Armada Credit Group on equipment financing: borrow early to stay flexible
Businesses considering taking on additional debt due to increasing interest rates might be interested in equipment financing options. Instead of paying a substantial upfront sum, businesses can turn to lenders like Armada Credit Group to acquire equipment such as production lines, trucks, or heavy machinery. This approach can lead to quick productivity gains. Armada Credit Group, led by CEO Danny Lebovics, provides fixed-rate term financing for equipment, typically spanning 48 to 72 months for repayment.
Best Business Bank Accounts in Canada
When you use a business bank account, it can help the business you run build its own credit profile, which can be useful down the road. So how easy is it to open a business account? We’ll go through the process and help you understand how much the fees are for every given business bank account.
Top Small Business Grants in Canada 2023
Government grants are available to support small business owners across the country, with variations depending on the province and specific region, and can help promote business and services in isolated areas. These non-repayable grants can assist in the growth and recovery of your business for long-term stability.
What is Merchant Cash Stacking & Why Should You Avoid It?
It may be tempting, but merchant cash advance stacking can put your small business at risk. In this post, we’ll explore what MCA stacking is, why MCA stacking is dangerous, albeit tempting, and alternative funding options to stacking merchant cash advances.
Let’s get started.
How Small Businesses Can Combat Staffing Shortages with Merchant Cash Advance Funding
Merchant cash advances offer small businesses a quick and simple way to leverage working capital. Because MCAs are repaid from a portion of your daily or weekly sales, hiring employees to help grow your business can allow you to repay your funding faster than other small business loans like Canada Small Business Financing Program loans.
How Law Firms Can Use Merchant Cash Advances to Fuel Growth
There are no restrictions on how merchant cash advance funding can be used, so law firms can use MCAs however they see fit. In this post, we’ll explore 7 ways law firms can use merchant cash advance funding to fuel their growth.
Do Banks And Lenders Check What You Spend Your Loan On?
It’s important to know the conditions of a loan before finalizing your application, and this includes whether what you spend your loan on will be visible by the lender in the bank or not. Find out in this blog post!
What is the maximum amount for a business loan?
Most small business owners that use Smarter Loans for help in connecting with lenders are able to secure financing for hundreds of thousands of dollars. We share more details in this post to determine the various loans we help people achieve.
What is the average business loan amount?
Business loan amounts depend on the type of business you’re in, but there are averages that we see business owners seek and we share them in this blog post, plus give you connections to top lenders in Canada to easily apply for a loan online yourself.
Comparing Short-term Business Loans vs. Long-term Loans
Today, we’ll talk about short-term loans vs long-term loans to help you choose the best option for your small business. Let’s get started.
What do banks look for when approving a business loan?
Business loans work a lot like personal loans. You’re borrowing money from a lender that you eventually have to repay with interest and fees, as applicable. Read onward to learn what banks look for when approving businesses for a business loan.
How long does it take to get a small business loan?
You can obtain a business loan in Canada in as little as 24-48 hours if you have all your documents prepared and meet all the eligibility requirements.
How To Get a Business Loan with No Collateral
Business loans without collateral are often referred to as “unsecured financing”, but this term isn’t technically accurate. Most business loans without collateral are secured by some kind of asset. Keep reading to learn more about these options, as well as what funding options are available to businesses with no collateral. But first, let’s take a closer look at what “collateral” actually means.
Increasing Your Website Sales
COVID-19 pretty much shut your buinesss down and significantly impacted your sales. You decided to take your business online, and after a lot of work, time and money, you have your site up and running. But, there’s one major problem, your online sales aren’t what you expected. Sounds like you have a conversion problem. There is a multitude of ways you can attempt to boost your conversion rate, but here’s a simple shortlist you can start with.
Building a Successful Business with OnDeck
Every small business owner knows first-hand the importance of access to capital. As the adage goes, it takes money to make money. Offering efficient and tailored access to capital is the mission of OnDeck Canada, one of the country’s leading online business lenders that relies on data analytics and digital technology to make real-time lending decisions.
Factor Rate vs. Interest Rate: Understanding Small Business Loan Rates and Fees
There are two common types of rate structures used in small business lending: interest rates and factor rates. If you’re seeking funding for your business, it’s integral that you understand the cost of your loan or advance before you sign a contract—after all, you have to know what you’re agreeing to in order to make the right choice for yourself and your business.
Canada Small Business Financing Loans vs. Merchant Cash Advances
In this post, we’ll compare Canada Small Business Financing Loans (CSBFLs) to merchant cash advances (MCAs) to help you understand the differences between these two popular but very different funding options.
The Best Medical Practice Funding Options for Doctors, Dentists, and Medical Professionals
Doctors and medical practices are typically considered to be ideal candidates for funding because of their high earning potential, high net worth, and stable income.
There are a number of loan and funding options available to medical practices in Canada, including long- and short-term funding, as well as secure and unsecured business loans for doctors. Here are 6 of the most popular.
How Canada’s Newest SMB Lender Uses Tech to Streamline Funding
One of Canada’s newest small business lenders is using the latest technologies to offer clients a more seamless financing experience, designed to meet the challenges of an uncertain economy.
8 Things Small Business Owners Need to Know About Merchant Cash Advances
Merchant cash advances are a relatively new form of funding that emerged after the 2008 recession in response to a greater need for accessible small business funding. Available from alternative lenders, including direct online lenders like Greenbox Capital®, merchant cash advances have less restrictive approval requirements and have made more working capital available to more businesses, including underserved communities like minority- and women-owned businesses.
Thinking Capital Review
If you are a small to medium sized Canadian run business and are seeking solutions to your financial problems, Thinking Capital has the experience and expertise to assist you.
Merchant Growth Review
Merchant Growth is a rapidly growing Canadian financing company that caters specifically to small businesses across the country. They provide loans and financing to a wide variety of different industries, from manufacturing to e-commerce and everything in between. With multiple different financing plans to suit each individual business need, Merchant Growth can help your business with renovations, staffing, inventory, technology and anything else that you need to help your business thrive.
The ultimate toolkit for anyone who runs a website
Most businesses display their services on the internet. This is where your target audience easily finds you and the services you offer. Setting up a website on your own may seem a bit difficult or even impossible because you have no coding or design knowledge. But, there are various companies with tools that allow you to design your website in a few minutes with no prior knowledge required. Below, we’ve listed the 10 best website service providers in Canada. Click on any tool you like to learn more and start using them.
What Type of Business Insurance Do I Need?
What you choose in business insurance protection depends on the type of business you operate. Therefore, business insurance packages cover various types of business needs. The following information will help you make a more informed decision when choosing business-based insurance products and packages.
How to Promote your Business on Social Media
If you are looking for a method to promote your business that is low cost and can allow you the advantage of reaching out to your specific target market, then social media is the right option for you.