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Participant

Join Date: Nov 2014
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Establish a Factory

11/22/2014 7:55 PM

Hi friendsI am looking for a way to establish a factory from the help of the Canadian Government and banks, but not from investors.Thank you,Pishyar

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#1

Re: establish a factory

11/22/2014 8:01 PM

That must be because your ideas are not worth investing in. Why would you characterize a bank as a non-investor, anyway?

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#2

Re: establish a factory

11/22/2014 8:12 PM
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#11
In reply to #2

Re: establish a factory

03/10/2015 7:04 PM

Dear SolarEaqle

Thank you very much for your information,but I did not receive any money yet.

Oping a factory is too hard without money, and I sometimes want to cut this way, but I remember your example about the riding a bicycle, and I keep again.

regards,

Mohammad

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#3

Re: establish a factory

11/22/2014 11:46 PM

Are you in Canada? No?

Go.

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#4

Re: establish a factory

11/23/2014 1:29 PM

You have contacted the wrong website, we are not the Canadian government.

I have heard of getting the wrong phone number, but wrong website?

Try contacting the Canadian government directly and see if they have a grants program or similar you can apply for.

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#5

Re: establish a factory

11/23/2014 8:14 PM

Where? What? Why? When?

Could go on but that should be enough for now!

Did I ask how? Or was that your question?

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#6

Re: establish a factory

11/24/2014 5:33 AM

If you have an established product that is currently imported into Canada, and wish to manufacture there to cope with increased demand, the Canadian government will offer a grant via it's import substitution policy. The grant is unlikely to be than 30% of the cost of establishing your factory and will be based on matched funding, that is you have to find the other 70%. Of this 70% a Canadian bank will back some in the form of a long term lone provided you present a good business case. Banks usually want some form of security so unless your product is patented/protected they will almost certainly not offer funding. The best you can expect from a bank is 10-15% of your total costs so that external funding is below 50% and the bulk of the risk is yours.

If this is a start-up, has no established track record with audited accounts to back up the figures, or has no established market in Canada, I do not rate your chances of success very high.

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#7

Re: Establish a Factory

11/24/2014 9:08 AM

Your project sounds very suspicious but in case I am overly sensitive you may Google a company called SBFC Small Business Finance Center, and purchase their book on loans, grants etc. listing all incentives from the entire Canadian area both Provincial and Federal. This book if I remember is in the $ 450.00 range and is well worth it also there are updates for life so the purchase price is not timed out in this aspect. These programs are not easy to access and you will have intrusion for years to come from inspectors.

Since you mention factory you may have to do a 180 on the investor mindset as acquiring competent professionals to manage the company with some investor cash could be a very wise choice. My theory is the more active brains the better and a brain with some cash involvement is called a super brain. The mindset of banks with our dumbded down society are not friendly to manufacturing as these decision makers have never made anything in their sorry lives. They do finance paper pushers and non producers as they favour this activity. The previous advice on banks is on course and be sure to have excess cash at start up as there is always a guy named Murphy that will upset the plan. Without some data on your product there is not much anyone that has been there and done that can help you in accurate suggestions.

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#8

Re: Establish a Factory

11/24/2014 12:22 PM

Good for you. What are you going to produce?

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#9

Re: Establish a Factory

11/24/2014 1:53 PM

Your not thinking of manufacturing football bats by any chance? I tried and they where not interested.

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#10

Re: Establish a Factory

11/26/2014 7:48 PM

I heard that the boys at general motors had some govt. financing help recently. You might ask them.

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IdeaSmith (1); jack of all trades (1); jhhassociates (1); lyn (1); NotUrOrdinaryJoe (1); pishyar (1); roy hammy (1); SolarEagle (1); tonyhemet (1); Tornado (1); Unredundant (1)

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