There is an excessive amount of traffic coming from your Region.

#EANF#

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Reality Check! Financing Your Restaurant Business Via a Franchise Business Loan Is Possible

Congratulations! We think. So you actually really do want to open or purchase a restaurant? We always admire clients who have decided on this business decision given the amount or risk and work that is often involved. Our comments and info on financing your restaurant business pertain specifically to a franchise business loan, but to be honest being think they are 100% applicable to financing any non franchise restaurant.First the key good news, there are a number of options available to finance a restaurant. Although it’s a non financial reason, the reality is that you will be more successful in your financing if you can demonstrate previous experience in owning, managing, or working in the industry – that’s only common sense. The type of passion and your enthusiasm about your business usually transcends into one of the key positives in your lender or lenders assessing your application.You will noticed we used the term lender or lenders… that is because in the current economic environment of 2010, where we have just come through a global recession that affected every industry it has been necessary in many cases to cobble together your financing through a number of sources.The next question always comes very quickly from our clients – What are those sources, who is financing restaurants. Well the goods news is that the government is! What do we mean by that? Simply that one of the most popular programs out there is the federal government BIL/CSBF program which finances the majority of franchise restaurants in Canada. Who knew! The program is very attractive, and in our opinion quite frankly is the best program for financing a restaurant, franchise or non franchise, in Canada. Basic terms of the program are a lending cap of $ 350,000.00 and rates and terms in the 5-6% range currently with 5 to 7 year amortizations.What most prospective restaurant entrepreneurs don’t realize is that the government sponsors and guarantees the program, but your friendly banker runs it. In our experience many bankers are ill equipped to process this loan, so the golden jewel in restaurant financing in Canada, in our humble opinion, is the ability to source a business financing advisor who can successfully, ( and quickly ) get you approved. Naturally as with any business financing there are some basic criteria that need to be met, but it you have got the fundamentals you are well on your way to financing your restaurant business.The fundamentals we referred to include a responsible down payment by yourself – we call this your owner equity. You know the next question our clients ask already – ‘how much down? The reality is that it depends, but we can say safely that your down payment should be commensurate with your financing loan total amount request.Many restaurants in Canada are financed by the seller, i.e. the franchisor, or the current franchisee who is selling. What do we mean by that? Simply that if a creative structure is required the franchisor or the current owner can offer to hold a vendor take back, allowing you to replay that amount later at some agreed upon interest rate. This simply minimizes the amount you have to borrow and qualify for.Other methods of financing your restaurant include lease equipment financing for all or a portion of the hard assets. This type of financing is easier to get approved, as it primarily focuses on the hard assets being financing. Again, this also has the ability to lower the amount you need to finance from bank perspective.Restaurant owners love the ‘ bottom line’ which hopefully is profit. Our bottom line in our information is simply that franchise business loans and financing your restaurant business are achievable, and you do have options. Search out an expert and get ready to open those doors to your customers after you have successfully completing the financing of your restaurant venture.

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Christmas Arts and Crafts for Children

At times it may sound a little boring, but there are many ways how to decorate your house and make lots of crafts from the Christmas lights. It is not just you who has to celebrate the festivals and enjoy the holidays but your family too who have an equal right to do so. And then of course come along the little children whom you have to take care of and see that they enjoy their holidays. In a family there are various kinds of people with different attitudes. You have to deal with each of them in a different manner. And moreover every time you need not play games but you can also have some art and craft activities which can be a lot of fun for all the children present. You can search for some ways how to use the Christmas lights in different ways so that you can make some useful things out of them. Such activities can be done by the children and will also keep them involved during those days.In the earlier days most of the Christmas gifts were made by hand as there were not many shops which sold such things. Most of the people believed in making the gifts by themselves as they said that it showed warmth and affection. Even today there are many families who try to keep such traditions alive and make it a point that every gift is made by them. But these days there are many shops which sell Christmas gifts and also most of the people do not have much time so as to make gifts at home. But to keep the children involved you need to think of various art and craft ideas which can be entertaining as well as easy enough for them.If you wish to decorate some small items you can use the smaller lights which are available in various colors these days. Those ones are perfect for the smaller decorations. For example if you wish to make a snowman, a wreath or you wish to write some message for someone, you can do it perfectly with these smaller lights.There are a lot of toys which are specially handcrafted out of the Christmas lights. These days children have a lot of projects also wherein you can use the lights and create beautiful Christmas art and craft designs. For all such activities the major requirement is a lot of lights, some glue, wood and a small drill.First take plywood and paint it. After that cut it in the shape of whatever you want and then just drill some holes. Then take the lights and put them through those holes and paste them with glue so that they stay in position.By doing so you can create Christmas art and craft activities for children.

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