You have a business idea, but chasing down rainbows have yet to yield that pot of gold. So, how to get the money you need to get things moving? Business financing can be a tough and intimidating world to get into and understand. Come over to SOARE to join a moderated Q&A session with 3 common sources of business financing for entrepreneurs here in the Sea to Sky!
Our guests will be representatives from BDC, RBC, and CF, on common misconceptions, myths, pragmatic advice on getting yourself ready for financing, and how to set your business up for success. All three financial partners are suited for different situations and business cases; use this opportunity to help determine who you are best suited for, by asking your questions right at the source!
Food & Drink provided with your ticket purchase.
A bit more about who are gusts are:
- BDC (Business Development Bank of Canada) is a federal Crown corporation in Canada that provides financial and advisory services to small and medium-sized businesses (SMEs). BDC operates across Canada to support entrepreneurs in achieving their goals by offering services tailored to their needs.
- RBC (Royal Bank of Canada) is one of Canada's largest financial institutions, offering a wide range of financial services to individuals, businesses, and institutions. With a strong presence in British Columbia (BC) and across the country, RBC serves diverse needs through its branches, digital platforms, and specialized services.
- CF (Community Futures) is a national program in Canada with regional offices that support economic development and entrepreneurship in rural communities. CF plays a vital role in fostering local economic growth by offering flexible financing options for small and medium-sized businesses that may not qualify for traditional bank loans, focusing on supporting startups, expansions, and rural business ventures.
We will cover the following topics:
What kind of businesses are best suited for the financing options that are offered at BDC / RBC / CF ? In essence, who are you for?
What are some common challenges faced by people applying for financing from your institution / organization?
Entrepreneurship can be inherently risky; how does your institution / organization handle risk with early-stage businesses?
What is something you wish everyone knew about business financing? Is there something specific to your institution / organization?
What is an example of a "win" in recent memory from the S2S region that your institution / organization helped support?