Business Credit Cards
Get the Best Use Out of Business Credit Cards Most business owners have run into sudden unexpected expenses and could use business credit cards to tide them over. Equipment malfunctions, an abrupt rise orders to be filled, or any number of crises can send daily operations into a tailspin. Fortunately, business credit cards and other…
What is a Business Line of Credit?
There are several very valid reasons for a company to open a business line of credit, since there is always a need to keep operations running smoothly no matter the nature of the business.
Merchant Cash Advance – All You Need to Know About MCAs
Leveraging the funds built upon credit merchant accounts is one of the many ways in which a business might have access to some cash for capital when needed. Read the full story at Smarter Loans.
How to Qualify for a Business Loan
If you’ve looked into securing a business loan at all, you’ll understand that qualifying is a process. You’re going to need a great business plan, a decent credit score, and knowledge of the criteria of the institutions you plan to apply to. In many cases, you must already be in business and generating sales…
How To Fund A Business Startup
Starting up a new business can seem like a fairly daunting task—there’s a lot that goes into getting it just right. Once you’ve got the idea and the business plan, it’s time to figure out where the money you’re going to need to get started will come from. The process of finding funding can be…
Evolocity Brings Speed and Efficiency to Small Business Lending
Today, small businesses looking for a loan or cash advance of $10,000 to $250,000 only need to spend about 8 minutes on the Evolocity website, and if approved will receive a loan within 48 hours, no pen or paper required. In fact, the entire process can be completed on a mobile device.
Customization and Partnerships Set Grow Financial Apart
Grow Financial is growing again: The Vancouver-based lending platform, which launched a partnership with Saskatchewan’s Conexus Credit Union in April, says another partnership is in the works for later this year with BC’s First West Credit Union.
BDC’s Small Business Loan: Easy as Asking for a Credit Card
The Business Development Bank of Canada’s online small business loan program is simple, easy, flexible and quick. Edmonton-based online apparel retailer Gord Gable recently used it to upgrade his company’s website and called the experience ¨fanstastic¨.
Catching up with Canada’s oldest alternative lender
The recently published “Breaking New Ground: The Americas Alternative Finance Benchmarking Report” – spearheaded by the Cambridge Centre for Alternative Finance – explores a market which produced $36.49 billion in funding volume in 2015. Of that total, Canada generated $206.96 million, up 240% from the $60.81 million that was recorded in 2014. The Cambridge report focused solely on the exchange-based platforms, i.e. marketplace lenders and a range of crowdfunders. Despite the somewhat limited scope of this report, it’s clear that Canada’s alternative finance space – while growing – is at an earlier stage in its growth trajectory than its neighbour the US (which has produced c. 99% of the funding that has to date been delivered by alternative financiers in the Americas).
OnDeck to Expand Successful SMB Lending Platform in Canada
Since its first loan in 2007 OnDeck has received stellar reviews from third party rating systems, including an A+ rating from the New York Better Business Bureau, a Net Promoter Score of 73 and a rating of 9.5 out of 10 in customer reviews on TrustPilot. The company is also listed on the York Stock Exchange under the symbol ONDK, and market insight publication Seeking Alpha recently called OnDeck a “fast growing fintech with revenue growth projected at 30% for the next few years.”