daTextBox= Canova Bancorp must make sensible decisions about the clients from whom we accept assignments, because we do not have the resources to work for every company that is interested in our services. We try to work with companies that display the best opportunity for succeeding, that understand the need to have professional help in reaching their goal, and that are willing to engage that help. We have developed our CapitalAccessTM program, a comprehensive preparation and development process, to assist those companies.
CapitalAccessTM is a program that Canova Bancorp uses for identifying qualified sources of financing for its clients, and in some cases directing those financing sources right to the clients. This program utilizes the extensive research that we have completed over the past five years to identify financing sources, their investment and/or lending preferences and criteria, and their investment and/or lending process. In some cases we have already worked with those financing sources to complete transactions. We work primarily with institutional financing sources, and will work with very sophisticated individual investors and/or lenders under the right circumstances. We do not work with retail or ‘angel’ financers because we believe that our clients need access to the patient financing that most sophisticated and institutional sources represent.
In using the term 'institutional' financing sources, we include commercial banks, trust companies, mortgage companies, finance companies, asset-based lenders, venture capital companies, pension funds, investment companies, investment trusts, insurance companies etc., - all of whom have a declared interest in, and a track record of, making capital investments and/or loans.
If the situation warrants it, Canova Bancorp will proactively direct prospective financing sources to its' clients. Otherwise Canova Bancorp represents its clients, and only its clients, through every step of the financing search process, preparing or reviewing business plans and financial projections, completing a critique of marketing and sales strategies, undertaking informal business valuations, identifying prospective financing sources, and presenting to and carrying out negotiations with those sources. Canova Bancorp can equip you with a full financing package that is an effective tool to be delivered to potential financing sources effectively and economically.
|