Financing

Are you considering a business buyout? Owner financing can be a powerful tool to help you achieve your goal. In this article, we will explore how owner financing works, the steps to implement it, the legal considerations involved, and the risks and challenges you may encounter. We will also provide you with valuable tips for […]

Imagine a world where the dream of entrepreneurship is accessible to all, regardless of your financial status. That dream isn’t quite a reality yet, but we’re getting there thanks to micro loans in Canada. Small businesses and start-ups face significant hurdles when it comes to financing their dreams. Traditional lenders avoid small business loans because […]

For small businesses in Canada, receiving a small business loan can provide a much-needed and immediate injection of capital. What can this capital provide? Small businesses can expand operations, hire new staff, and upgrade their current technology platforms. In other words, a small business loan can transform a company and push it to another level. […]

You are the backbone of the economy, but get no love from big banks. Canadian small businesses are notoriously underserved and struggle to get the financing they need to stay afloat – let alone thrive! Journey Capital (formerly OnDeck Canada) is an online lender filling the gap with fast, flexible, and easy-to-access financing solutions. So […]

Most SMBs will use one or both of two major financing sources, but which is better, the business line of credit vs the business credit card? From time to time, small businesses can face urgent cash needs. A supplier invoice may need to be repaid, a repair in a key facility may need to be […]

The Government of Canada launched the Canada Emergency Business Account (CEBA) scheme in April 2020. At the time, this measure aimed to help small businesses and non-profits navigate the challenges from the COVID-19 pandemic. Between 2020 and 2021, CEBA distributed a total of $49.2 billion to 898,271 organizations across the country. In essence, the CEBA […]

A significant financial collapse occurred in the United States banking system on March 10, 2023. Silicon Valley Bank (SVB), considered a  mid-sized U.S. Bank, failed, shaking investors and the markets. In addition, the bank’s international operations, including Silicon Valley Bank Canada, were affected. As a result, Silicon Valley Bank, as we knew it, is dead. […]

Small businesses are a pillar of Alberta’s economy, making vital contributions to job creation, innovation, and community growth. Many entrepreneurs who register a business in Alberta often find themselves in need of additional funding, and here is where small business loans come into play. Securing funds is essential for the success of small businesses, so […]

Securing the appropriate funding can be a difficult task for many small businesses. While small business loans are a great option to get additional financial resources for your business, you will have to repay them sooner or later. Fortunately, small businesses registered in Alberta have access to an abundance of grant programs aimed at encouraging […]

In recent years, British Columbia (BC) has transformed into a vibrant hub of entrepreneurship, with more than 510,700 small businesses contributing to the province’s economy. Unlike small business loans, small business grants in BC provide essential financial aid that can fuel up newly-registered businesses and established businesses alike, allowing them to access the capital they […]

Does entrepreneurship feel more like a UFC fight? The Loop Card could be the personal trainer you need to hit above your weight class. Especially if you run an online business. The world of eCommerce can be an intense, full-contact sport. Each day presents a new round with heavy-weight opponents to overcome, like managing cross-border […]

Advantages & Disadvantages of Merchant Cash Advances Advantages Disadvantages – Easy approval– Rapid funding– Automatic repayment– Flexible structure – High-interest rates– Lack of long-term financing options– Potentially need to catch up on repayment schedule– Potentially higher payment processing fees Advantages A merchant cash advance (MCA) offers quick and accessible funding for businesses, even if they […]