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Business
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 […]
Business
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 […]
Business
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 […]