Businesses often turn to SBA loans for various reasons. For example, those who want lower or more competitive interest rates, and those who need flexible use of funds, allowing them to choose how their loan is...
If you want to grow your business, establish strong relationships with suppliers, and access capital such as SME loans, you need good business credit in Canada. However, it can be challenging to understand how to build...
Before you look at loans and financing solutions to help get your business off the ground or more stable, you should know about a few small business tools in Canada. In today's blog, Bizfund shares the...
According to Jessica Hagen of US Bank, about 82% of businesses that fail have some type of cash flow issue. Unfortunately, like its US counterparts, many Canadian companies experience cash flow issues. This is partly because...
In 2025, several key Canadian business financing trends are shaping lending. Among them are alternative financing, fintech innovations, and fluctuations in interest rates. Today's blog examines these trends to provide a deeper understanding of the current...
Types of Short-Term Loans If you're looking into quick personal loans, low-interest options, or payday loan alternatives, you'll want to have a look at the types of short-term loans in Canada available below: Payday Loans According...
When the unexpected happens, which it often does with life's curveballs, you may find yourself in a sticky financial situation. This is especially true when you have loans to repay and no incoming money to meet...
A trucking client of ours put it well: "The truck earns the money that pays for the truck. I just need someone to bridge the gap." That's equipment financing in one sentence, and it's why lenders...
Despite what some might believe, borrowing money isn't immediately an awful decision. According to recent statistics, more than 19 million Canadians take out a loan every year, which is why safe borrowing in Canada is so...
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 decisions in as little as 3 hours loans in Canada has more than doubled, with 4% of Canadian households using payday loans. These and other short-term loans are popular among...
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...
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...
A business owner works extremely hard to reach success, but at one point, there's not much they can do besides acquiring funding. However, not all financing is the same. Some businesses need it to grow long-term,...
Expanding your business is one of the best signs you’re doing something right, but it also comes with a price tag. Maybe sales have increased for your cafe, and it’s time for a second location, or...
