Year after year and survey after survey, Canadian small business owners list access to funding as the most challenging part of growing their business. The Canadian Federation of Independent Businesses reports that of the smallest businesses (5 employees or less),…
Have you ever received a phone call or a direct mail piece from On Deck? If you own a small business in Canada you probably have – they’ve spent millions of dollars in advertising since creeping into Canada from the…
Thank you for calling. Our automated attendant will help navigate you through our system. Please press # now. To continue, press 5 and listen. If the instructions tell you to press 9, ignore them and press 8. But if they…
Have you ever considered a short term small business loan to buy more inventory? Many business we work with are getting quick, short term loans to buy seasonal inventory. They repay the inventory loans in 3 or 4 months and…
I wrote a LinkedIn article almost 2 years ago about On Deck, the behemoth Wall St based online small business lender that announced they were expanding to Canada. Click here to read It was a tongue-in-cheek “Welcome to Canada” article…
Before online lenders arrived on the scene, Canadian small businesses often found themselves running into the same roadblock. A typical Canadian entrepreneur establishes a company with their own savings, or using small loans from friends and family. Within two to…
In any industry, some companies are better than others. It’s usually not too hard to figure out what separates the good from the bad, but when it comes to borrowing money for your small business, it’s not always as easy…
The smallest businesses have the hardest time getting business loans according to a new Canadian Federation of Independent Businesses (CFIB) report that also found many small business owners are using their own personal credit cards as additional sources of financing.…
If you’re researching a loan for your small business, it can be overwhelming given the number of options available. Banks are always the best option in terms of rates but loans are difficult to qualify for and can take months…
Back in May we posted some advice about small business loan terms and rates and, when looking for quotes, to "always get it in writing". A recent study by a think tank down in the US clearly highlights that same…