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 […]

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 […]

For many entrepreneurs in Canada, business is a game of numbers. Profits, losses, liabilities, assets, and the like, are measured and checked to ensure their business is on track—for good reason. A business’s financial situation is paramount to its success.  That’s why understanding business credit scores in Canada is so important. Without understanding how lenders […]

Small and medium-sized corporations and their shareholder(s) will often use shareholder loans for two distinct purposes. First, shareholder(s) borrow cash from the corporation for personal expenditures. Second, the corporation borrows funds from shareholders for purposes such as increasing cash on hand, funding investments in capital assets, or paying forecasted expenses.  This ultimate guide to shareholder […]

Before any company can set out to raise investment capital from anyone, including angel investors, it first needs to understand the type of company it is, the capital landscape it is operating in, and who it is trying to raise capital from. I like to divide newly created companies into two categories: Startups and Small […]