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 […]
At some point every equipment purchase comes down to the same question: take out a new equipment loan and own the thing outright, or lease it and keep your cash free for something else? There’s no single right answer — a delivery van and a CNC machine don’t play by the same rules.At Service Capital, […]
Are you a person who thinks getting a business loan in Regina is actually not about having perfect paperwork; it’s about knowing what local lenders actually want to see? Between Saskatchewan’s brutal seasonal swings, the realities of running a business near the GTH or in Cathedral Village, and underwriters who closely check both your business […]
If you’re running a business and need a quick injection of cash without dealing with the endless red tape of a traditional bank, a merchant cash advance could be the perfect fit. At Service Capital, we know that timing is everything when it comes to growing a business. Sometimes you just need capital that is […]