Articles
Opinion: Small businesses are dying. Why isn’t the government leveraging fintech to save them?
We are doing everything we can to support small businesses during this unprecedented time of crisis. We applaud the federal government for taking action and announcing a plan to provide financial support to those impacted by COVID-19. But since their announcement, we have strongly recommended that they leverage our expertise in getting funds into the…
We will get through this together
As the COVID-19 situation evolves, it continues to impact our lives and our economy in ways we never imagined possible. While our main concern remains the health and the safety of our loved ones, small businesses nation-wide are under tremendous financial pressure. They need our collective and continued support during this critical time.
COVID-19 update: Journey Capital is ready
We know there is a lot of uncertainty around COVID-19 and the potential impacts it may have on small businesses across the country. Given escalating concerns related to the spread of the novel coronavirus, we felt it was important to communicate the actions OnDeck Canada is taking to protect the health of our employees while supporting the financial well-being of our small business clients during this uncertain time.
Les 6 questions que vous devez absolument poser à votre comptable cette année
Des rencontres périodiques avec votre comptable peuvent vous aider à bien planifier vos finances et vos impôts. Vous pouvez vous assurer de tirer le maximum de ces rencontres et vous préparer à l’année qui vous attend en lui posant les six questions ci-dessous. 1. Comment puis-je vous aider à faire un meilleur travail? Quel que…
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…