The global invoice factoring market was valued at more than USD $3.5 trillion in national receivable volume between 2022 and 2024. Considering this astronomical figure, it isn’t a huge leap to conclude that many companies in...
In Canada, many businesses still turn to their banks first when they need funding, and this makes sense. After all, it feels like the more familiar and responsible choice, but it's not the only option. In...
Do you have a business plan? Many Canadian business owners don’t have one or have one and have heard the same advice over and over again. That advice being that a detailed business plan can help...
If you’ve looked into alternative financing solutions like merchant cash advances, you’ve heard the term factor rate. For many business owners, the term ‘factor rate‘can be confusing, since most businesses are used to the term ‘interest...
If you run a retail business in Canada, you understand all too well that it often means paying for tomorrow's sales with today’s money. After all, you order holiday stock months in advance, pay suppliers before...
What many don’t realize is that a considerable portion of Canadian construction businesses utilize construction business financing in Canada. In fact, more than 25% of loans in certain programs extend to residential construction. During the pandemic,...
