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...
Shockingly, about 60% of small and medium-sized Canadian businesses experience cash flow management challenges, often resulting in gaps of at least 15 days. Additionally, up to 82% of small-business failures in the country can be attributed...
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...