What does your business do?
IMMFinancial provides funding for Small and Medium sized businesses in several countries including Canada, USA, UK, France, Spain, Latin America and more. Our products are primarily cashflow funding products such as lines of credit, small business loans, accounts receivable factoring, purchase order finance, equipment finance and more.
When and why did you start the biz?
The founders of IMM had worked for several years in various locations in the Business Financing Industry and when the Global Meltdown hit, many of the companies they were with found themselves surrounded by chaos and confusion due to the worst economic downturn since the Great Depression.
Borne of the Ashes
IMM Financial recognized the need for an Alternative Funding Source for the Global Community to be able to go to in order to gain access to their Business Funding Needs. It was plain to see that bank funding left many businesses in ruins and that an Alternative was needed. The IMM Programs were created to give Cashflow Financing as well as Asset Financing to those businesses that need it.
How Many People are in your Company?
Where's your office?
We have two offices, one is in a high rise office building and the other is in a low rise office building.
What's the toughest part of running your biz?
The hardest part is managing the various programs and countries we do business in. It always seems that no matter how many locations we offer services in, a new area is always needed which is a challenge to manage the logistics of opening new service areas.
What's the most fun part?
Being able to help new business get their beginning and existing businesses grow is very rewarding.
Anything you would have done differently?
I do not think so.
What's next on the horizon for your biz?
We are planning to get into larger deals in more areas to be able to assist more business owners.
What advice do you have for others?
Plan. Make realistic and measurable goals, measure the progress and ask yourself what did you learn. Do this often.
How do you use Idea Cafe to help your biz?
I hope to be able to use it go see what business owners are looking for in their financing needs so that we can create or modify programs to meet the needs of today's business owners. We want to remain agile to provide financing to meet the needs of business.
School (where, still in school, degree)?
MBA, B Comm, PMP, PMI-PBA, SCRUM, Six Sigma
Steak and Lobster
What are your pets' names?
Do any of these pets help with your biz?
Is there any one person or event in your life that led
you to go into business for yourself?
The financial crash of 2006
Anyone you publicly want to thank?
250 Younge St Unit #2201
Toronto, ON M5G 1B1