I have such respect for the Community Business Banking people at Vancity. The government backed loans they promote, e.g. the Be My Own Boss loan and Peer Lending loans are tailor made for the small enterprise. As long as you have a Business Plan and realistic goals you can actually get a loan even in this market.
Try getting that from the Big Banks! Ha…I have placed about 20 loans through this program. That means 20 businesses have been financed with startup capital. As President of the BC Entrepreneur Development Association (representing 6000 BC businesses) I have not seen the Big Banks ‘walk the walk’. They like to tell you they are there for the entrepreneur but none of my clients have ever gotten a loan from them. It makes you wonder why they finance Entrepreneur of the Year Awards, etc. but don’t support startups without persoanl guarantees.