# Swoop CA
> business funding and savings
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## Pages
- [Credit scores](https://swoopfunding.com/ca/credit-builder/): Build your credit & unlock more funding options Better credit helps you borrow more and at better rates. Quickly build...
- [Overdraft calculator](https://swoopfunding.com/ca/business-loan-calculator/overdraft-calculator/): Our business overdraft calculator can help you estimate the costs associated with using an overdraft facility for your business. Use it free here.
- [Business loan for marketing](https://swoopfunding.com/ca/business-loans/marketing-loans/): A business marketing loan is a type of financing designed to help businesses fund advertising, branding, and promotional activities to attract customers.
- [What does working capital requirement measure?](https://swoopfunding.com/ca/business-loans/working-capital-loans/what-does-wcr-measure/): Your working capital requirement (WCR) measures how much short-term funding your business needs to operate on a daily basis. Read more or apply for funding here
- [Bad credit working capital loans](https://swoopfunding.com/ca/business-loans/working-capital-loans/bad-credit-working-capital/): it’s still possible to get a working capital loan with bad credit, but you may have to put in more effort and be flexible on the terms. Read how, or apply here.
- [Material handling equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/material-handling-equipment-finance/): Material handling equipment is designed to move all kind of goods and materials from A to B, but this comes at a cost. Find out more, or sign up with Swoop today.
- [Crane equipment finance](https://swoopfunding.com/ca/business-loans/asset-finance/crane-finance/): Crane finance is a specialized form of equipment financing, spreading the cost of expensive machinery over time. Read more or apply for crane finance here.
- [Supercar finance](https://swoopfunding.com/ca/business-loans/asset-finance/supercar-finance/): They go fast, they look great and they cost far more than your typical daily driver. Read more about supercar finance, or arrange your exotic car finance here.
- [Invoice factoring vs. invoice discounting: What's the difference?](https://swoopfunding.com/ca/business-loans/invoice-factoring/factoring-vs-discounting/): When businesses need to improve cash flow, two common solutions are invoice factoring and invoice discounting, but which is right for you? Find out here.
- [Car finance settlement calculator](https://swoopfunding.com/ca/business-loan-calculator/car-finance-settlement-calculator/): Car finance settlement calculator Our free car finance settlement calculator can help you estimate your final outstanding payment to clear...
- [Car finance calculator](https://swoopfunding.com/ca/business-loan-calculator/car-finance-calculator/): Car finance calculator Our free car finance calculator can help you estimate your monthly repayments when taking out finance. Repayments...
- [Visiting Angels](https://swoopfunding.com/ca/business-loans/franchise-finance/visiting-angels/): Visiting Angels specializes in care services to clients in the comfort of their own home. They claim to be the #1 provider. Read more here and get started.
- [Pizza Hut](https://swoopfunding.com/ca/business-loans/franchise-finance/pizza-hut/): Pizza Hut is a big player in the growing pizza industry it operates in more than 100 countries. Learn all about its franchise options with Swoop.
- [Market validation](https://swoopfunding.com/ca/business-glossary/market-validation/): Definition Market validation is a key process in business development and entrepreneurship aimed at confirming the potential and demand for...
- [Jan-Pro](https://swoopfunding.com/ca/business-loans/franchise-finance/jan-pro/): Jan-Pro are a franchised cleaning and janitorial services organization, and worth $96 billion per year. Read all about the franchise here.
- [Serviceable obtainable market (SOM)](https://swoopfunding.com/ca/business-glossary/serviceable-obtainable-market/): Definition Serviceable obtainable market is a concept in business strategy and market analysis, which refers specifically to the portion of...
- [Serviceable available market (SAM)](https://swoopfunding.com/ca/business-glossary/serviceable-addressable-market/): Definition A serviceable available market is a concept in business strategy and market analysis, closely related to total available market...
- [Total addressable market (TAM)](https://swoopfunding.com/ca/business-glossary/total-addressable-market/): Definition A total addressable market is a concept in business strategy and market analysis. It refers to the overall revenue...
- [Credit union](https://swoopfunding.com/ca/business-glossary/credit-union/): Definition A credit union is a financial cooperative owned and operated by its members, who are typically individuals with a...
- [Book-to-market ratio](https://swoopfunding.com/ca/business-glossary/book-to-market-ratio/): Definition The book-to-market (B/M) ratio is a financial metric used to evaluate the relative valuation of a company's stock by...
- [Benefit-cost ratio (BCR)](https://swoopfunding.com/ca/business-glossary/benefit-cost-ratio/): Definition The benefit-cost ratio (BCR) is a financial metric used to evaluate the profitability or viability of an investment or...
- [Bankruptcy](https://swoopfunding.com/ca/business-glossary/bankruptcy/): Definition Bankruptcy is a legal process that individuals and businesses can use to obtain relief from overwhelming debt burdens when...
- [Artificial intelligence (AI)](https://swoopfunding.com/ca/business-glossary/artificial-intelligence/): Definition Artificial intelligence (AI) refers to the simulation of human intelligence in machines, enabling them to perform tasks that typically...
- [Acceleration clause](https://swoopfunding.com/ca/business-glossary/acceleration-clause/): Definition An acceleration clause allows the lender or creditor to demand immediate repayment of the entire outstanding balance or take...
- [Accelerated depreciation](https://swoopfunding.com/ca/business-glossary/accelerated-depreciation/): Definition Accelerated depreciation is a method used in accounting to allocate the cost of a tangible asset over its useful...
- [Software as a service (SaaS)](https://swoopfunding.com/ca/business-glossary/software-as-a-service/): Definition Software as a service (SaaS) is a cloud-based software distribution model in which applications are hosted by a third-party...
- [Small and medium enterprise (SME)](https://swoopfunding.com/ca/business-glossary/small-and-medium-enterprise/): Definition Small and medium enterprise (SME) refers to businesses that typically have a relatively small number of employees and generate...
- [Service-level agreement (SLA)](https://swoopfunding.com/ca/business-glossary/service-level-agreement/): Definition A service-level agreement (SLA) is a formal contract or agreement between a service provider and its customer that outlines...
- [Search engine optimisation (SEO)](https://swoopfunding.com/ca/business-glossary/search-engine-optimisation/): Definition Search engine optimisation (SEO) is a digital marketing strategy aimed at improving a website's visibility and ranking on search...
- [Revenue](https://swoopfunding.com/ca/business-glossary/revenue/): Definition Revenue refers to the total amount of money earned by a company from its normal business activities over a...
- [Quote](https://swoopfunding.com/ca/business-glossary/quote/): Definition A quote serves as an official offer outlining the terms and conditions under which the seller is willing to...
- [Fastsigns](https://swoopfunding.com/ca/business-loans/franchise-finance/fastsigns/): Fastsigns produce custom signs and marketing materials for businesses in Canada and seven other countries. Read all about it here and get started.
- [Quarter to date (QTD)](https://swoopfunding.com/ca/business-glossary/quarter-to-date/): Definition Quarter to date (QTD) refers to the period starting from the beginning of the current quarter up to the...
- [Domino's](https://swoopfunding.com/ca/business-loans/franchise-finance/dominos/): In the highly competitive world of pizza retailing, Domino’s are the big boys on the block. Learn all about this type of franchise here.
- [Quarter over quarter (QoQ)](https://swoopfunding.com/ca/business-glossary/quarter-over-quarter/): Definition Quarter over quarter (QoQ) is a financial metric used to analyse changes in a company's performance or a particular...
- [Comfort Keepers](https://swoopfunding.com/ca/business-loans/franchise-finance/comfort-keepers/): Comfort Keepers are an international care provider and a wholly owned subsidiary of global food and services conglomerate. Read all about the franchise here.
- [Public relations (PR)](https://swoopfunding.com/ca/business-glossary/public-relations/): Definition Public relations (PR) is the strategic practice of managing communication between an organisation and its various stakeholders, including the...
- [CertaPro](https://swoopfunding.com/ca/business-loans/franchise-finance/certapro/): CertaPro Painters is a painting and decorating business, providing building improvement services to residential & commercial customers. Learn more.
- [Platform as a service (PaaS)](https://swoopfunding.com/ca/business-glossary/platform-as-a-service/): Definition Platform as a service (PaaS) is a cloud computing model that provides a platform allowing customers to develop, run,...
- [Cinnabon](https://swoopfunding.com/ca/business-loans/franchise-finance/cinnabon/): Cinnabon operate quick-service bakeries that sell their world famous fresh-baked cinnamon rolls. Read all about the franchise here, or apply for funding.
- [Pay per click (PPC)](https://swoopfunding.com/ca/business-glossary/pay-per-click/): Definition Pay per click (PPC) is an online advertising model in which advertisers pay a fee each time their ad...
- [Currency converter](https://swoopfunding.com/ca/business-loan-calculator/currency-converter/): Our free currency converter can help you stay on top of exchange rates, whether you're planning a vacation, making an online purchase, or conducting business.
- [Pay as you earn (PAYE)](https://swoopfunding.com/ca/business-glossary/pay-as-you-earn/): Definition Pay as you earn (PAYE) is a system of income tax withholding used by employers to deduct tax from...
- [Transworld Business Advisors](https://swoopfunding.com/ca/business-loans/franchise-finance/transworld-business-advisors/): Transworld Business Advisors are a consulting organization. They help small business owners to grow, buy or sell their businesses. Get started today.
- [On-demand computing (ODC)](https://swoopfunding.com/ca/business-glossary/on-demand-computing/): Definition On-demand computing (ODC), also known as utility computing or pay-as-you-go computing, is a cloud computing model in which computing...
- [Signal](https://swoopfunding.com/ca/business-loans/franchise-finance/signal/): Signal is a franchised private security company offering a range of security options to residential and business customers. Read more here.
- [Net foreign income](https://swoopfunding.com/ca/business-glossary/net-foreign-income/): Definition Net foreign income refers to the total income earned by a country's residents from foreign sources, minus the income...
- [Popeyes franchise](https://swoopfunding.com/ca/business-loans/franchise-finance/popeyes/): Popeyes operates quick-service restaurants that offer a ‘Louisiana- style’ menu. Learn more about it here and get started.
- [Month to date (MTD)](https://swoopfunding.com/ca/business-glossary/month-to-date/): Definition Month to date (MTD) is a financial metric used to track and analyse the performance of a particular measure...
- [Kumon franchise](https://swoopfunding.com/ca/business-loans/franchise-finance/kumon-franchise/): Kumon is the world’s largest provider of supplementary education, they improve the teaching children receive in school. Learn all about it here.
- [Month over month (MoM)](https://swoopfunding.com/ca/business-glossary/month-over-month/): Definition Month over month (MoM) is a financial metric used to compare the performance of a particular variable or indicator...
- [Chem-Dry franchise](https://swoopfunding.com/ca/business-loans/franchise-finance/chem-dry-franchise/): Chem-Dry is a carpet cleaning business in North America, offering entrepreneurs the chance to grab a piece of an industry worth $6.6 billion. Read more.
- [Monthly recurring revenue (MRR)](https://swoopfunding.com/ca/business-glossary/monthly-recurring-revenue/): Definition Monthly recurring revenue (MRR) is a key metric used by businesses, particularly in subscription-based models, to measure the predictable...
- [Burger King](https://swoopfunding.com/ca/business-loans/franchise-finance/burger-king/): Famed for their flame-grilled burgers and other fast-food delights, Burger King has been around for many years and shows no signs of slowing down. Learn more.
- [Market value](https://swoopfunding.com/ca/business-glossary/market-value/): Definition Market value, also known as fair market value, refers to the current price at which an asset, security, or...
- [Anytime Fitness](https://swoopfunding.com/ca/business-loans/franchise-finance/anytime-fitness/): Anytime Fitness offer customer access to fitness centers that provide one to one and group exercise programs, coaching, recovery training etc. Learn more.
- [Infrastructure as a service (IaaS)](https://swoopfunding.com/ca/business-glossary/infrastructure-as-a-service/): Definition IaaS providers offer virtualised computing resources, including virtual machines (VMs) or containers, which enable clients to run applications and...
- [Signarama](https://swoopfunding.com/ca/business-loans/franchise-finance/signarama/): Signarama is a franchised printing and sign-making business producing and selling magnetic, paper and laminated signs. Learn all about the franchise here.
- [Human resources (HR)](https://swoopfunding.com/ca/business-glossary/human-resources/): Definition Human resources (HR) refers to the department within an organisation responsible for managing and coordinating all aspects related to...
- [Paris baguette](https://swoopfunding.com/ca/business-loans/franchise-finance/paris-baguette/): Paris Baguette is a franchised café/bakery organisation that sell a variety of French-inspired pastries, cakes, sandwiches and more. Learn it all here.
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- [Papa John's](https://swoopfunding.com/ca/business-loans/franchise-finance/papa-johns/): Papa John’s is a pizza business giant that offers consumers eat-in dining, delivery or takeout services for pizzas and much more. Read all about it here.
## Compare business current account
- [Novus Glass](https://swoopfunding.com/ca/business-loans/franchise-finance/novus-glass/): Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. Read all about the franchise here and get started.
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- [Minuteman Press](https://swoopfunding.com/ca/business-loans/franchise-finance/minuteman-press/): Minuteman Press is a franchise network that provides printing and related business services to companies and the public. Read more about it with here.
## Compare business credit cards
- [KFC](https://swoopfunding.com/ca/business-loans/franchise-finance/kfc/): KFC is one of the world’s best known fast food brands that sell fried chicken and related food and drink products. Learn all about the franchise here.
- [Archa Mastercard® Business Card](https://swoopfunding.com/ca/compare-credit-cards/archa-credit-card/):
- [Jiffy Lube](https://swoopfunding.com/ca/business-loans/franchise-finance/jiffy-lube/): Jiffy Lube franchise provides oil change and lubrication services for cars and light trucks, as well as basic repair services. Learn all about it here.
- [Home Instead](https://swoopfunding.com/ca/business-loans/franchise-finance/home-instead/): Home Instead provides in-home care services with a mission to enable seniors and other individuals to live independently at home. Learn all here.
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- [Budget Blinds](https://swoopfunding.com/ca/business-loans/franchise-finance/budget-blinds/): Budget Blinds is a window coverings franchisor, selling window blinds and sundry items to restaurants, businesses, healthcare, schools and more. Read more.
## Podcasts & Videos
- [Wild Birds Unlimited](https://swoopfunding.com/ca/business-loans/franchise-finance/wild-birds-unlimited/): Wild Birds Unlimited have been offering franchise opportunities since 1983. Find out more or secure funding with Swoop.
- [Insider secrets to buying and selling a business](https://swoopfunding.com/ca/podcasts-videos/insider-secrets-to-buying-and-selling-a-business/): Join Ciaran Burke (COO & Co-Founder, Swoop) and Blake Hutchison (CEO, Flippa) as they reveal expert strategies for buying and selling businesses.
- [Snap-on Tools](https://swoopfunding.com/ca/business-loans/franchise-finance/snap-on-tools/): Snap-on tools is a tools manufacturer and distributor, selling tools and diagnostic equipment to automotive dealers. Read all about it here.
- [What You Need to Know About Workplace Pensions After the Budget](https://swoopfunding.com/ca/podcasts-videos/what-you-need-to-know-about-workplace-pensions-after-the-budget/): Watch this webinar to explore the latest budget changes affecting Workplace Pensions. We are discussing updates to auto-enrolment, employer contributions,...
- [Wendy's](https://swoopfunding.com/ca/business-loans/franchise-finance/wendys/): Famous for their unique, square-shaped hamburger patties, Wendy’s are a big player in the global fast food industry. Read all about funding options for you.
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- [UPS store](https://swoopfunding.com/ca/business-loans/franchise-finance/ups-store/): UPS is a franchised parcel delivery company, providing packaging, courier, photocopying and other services to individuals and organizations. Learn all here.
## International Money Transfers
- [Re/Max](https://swoopfunding.com/ca/business-loans/franchise-finance/re-max-franchise/): Re/Max are a real estate brokerage franchisor providing branding and business support to real estate brokerages. Learn more today.
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- [Pirtek](https://swoopfunding.com/ca/business-loans/franchise-finance/pirtek-franchise/): Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. Learn it all here.
## Knowledge hub
- [McDonald's](https://swoopfunding.com/ca/business-loans/franchise-finance/mcdonalds-franchise/): McDonald’s are the fast food chain that started it all and are one of the most successful restaurant in the world. Read more here.
- [Convertible loan note](https://swoopfunding.com/ca/knowledge-hub/convertible-loan-note-cln/): Have you offered a loan from an investor under a CLN agreement? Is it the right choice for your business? Here's how they work.
- [Century 21](https://swoopfunding.com/ca/business-loans/franchise-finance/century-21/): Century 21 is an international real estate franchise. Read all about century 21 franchise costs, process & secure your funding with Swoop.
- [Advanced Subscription Agreement (ASA)](https://swoopfunding.com/ca/knowledge-hub/advanced-subscription-agreement-asa/): An Advanced Subscription Agreement (ASA) is an equity instrument where investors 'pre-pay' for shares in a company. Find out more.
- [Express Employment Professionals](https://swoopfunding.com/ca/business-loans/franchise-finance/express-employment-professionals/): Express Employment Professionals is a B2B recruitment franchise that helps companies secure staffing placements. Read about the franchise & secure funding here.
- [Startup finance](https://swoopfunding.com/ca/knowledge-hub/startup-finance/): Looking for funding options to help your startup business grow? Find out what your options are on the Swoop Knowledge Hub.
- [Matco Tools](https://swoopfunding.com/ca/business-loans/franchise-finance/matco-tools/): Matco Tools is a distribution franchisor, selling sundry items to automotive dealers, garages and workshops. Read all about the franchise & secure your funding.
- [Debt financing](https://swoopfunding.com/ca/knowledge-hub/debt-financing/): Thinking of utilising debt financing to raise capital for your business? Find out what your options are with the Swoop Knowledge Hub.
- [Solar equipment financing for businesses](https://swoopfunding.com/ca/business-loans/asset-finance/solar-equipment-financing-for-businesses/): Solar equipment financing refers to business loans and leases that help organizations buy or rent the commercial solar equipment they need. Read more here.
- [Grant funding](https://swoopfunding.com/ca/knowledge-hub/grant-funding/): A grant is a form of finance provided by either government or private organisations for a specific purpose. Find out more here.
- [Manufacturing equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/manufacturing-equipment-financing/): Manufacturing finance can be used to buy machinery for manufacturing businesses, or to borrow against the value of equipment that you already own. Learn more.
- [Mezzanine finance](https://swoopfunding.com/ca/knowledge-hub/mezzanine-finance/): Mezzanine financing is a fairly complex form of business loan that gives the lender the right to a share of equity in your business if you default on your loan.
- [Dental equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/dental-equipment-financing/): Dental equipment financing refers to specialist business loans that help Canadian dental businesses obtain the equipment they need. Learn more with Swoop.
- [Private debt](https://swoopfunding.com/ca/knowledge-hub/private-debt/): Private debt products are financed by non-bank institutions - could this be the right option for your business? Find out from the Swoop Knowledge Hub
- [Construction equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/construction-equipment-financing/): Construction equipment – diggers, bobcats, dump trucks, and more is used by industries as varied as construction, agriculture, and landscaping etc. Learn more.
- [Private equity](https://swoopfunding.com/ca/knowledge-hub/private-equity/): Private equity is a type of equity financing. Private Equity funds give your business money in return for a large or controlling share in your business.
- [Bobcat financing](https://swoopfunding.com/ca/business-loans/asset-finance/bobcat-financing/): Bobcats are the versatile machines of choice for many Canadian businesses and these vehicles can come in all shapes and sizes. Learn more with Swoop.
- [Venture capital](https://swoopfunding.com/ca/knowledge-hub/venture-capital/):
- [Boat financing](https://swoopfunding.com/ca/business-loans/asset-finance/boat-financing/): Boat loans function like auto loans – you borrow all or some of the cost of the boat you’re buying and then you pay the principal back with interest. Read more.
- [Business angels](https://swoopfunding.com/ca/knowledge-hub/business-angels/): Business angels are individuals who are prepared to put their own money into startup or early-stage businesses in exchange for a share of the company’s equity.
- [Bakery equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/bakery-equipment-financing/): Bakery equipment financing and leasing refers to specialist business loans that help organisations buy bakery equipment for their business. Learn more here.
- [Confidential invoice factoring](https://swoopfunding.com/ca/knowledge-hub/confidential-invoice-factoring/): Confidential invoice factoring works on the same principle as normal factoring. You still outsource your credit control to the factoring provider. The only difference is how the lende introduces themselves to your customers.
- [Audio visual equipment financing](https://swoopfunding.com/ca/business-loans/asset-finance/audio-visual-financing/): Audio visual equipment includes devices that deliver a visual or sound effect to your audience. Learn all about it and how to get financed with Swoop.
- [Spot factoring](https://swoopfunding.com/ca/knowledge-hub/spot-factoring/): Spot factoring is a type of selective invoice finance, i.e. a way of borrowing money using your unpaid invoices. It’s similar to selective invoice discounting in that it allows you to finance specific invoices (or customers).
- [Aircraft financing](https://swoopfunding.com/ca/business-loans/asset-finance/aircraft-financing/): Aircraft financing is lending that can be used to buy aircraft, or to borrow against the value of an aircraft that you own. Read more and apply with Swoop.
- [Invoice factoring](https://swoopfunding.com/ca/knowledge-hub/invoice-factoring/): Invoice factoring is a type of invoice finance. Factoring (like invoice discounting) is used to finance all of your invoices (i.e. your entire sales ledger).
- [No doc business loan](https://swoopfunding.com/ca/business-loans/no-doc-business-loan/): No document, or ’no-doc’ business loans are finance products designed to deliver funding with almost zero paperwork. Learn more, or apply with Swoop.
- [Invoice discounting](https://swoopfunding.com/ca/knowledge-hub/invoice-discounting/): Invoice discounting is arguably the simplest form of invoice finance – it’s a way of borrowing money using your unpaid invoices. Find out
- [Revenue based financing](https://swoopfunding.com/ca/business-loans/revenue-based-financing/): Revenue-based financing uses the value of an organization’s gross sales or profits to raise capital from lenders & investors. Read more here.
- [Hire purchase](https://swoopfunding.com/ca/knowledge-hub/hire-purchase/): Hire purchase is a way for you to buy an asset by paying in instalments over a period of time, rather than paying upfront. Find out more here.
- [Price per square foot calculator](https://swoopfunding.com/ca/business-loan-calculator/price-per-square-foot-calculator/): Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying.
- [Supplier finance](https://swoopfunding.com/ca/knowledge-hub/supplier-finance/): Supplier finance (also known as ‘supply chain finance’ or ‘reverse factoring’) is a type of business cash advance, similar to invoice finance. If your business is the seller (or supplier) then you can benefit from the higher credit scores of the buyers in your supply chain. Your buyers can also lengthen their payment terms without impacting your cash flow.
- [Purchase order (PO) finance](https://swoopfunding.com/ca/knowledge-hub/purchase-order-finance-po-finance/): Purchase order (PO) finance is funding advanced to a supplier (from a finance provider) secured against a confirmed purchase order. Find out more here.
- [Business overdraft](https://swoopfunding.com/ca/knowledge-hub/business-overdraft/): Whether you need cash quickly or you're after a safety net that you can use occasionally, a business overdraft could...
- [Line of credit (non-revolving)](https://swoopfunding.com/ca/knowledge-hub/line-of-credit-non-revolving/): You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a ‘rolling’ type of line of credit.
- [Revolving credit facility (line of credit)](https://swoopfunding.com/ca/knowledge-hub/revolving-credit-line-facility/): A revolving credit facility is a type of working capital finance that enables you to withdraw money when you need it to fund your business.
- [Asset refinance](https://swoopfunding.com/ca/knowledge-hub/asset-refinance/): Asset refinancing is a way to unlock cash from items your business already owns. You can secure a loan with e.g. commercial property, equipment or vehicles.
- [Startup loan](https://swoopfunding.com/ca/knowledge-hub/startup-loan/): Like any other business loan, a startup loan is a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate.
- [Peer-to-peer (P2P) lending](https://swoopfunding.com/ca/knowledge-hub/peer-to-peer-lending/): Peer-to-peer lending (P2P) is a type of business loan provided by a large number of private investors to your business, usually through an online platform.
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## Surveys
- [Swoop State of Business Survey 2024](https://swoopfunding.com/ca/surveys/swoop-state-of-business-survey-2024/): There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it. Read more here.
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## Sectors
- [Self-employed loans with no proof of income](https://swoopfunding.com/ca/sectors/self-employed-loans-with-no-proof-of-income/): Self-employed workers & sole traders often require business financing and are usually asked for proof of income. Learn more here.
- [Self-employed loans with bad credit](https://swoopfunding.com/ca/sectors/self-employed-loans-with-bad-credit/): There are almost three million self-employed workers in Canada, and many of them will need extra funding to support their business. Read more here.
- [Internal rate of return calculator](https://swoopfunding.com/ca/business-loan-calculator/internal-rate-of-return-calculator/): Our Internal Rate of Return (IRR) calculator helps you determine the profitability of investments or projects. Use it for free here to calculate your IRR.
- [Emergency business loans](https://swoopfunding.com/ca/business-loans/emergency-business-loans/): What do you do when you need money in a hurry and don’t have time to wait for standard business loan? Emergency business loans may be for you. Read more.
- [Term loans](https://swoopfunding.com/ca/business-loans/term-loans/): Term loans for businesses can be fast and simple to get and let you pay the money back over several years. Read more here, or apply with Swoop today.
- [Compound annual growth rate calculator](https://swoopfunding.com/ca/business-loan-calculator/compound-annual-growth-rate-calculator/): Our compound annual growth rate (CAGR) calculator helps you measure an investment's annual growth rate over a specified period. Use it for free here.
- [Refinance calculator](https://swoopfunding.com/ca/business-loan-calculator/refinance-calculator/): Our loan refinance calculator helps you estimate the potential savings and costs associated with refinancing your existing loan. Use it free here.
- [Auto loan calculator](https://swoopfunding.com/ca/business-loan-calculator/auto-loan-calculator/): Auto loan calculator Our auto loan calculator helps you estimate your monthly payments when financing a vehicle. Page written by...
- [Line of credit calculator](https://swoopfunding.com/ca/business-loan-calculator/line-of-credit-calculator/): Our line of credit calculator can be used to estimate your potential borrowing costs and payments for a line of credit. Use it for free here!
- [Business loans with a cosigner](https://swoopfunding.com/ca/business-loans/business-loans-with-cosigner/): Getting a small business loan with poor credit, lack of collateral, or for a risky type of business can be hard. Learn how a cosigner can help you here.
- [Same-day business loan](https://swoopfunding.com/ca/business-loans/same-day-business-loans/): Same-day business loans are streamlined to deliver funding within 24 hours of loan approval. Learn more, or apply for same day funding here.
- [No collateral business loans](https://swoopfunding.com/ca/business-loans/no-collateral-business-loans/): Lenders often require collateral when small businesses apply for a loan. But what do you do if you don’t have any collateral? Find out here and apply today.
- [Vending machine financing](https://swoopfunding.com/ca/business-loans/asset-finance/vending-machine-finance/): Modern vending machines can cost anywhere from $3,000 to $5,000 per unit depending on their features. Learn all about funding options available here.
- [Tractor trailer financing](https://swoopfunding.com/ca/business-loans/asset-finance/tractor-trailer-finance/): It doesn’t matter if you’re a small or large organization, it doesn't make sense to pay for expensive commercial vehicles with cash. Apply for finance today.
- [Tractor financing](https://swoopfunding.com/ca/business-loans/asset-finance/tractor-finance/): Tractor financing – also known as equipment financing – is a type of business loan used to support the purchase of tractors. Apply for finance today.
- [Forklift financing](https://swoopfunding.com/ca/business-loans/asset-finance/forklift-finance/): Forklifts are important equipment for all types of organization, but with prices ranging from $15,000 - $50,000, they don’t come cheap. Apply for finance today.
- [Business line of credit](https://swoopfunding.com/ca/business-loans/business-line-of-credit/): Ideal for businesses that want maximum financial flexibility, a business line of credit can give you all the funds you need when you need them. Learn more here.
- [Excavator financing](https://swoopfunding.com/ca/business-loans/asset-finance/excavator-finance/): Excavators can be some of the most useful heavy machinery you can get, but they come at a cost. Read our full guide on excavator financing here.
- [Inventory financing](https://swoopfunding.com/ca/sectors/inventory-financing/): Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get started.
- [Dump truck financing](https://swoopfunding.com/ca/business-loans/asset-finance/dump-truck-finance/): Dump trucks can cost from a few thousand dollars up to over $200,000, but as an all-purpose workhorse they’re pretty tough to beat. Get funding here.
- [Self-employed](https://swoopfunding.com/ca/sectors/self-employed/): There are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Learn all here.
- [Commercial fleet finance](https://swoopfunding.com/ca/business-loans/asset-finance/commercial-fleet-finance/): Buying new business vehicles like trucks, vans and bulldozers don’t come cheap. Fortunately, commercial fleet finance relieves the strain of these assets.
- [Convenience stores](https://swoopfunding.com/ca/sectors/convenience-stores/): Convenience store financing is funding to help start, buy, expand or operate a convenience store, available with minimum fuss. Read more here.
- [Cash flow calculator](https://swoopfunding.com/ca/business-loan-calculator/cash-flow-calculator/): Our cash flow calculator can be used to estimate the amount of money coming in and going out of a business over a specific period. Use it free here.
- [Food trucks](https://swoopfunding.com/ca/sectors/food-trucks/): Finding funding for your food truck is key to success. Read more to find out all about food truck finance and how it can keep your business going.
- [Purchase order financing](https://swoopfunding.com/ca/business-loans/purchase-order-financing/): Purchase order financing can give you the funds to complete all your orders even if your cash flow is overstretched. Apply with Swoop today.
- [Restaurant loans](https://swoopfunding.com/ca/sectors/restaurant-loans/): Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Read all about the available options and apply here.
- [Self-employed business loans](https://swoopfunding.com/ca/business-loans/self-employed-loans/): Self-employed business loans can provide a safety net for freelancers, sole traders and independent contractors. Learn more and apply here.
- [Car garage](https://swoopfunding.com/ca/sectors/car-garage/): Don’t put your purchase or expansion plans on hold because of cash flow issues. Use a car garage mortgage to fuel your growth. Read all about it here.
- [Payroll loans](https://swoopfunding.com/ca/business-loans/payroll-loans/): Payroll loans are designed to help you meet your wages bill when your cash flow is weak or seasonal. Read all about them here, or apply today.
- [Vineyard finance](https://swoopfunding.com/ca/sectors/vineyard-finance/): From commercial mortgages to working capital finance, vineyard loans are available to solve every grower’s need. Read all about the funding options here.
- [No credit check business loans](https://swoopfunding.com/ca/business-loans/no-credit-check-business-loans/): Securing a small business loan can be a challenge for many organisations, but for business owners with poor credit, it can be extremely tough. Apply here.
- [Brewery finance](https://swoopfunding.com/ca/sectors/brewery-finance/): From commercial mortgages to startup loans and much more, brewery loans are available to solve every brewer’s need. Learn more or apply here.
- [Seller financing](https://swoopfunding.com/ca/business-loans/seller-financing/): Seller financing can be a win/win for both buyers and sellers. Read on to learn more about this route to buying the business you’ve always wanted. Get started.
- [Cow & livestock finance](https://swoopfunding.com/ca/sectors/cow-livestock-finance/): Canadian cow and livestock finance is a loan that farmers can use to pay for the supplies they need to raise live animals, particularly beef and dairy herds.
- [Business loans for minorities](https://swoopfunding.com/ca/business-loans/business-loans-for-minorities/): If your business is 51% owned and operated by people of specific ethnicities, you qualify for a minority business loan. Learn more and apply here.
- [Guest house finance](https://swoopfunding.com/ca/sectors/guest-house-finance/): This funding can be used to refinance a guest house loan, renovate your building, buy/build a new guest house, or cover seasonal quiet spots. Read more.
- [Equipment appraisals](https://swoopfunding.com/ca/business-loans/asset-finance/equipment-appraisals/): Business equipment is more than just machinery. Here’s all you need to know about appraising its value, the process, and legal considerations. Read more.
- [Crop finance](https://swoopfunding.com/ca/sectors/crop-finance/): Crop finance are loans that farmers can use to pay for the important tools they need to farm their arable land. Find funding here and get started.
- [Large business loans](https://swoopfunding.com/ca/business-loans/large-business-loans/): Although large business loans often are difficult to secure, they can provide the financial heft to propel your organisation to the next level. Read more here.
- [Bus and coach finance](https://swoopfunding.com/ca/sectors/bus-and-coach-finance/): As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. Read more and apply here.
- [How to get an LLC loan](https://swoopfunding.com/ca/business-loans/llc-loans/how-to-get-an-llc-loan/): An LLC loan is a business loan for limited liability companies. Read all about the application process and loan requirements here, or get started with Swoop.
- [Business loans for bed and breakfasts](https://swoopfunding.com/ca/sectors/business-loans-for-bed-and-breakfasts/): B&B funding can be used to refinance a current loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, ad much more. Learn more.
- [Easy business loans](https://swoopfunding.com/ca/business-loans/easy-business-loans/): Faster, simpler, more flexible. Easy business loans are a perfect funding choice for small business owners who want a loan quickly. Read more here.
- [Hotel funding](https://swoopfunding.com/ca/sectors/hotel-funding/): Hotel owners seeking this type of financing may find themselves searching and making applications to lender after lender. Read how to improve chances here.
- [Cash flow loans](https://swoopfunding.com/ca/business-loans/cash-flow-loans/): Cash flow can make or break any business, and poor cash flow is the main reason many small businesses fail. Read more here and apply today.
- [Haulage finance and HGV loans](https://swoopfunding.com/ca/sectors/haulage-finance-and-hgv-loans/): Haulage and HGV loans are available to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank.
- [Asset finance](https://swoopfunding.com/ca/business-loans/asset-finance/): From Vancouver to Calgary, Toronto to Montreal, all the way to St. John’s, asset finance is a fast-growing choice for Canadian small and medium-sized businesses
- [Care home finance](https://swoopfunding.com/ca/sectors/care-home-finance/): Even in a period of rising interest rates, financing your care home acquisition or expansion can be the best decision. Read more on why to finance here.
- [Invoice factoring](https://swoopfunding.com/ca/business-loans/invoice-factoring/): Invoice factoring refers to selling unpaid invoices to a company that provides you with cash right away. Learn more about this cash flow boost and apply here.
- [Buy a care home](https://swoopfunding.com/ca/sectors/buy-a-care-home/): Buyers seeking a care home will typically fund the acquisition with a commercial mortgage. This is a loan used to buy, develop, or refinance a care home.
- [Invoice discounting](https://swoopfunding.com/ca/business-loans/invoice-discounting/): Invoice discounting means borrowing against unpaid invoices that are owed to you in order to receive your money quicker. Read more and apply today with Swoop.
- [Farm equipment financing](https://swoopfunding.com/ca/sectors/farm-equipment-financing/): In Canada we rely on farms to provide half the food we eat. To keep our shops full, farmers must squeeze maximum production from every acre that they manage.
- [Accounts receivable financing](https://swoopfunding.com/ca/business-loans/accounts-receivable-financing/): Accounts receivable financing means using your unpaid invoices as collateral to borrow money. Read more about this type of financing and apply here.
- [Nursery funding](https://swoopfunding.com/ca/sectors/nursery-funding/): Setting up a nursery can be financially rewarding for those who prepare thoroughly and follow a solid plan. Secure your funding with Swoop today.
- [Delayed draw term loan](https://swoopfunding.com/ca/business-loans/delayed-draw-term-loan/): Delayed draw-term loans provide access to a pool of funds as and when you need them, and you only pay interest on the borrowed funds you withdraw. Apply here.
- [Dental practice loans](https://swoopfunding.com/ca/sectors/dental-practice-loans/): Dental practices are dynamic businesses, selling products and services that are in high demand. With well established practices providing solid profit margins.
- [Amortization calculator](https://swoopfunding.com/ca/business-loan-calculator/amortization-calculator/): An amortization calculator is a financial tool designed to help businesses in understanding and planning the repayment of loans over time. Try ours today.
- [Agricultural mortgage](https://swoopfunding.com/ca/sectors/agricultural-mortgage/): Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry.
- [Agricultural loans](https://swoopfunding.com/ca/sectors/agricultural-loans/): Many farms are land rich and cash poor, with income that is volatile.as a result of seasonal patterns. Fortunately, there are loans available to support this.
- [Petrol station finance](https://swoopfunding.com/ca/sectors/petrol-station-finance/): Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Learn how to get funding to buy or expand your station here.
- [Pub finance](https://swoopfunding.com/ca/sectors/pub-finance/): Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Read more and apply today.
- [Shopify loans](https://swoopfunding.com/ca/sectors/shopify-loans/): Shopify loans provide financial support for Shopify member businesses with two short-term loan products: Shopify capital loans, & Shopify merchant cash advances
- [Construction loans and finance](https://swoopfunding.com/ca/sectors/construction-loans-and-finance/): Canadian construction finance for a new build or redevelopment of an existing property to sell for a profit, use for your own needs, or rent out for income.
- [Auction finance](https://swoopfunding.com/ca/sectors/auction-finance/): Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Read more.
---
## Business insurance
- [Business interruption insurance](https://swoopfunding.com/ca/business-insurance/business-interruption-insurance/): Business interruption insurance is business insurance that covers organisations for loss of income if they are unable to operate due to events beyond their control.
- [Why cyber insurance is your business's digital shield](https://swoopfunding.com/ca/business-insurance/cyber-insurance/why-do-i-need/): Data breaches, ransomware attacks, and phishing scams are just a few ways malicious actors can disrupt your operations. Learn how to prevent it here.
- [Cyber insurance](https://swoopfunding.com/ca/business-insurance/cyber-insurance/): Cyber insurance is a type of business insurance that provides support if your business experiences a cyber attack or security failure. Learn more here.
- [How much does employers' liability insurance cost?](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/cost-of-employers-liability/): Premiums for employers’ liability insurance can range from $170 to $250, but just as no two US businesses are alike, no two insurance needs are the same.
- [What is employers' liability insurance?](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/what-is-employers-liability-insurance/): Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees should they be injured or unwell. Read more here.
- [What is product liability insurance?](https://swoopfunding.com/ca/business-insurance/product-liability-insurance/what-is-product-liability/): Product liability insurance (PL) protects companies, partnerships, sole traders and the self-employed from financial loss. Read all about it & get a quote.
- [What is business insurance?](https://swoopfunding.com/ca/business-insurance/what-is-business-insurance/): Business insurance protects organisations against losses incurred in their normal business activities. Read more here, and get a quote today.
- [LLC loans](https://swoopfunding.com/ca/business-loans/llc-loans/): An LLC loan is a business loan for limited liability companies. Find out more about LLC loans, the application process, or apply today.
- [Do I need public liability insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/do-i-need-public-liability-insurance/): Public liability insurance is a good idea for almost every businesses, but it is key for those that interact with the general public or work for government.
- [Flexible finance](https://swoopfunding.com/ca/business-loans/flexible-finance/): Flexible financing can put businesses in better control of their money, giving them options if circumstances change. Learn more and apply here.
- [Opticians insurance](https://swoopfunding.com/ca/business-insurance/opticians-insurance/): As a health provider, supporting the vision of many customers every day, your optician’s business is vulnerable to a set of risks. Get your cover today.
- [Plumbers insurance](https://swoopfunding.com/ca/business-insurance/plumbers-insurance/): No matter if you’re working in a commercial, residential or public space, the work you do plumber puts your business at risk. Learn more here.
- [Commercial finance](https://swoopfunding.com/ca/business-loans/commercial-finance/): If you own or run a business you may have heard the term ‘commercial financing’. But what does it mean, how does it work and is it right for you? Read more.
- [Gardeners insurance](https://swoopfunding.com/ca/business-insurance/gardeners-insurance/): Gardeners’ insurance is a term for the policies you can buy to protect your gardening business from many types of risk. Get cover from $10 a month.
- [$100,000 or less business loan](https://swoopfunding.com/ca/business-loans/best-business-loans-100000-or-less/): If you are looking for a business loan up to $100,000 but aren't sure where to start, look no further. Read all about it and get started today.
- [Gas engineer insurance](https://swoopfunding.com/ca/business-insurance/gas-engineer-insurance/): Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged. Get cover today
- [Bicycle shop insurance](https://swoopfunding.com/ca/business-insurance/bicycle-shop-insurance/): Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. Get cover today.
- [Shop insurance](https://swoopfunding.com/ca/business-insurance/shop-insurance/): Shop insurance is a term for a range of business insurances that can give retailers protection against almost every type of event. read more & get a quote here.
- [Restaurant insurance](https://swoopfunding.com/ca/business-insurance/restaurant-insurance/): Restaurant insurance is a term for a range of business insurance policies that can protect food businesses from financial loss. Read more & get a quote today.
- [Public liability insurance for events](https://swoopfunding.com/ca/business-insurance/event-liability-insurance/): Public liability insurance for events can protect event organisers against claims from members of the public for injury, illness or damage. Learn more here.
- [Pub insurance](https://swoopfunding.com/ca/business-insurance/pub-insurance/): Pub insurance is a term for a range of business insurance that can provide protection against almost every type of negative event. Read more & get a quote here.
- [IT consultant insurance](https://swoopfunding.com/ca/business-insurance/it-consultant-insurance/): Insurance for IT contractors and consultants can protect professionals from financial claims for data leaks, systems malfunctions, & more. Get a quote here.
- [Gym insurance](https://swoopfunding.com/ca/business-insurance/gym-insurance/): The US is on a fitness boom and gyms and fitness businesses are busier than ever. Unfortunately, with this good news also comes some bad. Protect your gym here.
- [Food insurance](https://swoopfunding.com/ca/business-insurance/food-insurance/): No matter if you operate a restaurant, a food truck, a delivery service, or you manufacture foods, you will need food insurance. Get cover here.
- [Consultants insurance](https://swoopfunding.com/ca/business-insurance/consultants-insurance/): Business insurance for consultants protects your businesses from third-party compensation claims for injury, loss or damage. Get cover today.
- [Carpenters insurance](https://swoopfunding.com/ca/business-insurance/carpenters-insurance/): Many carpenters work in the construction industry where the potential for accidents, theft, and errors is high. Get your coverage here or talk to an expert.
- [Cafe insurance](https://swoopfunding.com/ca/business-insurance/cafe-insurance/): No matter if you run a café or a coffee shop, one thing is common: Accidents, mishaps, and errors can happen at any time. Get insured today.
- [Shareholder protection insurance](https://swoopfunding.com/ca/business-insurance/shareholder-protection-insurance/): Shareholder protection insurance provides shareholders with the funds to buy shares from each other if one of them are unable to work. Get a quote here.
- [Relevant life insurance](https://swoopfunding.com/ca/business-insurance/relevant-life-insurance/): Relevant life insurance policies are single life, stand-alone ‘death in service’ plans. Learn all about this type of insurance, or get started with Swoop today.
- [Group private medical insurance](https://swoopfunding.com/ca/business-insurance/group-private-medical-insurance/): Group private medical insurance is an employee benefit provided by businesses to their workers and is currently the top-rated perk in the US. Get a quote.
- [Group life insurance](https://swoopfunding.com/ca/business-insurance/group-life-insurance/): Group life insurance, also known as a ‘death in service benefit’, that employers offer to their workers whilst they work for the business. Get a quote today.
- [$1million business loans](https://swoopfunding.com/ca/business-loans/1-million-business-loan/): $1,000,000 business loans can be obtained from banks, credit unions, lending marketplaces & online lenders. Apply or find out more here
- [Group income protection insurance](https://swoopfunding.com/ca/business-insurance/group-income-protection-insurance/): Group income protection insurance enables employers to pay employees a percentage of their income if they are off work for a long time. Read more here.
- [Bad credit business loan](https://swoopfunding.com/ca/business-loans/bad-credit-business-loans/): Even if you have bad credit, or if you’ve been turned down elsewhere, it may still be possible to get the funding you need. Learn more & apply today.
---
## Blog
- [Business tax prep made easy: Your key to a smooth tax season](https://swoopfunding.com/ca/support-for-small-businesses/tax-prep-made-easy/): At Swoop, we understand the demands on your time and resources, and we're here to offer guidance to help you navigate the upcoming tax season with confidence.
- [Navigating tariffs: Smart growth strategies for North American SMBs](https://swoopfunding.com/ca/support-for-small-businesses/navigating-tariffs-smart-growth-strategies/): Tariffs might hike your cost of goods, but that doesn't mean your profits have to suffer. It's time to get focused on maximizing every dollar. Read how here.
- [Tariffs on pause: is your business ready for the possibility of price hikes?](https://swoopfunding.com/ca/blog/tariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes/): The threat of tariffs on imported goods has created huge uncertainty for everyone – with small and medium-sized businesses (SMBs) across North America bearing the brunt of it.
- [Should you borrow to grow your business? Swoop’s five-point checklist will help you decide](https://swoopfunding.com/ca/blog/should-you-borrow-to-grow-your-business/): Should you get a loan to grow your business? Swoop’s five-point checklist is designed to help you decide whether borrowing is the right choice for your business
- [Making the business case for your RSVP this holiday season](https://swoopfunding.com/ca/blog/networking-101): Events are a great way to make connections that will benefit your business - you just need to make sure you approach them properly
- [What's a good credit score and how can I improve it?](https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-credit-score/): Short answer: A ‘good’ credit score is anything 700 or above. But, of course, there’s so much more to it than that. Read more about improving your score here.
- [What documents do you need for your funding application? A business owner's guide](https://swoopfunding.com/ca/business-loans/what-documents-do-you-need/): Making applications is quicker and less hassle when the information you need is already at hand Your business needs funding,...
- [How could your business benefit from Canada’s Small Business Financing Program?](https://swoopfunding.com/ca/business-loans/canada-small-business-financing-program/how-could-your-business-benefit-from-csbfp/): Help for SMEs is available - and this government-backed scheme is a great place to start your funding journey. Find out more here, or get started with Swoop.
- [Open Banking – what is it and how does it work?](https://swoopfunding.com/ca/blog/open-banking/): Fast, efficient and more innovative than traditional financial systems, Open Banking puts the customer firmly in control. Learn more about how it works here.
- [How do small business loans work](https://swoopfunding.com/ca/business-loans/how-do-small-business-loans-work/): A business loan is a specific type of financing designed to meet the financial needs of a company. Read all about how it works here.
- [How long does it take to get a business loan](https://swoopfunding.com/ca/business-loans/how-long-does-it-take-to-get-a-business-loan/): A business loan can take anywhere from a day to several months to secure, depending on different factors. Read all about how it works with Swoop.
- [How to convert money factor to interest rates](https://swoopfunding.com/ca/support-for-small-businesses/how-to-convert-money-factor-to-interest-rates/): A money factor, also known as the lease factor, is the financing charge. Read all you need to know about it here.
- [Executive income protection insurance](https://swoopfunding.com/ca/business-insurance/executive-income-protection-insurance/): Executive income protection insurance protects directors & key employees – safeguarding their earnings and preventing financial setbacks. Learn more.
- [What's the difference between public liability and professional indemnity insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/difference-between-public-liability-and-professional-indemnity/): For many US SMEs, sole traders and the self-employed, having both public liability insurance and professional indemnity cover is essential. Read more here.
- [How much public liability insurance do I need?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/how-much-public-liability-insurance-do-i-need/): The amount of public liability insurance you need depends on the industry and the size of your business. Read more here and speak to our experts today.
- [What is public liability insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/what-is-public-liability-insurance/): Public liability insurance is good for almost all businesses, especially those that interact with the public and work for local councils or the government.
- [Public liability insurance](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/): Public Liability Insurance protects your organisation if someone is injured, or their property is damaged because your services. Read more & get a quote here.
- [Tradesman insurance](https://swoopfunding.com/ca/business-insurance/tradesman-insurance/): Tradesman insurance is a term for a range of business insurances that protect trade professionals. Learn all about it & get a quote here.
- [Warehouse insurance](https://swoopfunding.com/ca/business-insurance/warehouse-insurance/): Warehouse insurance is specialist business insurance that can cover personal injuries, accidental & malicious property damage & more. Read more here.
- [Tool insurance](https://swoopfunding.com/ca/business-insurance/tool-insurance/): Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery & equipment you take to jobs. Learn more here.
- [Construction company insurance](https://swoopfunding.com/ca/business-insurance/construction-company-insurance/): Construction insurance provides cover if someone makes a claim against you, or your business suffers loss, theft or damage to your property. Get a quote here.
- [Third party liability insurance](https://swoopfunding.com/ca/business-insurance/third-party-liability-insurance/): Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business. Learn more & get coverage here.
- [Trade credit insurance](https://swoopfunding.com/ca/business-insurance/trade-credit-insurance/): Trade credit insurance is designed to reduce the risk of non-payment by a company’s customers. Get in touch today & get your trade credit insurance quote.
- [Business contents insurance](https://swoopfunding.com/ca/business-insurance/business-contents-insurance/): Use business contents insurance to replace cash, and pay for new fixtures & fittings, equipment and stock if they’re damaged, lost, or stolen. Get a quote here.
- [Commercial van insurance](https://swoopfunding.com/ca/business-insurance/commercial-van-insurance/): Commercial van insurance is a type of business insurance that can cover your work vans and any personal contents you are carrying. Get your cheap quote here.
- [Occupiers' liability insurance](https://swoopfunding.com/ca/business-insurance/occupiers-liability-insurance/): Occupiers' liability insurance covers the occupier of a commercial premises against personal injury or property damage claims. Learn more & get a quote here.
- [Subcontractor insurance](https://swoopfunding.com/ca/business-insurance/subcontractor-insurance/): Subcontractors’ insurance can cover everything from a sprained ankle or a scraped vehicle, to a major fire or total loss. Read more and get a quote here.
- [Self employed insurance](https://swoopfunding.com/ca/business-insurance/self-employed-insurance/): Self-employed workers include contractors, freelancers, gig workers and sole traders - reducing the risk to your business. Read more and discuss your need here.
- [What is a personal guarantee?](https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-personal-guarantee/): A personal guarantee is an extra layer of security for lenders which binds assets to the business’s loan obligations. Read all about how it works here.
- [Professional indemnity insurance](https://swoopfunding.com/ca/business-insurance/professional-indemnity-insurance/): Professional indemnity insurance covers businesses and individuals that advise clients, provide them with vital information and more. Get a quote today.
- [How to price a product](https://swoopfunding.com/ca/support-for-small-businesses/how-to-price-a-product/): Product pricing is the process of setting a value for your product or service that your customers are willing to pay. Learn how to do it here.
- [Business equipment insurance](https://swoopfunding.com/ca/business-insurance/business-equipment-insurance/): Business equipment insurance protects you from financial loss in the event that vital tools or equipment are lost, damaged, or stolen. Read more here.
- [What is a good profit margin?](https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-profit-margin/): Profit margin is a significant metric that businesses use to measure the profitability of their products or services. Read all about it here.
- [Product liability insurance](https://swoopfunding.com/ca/business-insurance/product-liability-insurance/): Product liability insurance can protect your business should the products you provide create a problem for your customers. Read more & get a quote here.
- [How to find angel investors](https://swoopfunding.com/ca/equity-financing/how-to-find-angel-investors/): If you’re looking for investment in your business, whether you’re just starting out or planning to expand, an angel investor is one potential option to explore.
- [Hired in plant insurance](https://swoopfunding.com/ca/business-insurance/plant-machinery-insurance/): Hired-in plant insurance is an insurance that provides financial protection against the loss or damage of hired construction plant and equipment. Get cover.
- [How to build your business credit](https://swoopfunding.com/ca/support-for-small-businesses/how-to-build-your-business-credit/): Building a strong credit profile is a good choice for any small business aiming for sustainability and growth. Learn how to build it easily here.
- [Limited company insurance](https://swoopfunding.com/ca/business-insurance/limited-company-insurance/): Limited company insurance is a term for a range of insurances that can protect businesses from financial loss. Speak to an experts today & get a quote.
- [Why did my credit score drop?](https://swoopfunding.com/ca/support-for-small-businesses/why-did-my-credit-score-drop/): Let's unpack the reasons your credit score might drop and understand how it can be a game-changer when seeking funding. Read about it here.
- [Employers' liability insurance](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/): Employers' liability insurance protects you and your employees, should they be injured or become unwell as a result of working. Get a quote today.
- [How to calculate the cost of debt](https://swoopfunding.com/ca/blog/how-to-calculate-the-cost-of-debt/): The cost of debt refers to the overall cost that a company pays on borrowed money. Find out how to calculate the cost of debt, and the formula here.
- [Do I need business insurance?](https://swoopfunding.com/ca/business-insurance/is-business-insurance-a-legal-requirement/): Every organisations need business insurance, because risk is everywhere and problems usually arrive out of nowhere, giving you no time to prepare. Learn more.
- [Differences between a partnership and corporation](https://swoopfunding.com/ca/blog/differences-between-a-partnership-and-corporation/): When starting a small business, one of the most important legal and structural decisions you face is whether to start a partnership or corporation. Read more.
- [Invoice insurance](https://swoopfunding.com/ca/business-insurance/invoice-insurance/): The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out more and talk to an expert today.
- [At the end of the financial year: Are you ready for the year ahead?](https://swoopfunding.com/ca/blog/ready-for-the-year-ahead/): Whether last year was your best year, yet, or you are amazed to have survived, a large part of what happens in the future is in your hands. Read more here.
- [What is personal guarantee insurance?](https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/what-is-personal-guarantee-insurance/): Personal guarantee insurance is a form of insurance designed to protect business owners and directors who must provide a personal guarantee. Get cover here.
- [What is a DUNS number?](https://swoopfunding.com/ca/blog/what-is-a-duns-number/): A DUNS number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet. Learn all about it here.
- [What business insurance do I need?](https://swoopfunding.com/ca/business-insurance/what-insurance-do-i-need/): Available to all businesses and to cover almost any eventuality, business insurance is a valuable emergency lifeline, but what do you need? Learn it here.
- [Income statements: The full guide](https://swoopfunding.com/ca/blog/income-statements-explained/): An income statement is one of the three main financial reports for your business. Find out all you need to know about the income statements here.
- [Medical insurance](https://swoopfunding.com/ca/business-insurance/medical-insurance/): Small Business Health Insurance provides access to private healthcare services to keep employees fit & well, keeping the business running. Get a quote here.
- [What are assets, liabilities and equity?](https://swoopfunding.com/ca/blog/what-are-assets-liabilities-and-equity/): Assets, liabilities and equity are three elements of a company's balance sheet. Learn ut all you need to know about them here, alongside their uses.
- [Personal guarantee insurance](https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/): Almost every Canadian business will need to borrow money at some point. Fortunately, this is where personal guarantee insurance comes in. Read more here.
- [Funding fundamentals for first time founders](https://swoopfunding.com/ca/blog/funding-fundamentals-for-founders/): Your number one role as founder is to manage the cash. Whatever your company does, keeping the business solvent is your highest concern. Read more here.
- [Contractors insurance](https://swoopfunding.com/ca/business-insurance/contractors-insurance/): Available to all contractors and to cover almost any eventuality, comprehensive contractor insurance is a key emergency lifeline. Get a quote today.
- [How to get a startup loan](https://swoopfunding.com/ca/business-loans/how-to-get-a-startup-loan/): Startup loans are a great way for a business to launch with a bang: they are offered at a competitive rate and often come with professional advice. Apply today.
- [Key person insurance](https://swoopfunding.com/ca/business-insurance/key-person-insurance/): Key person insurance is an insurance that protects organisations from the financial impact of the loss of a key individual. Read more and get a quote here.
- [Resolutions for 2024: Don’t do more - do what you do better](https://swoopfunding.com/ca/blog/resolutions-for-2024/): Instead of giving you a list of things to feel guilty about, we’ve put together a list of habits that will help your business grow. Read more here.
- [Commercial property insurance](https://swoopfunding.com/ca/business-insurance/commercial-property-insurance/): Commercial properties are typically the biggest assets any business has, cover yours was comprehensive commercial property insurance to protect this here.
---
## Our partners
- [Dunbridge Financial](https://swoopfunding.com/ca/our-partners/dunbridge-financial/): ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach.
- [SRED Unlimited](https://swoopfunding.com/ca/our-partners/sred-unlimited/): SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively...
- [SRED Unlimited](https://swoopfunding.com/ca/our-partners/sred-unlimited/): SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively...
- [Braithwaite](https://swoopfunding.com/ca/our-partners/braithwaite/): Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the...
- [Braithwaite](https://swoopfunding.com/ca/our-partners/braithwaite/): Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the...
- [Goodlawyer](https://swoopfunding.com/ca/our-partners/goodlawyer/): Goodlawyer Who are Goodlawyer? Goodlawyer is a marketplace for founders who need specialized legal services at a price they can...
---
## Start a business
- [How to choose your title as a business owner](https://swoopfunding.com/ca/start-a-business/how-to-choose-your-title-as-a-business-owner/): Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you?
- [How to start a retail business](https://swoopfunding.com/ca/start-a-business/how-to-start-a-retail-business/): Starting a retail business can be an exciting venture. With good planning and execution, you can find success and meet your target market's needs. Read more.
- [Open a pizza shop](https://swoopfunding.com/ca/start-a-business/open-a-pizza-shop/): Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. Learn more and get started.
- [Graphic design business](https://swoopfunding.com/ca/start-a-business/graphic-design-business/): Setting up your own graphic design business can be an exciting prospect. Here’s everything you need to know about how to start a graphic design business.
- [Start a bakery](https://swoopfunding.com/ca/start-a-business/start-a-bakery/): How can you get the bakery you’ve always wanted to own? Read on to discover all you need to know about starting a bakery business and get started.
- [Open a liquor store](https://swoopfunding.com/ca/start-a-business/open-a-liquor-store/): Suppose your dream is to own a liquor store. Read how do you get there, what hurdles must you cross and most importantly, what will it cost? Get started.
- [Start a brewery](https://swoopfunding.com/ca/start-a-business/start-a-brewery/): With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing each year. Read more and apply here.
- [Restaurant](https://swoopfunding.com/ca/start-a-business/restaurant/): If you're looking to open a restaurant, look no further. Here’s a rundown of the key things you need to know before you take the plunge & become a restauranteur
- [How to get a loan to start a business](https://swoopfunding.com/ca/start-a-business/how-to-get-a-loan-to-start-a-business/): So how does a startup loan work and what do you need to do to get one? Read more here and find out all there's to know about getting a loan to start a business.
- [Laundromat business](https://swoopfunding.com/ca/start-a-business/laundromat-business/): Normally, it'll cost $200,000 to $500,000 to launch a mid-size laundromat. Learn all about the costs, or apply for finance with Swoop here.
- [Vending machine business](https://swoopfunding.com/ca/start-a-business/vending-machine-business/): Vending machines are the stores that never close. Read all there's to know about starting a vending machine business and your finance options here. Get started.
- [How to start a small business](https://swoopfunding.com/ca/start-a-business/how-to-start-a-small-business/): Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider to get your business off the ground. find out more here.
- [Transport business](https://swoopfunding.com/ca/start-a-business/transport-business/): If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take.
- [Nursery business](https://swoopfunding.com/ca/start-a-business/nursery-business/): Do you have a background in childcare and fancy running your own nursery? This guide will explain everything you need to know about starting a nursery business.
- [Moving and removal business](https://swoopfunding.com/ca/start-a-business/moving-and-removal-business/): If you fancy running your own business and you prefer being physically active to sitting at a desk, setting up a removal firm could be right up your street.
- [Makeup business](https://swoopfunding.com/ca/start-a-business/makeup-business/): Starting your own makeup business means you’ll be able to start your own brand. Also, it gives you the freedom to set your own prices & sell in-store or online.
- [Farming business](https://swoopfunding.com/ca/start-a-business/farming-business/): Is it your dream to run your own farm? This guide takes you through the necessary steps to help you understand how to start and finance a farm.
- [Gym business](https://swoopfunding.com/ca/start-a-business/gym/): If you’re a fitness professional and fancy running your own gym, it’s important to understand what’s involved, the costs, and how you’ll finance it.
- [Consulting business](https://swoopfunding.com/ca/start-a-business/consulting-business/): Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. Find out here.
- [Landscaping business](https://swoopfunding.com/ca/start-a-business/landscaping-business/): If you enjoy working outside and want to be your own boss, setting up a landscape business could be an option to explore. Read more here.
---
#
# Detailed Content
## Pages
### Credit scores
- Published: 2025-04-29
- Modified: 2025-05-15
- URL: https://swoopfunding.com/ca/credit-builder/
Build your credit & unlock more funding options Better credit helps you borrow more and at better rates. Quickly build your credit score to improve your business's financial health, all without the need for a credit card. Get started Why does my credit score matter for business funding? Your credit score plays a key role in not only your chances of securing funding for your business, but also impacts the cost of funding. Better credit means better rates, better loan terms, and more funding choices! See the difference for yourself: Credit Scores 579 740 Interest Rate 47% 15% Total Interest $4,086. 77 $1,246. 50 Savings - $2,840. 27 Get started Need help improving your credit? We've got you covered No credit check required Small, manageable payments Reports directly to credit bureaus to help boost your score Get started How it works Sign up in a few minutes Your payments get reported with the credit bureaus Your credit score improves, helping you qualify for better funding Get started FAQs What is a credit score? Credit scores provide a snapshot out of 100 of the financial health and creditworthiness of an individual or organisation, calculated by measuring payment and default history, levels of debt, legal problems and more. Banks, major suppliers, and lenders will check your credit score to understand your financial position of the level of risk; better credit scores usually lead to lower interest rates and increased lending options. What impacts my credit score? Your credit score is impacted by...
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### Overdraft calculator
> Our business overdraft calculator can help you estimate the costs associated with using an overdraft facility for your business. Use it free here.
- Published: 2025-04-02
- Modified: 2025-05-15
- URL: https://swoopfunding.com/ca/business-loan-calculator/overdraft-calculator/
Overdraft calculator Our business overdraft calculator can help you estimate the costs associated with using an overdraft facility for your business. It typically considers factors such as the overdraft amount, interest rate, and the duration of use. I want to borrow £ . 00 Term 31 days Interest rate 34 % This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Total cost of your overdraft £0 Get a quote What is a business overdraft? A business overdraft facility is a flexible borrowing arrangement that allows a business to withdraw more money than is available in its bank account, up to a pre-approved limit. It is a form of short-term credit designed to help businesses manage cash flow, cover unexpected expenses, or bridge gaps between income and expenses. Key Features:Pre-agreed Limit: The bank sets a maximum amount the business can overdraw. Interest Charges: Interest is typically charged only on the amount overdrawn, not the full limit. Fees: Some banks charge arrangement or renewal fees for maintaining the overdraft. Repayment Flexibility: Funds can be repaid at any time, reducing interest costs. All calculators ADR calculator APY calculator Acid test ratio calculator Amortisation calculator Asset finance calculator Basis point calculator Break even calculator Business loan calculator Business rate calculator Business savings calculator Business valuation calculator Car finance calculator Car finance settlement calculator Cash flow calculator Commercial mortgage calculator Commercial stamp duty calculator Compound annual growth rate calculator...
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### Business loan for marketing
> A business marketing loan is a type of financing designed to help businesses fund advertising, branding, and promotional activities to attract customers.
- Published: 2025-03-13
- Modified: 2025-03-13
- URL: https://swoopfunding.com/ca/business-loans/marketing-loans/
Business loans for marketing Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products & services. Swoop may receive a commission, which may vary by product but typically in the form of a fixed percentage of the loan amount. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on March 13, 2025. Next review due April 1, 2026. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. The old saw that says advertising pays still rings true. Getting your business name out there, building awareness for your products and services and creating a brand identity that draws in your customers are essential actions to succeed. However, marketing activities can be expensive and for businesses without deep pockets, using valuable working capital to fund an ad campaign or promotion can be...
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### What does working capital requirement measure?
> Your working capital requirement (WCR) measures how much short-term funding your business needs to operate on a daily basis. Read more or apply for funding here
- Published: 2025-02-05
- Modified: 2025-02-20
- URL: https://swoopfunding.com/ca/business-loans/working-capital-loans/what-does-wcr-measure/
What does working capital requirement measure? Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on February 5, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. Short answer: Your working capital requirement (WCR) measures how much short-term funding your business needs to operate on a daily basis. It provides a snapshot of whether you have enough current assets (like cash and receivables) to cover current liabilities (like payables and expenses). But, of course, there’s more to it than just a simple calculation. A clear understanding of your WCR can help you anticipate cash flow gaps, manage operational costs, and plan for sustainable growth. Keep reading to unpack the details on what WCR is, how to calculate it, and why it’s a big part of efficiency in your business. Add a header to begin generating the table of contents What is a working capital requirement (WCR)? Working capital requirement (WCR) is the amount of money a business needs to afford its day-to-day operations. It shows the difference between the current assets and current liabilities that are tied to operational activities, such as managing inventory, collecting payments, and paying suppliers. Think of it this way. If in theory you got all of your household income at the beginning of...
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### Bad credit working capital loans
> it’s still possible to get a working capital loan with bad credit, but you may have to put in more effort and be flexible on the terms. Read how, or apply here.
- Published: 2025-02-04
- Modified: 2025-02-19
- URL: https://swoopfunding.com/ca/business-loans/working-capital-loans/bad-credit-working-capital/
Bad credit working capital loans Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products & services. Swoop may receive a commission, which may vary by product but typically in the form of a fixed percentage of the loan amount. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on February 4, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. It’s hard enough securing funding when you have amazing credit. Having a low credit score can make financing a challenge, especially for small businesses. However, it doesn’t have to stop you from getting the working capital you need to keep your business running smoothly. Whether you’re looking to cover day-to-day expenses or fund growth opportunities, there are financing options available, even if your credit isn’t perfect. Let’s break down what bad credit means, your options for getting a working capital loan, and how Swoop can help. Add a header to begin generating the table of contents What is considered ‘bad credit’? Anything below 600 could...
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### Material handling equipment financing
> Material handling equipment is designed to move all kind of goods and materials from A to B, but this comes at a cost. Find out more, or sign up with Swoop today.
- Published: 2024-10-08
- Modified: 2024-12-11
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/material-handling-equipment-finance/
Material handling equipment finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 8, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Factories, warehouses, airports, seaports, logistics centers and more - in many types of location you’ll see specialised machinery keeping business humming. Material handling equipment is designed to move all kind of goods and materials from A to B, but for smart business owners, these expensive machines all have one thing in common: The best way to buy them is with an equipment lease or loan. Add a header to begin generating the table of contents What is material handling equipment finance? Material handling equipment finance is a form of equipment...
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### Crane equipment finance
> Crane finance is a specialized form of equipment financing, spreading the cost of expensive machinery over time. Read more or apply for crane finance here.
- Published: 2024-10-08
- Modified: 2024-12-10
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/crane-finance/
Crane finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents You see them on construction sites, in factories, on farms and at the port. High, low, mobile or fixed, industrial cranes are everywhere and anywhere – providing major muscle when big things are on the move. Without a doubt, many industries and businesses could not function without these huge machines. But with price tags often in the $millions, buying them out of working capital can often be impossible – which is why savvy business owners use crane finance to take the strain. Add a header to begin generating the table of contents What is crane finance? Crane finance is a specialized form of equipment financing, Designed for businesses in the construction, manufacturing, agriculture, marine, logistics and other heavy equipment industries, this type of financing allows companies to acquire cranes and related machinery without making a major dent in cash reserves. By spreading the cost of expensive machinery over time, crane finance helps businesses preserve working capital and better manage their cash flow while ensuring access to essential equipment. What types of finance are available for cranes? Just as there are many types of crane, so there are many...
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### Supercar finance
> They go fast, they look great and they cost far more than your typical daily driver. Read more about supercar finance, or arrange your exotic car finance here.
- Published: 2024-10-04
- Modified: 2024-12-11
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/supercar-finance/
Supercar finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. They go fast, they look great and they cost far more than your typical daily driver. Supercars are in a different league when it comes to automobiles. But how do you buy one without spending piles of cash? Read on to find out more about supercar financing and what you need to qualify. Add a header to begin generating the table of contents What cars are classed as supercars? Supercars, exotic cars, and hypercars, are all part of an elite class of automobile that pushes the boundaries of luxury, performance, rarity, styling...
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### Invoice factoring vs. invoice discounting: What's the difference?
> When businesses need to improve cash flow, two common solutions are invoice factoring and invoice discounting, but which is right for you? Find out here.
- Published: 2024-10-03
- Modified: 2025-05-02
- URL: https://swoopfunding.com/ca/business-loans/invoice-factoring/factoring-vs-discounting/
Invoice factoring vs. invoice discounting: What's the difference? Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on May 2, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. When businesses need to improve cash flow, two common solutions are invoice factoring and invoice discounting. While both options allow companies to access the funds tied up in unpaid invoices, they operate in distinct ways. This guide will explain the difference between factoring and discounting, helping you decide which option best suits your business needs. Add a header to begin generating the table of contents What is invoice factoring? Invoice factoring involves selling your unpaid invoices to a third-party company (called a factor) at a discounted rate. In exchange, the factor provides your business with a significant portion of the invoice's value upfront, typically 70-90%. The factor then assumes responsibility for collecting payment from your customers. Once the customer pays the invoice, the factor will give you the remaining balance minus their fees. Invoice factoring is ideal for businesses that need quick access to cash and want to offload the burden of managing collections. However, since the factor interacts directly with your customers, it can impact customer relationships if you’re not careful. What is invoice discounting? Invoice discounting, on...
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### Car finance settlement calculator
- Published: 2024-09-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/car-finance-settlement-calculator/
Car finance settlement calculator Our free car finance settlement calculator can help you estimate your final outstanding payment to clear your outstanding finance. Original loan amount $ . 00 Length of agreement 36 months Monthly payments $ . 00 Final repayment $ . 00 Number of payments made 6 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Total payments so far $0 Outstanding amount (settlement) $0 Annual percentage rate (APR) 0% Get a quote How to calculate car finance settlement This amount includes the remaining balance, interest, and any early settlement fees. Here's a general formula to calculate the settlement amount manually:Outstanding balance: Start with the total amount still owed on the loan. Early repayment interest: This can vary based on the lender but is often a portion of the remaining interest on the loan. Early settlement fee: Some lenders may charge a fee for early repayment. The calculation would look like the below:Settlement Amount = Outstanding Balance + Interest Adjustment + Early Settlement Fee All calculators ADR calculator APY calculator Acid test ratio calculator Amortization calculator Asset finance calculator Auto loan calculator Basis point calculator Break even calculator Business loan calculator Business valuation calculator CEBA loan forgiveness calculator Car finance calculator Car finance settlement calculator Cash flow calculator Commercial mortgage calculator Compound annual growth rate calculator Compound interest calculator Cost of equity calculator Currency converter Debt service coverage ratio calculator Depreciation calculator...
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### Car finance calculator
- Published: 2024-09-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/car-finance-calculator/
Car finance calculator Our free car finance calculator can help you estimate your monthly repayments when taking out finance. Repayments Total borrow Amount borrowed $ . 00 Loan term 5 years Annual percentage rate 10% How much can you repay each month? $ . 00 Loan term 5 years Annual percentage rate 10% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Monthly repayments $0 Interest payments $0 Total amount $0 Amount you could borrow $0 Interest payments $0 Total amount $0 Get a quote How to calculate car finance payments To calculate your monthly asset finance costs, you'll need the following:Car Price: The total price of the vehicle. Deposit: The amount you're putting down upfront. Loan Term: The number of months or years over which you plan to repay the loan. Interest Rate: The percentage the lender charges on the loan. Final Balloon Payment (Optional): A large payment at the end of some car finance agreements (like PCP). All calculators ADR calculator APY calculator Acid test ratio calculator Amortization calculator Asset finance calculator Auto loan calculator Basis point calculator Break even calculator Business loan calculator Business valuation calculator CEBA loan forgiveness calculator Car finance calculator Cash flow calculator Commercial mortgage calculator Compound annual growth rate calculator Compound interest calculator Cost of equity calculator Currency converter Debt service coverage ratio calculator Depreciation calculator (straight-line method) Development finance calculator EBITDA calculator Franchise loan calculator Inflation...
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### Visiting Angels
> Visiting Angels specializes in care services to clients in the comfort of their own home. They claim to be the #1 provider. Read more here and get started.
- Published: 2024-06-17
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/visiting-angels/
Visiting Angels franchise Hassle-free business loans to start your Visiting Angels franchise. Get started Visiting Angels specializes in the delivery of care services to clients in the comfort of their own home. They claim to be the #1 ranked provider in senior care industry. Visiting Angels business details Visiting Angels were founded in 1991 and are based in Bryn Mawr, Pennsylvania. They have offered franchise opportunities since 1998. The company provides non-medical professional care services to adult clients, with caregivers working in their clients’ homes. As well as Canada, Visiting Angels operate in Mexico, South Korea and the UK. They currently support over 15,000 clients and employ almost 16,000 caregivers worldwide. Visiting Angels at a glance:Stores worldwide: More than 800Required Investor net worth: $110,000Required investor liquid cash: $110,000Min. investment: $125,000Max. investment: $171,000Standard franchise term: 10 years Can I start a Visiting Angels franchise? Starting a Visiting Angels franchise must be one of the easier business opportunities to get into. You’ll need a minimum net worth and liquid cash requirements of $110k each and you must rent or purchase a commercial location as your administration hub. But after that, there are few hurdles left to climb. Visiting Angels do not ask that franchisees have previous experience in the care industry, and you do not need a medical license to operate a care company (although that obviously would be an advantage). Franchise owners are also not required to participate in the daily running of the office. You can hire a manager to...
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- [Debtor days: All you need to know](https://swoopfunding.com/ca/blog/debtor-days/): Cash flow is one of the indicators that a business is doing well. Pay attention to debtors day to make sure your company is healthy. Learn more here.
### Pizza Hut
> Pizza Hut is a big player in the growing pizza industry it operates in more than 100 countries. Learn all about its franchise options with Swoop.
- Published: 2024-06-17
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/pizza-hut/
Pizza Hut franchise Hassle-free business loans to start your Pizza Hut franchise. Get started Second only to Domino’s, Pizza Hut is a major player in the globe’s growing pizza industry. The company operates in more than 100 countries. Pizza Hut business details Pizza Hut began life as a single restaurant in Wichita, Kansas in 1958. More than 65 years later, the company has corporate headquarters in Plano Texas, over 580 stores in Canada and more than 19,000 outlets worldwide. Pizza Hut have offered franchise opportunities since 1959 and are a wholly owned subsidiary of global conglomerate, Yum Brands. Pizza Hut at a glance:Canadian stores: More than 580Required Investor net worth: $700,000Required investor liquid cash: $350,000Min. investment: $412,000Max. investment: $2,053,000Standard franchise term: 10 years Can I start a Pizza Hut franchise? Like all the major fast-food brands, getting into a Pizza Hut franchise can be expensive. You’ll also need a minimum net worth of $700k and liquid cash of $350k or more. As well as the steep financial requirements, the company prefers franchisees who have solid experience in the hospitality industry and, ideally, have previously worked in a managerial or supervisory capacity in a Pizza Hut store. They also like their franchisees to take an active role in the daily running of the restaurant. This franchise may not be suitable for passive investment. How much does a Pizza Hut franchise cost? Pizza Hut set-up costs vary from a modest $412,000 to an eye-watering $2,053,000 depending on the location, size and type...
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- [Three strategies to hiring the A-team your startup deserves](https://swoopfunding.com/ca/blog/hiring-an-a-team/): Putting together a team could make a big difference when it comes to getting funding. What should you consider when finding your own A-team? Read more here.
### Jan-Pro
> Jan-Pro are a franchised cleaning and janitorial services organization, and worth $96 billion per year. Read all about the franchise here.
- Published: 2024-06-13
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/jan-pro/
Jan-Pro franchise Hassle-free business loans to start your Jan-Pro franchise. Get started Jan-Pro are a franchised cleaning and janitorial services organization. They claim to be North America’s #1 commercial cleaning business. Jan-Pro business details Jan-Pro was founded in 1991 and they have offered franchise opportunities since 1992. They are headquartered in Alpharetta, Georgia. The company primarily provides cleaning and disinfecting services to institutional, industrial and other commercial customers. Jan-Pro at a glance:Stores: 12,000 worldwideRequired Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $4,900Max. investment: $78,100Standard franchise term: 10 years Can I start a Jan-Pro franchise? With a minimum investment of less than $5k, no liquid cash or net worth requirements and no need for previous commercial experience, a Jan-Pro franchise must be one of the easiest businesses to get up and running. Many Jan-Pro franchisees operate as small, family or even single-person operations, (although you can buy a Regional Developer/Master Franchisee and have many single-unit operators under your wing and paying you each month). Jan-Pro says you can run this business and still keep your day job, so it could work well as a semi-passive investment or as a side hustle to bring in extra income. How much does a Jan-Pro franchise cost? Certainly one of the more affordable business opportunities, the set-up costs for a single Jan-Pro franchise range from $4,900 up to $78,100 depending on the size of your operating territory. This cost ranks as very low. The franchise fee ranges from $2,520 up to...
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- [Are you one of the businesses threatened with closure because you cannot access funding?](https://swoopfunding.com/ca/blog/is-your-businesses-threatened-with-closure/): One in ten businesses is said to fail because of funding issues. At Swoop, we’re doing what we can to turn this trend around. Learn all about it here.
### Fastsigns
> Fastsigns produce custom signs and marketing materials for businesses in Canada and seven other countries. Read all about it here and get started.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/fastsigns/
Fastsigns franchise Hassle-free business loans to start your Fastsigns franchise. Get started Fastsigns produce custom signs and marketing materials for businesses in Canada and seven other countries. They claim to be the leaders in a market worth $29 billion per year. Fastsigns business details Fastsigns were launched in 1985 and they have offered franchise opportunities since 1986. They are headquartered in Carrollton, Texas. The company designs, produces, installs and maintains all types of sign as well as producing other graphic and marketing materials and further complementary products. The organization has more than 765 outlets across the globe, including the US, the UK, Chile, Grand Cayman, Puerto Rico and more. Fastsigns at a glance:Stores: More than 765Required Investor net worth: $300,000Required investor liquid cash: $80,000Min. investment: $240,000Max. investment: $310,000Standard franchise term: 10 years Can I start a Fastsigns franchise? With reasonable liquid cash and net worth requirements and affordable set-up costs, starting a Fastsigns franchise may be possible for many entrepreneurs. Fastsigns do not require previous experience in the signage industry, although having owned or managed a business before would clearly be an advantage. The company mandates that either the franchisee or their designated manager is on site to oversee the daily running of the store and to liaise with business customers. After the initial set-up period, you could operate this franchise as a passive investment. How much does a Fastsigns franchise cost? Set-up costs for a Fastsigns franchise range from $240,000 to $310,000 depending on the size of your store...
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- [How to promote your business](https://swoopfunding.com/ca/blog/how-to-promote-your-business/): Promoting your business is important to ensuring customers know what your business offers. Read our full guide on how to promote your business here.
### Domino's
> In the highly competitive world of pizza retailing, Domino’s are the big boys on the block. Learn all about this type of franchise here.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/dominos/
Domino's franchise Hassle-free business loans to start your Domino's franchise. Get started In the highly competitive world of pizza retailing, Domino’s are the big boys on the block. In both sales and store numbers they are #1, well ahead of rivals such as Pizza Hut. Domino's business details Domino’s began life in 1960 in Ypsilanti, Michigan as a single pizza restaurant. Today, the company is headquartered in Ann Arbor, Michigan and operates in over 90 other countries. With more than 20,000 outlets globally, Domino’s are by far the largest pizza company in the world. They have offered franchise opportunities since 1967. Domino's at a glance:Canadian stores: More than 340Required Investor net worth: $250,000Required investor liquid cash: $80,000Min. investment: $260,000Max. investment: $350,000Standard franchise term: 10 years Can I start a Domino's franchise? You can get into a Domino’s pizza franchise for relatively low dollars and the minimum $80k liquid cash and $250k net worth requirements should not be an issue for many investors. However, you face a major roadblock if you have never worked for this company. Domino’s currently only offer new franchise licenses to entrepreneurs who have a minimum of one years’ experience working at a Domino’s store in a general manager or supervisor capacity. In other words, you need to be in this club to join this club, making it very difficult for outsiders to gain entry. Domino’s also expect franchisees to play a major role in the daily running and success of the store. This opportunity is not...
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- [Nurturing your mental health: 9 ways to manage mental health as a business owner](https://swoopfunding.com/ca/blog/mental-health-as-a-business-owner/): Running a business can be rewarding, but it also comes with a lot of challenges that can take a toll on you. Read how to manage your mental health here.
### Comfort Keepers
> Comfort Keepers are an international care provider and a wholly owned subsidiary of global food and services conglomerate. Read all about the franchise here.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/comfort-keepers/
Comfort Keepers franchise Hassle-free business loans to start your Comfort Keepers franchise. Get started Comfort Keepers are an international care provider and a wholly owned subsidiary of global food and services conglomerate, Sodexo. The company specializes in the delivery of care services to clients and patients in the comfort of their own home. Comfort Keepers have more than 700 offices worldwide and operate in 10 countries including the UK, the US, Australia, Norway and Singapore. Comfort Keepers business details Launched in 1998 and headquartered in Irvine, California, Comfort Keepers have offered franchise opportunities since 1999. The organization delivers in-home care for the elderly and other adults who need assistance in daily living, including homemaker/companionship care, personal care, and with personal technology services and equipment. Some Comfort Keepers franchises also provide trained nurses to deliver more attentive services, including respite care, senior health and wellbeing care and other private nursing duties. Comfort Keepers at a glance:Stores: More than 700Required Investor net worth: $300,000Required investor liquid cash: $100,000Min. investment: $105,000Max. investment: $176,000Standard franchise term: 10 years Can I start a Comfort Keepers franchise? You can start a Comfort Keepers franchise for fairly low dollars and the liquid cash and net worth requirements should be well within the reach of many entrepreneurs at $100k and $300k, respectively. Comfort Keepers do not mandate that new franchise owners have previous care-provider experience or possess any medical credentials, although either of these attributes would be an added advantage. Franchisees must employ a minimum of two staff...
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### CertaPro
> CertaPro Painters is a painting and decorating business, providing building improvement services to residential & commercial customers. Learn more.
- Published: 2024-06-13
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/certapro/
CertaPro Painters franchise Hassle-free business loans to start your CertaPro franchise. Get started CertaPro Painters are an international painting and decorating business. Via their network of franchised contractors they provide building improvement services to residential and commercial customers. The company claims a 2% share of a US and Canadian painting market that’s worth $60 billion per year. CertaPro Painters business details Founded in Canada in 1992 and with headquarters in Audubon, Pennsylvania, CertaPro have offered franchise opportunities since inception. With a core focus on providing painting services to residential and commercial customers, CertaPro also provide other home and business improvement services – including drywall repairs, brick painting, concrete staining, light carpentry and stucco repairs. The company claims to be the largest residential and commercial painting company in North America, with more than 450 franchise locations across the US and Canada. CertaPro Painters at a glance:Stores: Approximately 450Required Investor net worth: $250,000Required investor liquid cash: $85,000Min. investment: $155,000Max. investment: $302,000Standard franchise term: 10 years Can I start a CertaPro Painters franchise? You’ll need $85k in liquid cash and a net worth of a quarter of a million dollars. You’ll also face a hefty franchise fee and marketing and other admin costs. Other than that, CertaPro say you do not need previous experience in the painting and decorating industry, although a history of running your own business would be helpful. CertaPro expect franchisees to operate their business using self-employed contract labor. You can also appoint a designated manager to oversee daily operations....
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### Cinnabon
> Cinnabon operate quick-service bakeries that sell their world famous fresh-baked cinnamon rolls. Read all about the franchise here, or apply for funding.
- Published: 2024-06-13
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/cinnabon/
Cinnabon franchise Hassle-free business loans to start your Cinnabon franchise. Get started Cinnabon operate quick-service bakeries that sell their world famous fresh-baked cinnamon rolls, plus a range of other cakes and pastries and beverages. Cinnabon business details Launched in Seattle, Washington in 1985, Cinnabon are now headquartered in Atlanta, Georgia. They have offered franchise opportunities since 1986. Cinnabon claims to be the world’s largest seller of cinnamon flavored pastries. They rank #49 in the list of world’s biggest fast food retailers, behind other global bakeries. At the end of 2023 the company had 22 outlets across Canada. They operate in 57 countries worldwide. Cinnabon at a glance:Canadian stores: 22Required Investor net worth: $400,000Required investor liquid cash: $120,000Min. investment: $255,000 (full bakery)Max. investment: $657,000 (full bakery)Standard franchise term: 20 years Can I start a Cinnabon franchise? You’ll need a minimum net worth of $400k, liquid cash of $120k and be prepared to spend close to $700k to get a full Cinnabon bakery off the ground. (Although you may start a simpler Express Cinnabon location for as little as $60,000). The company prefers franchisees who have previous experience in running a business or hospitality and they say they’re seeking franchise-owners who are ‘people orientated’, (which means you genuinely care about your customers and your team). Although franchisees are not required to manage the daily operations of their store, Cinnabon does not recommend this opportunity for candidates seeking a remote investment. How much does a Cinnabon franchise cost? Cinnabon offer six types of...
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### Currency converter
> Our free currency converter can help you stay on top of exchange rates, whether you're planning a vacation, making an online purchase, or conducting business.
- Published: 2024-06-12
- Modified: 2024-07-11
- URL: https://swoopfunding.com/ca/business-loan-calculator/currency-converter/
Currency converter Our free currency converter is here to help you stay on top of exchange rates, whether you're planning a vacation, making an online purchase, or conducting global business. Page written by Ian Hawkins. Last reviewed on July 11, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Origin currency Destination currency Amount to convert $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Converted amount $ 0 Get a quote Key terms Here’s a handy list of key terms you should know about foreign currency exchange:Exchange rate: The value of one currency expressed in terms of another. For instance, how many...
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### Transworld Business Advisors
> Transworld Business Advisors are a consulting organization. They help small business owners to grow, buy or sell their businesses. Get started today.
- Published: 2024-05-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/transworld-business-advisors/
Transworld Business Advisors franchise Hassle-free business loans to start your Transworld Business Advisors franchise. Get started Transworld Business Advisors are a franchised consulting organization. They help small business owners to grow, buy or sell their businesses. Transworld claims to have sold more than 10,000 businesses since 1979 and have over 500 brokers and more than 200 offices worldwide. Transworld Business Advisors business details Launched in 1979 and headquartered in West Palm Beach, Florida, Transworld Business Advisors have offered franchise opportunities since 2010. The company specializes in the brokerage of small and medium sized businesses, acting as advisors to help business owners get the most from the businesses they own. They are largest organization of this type in Canada, and they claim to be the #1 franchise in the sector according to Entrepreneur magazine. Transworld Business Advisors at a glance:Worldwide stores: Approximately 500Required Investor net worth: not statedRequired investor liquid cash: $100,000Min. investment: $97,000Max. investment: $122,000Standard franchise term: 35 years Can I start a Transworld Business Advisors franchise? With only $100,000 in cash and no minimum net worth required, plus a highly affordable cost of entry, getting into a Transworld agency is not difficult. However, there is one consideration that may be a barrier for some potential franchisees; although Transworld state that previous business broker experience is not essential, some states require that business brokers have a real estate license. This means specialized training may be necessary depending on your location. Transworld also expects their franchisees to have direct involvement in...
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### Signal
> Signal is a franchised private security company offering a range of security options to residential and business customers. Read more here.
- Published: 2024-05-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/signal/
Signal franchise Hassle-free business loans to start your Signal franchise. Get started Signal is a franchised private security company offering a range of security options to residential and business customers. Signal claims to be Entrepreneur magazine’s #1 security franchise with 26% growth year on year and network gross revenues of $267 million in 2023. Signal business details Headquartered in Omaha, Nebraska, Signal, (previously known as Signal 88 Security), was founded in 2003. The company has offered franchise opportunities since 2008. Signal competes with other home and business security companies, providing security patrols and surveillance, security consulting, executive protection, and training in personal safety, risk avoidance, and threat management for residential and commercial customers. At the end of 2023, the business had more than 1,000 offices and +4,600 customers spread across the globe. Signal at a glance:Offices: More than 1000Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $57,000Max. investment: $273,000Standard franchise term: 3 years Can I start a Signal franchise? Starting a Signal security franchise is affordable, with investments that start as low as $57k. Additionally, the company does not mandate a minimum net worth or liquid cash requirement. However, be aware that franchise fees for this opportunity can be steep depending on the size of your franchise territory. Average start-up fees paid to Signal are $70,000 and you will then need to cover other costs and carry overhead for three to six months until you can secure enough customers to break even. Expect to pay at...
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### Popeyes franchise
> Popeyes operates quick-service restaurants that offer a ‘Louisiana- style’ menu. Learn more about it here and get started.
