Category: Business Financing
Why a business loan from Journey Capital may beat going to the bank
Whether you’re looking to expand your business, stock up on inventory or simply increase cashflow for daily operations, you’ve likely thought about securing financing for your business. Like many small business owners, your first thought may be to turn to your bank for funds. However, you might be missing out by overlooking other lending options.…
What is PPE & does my small business need it?
As a result of the ongoing pandemic, PPE (Personal Protective Equipment) has become a part of our everyday lives. Items that were once primarily used by healthcare workers must now be integrated into all types of businesses. As a small business owner, this is likely new territory for you. What is PPE? PPE is equipment…
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…
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”…
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…
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…
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…
How to Get A Small Business Loan in Canada
Are you looking to obtain capital for your existing business or start-up in Canada? If you are, you are not alone. According to the Government of Canada, by the end of 2015, 31% of businesses had applied for financing at some point that year. People look for financing for a number of different reasons that…
All you need to know about short-term loans: A quick recap
When you’re beginning your research into financing for your business, there are a lot of items you need to consider. The most common question is ‘what type of loan should I get?’ There’s a myth out in the business world that it’s best to get the most amount of money for the longest payback period…
4 ways to recover from a rejected loan application
Most small business owners don’t jump into their entrepreneurial dream because they are experts at financing a business. As a result, it’s not uncommon for a loan application to be rejected. Sometimes it could be the creditworthiness of the business, the criteria of the lender, or simply not completely understanding what the lender considered when…
Steps to Get Back to Work and End the Year Strong
In August, the slow, quiet, feeling of summer fills the air in many offices around the world. Each week a different team member is on vacation, some offices have “Summer Fridays,” and motivation seems lacking. In many parts of the country, it’s HOT, which makes most people sluggish and want to be anywhere but inside…
Working Capital Financing in a Nutshell
What is “working capital”? And how can it help my small business? These are just a couple of questions we get every day, here at OnDeck, so I thought it would be prudent to do a little review. Cash flow is the heartbeat of a small business. For many business owners, it makes sense to…
Strategic Borrowing Benefits to Increase Your Loan Options
Increase Your Loan Options with Strategic Borrowing Without adequate capital, it’s difficult for small businesses to grow and thrive. This is true whether you fund your business through cash flow, investment, or borrowing. Taking a strategic approach to meeting your business’ need for capital to fuel growth and fund any other ROI-generating activities will ensure…