In previous blog entries we have been discussing how seniors are starting businesses, many after they have retired and want a small business not just for the additional income, but also for the chance to do something they always wanted to do. Not every senior wants to dip into, or have the savings to borrow against, when starting a small business. Opening a business is not just about renting office space Toronto and hanging out your shingle saying Open for Business. It takes money to get a business off the ground.

One of our office space Toronto clients suggested that the first place that a senior should look for help with business financing is by looking into to government grants. He mentioned that many Provinces and States offer grant programs to help seniors start small businesses. According to Steven Trustrum of the www.grants-loans.org blog “Provincial Ontario government grants for seniors do exist, specifically, for ones who need grants for starting business ventures. The Canadian government has set aside grants for different individuals, irrespective of the fact they are the youth or the senior citizens of the country.”

Once a senior has researched provincial and federal government grant programs, he or she should also look at government loan guarantee programs that will help secure the funding needed to get their business going and growing.

Most banks offer small business loans with a wide range of options. A small business loan is an excellent choice to assist with the purchase, improvement or expansion of business assets. Small business loans from banks are traditionally amounts from $10,000. While business loans may be the solution for some small businesses, for others a business line of credit may be a better solution. This is because once established, a business line of credit allows a small business to create its own loan at any time as needed. A business line of credit will give a business a fixed limit of money to draw against that could be used in any way needed, including to secure office space for rent Toronto. The best part of a line of credit is that users only need to pay interest on the amount they borrow.

Just like banks, credit unions can also be a great source of business financing. But unlike banks, credit unions are non-profit organizations who work for their members and not shareholders. Credit unions are usually more willing to work with their customers because they are member-owners. A senior who has been a member of credit union for a number of years has already established a relationship with the staff and management of the institution – unlike one they could have built with a bank. George De La Rosa, CEO of Luminus Financial, says that “As a member-owner of Luminus Financial, customers have our commitment to live up to our promise of a ‘Clearly Better Banking’ experience.” The Luminus Financial main branch is located on the second floor of the Toronto Star Building and is one that a number of small businesses at Telsec use, including Toronto office space clients who are seniors.

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We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

Small Business Financing for Seniors

Looking to Learn More?

Reasons Why Seniors are Starting Businesses

More Senior Women Entrepreneurs Take Office Space for Rent Toronto

Small Business Financing for Seniors

Looking to Learn More?

Reasons Why Seniors are Starting Businesses

More Senior Women Entrepreneurs Take Office Space for Rent Toronto

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