- Published: 2024-05-29
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/popeyes/
Popeyes franchise Hassle-free business loans to start your Popeyes franchise. Get started Popeyes Louisiana Kitchen, more simply known as Popeyes, operates quick-service restaurants that offer a ‘Louisiana- style’ menu featuring spicy chicken, biscuits, fried shrimp and other quick-service menu items. Popeyes business details Popeyes was launched in 1972 and have been offering franchise opportunities since 1976. Their corporate headquarters are in Miami, Florida. A major name in the chicken restaurant industry, they have over 348 Canadian locations and also operate in the UK, France, Czech Republic, Poland, Romania, Spain and Switzerland. Total outlets are more than 4,000. Popeyes at a glance:Canadian stores: 348Required Investor net worth: $1,000,000Required investor liquid cash: $500,000Min. investment: $470,000Max. investment: $3,875,000Standard franchise term: 20 years Can I start a Popeyes franchise? You’ll need at least half a million dollars in liquid cash and a net worth of at least double that. You’ll also need access to some serious financing to cover start-up costs that can approach $4 million. Apart from that, you’ll also need previous experience at running multi-unit restaurants, permanent residence in the area where your restaurants are located and ‘consistent involvement in local community initiatives’. Lastly, as you may expect after all this, you’ll be expected to take a hands-on, active role in running the business. This is serious franchising. It is not an opportunity for passive investment. How much does a Popeyes franchise cost? Like all the major fast food brands, getting into a Popeyes chicken n’ biscuits franchise is not cheap. Expect...
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### Kumon franchise
> Kumon is the world’s largest provider of supplementary education, they improve the teaching children receive in school. Learn all about it here.
- Published: 2024-05-29
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/kumon-franchise/
Kumon franchise Hassle-free business loans to start your Kumon franchise. Get started Kumon is the world’s largest provider of supplementary education. Their learning centers enhance the teaching children receive in regular school by using a proprietary ‘just right’ learning method that was created by the company’s founder in 1954. Kumon business details Launched in 1958 and headquartered in Ridgefield Park, New Jersey, Kumon has offered franchise opportunities since inception. Via their franchised learning centers, the business provides after-school math and reading tutoring to children aged two years up to pre-university. Kumon operates in 62 countries and has more than 27,000 learning centers across the globe. Kumon at a glance:Centers: More than 27,000Required Investor net worth: $150,000Required investor liquid cash: $70,000Min. investment: $67,200Max. investment: $145,600Standard franchise term: 5 years Can I start a Kumon franchise? Kumon franchises have to be one of the most affordable opportunities available. Liquid cash requirements are only $70k and minimum net worth is $150k. Set-up costs are equally modest. Heck, even the initial franchise fee is low-cost. But apart from the money, what else do you need? Kumon does not demand that franchise owners have educational experience or qualifications, (although you must have at least a bachelor’s degree). Instead, the company wants franchisees that have a passion for working with children and believe in Kumon’s mission of helping kids become independent, self-assured and confident. They also say that many of their franchisees have previous experience running a business. Lastly, the company expects their franchisees to make...
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### Chem-Dry franchise
> Chem-Dry is a carpet cleaning business in North America, offering entrepreneurs the chance to grab a piece of an industry worth $6.6 billion. Read more.
- Published: 2024-05-23
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/chem-dry-franchise/
Chem-Dry franchise Hassle-free business loans to start your Chem-Dry franchise. Get started Chem-Dry is a franchised carpet cleaning business. They claim to be the best carpet cleaning franchise in North America, offering entrepreneurs the chance to grab a piece of an industry worth $6. 6 billion per year. Chem-Dry business details Launched in 1977 and now headquartered in Nashville, Tennessee, Chem-Dry have offered franchise opportunities since 1978. Franchisees operate a mobile business, using branded vehicles to visit residential and commercial premises to provide carpet cleaning, upholstery cleaning, spot removal, protective services and other authorized services. Currently, they have over 3500 locations worldwide and has operations in more than 30 countries. Chem-Dry at a glance:Stores: More than 3500Required Investor net worth: not statedRequired investor liquid cash: $30,000Min. investment: $72,000Max. investment: $254,000Standard franchise term: 5 years Can I start a Chem-Dry franchise? You won’t need deep pockets to get into your Chem-Dry franchise. After covering the franchise fee, new business owners are required to show liquid cash reserves of only $30k. There is no minimum net-worth requirement or any need for previous cleaning industry experience. Additionally, because Chem-Dry is a mobile business there are minimal real estate costs. You could operate your Chem-Dry business from your own home or a low-cost industrial unit. There’s no need for an expensive main street retail outlet. Best of all, Chem-Dry does not require franchisees to manage the day-to-day running of the business. You can hire someone to do that for you. This makes a Chem-Dry...
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### Burger King
> Famed for their flame-grilled burgers and other fast-food delights, Burger King has been around for many years and shows no signs of slowing down. Learn more.
- Published: 2024-05-23
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/burger-king/
Burger King franchise Hassle-free business loans to start your Burger King franchise. Get started Famed for their flame-grilled burgers and other fast-food delights, Burger King has been around for 70 years and shows no signs of slowing down. The company is on track to reach $60 billion in annual global sales by 2028. Burger King business details Launched in 1954 and headquartered in Miami, Florida, Burger King has offered franchise opportunities since inception. Second only to McDonald’s in the global sandwich stakes, Burger King is a fast food giant, operating more than 19,000 locations in over 100 countries around the world. Burger King at a glance:Canadian stores: More than 380Required Investor net worth: at least $1,000,000Required investor liquid cash: $500,000 min. Min. investment: $250,000Max. investment: $4,670,000Standard franchise term: 20 years Can I start a Burger King franchise? Burger King offers four types of franchise, ranging from a full-scale eat-in restaurant to a simple, delivery and pickup facility. As a result, costs vary significantly – going from a very affordable $250,000 up to an eye-watering $4,670,000 – ranking Burger King start-up costs as low to very high. The franchise fee ranges from $2,500 to $50,000. There are no franchise fee discounts for military veterans. Burger King franchise options: Traditional Burger King Restaurant Facility: A self-contained, full size Burger King restaurant which is located and operated on a site as a freestanding building or within another building structure such as a shopping mall. Non-Traditional Burger King Facility: A non-traditional Burger King restaurant...
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### Anytime Fitness
> Anytime Fitness offer customer access to fitness centers that provide one to one and group exercise programs, coaching, recovery training etc. Learn more.
- Published: 2024-05-23
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/anytime-fitness/
Anytime Fitness franchise Hassle-free business loans to start your Anytime Fitness franchise. Get started Anytime Fitness claims to be the world’s largest and fastest-growing health club franchise and they are considered a giant in the fitness and wellness industry. Anytime Fitness business details Anytime Fitness is a business based in Woodbury, Minnesota. They offer 24/7 customer access to franchised fitness centers that provide one to one and group exercise programs, coaching, recovery training and other services such as automated tanning booths, vending services, and reciprocal benefits between centers. They have more than 5,000 locations around the world and claim a presence on all seven continents. The company has offered franchise opportunities since 2002. Anytime Fitness at a glance:Canada stores: More than 250 Required Investor net worth: $380,000Required investor liquid cash: $65,000Min. investment: $400,000Max. investment: $975,000Standard franchise term: 6 years Can I start an Anytime Fitness franchise? Anytime Fitness are seeking franchisees with a net worth of at least $380,000, liquid assets of $65k, and a willingness to spend up to $1 million to get their new fitness business off the ground. The company says you don’t need previous fitness industry experience to qualify, but they ask that franchisees are passionate about fitness and are excited to help others achieve their wellness goals. Franchisees are also expected to play an active role in building and managing the business, which means this opportunity is not suitable for passive investment. How much does an Anytime Fitness franchise cost? Start-up costs for an Anytime...
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### Signarama
> Signarama is a franchised printing and sign-making business producing and selling magnetic, paper and laminated signs. Learn all about the franchise here.
- Published: 2024-05-09
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/signarama/
Signarama franchise Hassle-free business loans to start your Signarama franchise. Get started Signarama is a franchised printing and sign-making business. They produce and sell magnetic, paper and laminated signs, plus a wide range of other products such as banners and posters, retail displays, store fronts and electric and neon signs. Signarama business details Signarama began in 1986 in Farmingdale, New York and has offered franchise opportunities since 1987. Today they are headquartered in West Palm Beach, Florida. Claiming to be a leader in their industry, the company operates across Canada and in 30 other countries. They currently have 43 Canadian locations and more than 270 outlets in international markets, including the UK, France and Australia. Signarama at a glance:Canadian stores: 43Required Investor net worth: Not statedRequired investor liquid cash: $60,000Min. investment: $250,000Max. investment: $340,000Standard franchise term: 35 years Can I start a Signarama franchise? If you have at least $60k in liquid capital and you can cover start-up costs that can be more than $300,000, then you can start a Signarama franchise. The company allows investors to designate a principal manager to take the necessary training and control the day-to-day running of your store, so this makes a Signarama franchise suitable for passive investment. How much does a Signarama franchise cost? Signarama franchises come in at the affordable end of the cost spectrum, with an initial investment that can vary from $250,000 to $340,000 – a set-up cost that ranks as low. The initial franchise fee is $49,500. Military veterans...
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### Paris baguette
> Paris Baguette is a franchised café/bakery organisation that sell a variety of French-inspired pastries, cakes, sandwiches and more. Learn it all here.
- Published: 2024-05-09
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/paris-baguette/
Paris baguette franchise Hassle-free business loans to start your Paris baguette franchise. Get started Paris Baguette is a franchised café/bakery organisation who operate modern and inviting eateries that sell a variety of French-inspired breads, pastries, cakes, sandwiches and other products. Paris baguette business details Originally founded in South Korea in 1986 and now headquartered in Moonachie, New Jersey, Paris Baguette has offered franchise opportunities since inception. Claiming to deliver a better café/bakery customer experience than competitors. The company has more than 4,000 locations worldwide and is aiming to surpass 1,000 cafés in the US and Canada by 2030. They added 40 new locations in 2023. Paris Baguette at a glance:Canadian stores: 6Required Investor net worth: $1,500,000Required investor liquid cash: $500,000Min. investment: $653,000Max. investment: $1,750,000Standard franchise term: 10 years Can I start a Paris baguette franchise? You’ll need a minimum net worth of $1,500,000 and liquid cash of at least half a million dollars. You’ll also need to meet start-up costs that can run close to $2 million. Paris Baguette allows franchisees to designate a principal manager to take the necessary training and manage the day-to-day operations of the café. This makes this franchise suitable for passive investment. How much does a Paris baguette franchise cost? This is a chain that likes to keep things authentic, and they’ve managed that right through to the initial investment. Like almost everything else in their namesake city, opening a Paris Baguette franchise is not cheap. Start-up costs range from $650,000 to $1,750,000, ranking as...
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### Papa John's
> Papa John’s is a pizza business giant that offers consumers eat-in dining, delivery or takeout services for pizzas and much more. Read all about it here.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/papa-johns/
Papa John's franchise Hassle-free business loans to start your Papa John's franchise. Get started Papa John’s is a pizza business giant with almost 6,000 locations worldwide. The brand offers consumers eat-in dining, delivery or takeout options and a choice of products that include pizzas, chicken wings, and garlic bread. Novus Glass business details Headquartered in Louisville, Kentucky, Papa John’s began in 1984 and has offered franchise opportunities since 1985. They are the third largest pizza chain, behind Domino’s and Pizza Hut. In 2022 the business had sales of more than $3. 6 billion with average sales per store of more than $1 million per year. Papa John's at a glance:Stores: Almost 6,000Required Investor net worth: $750,000Required investor liquid cash: $250,000Min. investment: $130,000Max. investment: $975,000Standard franchise term: 10 years Can I start a Papa John's franchise? Getting into a Papa John’s franchise is not exactly a walk in the park. To start with, you’ll need fairly deep pockets to meet the start-up costs, which can run to almost one million dollars depending on the type of store you choose and where you are located. You’ll also need at least $250k in liquid cash and net worth of $750,000. Then, if you can cover the financial requirements, Papa John’s also expects that at least one franchise partner should have a business background and one partner must have substantial restaurant or retail management experience. Lastly, the company prefers franchisees who will operate at least five Papa John’s outlets, and you’ll need to live...
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### Novus Glass
> Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. Read all about the franchise here and get started.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/novus-glass/
Novus Glass franchise Hassle-free business loans to start your Novus Glass franchise. Get started Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. With more than 44 million windshields repaired since 1972, the company claims to be the global leader in their market. Novus Glass business details Novus Glass is headquartered in St. Paul, Minnesota. They’ve offered franchise opportunities since 1985. Best known for their auto glass repair services, they also offer commercial and residential glass replacement plus a mix of other automotive aftermarket products and services. They currently operate in 30 countries and have more than 1300 locations worldwide. Novus Glass at a glance:Stores: More than 1300Required Investor net worth: $150,000Required investor liquid cash: $30,000Min. investment: $59,000Max. investment: $274,000Standard franchise term: 10 years Can I start a Novus Glass franchise? Novus Glass say you don’t need previous experience in the automotive service industry to successfully operate one of their glass replacement outlets, and with a requirement of $30,000 liquid cash and $150,000 net worth, the financial hurdles to ownership are low. However, keep in mind that many businesses offer auto glass repair in Canada, which has grown by since 2019, the competition for customers could be challenging – as evidenced by this franchise’s failure rate, which is 23% by year three. How much does a Novus Glass franchise cost? A Novus Glass franchise is affordable, requiring an initial investment that ranges from $59,000 up to $274,000 (a cost that includes a vehicle fee that...
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### Minuteman Press
> Minuteman Press is a franchise network that provides printing and related business services to companies and the public. Read more about it with here.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/minuteman-press/
Minuteman Press franchise Hassle-free business loans to start your Minuteman Press franchise. Get started Minuteman Press is a retail franchise network. Their stores provide printing and related business services to companies and the general public across the US, the UK, Australia and South Africa. Minuteman Press business details Launched in 1973 and headquartered in Farmingdale, New York, Minuteman Press has offered franchise opportunities since 1975. Minuteman business centers offer varied printing and marketing services, including digital printing, design, finishing, mailing, advertising specialty items, and marketing communications. More than 50 years after opening, the business is still family owned. Minuteman Press at a glance:Total stores: Approximately 1000Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $45,000 Max. investment: $150,000Standard franchise term: 35 years Can I start a Minuteman Press franchise? You can get into a Minuteman Press franchise for as little as $45,000 if you choose to lease your service center’s equipment, making this opportunity highly affordable. The company says previous experience in the printing or business services industry is not necessary to operate one or more of their franchised stores. However, they do demand that the franchisee is fully involved in the management and development of the business, although you can designate a manager to take the necessary training and take care of the day-to-day operation of the store. This means a Minuteman Press franchise may be suitable for passive investment. How much does a Minuteman Press franchise cost? The initial start-up costs for a Minuteman Press...
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- [How to get investors to say “yes”](https://swoopfunding.com/ca/equity-financing/how-to-get-investors-to-say-yes/): What does it take to get an investor to “yes”? Read all about how to win investors' trust and secure funding here.
### KFC
> KFC is one of the world’s best known fast food brands that sell fried chicken and related food and drink products. Learn all about the franchise here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/kfc/
KFC franchise Hassle-free business loans to start your KFC franchise. Get started KFC is one of the world’s best known fast food brands. Via company owned and franchised restaurants they sell fried chicken and related food and drink products at more than 29,000 locations in 147 countries. Global revenues exceeded 33 billion dollars in 2023. KFC business details Colonel Harland Sanders opened the first franchised Kentucky Fried Chicken restaurant in Salt Lake City, Utah in 1952. More than 70 years later, the name-abbreviated KFC is now headquartered in Louisville, Kentucky and is the third largest fried chicken chain behind Chick-fil-A and Popeye’s. However, the brand still dominates the global scene. They are the second largest fast food chain in the world after McDonald’s. KFC at a glance:Canadian stores: More than 700Required Investor net worth: $1,500,000Required investor liquid cash: $750,000Min. investment: $1,800,000Max. investment: $3,700,000Standard franchise term: 20 years Can I start a KFC franchise? You can if you have at least $750,000 in liquid cash and a net worth of $1,500,000. You’ll also need to meet start-up costs that can reach almost four million dollars. KFC does not demand that franchisees have past experience in hospitality, but clearly, with this kind of investment, prior experience in the fast food industry or a similar high-volume consumer business would be helpful. The company expects owners to be on the restaurant floor and running operations daily. This is not a passive investment opportunity. How much does a KFC franchise cost? As you may expect...
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- [Canadian small businesses: 10 surprising facts](https://swoopfunding.com/ca/blog/facts-about-canadian-smes/): Canada's economic success is fueled by its small but mighty businesses! At Swoop, we know SMEs pretty well. But how many of our facts about SMEs do you know?
### Jiffy Lube
> Jiffy Lube franchise provides oil change and lubrication services for cars and light trucks, as well as basic repair services. Learn all about it here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/jiffy-lube/
Jiffy Lube franchise Hassle-free business loans to start your Jiffy Lube franchise. Get started Jiffy Lube franchised service centers provide oil change and lubrication services for cars and light trucks, as well as basic repair services and other similar or ancillary products and services. The company operates across the US and Canada and claims to serve approximately 27. 5 million customers per year. Jiffy Lube business details Launched in 1979 and with headquarters in Houston, Texas, Jiffy Lube is a wholly owned subsidiary of the Pennzoil-Quaker State Company, who in turn are a wholly owned subsidiary of global oil giant, Shell Petroleum. Famous for pioneering the ‘fast oil change’ industry by creating the world’s first drive-thru car care centers to provide professional mechanic services, they have offered franchise opportunities since inception. Jiffy Lube at a glance:Stores: More than 2000Required Investor net worth: $500,000Required investor liquid cash: $250,000Min. investment: $232,000Max. investment: $443,000Standard franchise term: 20 years Can I start a Jiffy Lube franchise? If you have at least $250k in liquid cash and a net worth of $500k and you can meet the start-up costs that can range close to half a million dollars, then yes, you can start a Jiffy Lube franchise. The company says no automotive experience is necessary to operate a service center, although they do point out that their most successful franchisees have previous experience running a business. Jiffy Lube demands that the franchisee or their designated manager must take the necessary training and be responsible for...
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- [How to download a bank statement](https://swoopfunding.com/ca/blog/how-to-download-a-bank-statement/): If your business uses online banking, there can be times where you need to download a bank statement. Learn all about the process in our guide.
### Home Instead
> Home Instead provides in-home care services with a mission to enable seniors and other individuals to live independently at home. Learn all here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/home-instead/
Home Instead Hassle-free business loans to start your Home Instead franchise. Get started Home Instead is a franchisor providing in-home care services for seniors and other individuals. Considered one of the world’s leading care providers, their mission statement says they believe everybody should be able to live independently at home, regardless of their age. Home Instead business details Founded in 1994 and offering franchise opportunities since 1995, Home Instead is headquartered in Omaha, Nebraska. The business provides home care services such as companionship, and personal and specialized services, including hospice and Alzheimer’s care for older adults. They operate more than 1,200 franchised locations across 13 countries and are a frequent ‘top franchise’ award winner. Home Instead at a glance:Stores: More than 1200Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $98,000Max. investment: $125,000Standard franchise term: 5 years Can I start a Home Instead franchise? Home Instead say they are seeking franchisees who are driven by a passion to improve the quality of life for seniors and who put their compassion for others first. If this sounds like you and you can meet the average $116,000 start-up cost as well as demonstrate a set of qualities and skills that include strong salesmanship, a desire to work with aging adults, full-time commitment, and good leadership skills, you could start a Home Instead franchise. The company demands either the franchisee or their designated manager must take the franchise training and be involved in the day-to-day running of the business –...
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- [Business models: Types, examples, and how to design one ](https://swoopfunding.com/ca/blog/business-models-types-examples-and-how-to-design-one/): All businesses need a business model, no matter what industry they're in. Read more about business models, what they are, and how to design one here.
### Budget Blinds
> Budget Blinds is a window coverings franchisor, selling window blinds and sundry items to restaurants, businesses, healthcare, schools and more. Read more.
- Published: 2024-05-07
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/budget-blinds/
Budget Blinds Hassle-free business loans to start your Budget Blinds franchise. Get started Budget Blinds is a window coverings franchisor, selling window blinds and sundry items to restaurants, retail businesses, offices, healthcare facilities, schools and residential customers. They operate across the US and Canada. Budget Blinds business details Founded in 1992 and offering franchise opportunities since 1994, Budget Blinds are headquartered in Irvine, California. As well as selling blinds, rugs and related window treatment products, the company provides on-site consultations, virtual consultations, measuring and professional installation services. They ranked #16 in the top 500 franchise charts for 2024. Budget Blinds at a glance:Stores: Over 1300Required Investor net worth: +$250,000Required investor liquid cash: up to $155,000Min. investment: $140,000Max. investment: $212,000Standard franchise term: 10 years Can I start a Budget Blinds franchise? The company says they’re seeking driven individuals who have an entrepreneurial spirit and a passion for personalized customer service. If this sounds like you and have a net worth of at least $250,000 and liquid cash of up to $155,000, you could start a Budget Blinds franchise. Note that you can operate this franchise yourself or you can employ a designated manager to take the training and run the business for you. This could make a Budget Blinds franchise suitable for passive investment. How much does a Budget Blinds franchise cost? Starting a Budget Blinds franchise can cost from $140,000 up to $212,000 - making this a low to moderate investment. One of the best things about this franchise is...
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- [How to run a successful business](https://swoopfunding.com/ca/blog/how-to-run-a-successful-business/): You hear the term ‘successful business’ often, but what does that mean? Find out here, and our best tips for running a successful business. Get started.
### Wild Birds Unlimited
> Wild Birds Unlimited have been offering franchise opportunities since 1983. Find out more or secure funding with Swoop.
- Published: 2024-04-24
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/wild-birds-unlimited/
Wild Birds Unlimited franchise Hassle-free business loans to start your Wild Birds Unlimited franchise. Get started Wild Birds Unlimited is a retail franchise organization. The business sells birdfeeders, birdseed and other nature-related products to hobbyists and wildlife lovers across North America. Wild Birds business details Launched in 1981 and based in Carmel, Indiana, Wild Birds Unlimited have been offering franchise opportunities since 1983. With a core focus on wild bird feeding, watching and protecting, they’re a major player in the Canadian pet and nature sector. Currently, they operate 361 franchises in the US and Canada and consistently rank high in annual franchisee satisfaction awards. Wild Birds Unlimited at a glance:Franchised stores: 361 Required Investor net worth: $300,000Required investor liquid cash: $40,000Min. investment: $220,000Max. investment: $380,000Standard franchise term: 10 years Can I start a Wild Birds franchise? Modest minimum cash and net worth requirements, ($40k and $300k respectively) present a low barrier to entry to a Wild Birds franchise, although you may need financing to meet initial set-up costs of as much as $380k. The good news is, you can operate this franchise as a ‘hands-off’ business by appointing a designated manager to take the necessary franchise training and manage the day-to-day running of the store. Additionally, the company does not demand that you have previous experience in the sector or any retail experience at all. Instead, they say they are seeking investors who are passionate about retail and the hobby of bird feeding, and are motivated to serve their local...
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### Snap-on Tools
> Snap-on tools is a tools manufacturer and distributor, selling tools and diagnostic equipment to automotive dealers. Read all about it here.
- Published: 2024-04-23
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/snap-on-tools/
Snap-on Tools franchise Hassle-free business loans to start your Snap-on tools franchise. Get started Snap-on Tools is a tools manufacturer and distributor, selling professional tools and diagnostic equipment to automotive dealers, garages and workshops as well as farm and industrial businesses, boat yards, and marine and aviation specialists. Snap-on Tools franchisees operate from branded mobile stores, selling products to customers on an exclusive call list. Snap-on Tools business details With headquarters in Kenosha, Wisconsin, Snap-on Tools have been manufacturing and distributing tools for professional use since 1920 and offering franchise opportunities since 1991. A globally recognized brand, Snap-on is known for their high-quality, precision-made products. The company currently operates in over 130 countries, employs +13,000 associates, and has +4,700 franchises worldwide. Snap-on tools at a GlanceStores: More than 4,700Required Investor net worth: +$44,000Required investor liquid cash: +$44,000Min. investment: $216,000Max. investment: $553,000Standard franchise term: 10 years Can I start a Snap-on Tools franchise? As well as minimum net worth and available cash of at $44,000 each, you must be prepared to pay at least $216,000 to get into a Snap-on Tools franchise. Like other companies in this sector, such as Matco and Mac, Snap-on accepts franchisees who have no previous experience of the tools industry. However, this is not a ‘hands off’ or part-time opportunity. Snap-on expects all their franchisees to be actively engaged with running the business and interacting with customers on a daily basis. How much does a Snap-on Tools franchise cost? Starting a Snap-on Tools franchise is not...
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### Wendy's
> Famous for their unique, square-shaped hamburger patties, Wendy’s are a big player in the global fast food industry. Read all about funding options for you.
- Published: 2024-04-23
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/wendys/
Wendy’s franchise Hassle-free business loans to start your Wendy’s franchise. Get started Famous for their unique, square-shaped hamburger patties, Wendy’s are a giant in the global fast food industry. On a mission to deliver a more homely dining experience than their major competitors, the company has been selling old-fashioned burgers, chicken sandwiches, salads, shakes and fries to delighted diners for more than 50 years. Wendy's business details Offering franchise opportunities since 1972, Wendy’s was launched in 1969 in Columbus, Ohio. The founder, Dave Thomas named the business after his daughter Melinda – nicknamed Wendy. Today, the company is based in Dublin, Ohio and they are one of the ‘big three’ burger chains, alongside McDonald’s and Burger King. The business operates in more than 30 countries, and they have over 7,000 restaurants spread across the globe. Wendy's restaurant at a glance:Canadian stores: More than 400Required Investor net worth: $1,000,000Required investor liquid cash: $500,000Min. investment: $320,000Max. investment: $4,600,000Standard franchise term: 20 years Can I start a Wendy’s franchise? You can if you have very deep pockets. Never mind the minimum net worth and available cash requirements, which run to $1million and $500k respectively, you may face start-up costs of more than four million dollars. Additionally, Wendy’s are quite picky on who they sell their franchises to. They prefer high net worth individuals (obviously) who have previous experience in the food and beverage hospitality industry. Is this you? How much does a Wendy’s franchise cost? Wendy’s is a global brand, with annual sales...
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### UPS store
> UPS is a franchised parcel delivery company, providing packaging, courier, photocopying and other services to individuals and organizations. Learn all here.
- Published: 2024-04-23
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/ups-store/
UPS store franchise Hassle-free business loans to start your UPS store franchise. Get started UPS is a franchised parcel delivery and business services company, providing packaging, courier, photocopying and host of other services to individuals and organizations. Operating in more than 75 countries across the globe, their stated aim is to aid and empower small business owners within their local community. UPS business details UPS is based in San Diego, California and they’ve been offering franchise opportunities since they first began in 1980. Instantly recognizable by their big brown trucks that operate across Canada, the company succeeds by providing a fast and convenient alternative to traditional postal services. Ranked as the #1 franchise in delivery and business services 34 years in a row, they currently have over 5,000 franchised stores worldwide. UPS store at a glance:Stores: More than 5,000Required Investor net worth: $150,000Required investor liquid cash: $75,000Min. investment: $220,000Max. investment: $500,000Standard franchise term: 10 years Can I start a UPS franchise? You can if you can meet the minimum net worth and liquid cash requirements of $150,000 and $75,000 respectively. You must also be able to carry a median start-up cost of more than $350k. The good news is that UPS allows investors to operate their franchise as a passive investment – appointing or hiring a ‘primary operator’ to take care of the daily running of the business. How much does a UPS store franchise cost? The initial investment costs to start a UPS store franchise range from $220,000 to...
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### Re/Max
> Re/Max are a real estate brokerage franchisor providing branding and business support to real estate brokerages. Learn more today.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/re-max-franchise/
Re/Max franchise Hassle-free business loans to start your Re/Max franchise. Get started Re/Max are an international real estate brokerage franchisor. They provide branding and business support to individually owned real estate brokerages in Canada and worldwide. Operating a high transactions/high commissions business model, the company says their success is built on supporting and encouraging entrepreneurs who desire the freedom to carve their own path, their own way. Re/Max business details Founded in Denver in 1973 and franchising since 1975, Re/Max are headquartered in Denver, Colorado. The company claims to sell more residential real estate than any other brokerage in the world and be the most recognized real estate brand in Canada. The company has more than 135,000 agents in 110 countries across the globe. Re/Max at a glance:Canada offices: 182Required Investor net worth: not statedRequired investor liquid cash: Not statedMin. investment: $42,000Max. investment: $236,500Standard franchise term: 5 years Can I start a Re/Max franchise? You don’t need deep pockets to start a Re/Max franchise, nor do you need high net worth and a bucket load of liquid cash. However, you do need a valid real estate license for the state where you intend to operate. This makes Re/Max franchises suitable for established agents who wish to go out on their own or small independent brokerages who wish to scale up but lack the network capacity to do so. Note that you cannot run this franchise as a ‘hands off’ business or on a part-time basis. Re/Max demands that franchisees are...
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### Pirtek
> Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. Learn it all here.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/pirtek-franchise/
Pirtek franchise Hassle-free business loans to start your Pirtek franchise. Get started Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. One of the very few industrial businesses offering franchise opportunities, they say their goal is to succeed as the globe’s top hydraulic and industrial hose service business - and they’re looking for like-minded entrepreneurs to help get them there. Pirtek business details Launched in Australia in 1979, Pirtek has been offering franchises since 1986. With headquarters in Rockledge, Florida, the company claims to be the world leader in industrial and hydraulic hose services. Providing support to manufacturing, marine, transport, construction and waste and recycling businesses, they operate in 24 countries and have over 500 locations and more than +1500 mobile service vehicles worldwide. Pirtek Restaurants at a glance:Stores: More than 500Required Investor net worth: $750,000Required investor liquid cash: $500,000Min. investment: $200,000Max. investment: +$650,000Standard franchise term: 10 years Can I start a Pirtek franchise? You’ll need a net worth of $250,000 to $750,000 and anywhere from $100,000 to $500,000 in available cash to qualify. Expect to spend up to $650,000 to get started. Additionally, although the company says you don’t need prior experience in this field, or even need to be technically savvy, you can’t run this franchise as a ‘hands off’ business if you’re going in alone. Pirtek demands that individuals directly manage and supervise their business on a daily basis. However, if you’re buying into Pirtek as a corporation,...
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### McDonald's
> McDonald’s are the fast food chain that started it all and are one of the most successful restaurant in the world. Read more here.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/mcdonalds-franchise/
McDonald’s franchise Hassle-free business loans to start your McDonald’s franchise. Get started The big daddy of the franchise world, McDonald’s are the fast food chain that started it all and are one of the most successful restaurant businesses in the world. With an almost saturation presence on main streets and highways across Canada, it’s hard to go wrong with a McDonald’s franchise in your pocket – as long as those pockets run deep. Expect to pay anywhere from $1. 3 to $2. 4 million or more to get your new burger business cooking. McDonald’s business details Launched in 1940 in San Bernadino, California, the McDonald’s Corporation is now headquartered in Chicago, Illinois and has offered franchises since 1955. Famous for pioneering the fast food concept with their mission of ‘order to delivery in three minutes or less’, McDonald’s has more than 39,000 restaurants globally and sells more than 2. 3 billion burgers every year. McDonald’s Restaurants at a glance:Canadian stores: More than 1400Required Investor net worth: $500,000Required investor liquid cash: $500,000Min. investment: $1,300,000Max. investment: +$2,400,000Standard franchise term: 10 years Can I start a McDonald’s franchise? You can if you have at least half a million dollars in liquid cash and the same again in net worth. The company also expects you to have at least 25% to 40% of the initial start-up costs in unborrowed funds. The most common way to acquire a McDonald’s is to buy an existing business, although the company will also allow new locations based on...
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### Century 21
> Century 21 is an international real estate franchise. Read all about century 21 franchise costs, process & secure your funding with Swoop.
- Published: 2024-04-18
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/century-21/
Century 21 franchise Hassle-free business loans to start your Century 21 franchise. Get started Century 21 is an international real estate franchise operator. They provide branding and business support to individually owned real estate brokerages across the globe. Claiming to have more brand awareness than any real estate label, Century 21 say their mission is to reinvent the industry by capturing the hearts and minds of those who are buying, selling and working in real estate today. Century 21 business details Established in 1971, and offering franchise opportunities since 1972, Century 21’s head office is located in Madison, New Jersey. They are the largest real estate franchisors in the world and are part of a group of real estate agencies that includes Coldwell Banker, Sotheby’s International and Better Homes and Garden Real Estate. Currently, Century 21 has over 12,000 franchised offices worldwide and operates in 86 countries. Century 21 at a glance:Offices: More than 12,000 2,000Required Investor net worth: $150,000Required investor liquid cash: $75,000Min. investment: $25,000Max. investment: $450,000Standard franchise term: 10 years Can I start a Century 21 franchise? Century 21 states that they are seeking franchisees who are keen go-getters, determined to defy mediocrity and deliver extraordinary experiences in the real estate industry. If this is you, and you have a net worth of at least $150,000, and liquid assets of more than $75,000, this opportunity may be of interest. However, for those seeking a passive investment, take note that a Century 21 franchise cannot be operated as a...
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### Express Employment Professionals
> Express Employment Professionals is a B2B recruitment franchise that helps companies secure staffing placements. Read about the franchise & secure funding here.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/express-employment-professionals/
Express employment professionals franchise Hassle-free business loans to start your Express Employment Professionals franchise. Get started Express employment professionals is a business-to-business recruitment franchise that helps Canadian and international companies secure full-time, part-time, and temporary staffing placements. As well as providing the opportunity to build a successful business, Express Employment claim their program delivers a better work/life balance and the potential for franchisees to earn the income they deserve. Express employment professionals business details Established in 1983, and offering franchise opportunities since 1985, Express Employment’s head office is located in Oklahoma City, Oklahoma. They are the largest staffing franchise and have been named as Entrepreneur Magazine’s top recruitment franchise for 13 years in a row. Currently, Express has more than 800 franchised offices worldwide and operate in countries such as the US and South Africa. Express employment professionals at a glance:Stores: More than 800Required Investor net worth: $250,000Required investor liquid cash: $200,000Min. investment: $150,000Max. investment: $400,000Standard franchise term: 5 years Can I start an Express employment professionals franchise? Although Express Employment stress that previous experience in the staffing sector is not necessary to run a franchise, they prefer candidates with a minimum of five years’ proven leadership, sales, or sales management experience. If you fit this description and you have a net worth of at least $250,000 and liquid cash of $200,000 an Express franchise may be a suitable business proposition. Be aware that owning an Express Employment Professionals franchise as a ‘hands off’ business is not an option. The...
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### Matco Tools
> Matco Tools is a distribution franchisor, selling sundry items to automotive dealers, garages and workshops. Read all about the franchise & secure your funding.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/matco-tools/
Matco tools franchise Hassle-free business loans to start your Matco tools franchise. Get started Matco Tools is a tools distribution franchisor, selling tools and sundry items to automotive dealers, garages and workshops as well as farm and industrial businesses, boat yards, and motorsport and aviation specialists. Matco franchisees operate from branded mobile stores, selling products to customers on an exclusive call list. The company claims to be the fastest growing tools distributor in the sector. Matco Tools business details Matco Tools are headquartered in Stow, Ohio. They started manufacturing and distributing tools for automobile repair in 1946. Their franchise operations began in 1993. Today they sell tools, auto components, accessories, diagnostic equipment and even model car collectibles. Along with Snap-On and MAC, they are one of the nation’s largest tool suppliers, with over 1,900 mobile stores across the US and Canada. Matco Tools at a glance:Stores: More than 1,900Required Investor net worth: $35,000Required investor liquid cash: $15,000Min. investment: $80,000Max. investment: $340,000Standard franchise term: 10 years Can I start a Matco Tools franchise? You’ll need at least $15,000 in liquid cash and a minimum net worth of $35,000, otherwise, Matco say franchisees need no previous experience of the tools industry. Note that this is not a passive type of opportunity. Matco expect all their franchisees to be actively engaged with running and building the business and interacting with customers. You cannot run this franchise from your armchair. How much does a Matco Tools franchise cost? Although Matco Tools suggest a minimum...
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### Solar equipment financing for businesses
> Solar equipment financing refers to business loans and leases that help organizations buy or rent the commercial solar equipment they need. Read more here.
- Published: 2024-04-05
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/solar-equipment-financing-for-businesses/
Solar equipment financing for businesses Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Businesses that install solar equipment to provide their energy needs can benefit from cheap, green energy and major tax benefits as well as doing good for the environment. However, commercial solar energy systems are not cheap, typically costing more than $250,000 to buy and install. For this reason, many businesses choose to finance their solar investment –...
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### Manufacturing equipment financing
> Manufacturing finance can be used to buy machinery for manufacturing businesses, or to borrow against the value of equipment that you already own. Learn more.
- Published: 2024-04-05
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/manufacturing-equipment-financing/
Manufacturing equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Buying big-ticket manufacturing equipment such as conveyors, assemblers, ovens, presses, and packing systems can put a major dent in working capital. Instead, most Canadian manufacturers opt for equipment financing, using business loans and equipment leases to get the machinery they need without struggling to pay with cash. Add a header to begin generating the table of contents What is...
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### Dental equipment financing
> Dental equipment financing refers to specialist business loans that help Canadian dental businesses obtain the equipment they need. Learn more with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/dental-equipment-financing/
Dental equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Dental care is a huge industry in Canada, covering everything from general oral care and restorative dentistry, to prosthodontics, cosmetic dentistry and more. Dentists utilize a vast array of equipment to deliver their services, and these machines, tools and technologies are often highly complex and need constant updating. Because this equipment can be expensive, most dental providers choose to...
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### Construction equipment financing
> Construction equipment – diggers, bobcats, dump trucks, and more is used by industries as varied as construction, agriculture, and landscaping etc. Learn more.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/construction-equipment-financing/
Construction equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Construction equipment – diggers, bobcats, cranes, dump trucks, graders, loaders, etc - is used by industries as varied as construction, agriculture, forestry, landscaping and mining. However, this kind of equipment does not come cheap and paying for it with working capital can often be prohibitive. Fortunately, there’s an answer to this problem: Construction equipment financing. Pay for the equipment...
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### Bobcat financing
> Bobcats are the versatile machines of choice for many Canadian businesses and these vehicles can come in all shapes and sizes. Learn more with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/bobcat-financing/
Bobcat financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In construction, land management, forestry, farming, landscaping and many other heavy duty industries, getting the job done right and on time is often reliant on the quality of your machinery and equipment. Bobcats are the versatile, go-anywhere, work-anytime machines of choice for many Canadian businesses and these vehicles can come in all shapes and sizes, with price tags to match...
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### Boat financing
> Boat loans function like auto loans – you borrow all or some of the cost of the boat you’re buying and then you pay the principal back with interest. Read more.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/boat-financing/
Boat financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Although millions of Canadian businesses own cars, trucks and vans for commercial use, many organizations also need boats to provide the goods and services they sell. Commercial water craft can be used for fishing, mining, haulage, passenger and vehicle transport, leisure activities and many other functions. Depending on the age, type and size of craft, boats for commercial use can...
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- [Small business bookkeeping: The complete guide](https://swoopfunding.com/ca/blog/small-business-bookkeeping-the-complete-guide/): A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and more.
### Bakery equipment financing
> Bakery equipment financing and leasing refers to specialist business loans that help organisations buy bakery equipment for their business. Learn more here.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/bakery-equipment-financing/
Bakery equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter if you’re making fancy wedding cakes, artisan bread or thousands of sliced loaves, you need bakery equipment to get the job done right. However, when a commercial oven can cost anywhere from $3,000 to $6,000 equipping a bakery business to perform at its best can require a lot of dough. Fortunately, there’s an alternative: Bakery equipment financing...
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- [Best business banking apps](https://swoopfunding.com/ca/business-bank-accounts/best-business-banking-apps/): Modern business is a 24/7 experience, with many UK SMEs working round the clock, or needing access to their money any time of day. See our comparison here.
### Audio visual equipment financing
> Audio visual equipment includes devices that deliver a visual or sound effect to your audience. Learn all about it and how to get financed with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/audio-visual-financing/
Audio visual equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Big screens, big sounds. Audio visual (AV) equipment puts you in the picture and tells you what you need to know. Movie houses, theaters, sports events, conferences and almost every other type of event or venue need AV equipment to impress their audience. However, this kind of tech does not come cheap. Even a small show may need...
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- [Soft asset finance: What you need to know](https://swoopfunding.com/ca/business-loans/asset-finance/soft-asset-finance/): Soft assets refer to intangible assets that hold significant value for businesses. Read more about soft assets and get started with Swoop.
### Aircraft financing
> Aircraft financing is lending that can be used to buy aircraft, or to borrow against the value of an aircraft that you own. Read more and apply with Swoop.
- Published: 2024-04-03
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/aircraft-financing/
Aircraft financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Purchasing airplanes and helicopters for corporate use with cash can put a serious dent in any organisation’s liquidity and seldom makes good financial sense. Instead, most airplane buyers use aircraft financing – special business loans for the purchase of airplanes – to reduce financial headwinds. Get a better plane than you could buy with cash. Spread the cost over time....
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- [Grants newsletter: growth, sustainability and jobs in manufacturing - your latest grants news](https://swoopfunding.com/ca/blog/grants-newsletter-growth-sustainability-and-jobs-in-manufactoring-jobs-your-latest-grants-news/): Hello! Canada’s wildfires have made international headlines this month. In this newsletter, you’ll find a grant to help your business...
### No doc business loan
> No document, or ’no-doc’ business loans are finance products designed to deliver funding with almost zero paperwork. Learn more, or apply with Swoop.
- Published: 2024-03-21
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/no-doc-business-loan/
No-doc business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No document, or ’no-doc’ business loans are streamlined finance products designed to deliver funding with (almost) zero paperwork. No-doc loans have simple application processes and may provide funding very quickly, but simplicity and speed come with a price – borrowers should expect to pay high interest rates and fees. Add a header to begin generating the table of contents...
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- [How to get venture capital funding](https://swoopfunding.com/ca/equity-financing/how-to-get-venture-capital-funding/): If you’re seeking funding to help get your business launch or to help it expand, venture capital funding is one option worth exploring. Learn more here.
### Revenue based financing
> Revenue-based financing uses the value of an organization’s gross sales or profits to raise capital from lenders & investors. Read more here.
- Published: 2024-03-21
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/revenue-based-financing/
Revenue-based financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Your business may be generating good revenues, but if your credit score is weak or your trading history is short, you may find it tough to get a standard business loan. Revenue-based financing could be your solution to this problem. Use the value of your annual or monthly revenues to get the funds you need, then simply pay the loan...
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### Price per square foot calculator
> Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying.
- Published: 2024-03-20
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/business-loan-calculator/price-per-square-foot-calculator/
Price per square foot calculator Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying. Page written by Ian Hawkins. Last reviewed on July 12, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Calculation for? Purchase Lease Rental Area measurement sq feet (ft²) Purchase price $ . 00 Price per square foot $ . 00 Monthly rent $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Purchase price per square foot $0 Monthly lease price $0 Yearly lease price $0 Monthly rent per square...
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### Internal rate of return calculator
> Our Internal Rate of Return (IRR) calculator helps you determine the profitability of investments or projects. Use it for free here to calculate your IRR.
- Published: 2024-03-19
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/business-loan-calculator/internal-rate-of-return-calculator/
Internal rate of return calculator Our Internal Rate of Return (IRR) calculator helps you determine the profitability of investments or projects. Page written by Ian Hawkins. Last reviewed on July 12, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset General Multiple Initial investment Investment return (including initial) Time period 0 years 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years months 0 months 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9...
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### Emergency business loans
> What do you do when you need money in a hurry and don’t have time to wait for standard business loan? Emergency business loans may be for you. Read more.
- Published: 2024-03-19
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/emergency-business-loans/
Emergency business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What do you do when you need money in a hurry and don’t have time to wait for standard business financing? Emergency business loans may be your answer. Often available within days or hours, this type of business loan can plug the financial gap when disaster strikes, or sudden costs put your business on the spot. Add a header...
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### Term loans
> Term loans for businesses can be fast and simple to get and let you pay the money back over several years. Read more here, or apply with Swoop today.
- Published: 2024-03-18
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/term-loans/
Term loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Term loans for businesses can be fast and simple to obtain and may let you pay the money back over many years. Often available with borrowing costs that are cheaper than other types of business finance, term loans can also be used for almost any purpose. No wonder they’re Canada’s most common type of business loan. Add a header to...
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### Compound annual growth rate calculator
> Our compound annual growth rate (CAGR) calculator helps you measure an investment's annual growth rate over a specified period. Use it for free here.
- Published: 2024-03-15
- Modified: 2024-07-08
- URL: https://swoopfunding.com/ca/business-loan-calculator/compound-annual-growth-rate-calculator/
Compound annual growth rate calculator Our compound annual growth rate (CAGR) calculator helps you measure an investment's annual growth rate over a specified period. Page written by Ian Hawkins. Last reviewed on July 8, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Initial value $ . 00 Final value Duration of investment 5 years This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Compound annual growth rate 0% Get a quote What is CAGR? CAGR, or Compound Annual Growth Rate, is a measure used to calculate the annual growth rate of an investment over a specified period, assuming the investment has grown at a steady...
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### Refinance calculator
> Our loan refinance calculator helps you estimate the potential savings and costs associated with refinancing your existing loan. Use it free here.
- Published: 2024-03-14
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/business-loan-calculator/refinance-calculator/
Refinance calculator Our loan refinance calculator helps you estimate the potential savings and costs associated with refinancing your existing loan. Page written by Ian Hawkins. Last reviewed on July 16, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Current loan Remaining balance $ . 00 New loan New loan term 20 years Interest rate 5% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Principal/loan amount $0 Monthly payment $0 Length 0 months Total monthly payments $0 Total interest $0 Borrow $ What is Loan refinancing? Loan refinancing involves replacing an existing loan with a new one, often with different terms. The primary goal is...
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### Auto loan calculator
- Published: 2024-03-12
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/business-loan-calculator/auto-loan-calculator/
Auto loan calculator Our auto loan calculator helps you estimate your monthly payments when financing a vehicle. Page written by Ian Hawkins. Last reviewed on July 16, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset How much are you looking to borrow? $ . 00 For how long? 60 months Interest rate 3% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Your estimated monthly payment $0 Total principal paid $0 Total interest paid $0 Borrow $ What are auto loans? Auto loans are a type of financing designed specifically for purchasing vehicles. In Canada, these loans allow you to spread the cost of a...
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### Line of credit calculator
> Our line of credit calculator can be used to estimate your potential borrowing costs and payments for a line of credit. Use it for free here!
- Published: 2024-03-05
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/line-of-credit-calculator/
Line of credit calculator Our line of credit calculator can be used to estimate your potential borrowing costs and payments for a line of credit. It takes into account factors such as the interest rate, credit limit, and repayment terms. Page written by AI. Reviewed internally on July 12, 2024. × Current balance $ . 00 Interest rate 5% Payoff goal 120 months Current monthly payment $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results New monthly payment $0 Borrow $ per month will payoff credit line in months How to calculate line of credit To calculate your line of credit requirements, use the following steps as a guideline:Determine the Interest Rate: Find out the annual interest rate (APR) that applies to your line of credit. Find the Credit Limit: Determine the maximum amount you can borrow from the line of credit. Calculate Interest: Multiply the outstanding balance of your line of credit by the daily interest rate (APR divided by 365). Determine Minimum Payments: Many lines of credit require minimum monthly payments. This could be a percentage of the outstanding balance or a fixed amount. Track Spending: Keep track of your spending and borrowing against the line of credit to ensure you stay within the credit limit and can manage repayments effectively. Monitor Interest Accrual: As you borrow from and repay the line of credit, keep an eye on the...
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### Business loans with a cosigner
> Getting a small business loan with poor credit, lack of collateral, or for a risky type of business can be hard. Learn how a cosigner can help you here.
- Published: 2024-02-26
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/business-loans-with-cosigner/
Business loans with a cosigner Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Getting a small business loan with poor credit, lack of collateral, or for a risky type of business can be very tough. However, in the right circumstances, adding a cosigner to the deal may increase your chances of approval. Add a header to begin generating the table of contents What is a cosigner for a business loan?...
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### Same-day business loan
> Same-day business loans are streamlined to deliver funding within 24 hours of loan approval. Learn more, or apply for same day funding here.
- Published: 2024-02-13
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/same-day-business-loans/
Same-day business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. It may be to fund an emergency or to grab an unexpected opportunity, but there are often moments in business when you need money faster than your cash flow will allow. Same-day business loans are streamlined to deliver funding within 24 hours of loan approval. Get the cash you need quickly with the minimum of fuss. Add a header to begin generating the table of contents What is a same-day business loan? Same-day business loans can give your organisation extra funds when you need them in a hurry. Mostly available from online lenders who have faster application processes, lower documentation requirements and more relaxed qualifying rules, same-day business loans can put the money in your bank account on the same day as approval, or at least within 24 hours. The downside of same-day business loans is that speed comes with a...
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### No collateral business loans
> Lenders often require collateral when small businesses apply for a loan. But what do you do if you don’t have any collateral? Find out here and apply today.
- Published: 2024-02-13
- Modified: 2025-03-24
- URL: https://swoopfunding.com/ca/business-loans/no-collateral-business-loans/
No collateral business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Lenders often demand collateral when small businesses apply for a business loan. But what do you do if you don’t have sufficient collateral, or you don’t want to give a personal guarantee? No collateral business loans are designed to give small businesses the funds they need without signing over their key assets. Read on to learn more about...
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### Vending machine financing
> Modern vending machines can cost anywhere from $3,000 to $5,000 per unit depending on their features. Learn all about funding options available here.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/vending-machine-finance/
Vending machine financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 26, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Vending machines are the stores that never close. Open 24/7 for the sale of food, drinks, candy, toys, and more, they’re a fast and convenient way to buy the things we need. No wonder the Canadian vending machine market was worth more than $289. 3 million in 2023. However, modern vending machines can cost anywhere from $3,000 to $5,000...
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### Tractor trailer financing
> It doesn’t matter if you’re a small or large organization, it doesn't make sense to pay for expensive commercial vehicles with cash. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/tractor-trailer-finance/
Tractor-trailer financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It doesn’t matter if you’re an owner-operator, a small fleet owner, or a large fleet organization, it rarely makes sense to pay for expensive commercial vehicles with cash. Instead, tractor-trailer finance lets you pay for the truck as you use the truck and gives you better control of your working capital. Expand your trucking business without hurting cash flow. Add...
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### Tractor financing
> Tractor financing – also known as equipment financing – is a type of business loan used to support the purchase of tractors. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/tractor-finance/
Tractor financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Tractor financing – also known as equipment financing – is a type of business loan used to support the purchase of new or used tractors. This type of financing lets you use the equipment as you pay for the equipment. Buy one or more tractors without putting strain on cash flow. There are two types of tractor financing:Finance (also known...
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### Forklift financing
> Forklifts are important equipment for all types of organization, but with prices ranging from $15,000 - $50,000, they don’t come cheap. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/forklift-finance/
Forklift Financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Forklifts are essential business equipment for all types of organization, but with sticker prices ranging from $15,000 to $50,000, they don’t come cheap. Paying this kind of cost using working capital is not only financially inefficient, it can also be prohibitive. However, there’s an answer to this problem: Forklift financing. Pay for the equipment as you use the equipment. Give...
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### Business line of credit
> Ideal for businesses that want maximum financial flexibility, a business line of credit can give you all the funds you need when you need them. Learn more here.
- Published: 2024-02-09
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/business-line-of-credit/
Business line of credit requirements Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Ideal for businesses that want maximum financial flexibility, a business line of credit can give you all the funds you need when you need them, lower your borrowing costs, and provide perfect peace of mind. Add a header to begin generating the table of contents What is a business line of credit? A business line of credit – also known as a revolving line of credit - is a business loan that functions like a high-value business credit card. Unlike a standard term loan, where you get all the cash in one lump sum, revolving credit lines allow businesses to withdraw as much as they want – up to their credit limit - from a floating loan account. The key benefit of this type of borrowing is that you only pay interest on the amount you withdraw, not the...
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### Excavator financing
> Excavators can be some of the most useful heavy machinery you can get, but they come at a cost. Read our full guide on excavator financing here.
- Published: 2024-02-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/excavator-finance/
Excavator financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Excavators – also known as diggers or mechanical shovels – can be some of the most flexible and useful heavy machinery you can get. Operated by industries as varied as construction, agriculture, forestry and mining, they can be the powerhouse of any business. However, diggers don’t come cheap and paying for this type of heavy machinery with working capital can...
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### Dump truck financing
> Dump trucks can cost from a few thousand dollars up to over $200,000, but as an all-purpose workhorse they’re pretty tough to beat. Get funding here.
- Published: 2024-02-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/dump-truck-finance/
Dump truck financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Dump trucks can cost from a few thousand dollars up to $180,000 or more, but as an all-purpose workhorse they’re pretty tough to beat. However, paying for this kind of equipment with working capital is financially inefficient and can often be prohibitive. Fortunately, there’s an answer to this problem: Dump truck financing. Pay for the equipment as you use...
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### Commercial fleet finance
> Buying new business vehicles like trucks, vans and bulldozers don’t come cheap. Fortunately, commercial fleet finance relieves the strain of these assets.
- Published: 2024-02-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/commercial-fleet-finance/
Commercial fleet finance Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset New business vehicles don’t come cheap and buying big ticket items like trucks, vans and bulldozers out of working capital can impact business efficiency and often be prohibitive. Fortunately, there’s a solution to this problem: Commercial fleet finance. Give your organization the vehicles it needs without hurting cash flow. Add a header to begin generating the table of contents...
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### Cash flow calculator
> Our cash flow calculator can be used to estimate the amount of money coming in and going out of a business over a specific period. Use it free here.
- Published: 2024-02-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/business-loan-calculator/cash-flow-calculator/
Cash flow calculator Our cash flow calculator can be used to estimate the amount of money coming in and going out of a business over a specific period. It typically takes into account income sources, expenses, investments, loans, and other financial transactions to determine the net cash flow. Page written by Ian Hawkins. Last reviewed on July 17, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Step 1: fill in cash inflows Total cash at the beginning of period $ . 00 Operations total received from customers $ . 00 Other cash receipts $ . 00 Sales of property $ . 00 Sale of investments $ . 00 Other activity $ . 00 New borrowing $ . 00 Stock issuing $...
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### Purchase order financing
> Purchase order financing can give you the funds to complete all your orders even if your cash flow is overstretched. Apply with Swoop today.
- Published: 2024-01-30
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/purchase-order-financing/
Purchase order financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Never miss a customer order again. Purchase order financing can give you the funds to complete all your orders even if your cash flow or regular borrowing facilities are overstretched. Add a header to begin generating the table of contents What is purchase order financing? Purchase order financing, also known as PO financing, is a cash advance that lets...
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### Self-employed business loans
> Self-employed business loans can provide a safety net for freelancers, sole traders and independent contractors. Learn more and apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/self-employed-loans/
Self-employed business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What are business loans for self-employed borrowers? Self-employed business loans can provide a vital safety net for freelancers, sole proprietors and independent contractors – covering dips in cash flow, paying unexpected expenses or allowing self-employed entrepreneurs to take their business to the next level and beyond. Use a self-employed business loan to:Support your cash flowBuy equipment, materials and inventoryPay...
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### Payroll loans
> Payroll loans are designed to help you meet your wages bill when your cash flow is weak or seasonal. Read all about them here, or apply today.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/payroll-loans/
Payroll loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many small businesses, their employees are their most valuable assets and keeping these workers happy is key to long-term success. Paying staff on time is an essential part of this process. Payroll loans are designed to help you meet your wages bill when your cash flow is weak, seasonal, or erratic. Add a header to begin generating the table...
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### No credit check business loans
> Securing a small business loan can be a challenge for many organisations, but for business owners with poor credit, it can be extremely tough. Apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/no-credit-check-business-loans/
No credit check business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Securing a small business loan can be challenging for many organizations, but for business owners with bad credit, it can be extremely tough. No credit check business loans may provide a solution to this problem, although this type of financing typically comes with higher costs, shorter terms and lower sums available. Add a header to begin generating...
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### Seller financing
> Seller financing can be a win/win for both buyers and sellers. Read on to learn more about this route to buying the business you’ve always wanted. Get started.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/seller-financing/
Seller financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Getting a traditional business loan to purchase a business can be tough for would-be buyers who lack a ton of cash or less than stellar credit. Seller financing is one solution to this problem; the business seller acts like a bank and gives the buyer a loan to purchase their business. Seller financing can be a win/win for both buyers...
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### Business loans for minorities
> If your business is 51% owned and operated by people of specific ethnicities, you qualify for a minority business loan. Learn more and apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/business-loans-for-minorities/
Business loans for minorities Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It’s seldom easy for small and medium-sized organizations to secure a business loan, but for minority-owned businesses, issues such as limited banking history, imperfect credit and unconscious bias can often make the challenge even tougher. Fortunately, a whole raft of business funding options have sprung up in answer to this problem. Read on to learn more about business...
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### Equipment appraisals
> Business equipment is more than just machinery. Here’s all you need to know about appraising its value, the process, and legal considerations. Read more.
- Published: 2024-01-26
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/equipment-appraisals/
Equipment appraisals: All you need to know Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin Business equipment is more than just machinery, it’s an asset that goes on your balance sheet and can support your business financing needs. Here’s what you need to know about appraising its value. Add a header to begin generating the table of contents What is a machinery & equipment appraisal? Having your business equipment appraised means hiring an expert to provide an unbiased opinion of what it is worth. This independent valuation can be helpful when you are dealing with outside parties who want to be confident that the reported value is accurate and objective. In many cases,...
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### Large business loans
> Although large business loans often are difficult to secure, they can provide the financial heft to propel your organisation to the next level. Read more here.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/large-business-loans/
Large business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Although large business loans are typically more difficult to secure than smaller financing options, thinking very big in business can bring outsize returns. Larger loans can provide the financial heft to propel your organisation to the next level and beyond. Add a header to begin generating the table of contents What is considered a large business loan? A large...
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### How to get an LLC loan
> An LLC loan is a business loan for limited liability companies. Read all about the application process and loan requirements here, or get started with Swoop.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/llc-loans/how-to-get-an-llc-loan/
How to get an LLC business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset An LLC loan is a business loan for limited liability companies. In reality, there is no difference between an LLC loan and other types of business loan. The term ‘LLC loan’ is applied to make it clear that these loans are aimed at business structured as LLCs. Read on to find out more about the...
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### Easy business loans
> Faster, simpler, more flexible. Easy business loans are a perfect funding choice for small business owners who want a loan quickly. Read more here.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/easy-business-loans/
Easy business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Faster, simpler, more flexible. Easy business loans are an ideal funding choice for small business owners who want a loan quickly and without all the fuss. Add a header to begin generating the table of contents What qualifies as an easy business loan? Although there is no official definition of an easy business loan, the term usually applies to...
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### Cash flow loans
> Cash flow can make or break any business, and poor cash flow is the main reason many small businesses fail. Read more here and apply today.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/cash-flow-loans/
Cash flow loans for small businesses Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Cash flow can make or break any business, and poor cash flow is the biggest reason many small businesses fail. When money is going out faster than you can get it in, you have a recipe for disaster, but cash flow loans are designed to eliminate this problem – providing short to medium-term financing that can...
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### Asset finance
> From Vancouver to Calgary, Toronto to Montreal, all the way to St. John’s, asset finance is a fast-growing choice for Canadian small and medium-sized businesses
- Published: 2024-01-23
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/
Asset finance explained Want to buy or lease hard assets for your business? Or perhaps you have assets you wish to borrow against? Asset finance might be the solution. Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 17, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin From Vancouver to Calgary, Toronto to Montreal, all the way to St. John’s, asset finance is a fast-growing choice for Canadian small and medium-sized businesses. The reason is simple: asset finance makes it easier to acquire big-ticket items such as vehicles, buildings and equipment. Instead of paying one large sum upfront, you can spread the cost over time. Or, if you already own hard assets, you can use asset finance to turn them into liquid cash....
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### Invoice factoring
> Invoice factoring refers to selling unpaid invoices to a company that provides you with cash right away. Learn more about this cash flow boost and apply here.
- Published: 2024-01-22
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/invoice-factoring/
Invoice factoring: The complete guide Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you want to smooth out your business cash flow, invoice factoring is a solution to consider. It can be one of the quickest ways to receive an injection of cash when you need it. Here’s what you need to know. Add a header to begin generating the table of contents What is invoice factoring? Many businesses find themselves in the position of having invoices that are owed to them but not enough cash in the bank when they need it. Invoice factoring refers to selling those unpaid invoices to a factoring company that provides you with cash immediately. You...
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### Invoice discounting
> Invoice discounting means borrowing against unpaid invoices that are owed to you in order to receive your money quicker. Read more and apply today with Swoop.
- Published: 2024-01-22
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/invoice-discounting/
Invoice discounting: What is it? Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you frequently find yourself waiting on clients to pay your invoices, there’s a way you might be able to speed things up. Invoice discounting is like getting a cash advance as soon as you issue an invoice. Here’s how it works. Add a header to begin generating the table of contents What is invoice discounting? Invoice discounting means borrowing against unpaid invoices that are owed to you in order to receive your money faster. It’s called “discounting” because, although you are able to access your funds more quickly, the amount you receive will be discounted by a fee that...
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### Accounts receivable financing
> Accounts receivable financing means using your unpaid invoices as collateral to borrow money. Read more about this type of financing and apply here.
- Published: 2024-01-22
- Modified: 2025-03-24
- URL: https://swoopfunding.com/ca/business-loans/accounts-receivable-financing/
Accounts receivable financing Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 17, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you’ve ever looked into business financing, you may have run up against the requirement for collateral. While that usually means pledging real estate or other property as security for the loan, your outstanding receivables might also do the trick. Keep reading for more. Add a header to begin generating the table of contents What is accounts receivable financing? Accounts receivable financing means using your unpaid invoices as collateral to borrow money. If your business sends out invoices on a regular basis, accounts receivable financing is like having access to a series of cash advances secured by those invoices. Accounts receivable financing...
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### Delayed draw term loan
> Delayed draw-term loans provide access to a pool of funds as and when you need them, and you only pay interest on the borrowed funds you withdraw. Apply here.
- Published: 2024-01-17
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/delayed-draw-term-loan/
Delayed draw term loan: A comprehensive guide Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. If you’re an entrepreneur looking for the perfect business opportunity, how much easier would your search be if you knew you definitely had the funds to quickly close the deal instead of waiting for a lender’s approval? Delayed draw-term loans can provide access to a pool of funds as and when you need them, and you only pay interest on the borrowed funds you withdraw. If this sounds like your perfect financial solution, you aren’t alone. DDTLs are now commonly used to finance all kinds of business opportunities by organizations large and small. Read on to find out more about DDTLs, how they work and what they can do for you. Add a header to begin generating the table of contents What is a delayed draw term loan? A delayed draw term loan (DDTL) is a term...
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### Amortization calculator
> An amortization calculator is a financial tool designed to help businesses in understanding and planning the repayment of loans over time. Try ours today.
- Published: 2024-01-16
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/business-loan-calculator/amortization-calculator/
Amortization calculator An amortization calculator is a financial tool designed to assist businesses in understanding and planning the repayment of loans over time. It helps seeking clarity on your repayment journey and making informed financial decisions. Page written by Ian Hawkins. Last reviewed on July 9, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Loan amount $ . 00 Loan term 20 years Interest rate 4% Loan start date This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Monthly payment $ Total interest paid $ Total cost of loan $ Number of payments Payoff date Borrow $ Chart Schedule How payments change over the life...
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### LLC loans
> An LLC loan is a business loan for limited liability companies. Find out more about LLC loans, the application process, or apply today.
- Published: 2024-01-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/llc-loans/
LLC loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Since their origin in 1977, Limited Liability Companies – LLCs – have become the number one company structure choice for millions of new Canadian businesses. Easy to set up and providing liability protection for their owners, LLCs can provide a compact and safer way for entrepreneurs to pursue their business dream. Needless to say, where businesses lead, finance is never...
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### Flexible finance
> Flexible financing can put businesses in better control of their money, giving them options if circumstances change. Learn more and apply here.
- Published: 2024-01-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/flexible-finance/
What are flexible financing options? Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Not so long ago, there was almost zero flexibility in commercial finance for small and medium-sized Canadian businesses. Banks and credit unions set the rules and businesses were typically given fixed term loans with regular payment schedules and no leeway if the business landscape changed. However, that was then. Now, with online lenders driving the rapid expansion...
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### Commercial finance
> If you own or run a business you may have heard the term ‘commercial financing’. But what does it mean, how does it work and is it right for you? Read more.
- Published: 2024-01-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/commercial-finance/
Commercial financing: All you need to know Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset If you own or run a business you’ve probably heard the term ‘commercial financing’ before. But what does it mean, how does it work and is it right for your business? Well, wonder no more. Read on to find out all you need to know about commercial financing - and how you can make the...
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### $100,000 or less business loan
> If you are looking for a business loan up to $100,000 but aren't sure where to start, look no further. Read all about it and get started today.
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/best-business-loans-100000-or-less/
Best small business loans for $100,000 or less Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 16, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Supporting big expansion plans, making key acquisitions, ramping up production, or simply restructuring your business finances can often be tough using only working capital – which is why many organizations turn to business loans of $100,000 or less to fund their plans and growth. Read on to learn more about these types of finance,...
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### $1million business loans
> $1,000,000 business loans can be obtained from banks, credit unions, lending marketplaces & online lenders. Apply or find out more here
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/1-million-business-loan/
How to get a $1million business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 16, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Regardless of the type of industry they operate in or what they do or sell, there comes a time where almost every successful business needs money faster than cashflow can provide. Supporting big expansion plans, making key acquisitions, ramping up production, or simply clearing expensive short-term debt and restructuring finances can be tough to achieve...
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### Bad credit business loan
> Even if you have bad credit, or if you’ve been turned down elsewhere, it may still be possible to get the funding you need. Learn more & apply today.
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/bad-credit-business-loans/
Bad credit business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It only takes one financial misjudgment or a streak of bad luck to see your good credit turned into bad credit and then you’re locked out from many types of business loan. However, it doesn’t have to be like that. Even with bad credit (or no credit) you may still be able to secure the financing you need....
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- [How to buy a business with bad credit](https://swoopfunding.com/ca/blog/how-to-buy-a-business-with-bad-credit/): Don’t let bad credit stand in the way of a great business. You may have to clear some extra hurdles to secure the financing you need, but it can be done.
## Blog
- [How to agree to a business sale price](https://swoopfunding.com/ca/blog/how-to-agree-to-a-business-sale-price/): You’ve finally found a business that you want to buy. Now it’s time to agree on a purchase price. Here’s how to negotiate with confidence.
### Business tax prep made easy: Your key to a smooth tax season
> At Swoop, we understand the demands on your time and resources, and we're here to offer guidance to help you navigate the upcoming tax season with confidence.
- Published: 2025-04-07
- Modified: 2025-04-16
- URL: https://swoopfunding.com/ca/support-for-small-businesses/tax-prep-made-easy/
- Category: SME support
Our best practice guide helps you get your finances in order and avoid tax season stress. An important time of the year approaches for Canadian business owners: tax season. While it might not be as fun as Halloween or as hot as Canada Day, you’ll find that being prepared will help you experience a smooth and stress-free process. At Swoop, we understand the demands on your time and resources, and we're here to offer guidance to help you navigate the upcoming tax season with confidence. This blog post will highlight key areas to focus on and provide actionable tips to ensure you're equipped for success. Understand tax deadlines: mark your calendar! Missing tax deadlines can lead to penalties and unnecessary stress. It's vital to be aware of the crucial dates for your business. Here are some key deadlines to keep in mind (refer to the official CRA website for the most up-to-date information):Corporate Income Tax Filing: Generally, corporations have six months after the end of their tax year to file their income tax return. However, payment deadlines might be different. HST/GST Remittances: The frequency of your HST/GST remittances (monthly, quarterly, or annually) depends on your annual taxable supplies. Ensure you know your reporting period and the corresponding due dates. Payroll Deductions: If you have employees, remember the regular deadlines for remitting payroll deductions to the CRA. Bookmark this helpful resource from the Canada Revenue Agency for a quick reference on business filing and payment deadlines. Proper record keeping is the...
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- [Complete guide to vendor financing](https://swoopfunding.com/ca/blog/complete-guide-to-vendor-financing/): When it comes to acquiring an existing business, the seller can actually be one of the most flexible sources of funding. Here’s a complete guide to vendor financing
### Navigating tariffs: Smart growth strategies for North American SMBs
> Tariffs might hike your cost of goods, but that doesn't mean your profits have to suffer. It's time to get focused on maximizing every dollar. Read how here.
- Published: 2025-04-04
- Modified: 2025-04-04
- URL: https://swoopfunding.com/ca/support-for-small-businesses/navigating-tariffs-smart-growth-strategies/
- Category: SME support
If the uncertainty brought on by tariffs has you worried, Swoop has 5 practical steps you can take to protect your business. Tariffs are a growing factor in the North American business landscape, ushering an uncertainty that can have a major impact on your business. You may be anticipating squeezed margins, worried about your bottom line and feeling helpless. When the big picture changes, so should your strategy. By taking a proactive stance, you can not only help your business survive but actually position it for growth in these evolving times. Let's look at five practical steps you can take right now: 1. Get to grips with your profit margins Tariffs might hike your cost of goods, but that doesn't mean your profits have to suffer. It's time to get laser-focused on maximizing every dollar: Smarter discounting: Ditch the blanket discounts that eat into your earnings. Instead, price based on the true value you deliver, reserve discounts for strategic purposes (such as high-margin products or bundles), and reward loyal customers in ways that protect your profitability. Use employees’ insights: Your team sees the day-to-day inefficiencies you might miss. Encourage them to identify waste, suggest cost-saving alternatives for materials and logistics, and even consider a reward program for the best ideas. Trim costs: When was the last time you audited your insurance costs, foreign exchange spend and banking fees? A quick review could uncover significant savings by negotiating better rates, eliminating unused services, or exploring more cost-effective platforms. Swoop makes it...
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- [Pros and cons of buying a business: is it right for you?](https://swoopfunding.com/ca/blog/pros-and-cons-of-buying-a-business-is-it-right-for-you/): There’s no question that you have an entrepreneurial spirit. The question is whether you should buy an existing business or start a new one from scratch.
### Tariffs on pause: is your business ready for the possibility of price hikes?
> The threat of tariffs on imported goods has created huge uncertainty for everyone – with small and medium-sized businesses (SMBs) across North America bearing the brunt of it.
- Published: 2025-02-04
- Modified: 2025-02-04
- URL: https://swoopfunding.com/ca/blog/tariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes/
- Category: SME support, Swoop guides, News
The threat of tariffs on imported goods means that many businesses will be impacted. Consumers will see prices rise, will businesses find their margins squeezed? The threat of tariffs on imported goods has created huge uncertainty for everyone – with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While blanket increases of up to 25 percent on goods and raw materials have been postponed (for now), businesses that rely on imports for part of their manufacturing or business operations will quickly feel the impact: strained cash flow and squeezed profit margins will force difficult decisions for business owners. Costs will go up which will provoke changing behaviour from customers, leading to SMB owners concerned about how to manage their funding requirements in this new economic landscape. In the short term, the uncertainty is almost as disruptive as the tariffs themselves. But the delay does mean SMB owners can take measures to cushion the blow when (if) it lands. Understanding the impact Tariffs, essentially taxes on imported goods, directly increase the cost of doing business for many SMBs. If your business relies on imported raw materials, components, or finished goods, you're likely facing higher expenses. This can lead to: Increased production costs Price increases as these costs are passed onto consumers Reduced competitiveness, especially if other businesses in your market have stockpiled products or sourced from countries not affected by tariffs Managing Funding Requirements Clearly, this places affected business owners in a difficult position and there...
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### Should you borrow to grow your business? Swoop’s five-point checklist will help you decide
> Should you get a loan to grow your business? Swoop’s five-point checklist is designed to help you decide whether borrowing is the right choice for your business
- Published: 2025-01-23
- Modified: 2025-01-30
- URL: https://swoopfunding.com/ca/blog/should-you-borrow-to-grow-your-business/
- Category: SME support, Swoop guides, Loans
Everyone will tell you to borrow for your business, but is it the right strategy? There are thousands of financial products on the market - from credit cards to commercial mortgages - and businesses make their money when you borrow.   But should you be borrowing in the first place? Unlike personal borrowing, business borrowing should be considered an investment that will have a positive return. For example, a new vehicle may be cheaper to run, project a more professional image or expand your existing fleet, meaning you can serve more customers.   Swoop’s five-point checklist is designed to help you decide whether borrowing is right for your business. Question 1: Is there a specific, clearly defined business need for the borrowed funds? No: Reevaluate the need. Borrowing for unclear or non-essential purposes is generally unwise as you will be making repayments long after the funds have been used. Yes: Proceed to Question 2. Question 2: Can this need be met with existing funds (savings, retained earnings, etc. )? Yes: Consider using existing funds to avoid incurring debt - though make contingencies for unexpected expenses and ensure you maintain a buffer to protect you against dips in income.   No: Proceed to Question 3. Question 3: Does the potential return on investment (ROI) from the borrowed funds outweigh the cost of borrowing (interest rates, fees)? No: Reassess the investment opportunity or seek alternative funding sources, such as grant funding. Yes: Proceed to Question 4. Question 4: Is the business financially...
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### Making the business case for your RSVP this holiday season
> Events are a great way to make connections that will benefit your business - you just need to make sure you approach them properly
- Published: 2024-11-21
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/blog/networking-101
- Category: Swoop guides, Blog
Events are a great way to make connections that will benefit your business - you just need to make sure you approach them properly. This time of year is party season: between September and New Year’s Day, you’ll find many calls on your downtime. But can you justify slipping out from work early to put on your glad rags? What about the loss of productivity the next day when you’ve got a dry mouth and a stubborn headache? There are good reasons for saying “yes” to the right invitations: you could find yourself making new connections outside your usual circle, or strengthen old relationships (I’m often finding myself speaking with people I’ve met peripherally elsewhere). Help is at hand. As Swoop’s #1 Champion Networker, here are my top tips for getting the most out of a networking event. Understand the tone Getting the tone right is everything. Some events are more sociable and some are more business-focused. Why does this matter? Because it informs a lot about your approach: what you can expect to get out of it, how you’ll approach people and even what you wear. Can you go straight from the office with a pocket full of business cards? Or do you need to spend a bit more time getting ready? You can get some mileage out of confounding expectations - I once saw a woman in the construction business wearing a pair of steel-toed boots with her designer ballgown. An unforgettable look. You might need to read...
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### What's a good credit score and how can I improve it?
> Short answer: A ‘good’ credit score is anything 700 or above. But, of course, there’s so much more to it than that. Read more about improving your score here.
- Published: 2024-10-03
- Modified: 2025-01-02
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-credit-score/
- Category: Credit score, SME support, Swoop guides
Short answer: A ‘good’ credit score is anything 700 or above. But, of course, there’s so much more to it than that. Credit scores range between 300 and 900, with higher scores indicating a better credit history. And if you’re thinking a personal credit score has little effect on you as a business owner, think again. Like a business credit score, a good personal credit score can mean approvals for business financing, better terms on loans, higher credit limits, and fewer hoops to jump through in the funding process. At Swoop, we want our clients to feel empowered when they're on the hunt for funding. One of the ways to do this is by knowing and strengthening your credit score, long before you need to use it. Keep reading to learn more about: Why a good credit score is important What affects your score How to improve your credit score How Swoop can help even if you do not have stellar credit Why is a good credit score important? Your credit is important because it is one of the main factors lenders look at first to determine how you’ve managed money in the past. As the saying goes, your past behavior is the best predictor of future performance. A good credit score can open doors to financial opportunities that can fuel your business's growth and success. A good credit score opens up valuable opportunities for your business. With it, you can access better loan options, enjoy faster approvals, and secure...
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### What documents do you need for your funding application? A business owner's guide
- Published: 2024-10-02
- Modified: 2024-11-18
- URL: https://swoopfunding.com/ca/business-loans/what-documents-do-you-need/
- Category: SME support, Loans
Making applications is quicker and less hassle when the information you need is already at hand Your business needs funding, but the phone is ringing. And that new staff member has a question. And your biggest customer is expecting a revised quote by the end of the day... . Making an application for funding feels like it’s going to be hard work before you settle down and get started. But by getting everything that you need together before you begin, you’ll find that you get through it more quickly.   Here are the key documents typically requested by lenders, investors and grant awarding bodies: Financial Documents Profit & Loss statement: This document shows your business's revenue, expenses, and net profit over a specific period. Balance sheet: A snapshot of your business's financial health, including assets, liabilities, and equity. Cash flow statement: This statement reveals your business's inflows and outflows of cash. Tax returns: Corporate and personal tax returns can provide valuable insights into your financial history. Profit and loss projections: Forecasts of your future income and expenses. Business Plans Business plan: A detailed outline of your business, including its mission, goals, market analysis, and financial projections. Executive summary: A concise overview of your business plan, typically one to two pages long. Legal Documents Articles of incorporation or partnership agreement: These documents establish your business's legal structure. Operating agreement: For limited liability companies (LLCs), this agreement outlines the rights and responsibilities of members. Permits and licences: Any necessary permits or licences...
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### How could your business benefit from Canada’s Small Business Financing Program?
> Help for SMEs is available - and this government-backed scheme is a great place to start your funding journey. Find out more here, or get started with Swoop.
- Published: 2024-06-12
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/canada-small-business-financing-program/how-could-your-business-benefit-from-csbfp/
- Category: SME support, Swoop guides, Loans
Help for SMEs is available - and this government-backed scheme is a great place to start your funding journey Most business owners find that their ambitions for their businesses are held in check by the funding they are able to access. Getting the capital your business needs to get off the ground - or to the next stage of growth - can be a major hurdle. The good news is that there's a program out there specifically designed to help businesses: the Canada Small Business Financing Program (CSBFP). Here are the reasons why CSBFP is a popular choice for business owners: Easier Loan Access: as a government-backed program, there is a reduced risk for lenders, making it easier for you to secure a loan from banks and credit unions. Types of Loans: the CSBFP offers two main options: term loans and lines of credit. Term loans are for one-time expenses like equipment or renovations, while lines of credit provide ongoing access to funds for things like working capital. Maximum Amounts: you can qualify for a CSBFP term loan of up to $1 million, with a portion dedicated to working capital and intangible assets. Additionally, there's a separate line of credit option for working capital needs,with a maximum of $150,000. Eligible Expenses: the CSBFP can be used to finance a variety of business needs, including purchasing land or buildings, equipment, leasehold improvements, and intangible assets like software. Which Businesses Qualify for CSBFP? Small and Mid-Sized Businesses: The CSBFP is designed to...
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### Open Banking – what is it and how does it work?
> Fast, efficient and more innovative than traditional financial systems, Open Banking puts the customer firmly in control. Learn more about how it works here.
- Published: 2024-05-21
- Modified: 2024-05-23
- URL: https://swoopfunding.com/ca/blog/open-banking/
- Category: SME support, Swoop guides, Blog
Open Banking has changed the way Canadian businesses and individuals can use and grow their money. Fast, efficient, and more innovative than traditional financial systems, Open Banking puts the customer firmly in control. But what exactly is Open Banking, how does it work, and what can it do for you? Read on to find out all you need to know about this financial revolution. What is Open Banking? Open Banking has been gaining traction in Canada, following similar implementations in other parts of the world. It allows major banks to let you electronically share your financial data with other third-party financial providers. Your permission gives these entities ‘read only’ access to your banking data, such as transactions, payments, and available balances, allowing you to obtain financial services and conduct transactions without the hassle of visiting your bank. With Open Banking, you don’t need to fill out lengthy forms to provide third-party apps or websites with the data they need. Once you’ve given permission through your bank’s mobile or online banking, these services can access the necessary information directly. Examples of Open Banking Open Banking is used by many thousands of businesses and millions of individuals every day and for literally hundreds of different uses. Here are four examples of Open Banking in action: Business and Personal Finance Management: Data aggregation enables companies to access and combine customer bank account data, such as savings balances, to provide tailored support with money management and actionable insights. Proof of Income: Crucial for many...
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### How do small business loans work
> A business loan is a specific type of financing designed to meet the financial needs of a company. Read all about how it works here.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-do-small-business-loans-work/
- Category: SME support, Swoop guides, Blog
Securing a business loan can be a pivotal step for small and medium-sized enterprises (SMEs) aiming to grow or sustain their operations. Understanding the timeframe and process involved in obtaining financing is crucial for effective planning and decision-making. Here at Swoop, our experts wanted to provide a detailed explanation of this topic, helping business owners navigate the complexities of securing a business loan efficiently. What is a business loan? A business loan is a specific type of financing designed to meet the financial needs of a company. It provides businesses with the capital necessary to fund operational costs, expansion efforts, or equipment purchases, allowing for growth and sustainability without depleting cash reserves. How do business loans work? Business loans work by providing a lump sum of money or a credit line to businesses in exchange for repayment over time, with interest. The terms of the loan, including repayment schedules and interest rates, vary widely depending on the lender and the borrower's financial health. What are business loans used for? Business loans can be used for a wide range of purposes, from bridging gaps in cash flow and purchasing inventory to financing large-scale expansion projects and acquiring new equipment. Each loan type is tailored to fit different business needs and scenarios, ensuring that companies can continue to operate and expand effectively. What can you not use a business loan for? Typically if it’s unrelated to your business, your business loan shouldn’t be used for it. For clarity on what you can...
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### How long does it take to get a business loan
> A business loan can take anywhere from a day to several months to secure, depending on different factors. Read all about how it works with Swoop.
- Published: 2024-04-16
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-long-does-it-take-to-get-a-business-loan/
- Category: SME support, Swoop guides, Blog
When you're planning to boost your business with some extra funds, one of the first questions you might have is, "How long does it take to get a business loan? " Understanding the timeline can help you plan better and set realistic expectations for your financial strategy. Here at Swoop, our experts wanted to provide a detailed explanation of this topic to guide you smoothly through your funding options. How long does getting a business loan take? A business loan can take anywhere from 24 hours to several months to secure, depending on various factors. The type of lender you choose: Different lenders have different processing times. Online lenders might offer quicker approvals compared to traditional banks. The complexity of your loan application: More detailed and complex applications might take longer to review and process. How prepared you are with the necessary documents: Having all your documentation ready can significantly speed up the process. Step 1: Applying Initially, you'll start with the application itself, which can be a straightforward process, especially with online lenders. Depending on the lender, this step could take less than 30 minutes if you're well-prepared. The key here is to gather all necessary information beforehand to ensure a smooth and swift application process. Information you need to supply: When you're applying for a business loan, you'll need to provide a mix of both personal and professional information to your lender. Here's what you should have on hand: Personal Information: Full name and contact details Social security...
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### How to convert money factor to interest rates
> A money factor, also known as the lease factor, is the financing charge. Read all you need to know about it here.
- Published: 2024-04-15
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-convert-money-factor-to-interest-rates/
- Category: SME support, Swoop guides, Blog
When you’re looking for financing for your business, it’s important to understand how lenders calculate the total cost of the loan. If you plan on leasing or purchasing equipment or vehicles, you’ll probably hear the term money factor.   The money factor is the cost of financing on a monthly lease payment. It’s similar to the interest rate on a payment — but doesn’t incorporate certain fees, making it difficult to predict the true cost of a loan. In this article, we'll break down what the money factor is, how it works, and, most importantly — how to convert it into an interest rate so you can easily compare your financing options.   How do money factors work? A money factor, also known as the lease factor or lease fee, is essentially the financing charge. It’s often expressed as a small decimal, such as 0. 00125 or 0. 0030. Occasionally, the money factor is expressed as a factor of 1,000, such as 1. 5 instead of 0. 0015. The higher the money factor, the higher your total lease payment.   Money factors are most commonly used in car or equipment leasing — or any asset that often depreciates over time. When you take out a loan, your monthly payments include depreciation, taxes, and interest. The money factor will determine the cost of interest. How to calculate a money factor In most cases, the lessor will provide the money factor to you. But it’s helpful to know how to calculate it...
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### What is a personal guarantee?
> A personal guarantee is an extra layer of security for lenders which binds assets to the business’s loan obligations. Read all about how it works here.
- Published: 2024-04-03
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-personal-guarantee/
- Category: SME support, Swoop guides, Blog
A personal guarantee is a legal commitment made by an individual, typically a business owner or executive, to take on personal responsibility for a loan if the business is unable to repay its debt. This means that if the business defaults, the individual is personally liable for satisfying the debt, potentially using their personal assets. Such guarantees are common prerequisites for obtaining business loans, especially for new or financially unstable companies, providing lenders with a layer of security against the risk of non-payment. How does a personal guarantee work? A personal guarantee integrates an extra layer of security for lenders by binding an individual’s personal assets to the business’s loan obligations. Here’s an in-depth explanation: Risk mitigation for lenders: By requiring a personal guarantee, lenders mitigate the risk associated with lending to businesses that might be new or have a less stable financial history. Legal obligation: Once signed, a personal guarantee becomes a legal obligation. If the business fails to meet its loan repayments, the guarantor must cover the debt from personal resources. Asset liability: In enforcing a personal guarantee, lenders can target the guarantor’s personal assets, including savings, investments, and property, to recover owed funds. Types of personal guarantees Personal guarantees vary in terms of the extent of liability and the conditions under which a guarantor might be pursued for repayment. Understanding these differences is important for business owners as they assess their borrowing options. Unlimited personal guarantees Unlimited personal guarantees place the guarantor in a position of maximum...
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### How to price a product
> Product pricing is the process of setting a value for your product or service that your customers are willing to pay. Learn how to do it here.
- Published: 2024-04-03
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-price-a-product/
- Category: SME support, Swoop guides, Blog
Businesses small and large will have their share of problems no matter the industry or profession. Pricing products and services is one that most businesses will empathize with. Understanding how to price your products can make the difference in a long and thriving business or one that struggles to stay afloat.   What is product pricing? Product pricing is the process of setting a value for your product or service that your target market is willing to pay. For example, if you're opening a coffee shop, product pricing comes into play when determining how much to charge for each type of coffee. Likewise, if you own a service-based business, you may opt for a per-project or per-hour pricing scheme.   How should I price my products? When deciding how to price your products, you'll want to consider both your costs and your customer's perception of value. This balance ensures you cover expenses while appealing to your market.   Here's how to start: Evaluate your costs: Know the ins and outs of what it takes to produce your product or deliver your service. Understand your market: Consider what your target customers are willing to pay and how your competitors are pricing similar products. Choose a pricing strategy: Select a strategy that aligns with your brand, market position, and profit goals. If you’re having trouble knowing where to begin, competitor research can give you insight into how pricing is done for your industry and your location. This can also be a great...
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### What is a good profit margin?
> Profit margin is a significant metric that businesses use to measure the profitability of their products or services. Read all about it here.
- Published: 2024-04-03
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-profit-margin/
- Category: SME support, Swoop guides, Blog
Are you a business owner looking to improve your company's financial performance? One crucial metric to consider is profit margin. In this guide, we'll discuss profit margin, its calculation, and why it's so important for investors and business owners. So, let's dive in and learn more about this crucial financial metric. What is a profit margin? Profit margin is a significant financial metric that businesses use to measure the profitability of their products or services. It is calculated as the percentage of revenue that exceeds the costs of goods sold (COGS) and other expenses. This metric provides insights into a business's financial health by indicating how much profit it generates from each sales dollar. A higher profit margin indicates that a company generates more profit than its revenue, while a lower profit margin indicates the opposite. What is a good profit margin? A good profit margin is an ultimate goal for businesses because it directly reflects their ability to generate revenue and control costs. A high profit margin indicates that a business is running efficiently and can keep its expenses low while maximising revenue. This means the company can make the most of its resources and investments, which is crucial for long-term success. On the other hand, a low profit margin can be a warning sign that a business is not operating efficiently and may be struggling financially. It can also indicate that the business needs to price its products or services appropriately or that it needs to be able...
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### How to find angel investors
> If you’re looking for investment in your business, whether you’re just starting out or planning to expand, an angel investor is one potential option to explore.
- Published: 2024-03-20
- Modified: 2024-12-05
- URL: https://swoopfunding.com/ca/equity-financing/how-to-find-angel-investors/
- Category: Equity, Blog
If you’re looking for investment in your business, whether you’re just starting out or planning to expand, an angel investor is one potential option to explore. Beyond simply investing in your business, angel investors can also bring a wealth of experience that could prove invaluable to your business. This guide explains everything you need to know about finding angel investors for your business. What are angel investors? Angel investors, or business angels as they are also called, are high-net worth individuals who are looking to invest in startup or early-stage businesses. In return for their investment, they receive a share of the company’s equity. Some angel investors will choose to invest alone, while others will be part of an angel syndicate (a group of angel investors). An angel investor usually has experience in business and will often have skills, knowledge and networks that can add value to your business and help it succeed. What should you look for in an angel investor? Primarily, you want to find an angel investor with the right amount of cash to invest. But there are also a number of other important factors you need to consider. These include: Industry experience Firstly, you’ll want your angel investor to have experience in the specific industry you work in. This means they’ll understand the challenges you’re likely to face and will hopefully have the skills required to take your business from strength to strength, as well as fill in the gaps you have in your own skillset....
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### How to build your business credit
> Building a strong credit profile is a good choice for any small business aiming for sustainability and growth. Learn how to build it easily here.
