Ontario Manufacturers Too Reliant On Traditional Bank Financing

"Ontario manufacturers acknowledged a high-reliance on traditional bank financing," said Leon Raubenheimer, Managing Partner of ZED Financial Partners. "They feel improved access to capital could have an immediate impact on their businesses and in the communities they operate. They felt new capital would allow them to invest and grow, enabling growth in jobs and the tax base," he added. Raubenheimer explains that the study is notintended to dismiss the important roll of commercial banks, in fact he thinks the needs of most businesses are well-served by traditional banking products and services. "For most businesses bank financing is perfectly suitable," said Raubenheimer. "It is in cases where businesses are growing and transitioning that non-traditional financing comes into its own. When company's situations don't fit traditional risk models, private equity and private debt sources offer exceptional options." To obtain a copy of the study visit www.zedfinancial.com http://www.newswire.ca/en/releases/archive/November2007/06/c4314.html

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