Capital needs and modelling
An integrated financial model that shows how much capital you need, when and under which scenarios.
- Three-statement model
- Cash flow and covenant scenarios
- Use of funds
Capital Funding and Financing
We help owners and leadership teams raise the right capital on the right terms: government-backed loans, bank and private debt, and equity from investors who fit the business.
Our approach
Build the capital stack from the cheapest money up
Growth, acquisitions, new plants and turnarounds all need capital. The difference between a good and a poor financing is often not the rate, but the structure: how much is non-dilutive, how much is debt, what it is secured on and what it lets you do next.
We plan the full stack, prepare the business to meet lenders and investors, run the process and stay through closing.
The capital stack
Five layers, in order of cost
We start at the bottom of the stack and move up only when needed, so you keep more ownership and pay less for capital.
05Highest cost · shares ownership
Equity
Family offices, private equity and strategic partners
04Flexible · higher rate
Private credit
Specialty, mezzanine and asset-based lenders
03Lower rate · needs cash flow and security
Senior bank debt
Operating lines, term loans and refinancing
02Patient terms · often interest-free
Government-backed financing
BDC, EDC, the Canada Small Business Financing Program and repayable contributions
01Lowest cost · no repayment
Non-dilutive public funding
Grants and tax credits
What we do
Capital advisory services
Funding strategy
The right mix of public funding, debt and equity for your plan, risk and ownership goals.
- Capital stack design
- Lender and investor long list
- Timeline and process plan
Lender and investor readiness
Everything a credit committee or investor expects to see, prepared to a professional standard.
- Information memorandum
- Management presentation
- Data room and diligence support
Debt raising and refinancing
We run a competitive process with banks and private lenders and negotiate terms on your behalf.
- Term sheet comparison
- Covenant and security negotiation
- Refinancing and consolidation
Government-backed financing
We prepare and support applications to development banks and public lending programs.
- BDC and EDC financing
- Canada Small Business Financing Program
- Repayable contributions
Equity and strategic partners
We help you decide whether to bring in investors, find the right ones and prepare for the conversation.
- Equity story and valuation view
- Investor identification
- Partner fit and governance
Sources of capital
Who we work with on your behalf
BDC
Business Development Bank of CanadaTerm loans, working capital, technology and equipment financing, and venture capital for Canadian businesses.
EDC
Export Development CanadaExport guarantees, credit insurance and working capital support for companies selling abroad.
Canada Small Business Financing Program
Delivered through banks and credit unionsGovernment-backed loans for equipment, real property, leasehold improvements and intangible assets.
Protect Ontario Financing Program
Government of OntarioLoans that help eligible Ontario businesses affected by trade disruption to protect jobs and operations.
FedDev Ontario repayable contributions
FedDev OntarioInterest-free repayable funding that sits alongside bank debt for growth and productivity projects.
Chartered banks and credit unions
Senior lendersOperating lines, term debt, asset-based lending and refinancing.
Private credit and specialty lenders
Non-bank lendersFlexible growth, acquisition and bridge financing when bank debt is not enough.
Equity investors
Family offices, private equity and strategic partnersGrowth equity, minority partners and strategic investment.
Ferrokshar is independent and receives no fees or commissions from lenders, investors or programs. Program terms change, and we confirm them before advising.
How we work
A disciplined financing process
01
Assess
We model your capital needs and test what the business can support.
02
Structure
We design the stack and the terms worth aiming for.
03
Prepare and approach
We build the lender-ready package and run a competitive process.
04
Close and monitor
We negotiate, support closing and track covenants afterwards.
Flagship offers
Know your options before you approach a lender
3 weeks · Fixed fee
Capital Readiness Review
Your capital needs, the realistic options and the terms you can expect, with a plan to close the gaps lenders will see.
8 to 12 weeks · Fixed and success fee
Financing Process Management
Package, lender outreach, term sheet negotiation and closing support, run for you from start to finish.
Questions
Frequently asked questions
How much capital do we need?
Start from the plan, not the amount. We build a financial model that shows the cash needed, when it is needed and how much risk it carries, so you raise the right amount at the right time.
Debt or equity?
Debt is cheaper and keeps ownership, but needs reliable cash flow and often security. Equity costs more and shares ownership, but brings patient capital and partners. Most growing companies use a mix, with non-dilutive public funding first.
Will lenders take us seriously?
They will when the story is clear and the numbers hold up. Our lender-ready package includes the financial model, an information memorandum, a data room and management presentation.
Do you sell securities or lend money?
No. Ferrokshar is an independent adviser. We do not lend, hold client funds or sell securities. Where a transaction requires a registered dealer, we work alongside one.
Also from this practice
Grant Writing and Government Funding
Non-repayable funding and tax credits, the lowest-cost capital available.
Explore government grants →Free funding review
Find out what you qualify for
A 30-minute call with a senior adviser and a written shortlist of programs within five business days.
Book a funding review →