- Published: 2024-03-18
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-build-your-business-credit/
- Category: SME support, Swoop guides, Blog
Building a strong business credit profile is a smart choice for any company aiming for sustainability and growth. Just as individuals need good personal credit, businesses must establish and maintain solid credit to access better financing options, negotiate favorable terms with suppliers, and separate personal and business finances. Establishing business credit is a strategic process that can open doors to a multitude of opportunities, ensuring your business can thrive in competitive markets. Why is it important to establish business credit? Business credit is important for several reasons. First, it enables your company to secure loans and lines of credit necessary for expansion or overcoming temporary cash flow issues. A strong business credit score can also lead to lower interest rates, saving your business substantial amounts of money over time. Plus, suppliers and vendors are more likely to offer better terms and credit limits to companies with good business credit. This not only improves your purchasing power but contributes to more flexible cash flow management. Establishing business credit also helps in separating your personal finances from your business operations, thereby protecting your personal credit and assets from business-related risks. What is a good business credit score? A good business credit score varies by credit bureau but generally, scores are viewed this way:  76-100 considered low risk.   Scores above 140 being favorable, though many banks prefer scores above 160 . Does my personal credit matter to my business? Yes, you should always assume your personal credit will factor into how your...
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- [Checklist for buying a business](https://swoopfunding.com/ca/blog/checklist-for-buying-a-business/): Buying an existing business may have advantages over starting from scratch, such as existing operations, customers, and cash flow. See a checklist here.
### Why did my credit score drop?
> Let's unpack the reasons your credit score might drop and understand how it can be a game-changer when seeking funding. Read about it here.
- Published: 2024-03-18
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/why-did-my-credit-score-drop/
- Category: SME support, Swoop guides, Blog
Understanding the dynamics of credit scores can often feel like navigating through a maze, with each turn influenced by various financial decisions and behaviors. For financial advisors and brokers, you’re expected to demystify this journey for your clients, providing them with the clarity and guidance needed to maintain or improve their financial health. Here at Swoop, we recognize the importance of a healthy credit score in securing loans and funding options. We’ll help identify the common reasons behind a drop in credit scores, underscoring the pivotal role such insights play in crafting effective investment strategies. Through Swoop Funding's lens, we aim to illuminate the path for finance professionals, enabling them to leverage our platform's unique opportunities to benefit their clients. Let's unpack the factors that can influence credit score fluctuations and how understanding these can be a game-changer in the financial landscape. What makes up your credit score? Your credit score is composed of five separate categories with different weights. Some affect your score more than others. Payment history (35%) Amounts owed (30%) Length of credit history (15%) New credit (10%) Credit mix (10%) 6 Reasons why your credit score has dropped A credit score is a dynamic metric that reflects your financial reliability. Its fluctuations can impact your ability to access various financial products. For clients navigating the complexities of their financial journey, understanding the reasons behind a credit score decline is crucial. This knowledge not only empowers them but also enables financial advisors and brokers to provide targeted...
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- [Grants newsletter: help with agriculture, energy, development and jobs](https://swoopfunding.com/ca/blog/grants-newsletter-help-with-agriculture-energy-development-and-jobs/): Government money is available to businesses that are essential parts of the economy and in this newsletter we’ve rounded up...
### How to calculate the cost of debt
> The cost of debt refers to the overall cost that a company pays on borrowed money. Find out how to calculate the cost of debt, and the formula here.
- Published: 2024-02-15
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-the-cost-of-debt/
- Category: SME support, Swoop guides, Blog
For small businesses or start-ups, securing funding is the foundation for expanding your company.   Business loans and lines of credit can provide the necessary capital but also come at a cost. Calculating your cost of debt helps you to figure out if taking on debt makes financial sense for your company's situation and future goals.   In this guide, we’ll explore how to calculate the cost of debt, why it matters to your business, and how working with a funding partner like Swoop can optimize the process. What is the cost of debt? The cost of debt refers to the overall cost that a company pays on borrowed money. This includes loans, bonds, credit lines, or any other form of debt financing.   The cost of debt is how much interest a company pays on borrowed money. This includes loans, bonds, credit lines, or any other form of debt financing.   There are two ways most businesses seek new financing — through equity financing or debt equity. With equity financing, an investor will provide capital in exchange for ownership of the company (a percentage of the company’s equity).   With debt equity, a company will receive financing as a loan to be repaid over time with interest. For most loans, the cost of debt depends on the interest rate, closing costs or added fees, and repayment timeline. The higher the interest rate and fees, the higher the total cost of debt.   Why does the cost of debt matter?...
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### Differences between a partnership and corporation
> When starting a small business, one of the most important legal and structural decisions you face is whether to start a partnership or corporation. Read more.
- Published: 2024-02-15
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/differences-between-a-partnership-and-corporation/
- Category: SME support, Swoop guides, Blog
When starting a small business, one of the most important legal and structural decisions owners face is whether to establish a partnership or corporation. The business structure you choose for your small business can impact everything from day-to-day operations, legal protections, taxation, and financing. Understanding key differences will ensure you choose the best structure to achieve your business goals and set your company up for success. What is a partnership? A partnership is a business structure owned by two or more individuals, known as partners. Partners equally share control over business decisions, profits, tax liabilities, and personal legal exposure. Partnerships are popular among smaller companies as they have low startup costs and require little paperwork. Registering a partnership involves filing a partnership agreement outlining profit/loss distribution and partners’ roles and rights. Common types of partnerships include: General partnership: Partners equally own and operate the business while sharing profits and losses. All partners participate in management decisions and carry unlimited personal liability. Limited partnership (LP): Includes at least one general partner who handles management plus limited partners who carry limited liability based on their investment portion. Limited partners typically can’t participate in daily control and operations. Limited liability partnership (LLP): Functions like a general partnership but partners have limited personal liability protection against co-partner malpractice or misconduct. Partners still carry unlimited liability for their own actions. Joint ventures: A project-based partnership where two or more businesses collaborate temporarily for a specific purpose under shared management and profit goals. Partnerships are easy...
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### At the end of the financial year: Are you ready for the year ahead?
> Whether last year was your best year, yet, or you are amazed to have survived, a large part of what happens in the future is in your hands. Read more here.
- Published: 2024-02-14
- Modified: 2024-12-02
- URL: https://swoopfunding.com/ca/blog/ready-for-the-year-ahead/
- Category: Swoop guides, Blog
Swoop looks at how businesses can take advantage of opportunities and make themselves more resilient in the new year. Whether last year was your best year, yet, or you are amazed to have survived, a large part of what happens in the future is in your hands. Will it be business as usual? Or do you hope to implement major changes? Do you need to reach more customers, or do you need to better look after the ones you already have? Are you generating more business or is there already too much to handle? At Swoop, we know small businesses. We speak to all kinds of businesses at different stages in their journey every single day. With the new year just around the corner, we wanted to share some of the ideas that have helped businesses overcome tough times and grow. Disclaimer: Every business is different, there is no “one size fits all”, so take only what is useful to you from this blog. Approaching year-end Have you ever noticed that when you impose a hard deadline, such as the end of the year or a period of leave, things get done? The lesson here is to impose more hard deadlines. Between now and the end of the year, you should ensure your financial housekeeping is in good order: Close the books accurately: Ensure your financial records are complete and up-to-date. Make sure you reconcile bank statements, categorize all transactions and prepare accurate financial statements such as profit and loss...
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### What is a DUNS number?
> A DUNS number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet. Learn all about it here.
- Published: 2024-02-09
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/what-is-a-duns-number/
- Category: SME support, Swoop guides, Blog
A DUNS (Data Universal Numbering System) number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet, a leading business information provider. This number is used to track your company's credit and financial history, as well as to verify your business's identity and legal status. As a small business owner in Canada, you might have heard of the term "DUNS number," but do you know what it really means or why it's important for your business? Keep reading as we explain everything you need to know about DUNS numbers, including who requires them, their advantages for your business, and how you can acquire one. Unlocking the benefits of a DUNS number Having a DUNS number for your business has several benefits. Firstly, it helps you establish credibility and trust with potential partners, suppliers, and customers by showing that your business is legitimate and serious about doing business. Secondly, it makes it easier for other companies to find and assess your company's creditworthiness, which can be helpful when applying for loans or seeking investment. In addition, having a DUNS number can open doors to government contracts and other business opportunities. Many government agencies and private companies require businesses to have a DUNS number to be considered for contracts or other partnerships. Obtaining a DUNS number is a smart move for any business looking to expand its reach and build a strong reputation within its industry. With its ability to enhance credibility, attract new customers and partners, and unlock new...
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### Income statements: The full guide
> An income statement is one of the three main financial reports for your business. Find out all you need to know about the income statements here.
- Published: 2024-02-07
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/income-statements-explained/
- Category: SME support, Swoop guides
An income statement is one of the three main financial reports for your company. It holds vital information about your business such as revenue and expenses – painting a clear picture of the company's profitability and operational efficiency over a specific period. This document serves as an essential tool for business owners, investors, and financial advisors to assess financial performance and make informed strategic decisions. Let's unpack the details of the income statement, including what it is, its importance and how to successfully prepare one.   What is an income statement? An income statement, also known as a profit and loss statement, is a fundamental financial document that provides a snapshot of a company's financial performance over a specific period. This statement records all revenues and expenses of the business, ultimately revealing the net profit or loss incurred. What does an income statement look like? An income statement consists of revenue, expenses and profits. Each section holds different line items that will convey the money earned (revenue), the money spent (expenses) and how much of the money you retained (profits. ) See the image below for an example of what a simple income statement would look like.   Source: Swoop Funding. com What does an income statement include? Every company is different and will prepare their income statement depending on their industry and business accounting practices. But the main components of an income statement should be similar to the following: Sales or revenue Cost of goods sold (COGS) Gross profit...
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### What are assets, liabilities and equity?
> Assets, liabilities and equity are three elements of a company's balance sheet. Learn ut all you need to know about them here, alongside their uses.
- Published: 2024-02-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/what-are-assets-liabilities-and-equity/
- Category: SME support, Swoop guides
Assets, liabilities and equity are three core elements of a company's balance sheet. They offer a look at what your company owns, owes and allows you to know the true performance both past and present so you can make strategic plans for the future.   Examples of assets, liabilities and equity Assets, liability and equity all have their differences but they overlap and weave together on your balance sheet. Being able to organize them correctly will make the difference in a correct balance sheet or a clustered one. Let’s look at them individually.   Assets Assets simply put are what you own. They are thel resources a company owns and uses for its operations, contributing to revenue generation. They are broadly categorized into: Current assets: Easily convertible into cash within a year. Cash and cash equivalents Accounts receivable Inventory Non-current or fixed assets: Long-term investments, offering benefits beyond one year. Property, plant and equipment (PP&E) Intangible assets (e. g. , patents, trademarks) Long-term investments How to calculate total assets The total assets of a company are the sum of its current and noncurrent assets. The formula is straightforward: Total assets = Current assets + Non-current assets Let’s take this formula and consider a simplified scenario for a business.   Current assets: Cash: $20,000 Accounts receivable: $15,000 Inventory: $10,000 Non-current assets: Property and equipment: $50,000 Intangible assets: $5,000 If you were needing to calculate your total assets, you would use the formula as so:Total assets = $20,000(Cash) + $15,000(Accounts receivable) +...
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### Funding fundamentals for first time founders
> Your number one role as founder is to manage the cash. Whatever your company does, keeping the business solvent is your highest concern. Read more here.
- Published: 2024-01-18
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/funding-fundamentals-for-founders/
- Category: SME support, Loans, Blog
If you’re planning to start your first business in 2024, here’s what you need to know about funding - and why it matters. You have decided to start your own business. First, congratulations! At Swoop we love entrepreneurs, and here’s why: At the start of 2023 there were 5. 6 million small and medium sized enterprises (SMEs), accounting for 99. 9 percent of the business population, three-fifths of employment and around half of revenue in the private sector. SMEs make a huge contribution to innovation, variety and employment. It’s a big, brave move and at Swoop, we salute you. How much money have you got to get going? This is absolutely fundamental. While “regular life” is measured by many metrics such as health, happiness and catching snowflakes on your tongue, when it comes to business, there is a clear line between a company that is a going concern and one that isn’t. And it all comes down to money. Whether this means you have saved six months of salary in your bank account or have secured funds for a management buyout or are investing in a piece of machinery, how you fund your business is important to how you get started and how you keep it going. Half of all businesses fold within five years, so getting the funding right is crucial to making sure you are not one of them. Your number one role as founder is to manage the money. Whatever else your company does, be you a...
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### How to get a startup loan
> Startup loans are a great way for a business to launch with a bang: they are offered at a competitive rate and often come with professional advice. Apply today.
- Published: 2024-01-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-to-get-a-startup-loan/
Every business founder should investigate whether a startup loan is right for them. Startup loans are a great way for a business to launch with a bang: worth up to $25,000 per company director, they are offered at a competitive rate of just 6 percent (at time of writing, January 2024) and often come with mentoring and professional advice. If your business is less than three years old, you should consider this as a source of funding. Let’s look at what you need to have in place to apply and how to maximise your chances of success. Before you apply Craft a solid business plan: a well-written business plan demonstrates your viability and seriousness to lenders. You’ll find plenty of resources and templates online to help you map out your business idea, market analysis, financial projections, and marketing strategy. Assess your financial needs: it’s important to have a plan about how you will use the money. Show how much capital you need for things such as operations, equipment, inventory, and marketing. Overestimating can see you saddled with unnecessary debt, while underestimating can hold back your growth. Boost your credit score: a strong personal and business credit history will stand you in good stead for future borrowing and indicates the general health of your business. Lenders (and potential future investors) consider your credit score to be a key indicator of your ability to manage finances responsibly. Explore funding alternatives: Startup loans should be considered alongside other sources of funding such as...
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### Resolutions for 2024: Don’t do more - do what you do better
> Instead of giving you a list of things to feel guilty about, we’ve put together a list of habits that will help your business grow. Read more here.
- Published: 2023-12-08
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/resolutions-for-2024/
- Category: SME support, Blog
If your good intentions evaporate before February, here are some tips to embed better habits for the year ahead. At Swoop, we know that telling you to adopt some new years resolutions is pointless: they never last beyond the second week in January, and besides, founders have enough to do without quitting chocolate. Instead of giving you a list of things to feel guilty about not doing, we’ve put together a list of habits that will actually help your business grow in the next 12 months - and won’t be difficult to keep up. We’ve put together a mix of regular habits and some one-off tasks that you can come back to in the spring when enthusiasm is picking up again. 1. Manage your time Remember why you wanted to start your own business? It was to be in control of your own income, time and life. It’s too easy for “urgent” tasks to squeeze out the “important” tasks. So audit the time you’re spending, make sure you’re doing the right thing by yourself and re-set boundaries where you have to. They say that investing in yourself is never a waste of time or money, so make sure you’re taking time out to look after yourself physically and mentally. Make a list of the things you don’t enjoy doing, things you’re not good at and things that take you more time than they should - and delegate, automate or eliminate. This will free up time to... 2. Read more Reading...
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### Debtor days: All you need to know
> Cash flow is one of the indicators that a business is doing well. Pay attention to debtors day to make sure your company is healthy. Learn more here.
- Published: 2023-11-24
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/debtor-days/
- Category: SME support, Blog
Cash flow is one of the key indicators that a business is doing well. To ensure your company’s financial health, you need to pay attention to the fundamentals including debtor days. What are debtor days? Debtor days is the average time it takes for customers to pay their invoices. The sooner they pay, the stronger your cash flow. If clients keep on delaying payments, it may cause problems like increased debt, costly overdrafts, delayed payroll and vendor payments, and missed growth opportunities. Why are debtor days important? It’s important to find a way to limit the number of debtor days to keep your business’ cash flow healthy. Don’t wait until your working capital is fully stretched due to delayed client payments. Debtor days indicate your company’s liquidity, and it measures your business’ ability to handle unexpected costs and sustain your day-to-day operations. Make sure to calculate and track your debtor days, so you can stay on top of your business and take action before serious cash flow problems arise. The shorter the debtor days, the better. How do you calculate debtor days? Manage your receivables well and improve your company’s liquidity by calculating and monitoring this important metric. Debtor days formula Just follow this formula to calculate your debtor days ratio. Debtors days = (average account receivables / annual total sales ) x 365 days For example, if your average account receivables is 3,000,000 and the annual total sales is 20,000,0000, your debtor days is 54. 75 days Debtors days...
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### Three strategies to hiring the A-team your startup deserves
> Putting together a team could make a big difference when it comes to getting funding. What should you consider when finding your own A-team? Read more here.
- Published: 2023-11-16
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/hiring-an-a-team/
- Category: SME support, Swoop guides, Blog
With VCs keen to work with the best team possible, how do you make sure your talent will attract investors? There is an old saying among VCs that says it’s better to work with an A-team with a B-idea than a B-team with an A-idea. What are the benefits of prioritising the team? Investors need to trust the businesses they work with An experienced team will recognise danger signs early A good team will work together well to resolve issues Putting together a great team could make a big difference when it comes to securing funding. What should you consider when assembling your own A-team to begin with? Here are Swoop’s three strategies for making sure you have the right people around you. STRATEGY #1: Think of your weak spots Your startup will not have the experience or expertise in every field. Be humble, consider which weak spots your startup has and hire to fill those gaps. Some founders may be intimidated by others that have expertise where they are least knowledgeable. Understandably, it can also be very tough to hand over control of your business to others whom they might not know and trust. Consider the knowledge you already have and how long you have spent to acquire this. It is important to be self-aware, think of the value these hires would mean for your startup, rather than shifting your focus to learn the ropes. New hires are important and require extra attention and care. Spend some time on...
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### Are you one of the businesses threatened with closure because you cannot access funding?
> One in ten businesses is said to fail because of funding issues. At Swoop, we’re doing what we can to turn this trend around. Learn all about it here.
- Published: 2023-11-08
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/is-your-businesses-threatened-with-closure/
- Category: SME support, Blog
An astonishing one in ten businesses is said to fail because of funding problems. At Swoop, we’re doing what we can to turn this trend around. According to new research, one in ten Canadian businesses fails because they cannot get enough funding. With SMEs making up a huge proportion of Canada’s businesses, supporting the economy and providing innovation, employment and opportunity across the country, it is no less than worrying that so many of them should be facing closure. The question has to be: why are so many businesses struggling to get the funding they need to survive, let alone thrive? Lack of experience: Many entrepreneurs do not have the experience or knowledge to put together a strong funding proposal. Poor financial planning: Businesses need to be able to demonstrate that they have a clear plan for how they will use the funding and how they will generate a return on investment. Economic downturn: During economic downturns, businesses are often more reluctant to invest in new ventures. Failure to understand the funding market: too many business owners are going to their bank as a first and only option. How can Swoop help your business? Swoop’s mission is to ensure that every business has access to the funding it needs to grow. While there will always be closures - the landscape changes, not every business idea is a good one and competitors will always try to take market share - Swoop is able to help on a number of fronts. First,...
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### How to promote your business
> Promoting your business is important to ensuring customers know what your business offers. Read our full guide on how to promote your business here.
- Published: 2023-10-11
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-promote-your-business/
- Category: SME support, Swoop guides, Blog
If you’re starting a small business, you’re unlikely to have a huge budget to put behind promoting it. That means any dreams of a dazzling marketing campaign might have to be put on hold. But it doesn’t mean you can’t find an effective way to advertise your business and get it noticed. Promoting your business is key to ensuring potential customers know what your business offers and how you can help them. This comprehensive blog offers some top tips on how to start promoting your business locally, via social media and online, as well as tips on what to avoid. Promoting your business: dos and don'ts Before you start, take a look at the following dos and don’ts. Do... Take a look at your competitors to see how they promote their businesses Know your target audience Consider how you will measure the success of your marketing efforts Have a schedule so that you know exactly what will be promoted and when Don’t...   Use jargon and buzzwords that your audience might not understand Get disheartened if things don’t go your way immediately. It can take time to get your promotional activities right and learn from your mistakes Spend time on platforms your target audience doesn’t use Focus all your marketing budget on one area How to promote your business locally As a first step, it’s worth developing a local client base as this can enable your business to grow. It won’t massively eat into your budget and can help you...
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### Nurturing your mental health: 9 ways to manage mental health as a business owner
> Running a business can be rewarding, but it also comes with a lot of challenges that can take a toll on you. Read how to manage your mental health here.
- Published: 2023-10-09
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/mental-health-as-a-business-owner/
- Category: Swoop guides, Blog
Why is mental health important for business owners? Running a business can be immensely rewarding, but it also comes with its unique set of challenges that can take a toll on your mental health. The pressure to make critical decisions, handle financial responsibilities, and manage a team can be overwhelming. In this blog, we'll explore effective strategies for managing your mental health as a business owner. 1. Prioritise Self-Care: Self-care is often underestimated but is essential for maintaining mental well-being. Make time for activities that help you relax. Whether it's yoga, meditation, reading, or simply taking a walk in nature, incorporating self-care into your routine can reduce stress and improve your mental health. 2. Set Realistic Goals: Setting unrealistic expectations can lead to frustration and anxiety. Instead, set achievable goals and break them down into manageable steps. This not only reduces stress but also provides a sense of accomplishment as you reach each milestone. 3. Delegate and Seek Support: You don't have to do everything yourself. Delegate tasks to capable team members and consider outsourcing when necessary. Seek support from mentors, business advisors, or mental health professionals who can provide guidance and a fresh perspective. 4. Maintain a Work-Life Balance: Balancing work and personal life is crucial. Set boundaries for work hours and ensure you allocate time for family, friends, and hobbies. Disconnecting from work during your downtime allows you to recharge and maintain a healthier mental state. 5. Manage Stress: Stress is inevitable, but how you manage it can...
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### How to get investors to say “yes”
> What does it take to get an investor to “yes”? Read all about how to win investors' trust and secure funding here.
- Published: 2023-10-06
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/equity-financing/how-to-get-investors-to-say-yes/
One word. Three letters. But it could be the turning point for your business. What does it take to get an investor to “yes”? In this article we're going to explore the art of winning investors' trust, touching their emotions and triggering their fear of missing out, to secure the crucial funding you require for your startup. . stk-7d4c11f{height:20px ! important} Trust in the investment Your first hurdle as a startup founder is this: Why would someone who doesn’t even know you give you thousands or sometimes millions of pounds? Your pitch deck will do a lot of the ground work here, showcasing your great business with good scalability, commercial traction, and the other vital components. The other part of your issue is why the investors should empathise with you. Being your authentic self is vital in instilling trust and creating a connection with people who are often on the other side of a screen. Transparency is the cornerstone of trust. This means being upfront about your financials, progress, and even the challenges you might face. While it’s important you don’t waste your investors' time with irrelevant information, transparency is about revealing both the good and the bad news. Too often, bad news gets covered up or sugarcoated in hope that things will magically improve; they rarely do, and investors will find out. You need to convince your investors that you are a straight shooter. Otherwise, you are simply setting yourself up for failure. A big challenge is conveying your brand...
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### Canadian small businesses: 10 surprising facts
> Canada's economic success is fueled by its small but mighty businesses! At Swoop, we know SMEs pretty well. But how many of our facts about SMEs do you know?
- Published: 2023-09-21
- Modified: 2024-05-31
- URL: https://swoopfunding.com/ca/blog/facts-about-canadian-smes/
At Swoop we know all about small businesses - do you? Whether you’re a regular at your local mom-and-pop bodega, have a favorite neighborhood restaurant or your kids attend a nearby nursery, chances are that small businesses are part of your life (you might work or run one yourself).   What is an SME? The economy thrives on small and medium-sized enterprises (SMEs - sometimes called small and medium businesses, or SMBs). Canada's economic success is fueled by its small but mighty businesses! With SMEs representing a whopping 99. 8 percent of all enterprises in the country, they're the rocket fuel in the tank of Canada's prosperity. At Swoop, we know SMEs pretty well. But how many of our facts about SMEs do you know? 1. There are over a million SMEs in Canada That’s about one business per 30 Canadians. If you don’t work in one, know someone who works in one or know someone who owns one... how? 2. SMEs are responsible for the majority of Canadian exports Canadian SMEs are ambassadors for our country around the world: SMEs produce 43 percent of all of Canada’s exported goods. In 2020, a massive 48,325 Canadian businesses exported - and 97. 5 percent of those businesses were SMEs. 3. SMEs have created over 10 million jobs in Canada If you have a job, it’s likely with an SME: small and medium-sized businesses employ 88. 3 percent of Canada’s private labor force. 4. More than 50 percent of SMEs have fewer...
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### How to download a bank statement
> If your business uses online banking, there can be times where you need to download a bank statement. Learn all about the process in our guide.
- Published: 2023-09-18
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/how-to-download-a-bank-statement/
- Category: SME support, Swoop guides, Blog
If your business uses online banking, there might be times when you need to download a bank statement. If you’re not quite sure what the process involves or how to go about it, this blog runs through all you need to know. What is a bank statement? A bank statement summarises all of your business transactions over a set period of time. This is usually one month (or 30 days). Whether it’s a paper copy or a digital one, a bank statement enables you to quickly view all the financial transactions that have gone into and come out of your business bank account, as well as what your current bank balance is. Business bank statements provide valuable information and can help you to better manage your business finances, so it’s certainly worth understanding how they work. Some of the information listed on your bank statement includes: Your bank’s information: This might include the name, address and phone number of your bank. Your business information: Including the name of your business and address, plus your account number and sort code. Account summary: This shows the account balance at the beginning and end of the set period (usually a month), as well as the total deposits and withdrawals. Individual transactions: The main part of the bank statement highlights the date, description, amount and account balance after each transaction. How to download a bank statement online Managing your business bank account online makes it quick and easy to view your banking transactions and...
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### Business models: Types, examples, and how to design one 
> All businesses need a business model, no matter what industry they're in. Read more about business models, what they are, and how to design one here.
- Published: 2023-09-18
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/business-models-types-examples-and-how-to-design-one/
- Category: SME support, Swoop guides, Blog
Every business needs a business model, no matter what industry they operate in. Taking the time to assess what type of business model will help you achieve your goals as well as understanding how to design one is key to helping you succeed. Here’s what you need to know. What is a business model? In a nutshell, a business model is a company’s plan for making money. It should outline: What product or service the company will sell How it plans to market it Who the target market is What expenses the company will face How the company expects to make a profit. A business model can help new businesses attract investment as well as motivate team members. It should cover projected startup costs and include a marketing strategy and competitor review. It should help potential investors understand exactly how the business makes money. But business models are also useful for established companies. These businesses should take the time to regularly review and adapt their business model to be able to anticipate trends and challenges that lie ahead.   Keep in mind that while a business model and a business plan are both key elements of your overall business strategy, they are not the same. A business model shows how your business will generate revenue and reach profitability, while a business plan digs a little deeper and looks at how you will implement your business model. This includes looking at operational practices and what goals you need to reach by...
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### How to run a successful business
> You hear the term ‘successful business’ often, but what does that mean? Find out here, and our best tips for running a successful business. Get started.
- Published: 2023-07-12
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-run-a-successful-business/
- Category: SME support, Swoop guides
Millions of businesses were launched in Canada in 2022. They joined the millions of existing organisations that already power our economy. Some of these many businesses will fail, but many others will succeed, with some becoming giants and major household names. But what is it that makes the difference between a business that succeeds and one that doesn’t, and how can you ensure your business is in the winning circle? Read on to discover all you need to know about running a successful business. How do you define 'success' You hear the term ‘successful business’ quite a lot, but what does that mean? For many people, it means a business that makes strong profits and for the owners, delivers wealth and a good lifestyle. However, the truth is, ‘success’ in business can mean many things: It could mean delivering ground-breaking innovation and creating revolutionary products and services. Or it may mean giving your customers the best customer experience possible. For some, like non-profits, success may mean helping others and delivering on a cause or a mission. Or it may just mean you get a lot of satisfaction out of what you do. So, success in business can mean whatever you want it to mean, but no matter what your definition is, sticking to a plan and keeping sight of your goals are essential to succeed.   What are the steps to running a successful business? Building and running a successful business is hard work and if you’re starting a new...
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### Small business bookkeeping: The complete guide
> A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and more.
- Published: 2023-07-10
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/blog/small-business-bookkeeping-the-complete-guide/
- Category: SME support, Swoop guides
A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and structure to business performance, and gives business owners and managers clear sight of how well their business is working. What is bookkeeping? Bookkeeping is a vital role for the smooth functioning of a small business. It involves the day-to-day recording and reporting of an organisation’s financial information, and it is different to accounting, which is the process of using the business’ data to establish its financial position and make decisions about how the finances are managed. Bookkeeping involves a variety of activities, including: Keeping sales and purchase ledgers to track income and expenses Monitoring cash flow Making payments to suppliers  Chasing payments from customers Ensuring the business pays its taxes on time and pays the correct amount due  Claiming tax back against business expenses Managing staff payroll and paying and reporting PAYE to CRA  Why do small businesses need to do bookkeeping? Bookkeeping is necessary for these important reasons: It allows the business to keep on top of money owed to suppliers and from customers, understand its cash position and cashflow, and to measure its financial performance. It ensures the business does not fall foul of late charges or penalties from CRA or miss other mandatory expenses, such as business rates. It gives the business the records and information it will need to secure loans and credit from banks and suppliers, or grants from public sources. It allows the...
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### Best business banking apps
> Modern business is a 24/7 experience, with many UK SMEs working round the clock, or needing access to their money any time of day. See our comparison here.
- Published: 2023-07-10
- Modified: 2024-05-27
- URL: https://swoopfunding.com/ca/business-bank-accounts/best-business-banking-apps/
- Category: SME support, Swoop guides
Modern business is a 24/7 experience, with many UK SMEs working round the clock, or needing access to their money any time of day. Business banking apps are the digital passport to complete banking freedom, giving account holders control of their cash, anytime, anyplace, anywhere. Read on to learn more about the UK’s best business banking apps and how they can unlock a whole new world of business opportunities.   What is a business banking app? It’s a digital banking application that operates via your mobile phone or as a desktop version that you can access via your computer. Business banking apps give the account holder real-time access to their money, plus a host of banking services, such as payments, transfers, transaction histories, loans, automatic invoicing, and foreign currency exchange. Business banking apps are operated and provided by two types of financial institution – the traditional high street banks, and ‘challenger banks’ who are the newer, digital rivals attempting to revolutionise the way UK SMEs bank. Many of the challengers do not call themselves banks, they prefer to be known as ‘digital platforms’, but the services they offer often mimic those provided by the old guard such as Santander and Barclays Bank. Why use a business banking app? In a word, convenience. Since the arrival of true open banking in 2005 it has become much easier for SMEs to access their business bank account, and now, businesses – limited companies, sole traders, freelancers and gig workers – expect to be...
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### Soft asset finance: What you need to know
> Soft assets refer to intangible assets that hold significant value for businesses. Read more about soft assets and get started with Swoop.
- Published: 2023-06-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/soft-asset-finance/
- Category: SME support, Swoop guides, Asset finance
When it comes to financing your business, it's important to understand the concept of soft assets. What is classed as a soft asset? Soft assets refer to intangible or non-physical assets that hold significant value for businesses. These assets can include intellectual property, software, licenses, trademarks, patents, and even specific types of equipment, such as commercial ovens used in the catering sector. Difference between a hard and a soft asset It's crucial to differentiate between soft and hard assets. Unlike soft assets, hard assets are tangible and physical items that have intrinsic value, and maintain their value more than a soft asset. Hard assets typically include vehicles (cars, trucks, buses and coaches, and agricultural machines such as tractors), industrial machinery, plant equipment (yellow metal), and engineering equipment. Assets that are outside of this range will fall under the soft asset category. The primary distinction lies in the nature of these assets. Soft assets, being intangible, can be challenging to value accurately. Traditional lenders often hesitate to provide financing for soft assets due to the absence of physical collateral. This is where soft asset finance comes into play, offering tailored funding solutions that address the unique characteristics of intangible assets. What are the benefits of financing soft assets? Financing soft assets offers several advantages for businesses that heavily rely on intangible assets. Consider the following benefits: Preserving cash flow: Soft asset financing allows businesses to preserve their cash flow by spreading the cost of acquiring or developing intangible assets over time....
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### Grants newsletter: growth, sustainability and jobs in manufacturing - your latest grants news
- Published: 2023-06-16
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/grants-newsletter-growth-sustainability-and-jobs-in-manufactoring-jobs-your-latest-grants-news/
- Category: Grants newsletter
Hello! Canada’s wildfires have made international headlines this month. In this newsletter, you’ll find a grant to help your business reduce carbon emissions, as well as promote technology, manufacturing and growth:Green Industrial Facilities and Manufacturing ProgramTechnology Investment Program CMEBC Manufacturing Jobs FundGrow Ontario Market Initiative Further details and links to applications below - happy reading! #TeamSwoopThe usual disclaimer: Swoop Funding does not review or fund these grant applications. SPEAK WITH OUR FUNDING MANAGER TODAY Green Industrial Facilities and Manufacturing Program Under the Industrial Facility track, eligible projects include those that support the implementation of energy efficiency and energy management solutions. These activities are intended for industrial facilities that are engaged in energy consuming processes that involve the physical or chemical transformation of materials or substances into new products. Eligible recipients under the Industrial Facility track are Canadian facilities in any industrial sector that are engaged in energy consuming processes that involve the physical or chemical transformation of materials or substances into new products, regardless of the size of the facilities. The maximum amount of NRCan funding that can be requested under Track 2 is $10 million. Closing date: Monday 31 July 2023 11:59pm Check if you are eligible here Technology Investment Program CME Ontario manufacturers remain slow adopters of advanced manufacturing technology such as robotics, artificial intelligence, advanced networks and the Internet of Things. The Technology Investment Program seeks to reverse a 14. 8 percent fall in machinery and equipment (M&E) investment in Ontario. The program provides direct financial assistance...
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### How to get venture capital funding
> If you’re seeking funding to help get your business launch or to help it expand, venture capital funding is one option worth exploring. Learn more here.
- Published: 2023-05-30
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/equity-financing/how-to-get-venture-capital-funding/
- Category: SME support, Equity
If you’re looking for funding to help get your business off the ground or to help it expand, venture capital funding is one option worth exploring. It won’t be the right choice for every business, but if you think it could work for you, here’s what you need to know.   What is venture capital funding? Venture capital funding is a type of financing that investors provide to startup companies and early-stage businesses that are believed to have long-term growth potential.   Venture capital (VC) can be thought of as a subset to private equity. Venture capitalist firms tend to invest in promising startups that need growth capital and business expertise to help take them to the next level. Private equity firms, on the other hand, tend to invest in established businesses that might want a cash injection or new strategy to move them forwards. How do venture capital funding investors differ from traditional investors? Venture capital investors tend to offer financing to startups and small businesses that are likely to generate high rates of growth and above-average returns. Venture capital funding tends to come from wealthy investors, investment banks and other financial institutions.   VC firms have considerably more to invest (typically more than $250,000) compared to other investors because they typically pool funds from other investment companies, large corporations and pensions. In return for their investment, they get a large stake in the company. This means they will have a say in how you run your business, including...
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### How to buy a business with bad credit
> Don’t let bad credit stand in the way of a great business. You may have to clear some extra hurdles to secure the financing you need, but it can be done.
- Published: 2023-05-25
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-buy-a-business-with-bad-credit/
- Category: Swoop guides, Business acquisition
Don’t let bad credit stand in the way of a great business. You may have to clear a few extra hurdles in order to secure the financing you need, but it can still be done. Here’s some information to help make it happen. Let’s start with the good news. Your credit score is only one of five criteria that financial institutions traditionally assess when considering a business loan application. So, even if you have bad credit, you still have an opportunity to show a potential business loan provider your other strengths. Here are the five Cs of business loan credit: Character: How credible and trustworthy are you? While your credit score is part of the answer here, there is also your education, your work history, your entrepreneurial experience, and your notable accomplishments. Capital: How much capital (money) are you investing in the project? The more capital you contribute as a percentage of the overall project, the more committed you will be, and the less risk you are asking the lender to take on. Capacity: How much debt will you be carrying? Your debt-to-income (DTI) ratio looks at how much you make versus how much you are paying towards debt on a regular basis. Your capacity to borrow is generally limited by a maximum acceptable DTI. Collateral: Is there a home or other asset that the lender can seize if you fail to repay? Having collateral to pledge can greatly reduce the risk to the lender. This makes it easier to...
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### How to agree to a business sale price
> You’ve finally found a business that you want to buy. Now it’s time to agree on a purchase price. Here’s how to negotiate with confidence.
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-agree-to-a-business-sale-price/
- Category: Swoop guides, Business acquisition
You’ve finally found a business that you want to buy. Now it’s time to agree on a purchase price. Here’s how to calculate a company valuation so you can negotiate with confidence. Determining a company’s valuation and agreeing on a sale price can sometimes be more art than science. There are many factors that can determine the answer, and at least some of them are difficult to quantify. For example, what will the future hold? Will future business performance be consistent with the past? Will it be made more difficult by emerging challenges? Or will it be accelerated by new trends? As someone who wants to buy a business, your job is to conduct a valuation that you feel comfortable with, and engage in a dialogue with the seller. The seller may have already indicated their asking price, and you might have already given them a Letter of Intent to start the negotiation with an offer price. Ideally, you can each present your quantitative and qualitative assessments of the business and continue the dialogue until you reach an agreement. Conduct a business valuation If you have indicated to a seller that you are interested in buying their business, what typically follows is a due diligence period. During this period, you should be granted access to the inner workings of the business, from tallying up its inventory and reviewing its payroll, to analyzing its finances and reviewing its customer lists. The purpose of this process is for you to make sure...
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### Complete guide to vendor financing
> When it comes to acquiring an existing business, the seller can actually be one of the most flexible sources of funding. Here’s a complete guide to vendor financing
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/complete-guide-to-vendor-financing/
- Category: Swoop guides, Business acquisition
When it comes to acquiring an existing business, many purchasers find that the seller can actually be one of the most flexible sources of funding. Here’s a complete guide to vendor financing — what it is, how it works, and how to make it work for you. If you want to buy a business, you need to understand that vendor financing is not the same as financing provided by a bank or other financial institution. The lender in this case is actually the seller of the business. Why would this type of funding be desirable? Here are some of the main reasons: Vendor financing can close the gap if you have trouble raising enough funds from equity investors and other types of lenders. Vendor financing leaves room for flexibility and creativity because it is not subject to the formalities of traditional lenders. Vendor financing terms can include methods of recourse and accountability in the event some aspect about the business or the transition process does not live up to the agreement. Vendor financing gives the seller a financial incentive to help you succeed as the new owner. For all of these reasons and more, vendor financing can be a strategic move. Keep reading to learn more. What is Vendor Financing? Vendor financing (also known as vendor take-back or VTB for short) is a form of business acquisition debt. Typically, the seller or vendor of the business agrees to receive part of the purchase price from the buyer over a set...
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### Pros and cons of buying a business: is it right for you?
> There’s no question that you have an entrepreneurial spirit. The question is whether you should buy an existing business or start a new one from scratch.
- Published: 2023-05-25
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/pros-and-cons-of-buying-a-business-is-it-right-for-you/
- Category: Swoop guides, Business acquisition
There’s no question that you have an entrepreneurial spirit. The only question is whether you should buy an existing business rather than start a new one from scratch. Here are some pros and cons of buying a business to help you decide. One of the best parts of owning a business is getting to do everything your way. Ironically, this can also be the downside of business ownership — you’ve got to figure everything out for yourself. And it’s not easy. According to data from the Bureau of Labor Statistics, half of small businesses fail by year five, and 70% disappear within 10 years. One potential way to increase the odds of success is to purchase an existing business that has already proven itself to be viable. While you may not get the same thrill as starting with a blank slate, you might get other things - like an easier time accessing capital, a ton of legwork already done for you, and the ability to make money right away. At the end of the day, whether to buy or build is a personal decision. Building is generally riskier and more difficult, but may be more rewarding. Buying is generally safer and easier, but may not scratch that entrepreneurial itch in quite the same way. Keep reading for more pros and cons. Pros of buying a business Some people find it surprising that anyone would want to sell a successful business. But business owners have many reasons for wanting to sell....
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### Checklist for buying a business
> Buying an existing business may have advantages over starting from scratch, such as existing operations, customers, and cash flow. See a checklist here.
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/checklist-for-buying-a-business/
- Category: Swoop guides, Business acquisition
Buying an existing business may have advantages over starting from scratch, such as existing operations, customers, and cash flow. But the due diligence process can be quite involved. Here’s a checklist to help you do it right. Buying a business can be an exciting and deeply engaging experience. Here are some of the main steps to follow: Decide on the type of business. Where do your interests lie? Which industries align with your skills and experience? Do you want it to be home-based? Do you want to keep it small or run a large team of people? Assemble a team. Before you start seriously looking for an acquisition target, it’s smart to have some professionals around you. Your team might include an accountant to help you analyze the businesses, a lawyer who can draw up offers and contracts, a financial advisor to help with your personal finances, a banker or lender who can assist with financing, and potentially a business broker who can help you source deals. Select a potential acquisition. Based on the criteria you set and any input from your team, start by identifying a business for sale that you believe is worth investigating more closely. Write a Letter of Intent. Your lawyer can help you draft a Letter of Intent that tells the seller you are interested in their business. This letter will typically include a non-disclosure clause and some parameters around a due diligence period, during which time you will be allowed to examine the business...
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### Grants newsletter: help with agriculture, energy, development and jobs
- Published: 2023-05-19
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/grants-newsletter-help-with-agriculture-energy-development-and-jobs/
- Category: Grants newsletter
Government money is available to businesses that are essential parts of the economy and in this newsletter we’ve rounded up the latest information on the available grants that you could be eligible to apply for. In this edition of the newsletter:Agri-Food Energy Cost Savings InitiativeSustainable Canadian Agricultural PartnershipThe Eastern Ontario Development Fund (EODF) and the Southwestern Ontario Development Fund (SWODF)Canada-Ontario Job GrantFurther details and links to applications below - happy reading! #TeamSwoopThe usual disclaimer: Swoop Funding does not review or fund these grant applications. SPEAK WITH OUR FUNDING MANAGER TODAY Agri-Food Energy Cost Savings Initiative The Agri-Food Energy Cost Savings Initiative helps agri-food processors invest in purchase or modification of equipment and technology that improves energy efficiency. This includes water use, monitoring controls, renewable energy, heating and refrigeration. Your business could receive 20 percent of eligible costs up to a maximum of $300,000 in funding per project under the initiative. Closing date: Monday 5 June 2023 11:59pm Check if you are eligible here Sustainable Canadian Agricultural Partnership The Sustainable Canadian Agricultural Partnership (SCAP) offers support to businesses operating in the agricultural sector in Canada. SCAP aims to encourage adoption of sustainable agriculture practices through financial assistance, research, and education. Funding programs are available to help businesses invest in new infrastructure, equipment, and technologies that will improve their operations and environmental sustainability. The partnership emphasizes collaboration between government, industry, and academia to improve efficiency, profitability, and sustainability in the agriculture sector. Check if you are eligible here The Eastern Ontario Development...
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### How to pitch a business idea
> It can be easy to come up with a business idea, but knowing how to pitch it is a different matter. Read our top tips for a successful pitch here.
- Published: 2023-05-14
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-pitch-a-business-idea/
- Category: SME support, Swoop guides, Blog
It can be easy to come up with a business idea, but knowing how to pitch it is an entirely different matter. Pitching a business idea can be a nerve-wracking experience, but doing it effectively is key to getting others on board and turning your vision into reality. To help set you up for success, here’s our step-by-step guide on how to pitch a business idea.   What makes a great pitch? A great pitch needs to grab the attention of your listener and give them a clear picture of your idea or concept. To do this, it’s crucial that you fully understand your idea, your growth strategy and your overall business plan. You need to understand the steps that are required to make your idea a reality and be able to instil confidence in your investors that they can expect a return on investment.   To have the best chances of persuading others that it is a worthwhile investment, you’ll need to be able to show complete confidence in your business idea when you’re pitching it. Pitch a business idea in 5 steps: Identify your target audience As a first step, it’s crucial that you research potential investors to establish who you need to pitch to. Getting the right investment is not only about money – it’s also about building a partnership. When researching investors, consider factors such as the types of industries they invest in. This can help you to tailor your pitch and concentrate on their priorities....
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### How to do a stocktake
> Controlling your stock is crucial if you want to measure performance. Read more here where we cover all you need to know about how to do a stock take.
- Published: 2023-05-13
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-do-a-stocktake/
- Category: SME support, Swoop guides, Blog
Controlling your stock is important if you want to be sure you’re accurately measuring efficiency and performance. This guide covers all you need to know about how to do a stocktake. What is a stocktake? A stocktake is the process of counting and recording the amount and value of stock a business currently has.   It’s best to carry out a stocktake at regular intervals, say every month, so that you can keep track of how much stock you have. You can choose to carry out your stocktake manually or with the help of technology, but the aim is to get an accurate count of everything.   Why are stocktakes important? Stocktakes are important because they help with your stock control. If you’re a business that sells food, for example, you will need to know when items are due to go out of date so that you can take them off the shelves and restock them with fresh products. A stocktake can also be used to: Help determine the cost of goods sold Reduce overstocking on items you don’t need Ensure you have enough of a certain product to meet demand Assess whether your ordering process is efficient  Identify any missing or damaged items.   Regular stocktakes will also show you how much of your cash is tied up in stock and help you maintain a good cash flow. What records do I need to keep during a stocktake? When you carry out a stocktake, you’ll need to have a...
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### How to set up a cleaning business
> Dreaming of starting your own cleaning business? In this guide we talk about everything you need to know about the process of getting set up.
- Published: 2023-05-12
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-a-cleaning-business/
- Category: SME support, Swoop guides, Blog
Thinking about starting your own cleaning business? Here’s everything you need to know about the process of getting set up, from carrying out research and buying the right equipment to writing a business plan and hiring staff.   Why start a cleaning business? There are many benefits to setting up a cleaning business. For a start, it’s a business that’s in demand. The cleaning industry had a market size of $9 bn in 2022 and employs approximately 190,000 people. Furthermore, the cleaning industry has grown since 2017 and is expected to continue this development. Another advantage of setting up your own cleaning business is that startup costs are low. You won’t require a storefront and there are no upfront costs associated with buying stock as you won’t be selling products. All you’ll need is suitable cleaning products, a mode of transport and insurance.   Further benefits include flexible work schedules where you can pick and choose your own hours, the option to turn down jobs you don’t fancy, and the fact you don’t need to have stacks of qualifications to get started.   Key steps to starting a cleaning business Market research If you’ve decided to go ahead and start your own cleaning business, your first step is to carry out some market research. You need to think about what type of cleaner you want to be and what market you want to serve.   There are three main cleaning markets – domestic, commercial and specialised. Domestic cleaning: This will typically involve...
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### How to create a business PayPal account
> Setting up a business PayPal account allows you to take payments for products and services without the need to pay for a merchant account. Learn more.
- Published: 2023-05-12
- Modified: 2024-07-08
- URL: https://swoopfunding.com/ca/blog/how-to-create-a-business-paypal-account/
- Category: SME support, Swoop guides, Blog
Setting up a business PayPal account can enable you to take payments for products and services without the need to pay for a pricey merchant account. But while many people know how to set up a personal PayPal account, not as many are as familiar with how to create a business PayPal account. Here’s our step-by-step guide to help you. What is a PayPal business account? A PayPal business account is simply an account used by businesses to send and receive payments. It can be used to process payments online and in person and you can link it up with your business bank account to transfer your money. PayPal business accounts come with a range of tools and features to help you set up online payment buttons or electronic shopping carts. Customers don’t need to have a PayPal account to pay you as your business account can accept a range of payment types online.   As well as online payments, you can also take payments on the go and in person with a Zettle card reader (part of the PayPal family) and your smartphone, which will enable you to process card and contactless payments and track sales.   Alternatively, customers can pay by scanning a QR code using the PayPal app, or you can get paid by email by creating and sending invoices through your business account. The invoice is sent straight to your customer’s email inbox and they can then pay you online using their credit card or debit...
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### How to set up a courier business
> If you’re thinking about starting your own courier business, it’s crucial to do your research first. Read our guide on how to increase your chances of success.
- Published: 2023-05-12
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-a-courier-business/
- Category: SME support, Swoop guides, Blog
If you’re considering starting your own courier business, it’s important to do your research first. Here’s our handy guide on how to set up a courier business and increase your chances of success. Why start a courier business? The COVID-19 pandemic and associated lockdowns have helped to contribute to a rise in demand for courier services as increasing numbers of people shop online and expect items to be delivered to their door.   On top of this, more people are choosing to buy and sell second-hand items on sites such as eBay, Vinted and Depop, which means more couriers are needed to deliver the goods. This means that if you’re thinking about launching your own courier company, you’ll need to carry out some research in your area beforehand to establish how you’re going to position yourself and stand out from the rest of the competition.   Key steps to set up a courier company: Market research Your very first step is to carry out some thorough market research. You need to find out whether there is enough demand for another courier service in your area and how much competition there is.   Look at other courier businesses to work out: How much they charge and the type of services they offer Whether they focus on local, national or international deliveries Whether they operate a fleet of vehicles.   Then consider how you will stand out from the crowd. For instance, it might be that no courier in your area offers...
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### How to boost cash flow
> Knowing the steps you can take to boost cash flow is important. This guide explains how to boost cash flow and keep your business running.
- Published: 2023-04-28
- Modified: 2024-11-19
- URL: https://swoopfunding.com/ca/blog/how-to-boost-cash-flow/
- Category: SME support, Swoop guides, Blog
Understanding the steps you can take to boost cash flow is important for small businesses. Businesses that successfully manage cash flow tend to be more profitable in the long run, while those that lack the cash to pay for bills, rent and wages are more likely to fail. This guide explains how to boost cash flow and keep your business running efficiently. What is cash flow? Cash flow is a measurement of the amount of money you have coming in and going out of your business over a period time. If your cash flow is positive, that means you have more money coming into your business than you have going out. You’ll therefore be able to pay your suppliers, rent, employees and taxes on time. On the other hand, if your cash flow is negative, you’ll have more money going out of your business than you have coming in. And that can make it difficult to meet your bill payments and other expenses. Why is cash flow important? Cash flow is important because it enables you to meet your existing financial obligations and also plan for the future. Maintaining a healthy cash flow can help ensure the smooth day-to-day running of your business and help set it up for success. Understanding your cash flow will mean you can forecast company profits more accurately and identify opportunities for investment, while you can also build up cash reserves to cover you in times of difficulty. How do I boost my business’ cash...
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### How to do a SWOT analysis
> Any growing business needs a plan to help it work its way through the challenges and opportunities it will face. Learn about SWOT here.
- Published: 2023-04-27
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-do-a-swot-analysis/
- Category: SME support, Swoop guides, Blog
Any growing business needs a roadmap to help it work its way through the challenges and opportunities it’s likely to face. A SWOT analysis can help you with this, so here’s our handy “how to” guide.   What is a SWOT analysis? SWOT stands for strengths, weaknesses, opportunities and threats. A SWOT analysis is a framework used to evaluate how closely a business is aligned with its growth trajectories and success benchmarks. It can help a business identify ways to improve as well as assess negative factors that could get in the way of success. What does each part of a SWOT analysis mean? Below is a breakdown of what each part of a SWOT analysis means: S – strengths. These are all the things your company does well and separates it from the competition. Examples could include a strong balance sheet or brand. It can also include internal resources such as skilled staff or tangible assets such as intellectual property.   W – weaknesses. These are all the things that stop your business from performing at its best and those that your competitors do better than you. This could be high levels of debt or a weak brand, for instance.   O – opportunities. This refers to favourable external factors that could give you a competitive advantage, whether that’s better tax rates or the emerging need for your products or services. T – threats. This refers to everything that poses a risk to your company or its likelihood of...
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### How to set up an online business
> Starting an online business can be a big decision to make. Read our guide to learn everything you need to know about setting up your online business.
- Published: 2023-04-27
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-an-online-business/
- Category: SME support, Swoop guides, Blog
Setting up an online business can be a big decision to make. Although websites can be built cheaply and run from the comfort of your own home, you’ll still need to give some thought to the type of product or service you want to launch, how much demand there is and how you’re going to market your product or service.   Here’s everything you need to know about setting up your online business.   Why start an online business? There are many reasons why you might want to start an online business. Unlike with a bricks and mortar business, you don’t need to worry about leasing a property or budgeting for employee wages. Instead, all you will need initially is a computer, a domain name and a website builder, which can make it a significantly cheaper option. Running your business online also means you’re not restricted to one particular location – you can run your business from almost anywhere. You can also sell your product or service to anyone, no matter where they live, which means your customer base might grow each year across the globe. What’s more, because your business is based online, you can remain open 24/7. You don’t need to be physically present for sales, so you can keep generating revenue with less involvement. How to start your online business To help get your online business off the ground, follow the steps below: Conduct market research Once you’ve come up with an idea for your online business,...
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### How to file company accounts
> All companies must file their company accounts with CRA each year. Read how to file your company accounts here in our handy guide.
- Published: 2023-04-21
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-file-company-accounts/
- Category: SME support, Swoop guides, Blog
Filing company accounts is a crucial part of running a business, and can be drawn upon when seeking future financing through business loans or other types of funding. If you’ve never done it before or you’re unsure where to start, this guide takes you through the process of filing company accounts, the deadlines for filing them, and what you need to know about preparing your accounts. Who needs to file company accounts? In Canada, all corporations must file annual financial statements. This is a legal requirement, whether the company makes a profit or loss, is not trading, or is dormant. Company accounts must also be filed with the Canada Revenue Agency (CRA) when you submit your corporate tax return. You can file these documents jointly with the CRA and any other relevant authority, usually through the CRA website. What do company accounts contain? Company accounts show how a company has performed over a period of time (typically 12 months). They will usually contain: Profit and loss account: this is an income statement that sets out the calculation of your profit or loss for the reporting year. Balance sheet (statement of financial position): this shows the value of everything your business owns. It also shows any payments your business needs to make, as well as any money owed by debtors, that are due by the last day of the financial year covered by the accounts. Notes to the accounts: this is used to further explain and break down figures in the...
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### How to buy and open a franchise
> Buying a franchise can be less risky than starting a business from scratch. However, there are also drawbacks to be aware of. Read all about it here.
- Published: 2023-04-13
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-buy-and-open-a-franchise/
- Category: SME support, Swoop guides, Blog
If you’re keen to set up your own business, buying a franchise could be a good way to get started. Buying a franchise can be less risky than starting a business from scratch as you’ll be able to buy the rights to sell goods or services from a company that’s already established.   However, as with any business venture, there are also drawbacks to be aware of. Find out how to buy and open a franchise, alongside the advantages and disadvantages here. Advantages of buying a franchise Some of the advantages of buying a franchise are outlined below: The franchise is based on a proven business model: This means you know the product or service already works which can increase your chances of success. A good franchisor should regularly research and update the business model. You might use a recognised brand name: This can make it easier to sell the product and you might benefit from any advertising carried out by the franchisor.   You’re often given training: This can help you to get set up faster, while also learning essential skills.   It can be easier to finance the business: If a business is already up and running, it can be much easier to borrow money to invest in your franchise. You will usually be given exclusive rights to the franchise: This means you’ll have a specified region or exclusive client base.   Disadvantages of buying a franchise Initial startup costs can be high: You’ll need to pay a...
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### How to calculate liquidity
> Liquidity is a key term to understand if you run a business. Our useful guide explains all you need to know about liquidity ratios & the different types.
- Published: 2023-03-31
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-liquidity/
- Category: SME support, Swoop guides, Funding resources, Blog
Liquidity is an important term to understand if you run a business. Liquidity is a company’s ability to convert assets into cash to pay off its short-term obligations or liabilities – those that will become due in less than a year.   This guide explains all you need to know about measuring a company’s liquidity, including the different types of liquidity ratio. What are liquidity ratios? A liquidity ratio is a calculation used to measure a company’s ability to pay off any short-term debt obligations using its current (or liquid) assets. It’s used to indicate whether the business can pay off its debt and business loans with the cash it has readily available, or whether it will need to raise additional capital to do so. It can also show how quickly the assets held can be turned into cash for the debt. Why are liquidity ratios important? Liquidity ratios are important because they can give you an indication of a business’s financial health. As mentioned above, your liquidity ratio tells you whether you will be able to repay your debts. This usually means that you have sufficient cash, bank deposits or assets that can be quickly converted to cash to pay your bills. If you don’t have sufficient liquidity, it’s likely your business will run into financial difficulties. Liquidity ratios are also important to both lenders and investors. Lenders will want to be sure your business has enough current assets to repay its debts, while investors will also look at...
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- [How to pitch a business idea](https://swoopfunding.com/ca/blog/how-to-pitch-a-business-idea/): It can be easy to come up with a business idea, but knowing how to pitch it is a different matter. Read our top tips for a successful pitch here.
### How to manage cash flow
> Managing your cash flow is an important part of running a business. If your business lacks the cash to pay for wages, bills and rent, it could fail.
- Published: 2023-03-30
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-manage-cash-flow/
- Category: SME support, Swoop guides, Funding resources, Blog
Managing your cash flow is a crucial part of running a business. If your business lacks the cash to pay for wages, bills and rent, your business could ultimately fail. Here, we explain what cash flow is and how to manage it to help set your business up for success.   What is cash flow? Cash flow is simply a measurement of the amount of money you have coming into and going out of your business in a set period of time.   When you have a positive cash flow, you have more cash coming into your business than you have going out. This means you can pay suppliers, employees, taxes and rent on time. But when your cash flow is negative, you have more cash going out of your business than you have coming in. And in this instance, it can make it difficult to cover bills and other expenses.   Keeping an eye on your cash flow is therefore critical if you want your business to grow. Manage your cash flow in 5 easy steps Below, we’ve outlined 5 easy steps to help you better manage your business’ cash flow. Be proactive in your management Where you can, it’s important to plan ahead. Make sure you know what’s on the horizon in the coming months and ensure you have the funds ready to meet your financial requirements. This will put you in a stronger position to get funding on your own terms and help you better understand your...
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- [How to do a stocktake](https://swoopfunding.com/ca/blog/how-to-do-a-stocktake/): Controlling your stock is crucial if you want to measure performance. Read more here where we cover all you need to know about how to do a stock take.
### How to sell a percentage of your business
> There are several reasons why you might want to sell a stake of your business, but it’s important to understand how to do it in the right way. Read it all here.
- Published: 2023-03-30
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-sell-a-percentage-of-your-business/
- Category: SME support, Swoop guides, Funding resources, Blog
There are many reasons why you might want to sell a percentage of your business, but whatever the reason, it’s important to understand how to do it in the right way. Here’s what you need to know. Is selling part of your business right for you? Selling part of your business is not an easy decision to make. However, it might be something you want to consider if you need to raise additional funds for your business, whether you’re looking to expand or pay off debts, or if you want to refocus your business and reduce costs.   Ideally, you want to take a year or two to prepare for the sale as this can help you to improve your financial records, business structure and customer base to make the business more profitable. In turn, this will enable you to keep the business running smoothly and help make the transition process easier for your buyer. Remember, too, that finding a buyer can take several months, so you’ll need to have patience. Why consider selling a percentage of your business? Some of the reasons you might consider selling a percentage of your business include: Reducing responsibilities: If you have too much on your plate, selling part of your business can help reduce some of your responsibilities and allow you to focus on what’s most important for your business.   Raising capital: Selling off a portion of your business can enable you to raise capital which can help you to pay off...
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- [How to set up a cleaning business](https://swoopfunding.com/ca/blog/how-to-set-up-a-cleaning-business/): Dreaming of starting your own cleaning business? In this guide we talk about everything you need to know about the process of getting set up.
### How to pay off a cash advance
> If you need cash right now, you might be tempted to withdraw money on a credit card. Our guide takes a look at how cash advances work and how to pay them off.
- Published: 2023-03-29
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-pay-off-a-cash-advance/
- Category: SME support, Swoop guides, Funding resources, Blog
If you need cash fast, you might be tempted to withdraw money on your business credit card. Doing so can be a quick and convenient way to get the funds you need. But it can also be very expensive. This guide takes a detailed look at how cash advances work and how to pay them off. What is a cash advance? A cash advance is a way of obtaining immediate funds through your credit card. One of the most popular ways to do this is to withdraw money on your credit card from an ATM. Most credit cards let you do this in the same way as a debit card. However, the difference is that you will need to pay back the amount you have withdrawn and interest will be added. Interest usually applies immediately – even if you pay off your credit card bill in full that month. What transactions are considered to be a cash advance? As well as withdrawing cash on your credit card, there are a number of other transactions that can be considered a cash advance. These include when you use your credit card to: Buy travel money and travellers’ cheques Buy foreign currency  Buy gift vouchers Make a mortgage payment Pay a utility bill Buy a lottery ticket or scratch card (note that you can no longer use a credit card for other gambling transactions) Transfer money from your credit card to a current account Buy cryptocurrency It’s important to check your card provider’s...
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### How to get a business mortgage
> You might need a business mortgage, also known as a commercial mortgage, if you’re looking to buy a new building or release equity. Read all about it here.
- Published: 2023-03-17
- Modified: 2025-03-19
- URL: https://swoopfunding.com/ca/commercial-mortgages/how-to-get-a-business-mortgage/
- Category: SME support, Swoop guides, Commercial mortgages, Blog
You might need a business mortgage, also known as a commercial mortgage, if you’re looking to buy a business that includes property, a new building or release equity from an existing property you already own. Read on to find out how business mortgages work and how to get one.   What are commercial mortgages? A commercial mortgage is a type of loan that is used to buy property or land for commercial use. While standard unsecured business loans can offer funds of up to $250,000, commercial mortgages are suitable for businesses that need to borrow between $50,000 to $25,000,000. Similar to a residential mortgage, you usually borrow the money from a bank or specialist lender and then repay it in monthly instalments over a set term, with interest added on top. However, with a commercial mortgage, the value of the business property or land is usually much greater than it is with a residential mortgage.   Commercial mortgages usually have terms of between 3 and 25 years and you will usually need a down payment of between 20% and 40%. What are the types of commercial mortgages? The two main types of commercial mortgage are owner-occupied and commercial investment mortgages.   Owner-occupied mortgages are used if you want to buy a property to be used by your own business. This could be your main place of work or a regional location. Commercial investment mortgages, on the other hand, are used to buy a property as an investment – for example...
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### How to create a marketing strategy for your business
> If you want to succeed in the marketing world, it’s important to stay ahead of the game and understand how to appeal to your target market. Learn it all here.
- Published: 2023-03-14
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-create-a-marketing-strategy/
- Category: SME support, Swoop guides, Blog
If you want to succeed in a fast-paced marketing world, it’s important to stay ahead of the game and understand how to appeal to your target market. As part of this, you’ll need to know how to create an effective marketing strategy.   This guide explains everything you need to know about creating a marketing strategy for your business. What is a marketing strategy? A marketing strategy is a detailed and structured overview of how a business or organisation will reach, convert and retain new customers. A clear marketing strategy will define measurable goals and outline the target market, audience profiles, competitors and value for customers. It will provide a long-term vision for overall marketing efforts. Why do I need one? There are many reasons why it’s important for your business to create a marketing strategy. Without one, you’ll be reducing how effective your promotional and sales activity will be.   Some of the reasons for have a marketing strategy are outlined below:  Insights into your target audience  Creating a marketing strategy can help you to connect with your target audience, which is absolutely crucial if you want to succeed. As well as identifying who your customers are and what they want from your company, you’ll also be able to understand the different ways of being able to reach them.   Data driven decision making When you create a marketing strategy you can better analyse data which can help you make key decisions. Analysing company data will enable you to...
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### How to finance a new business
> If you’re looking to grow your new business, it’s crucial to know how to finance it. Read more here to discover your options, and apply with Swoop today.
- Published: 2023-03-13
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-finance-a-new-business/
- Category: SME support, Swoop guides, Funding resources, Blog
If you’re looking to grow your new business, it’s important to know how to finance it. Financing your business in the right way will provide a solid financial base and ensure you have sufficient funding to help your business succeed.   There are many different ways to finance a new business and different methods will suit different business types, as this guide explains. What is business finance? Business finance is simply the funding a business needs to operate. You’ll need funds to start, run or expand your business. Having sufficient funds available to you will help drive your business forward, allowing you to buy raw materials, hire staff, invest in equipment and so on. Finance is the foundation of any business as it’s almost impossible to succeed without it.   What are the best ways to finance a new business? There are several ways to finance a new business, so it’s important to research each one carefully to help you decide which is the right option for you and your business.   Personal investments Investing your own money into your business can be quicker than applying for finance and, as you’re not borrowing from anyone, you won’t need to pay interest. Using your own money can also help to show any future lenders that you’re confident in your company’s success.   You might have a lump sum to invest in your business if you’ve saved up enough over the years or if you’ve received a large redundancy pay out or...
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### How to calculate capital employed
> Capital employed is the amount of capital investment a business uses to operate. It can help indicate how a company is investing money. Learn more here.
- Published: 2023-03-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-capital-employed/
- Category: SME support, Swoop guides, Blog
Capital employed refers to the amount of capital investment a business uses to operate. It can help indicate how a company is investing its money.   This guide explains everything you need to know about how to calculate capital employed. What is capital employed? Capital employed, or funds employed, is one of many financial metrics and refers to how much capital a company has invested into itself through means such as purchasing equipment, hiring employees and so on. It can also refer to how much capital has been used for a particular project, whether that’s opening stores in other locations or developing new products.   Capital employed is often used to measure a company’s profitability and efficient use of capital.   What is the formula to calculate capital employed? The most commonly used formula to calculate capital employed is as follows: Capital employed = total assets - current liabilities Essentially, capital employed is calculated by taking the total assets from the company’s balance sheet and then subtracting all current liabilities, or short-term financial obligations.   It’s also possible to calculate capital employed with the following formula: Capital employed = fixed assets + working capital Fixed assets are assets purchased for long-term use, such as property, plant and equipment. Working capital is the capital available for daily operations and is calculated as current assets minus current liabilities.   Whichever formula you use, make sure you stick with it – do not switch between them when making comparisons as the calculation will...
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### How to calculate market size
> If you want to start a business, doing your research and assessing how many potential customers you might attract is important. Read our full guide here.
- Published: 2023-03-07
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-market-size/
If you’re thinking about launching a business or product, doing your research and assessing how many potential customers you might attract is absolutely crucial if you want to be confident of success. As part of this, you’ll need to know how to calculate market size. This guide explains what market size is, how to calculate it and why it’s important. What is market size? Market size simply means the number of potential customers you could sell your product or service to. In other words, it’s the size of the sales opportunity available to you.   As an example, it could be the number of people visiting a high street who could become customers of a new ice cream parlour, or the number of car owners in your area that could use a new car washing service.   There are two types of market size to calculate as well as your business’ expected share. The first type is the total addressable market (TAM). In a nutshell, this means finding out whether the potential market for your business is large enough. It’s the number of customers or amount of money you could earn if your business achieved a 100% success rate and 100% sales to every potential customer. The second is the target or available market, which is the size of the market that your business can realistically reach. It might also be referred to as the Segmented Addressable Market (SAM). The expected share of market is also worth adding to the...
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### How to forecast cash flow
> Knowing how to forecast cash flow is a crucial part of financial planning when you run a business. Our guide explains all you need to know.
- Published: 2023-03-06
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-forecast-cash-flow/
- Category: SME support, Swoop guides, Blog
Knowing how to forecast cash flow is an important part of financial planning when you run a business. Maintaining a healthy cash flow is essential so that you can plan ahead effectively and have money available in the event of an emergency.   This guide explains all you need to know about creating a cash flow forecast. What is cash flow? Cash flow is a measurement of the amount of cash that comes into and goes out of your business over a period of time.   Cash that comes in is usually the money you get from sales, but it might also be from selling assets or receiving a grant, for example. Outgoing cash will include wages, bills, and payments to suppliers.   If you have positive cash flow, this means you have more cash coming into your business than you have going out. On the other hand, when your cash flow is negative, you have more cash going out of your business than you have coming in. This can make it difficult to cover bills and other expenses, particularly if it lasts for a lengthy period of time.   Why measure cash flow Measuring cash flow is important because it helps you to meet your existing financial obligations and plan for the future. Cash flow measurement can be the difference between business success and failure.   Benefits of cash flow forecasting A cash flow forecast can enable you to assess if and when you’re going to run out of...
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### How to scale a business
> If you’ve decided to grow your business, it’s important to understand how to do it effectively. Learn how to effectively scale your business with Swoop.
- Published: 2023-03-01
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-scale-a-business/
- Category: SME support, Swoop guides, Funding resources, Blog
If you’ve decided you want to grow your business, it’s important to understand how to do it effectively. You’ll need to have the right strategy, team and processes in place to be able to support new customers, products and services.   If you scale too fast or you lose focus, things could go very wrong. But with the right planning and considered goals, scaling your business could be a big success. Is your business ready to scale? First up, you need to assess whether your business is ready to scale and evaluate where your business stands today. Scaling up often exposes weaknesses in the business, so it’s important to think about how growing your business will affect your company. Consider whether your IT systems, general infrastructure and website meet your current and future needs or will you need to invest heavily before scaling?   Scaling a business means taking steps to ensure your business grows without sacrificing quality or increasing costs. If you’ve acquired a strong customer base, have a great team of skilled professionals and you’ve recently been turning away clients, now could be the perfect time to scale your business.   Steps to scaling your business If you’re ready to get going, take a look at the steps below to help you get started: Evaluate current position and plan for expansion The first step is the planning stage. Think about what you need to do to increase sales and whether you currently have the staff and systems in...
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### How to calculate EBITDA
> There are several metrics businesses use to calculate their financial health & performance, and EBITDA is one of them. Read more about how to calculate it here
- Published: 2023-02-14
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-ebitda/
- Category: SME support, Swoop guides, Blog
There are several different metrics businesses can use to calculate their financial health and performance, and EBITDA is one of them. EBITDA is often used by businesses to compare their financial performance against that of their competitors, while analysts might use it to help determine the sustainability of an organisation.   Additionally, if you are looking for a business loan, many banks will use EBITDA to assess whether a company can repay its debts.   This guide takes a closer look at how to calculate EBITDA and its pros and cons.   What is EBITDA? EBITDA stands for earnings before interest, taxes, depreciation and amortization. It is a type of earnings metric that can help understand a business’s ability to generate cash flow for its owners. It also helps financial advisers and analysts calculate how much a business is earning before any reductions and modifications take place.   EBITDA doesn’t account for the different ways a company might use debt, equity, cash or other sources of capital to finance its operations. It also excludes non-cash expenses such as depreciation, and it excludes taxes. As such, EBITDA can be a useful way to evaluate a business and is often used to compare two similar businesses or determine a company’s cash flow potential. EBITDA became a popular method of measuring a company’s performance in the 1980s. Investors and lenders involved in leveraged buyouts found it a useful way to estimate whether the targeted company had the profitability to pay off the debt...
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### How to get a business loan with bad credit
> Getting a business loan with bad credit in Canada can be more difficult, but it’s not impossible. This guide takes you through your options and the process.
- Published: 2023-02-07
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/how-to-get-a-business-loan-with-bad-credit/
- Category: SME support, Swoop guides, Loans, Blog
Getting a business loan with bad credit can be more difficult, but it’s certainly not impossible. This guide takes you through your options so that you can find a solution that works for you and your business.   What is considered bad credit? Bad credit usually means you or your business hasn’t managed credit well in the past and as a result, your credit score will be low.   A credit history exists for anyone or any business that has taken out credit, such as a loan or credit card, in the past. However, if you were late with payments or you were unable to repay your loan or credit card debt in full, this will have had a negative impact on your credit score.   Similarly, if you’ve exceeded your credit limit or you’ve been declared bankrupt in the past, this will also have dragged your credit score down. As a result, lenders will now view you as higher risk and might not be so willing to let you borrow money. Note that if your business is just starting out and has never borrowed before, it won’t have built up a credit history yet which means that lenders have no way of knowing how responsible you are as a borrower. This isn’t the same as having ‘bad credit’, but it can still be trickier to get accepted for loans. Some lenders might look at your personal credit score instead of your business score to give them an idea of...
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### How to write an invoice
> This guide explains how to write an invoice for Canadian businesses, as well as when they are needed and how to send them. Read in full here.
- Published: 2023-01-24
- Modified: 2024-04-19
- URL: https://swoopfunding.com/ca/blog/how-to-write-an-invoice/
- Category: SME support, Swoop guides, Blog
Knowing how to invoice correctly is one of the most important parts of running a business. As well as ensuring you get paid for the goods or services your business has provided, invoicing is also crucial when it comes to keeping accurate tax records. Our guide explains how to write an invoice, as well as when invoices are needed and how to send them. What is an invoice? An invoice is simply a bill that you send to your customers or clients to ask for payment for the goods and services you’ve provided. The invoice should include a description of the services or goods, along with the payment amount, payment terms and payment method.   As well as helping to ensure you get paid, invoices are also important for bookkeeping as they help prove your income. Having an accurate record of your invoices will help when you come to file your tax return. Invoices can also act as legal proof that you carried out a service if you do not get paid and need to take further action.   When are invoices required? You will need to send an invoice to a customer or client if they have purchased goods or services from you. An invoice states in writing what the client has purchased, the date they purchased it and how much they are being charged for it.   An invoice should be sent out whenever you need a client or customer to pay for the goods or services they...
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### How to value a business
> If you’re planning to sell your business, make an acquisition or raise capital, it’s key to know how much your business is worth. Learn more here.
- Published: 2023-01-23
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-value-a-business/
- Category: SME support, Swoop guides, Blog
If you’re planning to sell your business, make an acquisition or raise business capital, it’s important to know how much your business is worth. You don’t want to over-value your business as this can deter buyers or investors, but you also don’t want to sell the business short. To help you find the right balance, here’s everything you need to know about how to value a business.   What is a business valuation? A business valuation is simply the process of determining the market value of a company. There are several reasons why knowing how to do this can be useful: A business valuation can help put a price tag on your business if you’re looking to sell it. It can help provide investors with a realistic estimate of how much your business is worth.   You might need to provide valuation figures as part of your tax return.   A business valuation can help set a fair price if staff want to buy or sell shares in your company.   Valuing your business can help you get a better idea of its financial health and focus your efforts on the areas that need improving. What affects the value of a business? There are a number of factors that can affect the value of a business. Tangible assets such as your business premises, land, stock and equipment are easy to value. But you will also need to consider intangible assets such as:  Your company’s reputation The value of your business’...
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### Finance lease vs. operating lease – what’s the difference?
> An operating lease may have better tax advantages and come with lower monthly payments and require a smaller deposit than a finance lease. Read more here.
- Published: 2023-01-13
- Modified: 2024-06-06
- URL: https://swoopfunding.com/ca/blog/finance-lease-vs-operating-lease/
- Category: Asset finance, Loans, Blog
Rent to buy, or simply rent. Obtain your major business assets without causing a cashflow crunch. Finance and operating leases – two ways to make your business cash go further Most Canadian businesses need expensive assets to produce the goods and services they sell. These assets are typically cars, HGVs, plant and machinery. Without them, many businesses simply cannot function. However, buying big-ticket items can create problems with cashflow and for companies with seasonal finances, spending a large sum all at once may be impossible. But not to worry. Say hello to finance and operating leases – two low-cost ways for businesses to secure the major tools they need. What is a finance lease? A finance lease is a method of financing business assets, and it works as a long-term rental agreement, with the assets remaining the property of the finance company (also known as the lessor) that hires them out, and the lessee (you) paying for the hire of the assets. The lessee has the option to buy the asset at the end of the contract period. How do they work? A finance lease allows your business to use an asset for a fixed period and for a fixed monthly rental cost. At the end of the agreement the business will have the option to purchase the asset for a pre-agreed sum. A finance lease allows businesses to spread the cost of the asset over time and with lower monthly payments than if they were to purchase the asset....
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### How to calculate profit
> For small business, it’s important to understand how to calculate profit to see how well a business is performing. Read on to learn how to calculate profit
- Published: 2023-01-11
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-profit/
- Category: SME support, Swoop guides, Blog
The amount you will be asked to pay each month will be based on how much you have left after you pay any rent, food or utility bills. Note that you will be charged interest on these payments.   As a small business, it’s crucial to understand how to calculate profit so that you know how well your business is performing. Read on to find out how to calculate profit for your business.   The formulas to calculate profit Profit simply means your business revenue minus any expenses. In other words, it tells you how much your business has earned once all costs have been deducted. The profit can either be kept in the business or reinvested to finance future growth. There are three main types of profit – gross profit, operating profit and net profit. Gross profit Your gross profit is your total sales minus your direct costs. These include the cost of raw materials and staff wages, for example. The gross profit shows you that you’re selling goods and services at a higher price than they cost you to produce.   You can work out your company’s gross profit with the following calculation:  Revenue – direct costs = gross profit Operating profit Your operating profit is the income from sales once operating expenses, such as rent, utility bills and equipment, have been deducted. It excludes things like tax and interest and can show you how efficient your business operations are. To work out your operating profit, carry out...
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### Will Canadian businesses thrive in 2023? The year ahead - according to Swoop
- Published: 2023-01-10
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/will-canadian-businesses-thrive-in-2023-the-year-ahead-according-to-swoop/
- Category: Blog
AUTHOR: Daire Burke, Head of North America at Swoop The global economy faces challenges. The global economy is facing serious issues: the long tail of COVID-19 shutdowns, war in Ukraine and ongoing supply chain issues are all taking their toll. The coming year will see manoeuvring by governments around the world to avoid the worst of the damage. In this article, I’m going to look at the big trends and how these will impact Canada’s manufacturing, our digital economy, and consumer spending habits. Finally, we’ll look at the challenges for entrepreneurs in the coming year.   The big picture Canada has proven to be resilient in tackling the challenges other countries are facing. While others have it worse, there are still issues that Canadian businesses need to be aware of.   Canadian GDP growth is expected to fall below 2. 0 percent during 2023. The strength of the Canadian dollar against other currencies and the increasing importance of developing the digital economy will squeeze manufacturing exports.   The federal government is expected to cut $11. 6 billion from its budget this year, down from $33. 9 billion in 2022–23. This will reduce the overall size of the government by 0. 5 percent, the lowest level since before the 2008 financial crisis. The CFIB small business confidence indicator registered 50. 9 index points in December, which is up 0. 9 points since November. While an improvement, it remains at levels usually only seen around recession periods, while the three-month outlook dropped...
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### How to get funding for a new business
> Choosing the right type of funding is key if you want to make sure that your new business is set up for success. Read all about the available options here.
- Published: 2023-01-10
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-get-funding-for-a-new-business/
- Category: SME support, Swoop guides, Loans, Blog
Choosing the right kind of funding is important if you want to ensure your new business is set up for success. Adequate funding can help you to expand, buy equipment, cover marketing costs and hire staff where needed.   For this reason, it’s worth taking the time to consider the different funding options available to you so that you can assess what works best. What's the first step in funding a small business? Before you decide how to get funding for your new business, you need to consider how much funding you actually need. As well as thinking about how much it will cost to initially startup your business, you’ll also need to factor in your operating costs for the year ahead.   It’s important to ensure you have enough money to help your business get off the ground and succeed, but you should also avoid borrowing too much and burdening yourself with a lot of debt. Carefully estimating how much income you’ll generate over the next year should help you work out how much funding you will require. Once you’ve done this, there are three initial options that are worth exploring: Using your own money  Investing your own money into your business can make you look more attractive to lenders if you need to borrow further funds. Using your own money helps to show lenders you’re confident that your business will succeed – after all, if you don’t want to invest in it, why would anyone else? You might...
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### How to get a business loan
> Let's look at everything you need to know about applying for a business loan. Read our step by step guide, or register with us today to see all funding options.
- Published: 2023-01-10
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-get-a-business-loan/
- Category: SME support, Swoop guides, Loans, Blog
A business loan can provide essential funding for your business. Whether you’re just starting out and you need funds to help pay for equipment, or you’ve been trading for a few years and you’re looking for bigger premises, a business loan is a popular way to borrow money. Here, we look at everything you need to know about applying for a business loan. Calculate how much you need The first step to getting a business loan is to calculate how much money you need to borrow. Business loans can be for as little as $1,000 or as much as $3 million. You’ll need to consider exactly what you need the funds for and be prepared to explain this to the lender. For example, you might want to use the money to purchase property or a vehicle, pay salaries, or fund overhead costs.   Keep in mind that the amount you can actually borrow will depend on your business’ financial situation and credit rating. If your business has been trading for a number of years and has a good credit score, you’re more likely to be able to borrow a larger sum compared to a business that is only just starting out and has yet to build a credit history. Write a business plan As part of your business loan application, you’ll need to write a business plan. A well-presented, thorough plan will prove to lenders that you’re serious about your business and have a clear vision about the future of...
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- [How to create a business PayPal account](https://swoopfunding.com/ca/blog/how-to-create-a-business-paypal-account/): Setting up a business PayPal account allows you to take payments for products and services without the need to pay for a merchant account. Learn more.
### How to value a company
> There’s no one way to value a company, and the final answer usually involves a mix of quantitative and qualitative factors. Read more here.
- Published: 2023-01-02
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-value-a-company/
- Category: Blog, Business acquisition, Loans, Funding resources
There’s no one way to value a company, and the final answer usually involves a mix of quantitative and qualitative factors. Here are some of variables you might want to account for in your valuation process:Value of the assets. Add up the value of everything the business owns, including all property, equipment, and inventory. Subtract any debts or other liabilities. This gives you the net asset value of the business — what it would be worth if you liquidated everything and turned it into cash. This is a good place to start, but it doesn’t account for the additional value created by revenue and earnings. Revenue calculation. The revenue generated by a business is another key metric to account for in its valuation. Although it does not reveal how profitable the business is, in established industries with predictable profit margins, business valuations are sometimes expressed as a multiple of revenue - say two or three times annual revenue. An experienced advisor can guide you on the appropriate multiple for your industry. Earnings multiple. Valuing a business based on a multiple of its earnings is typically more revealing than using a multiple of its revenue. For one thing, it measures the net earnings after expenses, which provides a truer picture of profitability. For another, it tends to be forward-looking, based on earnings expectations. For example, if a typical price-to-earnings (P/E) ratio is 10 times earnings, then a business that is expected to earn $300,000 per year is worth $3 million. Discounted...
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- [How to set up a courier business](https://swoopfunding.com/ca/blog/how-to-set-up-a-courier-business/): If you’re thinking about starting your own courier business, it’s crucial to do your research first. Read our guide on how to increase your chances of success.
- [How to boost cash flow](https://swoopfunding.com/ca/blog/how-to-boost-cash-flow/): Knowing the steps you can take to boost cash flow is important. This guide explains how to boost cash flow and keep your business running.
- [How to do a SWOT analysis](https://swoopfunding.com/ca/blog/how-to-do-a-swot-analysis/): Any growing business needs a plan to help it work its way through the challenges and opportunities it will face. Learn about SWOT here.
- [How to set up an online business](https://swoopfunding.com/ca/blog/how-to-set-up-an-online-business/): Starting an online business can be a big decision to make. Read our guide to learn everything you need to know about setting up your online business.
- [How to file company accounts](https://swoopfunding.com/ca/blog/how-to-file-company-accounts/): All companies must file their company accounts with CRA each year. Read how to file your company accounts here in our handy guide.
- [How to buy and open a franchise](https://swoopfunding.com/ca/blog/how-to-buy-and-open-a-franchise/): Buying a franchise can be less risky than starting a business from scratch. However, there are also drawbacks to be aware of. Read all about it here.
- [How to calculate liquidity](https://swoopfunding.com/ca/blog/how-to-calculate-liquidity/): Liquidity is a key term to understand if you run a business. Our useful guide explains all you need to know about liquidity ratios & the different types.
- [How to manage cash flow](https://swoopfunding.com/ca/blog/how-to-manage-cash-flow/): Managing your cash flow is an important part of running a business. If your business lacks the cash to pay for wages, bills and rent, it could fail.
- [How to sell a percentage of your business](https://swoopfunding.com/ca/blog/how-to-sell-a-percentage-of-your-business/): There are several reasons why you might want to sell a stake of your business, but it’s important to understand how to do it in the right way. Read it all here.
- [How to pay off a cash advance](https://swoopfunding.com/ca/blog/how-to-pay-off-a-cash-advance/): If you need cash right now, you might be tempted to withdraw money on a credit card. Our guide takes a look at how cash advances work and how to pay them off.
- [How to get a business mortgage](https://swoopfunding.com/ca/commercial-mortgages/how-to-get-a-business-mortgage/): You might need a business mortgage, also known as a commercial mortgage, if you’re looking to buy a new building or release equity. Read all about it here.
- [How to create a marketing strategy for your business](https://swoopfunding.com/ca/blog/how-to-create-a-marketing-strategy/): If you want to succeed in the marketing world, it’s important to stay ahead of the game and understand how to appeal to your target market. Learn it all here.
- [How to finance a new business](https://swoopfunding.com/ca/blog/how-to-finance-a-new-business/): If you’re looking to grow your new business, it’s crucial to know how to finance it. Read more here to discover your options, and apply with Swoop today.
- [How to calculate capital employed](https://swoopfunding.com/ca/blog/how-to-calculate-capital-employed/): Capital employed is the amount of capital investment a business uses to operate. It can help indicate how a company is investing money. Learn more here.
- [How to calculate market size](https://swoopfunding.com/ca/blog/how-to-calculate-market-size/): If you want to start a business, doing your research and assessing how many potential customers you might attract is important. Read our full guide here.
- [How to forecast cash flow](https://swoopfunding.com/ca/blog/how-to-forecast-cash-flow/): Knowing how to forecast cash flow is a crucial part of financial planning when you run a business. Our guide explains all you need to know.
### How to plan for buying a business
> Buying a business can be a complex task. In fact, many people never get past the stage of “just thinking about it”. Read the steps to buying a business here.
- Published: 2023-01-02
- Modified: 2024-08-06
- URL: https://swoopfunding.com/ca/blog/how-to-plan-for-buying-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Buying a business can be a complex task. In fact, many people never get past the stage of “just thinking about it” because they don’t know where to start or they find all the decisions overwhelming. But fear not; here is a step-by-step guide to the process of planning to buy a business. All you have to do is take it one step at a time. 1. Get preparedThe first place to start is with a little preparation. The actual business acquisition will be a much easier process by first outlining these three things: the right team, a clear picture of what you want to do, and how you plan on doing it. 2. Assemble a team of advisorsAlthough you will be the one driving the process, you can’t do it alone. At a minimum, you will want assistance from a trusted legal advisor to help you structure and sign the deal. You will also need financial advisors who can assist with the financing. During the acquisition process, you may want additional support with the valuation of the business and possible lease negotiation. As you take over management of the business, you might consider finding help with taxes, real estate, IT, human resources, and more. 3. Define your objectivesOne of the most important aspects of preparation is understanding your reasons for acquiring a business and what you hope to achieve. Identifying your personal skills and preferences, your emotional drivers, and your strategic and financial objectives will help you approach things...
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- [How to scale a business](https://swoopfunding.com/ca/blog/how-to-scale-a-business/): If you’ve decided to grow your business, it’s important to understand how to do it effectively. Learn how to effectively scale your business with Swoop.
- [How to calculate EBITDA](https://swoopfunding.com/ca/blog/how-to-calculate-ebitda/): There are several metrics businesses use to calculate their financial health & performance, and EBITDA is one of them. Read more about how to calculate it here
### How to use vendor financing to buy a business
> Many small business buyers need to assemble financing from a variety of sources to complete the acquisition. Read about using vendor financing here.
- Published: 2022-12-30
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-use-vendor-financing-to-buy-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Many small business buyers need to assemble financing from a variety of sources to complete the acquisition. Vendor financing, which is also called vendor take-back or VTB, is where the seller of the business agrees to take part of the sale price through a series of payments with interest. The seller is essentially extending debt to the buyer, where the debt is often secured against the assets of the business. When the deal closes, the seller will receive the purchase price minus the borrowed amount. Usually, this debt to the seller ranks below other debt that you might owe to a bank or other lending institution — a risk that the seller must understand and accept. If you want to use vendor financing to buy a business, you should let your business broker, the seller, and any other parties involved in the deal know as early in the process as possible. This way, the seller is not surprised later on, and you can work towards agreeing on several key points, including:The amount of the loanThe interest rate The payback periodThere are a few key details you will want to agree on with the seller over the term of the loan, such as:Will the seller continue to have a role in the business? How long will they remain involved? What financial reporting will the buyer provide? All of these terms and conditions can be included in the final agreement that you will both sign. What is a vendor take back mortgage...
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- [How to get a business loan with bad credit](https://swoopfunding.com/ca/blog/how-to-get-a-business-loan-with-bad-credit/): Getting a business loan with bad credit in Canada can be more difficult, but it’s not impossible. This guide takes you through your options and the process.
- [How to write an invoice](https://swoopfunding.com/ca/blog/how-to-write-an-invoice/): This guide explains how to write an invoice for Canadian businesses, as well as when they are needed and how to send them. Read in full here.
- [How to value a business](https://swoopfunding.com/ca/blog/how-to-value-a-business/): If you’re planning to sell your business, make an acquisition or raise capital, it’s key to know how much your business is worth. Learn more here.
- [Finance lease vs. operating lease – what’s the difference?](https://swoopfunding.com/ca/blog/finance-lease-vs-operating-lease/): An operating lease may have better tax advantages and come with lower monthly payments and require a smaller deposit than a finance lease. Read more here.
- [How to calculate profit](https://swoopfunding.com/ca/blog/how-to-calculate-profit/): For small business, it’s important to understand how to calculate profit to see how well a business is performing. Read on to learn how to calculate profit
- [Will Canadian businesses thrive in 2023? The year ahead - according to Swoop](https://swoopfunding.com/ca/blog/will-canadian-businesses-thrive-in-2023-the-year-ahead-according-to-swoop/): AUTHOR: Daire Burke, Head of North America at Swoop The global economy faces challenges. The global economy is facing serious...
