4 Reasons you’ll need Extra Holiday Financing
As far as we know, no one jolly and bearded is going to pop down your chimney to leave a shiny new loan in your stocking—even if your business has been extra good this year. Thanks to the rise of private lending, you have much more realistic options for fast and flexible holiday financing, so throw out those […]
Ontario weighing registry for private mortgage lenders as sector grows
Gaining traction in the wake of federally mandated stress tests for uninsured loans Ontario is considering a registry for private mortgage lenders that could shed light on a corner of the market that has been gaining traction in the wake of federally mandated stress tests for uninsured loans. A report released Monday by Ontario’s Ministry of Finance […]
10 Things Your eCommerce Business Needs to Thrive
Pulling off the first few sales on a new ecommerce website can be an exciting experience for anyone. However, for some ecommerce startups, that is also where the excitement ends. To keep those orders coming and to grow the business into a large empire or at least a successful venture becomes a big challenge. Why? The […]
4 Steps to Preparing the Best Business Loan Application
The act of applying for a small business loan can be intimidating. You are excited about the prospect of obtaining a loan to grow your business, but at the same time, you are worried about making a mistake that could have a negative impact on your finances. Learning more about a small business loan does […]
8 Reasons Having a Business Plan Is Important for Small Businesses
Do you really need a business plan? Is it worth the investment of time and resources? Can’t you just wing it and skip the whole planning process? Good questions. Here’s everything you need to know. 1. It’s essential if you’re seeking a loan or investment If you’re asking a bank, angel investor, or […]
Business Lending Barometer Indicates Optimism Among Small Businesses in Canada
Small businesses are the engine of the Canadian economy. As a result, there’s a strong imperative to provide credit that will contribute to the growth of small businesses in Canada — which means lenders must understand their credit behaviour within the context of broader economic trends and regional influences. TransUnion Canada’s Fall 2019 Business Lending […]
12 Ways to Stay on Top of Your Business Finances
By: Scott Gerber Savvy entrepreneurs make time to review their business’s books regularly. Even if you’re not the one doing the daily, weekly and monthly accounting tasks, it’s good to keep your finger on the pulse of how your business is doing financially. However, it can be difficult to find room on your to-do list for […]
How to Make Sense of Your Small Business Financial Statements
By Caron Beesley How does your business assess its financial strength? No doubt you refer to your income statement (also called profit and loss statement or P&L) and your bank account for the basics. But the truth is most businesses ignore the most powerful financial tools in the accounting arsenal: the balance sheet and the […]
10 Cash Flow Rules to Live By
By: Tim Berry Cash is king and all business owners know it. Research “causes of business failure” and lack of cash turns up everywhere. 82 percent of business failures are due to poor cash management. Cash flow problems can kill businesses that might otherwise survive. I learned the hard way, when my own business suddenly took off, that even growth […]
How to get a loan for your business
Starting a business can be exciting, but it can also be costly. One way to finance your business is by taking out a loan. Here are some steps you can take to secure a loan for your business: Determine your financing needs Before you start looking for a loan, it’s important to have a […]