Interview content:
0:59 The first place to look for financing
1:41 When a bank might say no
2:13 What is a "covenant"?
2:38 Will banks make exceptions?
3:04 If one banks says no, would another say yes?
3:31 An example of bank financing: Doug Ford (father of Doug and Rob Ford) and Deco Labels & Tags (http://www.decolabels.com)
5:58 Looking outside the banks: Factoring (invoice discounting)
8:39 Industries which use factoring
11:18 How big is factoring in Canada?
12:14 Looking outside the banks: US lenders
13:28 How banks and the government look at nonbank financing
14:20 What often happens to the borrowers
14:54 When is the right time to return to the bank"
15:30 What's the role of a M&A expert?
16:32 More options
17:51 The key message
18:30 If you meet your convenants, can a bank say no?
19:34 How to reach Mark
Tea At Taxevity brings you insights from insiders who make life better. The diverse interviews are recorded live in West Toronto and feature LinkedIn connections of your Taxevity team. Your host is actuary Promod Sharma (http://www.linkedin.com/in/promod).