- [How to get funding for a new business](https://swoopfunding.com/ca/blog/how-to-get-funding-for-a-new-business/): Choosing the right type of funding is key if you want to make sure that your new business is set up for success. Read all about the available options here.
- [How to get a business loan](https://swoopfunding.com/ca/blog/how-to-get-a-business-loan/): Let's look at everything you need to know about applying for a business loan. Read our step by step guide, or register with us today to see all funding options.
- [How to value a company](https://swoopfunding.com/ca/acquire-a-business/how-to-value-a-company/): There’s no one way to value a company, and the final answer usually involves a mix of quantitative and qualitative factors. Read more here.
- [How to plan for buying a business](https://swoopfunding.com/ca/blog/how-to-plan-for-buying-a-business/): Buying a business can be a complex task. In fact, many people never get past the stage of “just thinking about it”. Read the steps to buying a business here.
- [How to use vendor financing to buy a business](https://swoopfunding.com/ca/acquire-a-business/how-to-use-vendor-financing-to-buy-a-business/): Many small business buyers need to assemble financing from a variety of sources to complete the acquisition. Read about using vendor financing here.
- [How to find a business to buy](https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-to-buy/): The first and arguably most important step to finding a business for sale is to set your personal objectives. Find out where to buy a business and more here.
- [How to conduct due diligence for a business acquisition](https://swoopfunding.com/ca/acquire-a-business/how-to-conduct-due-diligence-for-a-business-acquisition/): Due diligence means conducting a deep dive into the inner workings of a business, allowing you to identify its opportunities and risks.
- [How to find a business acquisition broker](https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-acquisition-broker/): Like any important professional relationship, finding a business acquisition broker is partly about looking through listings and asking for referrals.
- [How to buy a business](https://swoopfunding.com/ca/acquire-a-business/how-to-buy-a-business/): For most buyers of existing businesses, the goal of financing is not only to acquire the business, but to make sure you have the flexibility and resources to grow.
### How to find a business to buy
> The first and arguably most important step to finding a business for sale is to set your personal objectives. Find out where to buy a business and more here.
- Published: 2022-12-29
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-to-buy/
- Category: Blog, Business acquisition, Loans, Funding resources
If you want to buy a business, whether it is a small business like a restaurant, laundromat, e-commerce store, or a franchise, or even a large enterprise like a factory or firm, you have options You can search public listings and online resources, network within your community, or hire the services of a business broker who specializes in connecting buyers with sellers and can possibly even approach businesses that are not currently for sale to see if they are open to having a conversation. Key steps to finding a business for saleThe first and arguably most important step to finding a business for sale is to set your personal objectives. This is where you define the type of business you want, its financial characteristics, the industry to focus on, the lifestyle associated with running the business, the amount you wish to invest, and the types of financing arrangements you are looking for. Knowing all of this in advance will reduce the risk of pursuing opportunities that don’t suit your needs and increase the odds of finding a business that you will enjoy running, and guide you towards lasting success. Once you know what you are looking for, the next steps are to begin your search. Tap into your network of personal and professional contacts and potentially retain a business broker to help you find a business that matches your objectives. Using a business brokerA business broker helps buyers and sellers of businesses find one another and complete a transaction. They...
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- [How to write a letter of intent (LOI) for business acquisition](https://swoopfunding.com/ca/acquire-a-business/how-to-write-letter-of-intent-loi/): A letter of intent is a letter to the seller of the business that lets them know you are seriously considering submitting a formal bid to purchase the business
### How to conduct due diligence for a business acquisition
> Due diligence means conducting a deep dive into the inner workings of a business, allowing you to identify its opportunities and risks.
- Published: 2022-12-28
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-conduct-due-diligence-for-a-business-acquisition/
- Category: Blog, Business acquisition, Investment
The ideal way to conduct due diligence is to first assemble a team of legal, accounting and other professionals, to then sign a Letter of Intent (LOI) with the seller, and finally, to follow a step-by-step process to analyze and evaluate the business. What is due diligence? Due diligence means conducting a deep dive into the inner workings of a business. It allows you to identify its opportunities and risks, to determine whether it is desirable to purchase and, if so, calculate a potential purchase price. How do I carry out due diligence? Due diligence is not easy — it’s a detail-oriented process that, if done correctly, can take weeks or even months to complete. It is wise to define what your process will be at the outset so that no stone goes unturned. There will be a temptation to save time and money by hurrying the process, but being methodical in your due diligence is crucial to ensure that you make the best decision and avoid negative surprises after the deal is signed and there’s no going back. Define a processYour due diligence process should address a series of key topics. Here are some of the essential questions to ask:How financially sound is the business? This includes a line-by-line analysis of revenue and expenses over time to understand how profitable the business is and which way its sales are trending. How healthy is the environment? This refers to factors outside the four walls of the business, such as trends...
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- [How to finance a business acquisition](https://swoopfunding.com/ca/acquire-a-business/how-to-finance-a-business-acquisition/): If you are looking to finance an acquisition & you are not able to bootstrap the business financing by yourself, there are a number of options available to you.
- [Match funding for grants explained – what is it?](https://swoopfunding.com/ca/business-grants/match-funding/): Match funding for grants means that in order to receive a particular grant, you will need to fund some of it yourself, often through a loan. Learn more here.
### How to find a business acquisition broker
> Like any important professional relationship, finding a business acquisition broker is partly about looking through listings and asking for referrals.
- Published: 2022-12-27
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-acquisition-broker/
- Category: Blog, Business acquisition, Funding resources
Like any important professional relationship, finding a business acquisition broker is partly about looking through listings and asking for referrals to someone competent, and partly about choosing a person who you will feel comfortable working with. You will probably want to interview several brokers before deciding on the best one for you. Here are some places to look:Search for business brokers. Type “business brokers” into any search engine, and you will find local options. The good thing about this approach is you will probably find many potential brokers. The challenging thing is it may not be obvious who is likely to be a good fit for your needs. Business for sale listings. Another approach is to search online and even scan local newspapers for businesses that are currently for sale. Very often, you will see the name of the business broker listed. This might help you identify the exact business you want, or at least a broker who is already working with similar businesses. Ask for referrals. If you know business owners who have bought or sold a business, they might be able to recommend someone. And, as you are assembling your business acquisition team, there’s a good chance your banker, accountant, attorney, or financial planner can recommend someone. Check the IBBA. The International Business Brokers Association trains and certifies business brokers, and its website allows you to search for local professionals by postal code. Many business brokers will be competent, but some will be better than others. One way...
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- [Closing the racial funding gap: identifying the issues and asking what can be done to put money in the hands of BIPOC entrepreneurs](https://swoopfunding.com/ca/blog/closing-the-racial-funding-gap-identifying-the-issues-and-asking-what-can-be-done-to-put-money-in-the-hands-of-bipoc-entrepreneurs/): BIPOC receive less business financing, less often and at higher rates, making it harder for them to secure the funding they need. Read how we can close this gap.
### How to buy a business
> For most buyers of existing businesses, the goal of financing is not only to acquire the business, but to make sure you have the flexibility and resources to grow.
- Published: 2022-12-23
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-buy-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Buying a business is a multi-step process. Although the process can vary, these are some of the key steps you should take when looking to acquire an existing business:Define your objectives. Start by knowing why you want to acquire a business, which type of business you want, and how you will measure your success. Assemble a team of advisors. Line up the right professionals to assist you in your new company. Your team might include a business broker and legal and accounting advisors. Draft an acquisition plan. Map out your timeline, your budget, the role of each team member, the type of company you want to buy. and the risks you’re prepared to accept. Identify a business to buy. Use your personal network, public listings, and professional assistance to find a business that matches your objectives. Draft a letter of intent. This lets the seller know that you are serious and will kick off the formal due diligence and negotiation process. Conduct due diligence. Closely evaluate the business — its financial status, employees, suppliers, customers, and competition. Negotiate the acquisition price. Determine a fair price to pay for the business and work with the seller to come to an agreement. Arrange financing. Fund the acquisition using some mix of personal savings, investor equity, and debt from a lender or even the vendor themselves. Finalize the deal. Agree with the seller on every term and condition of the sale and sign the paperwork. Transition ownership. Start operating your new business and...
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- [How to survive a recession](https://swoopfunding.com/ca/blog/how-to-survive-a-recession/): Economists are predicting a global recession by the end of 2022. With a recession comes uncertainty and opportunity. Read 4 steps to surviving a recession here.
### How to write a letter of intent (LOI) for business acquisition
> A letter of intent is a letter to the seller of the business that lets them know you are seriously considering submitting a formal bid to purchase the business
- Published: 2022-12-22
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-write-letter-of-intent-loi/
- Category: Blog, Business acquisition
Once you’ve set your objectives for buying a business, done your initial research and identified what looks like a good acquisition target, it’s time to let the seller know that you’re officially interested. This makes it possible to deepen your research and move the project forward. The tool you use at this point is a letter of intent — which is often referred to as an LOI. What is a letter of intent? A letter of intent is a letter from you to the seller of the business that lets them know that you are seriously considering submitting a formal bid to purchase the business, and that lays out the proposed transaction details at a high level. Although it is not a legally binding agreement to purchase, it may include elements that create binding obligations between the potential buyer and seller, including:Confidentiality agreement. This lets the seller know that they can safely disclose key information about the business to you, such as their financial records, client lists, and intellectual property, and that you will keep it confidential. This allows you to examine the business much more closely and puts the seller’s mind at ease. Exclusivity period. This sets out a period of time during which the seller agrees not to entertain offers from any other buyers without speaking to you first. This gives you the time you need to do your due diligence and protects your option to buy if you so choose. There may be financial penalties for the...
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- [Is now the best time to start a business? (No - but that shouldn’t stop you)](https://swoopfunding.com/ca/blog/is-now-the-best-time-to-start-a-business-no-but-that-shouldnt-stop-you/): Economic news may be pessimistic, but there are reasons for entrepreneurs to be optimistic about new ventures. Read here why now is the perfect moment to start.
### How to finance a business acquisition
> If you are looking to finance an acquisition & you are not able to bootstrap the business financing by yourself, there are a number of options available to you.
- Published: 2022-12-21
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-finance-a-business-acquisition/
- Category: Blog, Business acquisition, Loans, Funding resources
Often, the purchaser of a business will give the seller a Letter of Intent to purchase the business that is contingent on being able to secure financing. If you get to this step and you are not able to bootstrap the business financing all by yourself, there are a number of options available to you. For most buyers of existing businesses, the goal of financing is not only to acquire the business, but to make sure you have the flexibility and resources to grow. What is a business acquisition? A business acquisition involves one person or entity purchasing a business from another person or entity. This could mean a single person buying a local restaurant franchise from somebody else, or a large manufacturing company taking over the operations and production facilities of a smaller competitor. Whether your deal is large or small, simple or complex, chances are it will require some type of outside financing. How can I finance a business acquisition? When considering how to buy a business, the simplest way is to fund it out of your own savings or to access personal borrowing facilities such as a home equity line of credit. But for many business owners, these sources will not be enough. You may need to consider raising equity from investors or taking on some type of business loan. These are the same basic options used by large enterprises when they make an acquisition. Acquisition financeMany business acquisitions are financed by a combination of personal money,...
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- [The five things that make a business investable](https://swoopfunding.com/ca/blog/the-five-things-that-make-a-business-investable/): Here we are going to look at the five things that make a business investable: what investors want to see from your business and you as someone they can work with
### Match funding for grants explained – what is it?
> Match funding for grants means that in order to receive a particular grant, you will need to fund some of it yourself, often through a loan. Learn more here.
- Published: 2022-10-24
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-grants/match-funding/
- Category: Grants, Loans, Funding resources
Business grants can be a crucial source of funding for small businesses. They can help businesses expand, research and develop new products or invest in training and equipment. Business grants are usually awarded by the government or other companies but, unlike a loan, they do not need to be repaid.   When researching business grants you might come across the term ‘match funding’. It’s important to understand exactly what match funding means and how it could potentially impact your business. Here, we explain all you need to know about how match funding works. What is match funding for grants? Match funding for grants means that in order to receive a particular business grant, you will need to put up some of your own funds. Grant organisations might request match funding to give them the reassurance that you are serious about the project being invested in and that you are able to raise adequate funds to support it. How does match funding work? With match funding, you as the business agree to put up a certain percentage of the total funding required, and the partner organisation will provide the rest. Often, businesses will provide match funding in the form of a loan, but there are other options, as we explain below. As with all grants, match funding criteria can vary widely, so it’s important to research your options carefully to be sure you are applying for the right option for your business. What is charity match funding? Charity match funding works...
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- [Women mean business: support Canada’s female-led SMEs](https://swoopfunding.com/ca/blog/women-mean-business-support-canadas-female-led-smes/): To mark Women’s History Month, Swoop has selected some of the schemes and competitions open to women business leaders in Canada. Read about them here.
### Closing the racial funding gap: identifying the issues and asking what can be done to put money in the hands of BIPOC entrepreneurs
> BIPOC receive less business financing, less often and at higher rates, making it harder for them to secure the funding they need. Read how we can close this gap.
- Published: 2022-09-01
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/closing-the-racial-funding-gap-identifying-the-issues-and-asking-what-can-be-done-to-put-money-in-the-hands-of-bipoc-entrepreneurs/
- Category: Funding resources, Blog
BIPOC-founded businesses can struggle to raise the same amount of funding as their white counterparts BIPOC receive less business financing, less often and at higher rates: According to the Federal Reserve, black, indigenous and people of color (BIPOC) entrepreneurs are at a disadvantage when it comes to accessing funding for their businesses. The figures from the Reserve are stark: 80. 2 percent of white business owners receive at least some of the funding they request from a bank; by contract, just 66. 4 percent of BIPOC business owners receive funding. These findings are highlighted in a report by the Ontario Chamber of Commerce last year that also found small, white-owned firms received over $30,000 more than comparable companies led by BIPOC. Loans are also more expensive, with the Minority Business Development Agency announcing: ”Minority firms paid 7. 8 percent on average for loans, compared with 6. 4 percent for non-minority firms. ” Daire Burke, Head of North America at Swoop says that the figures make disturbing reading: “One reason why BIPOC businesses find it harder to obtain funding is that they are subject to more scrutiny than their white counterparts. We have seen a study that says BIPOC businesses are asked more often to provide financial statements, income tax returns, bank account information, personal financial asset details and credit card debt. There is also less informal help offered for tasks such as filling in loan applications which can make a big difference to approval rates. ” Will this change? Daire...
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### How to survive a recession
> Economists are predicting a global recession by the end of 2022. With a recession comes uncertainty and opportunity. Read 4 steps to surviving a recession here.
- Published: 2022-08-04
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-survive-a-recession/
- Category: Blog
Winners, losers and lessons learned from the 2008 crash AUTHOR: Orlando Stirling Economists are predicting a global recession by the end of 2022. With a recession comes uncertainty – and also, potentially, opportunity. Can we learn from the past? The 2008 crash was the last major financial event that affected countries worldwide. The UK economy shrank by more than six percent between the first quarter of 2008 and the second quarter of 2009 and took five years to recover to the size it was before the recession. The latest data show that despite COVID-19, the UK economy is now 11 percent bigger than it was before the recession. While recessions cause hardship and business failure, they are also drivers of innovation and change. To survive, or even thrive, during a recession, businesses must make strategic decisions about how they will face the particular challenges affecting their industry and take advantage of new opportunities. The 2008 recession winners Three industries were able to use the 2008 recession as a springboard to success. While discretionary spending went down, essential goods and services held relatively strong. Healthcare, for example, is considered by many to be a “must have” and did relatively well through the downturn. As Investopedia notes, however, not all healthcare companies are created equal: recessions are likely to damage those companies made vulnerable through having more debt and less income flow. Nevertheless, if your business is truly “essential” to your customers, you are in a strong position to survive recession. Discount...
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### Is now the best time to start a business? (No - but that shouldn’t stop you)
> Economic news may be pessimistic, but there are reasons for entrepreneurs to be optimistic about new ventures. Read here why now is the perfect moment to start.
- Published: 2022-06-01
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/is-now-the-best-time-to-start-a-business-no-but-that-shouldnt-stop-you/
- Category: Loans, Blog
Economic news may be pessimistic, but there are reasons for entrepreneurs to be optimistic about new ventures AUTHOR: Daire Burke, Head of Canada at Swoop The best time to plant a tree, they say, was twenty years ago. The second-best time to plant a tree is now. Twenty years ago, that advice was still the same. Does it hold true for businesses? Would-be founders should remember that uncertainty goes with the territory. “A computer in every home” sounded like a fantasy when the likes of Apple and Microsoft built their first machines. Today, just the one computer would mark your home out as unusually technology-lite. Not every business can reshape the world as profoundly as Apple and Microsoft, but they can turn uncertainty to their advantage. Uncertainty presents opportunities: for example, the wave of digital transformation that hit the financial services sector ten years ago saw the birth of disruptive and upstart banks, lenders, insurers and the like, all of them digital-first, agile, data-driven and speaking directly to their customer. The big banks were no longer competing with each other, they were fighting off dozens of tiny startup competitors. Today, when you speak with the legacy banks, their main concern is around how they can compete with the disruptors. Their outlook has completely changed. The big beasts of the financial world haven’t been knocked sideways by even bigger beasts, they’ve been tripped up by insects powered by digital technology. What industry would you be getting yourself into? There are two...
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### The five things that make a business investable
> Here we are going to look at the five things that make a business investable: what investors want to see from your business and you as someone they can work with
- Published: 2022-03-30
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/the-five-things-that-make-a-business-investable/
- Category: Investment, Equity, Blog
If you want your business to appeal to investors, make sure you give them what they want AUTHOR: Kerry Dwyer, Equity Manager at Swoop With a new tax year approaching, now is a good time to take a step back and consider your approach to attracting investment into your business. Investors are looking to give promising businesses two things: money and expertise. In return, you need to be able to demonstrate that these will be good investments. In this article, we are going to look at the five things that make a business investable: these are the things that investors will want to see from you to ensure that not only is your business sound, but also that you are someone they can work with. #1 A great idea At the core of everything is the fundamental idea of your business. Front and centre, what problem does your business solve? It is important to be clear about this and not to make the mistake of overdoing the slide on your pitch deck that covers this, making it seem as though the problem is being ‘fluffed up’. Airbnb’s seed pitch deck covered their problem in three key points: they addressed the customer’s problem and the hotels/hosts’ problem before leading into the next slide on the solution: A web platform where users can rent out their space to host travellers. Getting your solution in one line here is important. Be prepared to iterate time and time again over this, ask for opinions,...
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### Women mean business: support Canada’s female-led SMEs
> To mark Women’s History Month, Swoop has selected some of the schemes and competitions open to women business leaders in Canada. Read about them here.
- Published: 2022-03-03
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/women-mean-business-support-canadas-female-led-smes/
- Category: Investment, Funding resources, Blog
Women are well represented when it comes to startups, but these often remain small rather than scale up into larger businesses. The result is less VC money goes into women’s businesses. Daire Burke, Head of Canada at Swoop, says that for female-led businesses to thrive, change needs to happen: “First, if you look around the venture capital firms of this world, they are very male. There is a bit of a sense of ‘jobs for the boys’ - literally. That’s changing, but it’s slow. Second, women business owners tend to be slower at seeking VC money and they are often more conservative in how much they are seeking from investors. That’s really the job of everyone in the ecosystem, from advisors to entrepreneurs to push the envelope a bit more. ” Swoop itself is a female-led business that has raised £6. 5million since the company was founded in 2018. Andrea Reynolds, Founder and CEO at Swoop says:  “Grant funding has a really important role to play in getting a business up and running. In making a success of your idea, you have to use whatever you’ve got. When an agency hands out money to help specific groups, entrepreneurs should always check the eligibility criteria and put forward the best possible case. ” To mark Women’s History Month, Swoop has selected some of the schemes that are helping level the playing field for businesses owned by women.   WES Ecosystem Fund The Government of Canada has announced its commitment to advancing...
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### Canada’s COVID-19 winners, losers - and what comes next in 2022
> After a tumultuous two years, Canada’s SMEs are adapting to a new normal. Here we explore whether struggling businesses are getting the help they need.
- Published: 2022-01-18
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/canadas-covid-19-winners-losers-and-what-comes-next-in-2022/
- Category: Ecommerce, COVID-19, Blog
After a tumultuous two years, Canada’s SMEs are adapting to a new normal. Daire Burke, Head of Canada at Swoop, explores whether struggling businesses are getting the help they need to turn their fortunes around AUTHOR: Daire Burke, Head of Canada at Swoop Small and medium enterprises (SMEs) are a vital and thriving part of the Canadian economy, providing employment and growth despite the disruption caused by COVID-19. As Head of Canada at Swoop, I’ve seen how Canadian businesses have dealt with the pandemic and seen why some businesses have boomed while others have failed. A catalyst for inequality Around the world, the pandemic has been a catalyst of inequality and we are seeing that particularly in Canada: hospitality, tourism and the health and fitness sectors are really struggling. On the other side of the coin are those businesses which have reduced their overheads by closing their offices and wiping out the rent, energy and travel costs from their P&L. Provincial governments have started making Small Business Relief Grants available this month for businesses forced to close under the latest set of restrictions. These are generally up to $10,000, but taking headcount as the main metric used to calculate grant entitlement, many small businesses are left with relatively little. Even at the higher end, $10,000 would do little to cover the lost revenue and looming overheads faced by a restaurant or gym forced to close. Other schemes to help businesses include partial rebates on energy overheads and tax commitments. Again,...
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### Funding your franchise: a guide for franchisees
> You want to become part of a franchise because you want the security of a tested business model, a recognisable brand and support in growing your own business.
- Published: 2021-12-10
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/funding-your-franchise-a-guide-for-franchisees/
- Category: Partners, Loans, Funding resources
Whether this is your first franchise or your fiftieth, Swoop’s finance experts will make your life easier. BACKGROUND You want to become part of a franchise because you want the security of a tried and tested business model, a recognisable brand and support in growing your own business. To do this, you will need to run a business that has the resources needed to meet the brand standards of the franchise you have chosen, but getting the funds required to open and equip a franchise, train staff and market the business to customers can be challenging. Swoop is a funding platform that helps businesses find the money they need to get started, grow and succeed. What is franchise finance? Franchise finance is a loan of money to enable you to buy and open a franchise. It could cover the cost of premises, equipment, licencing, marketing and may include running costs for a period of time until the franchise is generating income. Franchises are attractive businesses because they allow entrepreneurs to buy into an established brand. Customers like to buy from brands they already know, which is why franchises will have guidelines on how premises and signage should look, the equipment it should contain, the uniforms the staff wear and even software used to run the business. Buying a franchise is a very established path to building a successful business, but the costs of starting up can be higher than for other similar businesses (for example, non-franchise companies may be able...
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### Secured vs. unsecured business loans – what’s best for my business?
> Secured and unsecured business loans both have their pros and cons. If you are unsure which to go for, read all about them here.
- Published: 2021-09-20
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/secured-vs-unsecured-business-loans/
- Category: Blog, Grants, COVID-19, Funding resources
Whether it’s in the context of business loans or, for that matter, any type of finance, the distinction between secured and unsecured lending is a crucial one. Let’s take a look at different types of ‘security’ you might want to offer up to a lender, the pros and cons of secured vs. unsecured loans, and what you should consider before you take out either type of loan. Let’s first look at some definitions. What is a secured business loan? A secured business loan allows you to use an asset – or the total value of multiple assets – as security against the amount you borrow. The lender uses your asset(s) as a form of guarantee and is therefore often able to offer better repayment terms than you’d find with an unsecured business loan. Secured business loans are typically secured against property, equipment, machinery or land – but lenders might use any high-value assets that either you or your business might own. There are other types of secured lending though. For example, invoice finance allows you to use your invoices and accounts receivable (i. e. money owed to your business) as security for a loan. With a secured loan, the security of course reduces the risk for lenders. This not only increases your chances of actually getting a loan, but usually allows you to borrow more money, for a longer term – and you’ll be offered better interest rates compared to those for an unsecured loan. What is an unsecured business...
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### How to refinance a business loan
> Find out all you need to know about refinancing a business loan and if it’s the right decision for your business. Get started with Swoop.
- Published: 2021-01-19
- Modified: 2024-12-17
- URL: https://swoopfunding.com/ca/blog/how-to-refinance-a-business-loan/
- Category: Blog, SME support, Savings, Loans, Funding resources
As interest rates drop, many businesses are reevaluating their current loans and looking for opportunities to refinance existing debt to optimize their financial position. Lower interest rates present the opportunity not only to reduce costs of borrowing, but also to free up cash flow to fuel growth and capital investments. If you took out a loan when your business was just starting up or some time has passed since, it’s likely that you’ll now have access to a wider range of business financing possibilities than you did back then. Since applying for your original loan, your business may have grown and become more established, you may have built up a business credit history, and you may even have some collateral to put down for a new loan. As a result, your business is likely to be much more attractive to lenders and you’re more likely to get approved for more competitive business loan rates and terms, making now a good time to refinance. Here, we explain all you need to know about refinancing a business loan. How does debt refinancing work? When you refinance a business loan, you simply take out a new loan to repay your existing one. There are many benefits to doing this. For a start, it could allow you to take advantage of lower interest rates, making your new loan much cheaper than your existing one. Alternatively, refinancing could enable you to choose a longer loan term and reduce your monthly payments, or it could allow...
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## Case studies
### Fueling growth: how Swoop helped a medical equipment distributor break through cash flow constraints
- Published: 2025-05-08
- Modified: 2025-05-08
- URL: https://swoopfunding.com/ca/case-studies/how-swoop-helped-break-through-cash-flow-constraints/
At Swoop, we empower businesses to achieve their full growth potential. This case study illustrates how we partnered with a rapidly expanding medical equipment distributor in Canada to overcome a critical cash flow challenge that was hindering their ability to capitalize on growth opportunities. Challenge: This ambitious medical supply company faced a common growth hurdle: the need to balance increasing demand with the financial realities of inventory management. They had a significant opportunity to leverage valuable bulk purchase discounts for medical equipment, but the upfront costs strained their cash flow. They required a flexible funding solution to bridge this gap and enable them to invest strategically in inventory without compromising their operational liquidity. Finding the right business financing for medical suppliers was crucial for their continued expansion. Ready to explore funding options to fuel your inventory growth? Get started today. Solution: Swoop connected the distributor with a lender specializing in Canadian business financing. We successfully secured a $500,000 line of credit, providing crucial working capital flexibility for bulk inventory purchases. This flexible financing for inventory allowed them to take advantage of cost savings and consistently fulfill customer demand. Furthermore, we identified an opportunity to optimize their existing financial structure by successfully refinancing their existing SBA loan at a lower interest rate, further enhancing their financial stability and freeing up capital for growth. Is your business looking for flexible working capital solutions? Explore line of credit options. Result: The implemented financial solutions had a transformative impact. The distributor gained the purchasing...
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### From the basement to app store top charts
> TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years. Read how we supported their growth here.
- Published: 2025-05-06
- Modified: 2025-05-06
- URL: https://swoopfunding.com/ca/case-studies/from-the-basement-to-app-store-top-charts/
- Category: Loans
TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years, pioneering the use of AI to create personalized, frictionless digital experiences. Founder and CEO Kundan Joshi has always believed in the power of technology to solve everyday problems and improve human experiences. As the company scaled rapidly across geographies and expanded its AI-driven product lines, TheAppLabb needed funding to bridge key growth periods. That’s when they partnered with Swoop. Through Swoop’s support, they secured a tailored working capital loan that allowed them to move quickly — fueling innovation, supporting expansion into the U. S. , and accelerating the launch of new solutions. Kundan credits the partnership for unlocking opportunities not only for TheAppLabb, but also for their clients. “We really found Swoop as a great one-stop shop for our finance team and the Swoop team has been fantastic in matching our needs with the right solutions,” he shared. With growth in full swing, TheAppLabb continues to push boundaries in mobile and AI innovation, backed by a financing partner that grows with them.
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### Strategic funding driving groundbreaking innovation
> Mannin is ready to grow and form international partnerships to amplify their impact. Through collaboration with Swoop, they’ve built a strong relationship.
- Published: 2025-03-28
- Modified: 2025-05-07
- URL: https://swoopfunding.com/ca/case-studies/strategic-funding-driving-groundbreaking-innovation/
- Category: Grants, Loans, Small business stories
Mannin Research is dedicated to developing innovative treatments for vascular diseases like glaucoma, kidney disease, and respiratory conditions. Their goal is to make a real difference in patients' lives with groundbreaking therapies. When they reached a critical point in their research, Mannin turned to Swoop for the funding they needed. With the expert support of the Swoop team, they secured the right financing and were able to quickly and smoothly expand both their team and research capacity. “Those funds helped us meet the next stage of our business, where we're now able to hire some really great management,” George shared. With their next financing round on the horizon, Mannin is ready to grow and form international partnerships to amplify their impact. Through ongoing collaboration with the Swoop team to meet various funding needs, they’ve built a strong, supportive relationship. As George puts it, “When I think of Swoop, I think of family. ”
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### Turning dreams into reality with a startup loan
- Published: 2025-02-17
- Modified: 2025-05-07
- URL: https://swoopfunding.com/ca/case-studies/turning-dreams-into-reality-with-a-startup-loan/
- Category: Loans, Small business stories
Nicolás Prada opened Piragua Colombian Specialty Store to share his culture and cuisine with the community. Offering homemade Colombian dishes, retail goods, and 100% Colombian coffee, his goal was to provide a taste of Colombia. After facing rejections from banks, Nicolás turned to Swoop for funding. “Swoop made my dream possible when the banks said no,” he says. With Swoop’s quick and easy loan process, he was able to open Piragua. The process was smooth and fast, with Swoop’s team providing ongoing support and guidance. “In less than a month, I got the loan,” Nicolás says, praising the speed and ease of working with Swoop. Thanks to the funding, Piragua is thriving, and Nicolás is gearing up to grow the brand.
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### Floating to new heights with a streamlined acquisition
> Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. See how Swoop helped Rosh here.
- Published: 2025-01-30
- Modified: 2025-02-05
- URL: https://swoopfunding.com/ca/case-studies/floating-to-new-heights-with-a-streamlined-acquisition/
- Category: Loans
Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. As an athlete with a background in Taekwondo, soccer, and badminton, Rosh understands the importance of recovery and discovered float therapy as a powerful, non-invasive way to heal. H2O Float Studio stands out by offering not just float therapy, but also registered massage therapy, unique themed floats, and even the option to float with a partner—something you won’t find anywhere else in Toronto. Thanks to funding from Swoop and its partners, Rosh was able to acquire the business and expand its offerings. With a dedicated team that prioritizes relaxation and rejuvenation, H2O Float Studio has nearly doubled in size in the past year. Looking ahead, Rosh plans to introduce hydrotherapy, psychotherapy, red light therapy, and sound healing—continuing the mission to be Canada’s go-to destination for mind and body reset.
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### How Swoop is helping Ark Renewable Energy keep Canada’s lights on
- Published: 2024-08-16
- Modified: 2024-09-10
- URL: https://swoopfunding.com/ca/case-studies/ark-renewable-energy/
Ark makes switching to solar easy for Canadians, but the company’s rapid growth sparked a need for funding Making your own energy is a no-brainer for many Canadians: after a period of volatile electricity prices and power outages, households with solar panels are able to reduce their costs, have a reliable supply and play their part in a sustainable future. For the last three years, the Canadian government has supported households by offering loans at zero percent interest to cover the cost of buying and installing solar panels. It’s a popular incentive that keeps the phones ringing, says Jamie Hoenisch, Engineering and Sales at Ark Renewable Energy. He says:  “There’s a lot of demand and interest in residential renewables. At Ark, we design and install customized solar systems in a seamless and hassle-free process. This is our second year in business but we have a full order book and there’s a clear opportunity to grow fast in the near future. ” What’s the problem? That zero percent federal loan to the customer is paid in two stages: 15 percent up front and the balance after completion of the work. This leaves a shortfall in covering the full cost of buying and fitting the solar panels. To remain competitive, the challenge of meeting the up-front cost of carrying out each project falls on Ark.   Jamie says that as a young company, their growth hinges on being able to find the money needed to make these projects happen: “When your sales cycle...
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### The Garage Door Depot case study
- Published: 2024-07-30
- Modified: 2025-02-05
- URL: https://swoopfunding.com/ca/case-studies/the-garage-door/
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### Even bankers are coming to Swoop for funding
> Knowing that Swoop had an established business in the UK, Irfan saw an opportunity to leverage Swoop's marketplace of funders and put the platform to the test.
- Published: 2024-06-11
- Modified: 2024-06-11
- URL: https://swoopfunding.com/ca/case-studies/bankers-coming-to-swoop/
When the employee of a major Canadian bank needed help funding their property portfolio, Swoop had the solution to their needs Irfan, a past executive leader at Canada's largest bank, got to know about Swoop when he was helping our company expand from the UK and Ireland into North America.   While working with us, Irfan was able to gain a deeper understanding of Swoop's offering and saw the value that it offered to business owners looking to compare the best financial products for their specific needs. Irfan’s own business interest lay in acquiring commercial property in Britain. Knowing that Swoop had an established business in the UK, Irfan saw an opportunity to leverage Swoop's marketplace of funders and put the platform to the test. As Daire Burke, Head of North America at Swoop says, there were a few issues in the way: “Irfan is not resident in the UK and his co-buyer didn’t have formal real estate experience. That said, they were from a family with a history of real estate investment and had been working alongside family members to gain experience for several years. The properties they were looking at were classified as ‘high street retail’ by several lenders, which limited their appeal. This was despite their location in a highly desirable and affluent area of the country. ” The properties that Irfan and his co-buyer were looking at were occupied by several different tenants and a number of the leases were due to expire within the next...
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### Atelier Munro
> Watch our small business stories with Atelier Munro here.
- Published: 2023-02-28
- Modified: 2023-02-28
- URL: https://swoopfunding.com/ca/case-studies/atelier-munro/
https://www. youtube. com/watch? v=mbX_H0gGlDE&list=PLUDDN7SlgXaNgxPjYoKQ9CGCwxVpQ6TDg&index=2
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### Finding a new lender to put their faith in a growing care home business
- Published: 2022-11-01
- Modified: 2024-12-05
- URL: https://swoopfunding.com/ca/case-studies/finding-a-new-lender-to-put-their-faith-in-a-growing-care-home-business/
When the customer’s former lender left the healthcare market, finding a replacement proved challenging. Then Swoop stepped in. If your go-to funding option dries up, what would you do?   That was the situation facing our care home customer earlier this year as their original facility expired. On going back to their lender, they found that they had made the decision to pull out of the healthcare market.   This came as a severe blow to the customer who just about survived, despite turning away new residents throughout the COVID-19 pandemic in order to protect existing residents. Now, with the care home returning to full occupancy, profits were up - but this wasn’t sufficient for most lenders.   “After doing the right thing and surviving through the pandemic, it felt like a slap in the face to be told lenders wanted a full 12 months of data to confirm our profitability,” explained Swoop’s customer. “Just as we felt we were bouncing back, it felt as though the rug was being pulled. ” Swoop’s Commercial Mortgage team took on the case. Ed Brown, Commercial Finance Manager at Swoop explains:  “From a business point of view, the only way was up: the home was making its way to full occupancy and becoming as profitable as it had ever been. For me, this was a business that had shown resilience, courage in taking the right actions to protect people, and I thought they deserved another chance to keep the doors open. ” Swoop...
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### AreaWealth Case Study
- Published: 2021-09-27
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/areawealth-case-study/
The Challenge AreaWealth is a technology driven investment management platform that maximises efficiencies for advisers in managing their clients’ financial needs. The Australian fintech provides a secure all-in-one platform that integrates a vast array of tools and resources through which advisers can assess, identify, and initiate targeted solutions for their clients. With their business model proven, Areawealth was eager to pursue ambitious strategic objectives to further client growth as well as expand their product offerings. In order to do so Areawealth needed access to further equity capital yet was unsure of how to navigate the equity landscape successfully. The Solution Areawealth initiated an equity seed capital raise with Swoop and leveraged Swoop’s expertise and connections within the equity funding space. Initially, Swoop – led by our equity expert Tim Brown - assisted in the preparation of AreaWealth’s pitch deck and presentation. Following such, AreaWealth was introduced to First Pacific Capital who would become their strategic funding partner. The Results With Swoop working as an intermediary and advisor to AreaWealth and First Pacific Capital throughout the process, AreaWealth was able to secure a capital raise of $2 million dollars. Client Testimonial “Swoop has been instrumental in achieving our desired Seed round funding objective which was oversubscribed, through an introduction of a Strategic Funding Partner - First Pacific Capital Pty Ltd. Throughout this process Tim has been strategic, collaborative and supportive working directly with AreaWealth and First Pacific Capital. ” Dean Lupton, Chief Commercial Officer - Area Wealth Administration Services Pty Ltd
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### Case Study: Concise Media
- Published: 2021-09-21
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/case-study-concise-media/
The challenge Having recently been appointed CFO at Concise Media, Mark Winkler had been working with the team for a number of months, exploring the different funding avenues available to the business. With Concise Media growing very quickly, the team wanted to ensure that they found a debt option that was right for the business. They had applied for CBILS previously but had been rejected due to the EU rule on state aid. The solution After being introduced to Swoop, Mark had a conversation with Mike and Sam from the Swoop team about the opportunities available to the business. Importantly, he received an update from Swoop regarding changes to the eligibility criteria for CBILS. Following this, Swoop were able to identify two or three parties that they felt might be suitable - in particular, they thought IWOCA would be a good match. The results Mark worked closely with Swoop to collate and present the information to IWOCA in the appropriate manner. This led to a call with IWOCA themselves followed by a proposal. Everything was wrapped up that day, and the money came through over the bank holiday weekend. Client testimonial “There were a number of elements which were important in this process, but primarily this was access to a broad range of lenders, and a deep level of expertise and genuine understanding of the debt products and the lenders’ requirements. With any debt products, there’s always the risk of downside circumstances so it’s important to have a team like...
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### Funding adds spice to growing condiment brand
> Find out how Swoop helped Moi Moi Sauce access the funding they needed to grow with confidence.
- Published: 2021-07-08
- Modified: 2021-07-08
- URL: https://swoopfunding.com/ca/case-studies/funding-adds-spice-to-growing-condiment-brand/
Moi Moi Sauce needed security to grow with confidence. Swoop found the perfect accompaniment. The challenge:  Founded by Arron Maddix, Moi Moi Sauce is a sustainable and environmentally friendly brand offering a selection of hot sauces to its customers. Alongside this, they have also created a pop-up restaurant business, with long term ambitions to turn this venture into an event catering company.   With customer sales increasing, Arron knew the next step was to invest more in the business, but needed some extra capital to achieve this.   The solution:  Having met Neil Dillon, Swoop’s Head of Equity, on a Virgin Step Up course, Arron decided to solicit Swoop’s help in his search for funding. Working with David from the Swoop team, he explored a number of potential routes, and settled on an advance funding option via YouLend. This solution provided a Merchant Cash Advance of £12,000 for unexpected expenses, which in turn gave Moi Moi Sauce the extra security it needed for the business to grow.   The results: Having secured the cash advance, the business was more cash flow stable. They will be moving to a new kitchen soon and scaling up in terms of production to a factory in Milton Keynes. With plans to create a sustainable recycling system connected to Moi Moi Sauce bottles, they are excited about the next steps in their business plan.   Client testimonial: “Swoop is very good at managing your expectations, helping you to remain realistic about the funding opportunities available...
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### Presols case study
> See how Swoop helped Presols access additional revenue needed to take their business to its next stage of growth.
- Published: 2020-12-18
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/case-studies/presols-case-study/
The challenge Presols offers long-term, high-quality and sustainable products and solutions for both business and retail segments. Aware of the shift in preferences and attitudes of the general public towards hygiene following the impact of COVID-19, and concerned about the major environmental impact of disposable masks, Presols sought to become a holistic provider of preventative hygiene products. This includes offering their customers high-quality washable, reusable and customisable facemasks. Having partnered with manufacturers across each of their product lines, and now at the point of generating revenue and breaking-even, additional revenue was needed to take the business to its next stage of growth.   The solution It was at this point that the team at Presols applied for Startup Funding having been connected to Virgin Startup by Swoop. The Swoop team also helped Presols assess their FX exposure and identify how they could be charged less FX fees for every inventory order made in dollars.   The results  Presols was able to use the funds to finance inventory purchase, enabling further growth for the business as the team continues to achieve great results like receiving Amazon’s Choice for one of their face mask collection.   Client testimonial  “We came across Swoop through a web search. The experience with Swoop has been fantastic. They really took the time to understand our business and continue to engage with us. This has helped us open new doors of funding and cost savings. ” www. presols. co. uk  https://www. linkedin. com/company/presolsuk/https://www. facebook. com/presolsuk/https://www. instagram. com/presolsuk/
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### Holy Moly case study
- Published: 2020-04-27
- Modified: 2020-04-27
- URL: https://swoopfunding.com/ca/case-studies/holy-moly-case-study/
---
### The Story of Bookbarn International
- Published: 2019-10-29
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/the-story-of-bookbarn-international/
The challenge Bookbarn International sells second-hand and antiquarian books through 20 different online marketplaces around the world.   William Pryor – a direct descendent of Charles Darwin – and a colleague took over the troubled business in 2013 and has spent the last six years turning it around. He built the brand and put the software and systems in place that have enabled it to trade effectively on a global scale. Today, around 80 per cent of its sales are online, with the other 20 per cent taking place from its two shops and café in Somerset. After an appearance on Dragons’ Den in 2017 failed to attract investment, William began looking for alternative financial backing to grow the business, which was growing 25 per cent year on year. The solution Earlier this year, Bookbarn International CEO Nick Bates came across the Swoop Funding platform and advised William to get in touch. William had engaged a number of brokers previously, and none were able to get him the funding needed. It didn’t take long for that to change once he’d discovered Swoop. The results One call with the Head of Funding Solutions at Swoop was all it took. Swoop understood the complexities of the Bookbarn International business, and was able to build a strong business case for an underwriting team to give William a fast decision. On September 13 2019, just four days after his initial contact with Swoop, William – who has written several books himself – received an...
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### Case Study: Holy Moly Dips
- Published: 2019-07-19
- Modified: 2024-04-26
- URL: https://swoopfunding.com/ca/case-studies/case-study-holy-moly-dips/
The challenge Mexican food fans Gaz and Tom made it their mission to create a range of 100% natural guacamole and avocado-based dips, after a discussion about why you couldn’t buy delicious guacamole in supermarkets. They had the basis of a great idea in Holy Moly Dips, but no idea how to make it a reality. They needed funding and advice in order to design and make their product, bring it over from Mexico and get it into UK supermarkets. And they needed to understand more about the commercial, financial and operational pitfalls they might face as an SME. Thesolution The Holy Moly Dips duo discovered Swoop through an entrepreneurial accelerator. Over the last two years, Swoop has helped the Holy Moly Dips team in a multitude of ways, by listening to what they need and where they want to go, and helping them to find investors, partners and people who can support them in doing so. They have utilised a range of Swoop’s services, including financing, trade financing and tier one investment. Swoop has also linked Gaz and Tom up with a network of people who have been through similar experiences launching startups, or who have similar businesses – and now they all help each other. Theresults Holy Moly Dips has become the first company in the UK that has introduced 100% natural guacamole and avocado-based dips into the big supermarkets. It is sold in Waitrose, Sainsbury’s, Ocado and Wholefoods, and more than 100 other stores. Everything is made...
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### Case Study: Nimble Babies
- Published: 2019-06-21
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/case-study-nimble-babies/
The Challenge: Nimble Babies was founded by professional chemist Von Sy. When his sister mentioned that his niece’s milk bottles had gone cloudy and she struggled to get them really clean, Von set about finding a solution. He launched Nimble Babies’ first product – Milk Buster – in 2015. Von knew the next step would be to launch more plant-based cleaning products but, having spent all his money on the launch of Milk Buster, he needed to source additional funds before he could do so. The solution: Swoop stepped in, helping Von to navigate the daunting funding process and introducing him to potential funding sources ranging from tier 1 to invoice finance. Following a series of meetings and phone calls to find out more about the potential funding routes, Von decided that the best approach for Nimble Babies would be to opt for an equity funding option. This ensured that he would benefit from the advice of experienced mentors while having the reassurance of good cash flow and enough working capital to fulfil large orders from retailers and distributors. The Results: Thanks to the possibilities that funding has opened up, multi-award-winning Nimble Babies now has 10 plant-based cleaning products in its portfolio. It is available in 87 Boots stores around the UK, as well as on Boots. com, Ocado. com and Amazon. co. uk. Nimble Babies also exports to several overseas markets and hopes to soon be stocked in many more of Boots’ 2,500 stores nationwide, as well as other...
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## Business glossary
### Hotel Association of Canada (HAC)
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/hotel-association-of-canada/
Definition The Hotel Association of Canada (HAC) is the national trade organization representing the hotel and lodging industry in Canada.   What is the Hotel Association of Canada? The Hotel Association of Canada plays a key role in promoting a successful and sustainable hotel sector. Its membership includes hotels, motels, resorts, and other lodging establishments, as well as regional and provincial hotel associations. The HAC focuses on several key areas, including advocacy, industry research, and professional development. Through its efforts, the HAC represents the interests of the hotel industry to federal and provincial governments. It works to influence public policy on issues such as taxation, labor regulations, tourism promotion, and environmental sustainability, making sure that the industry's voice is heard in legislative processes. The association conducts industry research, providing members with valuable insights into market trends, economic impacts, and consumer preferences. This information helps hotel operators make informed business decisions and stay competitive in a dynamic market. Professional development is another core function of the HAC. The association offers various programs, training sessions, and resources to help members improve their operational efficiency, improve service quality, and adopt best practices in areas such as marketing, technology, and guest relations. Additionally, the HAC promotes networking and collaboration within the industry by organizing events, conferences, and forums where members can share knowledge, discuss challenges, and explore opportunities for growth. Example of the Hotel Association of Canada Suppose a hotel in Vancouver is struggling with the impact of new local tourism taxes and labor...
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### Canadian Dental Association
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-dental-association/
Definition The Canadian Dental Association (CDA) is a national professional organization representing dentists across Canada.   What is the Canadian Dental Association? The CDA provides leadership, advocacy, and resources to help dentists deliver high-quality care and to advance the science and practice of dentistry. The CDA serves as the collective voice of Canadian dentists on national and international issues related to oral health. It works closely with various stakeholders, including provincial and territorial dental associations, government agencies, academic institutions, and other health professionals, to develop policies and standards that improve oral health care delivery. One of the key roles of the CDA is to provide continuing education and professional development opportunities for dentists. This helps ensure that practitioners stay current with the latest advancements in dental science and technology, and comply with best practices in patient care. The association also offers various resources, such as clinical guidelines, research publications, and practice management tools, to support dentists in their day-to-day work. Additionally, the CDA is actively involved in public education and awareness campaigns to promote the importance of oral health. It provides information and resources to the public on topics such as preventive care, dental hygiene, and the link between oral health and overall well-being. Example of the Canadian Dental Association A dental practice in Toronto might use the CDA's updated clinical guidelines on infection control to improve their safety protocols. Additionally, the dentists in this practice might participate in CDA-sponsored workshops and webinars to stay informed about the latest advancements...
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### Excise Act 2001
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/excise-act-2001/
Definition The Excise Act 2001 is a federal law in Canada that governs the taxation and regulation of certain goods, specifically alcoholic beverages (beer, wine, and spirits), tobacco products, and cannabis products.   What is the Excise Act 2001? The Excise Act 2001’s primary purpose is to charge duties on these goods, control their production and distribution, and ensure compliance with health and safety standards. Under the Excise Act 2001, manufacturers and importers of these goods must be licensed and comply with specific operational requirements. The Act requires that excise duties be paid on the production and sale of these products, which are critical sources of revenue for the federal government. The duties are applied at different rates depending on the type and quantity of the product. The Act also outlines stringent record-keeping and reporting requirements to prevent tax fraud and ensure accurate duty payments. Businesses involved in the production, distribution, or importation of the covered goods must maintain detailed records of their activities and submit regular reports to the Canada Revenue Agency (CRA). Additionally, the Excise Act 2001 includes provisions to combat the illegal production and trade of alcohol, tobacco, and cannabis products. It grants authorities the power to inspect premises, seize illegal goods, and impose penalties on those who violate the regulations. Example of the Excise Act 2001 An example of the Excise Act 2001 in action is a Canadian brewery producing beer. Under this Act, the brewery must be licensed and pay excise duties on every liter...
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### T2125 form
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t2125-form/
Definition A T2125, also known as the Statement of Business or Professional Activities, is a tax form used in Canada by self-employed individuals, sole proprietors, and partnerships to report income and expenses related to their business or professional activities. What is a T2125 form? A T2125 is part of the personal income tax return and is used to calculate the net income or loss from business or professional activities, which is then included in the taxpayer's overall income for the year. The T2125 form requires detailed information about the business, including the type of business, its address, and the main product or service provided. Taxpayers must report gross income from their business activities, which includes all revenue earned before any expenses are deducted. The form also includes sections to list various business expenses, such as advertising, meals and entertainment, office supplies, salaries, and wages. These expenses are subtracted from the gross income to determine the net profit or loss. Additionally, the T2125 allows for the deduction of capital cost allowance (CCA) for depreciable assets used in the business, such as vehicles, equipment, and buildings. The T2125 form helps the Canada Revenue Agency (CRA) make sure that self-employed individuals and business owners accurately report their income and claim only legitimate business expenses. Properly completing the T2125 is essential for complying with tax regulations and avoiding penalties for underreporting income or over-claiming expenses. By using the T2125, taxpayers provide a clear and comprehensive account of their business activities, enabling the CRA to...
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### Capital cost allowance
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/capital-cost-allowance/
Definition Capital cost allowance (CCA) is a tax provision in Canada that allows businesses and property owners to deduct the cost of certain capital assets over time. What is the capital cost allowance? Capital cost allowance reflects the wear and tear, or depreciation, of assets used to generate income. This deduction acknowledges that capital assets, such as buildings, equipment, and vehicles, lose value over their useful life due to usage or wear. The purpose of CCA is to match the cost of buying or improving capital assets with the income those assets generate. It helps businesses recover the cost of their investments gradually, rather than deducting the entire cost in the year the asset is purchased. By spreading out the deduction over several years, businesses can reduce their taxable income each year, which lowers their immediate tax liability and supports cash flow. The amount of CCA that can be claimed annually depends on the type of asset and its class under the Income Tax Act. Different classes of assets have different rates of depreciation allowed by the CRA. For example, buildings might have a slower depreciation rate compared to vehicles or machinery. Taxpayers must comply with CRA rules regarding CCA rates, eligible assets, and recapture rules if the asset is sold or disposed of. Example of the capital cost allowance Let’s say a Canadian business purchases new manufacturing equipment for $100,000. Instead of deducting the full $100,000 as an expense in the year of purchase, the business claims CCA on...
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### T5013 slip
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t5013-slip/
Definition A T5013 slip is an official tax document used in Canada to report income and expenses related to partnerships. What is a T5013 slip? Issued annually to each partner by the partnership's administrator, the T5013 slip provides detailed information about the partner's share of the partnership's income, losses, and deductions for tax purposes. Partnerships that meet certain criteria, such as generating business income or professional income in Canada, are required to file a T5013 with the Canada Revenue Agency (CRA). This return includes financial details about the partnership's operations, which are summarised and reported to each partner on their respective T5013 slips. The T5013 slip typically includes essential information such as the partner's name and address, as well as the partnership's name and Business Number (BN). It also details the partner's share of income, losses, and other financial items like capital gains or losses, rental income, and various deductions. Partnerships issue T5013 slips to partners by the end of March following the tax year to make sure partners have the necessary information to accurately report their income on their personal tax returns. Partners use the information from the T5013 slip to report their share of partnership income and expenses, which helps ensure compliance with Canadian tax laws and the accurate assessment of taxes owed or refunds due.
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### T5 slip
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t5-slip/
Definition A T5 slip in Canada is an official tax document issued by financial institutions and other organizations to report various types of investment income to both the taxpayer and the Canada Revenue Agency (CRA). What is a T5 slip? The primary purpose of the T5 slip, also known as the "Statement of Investment Income," is to detail the income earned from investments over the course of a tax year. The types of income reported on a T5 slip include interest from bank accounts and bonds, dividends from Canadian corporations, and certain foreign income. It also includes other investment income such as royalties. The slip is issued by entities such as banks, credit unions, investment firms, and corporations that pay out investment income to individuals. Each T5 slip includes essential information such as the recipient's name and address. The slip lists various boxes that detail specific types of income earned and any applicable tax credits, such as dividend tax credits for Canadian dividends. Taxpayers use the information provided on T5 slips to accurately report their investment income on their annual income tax returns. Failing to report the income from a T5 slip can result in penalties and interest charges from the CRA. T5 slips must be issued by the end of February following the tax year in which the income was earned. Both the CRA and the taxpayer receive copies of the slip to ensure transparency and accurate tax reporting. This document is essential for individuals with investment income as...
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### Department of Finance Canada
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/department-of-finance-canada/
Definition The Department of Finance Canada is a federal government department responsible for overseeing the country's economic and financial policies.   What is the Department of Finance Canada? The Department of Finance Canada’s primary role is to create a strong and sustainable economy by developing policies related to economic growth, government spending, taxation, and the management of public debt.   Furthermore, the department plays a key role in formulating the federal budget, which outlines the government's fiscal priorities and allocates funding to various programs and initiatives. Key responsibilities of the Department of Finance Canada include advising the government on economic and fiscal matters, preparing annual budgets, and managing federal borrowing. It also designs tax policies aimed at promoting fairness and economic efficiency, while ensuring the stability of the financial system through regulatory frameworks. The department monitors and analyzes economic and financial developments both domestically and internationally to inform policy decisions. It works closely with other government departments, international organizations, and the private sector to develop and implement policies that support economic stability and growth. The Department of Finance Canada is led by the Minister of Finance. The department's work is essential for maintaining the country's economic health, ensuring fair fiscal management, and supporting the government's strategic priorities. Example of the Department of Finance Canada Each year, the department conducts extensive economic analysis and consultations to draft a budget that outlines the government's spending priorities, tax policies, and fiscal strategies. For instance, during an economic downturn, the department might propose increased...
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### Competition Bureau Canada
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/competition-bureau-canada/
Definition The Competition Bureau Canada is an independent federal law enforcement agency responsible for ensuring and promoting competitive markets across Canada.   What is the Competition Bureau Canada? The Bureau’s primary role is to investigate and prevent anti-competitive practices, such as cartels, abuse of market dominance, and unfair marketing practices. Its aim is to protect consumers, businesses, and the economy from practices that undermine competition. The Bureau also implements several laws. These laws help maintain fair competition and accurate information in the marketplace. A significant part of the Bureau's work involves reviewing mergers and acquisitions to make sure they do not result in reduced competition or create monopolies. If a proposed merger is likely to harm competition, the Bureau can challenge it and seek remedies or block it altogether. The Bureau also engages in advocacy and outreach activities to promote the benefits of competition. It provides guidance to businesses on complying with competition laws and educates consumers on recognizing anti-competitive practices. The Bureau's activities contribute to economic efficiency and innovation, ensuring Canadians benefit from competitive prices, product choices, and quality services. Example of the Competition Bureau Canada Suppose the Bureau receives complaints that a group of major supermarket chains has been collaborating to fix the prices of bread, resulting in higher costs for consumers. The Bureau conducts a thorough investigation, gathering evidence such as emails, meeting records, and financial documents. If the investigation finds that the retailers have indeed engaged in price-fixing, the Bureau can take legal action. This might...
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### Canadian Transportation Agency (CTA)
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-transportation-agency/
Definition The Canadian Transportation Agency (CTA) is an independent tribunal and regulator responsible for overseeing various aspects of Canada's transportation system.   What is the Canadian Transportation Agency? CTA makes sure that the national transportation system runs efficiently and smoothly, balancing the needs of carriers, shippers, and the public. Its responsibilities include regulating air, rail, and marine transportation sectors. It resolves conflicts between transportation service providers and users, addressing issues such as service levels, tariffs, and accessibility. The agency ensures that transportation services comply with regulations and policies, promoting fair and competitive practices within the industry. In the air transportation sector, the CTA licenses air carriers, implement consumer protection regulations, and ensures that airlines meet accessibility standards for passengers with disabilities. For rail transportation, the CTA oversees the construction and operation of railway lines, resolves conflicts related to rail services, and implements rail safety regulations. In the marine sector, the agency regulates aspects of the shipping industry and handles conflicts related to transportation. The CTA also plays an important role in increasing accessibility within the transportation system. It develops and implements regulations and codes of practice to make sure that transportation services are accessible to people with disabilities, promoting inclusivity and equal access for all Canadians. Example of the Canadian Transportation Agency Let’s say there is a conflict between a shipping company and a railway operator. The Canadian logistics firm files a complaint with the CTA. The logistics firm says that the railway operator has not been meeting its obligations...
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### Trade Commissioner Service (TCS)
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/trade-commissioner-service/
Definition The Trade Commissioner Service (TCS) assists Canadian businesses in expanding their international presence and achieving success in foreign markets.   What is the Trade Commissioner Service? TCS operates in more than 160 cities worldwide, providing a wide range of services to support Canadian exporters, investors, and innovators. It helps Canadian companies navigate the complexities of international trade and investment. Trade Commissioners provide tailored support by identifying suitable markets, understanding local regulations, and connecting Canadian businesses with potential partners, buyers, and investors. The TCS also plays an important role in resolving trade barriers and challenges that Canadian companies may run into abroad. This involves leading discussions with foreign governments, advocating for Canadian business interests, and ensuring compliance with international trade agreements. By using its extensive network and expertise, TCS helps Canadian firms reduce risks and address issues related to market access, intellectual property, and regulatory requirements. Another key function of the TCS is to promote foreign direct investment (FDI) in Canada. The service works to attract and retain international investors by showcasing Canada’s competitive advantages, such as a skilled workforce, strong infrastructure, and favorable business environment. Through investment promotion activities and strategic partnerships, the TCS helps create economic growth and job opportunities within Canada. The TCS collaborates with various partners, including industry associations, provincial and territorial governments, and other federal agencies, to provide comprehensive support to Canadian businesses. By fostering international trade and investment, the TCS contributes to the overall global competitiveness of Canada. Through its dedicated services and global...
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### Canadian International Trade Tribunal (CITT)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-international-trade-tribunal-citt/
Definition The Canadian International Trade Tribunal (CITT) is an independent tribunal which provides Canadian businesses and individuals with a fair and transparent forum to resolve trade conflicts and make decisions on trade-related matters. What is the Canadian International Trade Tribunal? CITT's responsibilities include three main areas: trade remedies, government procurement, and tariff classification appeals. In terms of trade remedies, CITT conducts inquiries into complaints regarding the dumping of imported goods, which can harm Canadian industries by unfairly undercutting prices. Through these inquiries, CITT determines whether to impose anti-dumping duties on imported products to level the playing field for Canadian businesses. Regarding government procurement, CITT hears complaints regarding federal procurement processes and supplier conflicts. It makes sure that government procurement practices comply with trade agreements and that Canadian suppliers receive fair treatment in bidding processes. Additionally, CITT hears appeals related to the tariff classification of goods imported into Canada. This involves reviewing decisions made by the Canada Border Services Agency (CBSA) regarding the classification of goods under the customs tariff. CITT's decisions provide clarity on the appropriate tariff classification, which impacts the duties and taxes applied to imported goods. CITT operates independently of government departments. Its decisions are based on evidence presented during hearings, ensuring transparency and fairness in its process. By fulfilling its role, CITT contributes to the effective administration of Canada's trade laws, supports fair competition in international trade, and protects the interests of Canadian businesses and consumers. Example of the Canadian International Trade Tribunal An example of the...
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### Canadian Food Inspection Agency (CFIA)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-food-inspection-agency-cfia/
Definition The Canadian Food Inspection Agency (CFIA) is a federal government agency responsible for safeguarding Canada's food supply and protecting plant and animal health.   What is the Canadian Food Inspection Agency? CFIA plays a key role in ensuring that food products available to Canadians, whether produced domestically or imported, are safe, nutritious, and of high quality. CFIA's role includes a wide range of activities across three main areas: food safety, animal health, and plant protection. In terms of food safety, CFIA develops and implement regulations and standards that govern the safety and quality of food products sold in Canada. This includes conducting inspections of food establishments, testing food samples, and responding to food safety incidents to prevent and manage food borne illnesses. Regarding animal health, CFIA works to prevent and control animal diseases that could affect livestock, poultry, and aquatic animals. This involves regulating the import and export of animals and animal products, conducting surveillance programs, and implementing disease control measures to protect Canada's animal resources and maintain market access. In regards to plant protection, CFIA is responsible for preventing the introduction and spread of plant pests and diseases that could harm Canadian agriculture and the environment. CFIA regulates the import and movement of plants, seeds, and plant products, conducts inspections and testing, and collaborates with provincial and international partners to manage plant health risks effectively. CFIA collaborates closely with industry stakeholders, provincial and territorial governments, and international counterparts to uphold food safety standards, promote trade, and ensure regulatory...
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### Canadian Commercial Corporation (CCC)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-commercial-corporation/
Definition The Canadian Commercial Corporation (CCC) is a federal corporation that promotes international trade by helping Canadian businesses access and secure contracts with foreign governments.   What is the Canadian Commercial Corporation? The Canadian Commercial Corporation's primary role is to promote and support Canadian exports by acting as an intermediary in government-to-government contracts, providing Canadian companies with a competitive edge in international markets. CCC's main function is to offer export contracting services, which include identifying opportunities, managing contracts, and reducing risks. By guaranteeing contract performance and ensuring compliance with international trade regulations, CCC helps Canadian exporters reduce the complexities and uncertainties related to selling to foreign governments. This guarantees that the obligations of Canadian companies are met, therefore increasing the confidence of foreign buyers in Canadian products and services. One of the key services provided by CCC is the development of government-to-government (G2G) contracts, which allow foreign governments to get goods and services directly from Canada through CCC. This streamlined process helps Canadian businesses bypass lengthy and complex procedures in foreign markets. Additionally, CCC offers financial solutions, such as progress payments and advance payment guarantees, which help Canadian exporters manage cash flow and reduce financial risk. CCC supports a wide range of industries, including aerospace, defence, infrastructure, and clean technology. By using its expertise and network, CCC helps Canadian companies expand their global reach and compete more effectively in international markets. The corporation also collaborates with other federal agencies, such as Export Development Canada, to provide comprehensive support to Canadian...
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### Canada Development Investment Corporation (CDEV)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-development-investment-corporation/
Definition Canada Development Investment Corporation (CDEV) is a federal corporation established to manage the Government of Canada’s investments in commercial assets.   What is the Canada Development Investment Corporation? Canada Development Investment Corporation functions as an agent of the government, focusing on commercial management of government holdings. Its primary role is to act in the best interests of the government and Canadian taxpayers by overseeing investments, maximizing asset value, and ensuring efficient management. CDEV’s responsibilities include managing a diverse portfolio of government investments, which can range from energy sector assets to financial interests in various corporations. One of its important roles has been overseeing the government's investment in Trans Mountain Corporation, which operates the Trans Mountain Pipeline. This involves ensuring the pipeline's operation aligns with government policies and provides a return on investment. Additionally, CDEV handles the orderly sale of government assets. When the government decides to privatize or divest certain holdings, CDEV manages the process to achieve the best possible outcome for taxpayers. This includes preparing assets for sale, conducting market assessments, and negotiating terms with potential buyers. CDEV operates independently but reports to the Minister of Finance. It is governed by a board of directors appointed by the government, ensuring accountability and transparency in its operations. Financial and operational performance is regularly reviewed and reported to the public and the government.
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### Canadian customs tariff
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-customs-tariff/
Definition The Canadian customs tariff is a comprehensive system used by the Government of Canada to classify and apply duties to imported goods. What is the Canadian customs tariff? The Canadian customs tariff is essential for regulating international trade and generating revenue for the federal government. The tariff outlines specific rates of duty, which are taxes charged on goods as they enter Canada, and these rates can vary based on the type of product and its country of origin. The customs tariff system is aligned with the harmonized system (HS), an international nomenclature developed by the World Customs Organization (WCO) that standardizes the classification of goods. This alignment ensures consistency in trade practices and facilitates global commerce. Importers use the tariff to determine the applicable duties on their goods, which are calculated based on the product's classification under the HS code. The tariff rates can be influenced by various factors, including trade agreements and economic policies. For instance, products imported from countries with which Canada has free trade agreements may benefit from reduced or zero tariffs. Conversely, goods from countries without such agreements might face higher duties. The customs tariff also plays a role in protecting domestic industries by imposing higher duties on certain imported goods to make them less competitive compared to locally produced items. This protective measure helps maintain the viability of Canadian businesses and the overall economy. In addition to regulating duties, the Canadian customs tariff serves as a tool for collecting trade data and implementing trade...
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### Agriculture and Agri-Food Canada (AAFC)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/agriculture-and-agri-food-canada/
Definition Agriculture and Agri-Food Canada (AAFC) is a department within the Government of Canada responsible for policies, programs, and services that support the agricultural sector and promote sustainable economic growth. What is Agriculture and Agri-Food Canada? AAFC works to improve the competitiveness and adaptability of the agricultural industry while ensuring environmental sustainability. Its activities include a wide range of areas, including research and development, market access, and trade, as well as food safety and quality. The department collaborates with various stakeholders, including farmers, agribusinesses, industry associations, and provincial and territorial governments, to address the challenges and opportunities facing the sector. By promoting innovation and facilitating the adoption of new technologies, AAFC aims to improve productivity and sustainability in agriculture. In addition to its domestic focus, AAFC plays a key role in promoting Canadian agricultural products in international markets. This includes negotiating trade agreements, supporting export development, and making sure that Canadian products meet the regulatory requirements of global markets. The department also provides financial assistance and risk management tools to help farmers and agribusinesses manage uncertainties such as market fluctuations, unpredictable weather conditions, and pests and diseases. AAFC is committed to promote sustainable agricultural practices that protect natural resources and contribute to environmental health. This involves supporting initiatives that promote soil health, water conservation, and biodiversity. Furthermore, the department is involved in addressing climate change by encouraging practices that reduce greenhouse gas emissions and reduce carbon emissions in agricultural landscapes. Through its diverse programs and initiatives, Agriculture and Agri-Food Canada...
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### T2 tax form
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t2-tax-form/
Definition The T2 tax form is a document filed by corporations in Canada to report their income, calculate taxes owed, and claim deductions and credits. What is a T2 tax form? The primary purpose of the T2 tax form is to report the financial activities of a corporation to the Canada Revenue Agency (CRA) for taxation purposes. It provides a comprehensive overview of the corporation's income, expenses, assets, liabilities, and taxes payable for the tax year. Corporations resident in Canada are required to file a T2 tax return annually. The filing deadline for the T2 tax return is six months after the end of the corporation's fiscal year-end. Key sections of the T2 tax form include: Corporate information: Details about the corporation, including its name, address, business number, fiscal year-end, and legal structure. Income statement: Reporting of the corporation's income, expenses, and net income for the tax year. Balance sheet: Listing of the corporation's assets, liabilities, and shareholders' equity at the end of the tax year. Tax calculation: Determination of the corporation's taxable income, federal and provincial/territorial tax rates, and taxes payable. Deductions and credits: Claiming of deductions, allowances, and tax credits available to the corporation. Failure to file the T2 tax return by the deadline or errors may result in penalties, fines, and potential audits. Example of a T2 tax form ABC Manufacturing Inc. gathers all the necessary financial information for the fiscal year. They then fill out the T2 tax form, reporting the company's income, deductions, and tax...
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### S&P/TSX composite index
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/sp-tsx-composite-index/
Definition The S&P/TSX composite index is the primary benchmark index for the Canadian equity market. What is the S&P/TSX composite index? The index is weighted by market capitalisation, meaning that the weight of each stock in the index is determined by its market capitalisation relative to the total market capitalisation of all stocks in the index. This method ensures that larger companies have a greater influence on the index's performance. The index aims to provide broad and comprehensive coverage of the Canadian equity market, including companies of different sizes and industries. As such, it includes both large-cap, mid-cap, and small-cap stocks, offering investors exposure to the entire spectrum of Canadian equities. Furthermore, the index serves as a benchmark for evaluating the performance of Canadian stocks and investment portfolios. It is widely used by investors, portfolio managers, financial analysts, and institutional investors to track the performance of the Canadian equity market, compare investment returns, and assess investment strategies. The index is diversified across multiple sectors, with allocations reflecting the composition of the Canadian economy. Sector weightings within the index may vary over time based on changes in market dynamics, economic trends, and sector-specific developments. Lastly, the index undergoes periodic rebalancing to make sure that it remains representative of the Canadian equity market. Rebalancing involves adjusting the index constituents and their weightings to reflect changes in market capitalisation, corporate actions, and other factors. Example of the S&P/TSX composite index John, an investor, decided to track the performance of the Canadian stock market....
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### Canadian Securities Exchange (CSE)
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-securities-exchange/
Definition The Canadian Securities Exchange (CSE) is a stock exchange based in Canada that provides a trading platform for publicly listed companies.   What is the Canadian Securities Exchange? The CSE serves as an alternative trading venue to traditional stock exchanges in Canada, such as the Toronto Stock Exchange (TSX). It serves companies at different stages of development, including early-stage startups, small-cap companies, and companies seeking growth capital. The CSE lists a wide range of securities, including common shares, preferred shares, debt securities, warrants, and structured products, which attracts companies from diverse sectors. The listing requirements for CSE are generally less stringent compared to other Canadian stock exchanges, making it more accessible to smaller companies. While companies must meet certain regulatory and governance standards, the CSE's listing criteria are designed to help companies with limited operating history or financial resources. The CSE provides market data services and calculates several benchmark indicators to track the performance of its listed securities. These indicators include the CSE Composite Index, which represents the overall performance of companies listed on the CSE, and sector-specific indices covering various industries. Furthermore, the CSE offers companies an opportunity to access capital markets and raise capital through public offerings and secondary financings. By listing on the CSE, companies can raise funds to finance growth initiatives, expand operations, and develop new products or technologies.
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### Toronto Stock Exchange (TSX)
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/toronto-stock-exchange/
Definition The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada, serving as a primary marketplace for trading equities, fixed-income securities, exchange-traded funds (ETFs), and other financial instruments. What is the Toronto Stock Exchange? The TSX provides a platform for companies to list and trade their securities, offering access to capital for businesses of all sizes across various industries. It lists a wide range of securities, including common shares, preferred shares, bonds, and rights. Companies listed on the TSX range from large multinational corporations to small and medium enterprises (SMEs), representing diverse sectors. The TSX operates under the regulatory oversight of the relevant securities commissions and regulatory bodies in Canada and it must comply with stringent listing requirements, disclosure standards, and trading rules to maintain the integrity and fairness of the marketplace. The TSX calculates and maintains several benchmark indicators to track the performance of the Canadian equity market. The most widely followed index is the S&P/TSX Composite Index, which consists of a broad-based selection of companies listed on the TSX and represents the overall Canadian stock market. Furthermore, the TSX provides opportunities for individual investors, institutional investors, and foreign investors to participate in the Canadian capital markets. Investors can access TSX-listed securities through brokerage firms, investment advisors, and online trading platforms. Listed companies on the TSX are subject to corporate governance requirements aimed at promoting transparency, accountability, and shareholder rights. These requirements include regular financial reporting, disclosure of material information, and adherence to corporate governance best practices.
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### Better Business Bureau (BBB) 
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/better-business-bureau/
Definition The Better Business Bureau (BBB) is a nonprofit organisation that aims to promote trust and transparency between businesses and consumers in the marketplace.   What is the Better Business Bureau? The BBB operates independently in North America, with local offices across the United States, Canada, and Mexico. The BBB's mission is to be the leader in advancing marketplace trust. Some of its other functions include: Providing business profiles: The BBB holds Business Profiles for millions of businesses, including company history, contact details, reviews, and complaints. Accreditation: Businesses can apply for BBB accreditation. Accredited businesses are recognised for their commitment to ethical business practices. Complaint resolution: The BBB mediates between consumers and businesses to resolve conflicts and complaints through its complaint handling process. Consumer education: The BBB provides resources and educational materials to help consumers make informed decisions when purchasing goods and services. Business education: The BBB offers resources and training programs to help businesses improve their practices, build consumers trust, and comply with ethical standards. The BBB assigns ratings to businesses based on various factors, including the number and nature of consumer complaints, government actions against the business, and the business's responsiveness to complaints. Ratings range from A+ (highest) to F (lowest), reflecting the BBB's assessment of a business's trustworthiness and reliability. These ratings and complaint data are publicly available on BBB’s website.
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### Canada Small Business Financing Program (CSBFP) 
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-small-business-financing-program/
Definition The Canada Small Business Financing Program (CSBFP) is a federal government initiative designed to help small businesses access financing for the acquisition of assets and equipment, as well as for leasehold improvements and commercial real estate. What is the Canada Small Business Financing Program? The CSBFP aims to support the growth and development of small businesses by providing them with access to affordable financing options. By guaranteeing a portion of the loan amount, the program encourages lenders to provide financing to eligible small businesses, thereby promoting entrepreneurship, innovation, and economic growth. To qualify for financing under the CSBFP, businesses must meet certain eligibility criteria, including being a for-profit Canadian business with annual gross revenues of $10 million or less. Eligible businesses must use the loan proceeds for the purchase or improvement of eligible assets, such as equipment, machinery, vehicles, or real estate, used for commercial purposes. The CSBFP provides loan guarantees to lenders, covering up to 90% of the net losses incurred in the event of default by the borrower. This reduces the risk for lenders and enables them to offer loans to small businesses at competitive interest rates and with flexible repayment terms. The maximum loan amount that can be guaranteed under the CSBFP is $1 million, with a maximum term of 10 years for equipment and leasehold improvements and 15 years for real estate. Example of the Canada Small Business Financing Program Jane wants to expand her operations by purchasing new equipment. However, she lacks the necessary...
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### Business Identification Number (BIN)
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/business-identification-number/
Definition The Business Identification Number (BIN) is a unique identifier assigned to businesses for the purpose of identification and tracking in various business-related transactions and interactions.   What is a Business Identification Number? BINs may vary depending on the jurisdiction and context, but they generally serve as a standardised way to reference and differentiate businesses. It is a unique alphanumeric code assigned to each business entity, separating it from other businesses. It is typically issued by a government agency, regulatory authority, or business registry as part of the business registration process. The authority responsible for assigning BINs may vary depending on the jurisdiction and the type of business. In some cases, BINs are issued by government agencies or departments responsible for business registration. In other cases, BINs may be assigned by industry-specific regulatory bodies or trade associations. The length and structure of BINs may also vary, with some jurisdictions using shorter or longer codes depending on their needs. BINs are considered sensitive information and are typically treated as confidential by businesses and regulatory authorities. They may be subject to privacy and data protection laws to ensure that they are used and disclosed appropriately and securely. In some cases, BINs may be integrated with other business identifiers. This integration helps streamline administrative processes and ensures consistency in business identification across different systems and jurisdictions. Example of a Business Identification Number (BIN) Let's say John owns a small construction company called "John's Builders Ltd. " and wants to register his business with...
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### Master Business Licence
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/master-business-licence/
Definition A Master Business Licence (MBL) is a type of business registration or licence required by some jurisdictions to legally operate a business within that jurisdiction.   What is a Master Business Licence? A Master Business Licence serves as a centralised registration for various business-related activities, such as incorporating a business, registering a business name, and obtaining certain permits or licences. Instead of getting separate registrations or licences for different business activities, businesses can apply for a Master Business Licence that covers these activities in one application process. The specific activities covered by a Master Business Licence vary depending on the jurisdiction.   To get a Master Business Licence, businesses typically need to submit an application to the relevant government authority or agency responsible for business registrations and licensing. The application process may require providing information about the business, its ownership structure, its intended activities, and any specific permits or licences required for its operations. There may be fees associated with applying for and obtaining a Master Business Licence, as well as renewal fees to maintain the licence. The fees vary depending on the jurisdiction and the type of business activities covered by the licence.   A Master Business Licence grants legal status upon the business and serves as evidence of its registration and compliance with any laws and regulations.   Example of a Master Business Licence Let's say Sarah wants to start a catering business in Ontario. She decides to register her business as a sole proprietorship and chooses...
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### Extra Provincial Licence (EPL)
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/extra-provincial-licence/
Definition An Extra Provincial Licence (EPL) is a regulatory requirement in some jurisdictions that allows a business registered in one province or territory to operate in another province or territory. What is the Extra Provincial Licence? Businesses are typically registered at the provincial or territorial level. However, if a business wants to expand its operations beyond the province or territory where it is registered, it may need to obtain an Extra Provincial Licence to legally conduct business in other jurisdictions. To get an Extra Provincial Licence, a business typically needs to submit an application to the relevant licensing authority. The application may require details about the business, its ownership structure, its registered address, and its intended activities in the jurisdiction where the licence is sought. Once granted, an Extra Provincial Licence imposes certain compliance requirements on the business. This may include maintaining a registered office or agent in the jurisdiction, filing annual reports or updates with the licensing authority, and paying any applicable fees or taxes. Failure to comply with these requirements may result in penalties or the revocation of the licence. While an Extra Provincial Licence grants a business the legal authority to operate in multiple jurisdictions, it does not alter the business's legal structure or status. The business remains registered as a separate legal entity in its home province or territory, and its liability, taxation, and other legal obligations are determined by the laws of that jurisdiction. Example of Extra Provincial Licence  Let's say a software development company...
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### Ransomware
- Published: 2024-04-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/ransomware/
Definition Ransomware is a type of malware designed to encrypt files or lock down computer systems, with the intention of getting payments from victims in exchange for restoring access to their data or systems. What is ransomware? Ransomware is a significant cybersecurity threat that can have major consequences for individuals, businesses, and organisations. It typically works by encrypting files on the victim's computer or network, making them inaccessible without the decryption key. Some ransomware variants may also lock down entire computer systems, preventing users from accessing their operating system or files until the ransom is paid. After encrypting files or locking down systems, ransomware displays a ransom demand to the victim, usually in the form of a message or notification on the affected device. The ransom demand typically instructs the victim to pay a sum of money to obtain the decryption key or regain access to their files or systems. Ransomware attacks can have severe consequences for victims, including data loss, financial loss, operational disruption, and reputational damage. Businesses and organisations may suffer downtime, loss of productivity, and damage to customer trust and confidence as a result of ransomware attacks. Preventing ransomware attacks requires a multi-layered approach to cybersecurity, including implementing robust security measures, keeping systems and software updated with the latest security patches, and educating users about cybersecurity best practices. Regularly backing up important data and storing backups offline or in a secure location can reduce the impact of ransomware attacks by allowing affected systems to be restored without...
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### Malware
- Published: 2024-04-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/malware/
Definition Malware, short for malicious software, refers to any software specifically designed to disrupt, damage, or gain unauthorised access to computer systems, networks, or devices.   What is malware? Malware represents a significant cybersecurity threat, posing risks to individuals, businesses, and organisations worldwide. Types of malware: Viruses: Malware that attaches itself to legitimate programs or files and replicates when the infected program or file is executed. Worms: Self-replicating malware that spreads across networks, exploiting vulnerabilities in operating systems or software. Trojans: Malware disguised as legitimate software or files, which may include backdoors, keyloggers, or remote access tools. Ransomware: Malware that encrypts files or locks down systems, demanding payment for decryption or restoration of access. Spyware: Malware designed to covertly monitor and collect sensitive information, such as passwords, browsing history, or keystrokes, often for malicious purposes. Adware: Malware that displays unwanted advertisements or redirects users to harmful websites, potentially generating revenue for the attacker. Rootkits: Malware that provides unauthorised access to a computer or network while concealing its presence and activities from detection. Effective cybersecurity measures can help prevent malware infections, including using reputable antivirus software, keeping systems and software updated with security patches, implementing firewalls and intrusion detection systems, and educating users about safe computing practices. Antivirus software and other security tools can also help detect and remove malware infections from systems. However, some sophisticated malware variants may dodge detection or require manual removal techniques. Example of malware A user receives an email with an attachment claiming to be an...
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### Challenger bank
- Published: 2024-04-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/challenger-bank/
Definition A challenger bank is a relatively new type of financial institution that challenges the traditional banking model by offering innovative and customer-focused banking services primarily through digital channels.   What is a challenger bank? Challenger banks are often startups or smaller institutions compared to traditional banks and aim to disrupt the industry by providing improved user experiences, lower fees, and more transparent services. These banks prioritise user experience by offering intuitive interfaces, quick account setup processes, and personalised financial management tools. They aim to make banking more efficient and enjoyable for customers. Additionally, the banks often introduce innovative features that differentiate them from traditional banks. This may include real-time transaction notifications, automated savings tools, budgeting assistance, and integration with third-party financial services. Challenger banks typically have lower overhead costs compared to traditional banks, allowing them to offer competitive interest rates on savings accounts, reduced or no fees for basic banking services, and favourable foreign exchange rates. Furthermore, challenger banks often target specific demographic groups or niche markets that may be underserved by traditional banks, such as freelancers, immigrants, or small businesses. By understanding the unique needs of these segments, challenger banks can tailor their offerings accordingly. Despite their disruptive nature, challenger banks are subject to the same regulatory requirements as traditional banks. Ensuring compliance with these regulations is essential for maintaining trust and credibility with customers. Example of a challenger bank BankX, an emerging challenger bank, reshapes banking norms with its tech-forward approach. Offering zero-fee accounts and instant peer-to-peer...
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### Burn rate
- Published: 2024-04-12
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/burn-rate/
Definition Burn rate in business finance refers to the rate at which a company is spending its available cash reserves or funds over a specific period. What is the burn rate? A burn rate indicates how quickly a company is using its financial resources and provides valuable insight into its financial sustainability. The formula for calculating the burn rate is: Burn rate = Total expenses / Time period Burn rate reflects the amount of cash a company is "burning through" to cover its expenses. This includes salaries, rent, utilities, marketing costs, research and development expenses, and any other operational costs. It serves as a key metric for assessing a company's financial health. A high burn rate relative to available funds indicates that the company may run out of cash quickly if it does not generate additional revenue or secure additional financing. Startups and high-growth companies may have high burn rates as they invest heavily in product development, marketing, and customer acquisition to capture market share and scale their operations. Investors closely monitor a company's burn rate as part of their due diligence process, especially in the startup and early-stage investment landscape. A high burn rate may raise concerns about the company's ability to achieve profitability or secure additional funding to sustain its growth path. Example of burn rate Company XYZ has $500,000 in cash reserves. Over the past month, it spent $50,000 on salaries, $20,000 on rent, $15,000 on utilities, and $10,000 on marketing, totalling $95,000 in expenses. Using the...
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### Retained earnings
- Published: 2024-04-10
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/retained-earnings/
Definition Retained earnings refer to the portion of a company's net income that is not distributed to shareholders as dividends but is instead retained and reinvested in the business. What are retained earnings? Retained earnings represent the sum of all past profits that have been reinvested in the company since its beginning, minus any dividends or other distributions to shareholders. They serve as a source of internal financing for various purposes such as funding expansion projects, research and development, debt repayment, or other investments aimed at increasing the company's value and competitiveness in the market. Retained earnings accumulate over time as a result of profitable operations. They are derived from the net income generated by the company after deducting all expenses, taxes, and dividends. While retained earnings are not directly distributed to shareholders, they contribute to increasing shareholder value in the long run. By reinvesting profits into the business and generating higher returns, companies can potentially boost stock prices and create wealth for shareholders over time. The decision regarding how much of the net income should be retained and how much should be distributed as dividends is influenced by various factors. A company may choose to retain more earnings during growth phases to fuel expansion, while mature companies with stable cash flows may opt to distribute a higher portion of earnings as dividends to reward shareholders. Example of retained earnings At the beginning of the year, ABC Inc. has retained earnings of $500,000. Throughout the year, the company generates a...
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### Cash sweep
- Published: 2024-04-09
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/cash-sweep/
Definition Cash sweep refers to the process by which excess funds in a bank account are automatically transferred into another account or investment that offers higher interest rates or better returns. What is a cash sweep? A cash sweep helps individuals or organisations optimise the use of their cash by ensuring that passive funds are not left sitting in low-interest accounts. There are several common types of cash sweep arrangements: Money market sweep accounts: Funds from a checking account are moved into a money market account, known for its higher interest rates compared to regular checking or savings accounts. Repurchase agreements (Repo sweep): This involves transferring extra funds into short-term investments. Repos are short-term loans backed by securities, offering a secure and liquid option for storing cash. Investment sweep accounts: Some brokerages provide cash sweep options. This enables investors to earn returns on their unused cash while retaining liquidity for trading or investment opportunities. Loan sweep accounts: Extra funds in a checking account are used to repay outstanding loan balances. This reduces interest costs while still allowing access to cash when required. Automatic transfers to external accounts: Some banks provide cash sweep services, automatically moving extra funds to external accounts at other financial institutions, like high-yield savings or investment accounts. By automatically moving cash into higher-yielding accounts or investments, individuals and organisations can maximise their returns on cash balances. Furthermore, cash sweep arrangements can help manage risk by diversifying investments or reducing exposure to counterparty risk. Example of a cash...
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### North American Industry Classification System (NAICS)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/north-american-industry-classification-system/
Definition The North American Industry Classification System (NAICS) is a standardized classification system used to categorize businesses and industries in North America.   What is the North American Industry Classification System? NAICS was developed as a collaborative effort between the U. S. , Canada, and Mexico to facilitate the collection, analysis, and distribution of economic data across national boundaries. NAICS provides a common framework for classifying industries, allowing for consistent comparisons of economic activities and trends across regions and sectors. The primary purpose of NAICS is to provide a standardized structure for classifying businesses and industries based on their primary economic activities. By categorizing industries into distinct sectors, subsectors, and codes, NAICS enables governments, businesses, researchers, and policymakers to analyze and understand economic trends, make informed decisions, and develop policies and programs tailored to specific industries. NAICS is developed and maintained through a collaborative effort between the statistical agencies of the U. S. , Canada, and Mexico. The system undergoes periodic updates to reflect changes in the economy, emerging industries, technological advancements, and shifts in business practices. NAICS classifications and related resources are freely available to the public through official websites maintained by the statistical agencies of the participating countries. Users can access NAICS codes and descriptions online or through specialized publications and databases to support their research and analysis. Example of the North American Industry Classification System In the NAICS system, the automotive manufacturing industry is classified under code 3361, which encompasses establishments primarily engaged in manufacturing motor vehicles,...
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### T4 slip
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t4-slip/
Definition A T4 slip is a Canadian tax form used by employers to report employment income, deductions, and other relevant information for their employees.   What is a T4 slip? The T4 slip is an essential document for individuals to accurately report their income and deductions when filing their personal income tax returns with the Canada Revenue Agency (CRA). The amounts reported on the T4 slip are used to calculate the employee's total income, tax owing, and eligibility for various tax credits and benefits. Employers are required by law to provide a T4 slip to each employee who received employment income during the tax year. The T4 slip must be provided to employees no later than the last day of February of the following year, whether they are still employed or have left the organization. The T4 slip contains detailed information about an individual's employment income and deductions for the tax year, this uncludes: Employee's name, address, and social insurance number (SIN) Employer's name, address, and business number (BN) Employment income earned during the tax year Deductions withheld from the employee's pay  Taxable benefits provided to the employee The T4 slip is a key document for both employees and the CRA. It ensures that individuals accurately report their income and deductions, allowing the CRA to assess and collect the appropriate amount of income tax owed by taxpayers. Failing to report income or deductions accurately can result in penalties or interest charges imposed by the CRA. Example of a T4 Slip...
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### Tax Court of Canada
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/tax-court-of-canada/
Definition The Tax Court of Canada is a specialized federal court in Canada that handles conflicts related to federal taxation matters. What is the Tax Court of Canada? The Tax Court of Canada has jurisdiction to hear and adjudicate disputes arising from federal taxation matters, including income tax, goods and services tax, excise tax, and other federal taxes administered by the CRA. It handles cases involving both individuals and corporations. The Tax Court hears a wide range of cases related to federal taxation, including disputes over tax assessments, objections to reassessments, appeals of decisions made by the CRA, and other matters involving tax liability, deductions, credits, and penalties. It follows formal legal procedures similar to those of other courts in Canada. Parties to a tax conflict must file notices of appeal or applications within prescribed time limits and adhere to procedural rules. Furthermore, The Tax Court aims to provide accessible and efficient conflict resolution mechanisms for taxpayers seeking to challenge tax assessments or decisions of the CRA. It offers alternative conflict resolution methods, such as mediation and settlement conferences, to facilitate the resolution of tax conflicts outside of formal court proceedings. The Tax Court of Canada plays a key role in the Canadian tax system by ensuring the fair decisions of tax conflicts and promoting compliance with tax laws. It helps maintain the integrity of the tax system and protects the rights of taxpayers while upholding the principles of accountability and the rule of law.
