Merchant capital’ isn’t a standardised name for a single financing product. In many cases, it’s used to describe a merchant cash advance or similar revenue-based financing. Look it up in any lender’s glossary and you’ll find merchant cash advance instead, or sometimes revenue-based financing. In many cases, the terms are being used to describe similar […]
Halifax runs on a strange mix of old and new money. Halifax has a mix of established industries and newer sectors, from shipping and fishing to technology and financial services. That means businesses here can have very different financing needs. Add the region’s big seasonal swings, tourism, fishing, and shipbuilding work tied to federal contracts, […]
Picture a trucking company with a problem that has nothing to do with demand. Work is steady, invoices go out every week, and none of it matters because the biggest client pays on 60-day terms, while drivers and fuel suppliers need paying weekly. That gap, between doing the work and getting paid for it, is […]
Most business owners don’t go looking for financing on a good day. It’s usually because a piece of equipment just broke down, a big contract landed and needs upfront cash to fulfil, or the slow season hit harder than expected. Calgary’s economy moves in cycles tied to energy, construction, and transport, and that means cash […]
A business owner called a lender last month asking for “a loan to buy a delivery van”. Simple enough request, except the lender came back with two different products that could both technically do the job at two different rates with two very different repayment structures. That mix-up happens constantly, and it’s usually because term […]
There’s a moment almost every business owner hits eventually: you need a piece of equipment, it costs more than you’d like to pull out of the business account in one go, and buying it outright would mean putting other plans on hold for months. That’s usually when leasing comes up in conversation, often from an […]
Anyone who has gone through a business financing application knows that the rate you see at the start isn’t always the rate you end up with. Fees, variable terms, and repayment conditions can all change the real cost of the financing, especially when your business hits a slower month. Getting a good financing deal isn’t […]
It is likely that you have heard the phrase “commercial financing” used in a bank email or at a networking event. It sounds more expansive and intricate than it is. Fundamentally, it simply refers to funds that a company raises or borrows in order to operate or expand. Refinancing previous debt, expanding into a new […]
If you’ve ever sent an invoice and then spent the next 60 days quietly stressing about payroll, you already understand the problem invoice factoring is built to solve. It’s not complicated once someone actually explains it properly, which is rare, because most of what’s written about it online is either too vague or too salesy […]
Last March, a Moncton-area agency owner sent us their books. Revenue was up 22% year over year. They still couldn’t make payroll that month. That’s not a rare story. It’s what happens when a $50,000 contract clears over five months but the payroll run doesn’t wait five months for anything. Service businesses live with a […]