We’ve all had a certain kind of phone call: a firm, hopefully polite request to remit payment for some or other expense. It’s never fun to receive a request for payment, and for many small business owners, the discomfort around collections extends to situations where businesses need to collect unpaid invoices that may be piling […]
Filing for bankruptcy is the absolute last resort for a business that cannot find other avenues to clear up its debts and keep itself running. It can be a difficult, highly charged and emotional decision – especially for sole proprietorships or partnerships. While we would prefer never to see businesses have to file for bankruptcy, […]
Business growth and innovation would not succeed without entrepreneurial risk and commitment. At Merchant Advance, we’ve come to know hundreds of businesses who are ready to make that commitment to growth, and to build a foundation from which they can move forward more confidently. In their recent announcement of the Canadian Business Growth Fund, the federal […]
Every small business is unique, and no two businesses have the same definition of success. Especially for a newer business, measuring success meaningfully is critical. Measuring success in the small business world can be a challenge when one is often faced with having to compare themselves to larger or more established competitors, big winners on […]
As a small business, there’s a good chance that you may get to know your customers well. As in, really well – how did his or her kid’s hockey tournament go this past weekend? Can you get them the usual? The recognition and personal touch you offer may make repeat customers out of new ones, […]
Cyberattacks: Not Just A Big Business Problem The rise of e-commerce has allowed small business owners to open the scope of their markets wider than ever before, but there are many potential downsides to shifting to online-centric models. One of these is the increased vulnerability to security compromises and hacking: as we have seen in […]
The Tax-Free Savings Account (TFSA) has become a valuable tool for personal financial planning, but a new report suggests that they are underused and poorly optimized relative to their potential for use as tools for small business investment. Youri Chassin, a researcher with the Montreal Economic Institute, suggests: Modifying the rules that govern TFSAs by allowing […]
We were thrilled to get involved in one of our coolest projects to date, a short film created to bring awareness to members of the LGBTQ community who face isolation and/or misunderstanding from within their community. The video follows the narrative of 7 people, each representing different associations with the LGBTQ community. It starts with […]
Burnaby Community Services decided to ditch its annual black tie affair in lieu for a new fresh and FUNdraising event – the inaugural Burnaby Beer Festival. The event, which was a huge success, featured beer tastings from select Lower Mainland and Fraser Valley micro-breweries, food tastings and live music. Hosted at SpaceKraft, a local shared space for […]
Though your humble blogger is not much of a football fan, the story of a dramatic comeback win at yesterday’s Super Bowl was something of an inspiration. There’s so much mental fortitude and belief in one’s own capabilities that is needed to gather your wits and work hard enough to succeed against overwhelming odds. Many […]
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Once you're ready to proceed, we'll explain how each option works, answer any questions you might have about the program and let you know what you can expect from us as a finacial partner. Full transparency, 24/7 account access and the absolute best customer service is our promise to you.
We'll let you know when you're eligible for additional funding but we won't sneak in top-ups or extend additional capital without your express consent. Guaranteed.
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