According to 2023 statistics, approximately 2,652,600 individuals are self-employed in Canada, making up about 13.2% of the employed population. Many of these individuals are freelancers. In Canada, freelancers are considered small businesses because the Canada Revenue...
During economic downturns, when credit becomes tighter and trust erodes, many small businesses come to an uncomfortable reality: their survival is limited by how quickly they can pivot their financing model. Historical evidence demonstrates that the...
Seasonal businesses can feel like a roller coaster. One month sales are up, and the other, you are wondering what went wrong. If your company sells winter clothes, provides Christmas decor, or provides snow removal services,...
Financing your business plan for a loan application includes knowledge and strategy. Whatever your plan is, lenders want proof of how much knowledge you have. A strong business plan talks about your business's future instead of...
Artificial intelligence is changing how lenders and fintech companies evaluate small and medium-sized businesses. The World Bank estimates a $5 trillion funding gap for SMBs worldwide. AI-powered underwriting helps close that gap by focusing on real...
Starting a business takes courage, planning, and capital. But for most founders, the hardest part isn’t the idea, it’s finding startup funding without collateral. Traditional lenders want security. They ask for assets, property, or equipment before...