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### Social Insurance Number (SIN)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/social-insurance-number/
Definition The Social Insurance Number (SIN) is a nine-digit identification number issued by the Government of Canada to Canadian citizens, permanent residents, and temporary residents who are eligible to work in Canada.   What is a Social Insurance Number? The primary purpose of the Social Insurance Number is to track individual earnings and contributions to Canada's social security system. It also serves as a key identifier for tax purposes, facilitating the administration of income tax and other federal and provincial taxes. The SIN is a nine-digit number in the format XXX-XXX-XXX, where each group of digits is separated by hyphens. The first digit of the SIN is always a digit between 1 and 9, while the remaining eight digits are randomly assigned. The Social Insurance Number is a sensitive piece of personal information, and individuals are encouraged to safeguard their SIN and only provide it when necessary. Service Canada takes measures to protect the security and privacy of SINs and has implemented safeguards to prevent misuse or unauthorized access. Individuals may need to update or replace their SIN card if it is lost, stolen, or damaged, or if their personal information changes. Example of a Social Insurance Number A social insurance number (SIN) is a unique nine-digit number issued to individuals for purposes of identification and accessing government benefits and services. For example, John Smith might have a SIN of 123-456-789. This number is used for various purposes such as filing taxes, accessing government benefits like employment insurance or pension...
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### Nuans Name Search Report reservation number
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nuans-name-search-report-reservation-number/
Definition The Nuans Name Search Report reservation number is a unique identifier assigned to a reservation made through the NUANS system in Canada.   What is a Nuans Name Search Report reservation number? When a proposed name is successfully reserved through the NUANS system, a reservation number is assigned to the transaction. This reservation number serves as a unique identifier for the reservation and is used to track and reference the reservation throughout the incorporation or registration process. The reservation number is associated with a specific validity period, typically ranging from 90 days to 180 days, depending on the jurisdiction and specific requirements. During this period, the reserved name is held for the applicant's use, allowing them time to complete the incorporation or registration process. In some cases, it may be possible to renew or extend a name reservation beyond its initial validity period, subject to additional fees and requirements. Once a proposed name is reserved and a reservation number is obtained, the applicant can proceed with the incorporation of a corporation or the registration of a business name using that reserved name.   Failure to comply with reservation requirements may result in the cancellation of the reservation or other legal consequences. Example of Nuans Name Search Report report reservation number  Nuans Name Search Report reservation number: NR123456789 Proposed name: ABC Consulting Inc. Validity period: 90 days In this example, the Nuans Name Search Report reservation number "NR123456789" is assigned to the reservation made for the proposed name "ABC Consulting...
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### Nuans Name Search Report
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nuans-name-search-report/
Definition The Nuans Name Search Report is a specialized document used in Canada to verify the availability and uniqueness of a proposed corporate or business name.   What is a Nuans Name Search Report? "NUANS" stands for "New Upgraded Automated Name Search," and the report is generated through the NUANS system, which is administered by Corporations Canada. Obtaining a Nuans Name Search Report is a legal requirement for incorporating a federal corporation or registering a business name in certain provinces and territories. The Nuans system conducts a comprehensive search of existing corporate and business names registered across Canada, including federal, provincial, and territorial databases. It identifies names that are identical or similar to the proposed name, as well as names that may be confusingly similar based on specific criteria. The report also indicates whether the proposed name is available for use or if modifications are required to make it unique. The report is typically valid for a limited period, ranging from 90 days to 180 days, depending on the jurisdiction and specific requirements. During this validity period, the proposed name can be reserved or used for the purpose of incorporating a corporation or registering a business. In some cases, the Nuans Name Search Report may be used to reserve a proposed name for a specified period, allowing the applicant time to complete the incorporation or registration process. Name reservations are subject to additional fees and requirements set by the relevant jurisdiction. Example of Nuans Name Search Report  Nuans Name Search...
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### NFP Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nfp-act/
Definition The NFP Act refers to the Canada Not-for-profit Corporations Act, which is federal legislation governing the incorporation, governance, and operation of not-for-profit corporations.   What is the NFP Act? The primary purpose of the NFP Act is to provide a legal framework for the creation and governance of not-for-profit corporations in Canada. It aims to improve transparency, accountability, and effectiveness in the not-for-profit sector while facilitating the operation and growth of these organizations. The NFP Act sets out the requirements and procedures for incorporating a not-for-profit corporation in Canada. This includes eligibility criteria, name reservation, articles of incorporation, and filing requirements with Corporations Canada. Furthermore, it establishes rules and standards for the governance of not-for-profit corporations, including the composition and duties of boards of directors, member rights, meetings, and decision-making processes. Not-for-profit corporations incorporated under the NFP Act are required to maintain accurate financial records and prepare annual financial statements in accordance with generally accepted accounting principles. They must also comply with reporting requirements set out in the Act, including filing annual returns with Corporations Canada. The NFP Act outlines procedures for merging two or more not-for-profit corporations and for dissolving a corporation. It sets out the steps to be followed, including approval by members or directors, notification to stakeholders, and compliance with legal requirements.
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### Investment Canada Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/investment-canada-act/
Definition The Investment Canada Act (ICA) is a federal legislation in Canada that regulates foreign investment in Canadian businesses.   What is the Investment Canada Act? The Investment Canada Act aims to promote and protect Canadian interests by providing a framework for reviewing and approving foreign investments that may have significant economic, industrial, or national security implications. It seeks to strike a balance between attracting foreign capital and ensuring that investments are in the national interest. Under the Act, the government may review and approve or reject proposed investments based on specified criteria, including the potential economic benefits, net benefit to Canada, and national security considerations. For proposed investments that exceed certain financial thresholds, the Investment Canada Act requires investors to demonstrate that the investment will be of "net benefit" to Canada. This net benefit test considers factors such as the impact on employment, investment in research and development, and the contribution to Canada's competitiveness in global markets. In addition to the net benefit test, the Investment Canada Act authorizes the government to review proposed investments that may raise national security concerns. This review process allows the government to assess and reduce potential risks to Canada's national security. The ICA requires certain investors to provide information and reports to the government regarding their investments in Canadian businesses. This helps ensure transparency and accountability in the review process and allows the government to monitor foreign investment trends. Example of the Investment Canada Act Imagine a foreign company, ABC Industries, wants to...
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### Innovation, Science, and Economic Development Canada (ISED)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/innovation-science-and-economic-development-canada/
Definition Innovation, Science, and Economic Development Canada (ISED) is a federal government department responsible for fostering a competitive and innovative economy, supporting Canadian businesses, and promoting sustainable economic growth.   What is the Innovation, Science, and Economic Development Canada? ISED's primary purpose is to promote economic development, innovation, and entrepreneurship in Canada. It aims to create the conditions for businesses to grow, innovate, and compete in the global marketplace while fostering a strong and inclusive economy that benefits all Canadians. ISED plays a central role in advancing innovation and science initiatives to drive economic growth and improve Canada's global competitiveness. It supports research and development, technology commercialization, and collaboration between industry, academia, and government to foster innovation and drive breakthroughs in key areas such as clean technology, digital technology, and advanced manufacturing. Furthermore, ISED provides support and resources to help small and medium enterprises (SMEs) start, grow, and scale their businesses. This includes access to financing, advisory services, mentorship programs, and support for export and international trade opportunities. In an increasingly digital world, ISED is responsible for developing policies and strategies to promote the growth of Canada's digital economy. This includes initiatives to improve access to high-speed broadband internet, enhance digital knowledge and skills development, and support the adoption of digital technologies by businesses and individuals. ISED engages with international partners and organizations to promote trade, investment, and innovation cooperation. It works to strengthen Canada's position in the global economy and advance its economic interests on the international stage.
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### Income Tax Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/income-tax-act/
Definition The Income Tax Act (ITA) is the primary legislation governing federal income taxation in Canada.   What is the Income Tax Act? The Income Tax Act applies to individuals, corporations, trusts, and other organizations subject to taxation in Canada. It governs the determination of taxable income, the calculation of taxes owed, and the reporting and filing requirements for taxpayers. The Income Tax Act sets out the progressive tax rates and income brackets used to calculate the amount of tax owed by individuals and corporations. Tax rates vary based on the level of income earned, with higher-income earners subject to higher tax rates. However, it provides for various deductions, exemptions, and credits that taxpayers can claim to reduce their taxable income and overall tax liability. These may include deductions for expenses incurred in earning income as well as tax credits for specific activities or circumstances. Taxpayers are required to follow specific deadlines and requirements set by the Canada Revenue Agency (CRA) for reporting income, claiming deductions and credits, and filing tax returns. This involves complying with regulations established by the relevant legislation and ensuring the timely submission of returns and payment of any taxes owed. The Canada Revenue Agency (CRA) administers and enforces the Income Tax Act, ensuring compliance with tax laws and regulations. The CRA conducts audits, investigations, and assessments to verify the accuracy and completeness of taxpayers' filings and to address instances of non-compliance or tax fraud. Example of the Income Tax Act Canadian businesses are eligible to...
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### Harmonized Sales Tax (HST)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/harmonized-sales-tax/
Definition The Harmonized Sales Tax (HST) is a combined federal-provincial sales tax system that integrates the federal Goods and Services Tax (GST) with provincial sales taxes (PST) in certain provinces. What is Harmonized Sales Tax? The HST combines the federal GST with provincial sales taxes to create a single, harmonized tax rate. The total HST rate varies depending on the province or territory, and is higher than the federal GST rate due to the inclusion of the provincial portion. Each province sets its own rate for the provincial component of the HST. The HST applies to most goods and services sold or provided in participating provinces, including sales of tangible goods, services, and intangible property. Certain items, such as basic groceries, prescription drugs, and some medical and dental services, may be exempt from the HST. Businesses operating in provinces with the HST system are required to register for HST purposes with the Canada Revenue Agency (CRA) and collect and remit the HST on taxable supplies. Registered businesses can claim input tax credits to recover the HST paid on business purchases and expenses. Businesses are required to file HST returns periodically (monthly, quarterly, or annually). Failure to file returns or remit tax owing on time may result in penalties and interest charges. The HST generates significant revenue for both federal and provincial governments, funding various government programs and services, including healthcare, education, infrastructure, and social assistance. Example of Harmonized Sales Tax John buys a new television for $500 from an electronics...
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### Goods and Services Tax (GST)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/goods-and-services-tax/
Definition The Goods and Services Tax (GST) is a federal tax charged on most goods and services sold for domestic use.   What is Goods and Services Tax? The GST is a value-added tax, meaning it is applied at each stage of the production and distribution process, ultimately paid by the end consumer. Businesses with annual taxable supplies exceeding a certain threshold must register for GST purposes with the Canada Revenue Agency (CRA). The GST applies to most goods and services sold or provided in Canada, including sales of real property, leases, and rentals, as well as imported goods and certain supplies of intangible property and services. However, some goods and services are exempt from GST, such as basic groceries, prescription drugs, and some medical and dental services. Businesses registered for GST can claim input tax credits to recover the GST paid on business purchases and expenses. This helps ensure that the tax is applied only to the value added at each stage of production and distribution. GST returns must be filed periodically (monthly, quarterly, or annually). Failure to file returns or remit tax owing on time may result in penalties and interest charges. The GST is a significant source of revenue for the federal government. It funds various government programs and services, including healthcare, education, infrastructure, and social assistance. Example of Goods and Services Tax Imagine Sarah purchases a new laptop for $1,000 from an electronics store in Toronto. The federal GST rate in Canada is 5%. The breakdown...
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### Form 4001
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/form-4001/
Definition Form 4001 - Articles of Incorporation refers to the legal document required to establish a corporation.   What is a Form 4001? Articles of Incorporation serve as the foundational document outlining the structure, purpose, and regulations governing a corporation's existence and operation, and is submitted to the relevant authority responsible for corporate registrations. The form starts by collecting basic information about the corporation being established. This includes the proposed name of the corporation, its registered office address, and its intended business activities. Furthermore, it typically requires the names and addresses of the initial directors and officers of the corporation. These individuals are responsible for managing the corporation's affairs and making decisions on behalf of the corporation. To finalize the incorporation process, the Articles of Incorporation typically require a declaration by one or more of the incorporators or initial directors, confirming the accuracy and completeness of the information provided.   Once completed, the Form 4001 is submitted to the relevant authority along with any required fees. Upon approval and registration, the corporation becomes a legal organization, separate and distinct from its shareholders, with the rights and obligations outlined in its Articles of Incorporation. Example of a Form 4001 Form 4001 - Articles of Incorporation Corporate name: XYZ Holdings Inc. Registered office address: 123 Main Street, Toronto Business activities: Investment holding company Directors and officers: John Smith Address: 456 Maple Avenue, Toronto Position: Director and President Jane Doe Address: 789 Oak Street, Toronto Position: Director and Secretary Registered agent: ABC Legal...
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### Form 22
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/form-22/
Definition Form 22 typically refers to the Annual Return required by the federal government or provincial authorities for corporations registered in Canada.   What is a Form 22? The general purpose of Form 22 is to provide updated information about the corporation's status, directors, and shareholders to the relevant regulatory authorities on an annual basis. The form starts by collecting basic identification details about the corporation, including its legal name, registration number, registered office address, and jurisdiction of registration (federal or provincial). Furthermore, it typically requires information about the corporation's structure, such as its legal type, date of incorporation, and any changes to its structure since the last filing. The form usually includes sections to disclose information about the corporation's directors and officers. For corporations with multiple shareholders, Form 22 may require details about the shareholders, such as their names, addresses, shareholdings, and any changes in ownership or share structure. While some jurisdictions may not require financial statements to be filed with the Annual Return, corporations may be required to confirm the accuracy of their financial records and compliance with accounting standards. To certify the accuracy and completeness of the information provided, the Annual Return typically requires a declaration and signature from an authorized officer, such as the corporation's director, secretary, or designated agent. Example of a Form 22 Form 22 - Annual Return Corporation name: ABC Corporation Ltd. Registered office address: 123 Main Street, Toronto Corporate structure: Type of corporation: Business corporation Date of incorporation: January 1, 20XX Director...
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### Export Development Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/export-development-canada/
Definition Export Development Canada (EDC) is Canada's export credit agency, with the purpose of supporting and facilitating Canadian exporters and investors in international markets.   What is Export Development Canada? EDC offers various financial products and services to support Canadian exporters, including export loans, working capital financing, and buyer financing. These financial solutions help Canadian companies access the capital they need to finance export contracts, fulfill orders, and expand their international sales. Furthermore, EDC provides export credit insurance to protect Canadian exporters against the risk of non-payment by foreign buyers. This insurance coverage helps exporters reduce the financial risk of doing business in foreign markets and provides peace of mind when extending credit terms to international customers. EDC provides market intelligence, research, and insights to help Canadian companies identify export opportunities, assess market potential, and develop market entry strategies. Its global network of experts and resources helps exporters stay informed about market trends, regulatory changes, and business opportunities around the world. Additionally, EDC facilitates trade financing and payment solutions to support international transactions and trade flows. It offers services such as letters of credit, documentary collections, and trade finance guarantees to help exporters and importers manage the financial aspects of international trade transactions. Example of Export Development Canada ABC Furniture, a Canadian furniture manufacturer, has secured a contract to supply a large hotel chain in the U. S. with furnishings for its new properties. However, ABC Furniture lacks the working capital needed to fulfill the order. EDC steps in and...
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### Corporations Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/corporations-canada/
Definition Corporations Canada is a federal government agency that serves as the primary authority responsible for the incorporation, regulation, and oversight of federal corporations operating in Canada.   What is Corporations Canada? Corporations Canada facilitates the process of incorporating federal corporations in Canada. This includes providing guidance and resources to individuals, entrepreneurs, and businesses seeking to establish federal corporations. By incorporating under federal jurisdiction, corporations can operate across multiple provinces and territories in Canada, following federal laws and regulations. Corporations Canada maintains a publicly accessible registry of federal corporations, which provides information about corporate organizations, including their names, addresses, directors, officers, and status. This registry serves as a valuable resource for individuals, businesses, investors, and government agencies seeking information about federal corporations operating in Canada. Furthermore, Corporations Canada promotes good corporate governance practices among federal corporations, encouraging transparency, accountability, and responsible stewardship. It provides guidance on corporate governance principles, best practices, and regulatory requirements to help corporations maintain high standards of conduct and integrity. Corporations Canada contributes to the development of federal corporate laws and policies to support innovation, competitiveness, and economic growth in Canada. It engages with stakeholders, industry groups, and government partners to identify emerging trends, challenges, and opportunities in the corporate sector and to propose legislative and regulatory reforms as needed. Example of Corporations Canada Jane, an entrepreneur, wants to establish a federal corporation for her technology startup. She visits the Corporations Canada website to access resources and guidance on the incorporation process. She completes the necessary...
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### Chartered Professional Accountants of Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/chartered-professional-accountants-of-canada/
Definition The Chartered Professional Accountants of Canada (CPA Canada) is the national organization representing the Canadian accounting profession.   What is the Chartered Professional Accountants of Canada? CPA Canada serves as the national voice for over 200,000 professional accountants across the country, and establishes and maintains professional standards for the accounting profession in Canada. This includes developing and updating accounting and auditing standards, ethical guidelines, and best practices to ensure consistency and quality in financial reporting and services. CPA Canada represents the interests of the accounting profession to government, regulators, standard-setting bodies, and other stakeholders. It advocates for policies and regulations that promote transparency, accountability, and integrity in financial reporting and business practices, while also supporting initiatives to strengthen Canada's economy and business environment. Furthermore, CPA Canada conducts research and publishes thought leadership on various topics relevant to the accounting profession and the broader business community. This includes research reports, publications, and resources on accounting standards, taxation, financial literacy, sustainability, and other emerging issues. Lastly, CPA Canada offers professional development programs, seminars, conferences, and networking events to support the ongoing learning and professional growth of CPAs across Canada. These activities provide opportunities for CPAs to enhance their skills, knowledge, and professional networks.
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### Canadian Controlled Private Corporation (CCPC)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-controlled-private-corporation/
Definition A Canadian Controlled Private Corporation (CCPC) is a type of corporation recognized under Canadian tax law that meets specific criteria regarding Canadian ownership and control.   What is a Canadian Controlled Private Corporation? To qualify as a CCPC, a corporation must be resident in Canada for tax purposes and generally, at least 50% of the corporation's shares must be owned by Canadian residents or other CCPCs. CCPCs benefit from preferential tax treatment compared to other types of corporations. They may be eligible for the small business deduction, which provides a lower corporate tax rate on active business income up to a certain limit. Additionally, CCPCs may be eligible for other tax credits. To minimize their tax liabilities legally, CCPCs have access to various tax planning strategies. This includes strategies such as income splitting among family members, the use of the lifetime capital gains exemption for shareholders on the sale of qualified small business shares, and the ability to retain earnings within the corporation at a lower tax rate. CCPCs are subject to certain reporting requirements and compliance obligations under Canadian tax law. This includes filing annual corporate tax returns, maintaining accurate financial records, and complying with tax rules regarding dividends, salaries, and other forms of compensation to shareholders and employees. Example of a Canadian Controlled Private Corporation ABC Inc. is a small manufacturing company based in Canada. It is owned and controlled by Canadian residents, with 100% of its shares held by Canadian citizens. As a CCPC, ABC Inc....
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### Canada Revenue Agency
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-revenue-agency/
Definition The Canada Revenue Agency (CRA) is the federal agency responsible for administering tax laws, collecting taxes, and delivering a variety of social and economic benefit programs in Canada.   What is the Canada Revenue Agency? The CRA is responsible for collecting taxes owed by individuals, businesses, and other organizations in Canada. This includes conducting audits, investigations, and enforcement actions to ensure compliance with tax laws and regulations. The CRA provides various services to taxpayers to help them understand their tax obligations, navigate the tax system, and access benefits and credits for which they are eligible. This includes providing information and guidance through its website, call centres, and in-person service locations. Furthermore, the CRA is responsible for ensuring compliance with tax laws and regulations through education, outreach, and enforcement activities. This includes conducting audits, investigations, and criminal prosecutions to address tax evasion, fraud, and other forms of non-compliance. Additionally, the CRA collaborates with other government agencies and jurisdictions to share information and combat tax evasion, money laundering, and other financial crimes. It also participates in international efforts to promote tax transparency and combat offshore tax evasion.
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### Canada-Europe Trade Agreement (CETA)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-europe-trade-agreement/
Definition The Canada-European Trade Agreement (CETA) is a free trade agreement between Canada and the European Union (EU) and its member states. What is the Canada-Europe Trade Agreement? CETA aims to remove or reduce barriers to trade and investment between Canada and the EU, facilitating increased flows of goods, services, and capital. It eliminates or reduces tariffs on a wide range of products, making Canadian exports more competitive in European markets and vice versa. Additionally, CETA includes provisions to ease trade in services and promote investment between Canada and the EU. It provides for increased access to EU markets for Canadian service providers in areas such as financial services, telecommunications, and professional services, while also protecting the rights of investors. CETA includes provisions on intellectual property rights, including trademarks, copyrights, patents, and geographical indications. It establishes rules for the protection and enforcement of intellectual property rights, aiming to create a more predictable and transparent legal framework for intellectual property protection. Lastly, CETA includes chapters on sustainable development, labor rights, and environmental protection, aiming to ensure that trade and investment liberalization are conducted in a manner that promotes social and environmental objectives. Example of the Canada-Europe Trade Agreement Under the Canada-Europe Trade Agreement, a Canadian dairy producer gains improved access to the European market for its cheese products. With tariffs reduced or eliminated, the producer can now export its cheese to Europe at a more competitive price, expanding its market reach and boosting sales overseas. Similarly, a European wine producer benefits...
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### Canada Business Corporations Act (CBCA)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-business-corporations-act/
Definition The Canada Business Corporations Act (CBCA) is a federal statute that governs the incorporation, organization, and regulation of corporations in Canada at the federal level.   What is the Canada Business Corporations Act? The CBCA sets out the requirements and procedures for incorporating a corporation in Canada. This includes the preparation and filing of articles of incorporation, which outline the corporation's name, registered office, share structure, and other key details. Furthermore, the CBCA provides rules for the issuance, transfer, and redemption of shares by corporations. It governs the rights and obligations of shareholders, including their entitlement to dividends, voting rights, and participation in the management of the corporation. The CBCA also requires corporations to maintain accurate financial records and to prepare and distribute financial statements to shareholders and other stakeholders. It also establishes requirements for auditing and the appointment of auditors to review the corporation's financial affairs. Additionally, the CBCA regulates various corporate transactions, such as mergers, acquisitions and reorganizations. It sets out procedures and requirements for obtaining shareholder approval and filing notices with regulatory authorities for such transactions. Lastly, the CBCA includes provisions aimed at promoting transparency, accountability, and fairness in corporate governance. It sets standards for directors' conduct, disclosure of conflicts of interest, and protection of minority shareholders' rights.
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### Bank of Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/bank-of-canada/
Definition The Bank of Canada is Canada's central bank, responsible for formulating and implementing monetary policy, promoting a safe and efficient financial system, issuing banknotes, and acting as the government's fiscal agent.   What is the Bank of Canada? The Bank of Canada is responsible for formulating and implementing monetary policy to achieve the government's inflation target, which is currently set at 2%. It uses tools such as the target for the overnight interest rate, open market operations, and forward guidance to influence economic activity and inflation. The Bank of Canada promotes the stability and efficiency of the Canadian financial system by monitoring and assessing risks, providing liquidity to financial institutions when needed, and overseeing payment, clearing, and settlement systems. Additionally, the Bank of Canada acts as the government's fiscal agent, managing its bank accounts, issuing and redeeming government debt securities (bonds and treasury bills), and providing advice on debt management. The Bank of Canada conducts research and analysis on economic and financial issues to support its policy decisions and enhance the understanding of monetary policy and financial markets. Lastly, the Bank of Canada collaborates with other central banks and international organizations to promote global economic stability, coordinate monetary policy, and address international financial issues.
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### Accounting Standards for Private Enterprises (ASPE)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accounting-standards-for-private-enterprises-aspe/
Definition Accounting Standards for Private Enterprises (ASPE) refers to a set of accounting principles and guidelines tailored specifically for private companies operating in Canada.   What are the Accounting Standards for Private Enterprises? ASPE applies to private enterprises, which are typically smaller, non-publicly accountable organizations. It is designed to meet the needs of private company financial reporting while also providing relevant and reliable information to users of the financial statements. ASPE aims to provide simpler and less complex accounting requirements. This is because private enterprises may have fewer resources and expertise to devote to complex accounting standards. Furthermore, ASPE outlines the principles for recognizing and measuring various assets, liabilities, income, and expenses in financial statements. It covers topics such as revenue recognition, inventory valuation, depreciation, and financial instrument accounting. Lastly, ASPE requires private enterprises to disclose relevant information in their financial statements to ensure transparency and provide users with a clear understanding of the organization’s financial position and performance. Disclosures may include information about significant accounting policies, related party transactions, and contingencies. Example of Accounting Standards for Private Enterprises  ABC Inc. , a privately owned manufacturing company, follows the Accounting Standards for Private Enterprises (ASPE) in preparing its financial statements. As part of its year-end reporting, ABC Inc. applies ASPE principles to recognize revenue from the sale of its products. According to ASPE guidelines, revenue is recognized when goods are transferred to the customer and the risks and rewards of ownership have been transferred. ABC Inc. ensures that its revenue...
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### Access to Information Act
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/access-to-information-act/
Definition The Access to Information Act is a federal law in Canada that provides individuals and organizations present in Canada with the right to access records held by government institutions.   What is the Access to Information Act? Under the Act, individuals and organizatiosn have the right to request access to records under the control of government institutions. This includes records in the form of documents, emails, reports, and other materials. They can request information on government policies, decisions, programs, and activities, as well as personal information held by government institutions. The Act establishes procedures for requesting access to information, including requirements for submitting requests, processing timelines, and fees. Government institutions are required to respond to access requests within specific timeframes and provide access to requested records, but there are certain limitations. While the Access to Information Act promotes transparency, it also includes provisions to protect sensitive information and national interests. Certain types of information, such as national security, law enforcement, and confidential commercial information, may be exempt from disclosure under the Act. Example of Access to Information Act John, a Canadian citizen, is interested in understanding how a specific government department allocates its budget for environmental initiatives. He submits an access to information request to the department, asking for records related to the budget allocations. The department is required to respond to John's request within 30 days and provide him with access to the requested records. After reviewing the records, John gains insight into the department's spending on environmental...
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### Angel syndicate
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/angel-syndicate/
Definition An angel syndicate is a group of individual angel investors who pool their resources and expertise to collectively invest in early-stage startups. What is an angel syndicate? Angel syndicates enable individual angel investors to combine their financial resources, allowing them to make larger investments than they would be able to alone. By pooling funds, syndicates can provide startups with greater access to capital, which is crucial for early-stage growth and development. Participating in an angel syndicate allows individual investors to diversify their investment portfolios across multiple startups. This helps spread risk and mitigate the potential for losses, as investments in early-stage companies are more risky. Angel syndicates conduct thorough due diligence on potential investment opportunities, evaluating factors such as market potential, competitive landscape, team capabilities, and growth prospects. Syndicate members collaborate to identify promising startups and assess their viability before making investment decisions. Angel syndicates aim to generate returns for their members through successful exits, such as acquisitions or initial public offerings (IPOs) of portfolio companies. Syndicate members typically share in the profits generated from successful exits, providing a financial incentive for participating in the syndicate. Example of an angel syndicate A group of experienced angel investors forms an angel syndicate focused on investing in early-stage software-as-a-service (SaaS) companies. They identify a promising SaaS startup developing a productivity tool for remote teams, and collectively invests $500,000 in exchange for a 15% equity stake in the company. The syndicate members leverage their expertise and networks to support the startup, and...
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### Market segmentation
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-segmentation/
Definition Market segmentation is a strategic approach used by businesses to divide a market into smaller, more manageable segments or groups of consumers who share similar characteristics, needs, or behaviours.   What is market segmentation? The purpose of market segmentation is to better understand and target specific customer groups with tailored marketing strategies, products, and services. Markets consist of diverse groups of consumers with varying needs, preferences, and behaviours. Market segmentation acknowledges this diversity and recognises that a one-size-fits-all approach to marketing may not effectively reach all consumers. Segments can be defined based on various criteria, including demographic factors, geographic location, psychographic characteristics, behavioural traits, or a combination of these factors. The choice of segmentation criteria depends on the nature of the market and the objectives of the marketing strategy. Once segments are identified, marketers evaluate and prioritise them based on factors such as segment size, growth potential, profitability, and compatibility with the company's resources and capabilities. This process helps marketers decide which segments to focus on and allocate their marketing resources effectively. Segmentation enables marketers to develop tailored marketing strategies and tactics for each segment. This includes customised product offerings, pricing strategies, distribution channels, and promotional activities designed to engage with the specific needs and preferences of each segment. Example of market segmentation A beverage company conducts market research and identifies that within its target market of young adults aged 18-30, there are distinct segments based on lifestyle and preferences.   Health-conscious individuals: This segment values health and wellness,...
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### Return on capital employed (ROCE)
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/return-on-capital-employed/
Definition Return on capital employed (ROCE) is a financial metric used to evaluate the profitability and efficiency of a company's capital investments.   What is return on capital employed? Return on capital employed measures how effectively a company is generating profits from its capital investments, including both debt and equity. The formula for ROCE is as follows: ROCE = (EBIT / Capital employed) x 100 ROCE is a key measure for investors, analysts, and management because it provides insights into how efficiently a company is using its capital to generate profits. A higher ROCE indicates that the company is generating more profits per unit of capital employed, which is generally favourable. Conversely, a lower ROCE suggests inefficiency in capital allocation. This metric takes into account the capital structure of the company, including both debt and equity. It provides insights into how effectively the company is managing its debt obligations while generating profits. While ROCE is a valuable metric, it has limitations. For example, it may be influenced by accounting practices, industry norms, and economic cycles. Additionally, it does not consider the cost of capital explicitly, which can vary based on market conditions. If you want to calculate the return on capital employed for your business, try our handy calculator today. Example of return on capital employed Let's consider a company, ABC Inc. , which reported an earnings before interest and taxes (EBIT) of $500,000 for the year. The company's total capital employed, including both debt and equity, is $2,000,000. Using...
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### Exchange rate
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/exchange-rate/
Definition An exchange rate refers to the value at which one currency can be exchanged for another.   What is an exchange rate? An exchange rate is essentially the price of one country's currency in terms of another country's currency. Exchange rates are determined by the foreign exchange market, which operates globally and around the clock. These rates fluctuate constantly due to various factors such as supply and demand, economic indicators, geopolitical events, and central bank policies. Exchange rates are quoted in pairs, with the base currency listed first and the counter currency listed second. The exchange rate indicates how much of the counter currency is needed to purchase one unit of the base currency.   There are two types of exchange rates: fixed and floating. Fixed exchange rates: A currency's value is tied to another currency or a basket of currencies. Governments or central banks maintain this fixed value by buying or selling their currency as needed. While providing stability, this system can be difficult to sustain in the long run. Floating exchange rates: Currency value is set by market supply and demand. While central banks may intervene to stabilise or address extreme volatility, market participants primarily determine the exchange rate. This system offers flexibility and adapts more freely to economic changes. Exchange rates play a crucial role in international trade, investment, and finance. They affect the cost of imported and exported goods and services, influence investment decisions, impact tourism and travel expenses, and can affect a country's balance...
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### Deferred income
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/deferred-income/
Definition Deferred income is a liability recorded on a company's balance sheet that represents revenue received in advance of being earned. What is deferred income? Deferred income refers to the money a company receives for goods or services that it has not yet provided to the customer. It is recognised as a liability on the balance sheet because the company has an obligation to deliver the goods or services in the future. As the company fulfils its obligations and delivers the goods or services to the customer, the deferred income is gradually recognised as revenue on the income statement. This recognition typically occurs proportionately over the period during which the goods or services are provided. Companies are required to disclose the nature and amount of deferred income in their financial statements to provide transparency regarding their future revenue obligations and the timing of revenue recognition. Deferred income is important for financial analysis as it provides insights into a company's cash flow, revenue recognition practices, and future performance expectations. It also helps investors and analysts assess the sustainability of a company's revenue stream and its ability to fulfil its obligations to customers. Example of deferred income Let's say a fitness centre sells annual memberships for $1,200 each. A customer purchases a membership and pays the full amount upfront. Since the membership covers a period of 12 months, the fitness centre hasn't yet earned all of the revenue received. At the time of purchase: The fitness centre records $1,200 as deferred income...
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### Cross rate
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/cross-rate/
Definition A cross rate refers to the exchange rate between two currencies, neither of which is the official currency of the country in which the quote is provided.   What is cross rate? The cross rate is the exchange rate between two currencies, calculated from their respective exchange rates with a third currency, often known as the base currency. These rates are used in situations where the currencies being exchanged are not commonly traded directly against each other in the foreign exchange market. Instead, their exchange rate is calculated indirectly through a common intermediary currency. Cross rates are calculated using the exchange rates of the currencies involved and the base currency. The process involves multiplying or dividing the exchange rates to calculate the cross rate. For example, if you want to find the cross rate between Currency A and Currency B, you would first convert both currencies to a common base currency, such as the US dollar, and then calculate the exchange rate between Currency A and Currency B based on their respective rates against the base currency. Cross rates are crucial for businesses and investors engaged in international trade or investment, especially when dealing with currencies that are not widely traded. They allow parties to calculate exchange rates for currency pairs that may not have direct liquidity in the foreign exchange market. The efficiency of the foreign exchange market ensures that cross rates remain consistent with direct exchange rates after accounting for transaction costs and other factors. Any significant...
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### Compound interest
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/compound-interest/
Definition Compound interest is a concept in finance that refers to the interest earned or charged on both the initial principal amount and the accumulated interest from previous periods. What is compound interest? It is interest calculated on the initial amount of money invested or borrowed, as well as on the interest accumulated over time. This compounding effect can significantly boost savings or debt obligations over time. Compound interest has a snowball effect, where the interest earned or charged in each period is added to the principal, resulting in a larger base for calculating future interest. Over time, this compounding effect accelerates the growth of investments or debts.   Compound interest is a powerful tool for wealth accumulation over the long term. By reinvesting earnings and allowing them to compound over time, investors can achieve significant growth in their investment portfolios. On the other side, compound interest can work against borrowers, causing debts to grow rapidly if left unpaid. Credit cards, mortgages, and other loans with compound interest accrue interest on the outstanding balance, including both the principal and any accrued interest. Failure to make timely payments can lead to a cycle of increasing debt due to the compounding effect. Try our handy compound interest calculator today. Example of compound interest Let's say a company invests $50,000 in a high-yield bond with an annual interest rate of 6%, compounded annually, to finance a new project. In the first year, the company earns 6% interest on its initial investment of $50,000,...
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### Capital expenditure
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/capital-expenditure/
Definition Capital expenditure refers to the funds a company spends to buy, upgrade, or maintain physical assets with the intention of generating future benefits or returns over an extended period.   What is capital expenditure? Capital expenditures are investments made by companies to improve their long-term productive capacity or efficiency. It typically involves significant monetary outlays and is characterised by its long-term impact on the business. These expenditures are generally aimed at enhancing the company's ability to generate revenue, increase efficiency, or expand operations. Types of capital expenditure: Acquisition of fixed assets: This includes purchases of property, plant, and equipment, such as machinery, vehicles, buildings, and land. Capitalised costs: Certain costs associated with the development of long-term assets, such as research and development (R&D) expenses. Improvements and upgrades: Expenditures incurred to improve the efficiency, capacity, or functionality of existing assets. Software and intangible assets: Investments in software licences, patents, trademarks, and other intangible assets are also classified as capital expenditures. Capital expenditures are reflected as assets on the balance sheet and are typically depreciated or amortised over their useful life. While capital expenditures do not directly impact the income statement in the period they are incurred, they affect profitability indirectly through depreciation or amortisation expenses over time. Lastly, capital expenditures are reflected as cash outflows in the investing activities section of the cash flow statement. Furthermore, capital expenditures play a vital role in driving growth, competitiveness, and sustainability for businesses across various industries. They enable companies to modernise infrastructure, adopt...
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### Administrative expenses
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/administrative-expenses/
Definition Administrative expenses refer to the costs incurred by a business in the day-to-day operations and management of its activities.   What are administrative expenses? These expenses are essential for the functioning of the business but do not directly contribute to the production of goods or services. Administrative expenses cover a wide range of costs associated with general management, administration, and support functions within an organisation. Some common examples of administrative expenses include: Salaries and wages: Compensation paid to administrative staff involved in general administration and support functions. Office rent and utilities: Costs associated with leasing office space and utility bills such as electricity, water, and internet services. Office supplies and equipment: Expenses related to office supplies, equipment, and furniture necessary for day-to-day operations. Insurance: Payments made for various types of insurance coverage, including property insurance, liability insurance, and workers' compensation insurance. Depreciation and amortisation: Allocation of the cost of tangible assets (depreciation) and intangible assets (amortisation) used in administrative activities. Training and development: Expenses for employee training programs, professional development seminars, and educational courses. Office maintenance and cleaning: Expenses related to maintenance of office facilities, including janitorial services, repairs, and renovations. Administrative expenses are recorded on the income statement of a company and are deducted from its total revenue to calculate its operating profit. Monitoring and controlling administrative expenses are essential for businesses to maintain profitability, improve efficiency, and allocate resources effectively.   Example of administrative expenses Let's consider a small consulting firm. Some of its administrative expenses for...
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### Accounting rate of return (ARR)
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accounting-rate-of-return/
Definition The accounting rate of return (ARR) is a financial metric used to evaluate the profitability of an investment project or asset by comparing the average accounting profit generated by the investment to the initial investment cost.   What is the accounting rate of return? ARR is often expressed as a percentage and provides insight into the average annual return generated by the investment relative to its initial cost. To calculate the accounting rate of return, the following formula is typically used: ARR = (Average accounting profit / Initial Investment) x 100 ARR is relatively simple to calculate and understand compared to other investment appraisal methods, making it a popular metric for small businesses or projects where complex financial analysis may not be feasible. Keep in mind that ARR does not explicitly consider the time value of money, as it does not discount future cash flows back to their present value. This can be a limitation, especially when comparing investment projects with different cash flow timing. While ARR may not be suitable for comparing investment projects with different durations or cash flow profiles, it can be useful for comparing similar projects or investment alternatives within an organisation. Example of the accounting rate of return Let's say a company invests $50,000 in a new project. Over the next five years, the project generates the following annual accounting profits: Year 1: $10,000 Year 2: $12,000 Year 3: $14,000 Year 4: $16,000 Year 5: $18,000 Calculate the average accounting profit: Average accounting profit...
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### Absolute return
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/absolute-return/
Definition Absolute return refers to the performance of an investment or portfolio relative to its initial value, without considering any benchmark.   What is absolute return? Absolute return focuses solely on the absolute gains or losses generated by the investment over a specific period. The goal of absolute return investing is to achieve positive returns regardless of market conditions. This approach aims to generate profits consistently, regardless of whether the overall market is rising or falling.   To calculate the absolute return, the following formula can be used: Absolute return (%) = ( (Final value - Initial value) / Initial value) x 100 Absolute return strategies often prioritise capital protection and risk management, seeking to limit downside volatility and protect against significant losses. By focusing on absolute returns, investors aim to achieve steady and predictable growth over time, rather than attempting to outperform a specific benchmark. Absolute return strategies are commonly used by hedge funds, private wealth managers, and institutional investors seeking to diversify their portfolios and reduce overall portfolio risk. However, absolute return strategies can vary widely in terms of risk profile, investment approach, and performance outcomes, making them suitable for investors with different risk tolerances and investment objectives. Example of absolute return Let's say an investor invested $10,000 in a stock at the beginning of the year. At the end of the year, the investment is now worth $12,000. To calculate the absolute return: Absolute Return (%) = ( (12,000 - 10,000) / 10,000) x 100 = 20%...
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### Gross income
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/gross-income/
Definition Gross income refers to the total revenue generated by a company from its primary business activities before deducting any expenses. What is gross income? Gross income represents the amount of money earned from sales of goods or services without accounting for any costs associated with producing or delivering those goods or services. Gross income is calculated by subtracting the cost of goods sold (COGS) from the total revenue.   Gross Income = Total revenue - Cost of goods sold (COGS) It serves as a key performance indicator (KPI) for evaluating the efficiency and profitability of a company's operations. It provides insights into the company's ability to generate revenue and covers the basic costs of production. While gross income represents the revenue generated by a company, it does not reflect its overall profitability. To determine profitability, additional expenses such as operating expenses, interest, taxes, and depreciation must be deducted from gross income to calculate net income. Gross income is crucial for budgeting and financial planning purposes. It helps companies forecast future revenue streams, set sales targets, and allocate resources effectively to maximise profitability. Example of gross income Company ABC, a retail clothing store, generates $1,000,000 in revenue from sales of clothing items over the course of a year. To acquire these clothing items for sale, Company ABC incurs $600,000 in costs. Now we can calculate Company ABC's gross income: Gross income = $1,000,000 - $600,000 = $400,000 So, Company ABC's gross income for the year is $400,000. This represents the...
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### Earnings before tax (EBT)
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/earnings-before-tax/
Definition Earnings before tax (EBT), also known as pre-tax income or profit before tax, is a financial metric used to assess a company's profitability before accounting for taxes. What is earnings before tax? Earnings before tax represents the amount of money a company earns from its core operations before deducting taxes and other non-operating expenses. Earnings before tax is calculated using the formula:  Earnings before tax = Total revenue - Operating expenses EBT is a key measure of a company's operating performance because it reflects its ability to generate profits from its core business activities, independent of tax considerations. Furthermore, it allows for comparisons of profitability between companies in different tax jurisdictions or with varying tax structures. EBT is a key component in financial analysis and is often used in various financial ratios and metrics. For example, it serves as the starting point for calculating earnings per share (EPS), return on assets (ROA), return on equity (ROE), and other profitability ratios. For investors, EBT provides valuable insights into a company's financial health and its ability to generate profits from core operations. A consistent and growing EBT over time indicates a healthy and sustainable business model. Example of earnings before tax Company XYZ generated $1 million in revenue last year. They incurred $600,000 in operating expenses. Their earnings before tax (EBT) can now be calculated: EBT = $1,000,000 - $600,000 = 400,000 So, Company XYZ's earnings before tax for the year was $400,000. This figure represents the profit generated by the...
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### Market validation
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-validation/
Definition Market validation is a key process in business development and entrepreneurship aimed at confirming the potential and demand for a product or service within a specific market.   What is market validation? Market validation involves gathering evidence and feedback from potential customers, industry experts, and stakeholders to assess whether there is a need for the offering and whether customers are willing to pay for it at a profitable price point. Comprehensive market validation typically includes several key components: Identifying target market: This involves defining the specific segment of customers who are likely to benefit from the product or service.   Problem-solution fit: Market validation seeks to validate whether the product or service addresses a real problem or fulfils a need in the market.   Assessing market size and opportunity: Evaluating the size and growth potential of the target market is crucial for determining the scalability and long-term viability of the business. Prototype testing and iteration: Building a prototype or minimum viable product (MVP) allows entrepreneurs to gather early feedback from users and iterate on the product based on their insights. Pricing strategy: Market validation involves testing different pricing models and price points to determine the optimal pricing strategy that maximises profitability while remaining competitive in the market. Validation metrics: Establishing key performance indicators (KPIs) and validation metrics helps track the success of the market validation efforts. Example of market validation Imagine a software startup that is developing a new task management application for freelancers. Before investing further resources into...
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### Serviceable obtainable market (SOM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/serviceable-obtainable-market/
Definition Serviceable obtainable market is a concept in business strategy and market analysis, which refers specifically to the portion of the SAM that a company can actually capture. What is a serviceable obtainable market? SOM represents the subset of the serviceable available market (SAM) that a company can effectively capture and convert into revenue. It reflects the achievable market share within the target market segments. SOM analysis requires the segmentation of the market into relevant and distinct segments. However, SOM focuses on identifying and prioritising segments where the company can gain a competitive advantage and achieve market share. Calculating SOM involves evaluating the company's competitive position, market penetration strategies, and market share objectives within the target segments. It requires an assessment of the company's strengths and weaknesses relative to competitors and an understanding of customer needs and preferences. Understanding SOM informs resource allocation decisions. By focusing resources on segments with the greatest potential for market share gains, companies can optimise their efforts and maximise returns on investment. SOM analysis provides a basis for revenue forecasting by estimating the company's potential revenue within the target market segments. By projecting market share gains over time, companies can set realistic revenue targets and track progress towards achieving them. Example of a serviceable obtainable market Let's consider an example of SOM for a company that produces premium coffee targeting coffee enthusiasts in a specific city. Through market research, the company estimates there are approximately 50,000 coffee enthusiasts in the city. However, considering factors such...
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### Serviceable available market (SAM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/serviceable-addressable-market/
Definition A serviceable available market is a concept in business strategy and market analysis, closely related to total available market (TAM). SAM focuses on the portion of the market that a company can realistically target and serve with its products or services. What is a serviceable available market? SAM refers to the portion of the total addressable market (TAM) that a company can effectively reach and serve with its products or services. It represents the subset of potential customers within a market segment that the company can realistically target given its resources, capabilities, and market positioning. SAM analysis requires careful segmentation of the market into relevant segments. However, SAM focuses on identifying and prioritising segments that align with the company's strategic objectives, capabilities, and competitive advantages. Calculating SAM involves narrowing down the TAM to the specific segments that the company intends to target. SAM estimation may also consider factors such as distribution channels, regulatory constraints, and competitive landscape. This analysis helps companies identify the most attractive market segments to focus their resources and efforts on. Furthermore, it guides resource allocation decisions and by focusing resources on segments with the greatest revenue potential and alignment with the company's strengths, companies can optimise their market penetration efforts. While SAM represents the immediate market opportunity, it also serves as a foundation for identifying future growth opportunities, as companies can gradually expand their reach to similar segments or new geographic markets. Example of a serviceable available market Let's consider an example of SAM for...
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### Total addressable market (TAM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/total-addressable-market/
Definition A total addressable market is a concept in business strategy and market analysis. It refers to the overall revenue opportunity available for a product or service within a defined market.   What is a total addressable market? TAM represents the total revenue opportunity available in a specific market segment. It reflects the maximum potential revenue that could be generated if a company achieved 100% market share within that segment. Segmentation can be based on factors such as demographics, geographic location, industry verticals, or customer behaviour. Calculating TAM involves multiplying the number of potential customers within a market segment by the average revenue that each customer is expected to generate. This can be done using various approaches, including top-down analysis, bottom-up analysis, and value-based analysis. Top-down analysis: In top-down analysis, TAM is estimated by considering the overall market size and then narrowing it down to the specific segment of interest. Bottom-up analysis: Bottom-up analysis involves estimating TAM by aggregating the revenue potential of individual market segments. Value-based analysis: Value-based analysis focuses on the economic value that a product or service delivers to customers.   While TAM provides valuable insights, it's important to recognise its limitations. TAM represents the theoretical maximum market opportunity and may not account for factors such as competition, market dynamics, or economic conditions. Example of a total addressable market Let's consider an example of TAM for a company that produces electric scooters targeting urban commuters in a particular city. Market segmentation: The company segments the market based...
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### Credit union
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/credit-union/
Definition A credit union is a financial cooperative owned and operated by its members, who are typically individuals with a common bond.   What is a credit union? Unlike traditional banks, which are owned by shareholders and operated for profit, credit unions are nonprofit organisations that exist to serve their members' financial needs. Credit unions are membership-based organisations, and individuals must meet eligibility requirements to join. Common membership criteria include residing in a specific geographic area, working for a certain employer, belonging to a particular industry or profession, or being a member of an affiliated organisation or association. Members of a credit union are also its owners. Each member has equal voting rights regardless of the amount of money they have deposited or invested in the credit union.   Credit unions operate on a not-for-profit basis, meaning that any profit generated is returned to members in the form of dividends, lower interest rates on loans, higher interest rates on savings accounts, and improved services. Unlike banks, credit unions do not have shareholders expecting dividends or capital gains. Credit unions offer a range of financial products and services similar to those provided by banks, including savings accounts, checking accounts, certificates of deposit (CDs), loans , credit cards, and online banking services. Some credit unions may also offer additional services such as insurance, investment products, and financial counselling. Example of a credit union Sarah is looking for a place to deposit her savings and obtain a loan for a car. She decides...
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### Book-to-market ratio
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/book-to-market-ratio/
Definition The book-to-market (B/M) ratio is a financial metric used to evaluate the relative valuation of a company's stock by comparing its book value to its market value.   What is a book-to-market ratio? The book-to-market ratio provides insight into the valuation of a company's stock relative to its accounting value. A high book-to-market ratio suggests that the company's stock is relatively undervalued by the market compared to its book value, while a low ratio indicates that the stock may be overvalued. The book-to-market ratio is calculated by dividing a company's book value per share by its market value per share. The formula is as follows: B/M ratio = Book value per share / Market value per share The book value per share is typically derived from the company's balance sheet by dividing its total shareholders' equity by the number of outstanding shares. The market value per share is obtained by multiplying the current market price per share by the number of outstanding shares. While the book-to-market ratio provides valuable insights into a company's valuation, it has some limitations. For example, it does not take into account future earnings potential, growth prospects, or qualitative factors that may impact a company's stock price. Example of a book-to-market ratio Let's consider a company, ABC Inc. , which has the following financial information: Book value per share: $20 Market value per share: $30 To calculate the book-to-market ratio for ABC Inc. , we use the formula from above: B/M ratio = $20 /...
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### Benefit-cost ratio (BCR)
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/benefit-cost-ratio/
Definition The benefit-cost ratio (BCR) is a financial metric used to evaluate the profitability or viability of an investment or project by comparing the benefits gained from the project to its costs.   What is a benefit-cost ratio? The benefit-cost ratio is commonly used as a decision-making tool in project evaluation and investment analysis. However, other factors such as risk, uncertainty, strategic alignment, and qualitative considerations should also be taken into account when making investment decisions. The formula for calculating the benefit-cost ratio is: BCR = Total present value of benefits / Total present value of costs A benefit-cost ratio greater than 1 indicates that the present value of benefits exceeds the present value of costs, suggesting that the project is potentially economically viable or profitable. A BCR of exactly 1 implies that the project's benefits equal its costs, while a BCR less than 1 indicates that the costs outweigh the benefits, suggesting that the project may not be economically feasible or advisable. The ratio takes into account the time value of money by discounting both the benefits and costs to their present values. This adjustment reflects the principle that a dollar received or spent in the future is worth less than a dollar received or spent today. While the benefit-cost ratio provides valuable insights into the economic viability of projects, it has some limitations. For example, it may not fully capture non-monetary factors such as intangible benefits, social impacts, and environmental considerations. Additionally, the accuracy of BCR calculations depends...
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### Bankruptcy
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/bankruptcy/
Definition Bankruptcy is a legal process that individuals and businesses can use to obtain relief from overwhelming debt burdens when they are unable to repay their creditors.   What is bankruptcy? Bankruptcy involves filing a request in a bankruptcy court, where a judge oversees the process and resolves the debtor's financial issues. Bankruptcy laws vary by country, but they generally aim to provide a fair and orderly process for debtors to address their financial difficulties while protecting the rights of creditors. One of the primary goals of bankruptcy is to provide debtors with a fresh start by discharging eligible debts. Bankruptcy laws provide exemptions that protect certain assets from being seized and sold to repay creditors. Exempt assets may include a primary residence, vehicle, household goods, retirement accounts, and personal belongings. Bankruptcy laws often require debtors to undergo credit counselling before filing for bankruptcy and complete financial management courses after filing. These requirements aim to educate debtors about budgeting, financial management, and responsible credit use to prevent future financial difficulties. Furthermore, bankruptcy can have a significant impact on a debtor's creditworthiness and ability to obtain credit in the future. A bankruptcy filing typically remains on a debtor's credit report for several years, potentially affecting their ability to qualify for loans, credit cards, and favourable interest rates. Example of bankruptcy John, a small business owner, has been struggling financially due to declining sales and mounting debts. Despite his efforts to cut costs and increase revenue, he finds himself unable to keep...
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### Artificial intelligence (AI)
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/artificial-intelligence/
Definition Artificial intelligence (AI) refers to the simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence.   What is artificial intelligence? AI includes a broad range of techniques, algorithms, and technologies aimed at replicating or augmenting human cognitive abilities. There are various subfields within AI, including: Machine learning: Machine learning involves the development of algorithms that enable computers to learn from data and make predictions or decisions without being explicitly programmed.   Natural language processing (NLP): NLP focuses on enabling computers to understand, interpret, and generate human language. Computer vision: Computer vision involves developing algorithms that allow computers to interpret and understand visual information from images or videos. Robotics: Robotics combines AI with mechanical engineering to create intelligent machines capable of performing physical tasks. Expert systems: Expert systems are AI systems that imitate the decision-making ability of a human expert in a specific domain.   AI technologies are increasingly being integrated into various sectors and industries. They are driving innovation, automation, and efficiency, transforming how businesses operate and how people live and work. While AI offers numerous benefits it also raises ethical, social, and economic concerns. Issues such as job displacement, bias in algorithms, data privacy, and the impact on society require careful consideration and regulation as AI continues to advance. Example of artificial intelligence  A virtual assistant, such as Amazon's Alexa or Apple's Siri, uses artificial intelligence to understand and respond to voice commands or queries from users. When a user asks...
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### Acceleration clause
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/acceleration-clause/
Definition An acceleration clause allows the lender or creditor to demand immediate repayment of the entire outstanding balance or take other specified actions if the borrower fails to meet certain obligations outlined in the agreement.   What is an acceleration clause? An acceleration clause grants the lender the right to accelerate the repayment schedule, making all remaining payments due immediately. The primary purpose of an acceleration clause is to protect the lender's interests by providing a mechanism to address borrower default or breaches of contract. By accelerating the repayment schedule, the lender can reduce potential losses and take timely action to recover funds or collateral. Acceleration clauses typically specify the circumstances or events that trigger the acceleration of the loan or contract. Common triggering events may include: Default on loan payments: Failure to make timely payments of principal or interest as required by the loan agreement. Breach of covenants: Violation of specific terms, conditions, or covenants outlined in the agreement. Bankruptcy or insolvency: Filing for bankruptcy or insolvency proceedings by the borrower, which may jeopardise the lender's ability to recover the outstanding debt. Material adverse change: Significant adverse changes in the borrower's financial condition, creditworthiness, or ability to repay the debt. Acceleration clauses pose significant risks for borrowers, as they can result in immediate repayment obligations or negative consequences in the event of default. Borrowers should carefully review and understand the terms of any loan agreement or contract containing acceleration provisions before signing to reduce potential risks and liabilities. Example...
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### Accelerated depreciation
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accelerated-depreciation/
Definition Accelerated depreciation is a method used in accounting to allocate the cost of a tangible asset over its useful life in a way that allows for larger deductions in the earlier years of the asset's life compared to the straight-line method of depreciation.   What is accelerated depreciation? The primary purpose of accelerated depreciation is to match the expenses associated with the use of an asset with the revenue it generates over its useful life more accurately. By front-loading depreciation deductions, businesses can reduce their taxable income and tax liabilities in the earlier years of an asset's life, providing cash flow benefits and improving financial performance. There are different methods of accelerated depreciation, including: Double-declining balance (DDB): Under this method, depreciation expense is calculated by applying a fixed rate to the asset's book value at the beginning of each period. The depreciation expense decreases over time as the asset's book value declines. Sum-of-the-years'-digits (SYD): This method assigns a decreasing fraction to each year of the asset's useful life, with the total of the fractions equal to the sum of the digits of the asset's useful life. Businesses often use accelerated depreciation for assets that are expected to generate higher returns or become outdated more quickly, such as technology or equipment. However, businesses should consider the impact of accelerated depreciation on financial statements, tax liabilities, and cash flow before selecting a depreciation method. Example of accelerated depreciation Let's say a company purchases a piece of machinery for $100,000 with an...
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### Software as a service (SaaS)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/software-as-a-service/
Definition Software as a service (SaaS) is a cloud-based software distribution model in which applications are hosted by a third-party provider and made available to customers over the internet.   What is software as a service? SaaS is a type of cloud computing service that allows users to access and use software applications hosted on remote servers, eliminating the need for local installation and maintenance. Users access the software via the internet, usually through a web browser, from any device with an internet connection. Some of the key characteristics in SaaS are: Subscription-based pricing: SaaS applications are typically offered on a subscription basis, where customers pay a recurring fee for access to the software.   Centralised hosting: SaaS applications are hosted on remote servers maintained by the service provider. This centralized hosting model allows for easy accessibility and ensures that users always have access to the latest version of the software. Automatic updates and maintenance: Service providers are responsible for maintaining and updating the software. Users benefit from seamless updates without the need for manual intervention. Scalability and flexibility: SaaS solutions are designed to scale with the needs of the user, allowing for easy expansion or reduction of resources and features as required.   One of the advantages included in SaaS is that it eliminates the need for upfront hardware and software investments, reducing capital expenditures. Users pay only for what they use on a subscription basis, resulting in predictable and manageable costs. Additionally, SaaS solutions can easily scale up...
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### Small and medium enterprise (SME)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/small-and-medium-enterprise/
Definition Small and medium enterprise (SME) refers to businesses that typically have a relatively small number of employees and generate modest levels of revenue compared to larger corporations.   What is a small and medium enterprise? SMEs are characterised by their smaller scale compared to large corporations. The exact criteria defining an SME can vary, but parameters such as the number of employees, annual revenue, or balance sheet total are often used to categorise businesses as small or medium-sized. Furthermore, SMEs are typically independently owned and operated. They may be sole proprietorships, partnerships, or privately owned companies. This independence allows SMEs to be more flexible in their operations compared to larger, more bureaucratic organisations. SMEs play a crucial role in driving economic growth and development. They contribute to job creation, innovation, and competition in various sectors. In many economies, SMEs are considered the backbone of the economy, as they make up a significant portion of total businesses and employment. A downside for SMEs are that they may face challenges in accessing resources such as capital, skilled labor, and technology, particularly in their early stages of development. However, advancements in technology and changes in business models have facilitated greater access to resources for SMEs. Example of a small and medium enterprise A small enterprise might be a local bakery owned by a family, employing a handful of staff, and generating revenue primarily from local customers. It could have a modest storefront, a small production area, and annual revenues of around $500,000....
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### Service-level agreement (SLA)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/service-level-agreement/
Definition A service-level agreement (SLA) is a formal contract or agreement between a service provider and its customer that outlines the level of service that the provider is obligated to deliver.   What is a service-level agreement? A service-level agreement serves as a documented commitment to the quality and performance standards expected from the service provider and defines the rights, responsibilities, and expectations of both parties. The agreement will outline specific measurable objectives that define the desired performance levels for the services, such as uptime, response time, resolution time, availability, and reliability. Additionally it will include quantifiable metrics used to assess and monitor the performance of the services, which may include key performance indicators (KPIs), benchmarks, and targets. Furthermore, a clear definition of the roles and responsibilities of both the service provider and the customer will be outlined. This includes any third-party vendors or stakeholders involved in service delivery. The agreement will also define service availability, scheduled maintenance windows, and acceptable downtime thresholds, along with procedures for handling service disruptions and outages. Terms and conditions related to contract termination, renewal, modification, or renegotiation, including notice periods, termination clauses, and renewal options are also always included in a service-level agreement. SLAs are commonly used in various industries to formalise service agreements and establish clear expectations. By defining service levels, performance standards, and accountability measures upfront, SLAs help ensure customer satisfaction, reduce risks, and maintain the quality and reliability of services delivered. Example of a service-level agreement Here's a short example of...
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### Search engine optimisation (SEO)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/search-engine-optimisation/
Definition Search engine optimisation (SEO) is a digital marketing strategy aimed at improving a website's visibility and ranking on search engine results pages for relevant keywords and phrases. What is search engine optimisation? SEO involves optimising various aspects of a website and its content to align with the algorithms used by search engines to determine the relevance and authority of web pages. Some key components of SEO include: Keyword research: Identifying and targeting the most relevant keywords and search queries that potential visitors use to find products, services, or information. On-page optimisation: Optimising various elements within individual web pages to make them more search engine-friendly. This includes optimising meta tags, headings, URL structure, and content optimisation. Technical SEO: Addressing technical aspects of a website to improve its crawlability, indexability, and overall performance in search engines.   Content creation and marketing: Producing high-quality, relevant, and engaging content that satisfies user intent and provides value to the target audience. Link building: Getting high-quality backlinks from authoritative and relevant websites to improve a site's authority, credibility, and search engine rankings. Monitoring and analytics: Tracking and analysing website performance, keyword rankings, traffic sources, user behaviour, and other key metrics using tools.   Example of search engine optimisation Imagine a small local bakery, "Sunrise Bakery," located in a bustling city. The bakery wants to increase its online visibility and attract more customers to its website. They decide to implement some basic SEO tactics to improve their search engine rankings and drive more organic traffic. Sunrise...
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### Revenue
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/revenue/
Definition Revenue refers to the total amount of money earned by a company from its normal business activities over a specific period.   What is revenue? Revenue, also known as "sales" or "income," represents the top line of a company's income statement and is calculated by multiplying the quantity of goods sold or services sold by their respective selling prices. It does not include any deductions for costs or expenses associated with producing or delivering the goods or services. Revenue is typically recorded on an accrual basis, meaning it is recognised when goods are delivered, regardless of when payment is received. Revenue can also be measured on a cash basis, where it is recognised only when cash is received from customers. Types of revenue: Operating revenue: This is the revenue generated from a company's primary business activities, such as selling products or providing services. Non-operating revenue: This includes income generated from sources other than the company's core business operations, such as interest income, dividends, or gains from the sale of assets. Components of revenue: Product sales: Revenue generated from the sale of tangible goods produced or purchased by the company. Service revenue: Revenue generated from providing services to customers, such as consulting, maintenance, or subscription-based services. Other revenue streams: This may include licensing fees, royalties, rental income, advertising revenue, or any other sources of income not directly related to product sales. Revenue is a key indicator of a company's financial health and performance. Higher revenue typically signifies growth and success...
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### Quote
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quote/
Definition A quote serves as an official offer outlining the terms and conditions under which the seller is willing to supply the requested products or services. What is quote? A quote outlines the proposed price, terms, specifications, and other relevant details for the products or services being offered. Quotes are typically issued in response to a customer's request for pricing information and serve as a key step in the sales process. Contents of a quote: Price: The quote includes the total cost of the products or services being offered, broken down into individual line items if necessary. Terms and conditions: The quote outlines the terms of the proposed transaction, including payment terms, delivery or service timelines, warranties, guarantees, and any applicable taxes or fees. Specifications: For product quotes, detailed specifications or descriptions of the goods being offered are provided. For service quotes, it may include a description of the services to be performed, deliverables, and project milestones. Validity period: Quotes often have an expiration date or validity period, indicating the timeframe within which the customer can accept the offer at the specified price and terms. Contact information: The quote includes the seller's contact information, including name, address, phone number, email, and any relevant business details. The primary purpose of a business quote is to provide potential customers with detailed information about the products or services offered by a business and the associated costs. They are typically issued in response to customer inquiries, requests for proposals, or formal bidding processes.  ...
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### Quarter to date (QTD)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quarter-to-date/
Definition Quarter to date (QTD) refers to the period starting from the beginning of the current quarter up to the current date.   What is quarter to date? QTD allows businesses to monitor their performance and compare it to previous quarters or targets. It provides a snapshot of how well the company is performing within the current quarter, helping to identify areas of strength and weakness. Understanding QTD allows businesses to assess their performance and progress within the ongoing quarter. It provides valuable insights into trends, patterns, and fluctuations in key metrics over time, enabling companies to make informed decisions, adjust strategies, and manage resources effectively. By analysing QTD data, businesses can make timely and informed decisions to optimise operations, allocate resources efficiently, and address any challenges or opportunities that arise during the quarter. The data can also be compared to previous quarters or the same period in previous years to assess growth, trends, and seasonality. This comparative analysis helps businesses identify long-term patterns and make strategic decisions accordingly. QTD figures are often included in financial reports and presentations to stakeholders, investors, and management. They provide a clear overview of the company's financial health and progress during the quarter. Example of quarter to date Let’s say today's date is February 21st, and we're in the first quarter of the year (Q1). XYZ Corporation began tracking its sales from January 1st. As of February 21st, the quarter to date sales figures for XYZ Corporation are as follows: January sales: $500,000 February...
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### Quarter over quarter (QoQ)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quarter-over-quarter/
Definition Quarter over quarter (QoQ) is a financial metric used to analyse changes in a company's performance or a particular variable over successive quarters, typically within a fiscal year. What is quarter over quarter? Quarter over quarter provides insights into the growth or decline within a relatively short timeframe. In QoQ analysis, data from one quarter is compared to the data from the previous quarter. This comparison helps stakeholders to assess the changes in key business indicators, including revenue, earnings, expenses and other operational metrics. The formula to calculate QoQ change is: QoQ % change = ( (Current quarter − Previous quarter) / Previous quarter) x 100 A positive QoQ percentage indicates growth or improvement, while a negative percentage indicates decline. Analysing QoQ trends helps stakeholders understand the pace of change in a company's performance, identify seasonal patterns, assess the effectiveness of strategic initiatives, and make informed decisions regarding investments, resource allocation, and business planning. It's important to note that while QoQ analysis provides valuable insights into short-term trends, it should be complemented with other financial and operational metrics for a comprehensive understanding of a company's overall performance and prospects.   Example of quarter over quarter Let's say a company measures its revenue growth on a quarterly basis. In quarter 1 (Q1) of the year, the company earns $1 million in revenue. In quarter 2 (Q2), the company's revenue increases to $1. 2 million. Now we can calculate the change in revenue from Q1 to Q2: QoQ revenue growth =...
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### Public relations (PR)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/public-relations/
Definition Public relations (PR) is the strategic practice of managing communication between an organisation and its various stakeholders, including the public, media, investors, customers, employees, and government entities.   What is public relations? The primary goal of PR is to build and maintain a positive reputation for the organisation, enhance its credibility and trustworthiness, and foster mutually beneficial relationships with its target audiences. PR professionals listen to stakeholders' concerns, gather feedback, and engage in two-way communication to build trust and goodwill. PR professionals engage with journalists, editors, and other media professionals to generate positive media coverage for their organisation. They pitch story ideas, arrange interviews, and distribute press releases to convey key messages and news updates to the media and the public. They develop compelling content, such as press releases, articles, blog posts, social media posts, and multimedia materials, to communicate the organisation's messages effectively.   In times of crisis, PR professionals play a key role in managing the organisation's response, providing timely and transparent communication, and reduce reputational damage. They develop crisis communication plans, coordinate with internal and external stakeholders, and monitor public sentiment to address issues swiftly and effectively. Lastly, PR professionals promote the organisation's CSR initiatives, such as sustainability efforts, philanthropy, and community engagement, to demonstrate its commitment to social and environmental responsibility. CSR activities contribute to building a positive corporate image and strengthening stakeholder relationships. Example of public relations Let's say a new tech startup has just launched a revolutionary app that helps people manage their...
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### Platform as a service (PaaS)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/platform-as-a-service/
Definition Platform as a service (PaaS) is a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the underlying infrastructure.   What is platform as a service? PaaS offers a complete development and deployment environment in the cloud, including tools, libraries, middleware, databases, and runtime environments, enabling developers to focus on building and delivering applications rather than managing hardware and software infrastructure. PaaS platforms are designed to scale automatically to handle fluctuations in application demand. They offer features such as auto-scaling, load balancing, and elastic storage to ensure that applications can scale up or down seamlessly in response to changing workload requirements.   PaaS platforms typically support multi-tenancy, allowing multiple users or organisations to share the same underlying infrastructure and resources while maintaining isolation and security. Additionally, PaaS platforms support various deployment models, including public, private, and hybrid clouds, as well as on-premises environments. This flexibility allows organisations to choose the deployment model that best meets their requirements for security, compliance, performance, and data sovereignty. A pay-as-you-go pricing model are typically used by PaaS platforms, where customers pay only for the resources and services they consume on a usage basis. This allows organisations to align their costs with actual usage and avoid upfront capital investments in infrastructure. Example of platform as a service Imagine a software development company, "Tech Solutions Inc. ," that is building a new web application. Instead of setting up and managing their own...
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### Pay per click (PPC)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/pay-per-click/
Definition Pay per click (PPC) is an online advertising model in which advertisers pay a fee each time their ad is clicked by a user.   What is pay per click? Pay per click is a method of buying visits to a website rather than earning those visits organically through search engine optimisation (SEO) or other forms of digital marketing. PPC is commonly used in search engine advertising, social media advertising, and display advertising to drive traffic to websites and generate leads or sales. PPC ads are typically displayed on search engine results pages (SERPs), social media platforms, websites, and other digital channels where users are likely to encounter them. Advertisers select relevant keywords related to their products or services and bid on them to have their ads displayed when users search for those keywords. With PPC advertising, advertisers only pay when their ads are clicked by users, hence the name "pay per click. " The cost per click (CPC) is determined by the bidding process and can vary based on factors such as keyword competitiveness, ad relevance, and ad position. PPC offers several benefits for advertisers, including immediate visibility and traffic generation, precise targeting options, measurable results, and the ability to control ad spend and budgets in real-time. It is a highly scalable and cost-effective advertising channel for businesses of all sizes and industries. Example of pay per click Let's say you own a small online shoe store and want to increase traffic to your website. You decide to...
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### Pay as you earn (PAYE)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/pay-as-you-earn/
Definition Pay as you earn (PAYE) is a system of income tax withholding used by employers to deduct tax from employees' wages or salaries in real-time, as they are earned.   What is pay as you earn? Pay as you earn is a common method of collecting income tax in many countries and it ensures that individuals pay their taxes throughout the year, rather than in a lump sum at the end of the tax year, making it easier to manage their tax obligations. Under the PAYE system, employers are responsible for deducting income tax from employees' paychecks based on their earnings and tax code. These deductions are then remitted to the tax authority on behalf of the employee. Employers are required to report PAYE deductions to the tax authority in real-time, usually on or before each payday. This ensures that tax payments are accurately recorded and reconciled with employees' earnings, providing transparency and accountability in the tax collection process. Employers have several responsibilities under the PAYE system, including registering with the tax authority as an employer, deducting and paying taxes from employees' pay, providing employees with pay statements detailing their earnings and deductions, and submitting payroll reports to the tax authority. PAYE provides employees with the convenience of having their taxes deducted automatically from their paychecks, eliminating the need to make separate tax payments or calculate tax liabilities. It also facilitates budgeting and financial planning by spreading tax payments evenly throughout the year. Example of pay as you earn...
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### On-demand computing (ODC)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/on-demand-computing/
Definition On-demand computing (ODC), also known as utility computing or pay-as-you-go computing, is a cloud computing model in which computing resources are provided and accessed dynamically over the internet on an as-needed basis. What is on-demand computing? On-demand computing allows organisations to access and use computing resources quickly and efficiently without the need for significant upfront investment in hardware or infrastructure. Resources are allocated dynamically based on demand, allowing users to scale up or down to meet changing workload requirements. On-demand computing follows a pay-as-you-go pricing model, where users are billed based on their actual usage of computing resources. This eliminates the need for upfront capital investment in hardware or long-term contracts and provides cost transparency and predictability for organisations. Furthermore, on-demand computing leverages the internet to deliver computing resources to users anywhere in the world with an internet connection. This enables organisations to access and use computing resources from multiple geographic locations, improving accessibility, collaboration, and scalability. Lastly, on-demand computing providers often offer a wide range of managed services, including infrastructure management, security, compliance, monitoring, and support. These services help organisations offload operational tasks, reduce complexity, and focus on core business activities. Example of on-demand computing Let's say a small software development startup, "Tech Innovations Inc. ," needs computing resources to deploy and test their new application. Instead of purchasing and maintaining physical servers, they decide to use on-demand computing services from a cloud provider. Using on-demand computing, Tech Innovations Inc. can quickly provide virtual servers, storage, and networking...
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### Net foreign income
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/net-foreign-income/
Definition Net foreign income refers to the total income earned by a country's residents from foreign sources, minus the income earned by foreign residents within that country. What is net foreign income? Net foreign income is a measure of the net flow of income between a country and the rest of the world, reflecting the earnings from international trade, investment, and other economic activities. Net foreign income consists of various components, including: Exports and imports: Income earned from exporting goods and services to foreign countries and income paid for importing goods and services from foreign countries. Foreign investment: Income earned from foreign direct investment, portfolio investment, and other financial transactions with foreign organisations. Remittances: Income received from foreign workers sending money back to their home country (remittances) and income paid to foreign workers within the country. Interest, dividends, and royalties: Income earned from interest on foreign loans, dividends from foreign investments, and royalties from the use of intellectual property rights abroad. The formula for calculating net foreign income is: Net Foreign Income = Total income from foreign sources − Income earned by foreign residents Net foreign income is an important indicator of a country's economic relationship with the rest of the world. A positive net foreign income indicates that a country is earning more from its international activities than it is paying out. Conversely, a negative net foreign income suggests that a country is paying out more income to foreign organisations than it is earning. Example of net foreign income...
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### Month to date (MTD)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/month-to-date/
Definition Month to date (MTD) is a financial metric used to track and analyse the performance of a particular measure or variable from the beginning of the current month up to the present date. What is month to date? Month to date provides insight into how a certain metric has performed within the current month relative to previous months or specific targets. MTD measures the performance of a metric, such as revenue, expenses, sales, or other key performance indicators (KPIs), from the first day of the current month up to the present date. It is typically calculated on a daily basis and provides a real-time snapshot of performance throughout the month. MTD is calculated by summing up the values of the metric from the first day of the month to the current date. For example, to calculate MTD revenue, you would add up the daily revenue figures from the first day of the month to the present day. Furthermore, MTD serves as a tool for monitoring progress towards monthly goals, objectives, or budgets. It enables businesses to track their performance in real-time and take corrective actions if performance deviates from expectations. MTD can be applied to various metrics and performance indicators across different industries and sectors, making it a handy and widely used tool for performance tracking and analysis. Example of month to date ABC Corporation is tracking its sales performance for the current month, which is January. Today's date is January 15th. To calculate the month to date sales,...
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### Month over month (MoM)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/month-over-month/
Definition Month over month (MoM) is a financial metric used to compare the performance of a particular variable or indicator between two consecutive months. What is month over month? Month over month is commonly employed in business and finance to analyse trends, identify patterns, and monitor changes over time. MoM compares data from one month to the previous month and analyses can be applied to various types of data, including revenues, expenses, profits, sales volume, customer acquisition, website traffic, and other key performance indicators (KPIs). The primary measure used in MoM analysis is the percentage change between the two months. This is calculated using the formula: MoM % change = ( (Current month value − Previous month value) / Previous month value) x 100% A positive MoM percentage change indicates growth or improvement, while a negative MoM percentage change indicates a decline or deterioration. It's important to consider seasonal factors and cyclical patterns when interpreting MoM changes, as certain months may exhibit consistent seasonal variations due to factors such as holidays, weather, or industry-specific trends. Example of month over month ABC Retail Corporation analyses its monthly sales data for the first quarter of the year. They observe the following sales figures for January and February: January sales: $100,000 February sales: $120,000 To calculate the MoM percentage change in sales from January to February: MoM % change = ( (February sales - January sales) / January sales) x 100% MoM % change = ( ($120,000 - $100,000) / $100,000) x 100%...
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### Monthly recurring revenue (MRR)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/monthly-recurring-revenue/
Definition Monthly recurring revenue (MRR) is a key metric used by businesses, particularly in subscription-based models, to measure the predictable and recurring revenue generated from subscription services or products on a monthly basis.   What is monthly recurring revenue? MRR is based on the recurring billing cycle for subscription services, which is usually monthly, although it can vary depending on the subscription model. Each month, customers are billed for their subscription, resulting in a predictable stream of revenue for the business. It provides insight into the stability and growth path of a company's revenue stream, making it a valuable indicator for financial planning, performance evaluation, and investor analysis. MRR is affected by customer churn (cancellation of subscriptions) and expansion (upgrades or add-ons to existing subscriptions). Churn reduces MRR, while expansion increases MRR. Net MRR provides a more accurate measure of revenue growth. To calculate MRR you sum up the monthly subscription fees from all active customers. This includes revenue generated from both new and existing customers, excluding one-time fees, discounts, and non-recurring revenue. Monitoring MRR growth over time is crucial for assessing the health and performance of a subscription-based business. Positive MRR growth indicates increasing revenue, while negative MRR growth suggests declining revenue. Example of monthly recurring revenue ABC Software Company offers a subscription-based project management tool. They have three subscription plans: Basic, Pro, and Premium, priced at $10, $25, and $50 per month respectively. At the beginning of the month, ABC Software has the following number of active subscribers...
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### Market value
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-value/
Definition Market value, also known as fair market value, refers to the current price at which an asset, security, or goods can be bought or sold in a competitive market. What is market value? Market value represents the price that a willing buyer and a willing seller would agree upon in an open and unrestricted transaction, assuming both parties have reasonable knowledge of the asset's characteristics and current market conditions. In financial markets, market value is commonly used to assess the worth of various types of assets, including stocks, bonds, real estate properties, goods, and derivatives. It serves as a key metric for investors, analysts, and policymakers to make informed decisions regarding investment strategies, asset allocation, and risk management. Market value can fluctuate over time in response to changing market conditions, investor perceptions, and external factors. It is not static and can vary from one moment to the next. Additionally, market value allows for comparisons between different assets or investments within the same market or asset class. Investors can assess the relative attractiveness of various opportunities based on their market values. It's important to note that market value may not always accurately reflect the core value of an asset, especially in cases of market inefficiency. Example of market value ABC Corporation, a manufacturing company, is considering buying a competitor, XYZ Inc. As part of the due diligence process, ABC Corporation assesses the market value of XYZ Inc. To determine the market value of XYZ Inc. , ABC Corporation analyses various...
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### Infrastructure as a service (IaaS)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/infrastructure-as-a-service/
Definition IaaS providers offer virtualised computing resources, including virtual machines (VMs) or containers, which enable clients to run applications and workloads without managing physical hardware. What is infrastructure as a service? In an IaaS model, a third-party provider hosts and manages the hardware infrastructure, including servers, storage, networking, and virtualisation technology, while clients rent these resources on a pay-as-you-go basis. Clients can then scale computing resources up or down based on demand, allowing for flexibility and cost-efficiency. IaaS providers offer networking services, such as virtual networks, load balancers, firewalls, and VPNs, to enable connectivity between different components of the infrastructure and to the internet. Clients can configure network settings and security policies to meet their specific requirements. Furthermore, IaaS providers offer management tools and dashboards that allow clients to provision, monitor, and manage their infrastructure resources easily. Clients can deploy and configure virtual machines, manage storage, and monitor performance metrics through a centralised interface. Benefits of Infrastructure as a service include: Scalability: Clients can scale computing resources up or down quickly to accommodate changing workload demands. Flexibility: Clients have the flexibility to choose the specific computing, storage, and networking resources they need based on their unique requirements. Cost savings: IaaS eliminates the need for upfront capital expenditures on hardware infrastructure and reduces ongoing operational costs. Reliability: IaaS providers offer robust infrastructure with high availability and fault tolerance to ensure reliable service delivery. Example of infrastructure as a service ABC Corporation, a software development company, needs to host its application on...
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### Human resources (HR)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/human-resources/
Definition Human resources (HR) refers to the department within an organisation responsible for managing and coordinating all aspects related to the organisation's employees. What are human resources? HR encompasses a wide range of functions aimed at optimising the organisation's workforce to achieve its strategic objectives while ensuring compliance with employment laws and regulations. HR plays a crucial role in fostering a positive work environment, supporting employee development, and driving organisational success. HR facilitates the onboarding process for new employees, ensuring they receive the necessary training, resources, and support to integrate into the organisation effectively. This includes orientation sessions, introductions to company policies and procedures, and assistance with completing required paperwork. Furthermore, HR serves as a connection between management and employees, handling issues related to workplace conflicts, complaints, and disciplinary actions. HR professionals provide guidance, mediation, and resolution strategies to promote a harmonious work environment and maintain positive employee morale. HR manages the organisation's compensation and benefits programs, including salary structures, bonus incentives, health insurance, retirement plans, and other employee perks. HR ensures competitive and equitable compensation practices to attract and retain top talent. Lastly, HR ensures the organisation's employment practices comply with federal, state, and local labor laws and regulations. This includes overseeing adherence to anti-discrimination laws, wage and hour regulations, workplace safety standards, and employment eligibility verification requirements. Example of human resources ABC Corporation's HR department is responsible for managing the company's employees. They oversee recruitment, hiring, and onboarding processes. For instance, when a new position opens up in...
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## Compare business current account
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## Compare business credit cards
### Archa Mastercard® Business Card
- Published: 2022-02-10
- Modified: 2022-03-25
- URL: https://swoopfunding.com/ca/compare-credit-cards/archa-credit-card/
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## Podcasts & Videos
### Insider secrets to buying and selling a business
> Join Ciaran Burke (COO & Co-Founder, Swoop) and Blake Hutchison (CEO, Flippa) as they reveal expert strategies for buying and selling businesses.
- Published: 2025-01-29
- Modified: 2025-01-29
- URL: https://swoopfunding.com/ca/podcasts-videos/insider-secrets-to-buying-and-selling-a-business/
Your questions answered Are there Shariah-compliant financing options available? At this time, Swoop does not offer Shariah-compliant financing options in the United States or Canada. As we continue to expand our network of lenders and services, we recommend checking back with us in the future to explore new possibilities. Can Swoop assist with a U. S. or Canadian buyer acquiring an asset or company based in Australia? This type of cross-border transaction may be more challenging and will have to be evaluated on a case-by-case basis, as it will depend on the type of company and specifics of the deal. If the Australian seller can provide CPA-prepared financial statements and the U. S. or Canadian buyer demonstrates strong personal financial strength, we may be able to make a case. How can I perform due diligence on a business less than a year old where tax returns are unavailable? Performing financial due diligence on a newer business can be challenging due to the lack of a track record. In such cases, the purchase price should reflect the limited operational history and profitability. Focus on verifying other critical aspects, such as revenue consistency, growth potential, and market position. Is it riskier to acquire a business that’s been operating for a short time? Yes, acquiring a business with a limited history carries higher risk due to its unproven market durability and financial track record. However, you can mitigate this risk by: Evaluating the buyer’s experience in the industry and ability to add value....
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### What You Need to Know About Workplace Pensions After the Budget
- Published: 2024-11-14
- Modified: 2025-01-24
- URL: https://swoopfunding.com/ca/podcasts-videos/what-you-need-to-know-about-workplace-pensions-after-the-budget/
Watch this webinar to explore the latest budget changes affecting Workplace Pensions. We are discussing updates to auto-enrolment, employer contributions, and tax relief, and exploring how Husky can help UK companies stay compliant and save money through Salary Exchange, followed by a Q&A session
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## International Money Transfers
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## Knowledge hub
### Convertible loan note
> Have you offered a loan from an investor under a CLN agreement? Is it the right choice for your business? Here's how they work.
- Published: 2020-05-19
- Modified: 2024-05-15
- URL: https://swoopfunding.com/ca/knowledge-hub/convertible-loan-note-cln/
- Segment: Working capital finance
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### Advanced Subscription Agreement (ASA)
> An Advanced Subscription Agreement (ASA) is an equity instrument where investors 'pre-pay' for shares in a company. Find out more.
- Published: 2020-05-19
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/knowledge-hub/advanced-subscription-agreement-asa/
- Segment: Equity finance
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### Startup finance
> Looking for funding options to help your startup business grow? Find out what your options are on the Swoop Knowledge Hub.
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/startup-finance/
- Segment: Types of finance
Startup finance is a broad term that refers to any kind of finance (i. e. debt finance, equity finance or grant funding) that a startup business might need in order to launch and grow. It's sometimes used interchangeably with 'seed capital', though startup finance is usually a longer-term arrangement. Let's say you're a startup business. You've got a great idea. You might also have a team in place, a business plan, a budget and a figure for the amount of finance you need in order to meet your short-term needs and grow. You might decide you need funding for, say, three years to cover development costs and startup losses. Perhaps you'll need finance even after you've reached break-even point, especially if your business is seasonal. The good news is that there are lots of options for startup finance, spanning debt finance, grant funding and equity finance from crowdfunding or external investors. For short-term finance you might consider an overdraft (paying interest only on the amount you’re overdrawn each day), factoring (selling accounts receivable), a credit card, purchase order finance or other types of working capital finance. If you’re looking for longer-term finance then a startup loan is one option. There are a large number of lenders (bank and non-bank) who offer loans to startups or new businesses. You might find, however, that your business doesn't currently meet the lending criteria for a startup loan (or for any longer-term business loan for that matter). Or perhaps you just don't want to...
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### Debt financing
> Thinking of utilising debt financing to raise capital for your business? Find out what your options are with the Swoop Knowledge Hub.
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/debt-financing/
- Segment: Types of finance
Debt financing is a broad term that covers any type of loan that you pay back, with interest, over a set period of time. A loan can come either from a lender – see business loans – or from selling bonds to the public. If your business needs to raise money (capital) you can either borrow from a lender (i. e. debt financing) or sell a share of ownership in your business (equity financing) in return for capital. You can of course combine the two. Debt financing includes, for example, business loans, overdrafts, equipment leases, and invoice discounting, as well as fixed income products such as bonds, bills, or notes. You will find there are debt products to suit just about every business stage and situation, whether you are looking for startup finance, working capital finance or a longer-term business loan. The details vary, but in all cases your business is taking on debt – the lender gives you cash in return for regular repayments that add up to the principal amount you borrowed plus interest within an agreed time frame. The lender usually has a clear idea of how much they’ll get back. If you're an established business looking for growth finance or a buyout you might also want to consider direct lending, which is a type of private debt.
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### Grant funding
> A grant is a form of finance provided by either government or private organisations for a specific purpose. Find out more here.
- Published: 2020-03-23
- Modified: 2023-11-30
- URL: https://swoopfunding.com/ca/knowledge-hub/grant-funding/
- Segment: Grants and tax credits, Types of finance
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### Mezzanine finance
> Mezzanine financing is a fairly complex form of business loan that gives the lender the right to a share of equity in your business if you default on your loan.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/mezzanine-finance/
- Segment: Private debt
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### Private debt
> Private debt products are financed by non-bank institutions - could this be the right option for your business? Find out from the Swoop Knowledge Hub
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/private-debt/
- Segment: Private debt, Types of finance
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### Private equity
> Private equity is a type of equity financing. Private Equity funds give your business money in return for a large or controlling share in your business.
- Published: 2020-03-23
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/private-equity/
- Segment: Equity finance
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### Venture capital
- Published: 2020-03-23
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/venture-capital/
- Segment: Equity finance
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### Business angels
> Business angels are individuals who are prepared to put their own money into startup or early-stage businesses in exchange for a share of the company’s equity.
- Published: 2020-03-23
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/knowledge-hub/business-angels/
- Segment: Equity finance
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### Confidential invoice factoring
> Confidential invoice factoring works on the same principle as normal factoring. You still outsource your credit control to the factoring provider. The only difference is how the lende introduces themselves to your customers.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/confidential-invoice-factoring/
- Segment: Invoice finance
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### Spot factoring
> Spot factoring is a type of selective invoice finance, i.e. a way of borrowing money using your unpaid invoices. It’s similar to selective invoice discounting in that it allows you to finance specific invoices (or customers).
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/spot-factoring/
- Segment: Invoice finance
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### Invoice factoring
> Invoice factoring is a type of invoice finance. Factoring (like invoice discounting) is used to finance all of your invoices (i.e. your entire sales ledger).
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/invoice-factoring/
- Segment: Invoice finance
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### Invoice discounting
> Invoice discounting is arguably the simplest form of invoice finance – it’s a way of borrowing money using your unpaid invoices. Find out
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/invoice-discounting/
- Segment: Invoice finance
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### Hire purchase
> Hire purchase is a way for you to buy an asset by paying in instalments over a period of time, rather than paying upfront. Find out more here.
- Published: 2020-03-23
- Modified: 2022-11-01
- URL: https://swoopfunding.com/ca/knowledge-hub/hire-purchase/
- Segment: Asset finance
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### Supplier finance
> Supplier finance (also known as ‘supply chain finance’ or ‘reverse factoring’) is a type of business cash advance, similar to invoice finance. If your business is the seller (or supplier) then you can benefit from the higher credit scores of the buyers in your supply chain. Your buyers can also lengthen their payment terms without impacting your cash flow.
- Published: 2020-03-23
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/knowledge-hub/supplier-finance/
- Segment: Working capital finance
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### Purchase order (PO) finance
> Purchase order (PO) finance is funding advanced to a supplier (from a finance provider) secured against a confirmed purchase order. Find out more here.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/purchase-order-finance-po-finance/
- Segment: Working capital finance
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### Business overdraft
- Published: 2020-03-22
- Modified: 2024-05-28
- URL: https://swoopfunding.com/ca/knowledge-hub/business-overdraft/
- Segment: Working capital finance
Whether you need cash quickly or you're after a safety net that you can use occasionally, a business overdraft could be the answer. However, it's become more difficult to get an overdraft with the major banks. Instead, you might want to consider alternatives such as a revolving credit line, a business credit card, a business cash advance or other types of working capital finance. There are two obvious reasons you might want to use an overdraft: you might need cash quickly (i. e. you might need to access working capital buffer) or you might want a safety net to use occasionally in times of need. It has become more difficult to get traditional business overdrafts from the major banks, especially if you are a small business. But don't worry, there are lots of alternatives to business overdrafts. Here are some other types of working capital finance: short-term or medium term business loan (i. e. working capital loan) revolving credit line invoice finance (i. e. invoice factoring or invoice discounting) trade finance (if you're dealing with international buyers and suppliers) business cash advance business credit card asset refinance purchase order finance supplier finance.
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### Line of credit (non-revolving)
> You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a ‘rolling’ type of line of credit.
