How to Use Owner Financing to Complete a Business Buyout in Canada
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 […]
The Ultimate Guide to Micro Loans in Canada
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 […]
The Ultimate Guide to Agriculture Farm Equipment Loans in Canada
Agriculture is the backbone of Canada’s economy, and having the right farm equipment is essential for success in this rapidly evolving industry. However, purchasing or upgrading agricultural machinery can be an expensive endeavor. That’s where agriculture farm equipment loans come in. In this ultimate guide, we will walk you through everything you need to know […]
Grant vs Loan: What’s the Best Option for Financing Your Business in Canada?
As a Canadian entrepreneur seeking funding, you’d love to find money to make your business grow. However, sometimes the choices seem more complicated than expected. While grants often appear as the more attractive option, they come with their own set of challenges. For instance, they may become unpredictable or come with a complex application process. […]
The Ultimate Guide to Unsecured Business Loans in Canada
Are you a Canadian business owner looking for financial support to grow your business? If so, you may have come across the concept of unsecured business loans. In this ultimate guide, we will take a deep dive into everything you need to know about unsecured business loans in Canada. From understanding the definition to exploring […]
The Ultimate Guide to Small Business Loans in BC
Starting a business in British Columbia is an exciting venture. However, funding your business idea can be a daunting task. Small business loans are one of the most popular financing options available to entrepreneurs in BC. This guide will take you through everything you need to know about small business loans in BC, including how […]
The Ultimate Guide to Small Business Loans in Canada
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. […]
OnDeck Canada Review: A Bouy For Your Small Business?
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! OnDeck Canada is an online lender filling the gap with fast, flexible, and easy-to-access financing solutions. So if you’re sick […]
Business Line of Credit vs. Business Credit Card: Which One is Better?
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 […]
How to benefit from the CEBA Loan Forgiveness Scheme if you don’t have $40,000
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 […]
Silicon Valley Bank Canada Is Dead: What Are The Alternatives?
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. […]
The 7 best small business loans providers in Alberta
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 […]