Merchant Advance Blog

Blog Article: Ontario Business Loan Candidates – Major Economic Players

 

Ontario. As Canadians, we’ve come to respect the province that is not only home to our Capital City, but also to some of the largest and most prosperous Canadian businesses, large and small. Toronto is widely recognized as a Mecca for international business affairs as the city offers an appealing landscape for all sorts of viable companies. Given its size and prominence in the Country, many Ontario businesses have been privy to the ups and downs of the province’s economy.

With many Canadian businesses still struggling to regain control of their finances, we’ve seen a surplus of business from Central Canada. Merchant Advances and Business Loans have been provided to countless enterprises in the region and have been important to the prosperity of the businesses for a number of reasons. Most importantly is the certainty that most business owners have that their business will regain its financial footing in the coming years. Equally as important is the dedication of the owners, who continue to invest their time and money into their businesses. We’ve seen a plethora of businesses who are turned away from the large Canadian banks, due to lack of collateral or poor credit scores. While the banks continue to shy away from merchants, the business landscape of the Country is unable to prosper as it should.

Ontario businesses are no different than those of any other province, and are equally deserving of receiving working capital when needed. Unfortunately, we’ve found that due to the sheer volume of competing business in dense city spaces, many businesses are overlooked by the banks, in favour of ‘safer’ options, where collateral can be leaned upon. Let’s change this pattern. We’re here for businesses across the nation, one business at a time.

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