- Published: 2020-03-22
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/line-of-credit-non-revolving/
- Segment: Business loans
A line of credit is like a business loan that's ready to go. It's an agreement with a lender that lets you borrow on an as-needed basis and pay back when it's convenient. You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a 'rolling' type of line of credit. A non-revolving line of credit has similar features to revolving credit (or a revolving credit line). In both cases you agree a credit limit with a lender, you can use the funds for a variety of purposes, you pay interest, and you can make payments at any time, as documented in your agreement with the lender. There is one major difference: with a non-revolving line of credit the pool of available credit does not replenish after you've completed your payments. Rather, once you pay off the line of credit in full, the lender closes the account and you can't use it again. So, unlike revolving credit, a non-revolving line of credit is a static product – or a one-off financial arrangement. When you have reached your credit limit, you cannot borrow more. Both revolving credit and non-revolving credit lines come in unsecured and secured versions.
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### Revolving credit facility (line of credit)
> A revolving credit facility is a type of working capital finance that enables you to withdraw money when you need it to fund your business.
- Published: 2020-03-22
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/revolving-credit-line-facility/
- Segment: Working capital finance
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### Asset refinance
> Asset refinancing is a way to unlock cash from items your business already owns. You can secure a loan with e.g. commercial property, equipment or vehicles.
- Published: 2020-03-22
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/knowledge-hub/asset-refinance/
- Segment: Business loans
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### Startup loan
> Like any other business loan, a startup loan is a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate.
- Published: 2020-03-22
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/startup-loan/
- Segment: Business loans
A startup loan is a business loan designed to help new businesses launch and grow. It is one type of startup finance. Like any other business loan, it's a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate. There are many different lenders offering startup loans, each with their own lending criteria, application processes and terms. Let's say you're a startup business. You've got a great idea. You might also have a team in place, a business plan, a budget and a figure for the amount of finance you need in order to meet your short-term needs and grow. You might decide you need funding for, say, three years to cover development costs and startup losses. Perhaps you'll need finance even after you've reached break-even point, especially if your business is seasonal. The good news is that there are lots of options for startup finance, spanning debt finance, grant funding and equity finance from crowdfunding or external investors.   For short-term finance you might consider an overdraft (paying interest only on the amount you’re overdrawn each day), factoring (selling accounts receivable), a credit card or other types of working capital finance. If you’re looking for longer-term finance then a startup loan is one option. There are a large number of lenders (bank and non-bank) that offer loans to startups or new businesses.   Here are some typical characteristics of the kind of startup loans currently on offer: loans from $500 to $25,000...
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### Peer-to-peer (P2P) lending
> Peer-to-peer lending (P2P) is a type of business loan provided by a large number of private investors to your business, usually through an online platform.
- Published: 2020-03-22
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/peer-to-peer-lending/
- Segment: Business loans
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## Surveys
### Swoop State of Business Survey 2024
> There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it. Read more here.
- Published: 2024-12-20
- Modified: 2024-12-20
- URL: https://swoopfunding.com/ca/surveys/swoop-state-of-business-survey-2024/
There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it Each year, we survey our SMB customers to find out what matters to them, how they feel about the current and future state of business in North America and where they see the next year going. The report highlights the following: Generally more optimism than RoW results last year Managing cash flow is a big challenge for business owners Traditional banks are being edged out by family/ friends and online lenders Broadly, this snapshot of SMBs in North America suggests a very positive attitude, though there are still opportunities for business owners to be better informed. Download the Swoop 2024 State of Business Survey here
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## Sectors
### Self-employed loans with no proof of income
> Self-employed workers & sole traders often require business financing and are usually asked for proof of income. Learn more here.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed-loans-with-no-proof-of-income/
- Business sectors: Sector guides
Guide to self-employed loans with no proof of income Self-employed workers and sole traders often require business financing. Get a quote To secure this type of borrowing, they will usually be asked for proof of income. But what do you do when you can’t show evidence of the money you make? Read on to learn more about loans for self-employed with no proof of income - and how to can get them. Don’t let a lack of paperwork slow your business down. What is proof of income? Proof of income is verifiable documentation that shows how much you have earned (or will earn) over a given period of time. Typically, you’re being asked for proof of a steady source of income. For the self-employed – sole traders, freelancers, and gig workers – providing such evidence means showing tax returns, trading accounts prepared by your accountant, work contracts, and recent bank statements to whoever is asking for this information – usually lenders, landlords, and leasing companies. Get a quote Why do lenders ask for proof of income? Lenders must be certain that you have enough income to support the repayment schedule of the loan you are applying for. If you can’t show steady and predictable income, it may make it more difficult for you to borrow money. It can also negatively impact other financial agreements, such as renting business premises, leasing vehicles or equipment, even securing accounts with utility companies for the supply of energy and water. Top tip: Lenders will...
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### Self-employed loans with bad credit
> There are almost three million self-employed workers in Canada, and many of them will need extra funding to support their business. Read more here.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed-loans-with-bad-credit/
- Business sectors: Sector guides
Guide to self-employed loans with bad credit There are almost three million self-employed workers in Canada, and many of them will require extra funding to support their business at some point in time. Get a quote Unfortunately, due to erratic income, the self-employed often have bad credit, which makes it more difficult for them to borrow. So what can these entrepreneurs do? Read on to discover everything you need to know about loans for self-employed with bad credit, and how to secure the funds you need. What is bad credit? The term ‘bad credit’ refers to a person's history of not paying bills or loan repayments on time and the increased likelihood that they will fail to make timely payments in the future. In practice, bad credit really means a poor credit score – the calculation that lenders use to determine the default risk of any borrower. Most Canadian self-employed workers are sole traders, freelancers, and gig workers. When they want to borrow money, lenders will typically check their personal credit score, (although some sole traders may also have a business credit score which is different from a personal credit rating). If your score is too low – defined as having ‘bad credit’ – it can be more difficult to borrow money, especially at competitive interest rates. Get a quote How does bad credit work for the self-employed? In Canada, most credit scores are provided by big credit rating agencies. They hold credit records on most of the adult population...
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### Inventory financing
> Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get started.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/inventory-financing/
- Business sectors: Business loans
Inventory financing Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get a quote 90% of SMEs face a cash crunch at least once a year – and paying for inventory that takes too long to sell is a prime cause of this liquidity issue. Put simply, buying inventory now, then waiting months to get your cash back is a financial back hole that too many Canadian small and medium-sized businesses fall into. But it doesn’t have to be like that. Read on to find out more. What is inventory finance? Inventory finance, (also known as warehouse finance) is the term for a short-term business loan or revolving line of credit that is used to buy inventory – finished goods, components, raw materials – which are typically warehoused by the buyer before selling them to their customers. The purchased goods and materials act as security for the lending. Inventory finance is an important tool to support cash flow, as it can iron out the imbalance in income and expenditure caused by paying for goods or materials before their costs can be recouped from customers. Inventory finance may also enable growth, as it can allow businesses to hold more stock and attract more sales, than if they had to pay for stock upfront with cash. Businesses choose inventory financing to:Cover short-term cash shortagesPrepare and stockpile inventory for the busy seasonBuy in bulk to secure bigger discountsExpand product...
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### Self-employed
> There are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Learn all here.
- Published: 2023-04-04
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed/
- Business sectors: Business loans
Self-employed business loans Candlestick makers, dressmakers, bakers, video game makers - the self-employed and sole traders are some of the nation’s most entrepreneurial workers. Apply now However, like most businesses, there are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Read on the find out all you need to know about business loans for the self-employed. What loans are available for the self-employed? Just because you’re self-employed, it doesn’t mean you can’t get a business loan. Lenders may require more paperwork from sole traders and the self-employed than they would from fully employed borrowers or larger companies, but there are still finance options for those who work for themselves:Unsecured loan: Similar to a personal loan. It does not require you to provide security (collateral) to the lender. Unsecured loans are primarily based on your credit history and personal income instead of your business’ performance. A good credit score is typically required to obtain an unsecured loan, and the sum you can borrow may be less than you may secure with other finance options. Small business loan: Works like a regular bank loan and is issued for business purposes. The lender will usually check your personal and business credit score as part of the due diligence process. Your business records will also be reviewed to assure the lender that your business generates enough income to cover the repayments. Secured loan: You provide collateral to protect the...
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### Convenience stores
> Convenience store financing is funding to help start, buy, expand or operate a convenience store, available with minimum fuss. Read more here.
- Published: 2023-02-16
- Modified: 2024-12-26
- URL: https://swoopfunding.com/ca/sectors/convenience-stores/
- Business sectors: Business loans
Convenience store finance and loans By definition, convenience stores are designed to make our lives easier. So we've made getting funding for them easier. Get a quote No matter if they’re a traditional corner shop, part of a glossy national chain, or big enough to be a mini-supermarket, convenience stores are the places we go when we need something in a hurry. Convenience store financing is much the same thing – funds to help start, buy, expand or operate a convenience store, available with minimum fuss, and often at short notice. Read on the find out all you need to know about convenience store finance and loans. What is convenience store financing? There are almost 9,500 convenience stores in Canada and they come in all shapes and sizes – from small family-run corner shops to large-scale franchise operations and thousands of petrol station stores. Convenience store financing includes commercial loans, mortgages, and other financial products created to suit the unique nuances of the convenience store industry. Borrowed funds may be used for a variety of purposes:Start a new storeBuy an existing storeExpand and develop an existing storeShore up working capitalBuy into a convenience store franchise chain Get a quote How do these loans work? Convenience store loans are provided by lenders who service the unique financial demands of the industry. Loans may be offered unsecured, or security in the form of a lien against property or other types of hard asset may be required. Experience in the convenience store industry...
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### Food trucks
> Finding funding for your food truck is key to success. Read more to find out all about food truck finance and how it can keep your business going.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/food-trucks/
- Business sectors: Business loans
Business loans for a food truck Think of street food and you think of delicious dishes served for immediate consumption with just the sky above your head. Get a quote Fast-food served outdoors is big business in Canada and king of the street food industry is the food truck – a mobile kitchen selling everything from fish and chips, to BBQ, tacos, wraps, rice bowls, curries, smoothies and empanadas. Growing at a meteoric pace, the Canadian street food industry is worth more than $290million per year, a statistic that is drawing more entrepreneurs to this niche area of hospitality. However, launching a food truck can be expensive and even well-established operators can suffer from seasonal low points or when the weather turns to rain or snow. Securing adequate funding for your food truck is therefore key to long-term success. Read on to find out more about food truck finance and how it can keep your mobile fast-food business firmly on the road. Why are mobile food trucks becoming popular business choices? Food trucks are a common sight in many US cities, but until recently, they were a rarity in Canada, with menus limited to basic foods such as hamburgers, ice creams, and hot dogs. However, an explosion in take-away food before, during and after the COVID-19 pandemic has seen a boom in food trucks on Canadian streets and now they offer food from every corner of the globe. Popular with sports fans, events and concert goers, as well as office...
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### Restaurant loans
> Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Read all about the available options and apply here.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/restaurant-loans/
- Business sectors: Business loans
Loans to open a restaurant Despite the pandemic and a series of economic shocks, the Canadian hospitality industry still goes from strength to strength. Get a quote With the Canadian restaurant trade expected to expand and deliver billions in gross turnover, it’s a good time to own or launch a place to eat. Best of all, restauranteurs seeking finance to buy, build, expand, or refurbish restaurants, or cover their everyday expenses are now spoilt for choice. Read on to discover everything you need to know about this feast of loans for restaurants. What restaurant business loans are available? There are restaurant business loans to furnish almost every need:Buy, build, refurbish, or expand a restaurant. Join a restaurant franchise. Secure working capital to pay day to day expenses. Start a new restaurant. Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Many of these loans require no additional security. Even if you’ve been turned down elsewhere, or you have bad credit, it may be possible to obtain the funds your hospitality business needs. Get a quote The different types of restaurant business loans explained Restaurant loans to spur growthLoans to buy or build a restaurant:Commercial mortgages may be used to buy an existing restaurant, buy a property and convert it into a restaurant, or build a new eatery from the ground up. Borrow up to 90% of LTV (loan to value, a comparison of the size of the loan to the value of the property),...
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### Car garage
> Don’t put your purchase or expansion plans on hold because of cash flow issues. Use a car garage mortgage to fuel your growth. Read all about it here.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/car-garage/
- Business sectors: Business loans
Car garage commercial mortgages With more than 26 million vehicles registered in Canada at the end of 2022, and the growth of electric vehicles driving a new motoring boom, it’s a good time to be in the automotive industry. Get a quote As sales and vehicle service needs grow to reflect the surge in motorcycles, cars, vans, and trucks on Canadian roads, so established and startup automotive businesses need more and bigger premises. However, buying, expanding or refurbishing showrooms, garages and filling stations is not cheap, and no matter if they’re big, small, new or old, most automotive businesses will need to finance their transaction. This is where commercial mortgages for car garages come in. Don’t put your purchase or expansion plans on hold because of cashflow issues – use a car garage mortgage to fuel your growth ambitions and get your business on the road. What is a car garage mortgage? Car garage mortgages are commercial property loans used to buy existing car garages, petrol stations, MOT and car repair centres, tyre shops, or new and used car showrooms. They may also be used to pay for the construction of new automotive trade and retail properties and to purchase or build properties that sell commercial vehicles or provide maintenance services for vans, trucks and other forms of haulage transport. Commercial mortgages may be secured to cover up to 90% of the LTV, (loan to value – a comparison of the size of the loan to the value of the...
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### Vineyard finance
> From commercial mortgages to working capital finance, vineyard loans are available to solve every grower’s need. Read all about the funding options here.
- Published: 2023-01-11
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/vineyard-finance/
- Business sectors: Business loans
Vineyard finance Through bad times and good times, there’s one thing you can be sure of – Canada still loves a glass of wine. Get a quote Despite significant drops in production and consumption in the first year of the pandemic, Canadian wine sales are now forecast to grow every year. However, even as sales rise, costs are rising too, leaving many Canadian wine growers struggling to modernise their facilities, expand their area under vines, and pay ballooning overhead. Fortunately, this is where vineyard finance can come to the rescue: From commercial mortgages to startup loans and working capital finance, vineyard loans are available to solve every grower’s need. Don’t let financial issues sour your winemaking ambitions. Read on to find the best loan for your vineyard. What types of loan are available for vineyards No matter if you’re seeking to expand production, pay taxes, start a vineyard, or buy property, there’s a vineyard loan for you. Get a quote Commercial land mortgageWine growing is a land intensive business, but in Canada, even agricultural land can be expensive. This means wine growers who wish to buy an existing vineyard or buy raw land to plant new vines will typically need finance for the transaction. Unlike residential home loans, where one size often fits all, commercial mortgages are tailored to the unique demands and business of the borrower. Borrow up to 90% of the LTV (loan to value – a comparison of the size of the loan against the value of...
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### Brewery finance
> From commercial mortgages to startup loans and much more, brewery loans are available to solve every brewer’s need. Learn more or apply here.
- Published: 2023-01-11
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/brewery-finance/
- Business sectors: Business loans
Brewery finance Through bad times and good times, there’s one thing you can be sure of – Canada still loves a glass of beer. Get a quote Despite significant drops in production and consumption in the first year of the pandemic, Canadian beer sales rebounded strongly in 2021 and are forecast to grow every year. However, even as sales rise, costs are rising too, leaving many Canadian brewers struggling to modernise their facilities, expand product lines, and pay ballooning overhead. Fortunately, this is where brewery finance can come to the rescue: From commercial mortgages to startup loans and working capital finance, brewery loans are available to solve every brewer’s need. Don’t let your beermaking ambitions fall flat. Read on to find the best loan for your brewery. What types of finance are available for breweries? No matter if you’re seeking to expand production, pay taxes, start a brewery, or buy property, there’s a brewery loan for you. Get a quote Equipment financeMaking a tasty pint of beer doesn’t come cheap. Brewery equipment can be expensive and to keep on top of expanding consumer tastes, brewers must continually modernise to stay ahead of the competition. Asset finance can take the sting out of buying big-ticket plant and machinery. Buy over time and use the equipment as you pay for the equipment. The asset acts as security for the loan. In many cases, there is no need to provide extra collateral. Commercial mortgagesBrewers who wish to buy an existing brewery or build...
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### Cow & livestock finance
> Canadian cow and livestock finance is a loan that farmers can use to pay for the supplies they need to raise live animals, particularly beef and dairy herds.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/cow-livestock-finance/
- Business sectors: Business loans
Cow & livestock finance Livestock farming is big business in Canada - with 46,000 live stock farms working to provide meat and dairy throughout the country. Get a quote However, with big business come big expenses, and in an industry where margins are notoriously tight and seasonal cash flow problems persist, spending large sums on herd replenishment, feed, and veterinary bills can stretch farms to the limit. Fortunately, this is where cow and livestock finance can help – fast, affordable loans to meet working capital needs, or pay for large-scale investments such as milking sheds, feed processors, and vehicles. Read on to discover more about this agricultural funding and to find the best livestock finance for your farm. What is livestock finance? Cow and livestock finance are loans that farmers can use to pay for the important tools and products they need to raise and process live animals, particularly beef and dairy herds. The funding can pay for short-term costs, such as buying cattle, sheep, pigs and chickens, and paying for feed and medical services, or it can pay for investment costs such as plant, machinery and shelters. Depending on the type of loan and the purpose for which it is used, livestock loans may be short-term, paid back in 1 – 7 years, or long-term, with repayment plans over 1 – 25 years. Some loans require no security (collateral), while some may require a charge over land, buildings, or other capital assets. Get a quote When to consider livestock...
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### Guest house finance
> This funding can be used to refinance a guest house loan, renovate your building, buy/build a new guest house, or cover seasonal quiet spots. Read more.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/guest-house-finance/
- Business sectors: Business loans
Guest house finance Just like hotels and B&Bs, Canadian guest houses are booming as the world recovers from the pandemic. Smaller than most hotels, but larger than your average B&B, guest houses fill an important niche in the hospitality industry. Get a quote With more than 2. 3 million overseas visitors in the third quarter of 2023, plus domestic trade that is almost back to pre-pandemic figures, now is a good time to be a guest house owner. However, to buy, start, and run a successful guest house, owners and entrepreneurs will typically need additional funding. Read on to find out more and to discover what you need to secure the best finance for your guest house business. Business loans and mortgages for buying a guest house Guest house finance comes in many shapes and sizes. This funding can be used to refinance a current guest house loan, renovate your building, acquire or build a new guest house, or cover seasonal quiet spots that create a cashflow squeeze. Guest house finance is tailored to fit the unique financial circumstances of the hospitality industry, and in many cases, the property or acquired assets work as security and there is no need to provide additional collateral. This means guest house owners and companies that have weak credit or have been previously turned down for funding may still be able to obtain the financing their business needs to grow. Get a quote Which type of finance is best for my guest house? Match...
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### Crop finance
> Crop finance are loans that farmers can use to pay for the important tools they need to farm their arable land. Find funding here and get started.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/crop-finance/
- Business sectors: Business loans
Crop finance Farming is big business in the UK - agriculture contributed around 7% to the economy, employed over half a million people, and provided half the food we ate in 2021. Get a quote However, big business also means big expenses, and in an industry where margins are notoriously tight and seasonal cash flow problems persist, spending large sums on seed, pesticides, and crop storage can stretch farms to the limit. Fortunately, this is where crop finance can help – fast, affordable loans to meet working capital needs, or pay for large-scale investments such as grain silos and processors. Read on to discover more about this agricultural funding and to find the best crop finance for your farm. What is crop finance? Crop finance are loans that farmers can use to pay for the important tools and products they need to farm their arable land. The funding can pay for short-term costs, such as buying seed, pesticide and diesel fuel, or it can pay for investment costs such as plant, machinery and crop storage facilities. Depending on the type of loan and the purpose for which it is used, crop loans may be short-term, paid back in 1 – 7 years, or long-term, with repayment plans over 1 – 25 years. Some loans require no security (collateral), while some may require a charge over land, buildings, or other capital assets. Get a quote How does crop finance help generate revenue? A cashflow squeeze can hamper a farmer’s ability to...
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### Bus and coach finance
> As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. Read more and apply here.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/bus-and-coach-finance/
- Business sectors: Business loans
Bus and coach finance As the post-COVID-19 recovery gathers pace, Canada’s road passenger transport network is roaring back to life. Get a quote As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. No matter if you need one vehicle, or a whole fleet of buses and coaches, financing your acquisition(s) makes best business sense. Read on to find out more about bus and coach finance and how it can put you in the driving seat. Finance products we support for the bus and coach industry Instead of putting strain on cashflow and tying up hard-won capital in your vehicles, spread the cost over time. Get a quote Bus financeWhether you need new buses to manage city operations, a rural network, charter hire, or shuttle runs, financing your operations with one of our borrowing options is the best way to go. Buy to keep, rent with an option to buy, or simply rent and return. Whichever route is best for your bus business, we have the right loan for you. Coach financeNever ending disruptions to Canada’s rail network reveal how important coach operators are to keep the nation on the move. Whether you’re replacing older vehicles or expanding to meet demand, financing your operations with one of our borrowing options is the best way to go. Buy to keep, rent with an option to buy, or simply rent and return. Whichever route is best for your coach business, we have the right loan...
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### Business loans for bed and breakfasts
> B&B funding can be used to refinance a current loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, ad much more. Learn more.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/business-loans-for-bed-and-breakfasts/
- Business sectors: Business loans
Business loans for bed and breakfasts There are loads of registered Bed and Breakfast businesses in Canada and, since the arrival of global hospitality giant Airbnb in 2009, traveler interest in Canada’s small and privately-run visitor accommodation has seen exponential growth. Get a quote This means it’s a good time to own a B&B. However, to buy, start, and run a successful B&B, owners and entrepreneurs will typically need additional funding. Read on to find out more and to discover what you need to secure the best business loan for your bed and breakfast. What business loans are available for B&Bs Business loans for bed and breakfasts come in a variety of shapes and sizes. They can be used to refinance a current B&B loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, or cover seasonal quiet spots that create a cashflow squeeze. These loans are often tailored to fit the unique financial circumstances of the hospitality industry. In many cases, the property or acquired assets work as security and there is no need to provide additional collateral. This means B&B owners and companies that have weak credit or have been previously turned down for funding may still be able to obtain the financing their business needs to grow. Get a quote Common types of B&B funding:Commercial mortgage: These are long-term loans that you use to buy an existing B&B or to build a new one. Borrow up to 90% of the purchase price, with...
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### Hotel funding
> Hotel owners seeking this type of financing may find themselves searching and making applications to lender after lender. Read how to improve chances here.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/hotel-funding/
- Business sectors: Business loans
Hotel funding There are almost 7,000 hotels in Canada, and they generated revenues of more than $18billion in 2022. Get a quote Even with the pandemic, the industry has managed average growth every year since 2017 and forecasts for the future reveal this trend is not a blip. However, with success comes rising expectations. Customers want increasing value for their money, which puts hotels in fierce competition to expand, renew and innovate to catch their share of a growing market. Unfortunately, such strategies don’t come cheap. Buying hotels, building new, or engaging in extensive refurbishments is expensive, and in an industry where margins are under constant pressure, paying for long-term investment with short-term working capital can be an issue. Fortunately, there’s a solution to this dilemma: Hotel owners can stay ahead of their competitors without putting strain on cashflow by using hotel loans and mortgages to pay for upgrades, acquire new properties, or cover seasonal low points. Read on to discover more about these types of funding and how to put your hotel’s financial problems comfortably to bed. What is hotel funding? Hotel funding comes in a variety of shapes and sizes, and it can be used to refinance a current hotel loan, renovate your hotel building, acquire an existing hotel, build a new hotel, or cover seasonal quiet spots that create a cashflow squeeze. These loans are often tailored to fit the unique financial circumstances of the hotel industry, and in many cases, the property or acquired assets work...
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### Haulage finance and HGV loans
> Haulage and HGV loans are available to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/haulage-finance-and-hgv-loans/
- Business sectors: Business loans
Haulage finance and HGV loans Moving stuff from A to B is big business. In 2023, the Canadian road freight market is said to be worth more than $27. 7billion. Get a quote Transporting everything from car parts and canned peas to soft drinks and summer shoes, the 324,200 truckers and the firms they drive for are the lifeblood of our economy. However, booming as business may be, many haulage businesses still struggle to pay the bills. A difficult mix of slow paying customers, expensive vehicles, rising energy costs, and increasing regulations is creating a cashflow crisis with firms of every size. Fortunately, haulage finance and HGV loans are available to ease the economic pain. Use them to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank. Read on to find out more about affordable haulage finance and HGV loans, and how they can put you and your haulage business firmly in the driving seat. Quick and straightforward haulage loans and funding Canadian road hauliers operate in an industry where time is money. Waiting for cashflow to improve so you can buy urgently needed parts and equipment or purchase the new vehicles you need is not an option. Waiting means losing out, which is why financing these kinds of needs immediately makes sound business sense. Buy what you need now, pay back over time, keep the pipeline moving. There are many types of haulage finance and HGV loans, and they may...
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### Care home finance
> Even in a period of rising interest rates, financing your care home acquisition or expansion can be the best decision. Read more on why to finance here.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/care-home-finance/
- Business sectors: Business loans
Care home finance Like most advanced economies, Canada has an ageing population, with more than 7 million people beyond the age of 65, and near 1 million over 85. Get a quote As people get older, they need more assistance to carry out basic activities, and many require the kind of full-time attention that only a care home can provide. This potent mix of ageing citizens and booming demand has seen the Canadian care home industry mushroom, with revenues reaching $11billion in 2021. Clearly, buying a care home or expanding an existing care facility can make good financial sense. However, instead of using cash, care home finance and mortgages are the best way to fund business growth. Read on to find out more and discover how to fund your care home without piling strain on cashflow. What is a care home mortgage? A care home mortgage is a commercial mortgage used to buy, develop, or refinance a care home. This may mean buying an existing care home, starting from scratch with a new property, expanding an existing facility, or extracting equity for liquid cash. Care home mortgages function like residential mortgages, where a lender provides a percentage of the purchase price based on LTV (loan-to-value, a comparison of the size of the loan to the value of the property), and the borrower repays the loan in instalments, as either capital + interest, or interest only and a lump sum capital repayment at the end of the loan term – which...
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### Buy a care home
> Buyers seeking a care home will typically fund the acquisition with a commercial mortgage. This is a loan used to buy, develop, or refinance a care home.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/buy-a-care-home/
- Business sectors: Business loans
Funding to buy a care home The Canadian care home industry is big business. An ageing population means millions of people are needing assistance to carry out basic activities, often with the kind of full-time attention that only a care home can provide. Get a quote This is creating a booming demand for care facilities and has seen the Canadian care home industry mushroom, with revenues reaching $11billion in 2021. Buying a care home or expanding an existing care facility can make good financial sense, and many buyers will seek a care home mortgage to fund their purchase. However, buying a care home is not as simple as buying a house. Different rules apply. Buyers must conform to a raft of regulations and lenders will carefully scrutinise the business side of the transaction as well as the property. Success depends on ticking all the boxes. Read on to find out more about buying a care home with a mortgage, and how to ensure your purchase is five stars all the way. What funding is required to buy a care home? Buyers seeking to purchase a care home will typically fund the acquisition with a commercial mortgage. This is a business loan used to buy, develop, or refinance a care home – which can mean buying an existing care home, starting from scratch with a new property, expanding an existing facility, or even extracting equity for liquid cash. Care home mortgages function like residential mortgages, where a lender provides a percentage...
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### Farm equipment financing
> In Canada we rely on farms to provide half the food we eat. To keep our shops full, farmers must squeeze maximum production from every acre that they manage.
- Published: 2022-12-02
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/farm-equipment-financing/
- Business sectors: Business loans
Farm equipment financing In Canada we rely on farms to provide half the food we eat. To keep our shopping baskets full, farmers must squeeze maximum production from every acre that they manage. Get a quote Automation is the best answer to this challenge, but agricultural machines, technology and plant are not cheap. How can Canadian farms obtain the equipment they need to grow when margins are shrinking, and farm finances are under heavy pressure? Step forward Farm Equipment Financing - special plant and machinery loans to help Canadian farmers buy the equipment they need without increasing strain on cashflow. Read on to discover more about Farm Equipment Financing and how it puts farmers in the driving seat. Equipment finance: the catalyst for growth Ever since the first steam traction engines arrived on farms in the 1850’s, mechanical invention has expanded farm productivity, with more output per acre year on year. Modern Canadian farms are now unrecognisable from the farms of 100 years ago. They’re bigger, more productive, and grow a greater diversity of crops and animals. Mechanisation is behind this expansion and it’s the reason why today’s farms produce more than $134. 9billion in products and services every year. Unfortunately, the need for continual growth impacts farm finances. Despite record food demand, many Canadian farmers are receiving less for their production as margins continue to dwindle. Buying the necessary farm machinery, plant, and technology to stay competitive is essential, but further strain on cashflow must be avoided. This is...
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### Nursery funding
> Setting up a nursery can be financially rewarding for those who prepare thoroughly and follow a solid plan. Secure your funding with Swoop today.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/nursery-funding/
- Business sectors: Business loans
Nursery funding Like all educational organisations, day nurseries suffered badly during the COVID-19 pandemic. Get a quote However, since the re-opening of the economy, demand for childcare places has ballooned to all-time highs. Furthermore, with 69% of Canadian mothers stating that reliable childcare is their avenue back to work, and 40% saying that good quality nurseries are the key, it’s clear the current boom is not a fleeting blip, it’s a long-term trend. Why start a nursery? All in all, there’s never been a better time to start a new childcare nursery. However, securing premises, hiring staff, meeting regulatory demands and establishing your nursery brand all cost money. Without sufficient funding, your big idea may remain nothing more than a dream. But not to worry. Specialised finance to start and support day nurseries is available. No matter if you wish to buy a business or a building, or just cover daily overhead, there’s a nursery loan to suit your needs. Read on to find out more about nursery funding and how it can make child’s play of setting up your childcare centre. Get a quote Setting up a nursery Setting up a nursery can be emotionally and financially rewarding for those who prepare thoroughly and follow a solid plan. Follow these key steps to get your nursery venture off the ground:Research the qualifications you may need – and if you don’t have them, what are the steps to secure them? Establish what kind of day nursery you intend to operate...
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### Dental practice loans
> Dental practices are dynamic businesses, selling products and services that are in high demand. With well established practices providing solid profit margins.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/dental-practice-loans/
- Business sectors: Business loans
Buy a dental practice After more than two years of pandemic lockdowns and restrictions, large numbers of the Canadian population are seeking medical treatments to get them back to health. Get a quote As a result, dental practices have been inundated and are struggling to meet demand. However, busy surgeries mean good business and dental practices are booming, with profits and salaries climbing year on year. This means buying a dental practice can make good economic sense, although for many buyers, the upfront costs may put a purchase out of reach. But not to worry. Dental practice finance can take the pain out of the transaction. Read on to find out how commercial mortgages, business loans and working capital finance can bridge the gap to help you buy the dental practice you need. How to buy a dental practice Dental practices are dynamic businesses, selling products and services that are in high demand. Well established practices can provide solid profit margins and good income for their owners - principal dentists in Canadian practices could have an average personal income of up to $127,538. Buying a practice would be a logical step for an Associate Dentist wishing to take the next big step in their career, or seasoned dentists wishing to expand their current dental business. However, buying a practice that may rely heavily on fees, strong patient retention rates, high maintenance and staffing costs, and a requirement to constantly modernise and stay ahead of new procedures, is not a simple...
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### Agricultural mortgage
> Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/agricultural-mortgage/
- Business sectors: Business loans
Agricultural mortgages There are over 189,000 farms in Canada, and in 2021, the average farm had a turnover of more than $479,000 per year. Get a quote Clearly, farming is big business, which means those who wish to buy a farm should use a business loan. Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry. More flexible than many other types of property loan, they can open the door to ownership for the first-time farmer or plough the way for experienced professionals seeking to expand their farming footprint. What is an agricultural mortgage? An agricultural mortgage (sometimes called a farm mortgage) is a long-term loan used to buy rural real estate or to release equity from a farm property. Agricultural loans are similar to standard commercial mortgages except they are tailored to fit the unique economics of the agricultural industry. Get a quote How do agricultural mortgages work? Agricultural mortgages are usually paid back over 1 – 25 years and they may be capital + interest loans (you pay interest and some of the borrowed capital back each month), or interest-only loans (you only pay interest each month and then make a lump sum repayment at the end of the term). Mortgages of up to 90% of LTV (loan to value – the size of the loan in comparison to the value of the property) may be possible, depending on the status of the borrower. The lender will take...
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### Agricultural loans
> Many farms are land rich and cash poor, with income that is volatile.as a result of seasonal patterns. Fortunately, there are loans available to support this.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/agricultural-loans/
- Business sectors: Business loans
Agriculture loans There are more than 189,000 farms in the Canada and in 2021, they generated $15. 9billion. Get a quote Clearly, farming is big business, but unfortunately, it’s also very seasonal. Many farms suffer from erratic cash flow caused by patchy income and volatility in the prices they pay for supplies and the prices they achieve for their products. This can leave many farms struggling to expand, unable to cover supply costs, and late to pay mandatory obligations, such as VAT. Specialised agricultural finance has grown to plug these gaps – providing tailored long-term loans to buy land and expand production, VAT loans to keep the taxman happy, and working capital finance to meet the daily needs. Read on for an overview of agricultural loans and how they can help you grow your farm into a high-performing business. Supporting the agricultural sector to find the funding they need Many farms are land rich and cash poor, with income that is volatile. Their erratic cashflow may be the result of seasonal patterns, or it could be caused by slow payment by large wholesale buyers. Either way, lack of working capital, or investment funds to expand, puts a brake on profitability and can cause permanent harm to the business. Farmers often need funding to buy more land, build infrastructure, pay for supplies, such as seed or cattle, and invest in new machinery. Fortunately, as diverse as farmer funding needs may be, there are just as many loans available, and they can...
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### Petrol station finance
> Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Learn how to get funding to buy or expand your station here.
- Published: 2022-11-24
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/petrol-station-finance/
- Business sectors: Business loans
Loans to buy a petrol station Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Get a quote From motorists buying fuel and travelers wanting snacks, to last-minute shoppers needing an essential item or early birds chasing their daily newspaper, petrol stations can generate a constant stream of customers. This means buying a petrol station can be a solid business opportunity, however, petrol stations don’t come cheap. Whether you buy a franchise operation, or an independent station, the cost can be high – for example, a BP franchise will typically require a total investment of $2million by the time the franchise fee, startup costs and shop build-out are factored in. Few people will have the cash required to buy a Canadian petrol station, however, there are a range of loans available to fund the purchase and upfront costs. Read on to find out more about petrol station loans and how to get your next big business concept firmly on the road. What types of loan are available to buy a petrol station? Petrol station loans fall into two main categories:Commercial mortgages or franchise finance to fund a purchase and/or redevelopment costsCommercial mortgages function like a regular residential mortgage. The lender provides part of the cost to buy the petrol station, and they take a legal charge over the property as security. You pay back the loan over 20 – 30 years. This type of loan may also cover some of the initial build-out costs,...
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### Pub finance
> Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Read more and apply today.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/pub-finance/
- Business sectors: Business loans
Pub finance Canada is a mecca for pubs. With almost 3,900 establishments selling a diverse array of food and drink, the sector generated almost $2. 2billion in sales in 2022. Get a quote This figure is down on pre-pandemic levels, and with new and rising costs to cope with, the Canadian pub industry still needs financial support. Pub financing offers a choice of loans to fill the gaps in cashflow, pay for renovations, and bring pubs back to life. Instead of calling time at your local, pub loans can make your pub a hospitality powerhouse. What types of pub finance are available? Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Some pub loans can place a lump sum into your bank account within a matter of hours and repayment terms can range from one year or less for a cashflow loan, to many years for a commercial mortgage. Interest rates will vary according to the type of loan, the repayment terms, and the status of the borrower. Let’s look at the different types of financing available for your pub: Cashflow funding The hospitality trade can be very seasonal. Sales may rise and fall throughout the year. Cashflow loans can help pubs through the quiet times and are popular type of finance. Cashflow (working capital) loans for pubs include:Merchant cash advance: Pubs borrow against their customer card receipts. The loan is repaid as a percentage of monthly...
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### Shopify loans
> Shopify loans provide financial support for Shopify member businesses with two short-term loan products: Shopify capital loans, & Shopify merchant cash advances
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/shopify-loans/
- Business sectors: Business loans
Shopify loans E-commerce is a big business in Canada. In 2021, online traders generated $58billion in revenue. Get a quote One of the largest online platforms is Shopify, an e-commerce provider that hosts online stores for more than 150,000 UK manufacturers, retailers, artists, and charities. As e-commerce continues to expand, online businesses must naturally get bigger, but this can pose a problem for Shopify merchants who lack the funds to fuel growth. Fortunately, there’s a solution – e-commerce loans can give traders the cash they need to cover costs and expand their sales footprint. Read on to find out more about e-commerce loans from Shopify and a host of other lenders. What is a Shopify loan? Shopify loans provide financial support for Shopify member businesses. The platform offers two short-term loan products: Shopify capital loans, and Shopify merchant cash advances. US businesses may choose from either product, but for UK businesses, merchant cash advances are the only option. Note that Shopify merchants cannot apply for a capital loan or a merchant cash advance unless they receive an invitation from Shopify to do so. Let’s look at the way Shopify loans work: Get a quote Shopify loan structure Shopify determines available credit, fees, and interest rates on a case-by-case basis. The borrowed sum, fees, interest rate, and daily repayment rate are governed by the scale of merchant’s sales on Shopify and their risk profile. Generally speaking, the higher their sales on Shopify are, and the lower their risk profile is, the...
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### Construction loans and finance
> Canadian construction finance for a new build or redevelopment of an existing property to sell for a profit, use for your own needs, or rent out for income.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/construction-loans-and-finance/
- Business sectors: Business loans
Construction loans and finance Constructing a new building or re-developing an existing property to sell for a profit, use for your own needs, or rent out for income, can be a successful financial strategy. Get a quote Canadian property is almost always in demand. However, building buildings is not cheap. Large upfront costs to cover land, materials and labour will be incurred, and meeting these costs can put a major dent in any business cashflow. Fortunately, there’s a solution to this problem – meet the Construction Loan - a purpose-built financial product that lets you fund the cost of building without demolishing your bank balance. Borrow up to 75% LTV Competitive rates Terms up to 24 months Options for all construction loans What is a construction loan? Construction loans, (also known as development loans), are a type of bridging loan used to cover the costs of building new homes and commercial premises or re-developing existing residential and commercial properties. Construction loans may also be used to buy a plot of land to build on or purchase an existing property for re-development. Get a quote How do construction loans work? Constructing or re-developing a property is a capital-intensive task. Large upfront costs to pay for land, planning, construction materials and labour will be incurred. These costs must be met before the property can be re-sold or used to generate income. Additionally, because the property may not exist yet, (it’s a new-build), or it will undergo significant change, (re-development), it is very...
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### Auction finance
> Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Read more.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/auction-finance/
- Business sectors: Business loans
Auction finance Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Get a quote Canadian property auctions move fast. Buyers must pay in full within a time frame that’s usually too short to get a traditional property loan. So, if you don’t have the cash to pay upfront, how can you buy at auction? The answer is auction finance – a fast and simple bridging loan that lets you buy with confidence at auction, then gives you time to re-sell for a profit or secure a long-term mortgage. Don’t miss out on bargains. Use an auction loan to be a winner when the hammer falls. Borrow up to 80% LTV Competitive rates Terms up to 24 months Approval in as little as 5 days What is auction finance? Auction finance is a type of bridging loan used to buy residential or commercial property at auction. Because auction houses usually require payment in full within 14 or 28 days of purchase (56 days if bought online), it can be difficult for some buyers to arrange a traditional property loan within this short time frame. Auction finance can cover this gap for 1 to 24 months, allowing the borrower to pay the auction house according to their rules, and sufficient time to re-sell the property or arrange a long-term mortgage to replace the auction loan. Get a quote What types of auction finance are there?...
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## Business insurance
### Business interruption insurance
> Business interruption insurance is business insurance that covers organisations for loss of income if they are unable to operate due to events beyond their control.
- Published: 2024-07-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-interruption-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business interruption insurance is business insurance that covers organizations for loss of income if they are unable to operate due to events beyond their control – such as severe weather, fire, or power outages. If the worst should ever happen, this type of insurance can provide a backstop to stop your business going under. Add a header to begin generating the table...
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### Why cyber insurance is your business's digital shield
> Data breaches, ransomware attacks, and phishing scams are just a few ways malicious actors can disrupt your operations. Learn how to prevent it here.
- Published: 2024-04-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cyber-insurance/why-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Ian Hawkins. Last reviewed on September 23, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset The criminals are working hard to get to your data. What are you doing to protect it? “An employee clicked on a dodgy link in an email on their home computer... the same computer they use to work from home. That exposed our database to cybercriminals and they basically wiped us out over a weekend. ”In today's digital age, businesses run on data - and if that data is lost, stolen or gets into the wrong hands, it can mean the end of your business overnight. Data breaches, ransomware attacks, and phishing scams...
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### Cyber insurance
> Cyber insurance is a type of business insurance that provides support if your business experiences a cyber attack or security failure. Learn more here.
- Published: 2024-04-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cyber-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It costs Canadian businesses an average of CAD $550,000 to recover from a cyber attack and 81% of organisations who suffer cybercrime are SMEs. The sad fact is, businesses are increasingly vulnerable to systems lock outs, data theft, malware, ransomware and many other types of digital crime. To protect themselves against these threats, many Canadian organisations now rely on cyber insurance –...
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### How much does employers' liability insurance cost?
> Premiums for employers’ liability insurance can range from $170 to $250, but just as no two US businesses are alike, no two insurance needs are the same.
- Published: 2023-12-22
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/cost-of-employers-liability/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Premiums for employers’ liability insurance can range from CAD $170 to CAD $250 per month, but just as no two Canadian businesses are alike, so no two business insurance needs are the same. The premium you pay will depend on your business type, the number of people you employ, and the risks attached to what you do or sell. Although the more...
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### What is employers' liability insurance?
> Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees should they be injured or unwell. Read more here.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/what-is-employers-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Defining employers' liability insurance Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees, (including those who no longer work for you and some contract workers), should they be injured or become unwell as a result of working for your business. Add a header to begin generating the table of contents Do I need employers' liability...
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### What is product liability insurance?
> Product liability insurance (PL) protects companies, partnerships, sole traders and the self-employed from financial loss. Read all about it & get a quote.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/product-liability-insurance/what-is-product-liability/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Product liability insurance (PL) – also known as ‘product insurance’ - is a business insurance designed to protect companies, partnerships, sole traders and the self-employed from financial loss in the event that someone is harmed, or property is damaged due to the products that they supply. Add a header to begin generating the table of contents Do I need product liability insurance?...
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### What is business insurance?
> Business insurance protects organisations against losses incurred in their normal business activities. Read more here, and get a quote today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/what-is-business-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on December 21, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business insurance protects organisations against losses incurred in the pursuit of their normal business activities. Losses may arise through accidents, weather-related events such as floods or lightning strikes, or theft, malpractice, employee compensation claims, shipping risks, utility failures, and a host of other issues. Although business insurance cannot stop problems from occurring, it can replace what was lost, pay for interim arrangements...
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### Do I need public liability insurance?
> Public liability insurance is a good idea for almost every businesses, but it is key for those that interact with the general public or work for government.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/do-i-need-public-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance (PL) is a good idea for almost all businesses, (including sole traders and the self-employed), but it is essential for those that interact with the general public and work for local councils or central government. Some personal injury or property damage claims can run into the hundreds of thousands or even millions of pounds. If your business operations put...
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### Opticians insurance
> As a health provider, supporting the vision of many customers every day, your optician’s business is vulnerable to a set of risks. Get your cover today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/opticians-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset As a health provider, supporting the vision of many customers per year, your optician’s business is vulnerable to a unique set of risks. Business insurance for opticians is specifically designed to shield opticians from these unusual threats – delivering A to Z protection and reducing the possibility of catastrophic financial claims if things should go wrong. Add a header to begin generating...
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### Plumbers insurance
> No matter if you’re working in a commercial, residential or public space, the work you do plumber puts your business at risk. Learn more here.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/plumbers-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents can happen anywhere, anytime. Those that cause personal injury or damage to the property of the general public or your clients, customers, and suppliers as a result of the services your plumbing business provides could generate crippling compensation claims against you. Because accidents cannot be foreseen, plumbers’ public liability insurance is the only way to protect yourself and your business from...
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### Gardeners insurance
> Gardeners’ insurance is a term for the policies you can buy to protect your gardening business from many types of risk. Get cover from $10 a month.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gardeners-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset At first glance, a gardening business may seem like a quiet and safe profession. However, the reality is quite different. Heavy equipment, machine tools, sharp blades, changing weather and the occasional need to operate from ladders can make the industry one of the most hazardous to work in. Factor-in close proximity to customers and the general public and the potential for accidents...
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### Gas engineer insurance
> Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged. Get cover today
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gas-engineer-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged because of the services that you or your business provides. This essential cover, also known as PL or liability insurance, is designed to protect your heating and engineering business against compensation claims for injuries or property damage from a customer, passer-by, or a...
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### Bicycle shop insurance
> Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. Get cover today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/bicycle-shop-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. As well as ensuring your store is covered for events such as fire, theft and accidents that take place at your premises, you must also protect your business from the financial impact of incidents that can happen many miles away. Bicycle...
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### Shop insurance
> Shop insurance is a term for a range of business insurances that can give retailers protection against almost every type of event. read more & get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/shop-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are hundreds of retail outlets in the US, and they sell everything from bed knobs and car parts to broomsticks and spices. However, despite this diversity, they have one thing in common – every shop needs shop insurance to protect them if the worst should ever happen. Add a header to begin generating the table of contents Why do you need...
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### Restaurant insurance
> Restaurant insurance is a term for a range of business insurance policies that can protect food businesses from financial loss. Read more & get a quote today.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/restaurant-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are tens of thousands of restaurants in the US, and they sell every type of food there is. However, despite this diversity, they have one thing in common – they all need restaurant insurance to protect them from financial calamity if the worst should ever happen. Add a header to begin generating the table of contents What is restaurant insurance? Restaurant...
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### Public liability insurance for events
> Public liability insurance for events can protect event organisers against claims from members of the public for injury, illness or damage. Learn more here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/event-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Everybody loves a good event, but if you’re the event organiser you face high business risk. Accidents can happen, errors can occur, and omissions can leave you promising more than you can deliver – all of which have the potential to create catastrophic financial impact for your business. Public liability insurance for events is designed to eliminate these worries, leaving you to...
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### Pub insurance
> Pub insurance is a term for a range of business insurance that can provide protection against almost every type of negative event. Read more & get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/pub-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are more than 9,700 pubs in the US, and every one of them offers a unique hospitality experience. However, despite this diversity, they have one thing in common - they all need pub insurance to protect them from financial calamity if the worst should ever happen. Add a header to begin generating the table of contents Why do I need pub...
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### IT consultant insurance
> Insurance for IT contractors and consultants can protect professionals from financial claims for data leaks, systems malfunctions, & more. Get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/it-consultant-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In an age when almost every business uses technology to function, the need for expert IT professionals to provide support has never been greater. However, while IT contractors provide the technical skills and IT consultants provide guidance and planning, they all have one thing in common – they’re vulnerable to potential compensation claims that could run into the many thousands or even...
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### Gym insurance
> The US is on a fitness boom and gyms and fitness businesses are busier than ever. Unfortunately, with this good news also comes some bad. Protect your gym here.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gym-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter if they’re pumping iron to build muscle, swimming laps to lose weight, or playing sports for fun or competition, millions of US fitness lovers visit gyms and fitness centres every year. With such large numbers using these facilities, gym owners and operators need comprehensive gym insurance to offset business risk. Add a header to begin generating the table of contents...
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### Food insurance
> No matter if you operate a restaurant, a food truck, a delivery service, or you manufacture foods, you will need food insurance. Get cover here.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/food-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter what happens, people have to eat. Across the US there are thousands of businesses making, preparing, and selling food and drinks to millions of hungry and thirsty customers. The products these businesses sell may vary considerably, but they all have one thing in common – they’re at risk if anything goes wrong with the food or services they provide. To...
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### Consultants insurance
> Business insurance for consultants protects your businesses from third-party compensation claims for injury, loss or damage. Get cover today.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/consultants-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In industries as diverse as agriculture, antique art, finance and fibre optics, consultants provide the expert skills and knowledge that businesses cannot do without. However, even the best can make a mistake or miss an important detail, and sometimes those errors can come with expensive consequences. Fortunately, business insurance for consultants is available to reduce or eliminate this risk, protecting professionals from...
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### Carpenters insurance
> Many carpenters work in the construction industry where the potential for accidents, theft, and errors is high. Get your coverage here or talk to an expert.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/carpenters-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter how experienced a carpenter you are, or how diligent you are with safety, accidents and mistakes can happen any time. Most carpenters, especially sole traders and the self-employed, cannot afford to be out of work through injury, illness, property damage or lost equipment and tools. Add in the possibility of large compensation claims from people who say they have suffered...
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### Cafe insurance
> No matter if you run a café or a coffee shop, one thing is common: Accidents, mishaps, and errors can happen at any time. Get insured today.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cafe-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on December 8, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset The US’ coffee shop and café market was worth more than $48billion in 2022. Branded chains and independent operators now populate every high street, shopping mall, train station and airport, selling everything from a hot cup of joe to an exotic wrap or salad. However, the continuing success of this area of hospitality is also increasing business risk. More customers, more outlets,...
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### Shareholder protection insurance
> Shareholder protection insurance provides shareholders with the funds to buy shares from each other if one of them are unable to work. Get a quote here.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/shareholder-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Shareholder protection insurance can provide your business with a financial safety net if it ever lost a shareholder through serious illness, injury or death. This may be a scenario that nobody likes to think about, but it is still important to plan for. If a shareholder were to die without insurance, their stake in the business could be inherited by an unwelcome...
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- [Canada’s COVID-19 winners, losers - and what comes next in 2022](https://swoopfunding.com/ca/blog/canadas-covid-19-winners-losers-and-what-comes-next-in-2022/): After a tumultuous two years, Canada’s SMEs are adapting to a new normal. Here we explore whether struggling businesses are getting the help they need.
### Relevant life insurance
> Relevant life insurance policies are single life, stand-alone ‘death in service’ plans. Learn all about this type of insurance, or get started with Swoop today.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/relevant-life-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many people, buying life insurance privately can be too expensive and pre-existing medical conditions may mean they cannot get cover. However, relevant life insurance is an individual policy that employers can offer to their directors and key employees to eliminate these issues. For organisations that have too few employees to qualify for group life cover, relevant life insurance can provide your...
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- [Funding your franchise: a guide for franchisees](https://swoopfunding.com/ca/blog/funding-your-franchise-a-guide-for-franchisees/): You want to become part of a franchise because you want the security of a tested business model, a recognisable brand and support in growing your own business.
### Group private medical insurance
> Group private medical insurance is an employee benefit provided by businesses to their workers and is currently the top-rated perk in the US. Get a quote.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-private-medical-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset With the healthcare system under growing pressure and waiting lists for treatments at an all-time high, many people in the US are considering private medical insurance. However, buying this protection as an individual can be expensive and certain medical conditions may be excluded. Instead, group private medical insurance is an affordable benefit that employers can offer to their employees, covering everyone in...
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- [Secured vs. unsecured business loans – what’s best for my business?](https://swoopfunding.com/ca/business-loans/secured-vs-unsecured-business-loans/): Secured and unsecured business loans both have their pros and cons. If you are unsure which to go for, read all about them here.
### Group life insurance
> Group life insurance, also known as a ‘death in service benefit’, that employers offer to their workers whilst they work for the business. Get a quote today.
- Published: 2023-11-10
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-life-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In an uncertain world, it makes sense for most of us to have life insurance to provide a cash benefit to our family or dependants in the event that we should die. Unfortunately, for many people, buying life insurance individually can be too expensive and pre-existing medical conditions may mean they cannot secure cover. However, group life insurance is a blanket policy...
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### Group income protection insurance
> Group income protection insurance enables employers to pay employees a percentage of their income if they are off work for a long time. Read more here.
- Published: 2023-11-09
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-income-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Few employees could afford to be off work for an extended period due to injury or illness. The financial impact could be devastating. In the same vein, few businesses can afford to lose their important workers for many weeks or months. It hurts company morale, impacts productivity and drives up costs. This is why any business that employs other people needs group...
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### Executive income protection insurance
> Executive income protection insurance protects directors & key employees – safeguarding their earnings and preventing financial setbacks. Learn more.
- Published: 2023-11-09
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/executive-income-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many business owners, especially those within small companies, being unable to work because they are injured or sick will usually mean a loss of some or all of their income. This can have life-changing impact, causing them to fall behind on mortgage payments, run up debts, run foul of the tax man, even lose their business. Fortunately, executive income protection is...
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### What's the difference between public liability and professional indemnity insurance?
> For many US SMEs, sole traders and the self-employed, having both public liability insurance and professional indemnity cover is essential. Read more here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/difference-between-public-liability-and-professional-indemnity/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance covers your business for third-party claims for personal injury or property damage caused by the services your organisation provides. Professional indemnity insurance protects your business from compensation claims arising from wrong or misleading information you may have published or provided to a client. Add a header to begin generating the table of contents How does public liability insurance work?...
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### How much public liability insurance do I need?
> The amount of public liability insurance you need depends on the industry and the size of your business. Read more here and speak to our experts today.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/how-much-public-liability-insurance-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset The amount of public liability insurance (PL) you need depends on the industry you work in and the size of your business. In most cases, the bigger your business is, the bigger potential claims may be. (Keep in mind that a claim for personal injury or property damage will usually be increased by legal fees and claims for medical treatment and loss...
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### What is public liability insurance?
> Public liability insurance is good for almost all businesses, especially those that interact with the public and work for local councils or the government.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/what-is-public-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 1, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance is a type of business insurance that protects your organisation if someone is injured, or their property is damaged because of the services that you or your company provides. This type of cover, also known as PL or liability insurance, is designed to protect your business against third party claims for injuries or property damage from a customer or...
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### Public liability insurance
> Public Liability Insurance protects your organisation if someone is injured, or their property is damaged because your services. Read more & get a quote here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents that cause personal injury or damage to the property of the general public or your clients, customers, and suppliers as a result of the services your organisation provides, could have a huge financial impact on your business, or even close your business down. However, public liability insurance is designed to protect against this sort of risk - providing compensation to claimants...
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### Tradesman insurance
> Tradesman insurance is a term for a range of business insurances that protect trade professionals. Learn all about it & get a quote here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/tradesman-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter how experienced a tradesman you are, or how diligent you are with safety, accidents and mishaps can happen any time. Many sole traders and self-employed professionals who work with their hands, often at construction sites or other risky locations, cannot afford to be out of work through injury, illness, property damage or lost equipment and tools. Add in the possibility...
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### Warehouse insurance
> Warehouse insurance is specialist business insurance that can cover personal injuries, accidental & malicious property damage & more. Read more here.
- Published: 2023-10-31
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/warehouse-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Warehouses can be some of the most dangerous places to work. High shelving systems, moving forklifts and loaders, heavy goods vehicles going in and out, and a common round-the-clock work schedule all enhance the chance of injuries or property damage and raise the risk of expensive compensation claims. Fortunately, warehouse insurance can provide comprehensive cover to eliminate these risks, allowing warehouse operators...
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### Tool insurance
> Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery & equipment you take to jobs. Learn more here.
- Published: 2023-10-30
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/tool-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. From a spanner and a screwdriver to a laptop and a light meter, every business and professional needs tools to carry out their trade. Sometimes, this equipment can cost hundreds or even thousands of pounds and if it were lost, damaged or stolen, it could be difficult to replace and may even put your business in jeopardy. Fortunately, tool insurance is available to eliminate this risk. Buy it to protect your vital tools and equipment. Keep on working if the worst should ever happen. Add a header to begin generating the table of contents What is tool insurance? Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery and equipment you take from job to job. This includes things like hand and machine tools, generators, lighting rigs, tech devices, ladders, and testing equipment. The portable nature of these...
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### Construction company insurance
> Construction insurance provides cover if someone makes a claim against you, or your business suffers loss, theft or damage to your property. Get a quote here.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/construction-company-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset From building roads and major infrastructure, to constructing office blocks and private homes, the US construction sector is a round-the-clock, all-weather industry worth $billions every year. However, with big business, also come big risks, many of which have the potential to deliver large financial claims if things should go wrong. Fortunately, construction insurance is available to mitigate the risks. Use it to...
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### Third party liability insurance
> Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business. Learn more & get coverage here.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/third-party-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 30, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business if you cause personal injury or property damage to someone else. To eliminate this kind of risk, businesses buy third-party liability insurance – all-weather umbrella cover that can protect organisations from the financial storm if the worst should ever happen. Read on to...
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### Trade credit insurance
> Trade credit insurance is designed to reduce the risk of non-payment by a company’s customers. Get in touch today & get your trade credit insurance quote.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/trade-credit-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 30, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Trade credit insurance (TCI), also known as accounts receivable insurance, debtor insurance, or export credit insurance, is a business insurance that compensates organisations if their customers fail to pay for supplied products or services. Non-payment may be because of bankruptcy, insolvency, or political upheaval in the countries where the trading partner operates. TCI can help businesses to protect their capital, stabilise their...
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### Business contents insurance
> Use business contents insurance to replace cash, and pay for new fixtures & fittings, equipment and stock if they’re damaged, lost, or stolen. Get a quote here.
- Published: 2023-10-27
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-contents-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business contents cover is designed to replace the contents of shops, offices, restaurants, surgeries, garages, workshops and almost every other type of business in the event of fire, flood, theft, vandalism and accident. Use business contents insurance to replace cash, and pay for new fixtures and fittings, equipment, stock and samples, raw materials, and employees’ personal belongings if they’re damaged, lost, or...
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### Commercial van insurance
> Commercial van insurance is a type of business insurance that can cover your work vans and any personal contents you are carrying. Get your cheap quote here.
- Published: 2023-10-27
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/commercial-van-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Builders, butchers, bakers, candlestick makers – there are many types of business in Canada, but they tend to have one thing in common: They own a commercial van. It’s the vehicle that gets them to work, carries their tools, and takes their goods and materials from A to B. Keeping this vital business asset working is essential, which is why businesses should...
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- [How to refinance a business loan](https://swoopfunding.com/ca/blog/how-to-refinance-a-business-loan/): Find out all you need to know about refinancing a business loan and if it’s the right decision for your business. Get started with Swoop.
### Occupiers' liability insurance
> Occupiers' liability insurance covers the occupier of a commercial premises against personal injury or property damage claims. Learn more & get a quote here.
- Published: 2023-10-20
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/occupiers-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. What is occupiers' liability insurance? Accidents happen. There’s no getting around that. However, if they happen on your business premises, you could be on the hook for compensation claims, legal and medical expenses and more. Occupier’s liability insurance is designed to eliminate these kind of risks. Let the policy take care of all the problems, while you carry on doing what you do best. Read on to find out more. Add a header to begin generating the table of contents Defining occupiers’ liability insurance Occupiers' liability insurance is type of business insurance that covers the occupier of a commercial premises against personal injury or property damage claims made against them by their customers, suppliers, or members of the public. This type of insurance product is also known as public liability insurance, and it’s a must for any business that comes into contact with the...
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### Subcontractor insurance
> Subcontractors’ insurance can cover everything from a sprained ankle or a scraped vehicle, to a major fire or total loss. Read more and get a quote here.
- Published: 2023-10-20
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/subcontractor-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Because they are on the front line of any project, subcontractors and their teams are most vulnerable to financial loss caused by accident, personal injury, claims for property damage, theft of tools and materials, or business interruption. To protect themselves from these types of risk, subcontractors will buy subcontractors’ insurance. This is specialist cover designed exclusively for subcontractors and available with many different options to suit different business needs. Build a custom insurance package that protects your business from every eventuality. Add a header to begin generating the table of contents What is subcontractors’ insurance? Subcontractors are specialist tradespeople who supply their unique skills and tools to complete part or all of a project. Most subcontractors work within the construction industry, but they also support IT, telecommunications, research, the energy sector and more. Subcontractors’ insurance is an umbrella term for a range of policies...
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## Case studies
### Self employed insurance
> Self-employed workers include contractors, freelancers, gig workers and sole traders - reducing the risk to your business. Read more and discuss your need here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/self-employed-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In Canada, there are over 2. 9 million self-employed individuals, engaging in a wide range of occupations such as plumbing, gardening, bricklaying, and roofing, as well as creative and artisanal pursuits like writing, acting, baking, crafting, and restoring classic cars. But just because they’re a one-man band, it doesn’t mean these individuals are immune to risk. If something goes wrong with the...
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- [Fueling growth: how Swoop helped a medical equipment distributor break through cash flow constraints](https://swoopfunding.com/ca/case-studies/how-swoop-helped-break-through-cash-flow-constraints/): At Swoop, we empower businesses to achieve their full growth potential. This case study illustrates how we partnered with a...
### Professional indemnity insurance
> Professional indemnity insurance covers businesses and individuals that advise clients, provide them with vital information and more. Get a quote today.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/professional-indemnity-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Many individuals and businesses sell information and advice to their customers. Unfortunately, if that information is wrong or misleading, it can cause financial loss or other damage to their clientele. Claims for compensation can then cost thousands or even millions of pounds to settle. Instead, professionals and businesses exposed to this sort of risk will purchase professional indemnity insurance to protect them...
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- [From the basement to app store top charts](https://swoopfunding.com/ca/case-studies/from-the-basement-to-app-store-top-charts/): TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years. Read how we supported their growth here.
### Business equipment insurance
> Business equipment insurance protects you from financial loss in the event that vital tools or equipment are lost, damaged, or stolen. Read more here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-equipment-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What is business equipment insurance? Business equipment insurance protects you from financial loss in the event that the vital tools and equipment you use to carry out your trade or business are lost, damaged, or stolen. Suitable for companies, partnerships, sole traders, and the self-employed, business equipment insurance can protect portable tools, office equipment and contents, laptops, mobile phones, and machinery that...
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- [Strategic funding driving groundbreaking innovation](https://swoopfunding.com/ca/case-studies/strategic-funding-driving-groundbreaking-innovation/): Mannin is ready to grow and form international partnerships to amplify their impact. Through collaboration with Swoop, they’ve built a strong relationship.
### Product liability insurance
> Product liability insurance can protect your business should the products you provide create a problem for your customers. Read more & get a quote here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/product-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No manufacturing process is perfect. Every business that designs, makes, or distributes parts, components, or finished goods runs the risk that the products they supply could harm someone or damage someone’s property. These injuries or damages could happen through no deliberate fault of your own, but a simple manufacturing flaw or workshop error could still make you and your business liable for...
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- [Turning dreams into reality with a startup loan](https://swoopfunding.com/ca/case-studies/turning-dreams-into-reality-with-a-startup-loan/): Nicolás Prada opened Piragua Colombian Specialty Store to share his culture and cuisine with the community. Offering homemade Colombian dishes,...
### Hired in plant insurance
> Hired-in plant insurance is an insurance that provides financial protection against the loss or damage of hired construction plant and equipment. Get cover.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/plant-machinery-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Big machines usually come with big price tags, and the cost of replacing or repairing lost or damaged rented construction equipment could be beyond many businesses, forcing them into bankruptcy. Fortunately, hired-in plant insurance is here to do the heavy lifting. Use it to protect the plant you hire. Eliminate the risk of a major financial malfunction. Add a header to begin...
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- [Floating to new heights with a streamlined acquisition](https://swoopfunding.com/ca/case-studies/floating-to-new-heights-with-a-streamlined-acquisition/): Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. See how Swoop helped Rosh here.
### Limited company insurance
> Limited company insurance is a term for a range of insurances that can protect businesses from financial loss. Speak to an experts today & get a quote.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/limited-company-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No business is without risk and calamity can strike at any time, exposing your organisation to the potential of significant cost, even the possibility of closure. Limited company insurance is designed to eliminate the risk of catastrophe, protecting you, your employees, your customers, members of the public, and everything your business owns or uses should the worst thing ever happen. Add a...
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### Employers' liability insurance
> Employers' liability insurance protects you and your employees, should they be injured or become unwell as a result of working. Get a quote today.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It only takes a moment’s oversight, or minor machine malfunction for accidents to occur at work. Unfortunately, the financial cost of these incidents can be anything but small. Employee compensation claims for work-related illnesses or injuries can often run into the tens or hundreds of thousands of pounds. Few Canadian SMEs could afford such a blow - which is why they are...
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### Do I need business insurance?
> Every organisations need business insurance, because risk is everywhere and problems usually arrive out of nowhere, giving you no time to prepare. Learn more.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/is-business-insurance-a-legal-requirement/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset All organisations, including sole traders and the self-employed, need business insurance, because risk is everywhere and problems usually arrive without warning, giving you no time to prepare. Businesses that have contact with the general public, work for local councils or central Government, or operate in high risk-industries are especially vulnerable to major financial compensation claims if things should go wrong. Put simply,...
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### Invoice insurance
> The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out more and talk to an expert today.
- Published: 2023-10-13
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/invoice-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset How can I protect my business against bad debt? The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out all you need to know about invoice insurance With invoice insurance, a business pays a premium to an insurance provider, and in return, the insurer agrees to reimburse the business for a percentage...
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### What is personal guarantee insurance?
> Personal guarantee insurance is a form of insurance designed to protect business owners and directors who must provide a personal guarantee. Get cover here.
- Published: 2023-10-12
- Modified: 2024-11-06
- URL: https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/what-is-personal-guarantee-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Personal guarantee insurance (PGI) is a form of business insurance designed to protect business owners and directors who must provide a personal guarantee to the lender when their company takes out a loan. PGI typically covers a large percentage of the loan, and it pays out if the business defaults on their borrowing or becomes bankrupt. PGI has the double benefit of lowering financial exposure for the guarantors and making lenders more comfortable by providing an extra financial backstop in case things should go wrong. Add a header to begin generating the table of contents How does PGI work? When a business owner or director personally guarantees a loan, they are offering their private assets as security against the debt. Typically, this will include their home. If the business defaults and cannot repay the debt, the individual is personally responsible for the amount guaranteed...
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### What business insurance do I need?
> Available to all businesses and to cover almost any eventuality, business insurance is a valuable emergency lifeline, but what do you need? Learn it here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/what-insurance-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Available to all businesses and to cover almost any eventuality, comprehensive business insurance is a valuable emergency lifeline. Use it to offset risk, create a financial cushion, and avoid the potential for disaster if the worst should ever happen. Add a header to begin generating the table of contents What is business insurance? Business insurance protects organisations against losses incurred in the...
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### Medical insurance
> Small Business Health Insurance provides access to private healthcare services to keep employees fit & well, keeping the business running. Get a quote here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/medical-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Employee illness or injury can sap the productivity and profitability out of any small organisation, and for sole traders and the self-employed, the impact can be devastating. Fortunately, Small Business Health Insurance is here to fix this problem – providing fast access to private healthcare services to keep employees fit and well and helping small businesses avoid the financial burden of extended...
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### Personal guarantee insurance
> Almost every Canadian business will need to borrow money at some point. Fortunately, this is where personal guarantee insurance comes in. Read more here.
- Published: 2023-10-12
- Modified: 2024-11-06
- URL: https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Almost every Canadian business will need to borrow money at some point in its life. Unfortunately, unless the business has large assets, the lender will usually look to the business owner or directors to provide security for the funds. This means giving a personal guarantee and putting the owner’s or the director’s personal assets at risk. Without this kind of collateral, many lenders won’t make the loan. Personal guarantee insurance (PGI) is designed to reduce risk for business owners: The policy covers a large percentage of the loan. This delivers the double benefit of lowering financial exposure for the guarantors and making lenders more comfortable by providing an extra financial backstop in case things should go wrong. Add a header to begin generating the table of contents What is personal guarantee insurance? Personal guarantee insurance is a form of business insurance designed to protect...
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### Contractors insurance
> Available to all contractors and to cover almost any eventuality, comprehensive contractor insurance is a key emergency lifeline. Get a quote today.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/contractors-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Controlling the day-to-day oversight of a project, managing vendors and tradesmen, and communicating with all involved parties throughout the course of an assignment can be a big responsibility that’s often fraught with risks – accidents can happen, materials and technology can fail, bad weather can blow the roof right off your schedule. Any one of these events could cause lasting harm to...
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### Key person insurance
> Key person insurance is an insurance that protects organisations from the financial impact of the loss of a key individual. Read more and get a quote here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/key-person-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Many small and medium-sized Canadian businesses are owned and/or managed by just a few important people. These are usually board members, the managing director, and executive officers, but they could also be other valuable employees. Responsible for major decisions and steering the organisation’s growth and development, these individuals are the essential ingredients that no business can do without. But what happens when...
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### Commercial property insurance
> Commercial properties are typically the biggest assets any business has, cover yours was comprehensive commercial property insurance to protect this here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/commercial-property-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Commercial properties are typically the biggest assets any business has, but just like private residences, they can be damaged or destroyed through many different causes, creating the potential for a repair or replacement bill big enough to sink the business. Fortunately, there’s an answer to this dilemma. Available to all businesses and to cover almost any eventuality, comprehensive commercial property insurance is...
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## Our partners
### Dunbridge Financial
> ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach.
- Published: 2023-02-28
- Modified: 2023-02-28
- URL: https://swoopfunding.com/ca/our-partners/dunbridge-financial/
Dunbridge Financial Who are Dunbridge Financial? ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach. Founded by a team with over 26 years of international payments experience, Dunbridge understands customer’s pain points, and how to solve them. Get started What can Dunbridge Financial help with? With an industry leading digital platform, and services that include foreign exchange, international payments, risk management solutions and invoice financing, Dunbridge Financial’s vision is a feature-rich financial services company that allows customers to operate and grow confidently. ’ Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### SRED Unlimited
- Published: 2022-12-02
- Modified: 2022-12-02
- URL: https://swoopfunding.com/ca/our-partners/sred-unlimited/
SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively for the purpose of assisting Canadian businesses maximise their additional resources by receiving refunds and tax credits available from the federal and provincial governments. Get started What can SRED Unlimited help with? SRED Unlimited has a proven track record of successful SR&ED tax credit claims for Canadian businesses. Its team of SR&ED tax credit experts does the heavy lifting of the claim preparation to ensure that you’re covering every potential dollar in tax credits and refunds. Equipped with industry-specific expertise, consultants at SRED Unlimited can identify SR&ED eligible work that often goes unnoticed. Claiming SR&ED tax credits and refunds has never been easier! Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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- [How Swoop is helping Ark Renewable Energy keep Canada’s lights on](https://swoopfunding.com/ca/case-studies/ark-renewable-energy/): Ark makes switching to solar easy for Canadians, but the company’s rapid growth sparked a need for funding Making your...
### SRED Unlimited
- Published: 2022-12-02
- Modified: 2022-12-02
- URL: https://swoopfunding.com/ca/our-partners/sred-unlimited/
SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively for the purpose of assisting Canadian businesses maximise their additional resources by receiving refunds and tax credits available from the federal and provincial governments. Get started What can SRED Unlimited help with? SRED Unlimited has a proven track record of successful SR&ED tax credit claims for Canadian businesses. Its team of SR&ED tax credit experts does the heavy lifting of the claim preparation to ensure that you’re covering every potential dollar in tax credits and refunds. Equipped with industry-specific expertise, consultants at SRED Unlimited can identify SR&ED eligible work that often goes unnoticed. Claiming SR&ED tax credits and refunds has never been easier! Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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- [The Garage Door Depot case study](https://swoopfunding.com/ca/case-studies/the-garage-door/):
### Braithwaite
- Published: 2022-11-24
- Modified: 2022-11-24
- URL: https://swoopfunding.com/ca/our-partners/braithwaite/
Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the last 30+ years. Their in-house team of scientists, engineers, and developers tailor our services to increase SR&ED funding, lowering time spent on SR&ED writing, and allows their customers to use their time wisely on their research and innovation. With a 99% success rate and a trusted reputation with CRA, Braithwaite is your future partner with the SR&ED Tax Credit. Get started What can Braithwaite help with? Scientific Research and Experimental Development (SR&ED) refers to the systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis. SR&ED includes work undertaken by or on behalf of the taxpayer with respect to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research. If you operate within this space, Braithwaite may be able to support you in claiming your SR&ED tax credits. Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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- [Even bankers are coming to Swoop for funding](https://swoopfunding.com/ca/case-studies/bankers-coming-to-swoop/): Knowing that Swoop had an established business in the UK, Irfan saw an opportunity to leverage Swoop's marketplace of funders and put the platform to the test.
### Braithwaite
- Published: 2022-11-24
- Modified: 2022-11-24
- URL: https://swoopfunding.com/ca/our-partners/braithwaite/
Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the last 30+ years. Their in-house team of scientists, engineers, and developers tailor our services to increase SR&ED funding, lowering time spent on SR&ED writing, and allows their customers to use their time wisely on their research and innovation. With a 99% success rate and a trusted reputation with CRA, Braithwaite is your future partner with the SR&ED Tax Credit. Get started What can Braithwaite help with? Scientific Research and Experimental Development (SR&ED) refers to the systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis. SR&ED includes work undertaken by or on behalf of the taxpayer with respect to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research. If you operate within this space, Braithwaite may be able to support you in claiming your SR&ED tax credits. Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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- [Atelier Munro](https://swoopfunding.com/ca/case-studies/atelier-munro/): Watch our small business stories with Atelier Munro here.
### Goodlawyer
- Published: 2022-11-22
- Modified: 2022-11-29
- URL: https://swoopfunding.com/ca/our-partners/goodlawyer/
Goodlawyer Who are Goodlawyer? Goodlawyer is a marketplace for founders who need specialized legal services at a price they can trust. They are 100% founder-focused, which means startup founders can expect VIP service based on the company they're trying to build, not the company they have now. Their lawyers are chosen specifically because they have expertise in startup-relevant legal work like startup financings, fintech compliance programs, and international IP commercialization. From MVP to Series B — Goodlawyer is the full-service legal solution your startup can count on. How can Goodlawyer help my business? If you are looking for legal advice when launching a business, protecting your digital assets or patenting your intellectual property, you need look no further than Goodlawyer. Get started How does it work? Step one Select your lawyer Start by signing up and booking a free initial consultation that will last up to 30 min. This is an opportunity to meet with your chosen lawyer to ensure it’s a good match. Step two Quote and kick-off Receive an upfront quote from your lawyer so you know the exact cost. Once you have confirmed the quote, your lawyer will get started! Step three The legal work Your lawyer will then begin the legal work to your exact requirements. You will also be able to use the message portal or book Advice Sessions (free for Pros) for progress updates, collaboration and clarifications with your lawyer. Step four Completion Upon completion, your project is delivered and payment is collected. Goodlawyer...
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- [Finding a new lender to put their faith in a growing care home business](https://swoopfunding.com/ca/case-studies/finding-a-new-lender-to-put-their-faith-in-a-growing-care-home-business/): When the customer’s former lender left the healthcare market, finding a replacement proved challenging. Then Swoop stepped in. If your...
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## Start a business
### How to choose your title as a business owner
> Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you?
- Published: 2024-10-15
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-choose-your-title-as-a-business-owner/
- Start a business sectors: Starting a business
What’s in a name? Quite a lot it seems, as there are dozens of business titles to explain who does what within a business structure. Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you? Let’s dig into the hierarchy of business titles to discover more. Get a quote What is a business title? A business title is a formal designation or a label given to an employee or business owner that reflects their role, responsibilities, and position within an organization. It helps internal and external observers define a person’s position in the business hierarchy, clarify what they do, and can communicate authority. What different business owner titles are there? When it comes to their title, business owners are spoilt for choice:Owner: The Owner has full legal and financial control of the business. This title reflects the individual's ultimate authority over decision-making, operations, and ownership of assets within the company. CEO (Chief Executive Officer): The CEO is the highest-ranking executive in a company, responsible for making major decisions and setting strategy. They report to the board of directors and are in charge of overall operations. CEOs are typically employees of larger businesses and may or may not own any share of the business. Founder: The Founder is the person who originally established the company. This title reflects their role in starting the business, though they may or may not be involved in day-to-day...
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### How to start a retail business
> Starting a retail business can be an exciting venture. With good planning and execution, you can find success and meet your target market's needs. Read more.
- Published: 2024-05-30
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-start-a-retail-business/
- Start a business sectors: Business ideas
Starting a retail business can be an exciting venture. With proper planning and execution, you can find success and meet your target market's needs. While getting your retail business up and running is no easy feat Swoop is here to provide insights toward profitability, and how we can support you on this journey. Get a quote Is a retail business profitable? A retail business can be highly profitable if a good location is chosen and management meets the needs of the market demand. Factors that are important in determining whether a particular retail business is profitable include; Selecting a viable nicheBuilding strong vendor relationshipsPracticing efficient management of inventory Keeping operational costs down While competition can be tough in many cases, creating a good business plan and using smart marketing strategies can better your chances in many cases. Consider, for example, a small boutique for environmentally friendly fashion. With growing awareness and the disposition of consumers toward more sustainable goods, such a niche can draw a loyal customer base willing to pay premium prices. Good inventory management keeps the boutique flowing with bestsellers, with the lowest overstock to minimise waste. Good vendor relationships mean better prices and access to exclusive goods. Market demand and trendsMarket demand and trends can work both for you and against you. While you need to stay ahead of trends and be attentive to market demand, you also need to not let it constantly sway your decisions. It's all about striking the right balance. Retail businesses that...
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### Open a pizza shop
> Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. Learn more and get started.
- Published: 2024-05-29
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/open-a-pizza-shop/
- Start a business sectors: Business ideas
Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. But there is a process that demands attention no matter your experience. At Swoop our aim is to help you understand what it takes to open a successful pizza restaurant, from the initial idea to opening day. Get a quote What is a pizza shop? A pizza shop, or pizzeria, specializes in making and selling pizzas. These establishments can offer various styles, such as thin crust, deep-dish, and wood-fired pizzas, often accompanied by salads, pasta, and beverages. Pizza shops range from small, family-run places to large franchises with multiple locations. What do I need to start a pizza shop? You’ll need a few things before you can get started running your pizza shop including:Business plan: A detailed outline of your business strategy. Funding: Money to cover startup costs and ongoing expenses. Location: A strategic spot where there’s demand for pizza. Licenses and permits: Legal approval to operate. Employees: Staff to manage daily operations. Equipment: Ovens, mixers, and other kitchen essentials. Supplies: Ingredients and packaging materials. Marketing: Strategies to attract and keep customers. Step-by-step guide on how to open a pizza shop Turning your dream of owning a pizza shop into a reality requires strategic planning and thoughtful execution. From the initial brainstorming and securing the right location, to obtaining funding and ensuring legal compliance, each step plays a crucial role in building a successful pizza business. Here’s...
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### Graphic design business
> Setting up your own graphic design business can be an exciting prospect. Here’s everything you need to know about how to start a graphic design business.
- Published: 2024-05-13
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/graphic-design-business/
- Start a business sectors: Business ideas
Setting up your own graphic design business can be an exciting prospect. But it’s crucial that you understand exactly what’s involved to make sure you’re fully prepared and to help increase your chances of success. Here’s everything you need to know about how to start a graphic design business. Get a quote Why start a graphic design business? Running your own business has several benefits. As well as enabling you to be more flexible about the hours you work, you’ll also be able to pick the projects you want to work on. Graphic design is a diverse field and can be a great option for self-employed individuals. So if you’re an experienced graphic designer and fancy working for yourself, setting up a graphic design business could be the perfect solution. As part of this, you’ll need to think about the area you want to work in. For example, you could work in branding and help businesses with logo designs and colour schemes, or you might want to work in layout and print design for magazines and newspapers. You could also consider graphic design for packaging, advertisements, websites or even for videos and animations. Steps to opening a graphic design business: Decide on a nameYour first step is to think of a name for your business. You want to think of something that’s easy to remember and spell, but you also want to make it clear to potential customers what type of business you run. Additionally, you must make sure your...
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### Start a bakery
> How can you get the bakery you’ve always wanted to own? Read on to discover all you need to know about starting a bakery business and get started.
- Published: 2024-03-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/start-a-bakery/
- Start a business sectors: Business ideas
The Canadian baked foods market is worth around $5 billion and demand for bakery products is continuing to rise. With more and more customers seeking healthier, organic or specialist baked foods, the future of independent retail and wholesale bakeries has seldom looked so good. However, although bakeries can be great businesses – typically delivering profit margins of 15% and giving owners an average personal income of $66,000 per year – starting your own bakery is not without its challenges. You’ll need premises to work from, employees, funding, permits and licenses, plus a good marketing angle and an enticing range of products. So how to do this? How can you get the bakery you’ve always dreamt of owning up and running? Let’s find out. Read on to discover all you need to know about starting a bakery business. Get a quote 1. Choose a bakery style The first thing you need to decide is what kind of bakery to operate. There are two basic models – retail bakeries and wholesale bakeries. Retail bakeries sell direct to consumers, usually as a storefront, but more often in a café environment where customers can sit down to eat a light meal or drink a cup of coffee. Wholesale bakeries sell to businesses – such as grocery stores, restaurants and hotels. In Canada, wholesale bakeries represent 25% of all bakery businesses, but they capture 88% of industry revenues. Retail bakeries may be best for entrepreneurs who want to sell more creative, bespoke and artisan products,...
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### Open a liquor store
> Suppose your dream is to own a liquor store. Read how do you get there, what hurdles must you cross and most importantly, what will it cost? Get started.
- Published: 2024-03-19
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/open-a-liquor-store/
- Start a business sectors: Business ideas
The old saying goes that no matter what the economy is doing, people still have to eat and drink – and judging by forecast liquor sales of billions in 2024, drinking alcoholic beverages is also a necessity. Get a quote With sales of liquor expected to grow every year for the rest of this decade, opening a liquor store may seem like a slam dunk – and if you do your homework right it can be. However, liquor stores are among the most regulated retail businesses in Canada, with laws covering every aspect of the operation. Add in expensive inventory, strong competition, high licensing costs and increasingly savvy customers and it doesn’t take much imagination to see that operating a liquor store can also be hard work. But let’s suppose your business dream is to own your own liquor store no matter what. How do you get there, what hurdles must you cross and most importantly, what will it cost? Let’s find out. Read on to discover all you need to know about opening a liquor store. How do I start a small liquor store? Opening a small liquor store comes with the same fundamentals as opening any kind of store, you can either start from scratch with a brand-new business, or you can buy an existing liquor store with an established customer base. However, that’s about as far as the similarities go, because opening a new liquor store or taking over an existing store can be one of the...
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### Start a brewery
> With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing each year. Read more and apply here.
- Published: 2024-03-18
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/start-a-brewery/
- Start a business sectors: Business ideas
With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing year on year. However, that doesn’t mean it’s all plain sailing for budding beer entrepreneurs. Stiff competition from the majors and more small breweries opening every year is making it tough for new craft brewers to gain a toehold. But what do you do if your heart is set on owning your own beer-making business? How do you start a craft brewery and succeed in a crowded market? Like many things in life, it begins with a plan. Here’s all you need to know to give your new brewery the perfect head start: Get a quote What do I need to start a brewery business? First of all, to understand the basics: What is a craft brewery? To be classed as a craft brewery, your business can make no more than six million barrels per year. Your business must be an independent business with no more than 25% owned by a member of the alcoholic beverage industry who is not a craft brewer. The majority of the beverages you make must be beers with flavors derived from the fermentation of traditional or innovative brewing ingredients. For example, flavored malt beverages are not considered beers. So now we know what a craft brewery is, let’s look at the steps you need to take to launch one. Apply now Starting a brewery in 7 steps You don’t need experience in the beer-producing industry to start...
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### Restaurant
> If you're looking to open a restaurant, look no further. Here’s a rundown of the key things you need to know before you take the plunge & become a restauranteur
- Published: 2024-03-15
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/restaurant/
- Start a business sectors: Business ideas
After slumping during the pandemic, the Canadian restaurant industry quickly regained its strength and saw growth return in 2021. So, does this mean it’s a good time to open that restaurant you’ve always wanted? It could be. However, opening a new restaurant is not easy. It takes creativity, patience and dedication to succeed. Most of all, you’ll need a solid plan to get you there. With this in mind, here’s a rundown of the key things you need to know before you take the plunge and become a restauranteur. Get a quote How to open a restaurant: Step by step There are already more than 97,000 restaurants across Canada, and competition for leisure dollars has never been higher. If you’re going to make your restaurant a success you’ll need a novel concept, a great marketing plan, first-class location, terrific food and a reason for people to come back again and again. 1. Choose a restaurant concept and brandFrom your location to your restaurant décor, menu, marketing, even your pricing policy, your restaurant concept influences your whole business. Do your research before settling on a theme. What kind of cuisine is already available where you intend to operate? Is there a gap that nobody else is filling? Can you build a successful business within that niche? Additionally, you might want to consider the operating style of your potential competitors. Can you offer something that they don’t have? For example, if your area is full of casual diners, is there room for...
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### How to get a loan to start a business
> So how does a startup loan work and what do you need to do to get one? Read more here and find out all there's to know about getting a loan to start a business.
- Published: 2024-03-15
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-get-a-loan-to-start-a-business/
- Start a business sectors: Starting a business
Thousands of new businesses were launched in Canada in 2023 and the pace of entrepreneurship shows no sign of slowing down. Doing your own thing in business is clearly the way to go. Many of these budding businesses used personal savings and funds from friends and family to get off the ground. But what do you do if you don’t have cash to hand and no personal sources to finance your great idea? Startup business loans are designed to help new organizations get up and running. More readily available from online lenders than traditional banks and credit unions, these specialized forms of financing can make all the difference when launching a new company, giving entrepreneurs the critical funding they need to get their business through the early months and years. So how do startup loans work and what do you need to get one? Read on to find out all you need to know about getting a loan to start a business. Get a quote What are the different types of startup business loans? There are many types of startup business loan. Interest rates, fees and terms and conditions can vary significantly. This means it is important to review all the options before settling on a deal. Here's a rundown of the best startup loans to support your new venture Term loansThis is the most common startup business loan. You receive a single, lump-sum cash injection and then pay it back in regular instalments over a fixed period of up...
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### Laundromat business
> Normally, it'll cost $200,000 to $500,000 to launch a mid-size laundromat. Learn all about the costs, or apply for finance with Swoop here.
- Published: 2024-03-01
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/laundromat-business/
- Start a business sectors: Business ideas
Laundromats are a strong and steady industry, supported by a growing population and more people living in apartments and condos where in-home laundry facilities are becoming rarer. The fact is, people need clean clothes and if they can’t do them at home, laundromats are the only game in town. Get a quote However, opening a successful laundromat is no slam dunk. On average it costs $200,000 to $500,000 to launch a mid-size laundromat – and that’s one without all the bells and whistles, such as pay-by-card machines, wash/dry/fold/press services, vending machines and TV facilities to keep your customers entertained. On top of this are your day-to-day running costs, wages to employees, essentials like insurance and the constant need to maintain the machines that produce your income. All in all, launching a laundromat is not something you can do for a few thousand dollars – especially in the early days of your startup. But where does all the money go? Let’s dig into the facts to find out what it costs to open a laundromat. How much does it cost to open a laundromat? How much you spend will be influenced by what type of laundromat you wish to operate. Do you start from scratch in a new location, buy or rent an existing laundry business, or go the franchise route? If you start from scratch, you can create a laundromat exactly as you want it depending on your budget, but you’ll have to build your customer base from zero. If...
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### Vending machine business
> Vending machines are the stores that never close. Read all there's to know about starting a vending machine business and your finance options here. Get started.
- Published: 2023-11-07
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/vending-machine-business/
- Start a business sectors: Business ideas
Vending machines are the stores that never close. Open 24/7 for the sale of food, drinks, candy, toys, and more, they’re a fast and convenient way to buy the things we need. They’re also profitable, low maintenance and suitable for investors seeking passive income or a part-time or full-time business venture. But if you’re new to the world of vending machines, how do you start your own vending machine business? What kind of equipment do you need, what do you sell, where do you sell, and what does it all cost? Read on to discover all you need to know about starting your vending machine business and where to get the funds to get it off the ground. Get a quote What is a vending machine business? Vending machines are standalone cash or card-operated devices that sell a wide range of products to consumers. A vending machine business is an organisation that manages one or more of these machines – usually as the equipment owner, but sometimes as a franchisee. Vending machines can be found in many different locations, from airports and strip malls to colleges and theme parks. Dispensing candy, sodas, snacks, healthy foods, tech equipment, beauty products and more, these machines can provide a low-cost entry point to a lucrative business opportunity. The Canadian vending machine market was valued at $289. 3 million in 2023 and billions of items are dispensed from vending machines every year. Vending machine operators are responsible for purchasing or renting the machines, finding...
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### How to start a small business
> Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider to get your business off the ground. find out more here.
- Published: 2023-07-12
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-start-a-small-business/
- Start a business sectors: Starting a business
Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider and you’ll need to be prepared to put in the work to get your business off the ground. Get a quote Part of this will involve writing a business plan, deciding on the legal structure of your business and getting funding to help your business expand and grow. So, take a deep breath, grab a cup of tea, and check out our comprehensive guide that covers all you need to know about how to start a small business. Why start your own business? There are multiple reasons why you might want to start your own business. Perhaps the most attractive one is that you get to be your own boss. This means you can work more flexibly, pick your own hours and decide what type of work you want to do. Going it alone can mean you get to focus on something you’re interested in while also having a varied role. One minute you could be dealing with suppliers, the next you could be tackling accountancy spreadsheets. Working for yourself can also be very profitable, provided you have the right business idea and the right mindset. To give yourself the best chances of success, you’ll need to give some serious thought to the type of business you want to run. Think about what you’re interested in as well as what you’re good at. Do people regularly come to you for advice about certain...
