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Financial Solutions were Discussed Tuesday.

 

RBC Small Business Banking Advisor Cheryl Hilts spoke to the Flin Flon and District Chamber of Commerce Tuesday about financing solutions for your business.  She talked about short term financing which is for day to day needs for your business for one year or less and long term financing which is for one to five years for large purchases. She explained short term options can offer businesses over draft protection or offer a business line of credit and long term financing will cover the cost of big ticket items or services removing the strain on their short term cash flow.  Hilts also noted commercial appraisals are very expensive since an appraiser has to come from Winnipeg and she suggested the Chamber establish a list of businesses that are seeking loans so the financial institutions can contact the Chamber and those businesses can share the cost of bringing in an appraiser.

             

Information on the options can be found by contacting an RBC advisor or any financial institution.

 

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