Old Strathcona Foundation Posts

Mandate
Our goal is to preserve, protect, and promote the historical story of Old Strathcona including the celebration of the heritage of the area and the stewardship of its historical assets for a vibrant community.

Vision
The community preserving, sharing and believing in the value of Old Strathcona’s heritage.

Strengthening Old Strathcona

The Old Strathcona Foundation focuses its restoration and preservation efforts on the Strathcona area prior to the 1912 amalgamation with the City of Edmonton. The operating boundaries of the Foundation are from Saskatchewan Drive to 80th Avenue and 101 Street to 106 Street.

The Old Strathcona Foundation is about restoring and preserving the past to be enjoyed today and by future generations. History is important as it allows future generations to understand where they came from and what it took to build the communities they enjoy today.

The Old Strathcona Foundation isn’t only about the past it is about the future. Your membership in the Old Strathcona Foundation not only helps monetarily but it provides strength to our voice on issues which jeopardize the preservation of this important and vital community.

In 1992 the Old Strathcona Foundation received the Heritage Award in acknowledgement of the work it does.

The Foundation is a charitable non-profit volunteer organization that receives no funding from the City or other government agencies. All monies for projects are raised privately, either through donations, grants or fundraising activities. The Old Strathcona Foundation’s continued advocacy for historic resources is imperative if we are to preserve the past for the future.

Primary Purposes of the Foundation and its Membership

To sponsor, establish and administer a heritage conservation area within the boundaries of the Town of Strathcona as it existed prior to amalgamation with the City or Edmonton, honouring the citizens, preserving the buildings and relics and portraying the community of the era.

To revitalize the community centre character of Old Strathcona to provide for the social and civic needs of the Old Strathcona Heritage Conservation Area.

Our History of Achievements

Streetscape improvements including brick sidewalks, oak benches, turn-of-the-century light poles, trees and banners.

Restoration of 15 buildings along Whyte Avenue including the Princess Theatre

Whyte Avenue Mural Project.

The Old Strathcona Foundation has accepted the challenge of taking on another millennium with dedication and commitment that will preserve the work of the past and pave the way for an exciting future, but we can’t do it without your help.

Foundation

For every start-up to establish them, the need for funding rises several times along the way. Now, you must have heard about the option of merchant loans or utilizing a merchant cash advance when it comes to funding your business effectively and quickly.

However, you’re completely new to the concept of Merchant Cash Advances? Well, no issues!  You will get all the details you need right here:merchant loan

1)What are Merchant Cash Advances?

Let’s assume your business allows client’s to purchase items using credit cards. So, here is where Merchant Cash Advance comes into play. This type of money lending isn’t exactly like merchant loans, but rather a hefty payment made that is repaid by utilizing a portion of one’s regular credit card receipts.

So, in order for one to achieve this so-called loan, a business owner will have to first consult a Merchant Cash Advance provider who will go over the owner’s credit card receipts.

Depending on the influx of payments made, the owner will decide upon an amount to be paid to the business owner. This amount will they be repaid in a given time span.

2)How Does an MCA work?

As mentioned above a business owner will have to contact an MCA provider and decide upon the amount to be borrowed. Now, after that, the MCA provider and the business owner will jointly decide upon holdback percentage and payback amount, depending on the revenue generated from the credit card sales.

This means a portion of the owner’s regular credit card revenues will be held back to repay the loan amount. This holdback’ process will continue till the entire amount borrowed is repaid.

3)How Does an MCA Benefit Your Business?

Unlike merchant loans, a merchant cash Advance has several noted benefits that make borrowing and returning money quite easily.

merchant loan advance

Check them out:

  • Quick Funding

The biggest perk of a Merchant Fund Advance is that it allows funding to be done within a matter of days. Your MCA provider will look into your credit card receipts and estimate the amount of loan you are eligible for. Then this amount will instantly be transferred to your bank account giving fast cash.

  • No Need for Collaterals

In the case of merchant loans from banks, the bank will generally request you to keep some collateral to sanction the loan. However, MCA’s don’t require the submission of collaterals and instead, the amount will be cut from your credit card revenues.

merchant loans

  • Flexible Payment Options

Unlike banks that require you to pay a certified amount as payment each month, MCA’s allow an owner to negotiate payments. Say, you can pay 15% of your credit card revenue the first month and 20% the next; this flexibility can be achieved once you talk it out with your MCA provider.

So, now do you see why it’s more applicable to go for MCA options rather than merchant loans from banks? This time securely fund your business and return the money without worry, just contact your trusted MCA provider.

Financial Services