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### Transport business
> If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/transport-business/
- Start a business sectors: Business ideas
If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take and help you understand how to start a transport business. Get a quote Why start a transport business? Demand for transport services is high right now. A shortage of HGV drivers and high fuel costs mean that many clients are desperately looking for suppliers to transport goods around Canada and on the continent. That means that if you have experience in the haulage industry and fancy being your own boss, it could pay to set up your own transport business. Be warned, however, that it is also a competitive industry, so it’s crucial to do some research and take steps to keep your costs low to increase your chances of success. What are the steps to opening a transport business? If you’re thinking about opening a transport business, below are the key steps to follow to get your plans off the ground. Step 1. Identify your niche First of all, you need to decide what sort of service you want to offer. You can, of course, operate in a number of areas, but it’s generally better to establish a particular niche at the start to help you stand out from your competitors and perhaps attract more specialist clients. Some examples to think about include waste disposal, parcel delivery, and vehicle transport, but there’s a whole range of alternative options. Make sure...
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### Nursery business
> Do you have a background in childcare and fancy running your own nursery? This guide will explain everything you need to know about starting a nursery business.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/nursery-business/
- Start a business sectors: Business ideas
Do you have a background in childcare and fancy running your own nursery? This comprehensive guide will explain everything you’ve ever wanted to know about how to start a nursery business. Get a quote Why consider starting a nursery? Running your own nursery business can be a highly rewarding experience. After all, you’ll be heavily involved in children’s early development and can help to give them a good start in life. Demand for new childcare settings is also high. With more parents going back to work after having a baby, and as new government schemes are introduced to help parents with costs, demand for nurseries is going up all the time. Of course, starting your own business also means you get to be your own boss, so once your business is up and running, you might have more flexibility in choosing your working hours. So, if you have a love for children’s learning and development, you’re good at managing people and you’re capable of managing everything from looking after children to marketing to bookkeeping, starting a nursery could be the perfect solution. Are nurseries profitable? Running a nursery can be profitable but it needs to be managed well. Startup and running costs can be very high which means you need to find ways to keep costs down and boost your profit margin. Your nursery premises will likely be your biggest expenditure and prices will vary depending on your location and the type of premises you’re buying or renting. You might...
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- [AreaWealth Case Study](https://swoopfunding.com/ca/case-studies/areawealth-case-study/): The Challenge AreaWealth is a technology driven investment management platform that maximises efficiencies for advisers in managing their clients’ financial...
### Moving and removal business
> If you fancy running your own business and you prefer being physically active to sitting at a desk, setting up a removal firm could be right up your street.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/moving-and-removal-business/
- Start a business sectors: Business ideas
If you fancy running your own business and you prefer being physically active to sitting at a desk all day, setting up a removal firm could be right up your street. But before you go ahead, there are a number of important points to consider. This short guide aims to cover everything you need to know about how to start a moving business. Get a quote Decide what services you want to offer A key part of getting your business up and running is to give some thought to the type of services you want to offer. Some of the options open to you include:Man and van If you’re one person working on your own, a man and van service could be the most suitable choice. These services are typically more popular with those on a lower budget and all you’ll need to do is drive the van and help your clients load and unload their items. Self-loadAgain, this service tends to be most attractive to clients looking to keep costs down. Plus it’s even less work for you. You simply drive the van from A to B, while your customers load and unload it. Home removalsIf you’re looking to start a larger business, a home removals service might be more appropriate. This type of service will be more expensive, so you’ll earn more, but you’ll need to find a business partner or hire staff to help you. Commercial removalsYou could also think about helping businesses to move to a...
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- [Case Study: Concise Media](https://swoopfunding.com/ca/case-studies/case-study-concise-media/): The challenge Having recently been appointed CFO at Concise Media, Mark Winkler had been working with the team for a...
### Makeup business
> Starting your own makeup business means you’ll be able to start your own brand. Also, it gives you the freedom to set your own prices & sell in-store or online.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/makeup-business/
- Start a business sectors: Business ideas
If your interests lie in beauty and cosmetics, you might be thinking about starting your own makeup business. Whether you’re thinking of launching an online store or you’d prefer to sell your products through distributors, a physical store or independent consultants, this guide explains all you need to know about how to start a makeup business. Get a quote Why launch a makeup business? Launching your own makeup business means you’ll be able to start your own brand. It also gives you the freedom and flexibility to set your own prices and sell products in-store or online. Plus, it could enable you to follow your dream and work in a business you’re really passionate about, while also having the benefit of being your own boss and working the hours that suit you. What types of businesses are available in cosmetics? There are lot of options to explore when it comes to starting your own cosmetics business. It’s important to choose a suitable niche to focus on as this will help you build a brand, find your target market, and stand out from the competition. When weighing up your options, you want to think about whether your brand will fill a product gap in the market, or whether it’s going to be a new version of a popular classic. Make sure you carry out some market research first to assess whether there will be sufficient demand. Some of the areas to think about include:Traditional makeup products: This includes mascaras, lipsticks, foundation,...
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- [Funding adds spice to growing condiment brand](https://swoopfunding.com/ca/case-studies/funding-adds-spice-to-growing-condiment-brand/): Find out how Swoop helped Moi Moi Sauce access the funding they needed to grow with confidence.
### Farming business
> Is it your dream to run your own farm? This guide takes you through the necessary steps to help you understand how to start and finance a farm.
- Published: 2023-07-12
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/farming-business/
- Start a business sectors: Business ideas
Is it your dream to run your own farm? If so, you’ll need to have the relevant experience and be prepared to put in the work to boost the chances of your farm being profitable. This guide takes you through the necessary steps to help you understand how to start a farm. Get a quote Why consider starting a farm? You might want to start a farm if you like the idea of working for yourself and enjoy spending a lot of time outside. Although farming can be challenging, if you plan well, it’s possible to earn a decent profit. What’s more, there’s a wide range of different farming types to choose from. You could consider poultry farming, vegetable farming or dairy farming, for example. You could also think about growing cereals such as barley, oats and wheat, or fruits such as apples, strawberries and raspberries. Is farming profitable? Farming can be profitable, but you need to plan carefully. The covid-19 pandemic hit farming incomes hard and they have struggled to recover. That said, figures from the Office for National Statistics (ONS) show that Total Income from Farming (TIFF) in England for 2021 was £4. 3 billion, an increase of 17. 7% from 2020. As well as the pandemic, the farming industry has also been affected by extreme weather, such as heavy rain or prolonged dry spells in recent years, as well as Brexit. Farming can be unpredictable so you need to ensure your farm is resilient, that you’re producing...
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### Gym business
> If you’re a fitness professional and fancy running your own gym, it’s important to understand what’s involved, the costs, and how you’ll finance it.
- Published: 2023-06-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/gym/
- Start a business sectors: Business ideas
If you’re a fitness professional or personal trainer and you fancy running your own gym, it’s important to understand exactly what’s involved, how much it’s going to cost you and how you’ll finance it. Read this guide to find out everything you need to know. Get a quote What are the steps to opening a gym? Opening a gym requires a lot of work, but the steps below can help get you started:1. Check you have the right qualifications and skills2. Research licensing3. Find the right premises4. Consider insurance5. Acquire gym equipment6. Hire staff7. Market your gym 1. Check you have the right qualifications and skillsTo run your own gym, you’ll need to have good people skills and be prepared to work long hours. Remember that most gym users will have jobs of their own which means they’ll often want to work out in the early morning or evening. You’ll also need a minimum of a Level 2 qualification as a fitness instructor which you can complete in-person or online. You and any employees should have adequate safety training and you’ll need an appropriate number of first aiders on site too. It’s important to familiarise yourself with the Health and Safety at work etc Act 1974 and The Management of Health and Safety at Work Regulations 1999. 2. Research licensingMake sure you understand what licensing you’ll require. This will depend on the range of activities you plan to offer. For example:If you plan to sell or prepare food on the...
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### Consulting business
> Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. Find out here.
- Published: 2023-06-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/consulting-business/
- Start a business sectors: Business ideas
Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. This guide takes you through the necessary steps to help you get set up. Get a quote What is consulting? Consulting is the process of providing expert advice to people working in a professional or technical field, in return for a fee. Consultants specialise in a niche industry or trade. They are experts in their field and must have valuable knowledge that people are willing to pay for. As well as giving advice, a consultant might offer feedback, strategy building and problem diagnosis. They work to help businesses become more successful and can offer a new perspective to help businesses overcome certain challenges. Consultancy or contractorConsultants and contractors both work with businesses, but they work in different ways. Contractors are self-employed workers that are contracted by companies to provide certain services. Consultants are hired to provide expert advice and might be self-employed or employed by a consulting company. However, it’s also possible for consultants to be asked to provide a service in a contractor-type role. Types of consulting businesses: There are several different types of consulting businesses, as we explain below:1. Management ConsultingThis is the most common type of consulting. If you go into this line of work, you’ll work with business leaders to help their companies run smoothly. You might assess certain processes and help them to implement new ones, for example. You might...
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### Landscaping business
> If you enjoy working outside and want to be your own boss, setting up a landscape business could be an option to explore. Read more here.
- Published: 2023-06-19
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/landscaping-business/
- Start a business sectors: Business ideas
If you enjoy working outside and are keen to be your own boss, setting up a landscape gardening business could be an option to explore. This guide explains everything you need to know about how to start a landscaping business. Get a quote Why start a landscaping business? Working for yourself has a number of benefits. For a start, you’ll have more flexible working hours and you’ll be able to choose the projects you want to work on. If you’re also someone who likes to work outside, rather than sit at a desk all day, and you enjoy being creative, a landscape gardening business could be a good match. However, you will need to be prepared to work hard and be happy to work all in weather conditions. You’ll also need to have training in lots of different areas, including stonework, paving, draining and irrigation and decking, and have a good knowledge of plants. If you don’t have the required skills, it’s best to take a course at a horticultural college before you start. What equipment is required? To enable you to easily travel to different clients, you’ll need to invest in a reliable vehicle. You’ll also need to invest in a range of tools and other equipment. Try to buy good-quality tools so that they last well and remember that your vehicle will need to be large enough to contain them. Tools and equipment to think about include:LawnmowerTrailerHedge trimmerStrimmerSpreaders and sprayersLeaf blowerEdgerShovels, spades and forksRakeHosesMarking and measuring toolsBasic carpenter’s...
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- [Presols case study](https://swoopfunding.com/ca/case-studies/presols-case-study/): See how Swoop helped Presols access additional revenue needed to take their business to its next stage of growth.
- [Holy Moly case study](https://swoopfunding.com/ca/case-studies/holy-moly-case-study/):
- [The Story of Bookbarn International](https://swoopfunding.com/ca/case-studies/the-story-of-bookbarn-international/): The challenge Bookbarn International sells second-hand and antiquarian books through 20 different online marketplaces around the world.   William Pryor...
- [Case Study: Holy Moly Dips](https://swoopfunding.com/ca/case-studies/case-study-holy-moly-dips/): The challenge Mexican food fans Gaz and Tom made it their mission to create a range of 100% natural guacamole...
- [Case Study: Nimble Babies](https://swoopfunding.com/ca/case-studies/case-study-nimble-babies/): The Challenge: Nimble Babies was founded by professional chemist Von Sy. When his sister mentioned that his niece’s milk bottles...
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## Business glossary
- [Hotel Association of Canada (HAC)](https://swoopfunding.com/ca/business-glossary/hotel-association-of-canada/): Definition The Hotel Association of Canada (HAC) is the national trade organization representing the hotel and lodging industry in Canada....
- [Canadian Dental Association](https://swoopfunding.com/ca/business-glossary/canadian-dental-association/): Definition The Canadian Dental Association (CDA) is a national professional organization representing dentists across Canada.   What is the Canadian...
- [Excise Act 2001](https://swoopfunding.com/ca/business-glossary/excise-act-2001/): Definition The Excise Act 2001 is a federal law in Canada that governs the taxation and regulation of certain goods,...
- [T2125 form](https://swoopfunding.com/ca/business-glossary/t2125-form/): Definition A T2125, also known as the Statement of Business or Professional Activities, is a tax form used in Canada...
- [Capital cost allowance](https://swoopfunding.com/ca/business-glossary/capital-cost-allowance/): Definition Capital cost allowance (CCA) is a tax provision in Canada that allows businesses and property owners to deduct the...
- [T5013 slip](https://swoopfunding.com/ca/business-glossary/t5013-slip/): Definition A T5013 slip is an official tax document used in Canada to report income and expenses related to partnerships....
- [T5 slip](https://swoopfunding.com/ca/business-glossary/t5-slip/): Definition A T5 slip in Canada is an official tax document issued by financial institutions and other organizations to report...
- [Department of Finance Canada](https://swoopfunding.com/ca/business-glossary/department-of-finance-canada/): Definition The Department of Finance Canada is a federal government department responsible for overseeing the country's economic and financial policies....
- [Competition Bureau Canada](https://swoopfunding.com/ca/business-glossary/competition-bureau-canada/): Definition The Competition Bureau Canada is an independent federal law enforcement agency responsible for ensuring and promoting competitive markets across...
- [Canadian Transportation Agency (CTA)](https://swoopfunding.com/ca/business-glossary/canadian-transportation-agency/): Definition The Canadian Transportation Agency (CTA) is an independent tribunal and regulator responsible for overseeing various aspects of Canada's transportation...
- [Trade Commissioner Service (TCS)](https://swoopfunding.com/ca/business-glossary/trade-commissioner-service/): Definition The Trade Commissioner Service (TCS) assists Canadian businesses in expanding their international presence and achieving success in foreign markets....
- [Canadian International Trade Tribunal (CITT)](https://swoopfunding.com/ca/business-glossary/canadian-international-trade-tribunal-citt/): Definition The Canadian International Trade Tribunal (CITT) is an independent tribunal which provides Canadian businesses and individuals with a fair...
- [Canadian Food Inspection Agency (CFIA)](https://swoopfunding.com/ca/business-glossary/canadian-food-inspection-agency-cfia/): Definition The Canadian Food Inspection Agency (CFIA) is a federal government agency responsible for safeguarding Canada's food supply and protecting...
- [Canadian Commercial Corporation (CCC)](https://swoopfunding.com/ca/business-glossary/canadian-commercial-corporation/): Definition The Canadian Commercial Corporation (CCC) is a federal corporation that promotes international trade by helping Canadian businesses access and...
- [Canada Development Investment Corporation (CDEV)](https://swoopfunding.com/ca/business-glossary/canada-development-investment-corporation/): Definition Canada Development Investment Corporation (CDEV) is a federal corporation established to manage the Government of Canada’s investments in commercial...
- [Canadian customs tariff](https://swoopfunding.com/ca/business-glossary/canadian-customs-tariff/): Definition The Canadian customs tariff is a comprehensive system used by the Government of Canada to classify and apply duties...
- [Agriculture and Agri-Food Canada (AAFC)](https://swoopfunding.com/ca/business-glossary/agriculture-and-agri-food-canada/): Definition Agriculture and Agri-Food Canada (AAFC) is a department within the Government of Canada responsible for policies, programs, and services...
- [T2 tax form](https://swoopfunding.com/ca/business-glossary/t2-tax-form/): Definition The T2 tax form is a document filed by corporations in Canada to report their income, calculate taxes owed,...
- [S&P/TSX composite index](https://swoopfunding.com/ca/business-glossary/sp-tsx-composite-index/): Definition The S&P/TSX composite index is the primary benchmark index for the Canadian equity market. What is the S&P/TSX composite...
- [Canadian Securities Exchange (CSE)](https://swoopfunding.com/ca/business-glossary/canadian-securities-exchange/): Definition The Canadian Securities Exchange (CSE) is a stock exchange based in Canada that provides a trading platform for publicly...
- [Toronto Stock Exchange (TSX)](https://swoopfunding.com/ca/business-glossary/toronto-stock-exchange/): Definition The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada, serving as a primary marketplace for trading...
- [Better Business Bureau (BBB) ](https://swoopfunding.com/ca/business-glossary/better-business-bureau/): Definition The Better Business Bureau (BBB) is a nonprofit organisation that aims to promote trust and transparency between businesses and...
- [Canada Small Business Financing Program (CSBFP) ](https://swoopfunding.com/ca/business-glossary/canada-small-business-financing-program/): Definition The Canada Small Business Financing Program (CSBFP) is a federal government initiative designed to help small businesses access financing...
- [Business Identification Number (BIN)](https://swoopfunding.com/ca/business-glossary/business-identification-number/): Definition The Business Identification Number (BIN) is a unique identifier assigned to businesses for the purpose of identification and tracking...
- [Master Business Licence](https://swoopfunding.com/ca/business-glossary/master-business-licence/): Definition A Master Business Licence (MBL) is a type of business registration or licence required by some jurisdictions to legally...
- [Extra Provincial Licence (EPL)](https://swoopfunding.com/ca/business-glossary/extra-provincial-licence/): Definition An Extra Provincial Licence (EPL) is a regulatory requirement in some jurisdictions that allows a business registered in one...
- [Ransomware](https://swoopfunding.com/ca/business-glossary/ransomware/): Definition Ransomware is a type of malware designed to encrypt files or lock down computer systems, with the intention of...
- [Malware](https://swoopfunding.com/ca/business-glossary/malware/): Definition Malware, short for malicious software, refers to any software specifically designed to disrupt, damage, or gain unauthorised access to...
- [Challenger bank](https://swoopfunding.com/ca/business-glossary/challenger-bank/): Definition A challenger bank is a relatively new type of financial institution that challenges the traditional banking model by offering...
- [Burn rate](https://swoopfunding.com/ca/business-glossary/burn-rate/): Definition Burn rate in business finance refers to the rate at which a company is spending its available cash reserves...
- [Retained earnings](https://swoopfunding.com/ca/business-glossary/retained-earnings/): Definition Retained earnings refer to the portion of a company's net income that is not distributed to shareholders as dividends...
- [Cash sweep](https://swoopfunding.com/ca/business-glossary/cash-sweep/): Definition Cash sweep refers to the process by which excess funds in a bank account are automatically transferred into another...
- [North American Industry Classification System (NAICS)](https://swoopfunding.com/ca/business-glossary/north-american-industry-classification-system/): Definition The North American Industry Classification System (NAICS) is a standardized classification system used to categorize businesses and industries in...
- [T4 slip](https://swoopfunding.com/ca/business-glossary/t4-slip/): Definition A T4 slip is a Canadian tax form used by employers to report employment income, deductions, and other relevant...
- [Tax Court of Canada](https://swoopfunding.com/ca/business-glossary/tax-court-of-canada/): Definition The Tax Court of Canada is a specialized federal court in Canada that handles conflicts related to federal taxation...
- [Social Insurance Number (SIN)](https://swoopfunding.com/ca/business-glossary/social-insurance-number/): Definition The Social Insurance Number (SIN) is a nine-digit identification number issued by the Government of Canada to Canadian citizens,...
- [Nuans Name Search Report reservation number](https://swoopfunding.com/ca/business-glossary/nuans-name-search-report-reservation-number/): Definition The Nuans Name Search Report reservation number is a unique identifier assigned to a reservation made through the NUANS...
- [Nuans Name Search Report](https://swoopfunding.com/ca/business-glossary/nuans-name-search-report/): Definition The Nuans Name Search Report is a specialized document used in Canada to verify the availability and uniqueness of...
- [NFP Act](https://swoopfunding.com/ca/business-glossary/nfp-act/): Definition The NFP Act refers to the Canada Not-for-profit Corporations Act, which is federal legislation governing the incorporation, governance, and...
- [Investment Canada Act](https://swoopfunding.com/ca/business-glossary/investment-canada-act/): Definition The Investment Canada Act (ICA) is a federal legislation in Canada that regulates foreign investment in Canadian businesses.  ...
- [Innovation, Science, and Economic Development Canada (ISED)](https://swoopfunding.com/ca/business-glossary/innovation-science-and-economic-development-canada/): Definition Innovation, Science, and Economic Development Canada (ISED) is a federal government department responsible for fostering a competitive and innovative...
- [Income Tax Act](https://swoopfunding.com/ca/business-glossary/income-tax-act/): Definition The Income Tax Act (ITA) is the primary legislation governing federal income taxation in Canada.   What is the...
- [Harmonized Sales Tax (HST)](https://swoopfunding.com/ca/business-glossary/harmonized-sales-tax/): Definition The Harmonized Sales Tax (HST) is a combined federal-provincial sales tax system that integrates the federal Goods and Services...
- [Goods and Services Tax (GST)](https://swoopfunding.com/ca/business-glossary/goods-and-services-tax/): Definition The Goods and Services Tax (GST) is a federal tax charged on most goods and services sold for domestic...
- [Form 4001](https://swoopfunding.com/ca/business-glossary/form-4001/): Definition Form 4001 - Articles of Incorporation refers to the legal document required to establish a corporation.   What is...
- [Form 22](https://swoopfunding.com/ca/business-glossary/form-22/): Definition Form 22 typically refers to the Annual Return required by the federal government or provincial authorities for corporations registered...
- [Export Development Canada](https://swoopfunding.com/ca/business-glossary/export-development-canada/): Definition Export Development Canada (EDC) is Canada's export credit agency, with the purpose of supporting and facilitating Canadian exporters and...
- [Corporations Canada](https://swoopfunding.com/ca/business-glossary/corporations-canada/): Definition Corporations Canada is a federal government agency that serves as the primary authority responsible for the incorporation, regulation, and...
- [Chartered Professional Accountants of Canada](https://swoopfunding.com/ca/business-glossary/chartered-professional-accountants-of-canada/): Definition The Chartered Professional Accountants of Canada (CPA Canada) is the national organization representing the Canadian accounting profession.   What...
- [Canadian Controlled Private Corporation (CCPC)](https://swoopfunding.com/ca/business-glossary/canadian-controlled-private-corporation/): Definition A Canadian Controlled Private Corporation (CCPC) is a type of corporation recognized under Canadian tax law that meets specific...
- [Canada Revenue Agency](https://swoopfunding.com/ca/business-glossary/canada-revenue-agency/): Definition The Canada Revenue Agency (CRA) is the federal agency responsible for administering tax laws, collecting taxes, and delivering a...
- [Canada-Europe Trade Agreement (CETA)](https://swoopfunding.com/ca/business-glossary/canada-europe-trade-agreement/): Definition The Canada-European Trade Agreement (CETA) is a free trade agreement between Canada and the European Union (EU) and its...
- [Canada Business Corporations Act (CBCA)](https://swoopfunding.com/ca/business-glossary/canada-business-corporations-act/): Definition The Canada Business Corporations Act (CBCA) is a federal statute that governs the incorporation, organization, and regulation of corporations...
- [Bank of Canada](https://swoopfunding.com/ca/business-glossary/bank-of-canada/): Definition The Bank of Canada is Canada's central bank, responsible for formulating and implementing monetary policy, promoting a safe and...
- [Accounting Standards for Private Enterprises (ASPE)](https://swoopfunding.com/ca/business-glossary/accounting-standards-for-private-enterprises-aspe/): Definition Accounting Standards for Private Enterprises (ASPE) refers to a set of accounting principles and guidelines tailored specifically for private...
- [Access to Information Act](https://swoopfunding.com/ca/business-glossary/access-to-information-act/): Definition The Access to Information Act is a federal law in Canada that provides individuals and organizations present in Canada...
- [Angel syndicate](https://swoopfunding.com/ca/business-glossary/angel-syndicate/): Definition An angel syndicate is a group of individual angel investors who pool their resources and expertise to collectively invest...
- [Market segmentation](https://swoopfunding.com/ca/business-glossary/market-segmentation/): Definition Market segmentation is a strategic approach used by businesses to divide a market into smaller, more manageable segments or...
- [Return on capital employed (ROCE)](https://swoopfunding.com/ca/business-glossary/return-on-capital-employed/): Definition Return on capital employed (ROCE) is a financial metric used to evaluate the profitability and efficiency of a company's...
- [Exchange rate](https://swoopfunding.com/ca/business-glossary/exchange-rate/): Definition An exchange rate refers to the value at which one currency can be exchanged for another.   What is...
- [Deferred income](https://swoopfunding.com/ca/business-glossary/deferred-income/): Definition Deferred income is a liability recorded on a company's balance sheet that represents revenue received in advance of being...
- [Cross rate](https://swoopfunding.com/ca/business-glossary/cross-rate/): Definition A cross rate refers to the exchange rate between two currencies, neither of which is the official currency of...
- [Compound interest](https://swoopfunding.com/ca/business-glossary/compound-interest/): Definition Compound interest is a concept in finance that refers to the interest earned or charged on both the initial...
- [Capital expenditure](https://swoopfunding.com/ca/business-glossary/capital-expenditure/): Definition Capital expenditure refers to the funds a company spends to buy, upgrade, or maintain physical assets with the intention...
- [Administrative expenses](https://swoopfunding.com/ca/business-glossary/administrative-expenses/): Definition Administrative expenses refer to the costs incurred by a business in the day-to-day operations and management of its activities....
- [Accounting rate of return (ARR)](https://swoopfunding.com/ca/business-glossary/accounting-rate-of-return/): Definition The accounting rate of return (ARR) is a financial metric used to evaluate the profitability of an investment project...
- [Absolute return](https://swoopfunding.com/ca/business-glossary/absolute-return/): Definition Absolute return refers to the performance of an investment or portfolio relative to its initial value, without considering any...
- [Gross income](https://swoopfunding.com/ca/business-glossary/gross-income/): Definition Gross income refers to the total revenue generated by a company from its primary business activities before deducting any...
- [Earnings before tax (EBT)](https://swoopfunding.com/ca/business-glossary/earnings-before-tax/): Definition Earnings before tax (EBT), also known as pre-tax income or profit before tax, is a financial metric used to...
- [Market validation](https://swoopfunding.com/ca/business-glossary/market-validation/): Definition Market validation is a key process in business development and entrepreneurship aimed at confirming the potential and demand for...
- [Serviceable obtainable market (SOM)](https://swoopfunding.com/ca/business-glossary/serviceable-obtainable-market/): Definition Serviceable obtainable market is a concept in business strategy and market analysis, which refers specifically to the portion of...
- [Serviceable available market (SAM)](https://swoopfunding.com/ca/business-glossary/serviceable-addressable-market/): Definition A serviceable available market is a concept in business strategy and market analysis, closely related to total available market...
- [Total addressable market (TAM)](https://swoopfunding.com/ca/business-glossary/total-addressable-market/): Definition A total addressable market is a concept in business strategy and market analysis. It refers to the overall revenue...
- [Credit union](https://swoopfunding.com/ca/business-glossary/credit-union/): Definition A credit union is a financial cooperative owned and operated by its members, who are typically individuals with a...
- [Book-to-market ratio](https://swoopfunding.com/ca/business-glossary/book-to-market-ratio/): Definition The book-to-market (B/M) ratio is a financial metric used to evaluate the relative valuation of a company's stock by...
- [Benefit-cost ratio (BCR)](https://swoopfunding.com/ca/business-glossary/benefit-cost-ratio/): Definition The benefit-cost ratio (BCR) is a financial metric used to evaluate the profitability or viability of an investment or...
- [Bankruptcy](https://swoopfunding.com/ca/business-glossary/bankruptcy/): Definition Bankruptcy is a legal process that individuals and businesses can use to obtain relief from overwhelming debt burdens when...
- [Artificial intelligence (AI)](https://swoopfunding.com/ca/business-glossary/artificial-intelligence/): Definition Artificial intelligence (AI) refers to the simulation of human intelligence in machines, enabling them to perform tasks that typically...
- [Acceleration clause](https://swoopfunding.com/ca/business-glossary/acceleration-clause/): Definition An acceleration clause allows the lender or creditor to demand immediate repayment of the entire outstanding balance or take...
- [Accelerated depreciation](https://swoopfunding.com/ca/business-glossary/accelerated-depreciation/): Definition Accelerated depreciation is a method used in accounting to allocate the cost of a tangible asset over its useful...
- [Software as a service (SaaS)](https://swoopfunding.com/ca/business-glossary/software-as-a-service/): Definition Software as a service (SaaS) is a cloud-based software distribution model in which applications are hosted by a third-party...
- [Small and medium enterprise (SME)](https://swoopfunding.com/ca/business-glossary/small-and-medium-enterprise/): Definition Small and medium enterprise (SME) refers to businesses that typically have a relatively small number of employees and generate...
- [Service-level agreement (SLA)](https://swoopfunding.com/ca/business-glossary/service-level-agreement/): Definition A service-level agreement (SLA) is a formal contract or agreement between a service provider and its customer that outlines...
- [Search engine optimisation (SEO)](https://swoopfunding.com/ca/business-glossary/search-engine-optimisation/): Definition Search engine optimisation (SEO) is a digital marketing strategy aimed at improving a website's visibility and ranking on search...
- [Revenue](https://swoopfunding.com/ca/business-glossary/revenue/): Definition Revenue refers to the total amount of money earned by a company from its normal business activities over a...
- [Quote](https://swoopfunding.com/ca/business-glossary/quote/): Definition A quote serves as an official offer outlining the terms and conditions under which the seller is willing to...
- [Quarter to date (QTD)](https://swoopfunding.com/ca/business-glossary/quarter-to-date/): Definition Quarter to date (QTD) refers to the period starting from the beginning of the current quarter up to the...
- [Quarter over quarter (QoQ)](https://swoopfunding.com/ca/business-glossary/quarter-over-quarter/): Definition Quarter over quarter (QoQ) is a financial metric used to analyse changes in a company's performance or a particular...
- [Public relations (PR)](https://swoopfunding.com/ca/business-glossary/public-relations/): Definition Public relations (PR) is the strategic practice of managing communication between an organisation and its various stakeholders, including the...
- [Platform as a service (PaaS)](https://swoopfunding.com/ca/business-glossary/platform-as-a-service/): Definition Platform as a service (PaaS) is a cloud computing model that provides a platform allowing customers to develop, run,...
- [Pay per click (PPC)](https://swoopfunding.com/ca/business-glossary/pay-per-click/): Definition Pay per click (PPC) is an online advertising model in which advertisers pay a fee each time their ad...
- [Pay as you earn (PAYE)](https://swoopfunding.com/ca/business-glossary/pay-as-you-earn/): Definition Pay as you earn (PAYE) is a system of income tax withholding used by employers to deduct tax from...
- [On-demand computing (ODC)](https://swoopfunding.com/ca/business-glossary/on-demand-computing/): Definition On-demand computing (ODC), also known as utility computing or pay-as-you-go computing, is a cloud computing model in which computing...
- [Net foreign income](https://swoopfunding.com/ca/business-glossary/net-foreign-income/): Definition Net foreign income refers to the total income earned by a country's residents from foreign sources, minus the income...
- [Month to date (MTD)](https://swoopfunding.com/ca/business-glossary/month-to-date/): Definition Month to date (MTD) is a financial metric used to track and analyse the performance of a particular measure...
- [Month over month (MoM)](https://swoopfunding.com/ca/business-glossary/month-over-month/): Definition Month over month (MoM) is a financial metric used to compare the performance of a particular variable or indicator...
- [Monthly recurring revenue (MRR)](https://swoopfunding.com/ca/business-glossary/monthly-recurring-revenue/): Definition Monthly recurring revenue (MRR) is a key metric used by businesses, particularly in subscription-based models, to measure the predictable...
- [Market value](https://swoopfunding.com/ca/business-glossary/market-value/): Definition Market value, also known as fair market value, refers to the current price at which an asset, security, or...
- [Infrastructure as a service (IaaS)](https://swoopfunding.com/ca/business-glossary/infrastructure-as-a-service/): Definition IaaS providers offer virtualised computing resources, including virtual machines (VMs) or containers, which enable clients to run applications and...
- [Human resources (HR)](https://swoopfunding.com/ca/business-glossary/human-resources/): Definition Human resources (HR) refers to the department within an organisation responsible for managing and coordinating all aspects related to...
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## Compare business current account
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## Compare business credit cards
- [Archa Mastercard® Business Card](https://swoopfunding.com/ca/compare-credit-cards/archa-credit-card/):
---
## Podcasts & Videos
- [Insider secrets to buying and selling a business](https://swoopfunding.com/ca/podcasts-videos/insider-secrets-to-buying-and-selling-a-business/): Join Ciaran Burke (COO & Co-Founder, Swoop) and Blake Hutchison (CEO, Flippa) as they reveal expert strategies for buying and selling businesses.
- [What You Need to Know About Workplace Pensions After the Budget](https://swoopfunding.com/ca/podcasts-videos/what-you-need-to-know-about-workplace-pensions-after-the-budget/): Watch this webinar to explore the latest budget changes affecting Workplace Pensions. We are discussing updates to auto-enrolment, employer contributions,...
---
## International Money Transfers
---
## Knowledge hub
- [Convertible loan note](https://swoopfunding.com/ca/knowledge-hub/convertible-loan-note-cln/): Have you offered a loan from an investor under a CLN agreement? Is it the right choice for your business? Here's how they work.
- [Advanced Subscription Agreement (ASA)](https://swoopfunding.com/ca/knowledge-hub/advanced-subscription-agreement-asa/): An Advanced Subscription Agreement (ASA) is an equity instrument where investors 'pre-pay' for shares in a company. Find out more.
- [Startup finance](https://swoopfunding.com/ca/knowledge-hub/startup-finance/): Looking for funding options to help your startup business grow? Find out what your options are on the Swoop Knowledge Hub.
- [Debt financing](https://swoopfunding.com/ca/knowledge-hub/debt-financing/): Thinking of utilising debt financing to raise capital for your business? Find out what your options are with the Swoop Knowledge Hub.
- [Grant funding](https://swoopfunding.com/ca/knowledge-hub/grant-funding/): A grant is a form of finance provided by either government or private organisations for a specific purpose. Find out more here.
- [Mezzanine finance](https://swoopfunding.com/ca/knowledge-hub/mezzanine-finance/): Mezzanine financing is a fairly complex form of business loan that gives the lender the right to a share of equity in your business if you default on your loan.
- [Private debt](https://swoopfunding.com/ca/knowledge-hub/private-debt/): Private debt products are financed by non-bank institutions - could this be the right option for your business? Find out from the Swoop Knowledge Hub
- [Private equity](https://swoopfunding.com/ca/knowledge-hub/private-equity/): Private equity is a type of equity financing. Private Equity funds give your business money in return for a large or controlling share in your business.
- [Venture capital](https://swoopfunding.com/ca/knowledge-hub/venture-capital/):
- [Business angels](https://swoopfunding.com/ca/knowledge-hub/business-angels/): Business angels are individuals who are prepared to put their own money into startup or early-stage businesses in exchange for a share of the company’s equity.
- [Confidential invoice factoring](https://swoopfunding.com/ca/knowledge-hub/confidential-invoice-factoring/): Confidential invoice factoring works on the same principle as normal factoring. You still outsource your credit control to the factoring provider. The only difference is how the lende introduces themselves to your customers.
- [Spot factoring](https://swoopfunding.com/ca/knowledge-hub/spot-factoring/): Spot factoring is a type of selective invoice finance, i.e. a way of borrowing money using your unpaid invoices. It’s similar to selective invoice discounting in that it allows you to finance specific invoices (or customers).
- [Invoice factoring](https://swoopfunding.com/ca/knowledge-hub/invoice-factoring/): Invoice factoring is a type of invoice finance. Factoring (like invoice discounting) is used to finance all of your invoices (i.e. your entire sales ledger).
- [Invoice discounting](https://swoopfunding.com/ca/knowledge-hub/invoice-discounting/): Invoice discounting is arguably the simplest form of invoice finance – it’s a way of borrowing money using your unpaid invoices. Find out
- [Hire purchase](https://swoopfunding.com/ca/knowledge-hub/hire-purchase/): Hire purchase is a way for you to buy an asset by paying in instalments over a period of time, rather than paying upfront. Find out more here.
- [Supplier finance](https://swoopfunding.com/ca/knowledge-hub/supplier-finance/): Supplier finance (also known as ‘supply chain finance’ or ‘reverse factoring’) is a type of business cash advance, similar to invoice finance. If your business is the seller (or supplier) then you can benefit from the higher credit scores of the buyers in your supply chain. Your buyers can also lengthen their payment terms without impacting your cash flow.
- [Purchase order (PO) finance](https://swoopfunding.com/ca/knowledge-hub/purchase-order-finance-po-finance/): Purchase order (PO) finance is funding advanced to a supplier (from a finance provider) secured against a confirmed purchase order. Find out more here.
- [Business overdraft](https://swoopfunding.com/ca/knowledge-hub/business-overdraft/): Whether you need cash quickly or you're after a safety net that you can use occasionally, a business overdraft could...
- [Line of credit (non-revolving)](https://swoopfunding.com/ca/knowledge-hub/line-of-credit-non-revolving/): You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a ‘rolling’ type of line of credit.
- [Revolving credit facility (line of credit)](https://swoopfunding.com/ca/knowledge-hub/revolving-credit-line-facility/): A revolving credit facility is a type of working capital finance that enables you to withdraw money when you need it to fund your business.
- [Asset refinance](https://swoopfunding.com/ca/knowledge-hub/asset-refinance/): Asset refinancing is a way to unlock cash from items your business already owns. You can secure a loan with e.g. commercial property, equipment or vehicles.
- [Startup loan](https://swoopfunding.com/ca/knowledge-hub/startup-loan/): Like any other business loan, a startup loan is a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate.
- [Peer-to-peer (P2P) lending](https://swoopfunding.com/ca/knowledge-hub/peer-to-peer-lending/): Peer-to-peer lending (P2P) is a type of business loan provided by a large number of private investors to your business, usually through an online platform.
---
## Surveys
- [Swoop State of Business Survey 2024](https://swoopfunding.com/ca/surveys/swoop-state-of-business-survey-2024/): There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it. Read more here.
---
## Sectors
- [Self-employed loans with no proof of income](https://swoopfunding.com/ca/sectors/self-employed-loans-with-no-proof-of-income/): Self-employed workers & sole traders often require business financing and are usually asked for proof of income. Learn more here.
- [Self-employed loans with bad credit](https://swoopfunding.com/ca/sectors/self-employed-loans-with-bad-credit/): There are almost three million self-employed workers in Canada, and many of them will need extra funding to support their business. Read more here.
- [Inventory financing](https://swoopfunding.com/ca/sectors/inventory-financing/): Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get started.
- [Self-employed](https://swoopfunding.com/ca/sectors/self-employed/): There are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Learn all here.
- [Convenience stores](https://swoopfunding.com/ca/sectors/convenience-stores/): Convenience store financing is funding to help start, buy, expand or operate a convenience store, available with minimum fuss. Read more here.
- [Food trucks](https://swoopfunding.com/ca/sectors/food-trucks/): Finding funding for your food truck is key to success. Read more to find out all about food truck finance and how it can keep your business going.
- [Restaurant loans](https://swoopfunding.com/ca/sectors/restaurant-loans/): Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Read all about the available options and apply here.
- [Car garage](https://swoopfunding.com/ca/sectors/car-garage/): Don’t put your purchase or expansion plans on hold because of cash flow issues. Use a car garage mortgage to fuel your growth. Read all about it here.
- [Vineyard finance](https://swoopfunding.com/ca/sectors/vineyard-finance/): From commercial mortgages to working capital finance, vineyard loans are available to solve every grower’s need. Read all about the funding options here.
- [Brewery finance](https://swoopfunding.com/ca/sectors/brewery-finance/): From commercial mortgages to startup loans and much more, brewery loans are available to solve every brewer’s need. Learn more or apply here.
- [Cow & livestock finance](https://swoopfunding.com/ca/sectors/cow-livestock-finance/): Canadian cow and livestock finance is a loan that farmers can use to pay for the supplies they need to raise live animals, particularly beef and dairy herds.
- [Guest house finance](https://swoopfunding.com/ca/sectors/guest-house-finance/): This funding can be used to refinance a guest house loan, renovate your building, buy/build a new guest house, or cover seasonal quiet spots. Read more.
- [Crop finance](https://swoopfunding.com/ca/sectors/crop-finance/): Crop finance are loans that farmers can use to pay for the important tools they need to farm their arable land. Find funding here and get started.
- [Bus and coach finance](https://swoopfunding.com/ca/sectors/bus-and-coach-finance/): As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. Read more and apply here.
- [Business loans for bed and breakfasts](https://swoopfunding.com/ca/sectors/business-loans-for-bed-and-breakfasts/): B&B funding can be used to refinance a current loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, ad much more. Learn more.
- [Hotel funding](https://swoopfunding.com/ca/sectors/hotel-funding/): Hotel owners seeking this type of financing may find themselves searching and making applications to lender after lender. Read how to improve chances here.
- [Haulage finance and HGV loans](https://swoopfunding.com/ca/sectors/haulage-finance-and-hgv-loans/): Haulage and HGV loans are available to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank.
- [Care home finance](https://swoopfunding.com/ca/sectors/care-home-finance/): Even in a period of rising interest rates, financing your care home acquisition or expansion can be the best decision. Read more on why to finance here.
- [Buy a care home](https://swoopfunding.com/ca/sectors/buy-a-care-home/): Buyers seeking a care home will typically fund the acquisition with a commercial mortgage. This is a loan used to buy, develop, or refinance a care home.
- [Farm equipment financing](https://swoopfunding.com/ca/sectors/farm-equipment-financing/): In Canada we rely on farms to provide half the food we eat. To keep our shops full, farmers must squeeze maximum production from every acre that they manage.
- [Nursery funding](https://swoopfunding.com/ca/sectors/nursery-funding/): Setting up a nursery can be financially rewarding for those who prepare thoroughly and follow a solid plan. Secure your funding with Swoop today.
- [Dental practice loans](https://swoopfunding.com/ca/sectors/dental-practice-loans/): Dental practices are dynamic businesses, selling products and services that are in high demand. With well established practices providing solid profit margins.
- [Agricultural mortgage](https://swoopfunding.com/ca/sectors/agricultural-mortgage/): Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry.
- [Agricultural loans](https://swoopfunding.com/ca/sectors/agricultural-loans/): Many farms are land rich and cash poor, with income that is volatile.as a result of seasonal patterns. Fortunately, there are loans available to support this.
- [Petrol station finance](https://swoopfunding.com/ca/sectors/petrol-station-finance/): Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Learn how to get funding to buy or expand your station here.
- [Pub finance](https://swoopfunding.com/ca/sectors/pub-finance/): Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Read more and apply today.
- [Shopify loans](https://swoopfunding.com/ca/sectors/shopify-loans/): Shopify loans provide financial support for Shopify member businesses with two short-term loan products: Shopify capital loans, & Shopify merchant cash advances
- [Construction loans and finance](https://swoopfunding.com/ca/sectors/construction-loans-and-finance/): Canadian construction finance for a new build or redevelopment of an existing property to sell for a profit, use for your own needs, or rent out for income.
- [Auction finance](https://swoopfunding.com/ca/sectors/auction-finance/): Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Read more.
---
## Business insurance
- [Business interruption insurance](https://swoopfunding.com/ca/business-insurance/business-interruption-insurance/): Business interruption insurance is business insurance that covers organisations for loss of income if they are unable to operate due to events beyond their control.
- [Why cyber insurance is your business's digital shield](https://swoopfunding.com/ca/business-insurance/cyber-insurance/why-do-i-need/): Data breaches, ransomware attacks, and phishing scams are just a few ways malicious actors can disrupt your operations. Learn how to prevent it here.
- [Cyber insurance](https://swoopfunding.com/ca/business-insurance/cyber-insurance/): Cyber insurance is a type of business insurance that provides support if your business experiences a cyber attack or security failure. Learn more here.
- [How much does employers' liability insurance cost?](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/cost-of-employers-liability/): Premiums for employers’ liability insurance can range from $170 to $250, but just as no two US businesses are alike, no two insurance needs are the same.
- [What is employers' liability insurance?](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/what-is-employers-liability-insurance/): Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees should they be injured or unwell. Read more here.
- [What is product liability insurance?](https://swoopfunding.com/ca/business-insurance/product-liability-insurance/what-is-product-liability/): Product liability insurance (PL) protects companies, partnerships, sole traders and the self-employed from financial loss. Read all about it & get a quote.
- [What is business insurance?](https://swoopfunding.com/ca/business-insurance/what-is-business-insurance/): Business insurance protects organisations against losses incurred in their normal business activities. Read more here, and get a quote today.
- [Do I need public liability insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/do-i-need-public-liability-insurance/): Public liability insurance is a good idea for almost every businesses, but it is key for those that interact with the general public or work for government.
- [Opticians insurance](https://swoopfunding.com/ca/business-insurance/opticians-insurance/): As a health provider, supporting the vision of many customers every day, your optician’s business is vulnerable to a set of risks. Get your cover today.
- [Plumbers insurance](https://swoopfunding.com/ca/business-insurance/plumbers-insurance/): No matter if you’re working in a commercial, residential or public space, the work you do plumber puts your business at risk. Learn more here.
- [Gardeners insurance](https://swoopfunding.com/ca/business-insurance/gardeners-insurance/): Gardeners’ insurance is a term for the policies you can buy to protect your gardening business from many types of risk. Get cover from $10 a month.
- [Gas engineer insurance](https://swoopfunding.com/ca/business-insurance/gas-engineer-insurance/): Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged. Get cover today
- [Bicycle shop insurance](https://swoopfunding.com/ca/business-insurance/bicycle-shop-insurance/): Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. Get cover today.
- [Shop insurance](https://swoopfunding.com/ca/business-insurance/shop-insurance/): Shop insurance is a term for a range of business insurances that can give retailers protection against almost every type of event. read more & get a quote here.
- [Restaurant insurance](https://swoopfunding.com/ca/business-insurance/restaurant-insurance/): Restaurant insurance is a term for a range of business insurance policies that can protect food businesses from financial loss. Read more & get a quote today.
- [Public liability insurance for events](https://swoopfunding.com/ca/business-insurance/event-liability-insurance/): Public liability insurance for events can protect event organisers against claims from members of the public for injury, illness or damage. Learn more here.
- [Pub insurance](https://swoopfunding.com/ca/business-insurance/pub-insurance/): Pub insurance is a term for a range of business insurance that can provide protection against almost every type of negative event. Read more & get a quote here.
- [IT consultant insurance](https://swoopfunding.com/ca/business-insurance/it-consultant-insurance/): Insurance for IT contractors and consultants can protect professionals from financial claims for data leaks, systems malfunctions, & more. Get a quote here.
- [Gym insurance](https://swoopfunding.com/ca/business-insurance/gym-insurance/): The US is on a fitness boom and gyms and fitness businesses are busier than ever. Unfortunately, with this good news also comes some bad. Protect your gym here.
- [Food insurance](https://swoopfunding.com/ca/business-insurance/food-insurance/): No matter if you operate a restaurant, a food truck, a delivery service, or you manufacture foods, you will need food insurance. Get cover here.
- [Consultants insurance](https://swoopfunding.com/ca/business-insurance/consultants-insurance/): Business insurance for consultants protects your businesses from third-party compensation claims for injury, loss or damage. Get cover today.
- [Carpenters insurance](https://swoopfunding.com/ca/business-insurance/carpenters-insurance/): Many carpenters work in the construction industry where the potential for accidents, theft, and errors is high. Get your coverage here or talk to an expert.
- [Cafe insurance](https://swoopfunding.com/ca/business-insurance/cafe-insurance/): No matter if you run a café or a coffee shop, one thing is common: Accidents, mishaps, and errors can happen at any time. Get insured today.
- [Shareholder protection insurance](https://swoopfunding.com/ca/business-insurance/shareholder-protection-insurance/): Shareholder protection insurance provides shareholders with the funds to buy shares from each other if one of them are unable to work. Get a quote here.
- [Relevant life insurance](https://swoopfunding.com/ca/business-insurance/relevant-life-insurance/): Relevant life insurance policies are single life, stand-alone ‘death in service’ plans. Learn all about this type of insurance, or get started with Swoop today.
- [Group private medical insurance](https://swoopfunding.com/ca/business-insurance/group-private-medical-insurance/): Group private medical insurance is an employee benefit provided by businesses to their workers and is currently the top-rated perk in the US. Get a quote.
- [Group life insurance](https://swoopfunding.com/ca/business-insurance/group-life-insurance/): Group life insurance, also known as a ‘death in service benefit’, that employers offer to their workers whilst they work for the business. Get a quote today.
- [Group income protection insurance](https://swoopfunding.com/ca/business-insurance/group-income-protection-insurance/): Group income protection insurance enables employers to pay employees a percentage of their income if they are off work for a long time. Read more here.
- [Executive income protection insurance](https://swoopfunding.com/ca/business-insurance/executive-income-protection-insurance/): Executive income protection insurance protects directors & key employees – safeguarding their earnings and preventing financial setbacks. Learn more.
- [What's the difference between public liability and professional indemnity insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/difference-between-public-liability-and-professional-indemnity/): For many US SMEs, sole traders and the self-employed, having both public liability insurance and professional indemnity cover is essential. Read more here.
- [How much public liability insurance do I need?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/how-much-public-liability-insurance-do-i-need/): The amount of public liability insurance you need depends on the industry and the size of your business. Read more here and speak to our experts today.
- [What is public liability insurance?](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/what-is-public-liability-insurance/): Public liability insurance is good for almost all businesses, especially those that interact with the public and work for local councils or the government.
- [Public liability insurance](https://swoopfunding.com/ca/business-insurance/public-liability-insurance/): Public Liability Insurance protects your organisation if someone is injured, or their property is damaged because your services. Read more & get a quote here.
- [Tradesman insurance](https://swoopfunding.com/ca/business-insurance/tradesman-insurance/): Tradesman insurance is a term for a range of business insurances that protect trade professionals. Learn all about it & get a quote here.
- [Warehouse insurance](https://swoopfunding.com/ca/business-insurance/warehouse-insurance/): Warehouse insurance is specialist business insurance that can cover personal injuries, accidental & malicious property damage & more. Read more here.
- [Tool insurance](https://swoopfunding.com/ca/business-insurance/tool-insurance/): Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery & equipment you take to jobs. Learn more here.
- [Construction company insurance](https://swoopfunding.com/ca/business-insurance/construction-company-insurance/): Construction insurance provides cover if someone makes a claim against you, or your business suffers loss, theft or damage to your property. Get a quote here.
- [Third party liability insurance](https://swoopfunding.com/ca/business-insurance/third-party-liability-insurance/): Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business. Learn more & get coverage here.
- [Trade credit insurance](https://swoopfunding.com/ca/business-insurance/trade-credit-insurance/): Trade credit insurance is designed to reduce the risk of non-payment by a company’s customers. Get in touch today & get your trade credit insurance quote.
- [Business contents insurance](https://swoopfunding.com/ca/business-insurance/business-contents-insurance/): Use business contents insurance to replace cash, and pay for new fixtures & fittings, equipment and stock if they’re damaged, lost, or stolen. Get a quote here.
- [Commercial van insurance](https://swoopfunding.com/ca/business-insurance/commercial-van-insurance/): Commercial van insurance is a type of business insurance that can cover your work vans and any personal contents you are carrying. Get your cheap quote here.
- [Occupiers' liability insurance](https://swoopfunding.com/ca/business-insurance/occupiers-liability-insurance/): Occupiers' liability insurance covers the occupier of a commercial premises against personal injury or property damage claims. Learn more & get a quote here.
- [Subcontractor insurance](https://swoopfunding.com/ca/business-insurance/subcontractor-insurance/): Subcontractors’ insurance can cover everything from a sprained ankle or a scraped vehicle, to a major fire or total loss. Read more and get a quote here.
- [Self employed insurance](https://swoopfunding.com/ca/business-insurance/self-employed-insurance/): Self-employed workers include contractors, freelancers, gig workers and sole traders - reducing the risk to your business. Read more and discuss your need here.
- [Professional indemnity insurance](https://swoopfunding.com/ca/business-insurance/professional-indemnity-insurance/): Professional indemnity insurance covers businesses and individuals that advise clients, provide them with vital information and more. Get a quote today.
- [Business equipment insurance](https://swoopfunding.com/ca/business-insurance/business-equipment-insurance/): Business equipment insurance protects you from financial loss in the event that vital tools or equipment are lost, damaged, or stolen. Read more here.
- [Product liability insurance](https://swoopfunding.com/ca/business-insurance/product-liability-insurance/): Product liability insurance can protect your business should the products you provide create a problem for your customers. Read more & get a quote here.
- [Hired in plant insurance](https://swoopfunding.com/ca/business-insurance/plant-machinery-insurance/): Hired-in plant insurance is an insurance that provides financial protection against the loss or damage of hired construction plant and equipment. Get cover.
- [Limited company insurance](https://swoopfunding.com/ca/business-insurance/limited-company-insurance/): Limited company insurance is a term for a range of insurances that can protect businesses from financial loss. Speak to an experts today & get a quote.
- [Employers' liability insurance](https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/): Employers' liability insurance protects you and your employees, should they be injured or become unwell as a result of working. Get a quote today.
- [Do I need business insurance?](https://swoopfunding.com/ca/business-insurance/is-business-insurance-a-legal-requirement/): Every organisations need business insurance, because risk is everywhere and problems usually arrive out of nowhere, giving you no time to prepare. Learn more.
- [Invoice insurance](https://swoopfunding.com/ca/business-insurance/invoice-insurance/): The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out more and talk to an expert today.
- [What is personal guarantee insurance?](https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/what-is-personal-guarantee-insurance/): Personal guarantee insurance is a form of insurance designed to protect business owners and directors who must provide a personal guarantee. Get cover here.
- [What business insurance do I need?](https://swoopfunding.com/ca/business-insurance/what-insurance-do-i-need/): Available to all businesses and to cover almost any eventuality, business insurance is a valuable emergency lifeline, but what do you need? Learn it here.
- [Medical insurance](https://swoopfunding.com/ca/business-insurance/medical-insurance/): Small Business Health Insurance provides access to private healthcare services to keep employees fit & well, keeping the business running. Get a quote here.
- [Personal guarantee insurance](https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/): Almost every Canadian business will need to borrow money at some point. Fortunately, this is where personal guarantee insurance comes in. Read more here.
- [Contractors insurance](https://swoopfunding.com/ca/business-insurance/contractors-insurance/): Available to all contractors and to cover almost any eventuality, comprehensive contractor insurance is a key emergency lifeline. Get a quote today.
- [Key person insurance](https://swoopfunding.com/ca/business-insurance/key-person-insurance/): Key person insurance is an insurance that protects organisations from the financial impact of the loss of a key individual. Read more and get a quote here.
- [Commercial property insurance](https://swoopfunding.com/ca/business-insurance/commercial-property-insurance/): Commercial properties are typically the biggest assets any business has, cover yours was comprehensive commercial property insurance to protect this here.
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## Our partners
- [Dunbridge Financial](https://swoopfunding.com/ca/our-partners/dunbridge-financial/): ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach.
- [SRED Unlimited](https://swoopfunding.com/ca/our-partners/sred-unlimited/): SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively...
- [SRED Unlimited](https://swoopfunding.com/ca/our-partners/sred-unlimited/): SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively...
- [Braithwaite](https://swoopfunding.com/ca/our-partners/braithwaite/): Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the...
- [Braithwaite](https://swoopfunding.com/ca/our-partners/braithwaite/): Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the...
- [Goodlawyer](https://swoopfunding.com/ca/our-partners/goodlawyer/): Goodlawyer Who are Goodlawyer? Goodlawyer is a marketplace for founders who need specialized legal services at a price they can...
---
## Start a business
- [How to choose your title as a business owner](https://swoopfunding.com/ca/start-a-business/how-to-choose-your-title-as-a-business-owner/): Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you?
- [How to start a retail business](https://swoopfunding.com/ca/start-a-business/how-to-start-a-retail-business/): Starting a retail business can be an exciting venture. With good planning and execution, you can find success and meet your target market's needs. Read more.
- [Open a pizza shop](https://swoopfunding.com/ca/start-a-business/open-a-pizza-shop/): Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. Learn more and get started.
- [Graphic design business](https://swoopfunding.com/ca/start-a-business/graphic-design-business/): Setting up your own graphic design business can be an exciting prospect. Here’s everything you need to know about how to start a graphic design business.
- [Start a bakery](https://swoopfunding.com/ca/start-a-business/start-a-bakery/): How can you get the bakery you’ve always wanted to own? Read on to discover all you need to know about starting a bakery business and get started.
- [Open a liquor store](https://swoopfunding.com/ca/start-a-business/open-a-liquor-store/): Suppose your dream is to own a liquor store. Read how do you get there, what hurdles must you cross and most importantly, what will it cost? Get started.
- [Start a brewery](https://swoopfunding.com/ca/start-a-business/start-a-brewery/): With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing each year. Read more and apply here.
- [Restaurant](https://swoopfunding.com/ca/start-a-business/restaurant/): If you're looking to open a restaurant, look no further. Here’s a rundown of the key things you need to know before you take the plunge & become a restauranteur
- [How to get a loan to start a business](https://swoopfunding.com/ca/start-a-business/how-to-get-a-loan-to-start-a-business/): So how does a startup loan work and what do you need to do to get one? Read more here and find out all there's to know about getting a loan to start a business.
- [Laundromat business](https://swoopfunding.com/ca/start-a-business/laundromat-business/): Normally, it'll cost $200,000 to $500,000 to launch a mid-size laundromat. Learn all about the costs, or apply for finance with Swoop here.
- [Vending machine business](https://swoopfunding.com/ca/start-a-business/vending-machine-business/): Vending machines are the stores that never close. Read all there's to know about starting a vending machine business and your finance options here. Get started.
- [How to start a small business](https://swoopfunding.com/ca/start-a-business/how-to-start-a-small-business/): Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider to get your business off the ground. find out more here.
- [Transport business](https://swoopfunding.com/ca/start-a-business/transport-business/): If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take.
- [Nursery business](https://swoopfunding.com/ca/start-a-business/nursery-business/): Do you have a background in childcare and fancy running your own nursery? This guide will explain everything you need to know about starting a nursery business.
- [Moving and removal business](https://swoopfunding.com/ca/start-a-business/moving-and-removal-business/): If you fancy running your own business and you prefer being physically active to sitting at a desk, setting up a removal firm could be right up your street.
- [Makeup business](https://swoopfunding.com/ca/start-a-business/makeup-business/): Starting your own makeup business means you’ll be able to start your own brand. Also, it gives you the freedom to set your own prices & sell in-store or online.
- [Farming business](https://swoopfunding.com/ca/start-a-business/farming-business/): Is it your dream to run your own farm? This guide takes you through the necessary steps to help you understand how to start and finance a farm.
- [Gym business](https://swoopfunding.com/ca/start-a-business/gym/): If you’re a fitness professional and fancy running your own gym, it’s important to understand what’s involved, the costs, and how you’ll finance it.
- [Consulting business](https://swoopfunding.com/ca/start-a-business/consulting-business/): Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. Find out here.
- [Landscaping business](https://swoopfunding.com/ca/start-a-business/landscaping-business/): If you enjoy working outside and want to be your own boss, setting up a landscape business could be an option to explore. Read more here.
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#
# Detailed Content
## Pages
### Credit scores
- Published: 2025-04-29
- Modified: 2025-05-15
- URL: https://swoopfunding.com/ca/credit-builder/
Build your credit & unlock more funding options Better credit helps you borrow more and at better rates. Quickly build your credit score to improve your business's financial health, all without the need for a credit card. Get started Why does my credit score matter for business funding? Your credit score plays a key role in not only your chances of securing funding for your business, but also impacts the cost of funding. Better credit means better rates, better loan terms, and more funding choices! See the difference for yourself: Credit Scores 579 740 Interest Rate 47% 15% Total Interest $4,086. 77 $1,246. 50 Savings - $2,840. 27 Get started Need help improving your credit? We've got you covered No credit check required Small, manageable payments Reports directly to credit bureaus to help boost your score Get started How it works Sign up in a few minutes Your payments get reported with the credit bureaus Your credit score improves, helping you qualify for better funding Get started FAQs What is a credit score? Credit scores provide a snapshot out of 100 of the financial health and creditworthiness of an individual or organisation, calculated by measuring payment and default history, levels of debt, legal problems and more. Banks, major suppliers, and lenders will check your credit score to understand your financial position of the level of risk; better credit scores usually lead to lower interest rates and increased lending options. What impacts my credit score? Your credit score is impacted by...
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### Overdraft calculator
> Our business overdraft calculator can help you estimate the costs associated with using an overdraft facility for your business. Use it free here.
- Published: 2025-04-02
- Modified: 2025-05-15
- URL: https://swoopfunding.com/ca/business-loan-calculator/overdraft-calculator/
Overdraft calculator Our business overdraft calculator can help you estimate the costs associated with using an overdraft facility for your business. It typically considers factors such as the overdraft amount, interest rate, and the duration of use. I want to borrow £ . 00 Term 31 days Interest rate 34 % This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Total cost of your overdraft £0 Get a quote What is a business overdraft? A business overdraft facility is a flexible borrowing arrangement that allows a business to withdraw more money than is available in its bank account, up to a pre-approved limit. It is a form of short-term credit designed to help businesses manage cash flow, cover unexpected expenses, or bridge gaps between income and expenses. Key Features:Pre-agreed Limit: The bank sets a maximum amount the business can overdraw. Interest Charges: Interest is typically charged only on the amount overdrawn, not the full limit. Fees: Some banks charge arrangement or renewal fees for maintaining the overdraft. Repayment Flexibility: Funds can be repaid at any time, reducing interest costs. All calculators ADR calculator APY calculator Acid test ratio calculator Amortisation calculator Asset finance calculator Basis point calculator Break even calculator Business loan calculator Business rate calculator Business savings calculator Business valuation calculator Car finance calculator Car finance settlement calculator Cash flow calculator Commercial mortgage calculator Commercial stamp duty calculator Compound annual growth rate calculator...
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### Business loan for marketing
> A business marketing loan is a type of financing designed to help businesses fund advertising, branding, and promotional activities to attract customers.
- Published: 2025-03-13
- Modified: 2025-03-13
- URL: https://swoopfunding.com/ca/business-loans/marketing-loans/
Business loans for marketing Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products & services. Swoop may receive a commission, which may vary by product but typically in the form of a fixed percentage of the loan amount. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on March 13, 2025. Next review due April 1, 2026. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. The old saw that says advertising pays still rings true. Getting your business name out there, building awareness for your products and services and creating a brand identity that draws in your customers are essential actions to succeed. However, marketing activities can be expensive and for businesses without deep pockets, using valuable working capital to fund an ad campaign or promotion can be...
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### What does working capital requirement measure?
> Your working capital requirement (WCR) measures how much short-term funding your business needs to operate on a daily basis. Read more or apply for funding here
- Published: 2025-02-05
- Modified: 2025-02-20
- URL: https://swoopfunding.com/ca/business-loans/working-capital-loans/what-does-wcr-measure/
What does working capital requirement measure? Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on February 5, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. Short answer: Your working capital requirement (WCR) measures how much short-term funding your business needs to operate on a daily basis. It provides a snapshot of whether you have enough current assets (like cash and receivables) to cover current liabilities (like payables and expenses). But, of course, there’s more to it than just a simple calculation. A clear understanding of your WCR can help you anticipate cash flow gaps, manage operational costs, and plan for sustainable growth. Keep reading to unpack the details on what WCR is, how to calculate it, and why it’s a big part of efficiency in your business. Add a header to begin generating the table of contents What is a working capital requirement (WCR)? Working capital requirement (WCR) is the amount of money a business needs to afford its day-to-day operations. It shows the difference between the current assets and current liabilities that are tied to operational activities, such as managing inventory, collecting payments, and paying suppliers. Think of it this way. If in theory you got all of your household income at the beginning of...
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### Bad credit working capital loans
> it’s still possible to get a working capital loan with bad credit, but you may have to put in more effort and be flexible on the terms. Read how, or apply here.
- Published: 2025-02-04
- Modified: 2025-02-19
- URL: https://swoopfunding.com/ca/business-loans/working-capital-loans/bad-credit-working-capital/
Bad credit working capital loans Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products & services. Swoop may receive a commission, which may vary by product but typically in the form of a fixed percentage of the loan amount. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on February 4, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. It’s hard enough securing funding when you have amazing credit. Having a low credit score can make financing a challenge, especially for small businesses. However, it doesn’t have to stop you from getting the working capital you need to keep your business running smoothly. Whether you’re looking to cover day-to-day expenses or fund growth opportunities, there are financing options available, even if your credit isn’t perfect. Let’s break down what bad credit means, your options for getting a working capital loan, and how Swoop can help. Add a header to begin generating the table of contents What is considered ‘bad credit’? Anything below 600 could...
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### Material handling equipment financing
> Material handling equipment is designed to move all kind of goods and materials from A to B, but this comes at a cost. Find out more, or sign up with Swoop today.
- Published: 2024-10-08
- Modified: 2024-12-11
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/material-handling-equipment-finance/
Material handling equipment finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 8, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Factories, warehouses, airports, seaports, logistics centers and more - in many types of location you’ll see specialised machinery keeping business humming. Material handling equipment is designed to move all kind of goods and materials from A to B, but for smart business owners, these expensive machines all have one thing in common: The best way to buy them is with an equipment lease or loan. Add a header to begin generating the table of contents What is material handling equipment finance? Material handling equipment finance is a form of equipment...
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### Crane equipment finance
> Crane finance is a specialized form of equipment financing, spreading the cost of expensive machinery over time. Read more or apply for crane finance here.
- Published: 2024-10-08
- Modified: 2024-12-10
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/crane-finance/
Crane finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents You see them on construction sites, in factories, on farms and at the port. High, low, mobile or fixed, industrial cranes are everywhere and anywhere – providing major muscle when big things are on the move. Without a doubt, many industries and businesses could not function without these huge machines. But with price tags often in the $millions, buying them out of working capital can often be impossible – which is why savvy business owners use crane finance to take the strain. Add a header to begin generating the table of contents What is crane finance? Crane finance is a specialized form of equipment financing, Designed for businesses in the construction, manufacturing, agriculture, marine, logistics and other heavy equipment industries, this type of financing allows companies to acquire cranes and related machinery without making a major dent in cash reserves. By spreading the cost of expensive machinery over time, crane finance helps businesses preserve working capital and better manage their cash flow while ensuring access to essential equipment. What types of finance are available for cranes? Just as there are many types of crane, so there are many...
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### Supercar finance
> They go fast, they look great and they cost far more than your typical daily driver. Read more about supercar finance, or arrange your exotic car finance here.
- Published: 2024-10-04
- Modified: 2024-12-11
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/supercar-finance/
Supercar finance How much finance do you need? Asset value $ Asset type Name Email Contact number Send me updates on products, news and information on selected partners. By clicking this button, you agree to our Privacy policy & Terms of use. Thanks for registering. We'll get back to you straight away Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. They go fast, they look great and they cost far more than your typical daily driver. Supercars are in a different league when it comes to automobiles. But how do you buy one without spending piles of cash? Read on to find out more about supercar financing and what you need to qualify. Add a header to begin generating the table of contents What cars are classed as supercars? Supercars, exotic cars, and hypercars, are all part of an elite class of automobile that pushes the boundaries of luxury, performance, rarity, styling...
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### Invoice factoring vs. invoice discounting: What's the difference?
> When businesses need to improve cash flow, two common solutions are invoice factoring and invoice discounting, but which is right for you? Find out here.
- Published: 2024-10-03
- Modified: 2025-05-02
- URL: https://swoopfunding.com/ca/business-loans/invoice-factoring/factoring-vs-discounting/
Invoice factoring vs. invoice discounting: What's the difference? Add a header to begin generating the table of contents Page written by Ashlyn Brooks. Last reviewed on May 2, 2025. Next review due April 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is a personal finance writer with experience in business and consumer taxes, retirement, and financial services to name a few. She has been published in USA Today, Kiplinger and Investopedia. When businesses need to improve cash flow, two common solutions are invoice factoring and invoice discounting. While both options allow companies to access the funds tied up in unpaid invoices, they operate in distinct ways. This guide will explain the difference between factoring and discounting, helping you decide which option best suits your business needs. Add a header to begin generating the table of contents What is invoice factoring? Invoice factoring involves selling your unpaid invoices to a third-party company (called a factor) at a discounted rate. In exchange, the factor provides your business with a significant portion of the invoice's value upfront, typically 70-90%. The factor then assumes responsibility for collecting payment from your customers. Once the customer pays the invoice, the factor will give you the remaining balance minus their fees. Invoice factoring is ideal for businesses that need quick access to cash and want to offload the burden of managing collections. However, since the factor interacts directly with your customers, it can impact customer relationships if you’re not careful. What is invoice discounting? Invoice discounting, on...
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### Car finance settlement calculator
- Published: 2024-09-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/car-finance-settlement-calculator/
Car finance settlement calculator Our free car finance settlement calculator can help you estimate your final outstanding payment to clear your outstanding finance. Original loan amount $ . 00 Length of agreement 36 months Monthly payments $ . 00 Final repayment $ . 00 Number of payments made 6 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Total payments so far $0 Outstanding amount (settlement) $0 Annual percentage rate (APR) 0% Get a quote How to calculate car finance settlement This amount includes the remaining balance, interest, and any early settlement fees. Here's a general formula to calculate the settlement amount manually:Outstanding balance: Start with the total amount still owed on the loan. Early repayment interest: This can vary based on the lender but is often a portion of the remaining interest on the loan. Early settlement fee: Some lenders may charge a fee for early repayment. The calculation would look like the below:Settlement Amount = Outstanding Balance + Interest Adjustment + Early Settlement Fee All calculators ADR calculator APY calculator Acid test ratio calculator Amortization calculator Asset finance calculator Auto loan calculator Basis point calculator Break even calculator Business loan calculator Business valuation calculator CEBA loan forgiveness calculator Car finance calculator Car finance settlement calculator Cash flow calculator Commercial mortgage calculator Compound annual growth rate calculator Compound interest calculator Cost of equity calculator Currency converter Debt service coverage ratio calculator Depreciation calculator...
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### Car finance calculator
- Published: 2024-09-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/car-finance-calculator/
Car finance calculator Our free car finance calculator can help you estimate your monthly repayments when taking out finance. Repayments Total borrow Amount borrowed $ . 00 Loan term 5 years Annual percentage rate 10% How much can you repay each month? $ . 00 Loan term 5 years Annual percentage rate 10% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Monthly repayments $0 Interest payments $0 Total amount $0 Amount you could borrow $0 Interest payments $0 Total amount $0 Get a quote How to calculate car finance payments To calculate your monthly asset finance costs, you'll need the following:Car Price: The total price of the vehicle. Deposit: The amount you're putting down upfront. Loan Term: The number of months or years over which you plan to repay the loan. Interest Rate: The percentage the lender charges on the loan. Final Balloon Payment (Optional): A large payment at the end of some car finance agreements (like PCP). All calculators ADR calculator APY calculator Acid test ratio calculator Amortization calculator Asset finance calculator Auto loan calculator Basis point calculator Break even calculator Business loan calculator Business valuation calculator CEBA loan forgiveness calculator Car finance calculator Cash flow calculator Commercial mortgage calculator Compound annual growth rate calculator Compound interest calculator Cost of equity calculator Currency converter Debt service coverage ratio calculator Depreciation calculator (straight-line method) Development finance calculator EBITDA calculator Franchise loan calculator Inflation...
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### Visiting Angels
> Visiting Angels specializes in care services to clients in the comfort of their own home. They claim to be the #1 provider. Read more here and get started.
- Published: 2024-06-17
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/visiting-angels/
Visiting Angels franchise Hassle-free business loans to start your Visiting Angels franchise. Get started Visiting Angels specializes in the delivery of care services to clients in the comfort of their own home. They claim to be the #1 ranked provider in senior care industry. Visiting Angels business details Visiting Angels were founded in 1991 and are based in Bryn Mawr, Pennsylvania. They have offered franchise opportunities since 1998. The company provides non-medical professional care services to adult clients, with caregivers working in their clients’ homes. As well as Canada, Visiting Angels operate in Mexico, South Korea and the UK. They currently support over 15,000 clients and employ almost 16,000 caregivers worldwide. Visiting Angels at a glance:Stores worldwide: More than 800Required Investor net worth: $110,000Required investor liquid cash: $110,000Min. investment: $125,000Max. investment: $171,000Standard franchise term: 10 years Can I start a Visiting Angels franchise? Starting a Visiting Angels franchise must be one of the easier business opportunities to get into. You’ll need a minimum net worth and liquid cash requirements of $110k each and you must rent or purchase a commercial location as your administration hub. But after that, there are few hurdles left to climb. Visiting Angels do not ask that franchisees have previous experience in the care industry, and you do not need a medical license to operate a care company (although that obviously would be an advantage). Franchise owners are also not required to participate in the daily running of the office. You can hire a manager to...
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### Pizza Hut
> Pizza Hut is a big player in the growing pizza industry it operates in more than 100 countries. Learn all about its franchise options with Swoop.
- Published: 2024-06-17
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/pizza-hut/
Pizza Hut franchise Hassle-free business loans to start your Pizza Hut franchise. Get started Second only to Domino’s, Pizza Hut is a major player in the globe’s growing pizza industry. The company operates in more than 100 countries. Pizza Hut business details Pizza Hut began life as a single restaurant in Wichita, Kansas in 1958. More than 65 years later, the company has corporate headquarters in Plano Texas, over 580 stores in Canada and more than 19,000 outlets worldwide. Pizza Hut have offered franchise opportunities since 1959 and are a wholly owned subsidiary of global conglomerate, Yum Brands. Pizza Hut at a glance:Canadian stores: More than 580Required Investor net worth: $700,000Required investor liquid cash: $350,000Min. investment: $412,000Max. investment: $2,053,000Standard franchise term: 10 years Can I start a Pizza Hut franchise? Like all the major fast-food brands, getting into a Pizza Hut franchise can be expensive. You’ll also need a minimum net worth of $700k and liquid cash of $350k or more. As well as the steep financial requirements, the company prefers franchisees who have solid experience in the hospitality industry and, ideally, have previously worked in a managerial or supervisory capacity in a Pizza Hut store. They also like their franchisees to take an active role in the daily running of the restaurant. This franchise may not be suitable for passive investment. How much does a Pizza Hut franchise cost? Pizza Hut set-up costs vary from a modest $412,000 to an eye-watering $2,053,000 depending on the location, size and type...
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### Jan-Pro
> Jan-Pro are a franchised cleaning and janitorial services organization, and worth $96 billion per year. Read all about the franchise here.
- Published: 2024-06-13
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/jan-pro/
Jan-Pro franchise Hassle-free business loans to start your Jan-Pro franchise. Get started Jan-Pro are a franchised cleaning and janitorial services organization. They claim to be North America’s #1 commercial cleaning business. Jan-Pro business details Jan-Pro was founded in 1991 and they have offered franchise opportunities since 1992. They are headquartered in Alpharetta, Georgia. The company primarily provides cleaning and disinfecting services to institutional, industrial and other commercial customers. Jan-Pro at a glance:Stores: 12,000 worldwideRequired Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $4,900Max. investment: $78,100Standard franchise term: 10 years Can I start a Jan-Pro franchise? With a minimum investment of less than $5k, no liquid cash or net worth requirements and no need for previous commercial experience, a Jan-Pro franchise must be one of the easiest businesses to get up and running. Many Jan-Pro franchisees operate as small, family or even single-person operations, (although you can buy a Regional Developer/Master Franchisee and have many single-unit operators under your wing and paying you each month). Jan-Pro says you can run this business and still keep your day job, so it could work well as a semi-passive investment or as a side hustle to bring in extra income. How much does a Jan-Pro franchise cost? Certainly one of the more affordable business opportunities, the set-up costs for a single Jan-Pro franchise range from $4,900 up to $78,100 depending on the size of your operating territory. This cost ranks as very low. The franchise fee ranges from $2,520 up to...
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### Fastsigns
> Fastsigns produce custom signs and marketing materials for businesses in Canada and seven other countries. Read all about it here and get started.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/fastsigns/
Fastsigns franchise Hassle-free business loans to start your Fastsigns franchise. Get started Fastsigns produce custom signs and marketing materials for businesses in Canada and seven other countries. They claim to be the leaders in a market worth $29 billion per year. Fastsigns business details Fastsigns were launched in 1985 and they have offered franchise opportunities since 1986. They are headquartered in Carrollton, Texas. The company designs, produces, installs and maintains all types of sign as well as producing other graphic and marketing materials and further complementary products. The organization has more than 765 outlets across the globe, including the US, the UK, Chile, Grand Cayman, Puerto Rico and more. Fastsigns at a glance:Stores: More than 765Required Investor net worth: $300,000Required investor liquid cash: $80,000Min. investment: $240,000Max. investment: $310,000Standard franchise term: 10 years Can I start a Fastsigns franchise? With reasonable liquid cash and net worth requirements and affordable set-up costs, starting a Fastsigns franchise may be possible for many entrepreneurs. Fastsigns do not require previous experience in the signage industry, although having owned or managed a business before would clearly be an advantage. The company mandates that either the franchisee or their designated manager is on site to oversee the daily running of the store and to liaise with business customers. After the initial set-up period, you could operate this franchise as a passive investment. How much does a Fastsigns franchise cost? Set-up costs for a Fastsigns franchise range from $240,000 to $310,000 depending on the size of your store...
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### Domino's
> In the highly competitive world of pizza retailing, Domino’s are the big boys on the block. Learn all about this type of franchise here.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/dominos/
Domino's franchise Hassle-free business loans to start your Domino's franchise. Get started In the highly competitive world of pizza retailing, Domino’s are the big boys on the block. In both sales and store numbers they are #1, well ahead of rivals such as Pizza Hut. Domino's business details Domino’s began life in 1960 in Ypsilanti, Michigan as a single pizza restaurant. Today, the company is headquartered in Ann Arbor, Michigan and operates in over 90 other countries. With more than 20,000 outlets globally, Domino’s are by far the largest pizza company in the world. They have offered franchise opportunities since 1967. Domino's at a glance:Canadian stores: More than 340Required Investor net worth: $250,000Required investor liquid cash: $80,000Min. investment: $260,000Max. investment: $350,000Standard franchise term: 10 years Can I start a Domino's franchise? You can get into a Domino’s pizza franchise for relatively low dollars and the minimum $80k liquid cash and $250k net worth requirements should not be an issue for many investors. However, you face a major roadblock if you have never worked for this company. Domino’s currently only offer new franchise licenses to entrepreneurs who have a minimum of one years’ experience working at a Domino’s store in a general manager or supervisor capacity. In other words, you need to be in this club to join this club, making it very difficult for outsiders to gain entry. Domino’s also expect franchisees to play a major role in the daily running and success of the store. This opportunity is not...
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### Comfort Keepers
> Comfort Keepers are an international care provider and a wholly owned subsidiary of global food and services conglomerate. Read all about the franchise here.
- Published: 2024-06-13
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/comfort-keepers/
Comfort Keepers franchise Hassle-free business loans to start your Comfort Keepers franchise. Get started Comfort Keepers are an international care provider and a wholly owned subsidiary of global food and services conglomerate, Sodexo. The company specializes in the delivery of care services to clients and patients in the comfort of their own home. Comfort Keepers have more than 700 offices worldwide and operate in 10 countries including the UK, the US, Australia, Norway and Singapore. Comfort Keepers business details Launched in 1998 and headquartered in Irvine, California, Comfort Keepers have offered franchise opportunities since 1999. The organization delivers in-home care for the elderly and other adults who need assistance in daily living, including homemaker/companionship care, personal care, and with personal technology services and equipment. Some Comfort Keepers franchises also provide trained nurses to deliver more attentive services, including respite care, senior health and wellbeing care and other private nursing duties. Comfort Keepers at a glance:Stores: More than 700Required Investor net worth: $300,000Required investor liquid cash: $100,000Min. investment: $105,000Max. investment: $176,000Standard franchise term: 10 years Can I start a Comfort Keepers franchise? You can start a Comfort Keepers franchise for fairly low dollars and the liquid cash and net worth requirements should be well within the reach of many entrepreneurs at $100k and $300k, respectively. Comfort Keepers do not mandate that new franchise owners have previous care-provider experience or possess any medical credentials, although either of these attributes would be an added advantage. Franchisees must employ a minimum of two staff...
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### CertaPro
> CertaPro Painters is a painting and decorating business, providing building improvement services to residential & commercial customers. Learn more.
- Published: 2024-06-13
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/certapro/
CertaPro Painters franchise Hassle-free business loans to start your CertaPro franchise. Get started CertaPro Painters are an international painting and decorating business. Via their network of franchised contractors they provide building improvement services to residential and commercial customers. The company claims a 2% share of a US and Canadian painting market that’s worth $60 billion per year. CertaPro Painters business details Founded in Canada in 1992 and with headquarters in Audubon, Pennsylvania, CertaPro have offered franchise opportunities since inception. With a core focus on providing painting services to residential and commercial customers, CertaPro also provide other home and business improvement services – including drywall repairs, brick painting, concrete staining, light carpentry and stucco repairs. The company claims to be the largest residential and commercial painting company in North America, with more than 450 franchise locations across the US and Canada. CertaPro Painters at a glance:Stores: Approximately 450Required Investor net worth: $250,000Required investor liquid cash: $85,000Min. investment: $155,000Max. investment: $302,000Standard franchise term: 10 years Can I start a CertaPro Painters franchise? You’ll need $85k in liquid cash and a net worth of a quarter of a million dollars. You’ll also face a hefty franchise fee and marketing and other admin costs. Other than that, CertaPro say you do not need previous experience in the painting and decorating industry, although a history of running your own business would be helpful. CertaPro expect franchisees to operate their business using self-employed contract labor. You can also appoint a designated manager to oversee daily operations....
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### Cinnabon
> Cinnabon operate quick-service bakeries that sell their world famous fresh-baked cinnamon rolls. Read all about the franchise here, or apply for funding.
- Published: 2024-06-13
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/cinnabon/
Cinnabon franchise Hassle-free business loans to start your Cinnabon franchise. Get started Cinnabon operate quick-service bakeries that sell their world famous fresh-baked cinnamon rolls, plus a range of other cakes and pastries and beverages. Cinnabon business details Launched in Seattle, Washington in 1985, Cinnabon are now headquartered in Atlanta, Georgia. They have offered franchise opportunities since 1986. Cinnabon claims to be the world’s largest seller of cinnamon flavored pastries. They rank #49 in the list of world’s biggest fast food retailers, behind other global bakeries. At the end of 2023 the company had 22 outlets across Canada. They operate in 57 countries worldwide. Cinnabon at a glance:Canadian stores: 22Required Investor net worth: $400,000Required investor liquid cash: $120,000Min. investment: $255,000 (full bakery)Max. investment: $657,000 (full bakery)Standard franchise term: 20 years Can I start a Cinnabon franchise? You’ll need a minimum net worth of $400k, liquid cash of $120k and be prepared to spend close to $700k to get a full Cinnabon bakery off the ground. (Although you may start a simpler Express Cinnabon location for as little as $60,000). The company prefers franchisees who have previous experience in running a business or hospitality and they say they’re seeking franchise-owners who are ‘people orientated’, (which means you genuinely care about your customers and your team). Although franchisees are not required to manage the daily operations of their store, Cinnabon does not recommend this opportunity for candidates seeking a remote investment. How much does a Cinnabon franchise cost? Cinnabon offer six types of...
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### Currency converter
> Our free currency converter can help you stay on top of exchange rates, whether you're planning a vacation, making an online purchase, or conducting business.
- Published: 2024-06-12
- Modified: 2024-07-11
- URL: https://swoopfunding.com/ca/business-loan-calculator/currency-converter/
Currency converter Our free currency converter is here to help you stay on top of exchange rates, whether you're planning a vacation, making an online purchase, or conducting global business. Page written by Ian Hawkins. Last reviewed on July 11, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Origin currency Destination currency Amount to convert $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Converted amount $ 0 Get a quote Key terms Here’s a handy list of key terms you should know about foreign currency exchange:Exchange rate: The value of one currency expressed in terms of another. For instance, how many...
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### Transworld Business Advisors
> Transworld Business Advisors are a consulting organization. They help small business owners to grow, buy or sell their businesses. Get started today.
- Published: 2024-05-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/transworld-business-advisors/
Transworld Business Advisors franchise Hassle-free business loans to start your Transworld Business Advisors franchise. Get started Transworld Business Advisors are a franchised consulting organization. They help small business owners to grow, buy or sell their businesses. Transworld claims to have sold more than 10,000 businesses since 1979 and have over 500 brokers and more than 200 offices worldwide. Transworld Business Advisors business details Launched in 1979 and headquartered in West Palm Beach, Florida, Transworld Business Advisors have offered franchise opportunities since 2010. The company specializes in the brokerage of small and medium sized businesses, acting as advisors to help business owners get the most from the businesses they own. They are largest organization of this type in Canada, and they claim to be the #1 franchise in the sector according to Entrepreneur magazine. Transworld Business Advisors at a glance:Worldwide stores: Approximately 500Required Investor net worth: not statedRequired investor liquid cash: $100,000Min. investment: $97,000Max. investment: $122,000Standard franchise term: 35 years Can I start a Transworld Business Advisors franchise? With only $100,000 in cash and no minimum net worth required, plus a highly affordable cost of entry, getting into a Transworld agency is not difficult. However, there is one consideration that may be a barrier for some potential franchisees; although Transworld state that previous business broker experience is not essential, some states require that business brokers have a real estate license. This means specialized training may be necessary depending on your location. Transworld also expects their franchisees to have direct involvement in...
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### Signal
> Signal is a franchised private security company offering a range of security options to residential and business customers. Read more here.
- Published: 2024-05-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/signal/
Signal franchise Hassle-free business loans to start your Signal franchise. Get started Signal is a franchised private security company offering a range of security options to residential and business customers. Signal claims to be Entrepreneur magazine’s #1 security franchise with 26% growth year on year and network gross revenues of $267 million in 2023. Signal business details Headquartered in Omaha, Nebraska, Signal, (previously known as Signal 88 Security), was founded in 2003. The company has offered franchise opportunities since 2008. Signal competes with other home and business security companies, providing security patrols and surveillance, security consulting, executive protection, and training in personal safety, risk avoidance, and threat management for residential and commercial customers. At the end of 2023, the business had more than 1,000 offices and +4,600 customers spread across the globe. Signal at a glance:Offices: More than 1000Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $57,000Max. investment: $273,000Standard franchise term: 3 years Can I start a Signal franchise? Starting a Signal security franchise is affordable, with investments that start as low as $57k. Additionally, the company does not mandate a minimum net worth or liquid cash requirement. However, be aware that franchise fees for this opportunity can be steep depending on the size of your franchise territory. Average start-up fees paid to Signal are $70,000 and you will then need to cover other costs and carry overhead for three to six months until you can secure enough customers to break even. Expect to pay at...
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### Popeyes franchise
> Popeyes operates quick-service restaurants that offer a ‘Louisiana- style’ menu. Learn more about it here and get started.
- Published: 2024-05-29
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/popeyes/
Popeyes franchise Hassle-free business loans to start your Popeyes franchise. Get started Popeyes Louisiana Kitchen, more simply known as Popeyes, operates quick-service restaurants that offer a ‘Louisiana- style’ menu featuring spicy chicken, biscuits, fried shrimp and other quick-service menu items. Popeyes business details Popeyes was launched in 1972 and have been offering franchise opportunities since 1976. Their corporate headquarters are in Miami, Florida. A major name in the chicken restaurant industry, they have over 348 Canadian locations and also operate in the UK, France, Czech Republic, Poland, Romania, Spain and Switzerland. Total outlets are more than 4,000. Popeyes at a glance:Canadian stores: 348Required Investor net worth: $1,000,000Required investor liquid cash: $500,000Min. investment: $470,000Max. investment: $3,875,000Standard franchise term: 20 years Can I start a Popeyes franchise? You’ll need at least half a million dollars in liquid cash and a net worth of at least double that. You’ll also need access to some serious financing to cover start-up costs that can approach $4 million. Apart from that, you’ll also need previous experience at running multi-unit restaurants, permanent residence in the area where your restaurants are located and ‘consistent involvement in local community initiatives’. Lastly, as you may expect after all this, you’ll be expected to take a hands-on, active role in running the business. This is serious franchising. It is not an opportunity for passive investment. How much does a Popeyes franchise cost? Like all the major fast food brands, getting into a Popeyes chicken n’ biscuits franchise is not cheap. Expect...
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### Kumon franchise
> Kumon is the world’s largest provider of supplementary education, they improve the teaching children receive in school. Learn all about it here.
- Published: 2024-05-29
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/kumon-franchise/
Kumon franchise Hassle-free business loans to start your Kumon franchise. Get started Kumon is the world’s largest provider of supplementary education. Their learning centers enhance the teaching children receive in regular school by using a proprietary ‘just right’ learning method that was created by the company’s founder in 1954. Kumon business details Launched in 1958 and headquartered in Ridgefield Park, New Jersey, Kumon has offered franchise opportunities since inception. Via their franchised learning centers, the business provides after-school math and reading tutoring to children aged two years up to pre-university. Kumon operates in 62 countries and has more than 27,000 learning centers across the globe. Kumon at a glance:Centers: More than 27,000Required Investor net worth: $150,000Required investor liquid cash: $70,000Min. investment: $67,200Max. investment: $145,600Standard franchise term: 5 years Can I start a Kumon franchise? Kumon franchises have to be one of the most affordable opportunities available. Liquid cash requirements are only $70k and minimum net worth is $150k. Set-up costs are equally modest. Heck, even the initial franchise fee is low-cost. But apart from the money, what else do you need? Kumon does not demand that franchise owners have educational experience or qualifications, (although you must have at least a bachelor’s degree). Instead, the company wants franchisees that have a passion for working with children and believe in Kumon’s mission of helping kids become independent, self-assured and confident. They also say that many of their franchisees have previous experience running a business. Lastly, the company expects their franchisees to make...
