Insights

Nearly every commercial loan to an owner-managed business includes a personal guarantee. What it does, what it does not do, and how experienced borrowers negotiate it.

Progress-draw financing works when the lender, the cost consultant and the builder agree on the rules up front. What to expect from a well-run draw process and how to avoid the common delays.

A second-position private loan behind your bank is possible, but only if the bank agrees in writing. What an intercreditor or priority agreement covers and how to ask for one.

A signed term sheet is not money in the account. The five conditions that most often delay or derail a private credit closing, and how to clear them early.

Short-term loans are meant to be repaid early. How Canadian private lenders price that, what open and closed mean, and the questions to ask before you sign.

Lenders respond fastest to files that answer their first ten questions before they are asked. The exact package we recommend for a private credit request in Canada.