Trucking has a cash flow shape that almost no other industry shares. The costs land immediately and the revenue arrives weeks later, and the gap between the two is where most carriers get into difficulty. Fuel...
These two products get compared constantly, usually by someone trying to sell you one of them. They do look similar from a distance. Both turn money you expect to receive into money you have now, both...
Stacking means taking a second merchant cash advance while a first one is still being repaid. Sometimes a third. It is one of the most common ways a business that was merely short of cash ends...
Quebec has more small businesses than any province except Ontario, and a funding market that behaves differently from the rest of the country. If you run a business in Montreal, Quebec City, Laval, Gatineau or anywhere...
A landscaping company in Barrie came to us last spring with a problem that had nothing to do with sales. Their order book was full. Their bank account was empty. Every March they burned cash on...
We read business bank statements for a living. Every funding application that crosses our desk comes with six to twelve months of them, and after ten years we can tell you something no bank comparison site...
Ontario has the largest small-business economy in the country. The federal government's Key Small Business Statistics counted 410,154 small-employer businesses here as of December 2024. Not to mention the province holds close to 40 percent of...
British Columbia has one of the highest numbers of small businesses per person in Canada, according to the provincial Small Business Profile. And these businesses are not alike. For example, the coast leans on tech and...
If your business is sitting on unpaid invoices while payroll is due on Friday, factoring can turn those invoices into cash within a day or two. The question is never really what invoice factoring is. You...
For the first few years, artificial intelligence (AI) didn't seem like something individuals and companies would use worldwide. In fact, if we’re being honest, it felt like something only Silicon Valley startups and big tech companies...
Canadian businesses are having very different conversations about collateral than they did a decade ago, likely because of the shifting nature of business. For example, traditional brick-and-mortar businesses often have ovens, vehicles, and other assets a...
On the surface, it might not seem like merchant cash advances (MCAs) can differ or affect economies from province to province, but this is the reality. So if you own a business in Alberta and are...
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,...
Are you looking into how to scale a small business in Canada, but you’re unsure where to start? Fear not. Today's guide by Bizfund should give you a better idea of the process of scaling a...
Your working capital is the heartbeat of your business. It is the difference between being able to pay suppliers on time and having to delay an order. It's also what decides whether one business can take...
