Five Steps to Securing a Business Line of Credit
Step 1: Evaluate Your Financing Needs Step 2: Analyze Factors That Impact Credit Lines Step 3: Research Potential Lenders Step 4: Prepare a Credit [...]
Read more
Currently browsing: Small Business Finances
Business Loans vs. Personal Loans: What are the Key Differences?
Securing a business loan is no small or easy feat, especially when you’re stuck choosing between business loans and personal loans. […]
Cost of Debt Explained: Formula, How It’s Calculated & Impacting Factors
This article defines the cost of debt and explains how to calculate it. It also outlines the key factors that influence debt costs. […]
Glossary of Terms for Small Business Owners
In today’s fast-moving small business environment, knowing your numbers isn’t enough — you also need to understand the language behind them. […]
How to Get a Business Loan with a Bad Credit Score in Ontario
Getting a small business loan with poor credit in Ontario can be an uphill battle. Traditional lenders often prioritize high credit scores, leaving you to [...]
Read more
Advantages of Alternative Financing for Small Businesses
What is Alternative Financing? “Alternative financing” is an umbrella term for non-traditional loans offered by non-bank lenders. In contrast to alternative loans, traditional loans are […]
Microlending: What You Need to Know
Microlending is a valuable option for startups and underfunded entrepreneurs who need smaller amounts of capital. Why? Because getting approved for a microloan can provide [...]
Read more