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...
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...
Unfortunately, statistics show that Canadian businesses are struggling with high debt levels from the pandemic. Many companies in the transportation sector and construction industry seem to be hit the hardest by missed payments driven by high...
Canada has about 59,638 verified restaurant listings, with Ontario home to about 19,458 and Quebec to about 11,504. Unfortunately, despite the country's many restaurants, many are closing their doors. In fact, data indicates that about 4,000...
In recent years, traditional bank lending percentages have declined by 19% for small businesses. This has led many to seek alternative, faster, non-traditional lenders, and, as a result, many businesses want to apply for a merchant...
According to statistics, about 309,000 businesses in Canada missed at least one debt repayment, indicating that companies are under high debt pressure. Although this may paint a bleak picture of taking on debt to help your...