In 2022, approximately 7% of small businesses in Canada requested government funding, including grants and loans. Years later, this figure is likely higher, considering there were 1.19 million small businesses in the country in 2022 compared...
In recent years, the number of instant approval loans in Canada has more than doubled, with 4% of Canadian households using payday loans. These and other short-term loans are popular among those who need urgent funds...
Lines of credit in Canada can be valuable financial tools that offer flexibility, financial stability, and growth when used for personal or business endeavors. However, if one doesn't know how to use their lines of credit...
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...
Capital access plays an important role in determining the pace of business growth, its ability to innovate, or its ability to simply survive within the competitive economy. For many Canadian entrepreneurs, traditional bank financing involves restrictions...
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...