Author: journeycapitaladmin
How to navigate the world of business financing in the digital age?
We’re excited to share our partners at Smarter Loans were featured in the National Post. Smarter Loans is Canada’s online loan directory for any type of financing. Their website helps Canadians find reputable lenders & financial companies all over Canada and compare their products, rates, and terms in one place. In the article, Smarter Loans covers financing…
Utilizing business financing to expand your business
Business financing can be used in multiple ways to expand your business; such as launching new products, locations, improving operations and maximizing profit margins, or through external growth opportunities like acquiring new businesses. In a nutshell, Business expansion financing is used to facilitate long-term growth, revenue, and profit for the business. Different businesses, interpret “expansion”…
Common mistakes to avoid with business loans
Business financing can be exactly what you need to propel your business forward – but it needs to be used correctly Even though money coming may never seem to be a bad idea, there are some situations where opting for a business loan is not the ideal solution. And if it is the right…
Can a business loan help my auto shop?
Injecting funds into any small or large business can be a great help if used properly. For auto shops, in particular, inventory management is a key ingredient to success. Since parts and equipment can be expensive, and revenue usually doesn’t come in until after the inventory is sold and the job is done. Hence it…
5 takeaways from Journey Capital’s first partner event
Providing Canadian small businesses with great service and access to capital is a top priority for Journey Capital. We greatly value our partner network that allows us to reach small businesses and we are always looking for innovative ways to bring you useful content. On Thursday evening, May 10th, we hosted our first Partner Summit.…
Why would you need a fast small business loan?
Many businesses finance growth and meet short-term capital needs with a small business loan. There are times when fast access to additional capital, or access to a fast business loan, is critical to taking advantage of an opportunity to create additional ROI or meet a short-term business challenge. Unfortunately, because popular media promotes the idea…
12 quick ideas to make the holidays work for your small business and your family
Separation between work and home lives is a myth for most small business owners. (You’re likely living proof of this constant battle.) Time is your most valuable possession and the holiday season makes the overwhelming demand of your time much more noticeable to you and to your family members. For many business owners, the holiday…
All you need to know about short-term loans: A quick recap
When you’re beginning your research into financing for your business, there are a lot of items you need to consider. The most common question is ‘what type of loan should I get?’ There’s a myth out in the business world that it’s best to get the most amount of money for the longest payback period…
Female entrepreneurs and financing: Overcoming the challenges
Canadian businesses owned by women contribute billions of dollars to our economy every year. The number of female-owned businesses has doubled in Canada over the past two decades. Yet women still face potential barriers when it comes to financing their operations, whether they’re looking for a
Building your business up when the economy is down
Entrepreneurs are often more confident about borrowing and investing in business growth during a roaring economy. However, business growth opportunities can present themselves, even during a weak economic cycle.
Financing Options for a Startup
With no history, no track record, and no revenue, borrowing capital for a startup can sometimes feel like searching for the Holy Grail. Nevertheless, there are options, but they might not be where you expect.
The easiest ways to build a strong business credit profile
It can sometimes feel like a Catch-22. Part of building a strong credit profile is responsibly using business credit, but obtaining that business credit so that you can responsibly use it is sometimes easier said than done—especially for young companies just getting started.
Out of the start-up zone: Pivoting a small business to growth
Most businesses are launched with dreams of future growth. But there are things start-ups and other early-stage businesses can do now to lay the groundwork and prepare for future growth. They can start by building a credit profile that will help them access borrowed capital when the time is right.
Are you a savvy borrower?
A love of accounting is probably not the primary reason most entrepreneurs decide to start a business, but most of us would agree that at least a basic understanding of good accounting and bookkeeping practices is an important part of running a business. Likewise, mastering the ins-and-outs of financing is important