Loans

Managing Accounts Receivable in a Business

What is Accounts Receivable? Accounts Receivable is money that is owed to a business after the business has sold its product to a customer. The business is waiting to receive payment for its sale. As with Accounts Payable, it is crucial for a business to manage its Accounts Receivable correctly… Read more »

The Importance of Managing Accounts Payable

Accounts Payable is the money a business owes its suppliers for goods and services that have been delivered to the business. The supplier would have also provided an invoice for the delivery. Managing accounts payable is incredibly important as it directly affects the cash flow of the business. Cash flow… Read more »

What Are Accelerated Payments in Business Operations and Business Loans?

Accelerated Payments in Business Loans Accelerated Payments in Business Loans occur when a borrower business increases the speed of repayment of its loan by: This reduces the interest costs. This can benefit a business if it expects to have sufficient cash flow to handle these accelerated payments. Accelerated Payments in… Read more »

What is a Business Loan Broker (Video)?

What is a Business Loan Broker (Video)?

We should begin this conversation by stating that our firm has some of the best business loan brokers in Canada and U.S. Our mission is to understand the business funding needs of our business clients and to find and deliver the lowest-cost business loans to these clients. Business Loan Broker… Read more »

Will the Bank of Canada Cut its Policy Interest Rate from 4.75% on July 24th, 2024?

Will the Bank of Canada Cut its Policy Interest Rate from 4.75% on July 24th, 2024?

Ever since Bank of Canada governor Tiff Macklem and his board decided to cut the Bank of Canada’s policy interest rate from 5% to 4.75% – the first rate cut since the 2020 pandemic – which was announced in Ottawa on June 5th, 2024, individuals, businesses, and the capital markets… Read more »

Solve Low Labour Productivity in Canada: Businesses Need Investments, Less Taxes, Less Homeownership Obsession

Economists at the Bank of Canada have been blaring the alarm about a problem in Canada’s economy that’s even more important than, but inextricably linked to, inflation. This problem is the consistently stagnant and even declining rate of productivity in Canada. It is close to the bottom of the ranking… Read more »

How Do Increasing Oil Prices Affect Your Business Loan Interest Rates?

Following a surprise additional voluntary cut of oil supply by some OPEC+ members in September 2023, the Brent crude oil price skyrocketed to over US$90 a barrel and U.S. West Texas Intermediate (WTI) crude, which generally moves in tandem with Brent, increased to about US$87 a barrel. However, by the… Read more »

What is Mortgage Insurance?

An insurance policy that protects the mortgage lender in the event that the borrower defaults on the loan.

What is a Mortgage?

A loan that is obtained by a borrower from a mortgage provider in order to buy real estate such as a house, commercial building, or land.

Equipment Financing for Small Businesses – How to Buy Business Equipment with a Business Loan

Equipment financing and equipment leasing companies offer business funding to companies that are looking to purchase assets such as vehicles and business equipment that will be used in the business process.

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