply for the Canada Small
Business Financing Program (CSBFL),
which offers up to $1,000,000 for any one
borrower. The CSBFL is a government-sponsored
loan program that shares the risk with
lenders, making it easier for small
businesses to secure loans¹. The interest
rates for CSBFL loans are determined by
the bank and can be either fixed or
variable¹

The Outcome

The company was successful in securing a CSBFL loan and used it to refinance its commercial
property loan at a significantly lower interest rate. This resulted in substantial cost savings
and improved the company's profit margins.
The lower interest rates provided the company with the financial breathing space it needed
to survive in the low-margin environment during the recession. The success of this project
underscores the importance of strategic financial planning and the effective use of
government financing programs like the CSBFL in improving a company's financial health. The company's
management team was highly satisfied with the results and appreciated our team's efforts in
turning around their financial situation.

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