Articles
How to navigate the world of business financing in the digital age?
We’re excited to share our partners at Smarter Loans were featured in the National Post. Smarter Loans is Canada’s online loan directory for any type of financing. Their website helps Canadians find reputable lenders & financial companies all over Canada and compare their products, rates, and terms in one place. In the article, Smarter Loans covers financing…
Choosing the right loan for your business
Are you checking the right boxes when choosing financing for your business? When business owners think of obtaining finance for their small business, they may think of going to the bank, friends, or family. But business owners may not be aware of other trusted lending options. There are many financing options today to fund your…
6 ways service businesses can use technology to fuel growth
There are a number of ways that service businesses can grow. For one, they can get an injection of cash from a lender or investor. Or, they can save time, save costs, and land more bookings. With the right technology, they can do it all! Here are six ways that service businesses can use technology to…
Utilizing business financing to expand your business
Business financing can be used in multiple ways to expand your business; such as launching new products, locations, improving operations and maximizing profit margins, or through external growth opportunities like acquiring new businesses. In a nutshell, Business expansion financing is used to facilitate long-term growth, revenue, and profit for the business. Different businesses, interpret “expansion”…
Common mistakes to avoid with business loans
Business financing can be exactly what you need to propel your business forward – but it needs to be used correctly Even though money coming may never seem to be a bad idea, there are some situations where opting for a business loan is not the ideal solution. And if it is the right…
How to acquire a business loan in Ontario
How to Acquire a Business Loan in Ontario? The Ontario province in Canada provides an excellent business environment for entrepreneurs and for small businesses to grow their company operations. According to recent surveys, Ontario is considered one of the top places in the world for companies to establish their headquarters and for investors to invest…
Business financing for retail stores in Canada
With Canada’s unique mix of cultures, history and modern innovation. It’s easy to see why the retail industry is booming. From province to province we can spot little shops in small local communities and huge malls that offer some of the best shopping experiences in North America. Running a retail store as a small business…
Can a business loan help my auto shop?
Injecting funds into any small or large business can be a great help if used properly. For auto shops, in particular, inventory management is a key ingredient to success. Since parts and equipment can be expensive, and revenue usually doesn’t come in until after the inventory is sold and the job is done. Hence it…
5 takeaways from Journey Capital’s first partner event
Providing Canadian small businesses with great service and access to capital is a top priority for Journey Capital. We greatly value our partner network that allows us to reach small businesses and we are always looking for innovative ways to bring you useful content. On Thursday evening, May 10th, we hosted our first Partner Summit.…
Build a relationship with your accountant
For many small business owners, the relationship they have with their accountant is very transactional. In other words, they meet with their accountant at year-end to file their taxes; and maybe on a quarterly basis to file their employee withholding or pay their quarterly estimated income taxes. At least that’s how I approached my accountant…
What is a Merchant Cash Advance
What is a Merchant Cash Advance? More than ever, small businesses are turning to alternative lending options to raise working capital. According to wagepoint.com this number rose by 60% from 2014 to 2015. A merchant cash advance is an alternative funding option that business owners can consider. Approval is largely based on the volume of…
When to get a small business loan
When to Get a Small Business Loan? Small business owners often turn to a small business loan or a line of credit when they look for borrowed capital to fuel growth or other business purpose. According to the Government of Canada, as of December 2015, there were 1.17 million employer businesses in Canada and 97.9…
Why would you need a fast small business loan?
Many businesses finance growth and meet short-term capital needs with a small business loan. There are times when fast access to additional capital, or access to a fast business loan, is critical to taking advantage of an opportunity to create additional ROI or meet a short-term business challenge. Unfortunately, because popular media promotes the idea…
Important small business financial metrics you need to know
I don’t think I’m alone when I suggest, that like many small business owners, I didn’t jump into business ownership because I was really excited about small business bookkeeping or accounting. I knew it was part of the deal, but it wasn’t the part of business ownership I was the most jazzed about. Nevertheless, there…
How to qualify for a small business loan in Canada
With all the different business loan options available today, qualifying for a loan is a possibility for almost every business owner – but it requires a more savvy approach to evaluating your options picking the loan that best suits you and your business’ situation. Lenders evaluate both your personal credit history and your business credit…