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Canadian Small Businesses Get New Source of Loans

U.S.-based Advanced Business Capital Expanding to Canada

Vancouver, B.C., May 26 , 2009.

Even at the best of times, it can be difficult for small businesses to obtain loans.

“Bank requirements for small and medium sized business loans have changed dramatically in the past 20 years, and in today's economic environment they are especially prohibitive,” says ABC founder Keith McKenzie. “We cut the lost time and drudgery out of this painful process and allow businesses to get on with what they do best.”

Since starting up in Ohio in 1995, Advanced Business Capital has arranged loans of close to half a billion dollars to over 400 businesses, including manufacturing, retail, service, construction, wholesale, agricultural, energy and financial companies. It began expanding into more U.S. states two years ago and is now starting up in Canada beginning with B.C. and Alberta.

McKenzie sees Canada as a great expansion opportunity. “It's a new market for Advanced Business Capital, but we see Canada as a close neighbour and business partner in greater need than ever of the lifeblood of capital, just like us.”

Advanced Business Capital is a one-stop lending shop that does everything from creating a business plan to preparing and submitting loan packages. It can arrange for up to $5,000,000 working capital and up to $100,000 unsecured. Preliminary approvals are often done within 24 to 48 hours.

For more information please contact: 604-844-2831

Jim Patton, Associate:

Paul MacDonald, Associate:

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