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### Chem-Dry franchise
> Chem-Dry is a carpet cleaning business in North America, offering entrepreneurs the chance to grab a piece of an industry worth $6.6 billion. Read more.
- Published: 2024-05-23
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/chem-dry-franchise/
Chem-Dry franchise Hassle-free business loans to start your Chem-Dry franchise. Get started Chem-Dry is a franchised carpet cleaning business. They claim to be the best carpet cleaning franchise in North America, offering entrepreneurs the chance to grab a piece of an industry worth $6. 6 billion per year. Chem-Dry business details Launched in 1977 and now headquartered in Nashville, Tennessee, Chem-Dry have offered franchise opportunities since 1978. Franchisees operate a mobile business, using branded vehicles to visit residential and commercial premises to provide carpet cleaning, upholstery cleaning, spot removal, protective services and other authorized services. Currently, they have over 3500 locations worldwide and has operations in more than 30 countries. Chem-Dry at a glance:Stores: More than 3500Required Investor net worth: not statedRequired investor liquid cash: $30,000Min. investment: $72,000Max. investment: $254,000Standard franchise term: 5 years Can I start a Chem-Dry franchise? You won’t need deep pockets to get into your Chem-Dry franchise. After covering the franchise fee, new business owners are required to show liquid cash reserves of only $30k. There is no minimum net-worth requirement or any need for previous cleaning industry experience. Additionally, because Chem-Dry is a mobile business there are minimal real estate costs. You could operate your Chem-Dry business from your own home or a low-cost industrial unit. There’s no need for an expensive main street retail outlet. Best of all, Chem-Dry does not require franchisees to manage the day-to-day running of the business. You can hire someone to do that for you. This makes a Chem-Dry...
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### Burger King
> Famed for their flame-grilled burgers and other fast-food delights, Burger King has been around for many years and shows no signs of slowing down. Learn more.
- Published: 2024-05-23
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/burger-king/
Burger King franchise Hassle-free business loans to start your Burger King franchise. Get started Famed for their flame-grilled burgers and other fast-food delights, Burger King has been around for 70 years and shows no signs of slowing down. The company is on track to reach $60 billion in annual global sales by 2028. Burger King business details Launched in 1954 and headquartered in Miami, Florida, Burger King has offered franchise opportunities since inception. Second only to McDonald’s in the global sandwich stakes, Burger King is a fast food giant, operating more than 19,000 locations in over 100 countries around the world. Burger King at a glance:Canadian stores: More than 380Required Investor net worth: at least $1,000,000Required investor liquid cash: $500,000 min. Min. investment: $250,000Max. investment: $4,670,000Standard franchise term: 20 years Can I start a Burger King franchise? Burger King offers four types of franchise, ranging from a full-scale eat-in restaurant to a simple, delivery and pickup facility. As a result, costs vary significantly – going from a very affordable $250,000 up to an eye-watering $4,670,000 – ranking Burger King start-up costs as low to very high. The franchise fee ranges from $2,500 to $50,000. There are no franchise fee discounts for military veterans. Burger King franchise options: Traditional Burger King Restaurant Facility: A self-contained, full size Burger King restaurant which is located and operated on a site as a freestanding building or within another building structure such as a shopping mall. Non-Traditional Burger King Facility: A non-traditional Burger King restaurant...
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### Anytime Fitness
> Anytime Fitness offer customer access to fitness centers that provide one to one and group exercise programs, coaching, recovery training etc. Learn more.
- Published: 2024-05-23
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/anytime-fitness/
Anytime Fitness franchise Hassle-free business loans to start your Anytime Fitness franchise. Get started Anytime Fitness claims to be the world’s largest and fastest-growing health club franchise and they are considered a giant in the fitness and wellness industry. Anytime Fitness business details Anytime Fitness is a business based in Woodbury, Minnesota. They offer 24/7 customer access to franchised fitness centers that provide one to one and group exercise programs, coaching, recovery training and other services such as automated tanning booths, vending services, and reciprocal benefits between centers. They have more than 5,000 locations around the world and claim a presence on all seven continents. The company has offered franchise opportunities since 2002. Anytime Fitness at a glance:Canada stores: More than 250 Required Investor net worth: $380,000Required investor liquid cash: $65,000Min. investment: $400,000Max. investment: $975,000Standard franchise term: 6 years Can I start an Anytime Fitness franchise? Anytime Fitness are seeking franchisees with a net worth of at least $380,000, liquid assets of $65k, and a willingness to spend up to $1 million to get their new fitness business off the ground. The company says you don’t need previous fitness industry experience to qualify, but they ask that franchisees are passionate about fitness and are excited to help others achieve their wellness goals. Franchisees are also expected to play an active role in building and managing the business, which means this opportunity is not suitable for passive investment. How much does an Anytime Fitness franchise cost? Start-up costs for an Anytime...
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### Signarama
> Signarama is a franchised printing and sign-making business producing and selling magnetic, paper and laminated signs. Learn all about the franchise here.
- Published: 2024-05-09
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/signarama/
Signarama franchise Hassle-free business loans to start your Signarama franchise. Get started Signarama is a franchised printing and sign-making business. They produce and sell magnetic, paper and laminated signs, plus a wide range of other products such as banners and posters, retail displays, store fronts and electric and neon signs. Signarama business details Signarama began in 1986 in Farmingdale, New York and has offered franchise opportunities since 1987. Today they are headquartered in West Palm Beach, Florida. Claiming to be a leader in their industry, the company operates across Canada and in 30 other countries. They currently have 43 Canadian locations and more than 270 outlets in international markets, including the UK, France and Australia. Signarama at a glance:Canadian stores: 43Required Investor net worth: Not statedRequired investor liquid cash: $60,000Min. investment: $250,000Max. investment: $340,000Standard franchise term: 35 years Can I start a Signarama franchise? If you have at least $60k in liquid capital and you can cover start-up costs that can be more than $300,000, then you can start a Signarama franchise. The company allows investors to designate a principal manager to take the necessary training and control the day-to-day running of your store, so this makes a Signarama franchise suitable for passive investment. How much does a Signarama franchise cost? Signarama franchises come in at the affordable end of the cost spectrum, with an initial investment that can vary from $250,000 to $340,000 – a set-up cost that ranks as low. The initial franchise fee is $49,500. Military veterans...
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### Paris baguette
> Paris Baguette is a franchised café/bakery organisation that sell a variety of French-inspired pastries, cakes, sandwiches and more. Learn it all here.
- Published: 2024-05-09
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/paris-baguette/
Paris baguette franchise Hassle-free business loans to start your Paris baguette franchise. Get started Paris Baguette is a franchised café/bakery organisation who operate modern and inviting eateries that sell a variety of French-inspired breads, pastries, cakes, sandwiches and other products. Paris baguette business details Originally founded in South Korea in 1986 and now headquartered in Moonachie, New Jersey, Paris Baguette has offered franchise opportunities since inception. Claiming to deliver a better café/bakery customer experience than competitors. The company has more than 4,000 locations worldwide and is aiming to surpass 1,000 cafés in the US and Canada by 2030. They added 40 new locations in 2023. Paris Baguette at a glance:Canadian stores: 6Required Investor net worth: $1,500,000Required investor liquid cash: $500,000Min. investment: $653,000Max. investment: $1,750,000Standard franchise term: 10 years Can I start a Paris baguette franchise? You’ll need a minimum net worth of $1,500,000 and liquid cash of at least half a million dollars. You’ll also need to meet start-up costs that can run close to $2 million. Paris Baguette allows franchisees to designate a principal manager to take the necessary training and manage the day-to-day operations of the café. This makes this franchise suitable for passive investment. How much does a Paris baguette franchise cost? This is a chain that likes to keep things authentic, and they’ve managed that right through to the initial investment. Like almost everything else in their namesake city, opening a Paris Baguette franchise is not cheap. Start-up costs range from $650,000 to $1,750,000, ranking as...
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### Papa John's
> Papa John’s is a pizza business giant that offers consumers eat-in dining, delivery or takeout services for pizzas and much more. Read all about it here.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/papa-johns/
Papa John's franchise Hassle-free business loans to start your Papa John's franchise. Get started Papa John’s is a pizza business giant with almost 6,000 locations worldwide. The brand offers consumers eat-in dining, delivery or takeout options and a choice of products that include pizzas, chicken wings, and garlic bread. Novus Glass business details Headquartered in Louisville, Kentucky, Papa John’s began in 1984 and has offered franchise opportunities since 1985. They are the third largest pizza chain, behind Domino’s and Pizza Hut. In 2022 the business had sales of more than $3. 6 billion with average sales per store of more than $1 million per year. Papa John's at a glance:Stores: Almost 6,000Required Investor net worth: $750,000Required investor liquid cash: $250,000Min. investment: $130,000Max. investment: $975,000Standard franchise term: 10 years Can I start a Papa John's franchise? Getting into a Papa John’s franchise is not exactly a walk in the park. To start with, you’ll need fairly deep pockets to meet the start-up costs, which can run to almost one million dollars depending on the type of store you choose and where you are located. You’ll also need at least $250k in liquid cash and net worth of $750,000. Then, if you can cover the financial requirements, Papa John’s also expects that at least one franchise partner should have a business background and one partner must have substantial restaurant or retail management experience. Lastly, the company prefers franchisees who will operate at least five Papa John’s outlets, and you’ll need to live...
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### Novus Glass
> Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. Read all about the franchise here and get started.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/novus-glass/
Novus Glass franchise Hassle-free business loans to start your Novus Glass franchise. Get started Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. With more than 44 million windshields repaired since 1972, the company claims to be the global leader in their market. Novus Glass business details Novus Glass is headquartered in St. Paul, Minnesota. They’ve offered franchise opportunities since 1985. Best known for their auto glass repair services, they also offer commercial and residential glass replacement plus a mix of other automotive aftermarket products and services. They currently operate in 30 countries and have more than 1300 locations worldwide. Novus Glass at a glance:Stores: More than 1300Required Investor net worth: $150,000Required investor liquid cash: $30,000Min. investment: $59,000Max. investment: $274,000Standard franchise term: 10 years Can I start a Novus Glass franchise? Novus Glass say you don’t need previous experience in the automotive service industry to successfully operate one of their glass replacement outlets, and with a requirement of $30,000 liquid cash and $150,000 net worth, the financial hurdles to ownership are low. However, keep in mind that many businesses offer auto glass repair in Canada, which has grown by since 2019, the competition for customers could be challenging – as evidenced by this franchise’s failure rate, which is 23% by year three. How much does a Novus Glass franchise cost? A Novus Glass franchise is affordable, requiring an initial investment that ranges from $59,000 up to $274,000 (a cost that includes a vehicle fee that...
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### Minuteman Press
> Minuteman Press is a franchise network that provides printing and related business services to companies and the public. Read more about it with here.
- Published: 2024-05-07
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/minuteman-press/
Minuteman Press franchise Hassle-free business loans to start your Minuteman Press franchise. Get started Minuteman Press is a retail franchise network. Their stores provide printing and related business services to companies and the general public across the US, the UK, Australia and South Africa. Minuteman Press business details Launched in 1973 and headquartered in Farmingdale, New York, Minuteman Press has offered franchise opportunities since 1975. Minuteman business centers offer varied printing and marketing services, including digital printing, design, finishing, mailing, advertising specialty items, and marketing communications. More than 50 years after opening, the business is still family owned. Minuteman Press at a glance:Total stores: Approximately 1000Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $45,000 Max. investment: $150,000Standard franchise term: 35 years Can I start a Minuteman Press franchise? You can get into a Minuteman Press franchise for as little as $45,000 if you choose to lease your service center’s equipment, making this opportunity highly affordable. The company says previous experience in the printing or business services industry is not necessary to operate one or more of their franchised stores. However, they do demand that the franchisee is fully involved in the management and development of the business, although you can designate a manager to take the necessary training and take care of the day-to-day operation of the store. This means a Minuteman Press franchise may be suitable for passive investment. How much does a Minuteman Press franchise cost? The initial start-up costs for a Minuteman Press...
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### KFC
> KFC is one of the world’s best known fast food brands that sell fried chicken and related food and drink products. Learn all about the franchise here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/kfc/
KFC franchise Hassle-free business loans to start your KFC franchise. Get started KFC is one of the world’s best known fast food brands. Via company owned and franchised restaurants they sell fried chicken and related food and drink products at more than 29,000 locations in 147 countries. Global revenues exceeded 33 billion dollars in 2023. KFC business details Colonel Harland Sanders opened the first franchised Kentucky Fried Chicken restaurant in Salt Lake City, Utah in 1952. More than 70 years later, the name-abbreviated KFC is now headquartered in Louisville, Kentucky and is the third largest fried chicken chain behind Chick-fil-A and Popeye’s. However, the brand still dominates the global scene. They are the second largest fast food chain in the world after McDonald’s. KFC at a glance:Canadian stores: More than 700Required Investor net worth: $1,500,000Required investor liquid cash: $750,000Min. investment: $1,800,000Max. investment: $3,700,000Standard franchise term: 20 years Can I start a KFC franchise? You can if you have at least $750,000 in liquid cash and a net worth of $1,500,000. You’ll also need to meet start-up costs that can reach almost four million dollars. KFC does not demand that franchisees have past experience in hospitality, but clearly, with this kind of investment, prior experience in the fast food industry or a similar high-volume consumer business would be helpful. The company expects owners to be on the restaurant floor and running operations daily. This is not a passive investment opportunity. How much does a KFC franchise cost? As you may expect...
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### Jiffy Lube
> Jiffy Lube franchise provides oil change and lubrication services for cars and light trucks, as well as basic repair services. Learn all about it here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/jiffy-lube/
Jiffy Lube franchise Hassle-free business loans to start your Jiffy Lube franchise. Get started Jiffy Lube franchised service centers provide oil change and lubrication services for cars and light trucks, as well as basic repair services and other similar or ancillary products and services. The company operates across the US and Canada and claims to serve approximately 27. 5 million customers per year. Jiffy Lube business details Launched in 1979 and with headquarters in Houston, Texas, Jiffy Lube is a wholly owned subsidiary of the Pennzoil-Quaker State Company, who in turn are a wholly owned subsidiary of global oil giant, Shell Petroleum. Famous for pioneering the ‘fast oil change’ industry by creating the world’s first drive-thru car care centers to provide professional mechanic services, they have offered franchise opportunities since inception. Jiffy Lube at a glance:Stores: More than 2000Required Investor net worth: $500,000Required investor liquid cash: $250,000Min. investment: $232,000Max. investment: $443,000Standard franchise term: 20 years Can I start a Jiffy Lube franchise? If you have at least $250k in liquid cash and a net worth of $500k and you can meet the start-up costs that can range close to half a million dollars, then yes, you can start a Jiffy Lube franchise. The company says no automotive experience is necessary to operate a service center, although they do point out that their most successful franchisees have previous experience running a business. Jiffy Lube demands that the franchisee or their designated manager must take the necessary training and be responsible for...
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### Home Instead
> Home Instead provides in-home care services with a mission to enable seniors and other individuals to live independently at home. Learn all here.
- Published: 2024-05-07
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/home-instead/
Home Instead Hassle-free business loans to start your Home Instead franchise. Get started Home Instead is a franchisor providing in-home care services for seniors and other individuals. Considered one of the world’s leading care providers, their mission statement says they believe everybody should be able to live independently at home, regardless of their age. Home Instead business details Founded in 1994 and offering franchise opportunities since 1995, Home Instead is headquartered in Omaha, Nebraska. The business provides home care services such as companionship, and personal and specialized services, including hospice and Alzheimer’s care for older adults. They operate more than 1,200 franchised locations across 13 countries and are a frequent ‘top franchise’ award winner. Home Instead at a glance:Stores: More than 1200Required Investor net worth: not statedRequired investor liquid cash: not statedMin. investment: $98,000Max. investment: $125,000Standard franchise term: 5 years Can I start a Home Instead franchise? Home Instead say they are seeking franchisees who are driven by a passion to improve the quality of life for seniors and who put their compassion for others first. If this sounds like you and you can meet the average $116,000 start-up cost as well as demonstrate a set of qualities and skills that include strong salesmanship, a desire to work with aging adults, full-time commitment, and good leadership skills, you could start a Home Instead franchise. The company demands either the franchisee or their designated manager must take the franchise training and be involved in the day-to-day running of the business –...
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### Budget Blinds
> Budget Blinds is a window coverings franchisor, selling window blinds and sundry items to restaurants, businesses, healthcare, schools and more. Read more.
- Published: 2024-05-07
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/budget-blinds/
Budget Blinds Hassle-free business loans to start your Budget Blinds franchise. Get started Budget Blinds is a window coverings franchisor, selling window blinds and sundry items to restaurants, retail businesses, offices, healthcare facilities, schools and residential customers. They operate across the US and Canada. Budget Blinds business details Founded in 1992 and offering franchise opportunities since 1994, Budget Blinds are headquartered in Irvine, California. As well as selling blinds, rugs and related window treatment products, the company provides on-site consultations, virtual consultations, measuring and professional installation services. They ranked #16 in the top 500 franchise charts for 2024. Budget Blinds at a glance:Stores: Over 1300Required Investor net worth: +$250,000Required investor liquid cash: up to $155,000Min. investment: $140,000Max. investment: $212,000Standard franchise term: 10 years Can I start a Budget Blinds franchise? The company says they’re seeking driven individuals who have an entrepreneurial spirit and a passion for personalized customer service. If this sounds like you and have a net worth of at least $250,000 and liquid cash of up to $155,000, you could start a Budget Blinds franchise. Note that you can operate this franchise yourself or you can employ a designated manager to take the training and run the business for you. This could make a Budget Blinds franchise suitable for passive investment. How much does a Budget Blinds franchise cost? Starting a Budget Blinds franchise can cost from $140,000 up to $212,000 - making this a low to moderate investment. One of the best things about this franchise is...
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### Wild Birds Unlimited
> Wild Birds Unlimited have been offering franchise opportunities since 1983. Find out more or secure funding with Swoop.
- Published: 2024-04-24
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/wild-birds-unlimited/
Wild Birds Unlimited franchise Hassle-free business loans to start your Wild Birds Unlimited franchise. Get started Wild Birds Unlimited is a retail franchise organization. The business sells birdfeeders, birdseed and other nature-related products to hobbyists and wildlife lovers across North America. Wild Birds business details Launched in 1981 and based in Carmel, Indiana, Wild Birds Unlimited have been offering franchise opportunities since 1983. With a core focus on wild bird feeding, watching and protecting, they’re a major player in the Canadian pet and nature sector. Currently, they operate 361 franchises in the US and Canada and consistently rank high in annual franchisee satisfaction awards. Wild Birds Unlimited at a glance:Franchised stores: 361 Required Investor net worth: $300,000Required investor liquid cash: $40,000Min. investment: $220,000Max. investment: $380,000Standard franchise term: 10 years Can I start a Wild Birds franchise? Modest minimum cash and net worth requirements, ($40k and $300k respectively) present a low barrier to entry to a Wild Birds franchise, although you may need financing to meet initial set-up costs of as much as $380k. The good news is, you can operate this franchise as a ‘hands-off’ business by appointing a designated manager to take the necessary franchise training and manage the day-to-day running of the store. Additionally, the company does not demand that you have previous experience in the sector or any retail experience at all. Instead, they say they are seeking investors who are passionate about retail and the hobby of bird feeding, and are motivated to serve their local...
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### Snap-on Tools
> Snap-on tools is a tools manufacturer and distributor, selling tools and diagnostic equipment to automotive dealers. Read all about it here.
- Published: 2024-04-23
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/snap-on-tools/
Snap-on Tools franchise Hassle-free business loans to start your Snap-on tools franchise. Get started Snap-on Tools is a tools manufacturer and distributor, selling professional tools and diagnostic equipment to automotive dealers, garages and workshops as well as farm and industrial businesses, boat yards, and marine and aviation specialists. Snap-on Tools franchisees operate from branded mobile stores, selling products to customers on an exclusive call list. Snap-on Tools business details With headquarters in Kenosha, Wisconsin, Snap-on Tools have been manufacturing and distributing tools for professional use since 1920 and offering franchise opportunities since 1991. A globally recognized brand, Snap-on is known for their high-quality, precision-made products. The company currently operates in over 130 countries, employs +13,000 associates, and has +4,700 franchises worldwide. Snap-on tools at a GlanceStores: More than 4,700Required Investor net worth: +$44,000Required investor liquid cash: +$44,000Min. investment: $216,000Max. investment: $553,000Standard franchise term: 10 years Can I start a Snap-on Tools franchise? As well as minimum net worth and available cash of at $44,000 each, you must be prepared to pay at least $216,000 to get into a Snap-on Tools franchise. Like other companies in this sector, such as Matco and Mac, Snap-on accepts franchisees who have no previous experience of the tools industry. However, this is not a ‘hands off’ or part-time opportunity. Snap-on expects all their franchisees to be actively engaged with running the business and interacting with customers on a daily basis. How much does a Snap-on Tools franchise cost? Starting a Snap-on Tools franchise is not...
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### Wendy's
> Famous for their unique, square-shaped hamburger patties, Wendy’s are a big player in the global fast food industry. Read all about funding options for you.
- Published: 2024-04-23
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/wendys/
Wendy’s franchise Hassle-free business loans to start your Wendy’s franchise. Get started Famous for their unique, square-shaped hamburger patties, Wendy’s are a giant in the global fast food industry. On a mission to deliver a more homely dining experience than their major competitors, the company has been selling old-fashioned burgers, chicken sandwiches, salads, shakes and fries to delighted diners for more than 50 years. Wendy's business details Offering franchise opportunities since 1972, Wendy’s was launched in 1969 in Columbus, Ohio. The founder, Dave Thomas named the business after his daughter Melinda – nicknamed Wendy. Today, the company is based in Dublin, Ohio and they are one of the ‘big three’ burger chains, alongside McDonald’s and Burger King. The business operates in more than 30 countries, and they have over 7,000 restaurants spread across the globe. Wendy's restaurant at a glance:Canadian stores: More than 400Required Investor net worth: $1,000,000Required investor liquid cash: $500,000Min. investment: $320,000Max. investment: $4,600,000Standard franchise term: 20 years Can I start a Wendy’s franchise? You can if you have very deep pockets. Never mind the minimum net worth and available cash requirements, which run to $1million and $500k respectively, you may face start-up costs of more than four million dollars. Additionally, Wendy’s are quite picky on who they sell their franchises to. They prefer high net worth individuals (obviously) who have previous experience in the food and beverage hospitality industry. Is this you? How much does a Wendy’s franchise cost? Wendy’s is a global brand, with annual sales...
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### UPS store
> UPS is a franchised parcel delivery company, providing packaging, courier, photocopying and other services to individuals and organizations. Learn all here.
- Published: 2024-04-23
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/ups-store/
UPS store franchise Hassle-free business loans to start your UPS store franchise. Get started UPS is a franchised parcel delivery and business services company, providing packaging, courier, photocopying and host of other services to individuals and organizations. Operating in more than 75 countries across the globe, their stated aim is to aid and empower small business owners within their local community. UPS business details UPS is based in San Diego, California and they’ve been offering franchise opportunities since they first began in 1980. Instantly recognizable by their big brown trucks that operate across Canada, the company succeeds by providing a fast and convenient alternative to traditional postal services. Ranked as the #1 franchise in delivery and business services 34 years in a row, they currently have over 5,000 franchised stores worldwide. UPS store at a glance:Stores: More than 5,000Required Investor net worth: $150,000Required investor liquid cash: $75,000Min. investment: $220,000Max. investment: $500,000Standard franchise term: 10 years Can I start a UPS franchise? You can if you can meet the minimum net worth and liquid cash requirements of $150,000 and $75,000 respectively. You must also be able to carry a median start-up cost of more than $350k. The good news is that UPS allows investors to operate their franchise as a passive investment – appointing or hiring a ‘primary operator’ to take care of the daily running of the business. How much does a UPS store franchise cost? The initial investment costs to start a UPS store franchise range from $220,000 to...
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### Re/Max
> Re/Max are a real estate brokerage franchisor providing branding and business support to real estate brokerages. Learn more today.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/re-max-franchise/
Re/Max franchise Hassle-free business loans to start your Re/Max franchise. Get started Re/Max are an international real estate brokerage franchisor. They provide branding and business support to individually owned real estate brokerages in Canada and worldwide. Operating a high transactions/high commissions business model, the company says their success is built on supporting and encouraging entrepreneurs who desire the freedom to carve their own path, their own way. Re/Max business details Founded in Denver in 1973 and franchising since 1975, Re/Max are headquartered in Denver, Colorado. The company claims to sell more residential real estate than any other brokerage in the world and be the most recognized real estate brand in Canada. The company has more than 135,000 agents in 110 countries across the globe. Re/Max at a glance:Canada offices: 182Required Investor net worth: not statedRequired investor liquid cash: Not statedMin. investment: $42,000Max. investment: $236,500Standard franchise term: 5 years Can I start a Re/Max franchise? You don’t need deep pockets to start a Re/Max franchise, nor do you need high net worth and a bucket load of liquid cash. However, you do need a valid real estate license for the state where you intend to operate. This makes Re/Max franchises suitable for established agents who wish to go out on their own or small independent brokerages who wish to scale up but lack the network capacity to do so. Note that you cannot run this franchise as a ‘hands off’ business or on a part-time basis. Re/Max demands that franchisees are...
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### Pirtek
> Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. Learn it all here.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/pirtek-franchise/
Pirtek franchise Hassle-free business loans to start your Pirtek franchise. Get started Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. One of the very few industrial businesses offering franchise opportunities, they say their goal is to succeed as the globe’s top hydraulic and industrial hose service business - and they’re looking for like-minded entrepreneurs to help get them there. Pirtek business details Launched in Australia in 1979, Pirtek has been offering franchises since 1986. With headquarters in Rockledge, Florida, the company claims to be the world leader in industrial and hydraulic hose services. Providing support to manufacturing, marine, transport, construction and waste and recycling businesses, they operate in 24 countries and have over 500 locations and more than +1500 mobile service vehicles worldwide. Pirtek Restaurants at a glance:Stores: More than 500Required Investor net worth: $750,000Required investor liquid cash: $500,000Min. investment: $200,000Max. investment: +$650,000Standard franchise term: 10 years Can I start a Pirtek franchise? You’ll need a net worth of $250,000 to $750,000 and anywhere from $100,000 to $500,000 in available cash to qualify. Expect to spend up to $650,000 to get started. Additionally, although the company says you don’t need prior experience in this field, or even need to be technically savvy, you can’t run this franchise as a ‘hands off’ business if you’re going in alone. Pirtek demands that individuals directly manage and supervise their business on a daily basis. However, if you’re buying into Pirtek as a corporation,...
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### McDonald's
> McDonald’s are the fast food chain that started it all and are one of the most successful restaurant in the world. Read more here.
- Published: 2024-04-22
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/mcdonalds-franchise/
McDonald’s franchise Hassle-free business loans to start your McDonald’s franchise. Get started The big daddy of the franchise world, McDonald’s are the fast food chain that started it all and are one of the most successful restaurant businesses in the world. With an almost saturation presence on main streets and highways across Canada, it’s hard to go wrong with a McDonald’s franchise in your pocket – as long as those pockets run deep. Expect to pay anywhere from $1. 3 to $2. 4 million or more to get your new burger business cooking. McDonald’s business details Launched in 1940 in San Bernadino, California, the McDonald’s Corporation is now headquartered in Chicago, Illinois and has offered franchises since 1955. Famous for pioneering the fast food concept with their mission of ‘order to delivery in three minutes or less’, McDonald’s has more than 39,000 restaurants globally and sells more than 2. 3 billion burgers every year. McDonald’s Restaurants at a glance:Canadian stores: More than 1400Required Investor net worth: $500,000Required investor liquid cash: $500,000Min. investment: $1,300,000Max. investment: +$2,400,000Standard franchise term: 10 years Can I start a McDonald’s franchise? You can if you have at least half a million dollars in liquid cash and the same again in net worth. The company also expects you to have at least 25% to 40% of the initial start-up costs in unborrowed funds. The most common way to acquire a McDonald’s is to buy an existing business, although the company will also allow new locations based on...
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### Century 21
> Century 21 is an international real estate franchise. Read all about century 21 franchise costs, process & secure your funding with Swoop.
- Published: 2024-04-18
- Modified: 2024-07-19
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/century-21/
Century 21 franchise Hassle-free business loans to start your Century 21 franchise. Get started Century 21 is an international real estate franchise operator. They provide branding and business support to individually owned real estate brokerages across the globe. Claiming to have more brand awareness than any real estate label, Century 21 say their mission is to reinvent the industry by capturing the hearts and minds of those who are buying, selling and working in real estate today. Century 21 business details Established in 1971, and offering franchise opportunities since 1972, Century 21’s head office is located in Madison, New Jersey. They are the largest real estate franchisors in the world and are part of a group of real estate agencies that includes Coldwell Banker, Sotheby’s International and Better Homes and Garden Real Estate. Currently, Century 21 has over 12,000 franchised offices worldwide and operates in 86 countries. Century 21 at a glance:Offices: More than 12,000 2,000Required Investor net worth: $150,000Required investor liquid cash: $75,000Min. investment: $25,000Max. investment: $450,000Standard franchise term: 10 years Can I start a Century 21 franchise? Century 21 states that they are seeking franchisees who are keen go-getters, determined to defy mediocrity and deliver extraordinary experiences in the real estate industry. If this is you, and you have a net worth of at least $150,000, and liquid assets of more than $75,000, this opportunity may be of interest. However, for those seeking a passive investment, take note that a Century 21 franchise cannot be operated as a...
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### Express Employment Professionals
> Express Employment Professionals is a B2B recruitment franchise that helps companies secure staffing placements. Read about the franchise & secure funding here.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/express-employment-professionals/
Express employment professionals franchise Hassle-free business loans to start your Express Employment Professionals franchise. Get started Express employment professionals is a business-to-business recruitment franchise that helps Canadian and international companies secure full-time, part-time, and temporary staffing placements. As well as providing the opportunity to build a successful business, Express Employment claim their program delivers a better work/life balance and the potential for franchisees to earn the income they deserve. Express employment professionals business details Established in 1983, and offering franchise opportunities since 1985, Express Employment’s head office is located in Oklahoma City, Oklahoma. They are the largest staffing franchise and have been named as Entrepreneur Magazine’s top recruitment franchise for 13 years in a row. Currently, Express has more than 800 franchised offices worldwide and operate in countries such as the US and South Africa. Express employment professionals at a glance:Stores: More than 800Required Investor net worth: $250,000Required investor liquid cash: $200,000Min. investment: $150,000Max. investment: $400,000Standard franchise term: 5 years Can I start an Express employment professionals franchise? Although Express Employment stress that previous experience in the staffing sector is not necessary to run a franchise, they prefer candidates with a minimum of five years’ proven leadership, sales, or sales management experience. If you fit this description and you have a net worth of at least $250,000 and liquid cash of $200,000 an Express franchise may be a suitable business proposition. Be aware that owning an Express Employment Professionals franchise as a ‘hands off’ business is not an option. The...
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### Matco Tools
> Matco Tools is a distribution franchisor, selling sundry items to automotive dealers, garages and workshops. Read all about the franchise & secure your funding.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/franchise-finance/matco-tools/
Matco tools franchise Hassle-free business loans to start your Matco tools franchise. Get started Matco Tools is a tools distribution franchisor, selling tools and sundry items to automotive dealers, garages and workshops as well as farm and industrial businesses, boat yards, and motorsport and aviation specialists. Matco franchisees operate from branded mobile stores, selling products to customers on an exclusive call list. The company claims to be the fastest growing tools distributor in the sector. Matco Tools business details Matco Tools are headquartered in Stow, Ohio. They started manufacturing and distributing tools for automobile repair in 1946. Their franchise operations began in 1993. Today they sell tools, auto components, accessories, diagnostic equipment and even model car collectibles. Along with Snap-On and MAC, they are one of the nation’s largest tool suppliers, with over 1,900 mobile stores across the US and Canada. Matco Tools at a glance:Stores: More than 1,900Required Investor net worth: $35,000Required investor liquid cash: $15,000Min. investment: $80,000Max. investment: $340,000Standard franchise term: 10 years Can I start a Matco Tools franchise? You’ll need at least $15,000 in liquid cash and a minimum net worth of $35,000, otherwise, Matco say franchisees need no previous experience of the tools industry. Note that this is not a passive type of opportunity. Matco expect all their franchisees to be actively engaged with running and building the business and interacting with customers. You cannot run this franchise from your armchair. How much does a Matco Tools franchise cost? Although Matco Tools suggest a minimum...
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### Solar equipment financing for businesses
> Solar equipment financing refers to business loans and leases that help organizations buy or rent the commercial solar equipment they need. Read more here.
- Published: 2024-04-05
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/solar-equipment-financing-for-businesses/
Solar equipment financing for businesses Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Businesses that install solar equipment to provide their energy needs can benefit from cheap, green energy and major tax benefits as well as doing good for the environment. However, commercial solar energy systems are not cheap, typically costing more than $250,000 to buy and install. For this reason, many businesses choose to finance their solar investment –...
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### Manufacturing equipment financing
> Manufacturing finance can be used to buy machinery for manufacturing businesses, or to borrow against the value of equipment that you already own. Learn more.
- Published: 2024-04-05
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/manufacturing-equipment-financing/
Manufacturing equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Buying big-ticket manufacturing equipment such as conveyors, assemblers, ovens, presses, and packing systems can put a major dent in working capital. Instead, most Canadian manufacturers opt for equipment financing, using business loans and equipment leases to get the machinery they need without struggling to pay with cash. Add a header to begin generating the table of contents What is...
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### Dental equipment financing
> Dental equipment financing refers to specialist business loans that help Canadian dental businesses obtain the equipment they need. Learn more with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/dental-equipment-financing/
Dental equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Dental care is a huge industry in Canada, covering everything from general oral care and restorative dentistry, to prosthodontics, cosmetic dentistry and more. Dentists utilize a vast array of equipment to deliver their services, and these machines, tools and technologies are often highly complex and need constant updating. Because this equipment can be expensive, most dental providers choose to...
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### Construction equipment financing
> Construction equipment – diggers, bobcats, dump trucks, and more is used by industries as varied as construction, agriculture, and landscaping etc. Learn more.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/construction-equipment-financing/
Construction equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Construction equipment – diggers, bobcats, cranes, dump trucks, graders, loaders, etc - is used by industries as varied as construction, agriculture, forestry, landscaping and mining. However, this kind of equipment does not come cheap and paying for it with working capital can often be prohibitive. Fortunately, there’s an answer to this problem: Construction equipment financing. Pay for the equipment...
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### Bobcat financing
> Bobcats are the versatile machines of choice for many Canadian businesses and these vehicles can come in all shapes and sizes. Learn more with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/bobcat-financing/
Bobcat financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In construction, land management, forestry, farming, landscaping and many other heavy duty industries, getting the job done right and on time is often reliant on the quality of your machinery and equipment. Bobcats are the versatile, go-anywhere, work-anytime machines of choice for many Canadian businesses and these vehicles can come in all shapes and sizes, with price tags to match...
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### Boat financing
> Boat loans function like auto loans – you borrow all or some of the cost of the boat you’re buying and then you pay the principal back with interest. Read more.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/boat-financing/
Boat financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Although millions of Canadian businesses own cars, trucks and vans for commercial use, many organizations also need boats to provide the goods and services they sell. Commercial water craft can be used for fishing, mining, haulage, passenger and vehicle transport, leisure activities and many other functions. Depending on the age, type and size of craft, boats for commercial use can...
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### Bakery equipment financing
> Bakery equipment financing and leasing refers to specialist business loans that help organisations buy bakery equipment for their business. Learn more here.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/bakery-equipment-financing/
Bakery equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter if you’re making fancy wedding cakes, artisan bread or thousands of sliced loaves, you need bakery equipment to get the job done right. However, when a commercial oven can cost anywhere from $3,000 to $6,000 equipping a bakery business to perform at its best can require a lot of dough. Fortunately, there’s an alternative: Bakery equipment financing...
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### Audio visual equipment financing
> Audio visual equipment includes devices that deliver a visual or sound effect to your audience. Learn all about it and how to get financed with Swoop.
- Published: 2024-04-04
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/audio-visual-financing/
Audio visual equipment financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Big screens, big sounds. Audio visual (AV) equipment puts you in the picture and tells you what you need to know. Movie houses, theaters, sports events, conferences and almost every other type of event or venue need AV equipment to impress their audience. However, this kind of tech does not come cheap. Even a small show may need...
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### Aircraft financing
> Aircraft financing is lending that can be used to buy aircraft, or to borrow against the value of an aircraft that you own. Read more and apply with Swoop.
- Published: 2024-04-03
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/aircraft-financing/
Aircraft financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Purchasing airplanes and helicopters for corporate use with cash can put a serious dent in any organisation’s liquidity and seldom makes good financial sense. Instead, most airplane buyers use aircraft financing – special business loans for the purchase of airplanes – to reduce financial headwinds. Get a better plane than you could buy with cash. Spread the cost over time....
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### No doc business loan
> No document, or ’no-doc’ business loans are finance products designed to deliver funding with almost zero paperwork. Learn more, or apply with Swoop.
- Published: 2024-03-21
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/no-doc-business-loan/
No-doc business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No document, or ’no-doc’ business loans are streamlined finance products designed to deliver funding with (almost) zero paperwork. No-doc loans have simple application processes and may provide funding very quickly, but simplicity and speed come with a price – borrowers should expect to pay high interest rates and fees. Add a header to begin generating the table of contents...
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### Revenue based financing
> Revenue-based financing uses the value of an organization’s gross sales or profits to raise capital from lenders & investors. Read more here.
- Published: 2024-03-21
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/revenue-based-financing/
Revenue-based financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Your business may be generating good revenues, but if your credit score is weak or your trading history is short, you may find it tough to get a standard business loan. Revenue-based financing could be your solution to this problem. Use the value of your annual or monthly revenues to get the funds you need, then simply pay the loan...
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### Price per square foot calculator
> Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying.
- Published: 2024-03-20
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/business-loan-calculator/price-per-square-foot-calculator/
Price per square foot calculator Our price per square foot calculator helps you determine the cost of a property, or a space, based on its size, whether you are renting, leasing or buying. Page written by Ian Hawkins. Last reviewed on July 12, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Calculation for? Purchase Lease Rental Area measurement sq feet (ft²) Purchase price $ . 00 Price per square foot $ . 00 Monthly rent $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Purchase price per square foot $0 Monthly lease price $0 Yearly lease price $0 Monthly rent per square...
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### Internal rate of return calculator
> Our Internal Rate of Return (IRR) calculator helps you determine the profitability of investments or projects. Use it for free here to calculate your IRR.
- Published: 2024-03-19
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/business-loan-calculator/internal-rate-of-return-calculator/
Internal rate of return calculator Our Internal Rate of Return (IRR) calculator helps you determine the profitability of investments or projects. Page written by Ian Hawkins. Last reviewed on July 12, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset General Multiple Initial investment Investment return (including initial) Time period 0 years 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years months 0 months 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9...
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### Emergency business loans
> What do you do when you need money in a hurry and don’t have time to wait for standard business loan? Emergency business loans may be for you. Read more.
- Published: 2024-03-19
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/emergency-business-loans/
Emergency business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What do you do when you need money in a hurry and don’t have time to wait for standard business financing? Emergency business loans may be your answer. Often available within days or hours, this type of business loan can plug the financial gap when disaster strikes, or sudden costs put your business on the spot. Add a header...
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### Term loans
> Term loans for businesses can be fast and simple to get and let you pay the money back over several years. Read more here, or apply with Swoop today.
- Published: 2024-03-18
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/term-loans/
Term loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Term loans for businesses can be fast and simple to obtain and may let you pay the money back over many years. Often available with borrowing costs that are cheaper than other types of business finance, term loans can also be used for almost any purpose. No wonder they’re Canada’s most common type of business loan. Add a header to...
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### Compound annual growth rate calculator
> Our compound annual growth rate (CAGR) calculator helps you measure an investment's annual growth rate over a specified period. Use it for free here.
- Published: 2024-03-15
- Modified: 2024-07-08
- URL: https://swoopfunding.com/ca/business-loan-calculator/compound-annual-growth-rate-calculator/
Compound annual growth rate calculator Our compound annual growth rate (CAGR) calculator helps you measure an investment's annual growth rate over a specified period. Page written by Ian Hawkins. Last reviewed on July 8, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Initial value $ . 00 Final value Duration of investment 5 years This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Compound annual growth rate 0% Get a quote What is CAGR? CAGR, or Compound Annual Growth Rate, is a measure used to calculate the annual growth rate of an investment over a specified period, assuming the investment has grown at a steady...
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### Refinance calculator
> Our loan refinance calculator helps you estimate the potential savings and costs associated with refinancing your existing loan. Use it free here.
- Published: 2024-03-14
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/business-loan-calculator/refinance-calculator/
Refinance calculator Our loan refinance calculator helps you estimate the potential savings and costs associated with refinancing your existing loan. Page written by Ian Hawkins. Last reviewed on July 16, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Current loan Remaining balance $ . 00 New loan New loan term 20 years Interest rate 5% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Principal/loan amount $0 Monthly payment $0 Length 0 months Total monthly payments $0 Total interest $0 Borrow $ What is Loan refinancing? Loan refinancing involves replacing an existing loan with a new one, often with different terms. The primary goal is...
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### Auto loan calculator
- Published: 2024-03-12
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/business-loan-calculator/auto-loan-calculator/
Auto loan calculator Our auto loan calculator helps you estimate your monthly payments when financing a vehicle. Page written by Ian Hawkins. Last reviewed on July 16, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset How much are you looking to borrow? $ . 00 For how long? 60 months Interest rate 3% This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Your estimated monthly payment $0 Total principal paid $0 Total interest paid $0 Borrow $ What are auto loans? Auto loans are a type of financing designed specifically for purchasing vehicles. In Canada, these loans allow you to spread the cost of a...
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### Line of credit calculator
> Our line of credit calculator can be used to estimate your potential borrowing costs and payments for a line of credit. Use it for free here!
- Published: 2024-03-05
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-loan-calculator/line-of-credit-calculator/
Line of credit calculator Our line of credit calculator can be used to estimate your potential borrowing costs and payments for a line of credit. It takes into account factors such as the interest rate, credit limit, and repayment terms. Page written by AI. Reviewed internally on July 12, 2024. × Current balance $ . 00 Interest rate 5% Payoff goal 120 months Current monthly payment $ . 00 This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results New monthly payment $0 Borrow $ per month will payoff credit line in months How to calculate line of credit To calculate your line of credit requirements, use the following steps as a guideline:Determine the Interest Rate: Find out the annual interest rate (APR) that applies to your line of credit. Find the Credit Limit: Determine the maximum amount you can borrow from the line of credit. Calculate Interest: Multiply the outstanding balance of your line of credit by the daily interest rate (APR divided by 365). Determine Minimum Payments: Many lines of credit require minimum monthly payments. This could be a percentage of the outstanding balance or a fixed amount. Track Spending: Keep track of your spending and borrowing against the line of credit to ensure you stay within the credit limit and can manage repayments effectively. Monitor Interest Accrual: As you borrow from and repay the line of credit, keep an eye on the...
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### Business loans with a cosigner
> Getting a small business loan with poor credit, lack of collateral, or for a risky type of business can be hard. Learn how a cosigner can help you here.
- Published: 2024-02-26
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/business-loans-with-cosigner/
Business loans with a cosigner Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Getting a small business loan with poor credit, lack of collateral, or for a risky type of business can be very tough. However, in the right circumstances, adding a cosigner to the deal may increase your chances of approval. Add a header to begin generating the table of contents What is a cosigner for a business loan?...
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### Same-day business loan
> Same-day business loans are streamlined to deliver funding within 24 hours of loan approval. Learn more, or apply for same day funding here.
- Published: 2024-02-13
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/same-day-business-loans/
Same-day business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. It may be to fund an emergency or to grab an unexpected opportunity, but there are often moments in business when you need money faster than your cash flow will allow. Same-day business loans are streamlined to deliver funding within 24 hours of loan approval. Get the cash you need quickly with the minimum of fuss. Add a header to begin generating the table of contents What is a same-day business loan? Same-day business loans can give your organisation extra funds when you need them in a hurry. Mostly available from online lenders who have faster application processes, lower documentation requirements and more relaxed qualifying rules, same-day business loans can put the money in your bank account on the same day as approval, or at least within 24 hours. The downside of same-day business loans is that speed comes with a...
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### No collateral business loans
> Lenders often require collateral when small businesses apply for a loan. But what do you do if you don’t have any collateral? Find out here and apply today.
- Published: 2024-02-13
- Modified: 2025-03-24
- URL: https://swoopfunding.com/ca/business-loans/no-collateral-business-loans/
No collateral business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Lenders often demand collateral when small businesses apply for a business loan. But what do you do if you don’t have sufficient collateral, or you don’t want to give a personal guarantee? No collateral business loans are designed to give small businesses the funds they need without signing over their key assets. Read on to learn more about...
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### Vending machine financing
> Modern vending machines can cost anywhere from $3,000 to $5,000 per unit depending on their features. Learn all about funding options available here.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/vending-machine-finance/
Vending machine financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 26, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Vending machines are the stores that never close. Open 24/7 for the sale of food, drinks, candy, toys, and more, they’re a fast and convenient way to buy the things we need. No wonder the Canadian vending machine market was worth more than $289. 3 million in 2023. However, modern vending machines can cost anywhere from $3,000 to $5,000...
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### Tractor trailer financing
> It doesn’t matter if you’re a small or large organization, it doesn't make sense to pay for expensive commercial vehicles with cash. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/tractor-trailer-finance/
Tractor-trailer financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It doesn’t matter if you’re an owner-operator, a small fleet owner, or a large fleet organization, it rarely makes sense to pay for expensive commercial vehicles with cash. Instead, tractor-trailer finance lets you pay for the truck as you use the truck and gives you better control of your working capital. Expand your trucking business without hurting cash flow. Add...
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### Tractor financing
> Tractor financing – also known as equipment financing – is a type of business loan used to support the purchase of tractors. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/tractor-finance/
Tractor financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Tractor financing – also known as equipment financing – is a type of business loan used to support the purchase of new or used tractors. This type of financing lets you use the equipment as you pay for the equipment. Buy one or more tractors without putting strain on cash flow. There are two types of tractor financing:Finance (also known...
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### Forklift financing
> Forklifts are important equipment for all types of organization, but with prices ranging from $15,000 - $50,000, they don’t come cheap. Apply for finance today.
- Published: 2024-02-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/forklift-finance/
Forklift Financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Forklifts are essential business equipment for all types of organization, but with sticker prices ranging from $15,000 to $50,000, they don’t come cheap. Paying this kind of cost using working capital is not only financially inefficient, it can also be prohibitive. However, there’s an answer to this problem: Forklift financing. Pay for the equipment as you use the equipment. Give...
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### Business line of credit
> Ideal for businesses that want maximum financial flexibility, a business line of credit can give you all the funds you need when you need them. Learn more here.
- Published: 2024-02-09
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/business-line-of-credit/
Business line of credit requirements Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Ideal for businesses that want maximum financial flexibility, a business line of credit can give you all the funds you need when you need them, lower your borrowing costs, and provide perfect peace of mind. Add a header to begin generating the table of contents What is a business line of credit? A business line of credit – also known as a revolving line of credit - is a business loan that functions like a high-value business credit card. Unlike a standard term loan, where you get all the cash in one lump sum, revolving credit lines allow businesses to withdraw as much as they want – up to their credit limit - from a floating loan account. The key benefit of this type of borrowing is that you only pay interest on the amount you withdraw, not the...
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### Excavator financing
> Excavators can be some of the most useful heavy machinery you can get, but they come at a cost. Read our full guide on excavator financing here.
- Published: 2024-02-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/excavator-finance/
Excavator financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Excavators – also known as diggers or mechanical shovels – can be some of the most flexible and useful heavy machinery you can get. Operated by industries as varied as construction, agriculture, forestry and mining, they can be the powerhouse of any business. However, diggers don’t come cheap and paying for this type of heavy machinery with working capital can...
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### Dump truck financing
> Dump trucks can cost from a few thousand dollars up to over $200,000, but as an all-purpose workhorse they’re pretty tough to beat. Get funding here.
- Published: 2024-02-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/dump-truck-finance/
Dump truck financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Dump trucks can cost from a few thousand dollars up to $180,000 or more, but as an all-purpose workhorse they’re pretty tough to beat. However, paying for this kind of equipment with working capital is financially inefficient and can often be prohibitive. Fortunately, there’s an answer to this problem: Dump truck financing. Pay for the equipment as you use...
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### Commercial fleet finance
> Buying new business vehicles like trucks, vans and bulldozers don’t come cheap. Fortunately, commercial fleet finance relieves the strain of these assets.
- Published: 2024-02-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/commercial-fleet-finance/
Commercial fleet finance Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset New business vehicles don’t come cheap and buying big ticket items like trucks, vans and bulldozers out of working capital can impact business efficiency and often be prohibitive. Fortunately, there’s a solution to this problem: Commercial fleet finance. Give your organization the vehicles it needs without hurting cash flow. Add a header to begin generating the table of contents...
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### Cash flow calculator
> Our cash flow calculator can be used to estimate the amount of money coming in and going out of a business over a specific period. Use it free here.
- Published: 2024-02-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/business-loan-calculator/cash-flow-calculator/
Cash flow calculator Our cash flow calculator can be used to estimate the amount of money coming in and going out of a business over a specific period. It typically takes into account income sources, expenses, investments, loans, and other financial transactions to determine the net cash flow. Page written by Ian Hawkins. Last reviewed on July 17, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Step 1: fill in cash inflows Total cash at the beginning of period $ . 00 Operations total received from customers $ . 00 Other cash receipts $ . 00 Sales of property $ . 00 Sale of investments $ . 00 Other activity $ . 00 New borrowing $ . 00 Stock issuing $...
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### Purchase order financing
> Purchase order financing can give you the funds to complete all your orders even if your cash flow is overstretched. Apply with Swoop today.
- Published: 2024-01-30
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/purchase-order-financing/
Purchase order financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Never miss a customer order again. Purchase order financing can give you the funds to complete all your orders even if your cash flow or regular borrowing facilities are overstretched. Add a header to begin generating the table of contents What is purchase order financing? Purchase order financing, also known as PO financing, is a cash advance that lets...
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### Self-employed business loans
> Self-employed business loans can provide a safety net for freelancers, sole traders and independent contractors. Learn more and apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/self-employed-loans/
Self-employed business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What are business loans for self-employed borrowers? Self-employed business loans can provide a vital safety net for freelancers, sole proprietors and independent contractors – covering dips in cash flow, paying unexpected expenses or allowing self-employed entrepreneurs to take their business to the next level and beyond. Use a self-employed business loan to:Support your cash flowBuy equipment, materials and inventoryPay...
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### Payroll loans
> Payroll loans are designed to help you meet your wages bill when your cash flow is weak or seasonal. Read all about them here, or apply today.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/payroll-loans/
Payroll loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many small businesses, their employees are their most valuable assets and keeping these workers happy is key to long-term success. Paying staff on time is an essential part of this process. Payroll loans are designed to help you meet your wages bill when your cash flow is weak, seasonal, or erratic. Add a header to begin generating the table...
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### No credit check business loans
> Securing a small business loan can be a challenge for many organisations, but for business owners with poor credit, it can be extremely tough. Apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/no-credit-check-business-loans/
No credit check business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Securing a small business loan can be challenging for many organizations, but for business owners with bad credit, it can be extremely tough. No credit check business loans may provide a solution to this problem, although this type of financing typically comes with higher costs, shorter terms and lower sums available. Add a header to begin generating...
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### Seller financing
> Seller financing can be a win/win for both buyers and sellers. Read on to learn more about this route to buying the business you’ve always wanted. Get started.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/seller-financing/
Seller financing Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 25, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Getting a traditional business loan to purchase a business can be tough for would-be buyers who lack a ton of cash or less than stellar credit. Seller financing is one solution to this problem; the business seller acts like a bank and gives the buyer a loan to purchase their business. Seller financing can be a win/win for both buyers...
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### Business loans for minorities
> If your business is 51% owned and operated by people of specific ethnicities, you qualify for a minority business loan. Learn more and apply here.
- Published: 2024-01-29
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/business-loans-for-minorities/
Business loans for minorities Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It’s seldom easy for small and medium-sized organizations to secure a business loan, but for minority-owned businesses, issues such as limited banking history, imperfect credit and unconscious bias can often make the challenge even tougher. Fortunately, a whole raft of business funding options have sprung up in answer to this problem. Read on to learn more about business...
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### Equipment appraisals
> Business equipment is more than just machinery. Here’s all you need to know about appraising its value, the process, and legal considerations. Read more.
- Published: 2024-01-26
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/equipment-appraisals/
Equipment appraisals: All you need to know Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin Business equipment is more than just machinery, it’s an asset that goes on your balance sheet and can support your business financing needs. Here’s what you need to know about appraising its value. Add a header to begin generating the table of contents What is a machinery & equipment appraisal? Having your business equipment appraised means hiring an expert to provide an unbiased opinion of what it is worth. This independent valuation can be helpful when you are dealing with outside parties who want to be confident that the reported value is accurate and objective. In many cases,...
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### Large business loans
> Although large business loans often are difficult to secure, they can provide the financial heft to propel your organisation to the next level. Read more here.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/large-business-loans/
Large business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Although large business loans are typically more difficult to secure than smaller financing options, thinking very big in business can bring outsize returns. Larger loans can provide the financial heft to propel your organisation to the next level and beyond. Add a header to begin generating the table of contents What is considered a large business loan? A large...
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### How to get an LLC loan
> An LLC loan is a business loan for limited liability companies. Read all about the application process and loan requirements here, or get started with Swoop.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/llc-loans/how-to-get-an-llc-loan/
How to get an LLC business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset An LLC loan is a business loan for limited liability companies. In reality, there is no difference between an LLC loan and other types of business loan. The term ‘LLC loan’ is applied to make it clear that these loans are aimed at business structured as LLCs. Read on to find out more about the...
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### Easy business loans
> Faster, simpler, more flexible. Easy business loans are a perfect funding choice for small business owners who want a loan quickly. Read more here.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/easy-business-loans/
Easy business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Faster, simpler, more flexible. Easy business loans are an ideal funding choice for small business owners who want a loan quickly and without all the fuss. Add a header to begin generating the table of contents What qualifies as an easy business loan? Although there is no official definition of an easy business loan, the term usually applies to...
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### Cash flow loans
> Cash flow can make or break any business, and poor cash flow is the main reason many small businesses fail. Read more here and apply today.
- Published: 2024-01-24
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/cash-flow-loans/
Cash flow loans for small businesses Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Cash flow can make or break any business, and poor cash flow is the biggest reason many small businesses fail. When money is going out faster than you can get it in, you have a recipe for disaster, but cash flow loans are designed to eliminate this problem – providing short to medium-term financing that can...
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### Asset finance
> From Vancouver to Calgary, Toronto to Montreal, all the way to St. John’s, asset finance is a fast-growing choice for Canadian small and medium-sized businesses
- Published: 2024-01-23
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/
Asset finance explained Want to buy or lease hard assets for your business? Or perhaps you have assets you wish to borrow against? Asset finance might be the solution. Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 17, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin From Vancouver to Calgary, Toronto to Montreal, all the way to St. John’s, asset finance is a fast-growing choice for Canadian small and medium-sized businesses. The reason is simple: asset finance makes it easier to acquire big-ticket items such as vehicles, buildings and equipment. Instead of paying one large sum upfront, you can spread the cost over time. Or, if you already own hard assets, you can use asset finance to turn them into liquid cash....
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### Invoice factoring
> Invoice factoring refers to selling unpaid invoices to a company that provides you with cash right away. Learn more about this cash flow boost and apply here.
- Published: 2024-01-22
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/invoice-factoring/
Invoice factoring: The complete guide Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you want to smooth out your business cash flow, invoice factoring is a solution to consider. It can be one of the quickest ways to receive an injection of cash when you need it. Here’s what you need to know. Add a header to begin generating the table of contents What is invoice factoring? Many businesses find themselves in the position of having invoices that are owed to them but not enough cash in the bank when they need it. Invoice factoring refers to selling those unpaid invoices to a factoring company that provides you with cash immediately. You...
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### Invoice discounting
> Invoice discounting means borrowing against unpaid invoices that are owed to you in order to receive your money quicker. Read more and apply today with Swoop.
- Published: 2024-01-22
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/invoice-discounting/
Invoice discounting: What is it? Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 23, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you frequently find yourself waiting on clients to pay your invoices, there’s a way you might be able to speed things up. Invoice discounting is like getting a cash advance as soon as you issue an invoice. Here’s how it works. Add a header to begin generating the table of contents What is invoice discounting? Invoice discounting means borrowing against unpaid invoices that are owed to you in order to receive your money faster. It’s called “discounting” because, although you are able to access your funds more quickly, the amount you receive will be discounted by a fee that...
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### Accounts receivable financing
> Accounts receivable financing means using your unpaid invoices as collateral to borrow money. Read more about this type of financing and apply here.
- Published: 2024-01-22
- Modified: 2025-03-24
- URL: https://swoopfunding.com/ca/business-loans/accounts-receivable-financing/
Accounts receivable financing Add a header to begin generating the table of contents Page written by Michael David. Last reviewed on July 17, 2024. Next review due April 1, 2025. Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. × Michael David Expert financial copywriter Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years. Linkedin If you’ve ever looked into business financing, you may have run up against the requirement for collateral. While that usually means pledging real estate or other property as security for the loan, your outstanding receivables might also do the trick. Keep reading for more. Add a header to begin generating the table of contents What is accounts receivable financing? Accounts receivable financing means using your unpaid invoices as collateral to borrow money. If your business sends out invoices on a regular basis, accounts receivable financing is like having access to a series of cash advances secured by those invoices. Accounts receivable financing...
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### Delayed draw term loan
> Delayed draw-term loans provide access to a pool of funds as and when you need them, and you only pay interest on the borrowed funds you withdraw. Apply here.
- Published: 2024-01-17
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-loans/delayed-draw-term-loan/
Delayed draw term loan: A comprehensive guide Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 3, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. If you’re an entrepreneur looking for the perfect business opportunity, how much easier would your search be if you knew you definitely had the funds to quickly close the deal instead of waiting for a lender’s approval? Delayed draw-term loans can provide access to a pool of funds as and when you need them, and you only pay interest on the borrowed funds you withdraw. If this sounds like your perfect financial solution, you aren’t alone. DDTLs are now commonly used to finance all kinds of business opportunities by organizations large and small. Read on to find out more about DDTLs, how they work and what they can do for you. Add a header to begin generating the table of contents What is a delayed draw term loan? A delayed draw term loan (DDTL) is a term...
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### Amortization calculator
> An amortization calculator is a financial tool designed to help businesses in understanding and planning the repayment of loans over time. Try ours today.
- Published: 2024-01-16
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/business-loan-calculator/amortization-calculator/
Amortization calculator An amortization calculator is a financial tool designed to assist businesses in understanding and planning the repayment of loans over time. It helps seeking clarity on your repayment journey and making informed financial decisions. Page written by Ian Hawkins. Last reviewed on July 9, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset Loan amount $ . 00 Loan term 20 years Interest rate 4% Loan start date This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan. Your results Monthly payment $ Total interest paid $ Total cost of loan $ Number of payments Payoff date Borrow $ Chart Schedule How payments change over the life...
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### LLC loans
> An LLC loan is a business loan for limited liability companies. Find out more about LLC loans, the application process, or apply today.
- Published: 2024-01-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/llc-loans/
LLC loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Since their origin in 1977, Limited Liability Companies – LLCs – have become the number one company structure choice for millions of new Canadian businesses. Easy to set up and providing liability protection for their owners, LLCs can provide a compact and safer way for entrepreneurs to pursue their business dream. Needless to say, where businesses lead, finance is never...
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### Flexible finance
> Flexible financing can put businesses in better control of their money, giving them options if circumstances change. Learn more and apply here.
- Published: 2024-01-12
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/flexible-finance/
What are flexible financing options? Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Not so long ago, there was almost zero flexibility in commercial finance for small and medium-sized Canadian businesses. Banks and credit unions set the rules and businesses were typically given fixed term loans with regular payment schedules and no leeway if the business landscape changed. However, that was then. Now, with online lenders driving the rapid expansion...
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### Commercial finance
> If you own or run a business you may have heard the term ‘commercial financing’. But what does it mean, how does it work and is it right for you? Read more.
- Published: 2024-01-09
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/commercial-finance/
Commercial financing: All you need to know Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset If you own or run a business you’ve probably heard the term ‘commercial financing’ before. But what does it mean, how does it work and is it right for your business? Well, wonder no more. Read on to find out all you need to know about commercial financing - and how you can make the...
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### $100,000 or less business loan
> If you are looking for a business loan up to $100,000 but aren't sure where to start, look no further. Read all about it and get started today.
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/best-business-loans-100000-or-less/
Best small business loans for $100,000 or less Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 16, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Supporting big expansion plans, making key acquisitions, ramping up production, or simply restructuring your business finances can often be tough using only working capital – which is why many organizations turn to business loans of $100,000 or less to fund their plans and growth. Read on to learn more about these types of finance,...
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### $1million business loans
> $1,000,000 business loans can be obtained from banks, credit unions, lending marketplaces & online lenders. Apply or find out more here
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/1-million-business-loan/
How to get a $1million business loan Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 16, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Regardless of the type of industry they operate in or what they do or sell, there comes a time where almost every successful business needs money faster than cashflow can provide. Supporting big expansion plans, making key acquisitions, ramping up production, or simply clearing expensive short-term debt and restructuring finances can be tough to achieve...
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### Bad credit business loan
> Even if you have bad credit, or if you’ve been turned down elsewhere, it may still be possible to get the funding you need. Learn more & apply today.
- Published: 2024-01-08
- Modified: 2024-10-03
- URL: https://swoopfunding.com/ca/business-loans/bad-credit-business-loans/
Bad credit business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on July 19, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It only takes one financial misjudgment or a streak of bad luck to see your good credit turned into bad credit and then you’re locked out from many types of business loan. However, it doesn’t have to be like that. Even with bad credit (or no credit) you may still be able to secure the financing you need....
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## Blog
### Business tax prep made easy: Your key to a smooth tax season
> At Swoop, we understand the demands on your time and resources, and we're here to offer guidance to help you navigate the upcoming tax season with confidence.
- Published: 2025-04-07
- Modified: 2025-04-16
- URL: https://swoopfunding.com/ca/support-for-small-businesses/tax-prep-made-easy/
- Category: SME support
Our best practice guide helps you get your finances in order and avoid tax season stress. An important time of the year approaches for Canadian business owners: tax season. While it might not be as fun as Halloween or as hot as Canada Day, you’ll find that being prepared will help you experience a smooth and stress-free process. At Swoop, we understand the demands on your time and resources, and we're here to offer guidance to help you navigate the upcoming tax season with confidence. This blog post will highlight key areas to focus on and provide actionable tips to ensure you're equipped for success. Understand tax deadlines: mark your calendar! Missing tax deadlines can lead to penalties and unnecessary stress. It's vital to be aware of the crucial dates for your business. Here are some key deadlines to keep in mind (refer to the official CRA website for the most up-to-date information):Corporate Income Tax Filing: Generally, corporations have six months after the end of their tax year to file their income tax return. However, payment deadlines might be different. HST/GST Remittances: The frequency of your HST/GST remittances (monthly, quarterly, or annually) depends on your annual taxable supplies. Ensure you know your reporting period and the corresponding due dates. Payroll Deductions: If you have employees, remember the regular deadlines for remitting payroll deductions to the CRA. Bookmark this helpful resource from the Canada Revenue Agency for a quick reference on business filing and payment deadlines. Proper record keeping is the...
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### Navigating tariffs: Smart growth strategies for North American SMBs
> Tariffs might hike your cost of goods, but that doesn't mean your profits have to suffer. It's time to get focused on maximizing every dollar. Read how here.
- Published: 2025-04-04
- Modified: 2025-04-04
- URL: https://swoopfunding.com/ca/support-for-small-businesses/navigating-tariffs-smart-growth-strategies/
- Category: SME support
If the uncertainty brought on by tariffs has you worried, Swoop has 5 practical steps you can take to protect your business. Tariffs are a growing factor in the North American business landscape, ushering an uncertainty that can have a major impact on your business. You may be anticipating squeezed margins, worried about your bottom line and feeling helpless. When the big picture changes, so should your strategy. By taking a proactive stance, you can not only help your business survive but actually position it for growth in these evolving times. Let's look at five practical steps you can take right now: 1. Get to grips with your profit margins Tariffs might hike your cost of goods, but that doesn't mean your profits have to suffer. It's time to get laser-focused on maximizing every dollar: Smarter discounting: Ditch the blanket discounts that eat into your earnings. Instead, price based on the true value you deliver, reserve discounts for strategic purposes (such as high-margin products or bundles), and reward loyal customers in ways that protect your profitability. Use employees’ insights: Your team sees the day-to-day inefficiencies you might miss. Encourage them to identify waste, suggest cost-saving alternatives for materials and logistics, and even consider a reward program for the best ideas. Trim costs: When was the last time you audited your insurance costs, foreign exchange spend and banking fees? A quick review could uncover significant savings by negotiating better rates, eliminating unused services, or exploring more cost-effective platforms. Swoop makes it...
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### Tariffs on pause: is your business ready for the possibility of price hikes?
> The threat of tariffs on imported goods has created huge uncertainty for everyone – with small and medium-sized businesses (SMBs) across North America bearing the brunt of it.
- Published: 2025-02-04
- Modified: 2025-02-04
- URL: https://swoopfunding.com/ca/blog/tariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes/
- Category: SME support, Swoop guides, News
The threat of tariffs on imported goods means that many businesses will be impacted. Consumers will see prices rise, will businesses find their margins squeezed? The threat of tariffs on imported goods has created huge uncertainty for everyone – with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While blanket increases of up to 25 percent on goods and raw materials have been postponed (for now), businesses that rely on imports for part of their manufacturing or business operations will quickly feel the impact: strained cash flow and squeezed profit margins will force difficult decisions for business owners. Costs will go up which will provoke changing behaviour from customers, leading to SMB owners concerned about how to manage their funding requirements in this new economic landscape. In the short term, the uncertainty is almost as disruptive as the tariffs themselves. But the delay does mean SMB owners can take measures to cushion the blow when (if) it lands. Understanding the impact Tariffs, essentially taxes on imported goods, directly increase the cost of doing business for many SMBs. If your business relies on imported raw materials, components, or finished goods, you're likely facing higher expenses. This can lead to: Increased production costs Price increases as these costs are passed onto consumers Reduced competitiveness, especially if other businesses in your market have stockpiled products or sourced from countries not affected by tariffs Managing Funding Requirements Clearly, this places affected business owners in a difficult position and there...
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### Should you borrow to grow your business? Swoop’s five-point checklist will help you decide
> Should you get a loan to grow your business? Swoop’s five-point checklist is designed to help you decide whether borrowing is the right choice for your business
- Published: 2025-01-23
- Modified: 2025-01-30
- URL: https://swoopfunding.com/ca/blog/should-you-borrow-to-grow-your-business/
- Category: SME support, Swoop guides, Loans
Everyone will tell you to borrow for your business, but is it the right strategy? There are thousands of financial products on the market - from credit cards to commercial mortgages - and businesses make their money when you borrow.   But should you be borrowing in the first place? Unlike personal borrowing, business borrowing should be considered an investment that will have a positive return. For example, a new vehicle may be cheaper to run, project a more professional image or expand your existing fleet, meaning you can serve more customers.   Swoop’s five-point checklist is designed to help you decide whether borrowing is right for your business. Question 1: Is there a specific, clearly defined business need for the borrowed funds? No: Reevaluate the need. Borrowing for unclear or non-essential purposes is generally unwise as you will be making repayments long after the funds have been used. Yes: Proceed to Question 2. Question 2: Can this need be met with existing funds (savings, retained earnings, etc. )? Yes: Consider using existing funds to avoid incurring debt - though make contingencies for unexpected expenses and ensure you maintain a buffer to protect you against dips in income.   No: Proceed to Question 3. Question 3: Does the potential return on investment (ROI) from the borrowed funds outweigh the cost of borrowing (interest rates, fees)? No: Reassess the investment opportunity or seek alternative funding sources, such as grant funding. Yes: Proceed to Question 4. Question 4: Is the business financially...
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### Making the business case for your RSVP this holiday season
> Events are a great way to make connections that will benefit your business - you just need to make sure you approach them properly
- Published: 2024-11-21
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/blog/networking-101
- Category: Swoop guides, Blog
Events are a great way to make connections that will benefit your business - you just need to make sure you approach them properly. This time of year is party season: between September and New Year’s Day, you’ll find many calls on your downtime. But can you justify slipping out from work early to put on your glad rags? What about the loss of productivity the next day when you’ve got a dry mouth and a stubborn headache? There are good reasons for saying “yes” to the right invitations: you could find yourself making new connections outside your usual circle, or strengthen old relationships (I’m often finding myself speaking with people I’ve met peripherally elsewhere). Help is at hand. As Swoop’s #1 Champion Networker, here are my top tips for getting the most out of a networking event. Understand the tone Getting the tone right is everything. Some events are more sociable and some are more business-focused. Why does this matter? Because it informs a lot about your approach: what you can expect to get out of it, how you’ll approach people and even what you wear. Can you go straight from the office with a pocket full of business cards? Or do you need to spend a bit more time getting ready? You can get some mileage out of confounding expectations - I once saw a woman in the construction business wearing a pair of steel-toed boots with her designer ballgown. An unforgettable look. You might need to read...
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### What's a good credit score and how can I improve it?
> Short answer: A ‘good’ credit score is anything 700 or above. But, of course, there’s so much more to it than that. Read more about improving your score here.
- Published: 2024-10-03
- Modified: 2025-01-02
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-credit-score/
- Category: Credit score, SME support, Swoop guides
Short answer: A ‘good’ credit score is anything 700 or above. But, of course, there’s so much more to it than that. Credit scores range between 300 and 900, with higher scores indicating a better credit history. And if you’re thinking a personal credit score has little effect on you as a business owner, think again. Like a business credit score, a good personal credit score can mean approvals for business financing, better terms on loans, higher credit limits, and fewer hoops to jump through in the funding process. At Swoop, we want our clients to feel empowered when they're on the hunt for funding. One of the ways to do this is by knowing and strengthening your credit score, long before you need to use it. Keep reading to learn more about: Why a good credit score is important What affects your score How to improve your credit score How Swoop can help even if you do not have stellar credit Why is a good credit score important? Your credit is important because it is one of the main factors lenders look at first to determine how you’ve managed money in the past. As the saying goes, your past behavior is the best predictor of future performance. A good credit score can open doors to financial opportunities that can fuel your business's growth and success. A good credit score opens up valuable opportunities for your business. With it, you can access better loan options, enjoy faster approvals, and secure...
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### What documents do you need for your funding application? A business owner's guide
- Published: 2024-10-02
- Modified: 2024-11-18
- URL: https://swoopfunding.com/ca/business-loans/what-documents-do-you-need/
- Category: SME support, Loans
Making applications is quicker and less hassle when the information you need is already at hand Your business needs funding, but the phone is ringing. And that new staff member has a question. And your biggest customer is expecting a revised quote by the end of the day... . Making an application for funding feels like it’s going to be hard work before you settle down and get started. But by getting everything that you need together before you begin, you’ll find that you get through it more quickly.   Here are the key documents typically requested by lenders, investors and grant awarding bodies: Financial Documents Profit & Loss statement: This document shows your business's revenue, expenses, and net profit over a specific period. Balance sheet: A snapshot of your business's financial health, including assets, liabilities, and equity. Cash flow statement: This statement reveals your business's inflows and outflows of cash. Tax returns: Corporate and personal tax returns can provide valuable insights into your financial history. Profit and loss projections: Forecasts of your future income and expenses. Business Plans Business plan: A detailed outline of your business, including its mission, goals, market analysis, and financial projections. Executive summary: A concise overview of your business plan, typically one to two pages long. Legal Documents Articles of incorporation or partnership agreement: These documents establish your business's legal structure. Operating agreement: For limited liability companies (LLCs), this agreement outlines the rights and responsibilities of members. Permits and licences: Any necessary permits or licences...
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### How could your business benefit from Canada’s Small Business Financing Program?
> Help for SMEs is available - and this government-backed scheme is a great place to start your funding journey. Find out more here, or get started with Swoop.
- Published: 2024-06-12
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/canada-small-business-financing-program/how-could-your-business-benefit-from-csbfp/
- Category: SME support, Swoop guides, Loans
Help for SMEs is available - and this government-backed scheme is a great place to start your funding journey Most business owners find that their ambitions for their businesses are held in check by the funding they are able to access. Getting the capital your business needs to get off the ground - or to the next stage of growth - can be a major hurdle. The good news is that there's a program out there specifically designed to help businesses: the Canada Small Business Financing Program (CSBFP). Here are the reasons why CSBFP is a popular choice for business owners: Easier Loan Access: as a government-backed program, there is a reduced risk for lenders, making it easier for you to secure a loan from banks and credit unions. Types of Loans: the CSBFP offers two main options: term loans and lines of credit. Term loans are for one-time expenses like equipment or renovations, while lines of credit provide ongoing access to funds for things like working capital. Maximum Amounts: you can qualify for a CSBFP term loan of up to $1 million, with a portion dedicated to working capital and intangible assets. Additionally, there's a separate line of credit option for working capital needs,with a maximum of $150,000. Eligible Expenses: the CSBFP can be used to finance a variety of business needs, including purchasing land or buildings, equipment, leasehold improvements, and intangible assets like software. Which Businesses Qualify for CSBFP? Small and Mid-Sized Businesses: The CSBFP is designed to...
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### Open Banking – what is it and how does it work?
> Fast, efficient and more innovative than traditional financial systems, Open Banking puts the customer firmly in control. Learn more about how it works here.
- Published: 2024-05-21
- Modified: 2024-05-23
- URL: https://swoopfunding.com/ca/blog/open-banking/
- Category: SME support, Swoop guides, Blog
Open Banking has changed the way Canadian businesses and individuals can use and grow their money. Fast, efficient, and more innovative than traditional financial systems, Open Banking puts the customer firmly in control. But what exactly is Open Banking, how does it work, and what can it do for you? Read on to find out all you need to know about this financial revolution. What is Open Banking? Open Banking has been gaining traction in Canada, following similar implementations in other parts of the world. It allows major banks to let you electronically share your financial data with other third-party financial providers. Your permission gives these entities ‘read only’ access to your banking data, such as transactions, payments, and available balances, allowing you to obtain financial services and conduct transactions without the hassle of visiting your bank. With Open Banking, you don’t need to fill out lengthy forms to provide third-party apps or websites with the data they need. Once you’ve given permission through your bank’s mobile or online banking, these services can access the necessary information directly. Examples of Open Banking Open Banking is used by many thousands of businesses and millions of individuals every day and for literally hundreds of different uses. Here are four examples of Open Banking in action: Business and Personal Finance Management: Data aggregation enables companies to access and combine customer bank account data, such as savings balances, to provide tailored support with money management and actionable insights. Proof of Income: Crucial for many...
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### How do small business loans work
> A business loan is a specific type of financing designed to meet the financial needs of a company. Read all about how it works here.
- Published: 2024-04-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-do-small-business-loans-work/
- Category: SME support, Swoop guides, Blog
Securing a business loan can be a pivotal step for small and medium-sized enterprises (SMEs) aiming to grow or sustain their operations. Understanding the timeframe and process involved in obtaining financing is crucial for effective planning and decision-making. Here at Swoop, our experts wanted to provide a detailed explanation of this topic, helping business owners navigate the complexities of securing a business loan efficiently. What is a business loan? A business loan is a specific type of financing designed to meet the financial needs of a company. It provides businesses with the capital necessary to fund operational costs, expansion efforts, or equipment purchases, allowing for growth and sustainability without depleting cash reserves. How do business loans work? Business loans work by providing a lump sum of money or a credit line to businesses in exchange for repayment over time, with interest. The terms of the loan, including repayment schedules and interest rates, vary widely depending on the lender and the borrower's financial health. What are business loans used for? Business loans can be used for a wide range of purposes, from bridging gaps in cash flow and purchasing inventory to financing large-scale expansion projects and acquiring new equipment. Each loan type is tailored to fit different business needs and scenarios, ensuring that companies can continue to operate and expand effectively. What can you not use a business loan for? Typically if it’s unrelated to your business, your business loan shouldn’t be used for it. For clarity on what you can...
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### How long does it take to get a business loan
> A business loan can take anywhere from a day to several months to secure, depending on different factors. Read all about how it works with Swoop.
- Published: 2024-04-16
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-long-does-it-take-to-get-a-business-loan/
- Category: SME support, Swoop guides, Blog
When you're planning to boost your business with some extra funds, one of the first questions you might have is, "How long does it take to get a business loan? " Understanding the timeline can help you plan better and set realistic expectations for your financial strategy. Here at Swoop, our experts wanted to provide a detailed explanation of this topic to guide you smoothly through your funding options. How long does getting a business loan take? A business loan can take anywhere from 24 hours to several months to secure, depending on various factors. The type of lender you choose: Different lenders have different processing times. Online lenders might offer quicker approvals compared to traditional banks. The complexity of your loan application: More detailed and complex applications might take longer to review and process. How prepared you are with the necessary documents: Having all your documentation ready can significantly speed up the process. Step 1: Applying Initially, you'll start with the application itself, which can be a straightforward process, especially with online lenders. Depending on the lender, this step could take less than 30 minutes if you're well-prepared. The key here is to gather all necessary information beforehand to ensure a smooth and swift application process. Information you need to supply: When you're applying for a business loan, you'll need to provide a mix of both personal and professional information to your lender. Here's what you should have on hand: Personal Information: Full name and contact details Social security...
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### How to convert money factor to interest rates
> A money factor, also known as the lease factor, is the financing charge. Read all you need to know about it here.
- Published: 2024-04-15
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-convert-money-factor-to-interest-rates/
- Category: SME support, Swoop guides, Blog
When you’re looking for financing for your business, it’s important to understand how lenders calculate the total cost of the loan. If you plan on leasing or purchasing equipment or vehicles, you’ll probably hear the term money factor.   The money factor is the cost of financing on a monthly lease payment. It’s similar to the interest rate on a payment — but doesn’t incorporate certain fees, making it difficult to predict the true cost of a loan. In this article, we'll break down what the money factor is, how it works, and, most importantly — how to convert it into an interest rate so you can easily compare your financing options.   How do money factors work? A money factor, also known as the lease factor or lease fee, is essentially the financing charge. It’s often expressed as a small decimal, such as 0. 00125 or 0. 0030. Occasionally, the money factor is expressed as a factor of 1,000, such as 1. 5 instead of 0. 0015. The higher the money factor, the higher your total lease payment.   Money factors are most commonly used in car or equipment leasing — or any asset that often depreciates over time. When you take out a loan, your monthly payments include depreciation, taxes, and interest. The money factor will determine the cost of interest. How to calculate a money factor In most cases, the lessor will provide the money factor to you. But it’s helpful to know how to calculate it...
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### What is a personal guarantee?
> A personal guarantee is an extra layer of security for lenders which binds assets to the business’s loan obligations. Read all about how it works here.
- Published: 2024-04-03
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-personal-guarantee/
- Category: SME support, Swoop guides, Blog
A personal guarantee is a legal commitment made by an individual, typically a business owner or executive, to take on personal responsibility for a loan if the business is unable to repay its debt. This means that if the business defaults, the individual is personally liable for satisfying the debt, potentially using their personal assets. Such guarantees are common prerequisites for obtaining business loans, especially for new or financially unstable companies, providing lenders with a layer of security against the risk of non-payment. How does a personal guarantee work? A personal guarantee integrates an extra layer of security for lenders by binding an individual’s personal assets to the business’s loan obligations. Here’s an in-depth explanation: Risk mitigation for lenders: By requiring a personal guarantee, lenders mitigate the risk associated with lending to businesses that might be new or have a less stable financial history. Legal obligation: Once signed, a personal guarantee becomes a legal obligation. If the business fails to meet its loan repayments, the guarantor must cover the debt from personal resources. Asset liability: In enforcing a personal guarantee, lenders can target the guarantor’s personal assets, including savings, investments, and property, to recover owed funds. Types of personal guarantees Personal guarantees vary in terms of the extent of liability and the conditions under which a guarantor might be pursued for repayment. Understanding these differences is important for business owners as they assess their borrowing options. Unlimited personal guarantees Unlimited personal guarantees place the guarantor in a position of maximum...
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### How to price a product
> Product pricing is the process of setting a value for your product or service that your customers are willing to pay. Learn how to do it here.
- Published: 2024-04-03
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-price-a-product/
- Category: SME support, Swoop guides, Blog
Businesses small and large will have their share of problems no matter the industry or profession. Pricing products and services is one that most businesses will empathize with. Understanding how to price your products can make the difference in a long and thriving business or one that struggles to stay afloat.   What is product pricing? Product pricing is the process of setting a value for your product or service that your target market is willing to pay. For example, if you're opening a coffee shop, product pricing comes into play when determining how much to charge for each type of coffee. Likewise, if you own a service-based business, you may opt for a per-project or per-hour pricing scheme.   How should I price my products? When deciding how to price your products, you'll want to consider both your costs and your customer's perception of value. This balance ensures you cover expenses while appealing to your market.   Here's how to start: Evaluate your costs: Know the ins and outs of what it takes to produce your product or deliver your service. Understand your market: Consider what your target customers are willing to pay and how your competitors are pricing similar products. Choose a pricing strategy: Select a strategy that aligns with your brand, market position, and profit goals. If you’re having trouble knowing where to begin, competitor research can give you insight into how pricing is done for your industry and your location. This can also be a great...
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### What is a good profit margin?
> Profit margin is a significant metric that businesses use to measure the profitability of their products or services. Read all about it here.
- Published: 2024-04-03
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/what-is-a-good-profit-margin/
- Category: SME support, Swoop guides, Blog
Are you a business owner looking to improve your company's financial performance? One crucial metric to consider is profit margin. In this guide, we'll discuss profit margin, its calculation, and why it's so important for investors and business owners. So, let's dive in and learn more about this crucial financial metric. What is a profit margin? Profit margin is a significant financial metric that businesses use to measure the profitability of their products or services. It is calculated as the percentage of revenue that exceeds the costs of goods sold (COGS) and other expenses. This metric provides insights into a business's financial health by indicating how much profit it generates from each sales dollar. A higher profit margin indicates that a company generates more profit than its revenue, while a lower profit margin indicates the opposite. What is a good profit margin? A good profit margin is an ultimate goal for businesses because it directly reflects their ability to generate revenue and control costs. A high profit margin indicates that a business is running efficiently and can keep its expenses low while maximising revenue. This means the company can make the most of its resources and investments, which is crucial for long-term success. On the other hand, a low profit margin can be a warning sign that a business is not operating efficiently and may be struggling financially. It can also indicate that the business needs to price its products or services appropriately or that it needs to be able...
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### How to find angel investors
> If you’re looking for investment in your business, whether you’re just starting out or planning to expand, an angel investor is one potential option to explore.
- Published: 2024-03-20
- Modified: 2024-12-05
- URL: https://swoopfunding.com/ca/equity-financing/how-to-find-angel-investors/
- Category: Equity, Blog
If you’re looking for investment in your business, whether you’re just starting out or planning to expand, an angel investor is one potential option to explore. Beyond simply investing in your business, angel investors can also bring a wealth of experience that could prove invaluable to your business. This guide explains everything you need to know about finding angel investors for your business. What are angel investors? Angel investors, or business angels as they are also called, are high-net worth individuals who are looking to invest in startup or early-stage businesses. In return for their investment, they receive a share of the company’s equity. Some angel investors will choose to invest alone, while others will be part of an angel syndicate (a group of angel investors). An angel investor usually has experience in business and will often have skills, knowledge and networks that can add value to your business and help it succeed. What should you look for in an angel investor? Primarily, you want to find an angel investor with the right amount of cash to invest. But there are also a number of other important factors you need to consider. These include: Industry experience Firstly, you’ll want your angel investor to have experience in the specific industry you work in. This means they’ll understand the challenges you’re likely to face and will hopefully have the skills required to take your business from strength to strength, as well as fill in the gaps you have in your own skillset....
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### How to build your business credit
> Building a strong credit profile is a good choice for any small business aiming for sustainability and growth. Learn how to build it easily here.
- Published: 2024-03-18
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/support-for-small-businesses/how-to-build-your-business-credit/
- Category: SME support, Swoop guides, Blog
Building a strong business credit profile is a smart choice for any company aiming for sustainability and growth. Just as individuals need good personal credit, businesses must establish and maintain solid credit to access better financing options, negotiate favorable terms with suppliers, and separate personal and business finances. Establishing business credit is a strategic process that can open doors to a multitude of opportunities, ensuring your business can thrive in competitive markets. Why is it important to establish business credit? Business credit is important for several reasons. First, it enables your company to secure loans and lines of credit necessary for expansion or overcoming temporary cash flow issues. A strong business credit score can also lead to lower interest rates, saving your business substantial amounts of money over time. Plus, suppliers and vendors are more likely to offer better terms and credit limits to companies with good business credit. This not only improves your purchasing power but contributes to more flexible cash flow management. Establishing business credit also helps in separating your personal finances from your business operations, thereby protecting your personal credit and assets from business-related risks. What is a good business credit score? A good business credit score varies by credit bureau but generally, scores are viewed this way:  76-100 considered low risk.   Scores above 140 being favorable, though many banks prefer scores above 160 . Does my personal credit matter to my business? Yes, you should always assume your personal credit will factor into how your...
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### Why did my credit score drop?
> Let's unpack the reasons your credit score might drop and understand how it can be a game-changer when seeking funding. Read about it here.
- Published: 2024-03-18
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/support-for-small-businesses/why-did-my-credit-score-drop/
- Category: SME support, Swoop guides, Blog
Understanding the dynamics of credit scores can often feel like navigating through a maze, with each turn influenced by various financial decisions and behaviors. For financial advisors and brokers, you’re expected to demystify this journey for your clients, providing them with the clarity and guidance needed to maintain or improve their financial health. Here at Swoop, we recognize the importance of a healthy credit score in securing loans and funding options. We’ll help identify the common reasons behind a drop in credit scores, underscoring the pivotal role such insights play in crafting effective investment strategies. Through Swoop Funding's lens, we aim to illuminate the path for finance professionals, enabling them to leverage our platform's unique opportunities to benefit their clients. Let's unpack the factors that can influence credit score fluctuations and how understanding these can be a game-changer in the financial landscape. What makes up your credit score? Your credit score is composed of five separate categories with different weights. Some affect your score more than others. Payment history (35%) Amounts owed (30%) Length of credit history (15%) New credit (10%) Credit mix (10%) 6 Reasons why your credit score has dropped A credit score is a dynamic metric that reflects your financial reliability. Its fluctuations can impact your ability to access various financial products. For clients navigating the complexities of their financial journey, understanding the reasons behind a credit score decline is crucial. This knowledge not only empowers them but also enables financial advisors and brokers to provide targeted...
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### How to calculate the cost of debt
> The cost of debt refers to the overall cost that a company pays on borrowed money. Find out how to calculate the cost of debt, and the formula here.
- Published: 2024-02-15
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-the-cost-of-debt/
- Category: SME support, Swoop guides, Blog
For small businesses or start-ups, securing funding is the foundation for expanding your company.   Business loans and lines of credit can provide the necessary capital but also come at a cost. Calculating your cost of debt helps you to figure out if taking on debt makes financial sense for your company's situation and future goals.   In this guide, we’ll explore how to calculate the cost of debt, why it matters to your business, and how working with a funding partner like Swoop can optimize the process. What is the cost of debt? The cost of debt refers to the overall cost that a company pays on borrowed money. This includes loans, bonds, credit lines, or any other form of debt financing.   The cost of debt is how much interest a company pays on borrowed money. This includes loans, bonds, credit lines, or any other form of debt financing.   There are two ways most businesses seek new financing — through equity financing or debt equity. With equity financing, an investor will provide capital in exchange for ownership of the company (a percentage of the company’s equity).   With debt equity, a company will receive financing as a loan to be repaid over time with interest. For most loans, the cost of debt depends on the interest rate, closing costs or added fees, and repayment timeline. The higher the interest rate and fees, the higher the total cost of debt.   Why does the cost of debt matter?...
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### Differences between a partnership and corporation
> When starting a small business, one of the most important legal and structural decisions you face is whether to start a partnership or corporation. Read more.
- Published: 2024-02-15
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/differences-between-a-partnership-and-corporation/
- Category: SME support, Swoop guides, Blog
When starting a small business, one of the most important legal and structural decisions owners face is whether to establish a partnership or corporation. The business structure you choose for your small business can impact everything from day-to-day operations, legal protections, taxation, and financing. Understanding key differences will ensure you choose the best structure to achieve your business goals and set your company up for success. What is a partnership? A partnership is a business structure owned by two or more individuals, known as partners. Partners equally share control over business decisions, profits, tax liabilities, and personal legal exposure. Partnerships are popular among smaller companies as they have low startup costs and require little paperwork. Registering a partnership involves filing a partnership agreement outlining profit/loss distribution and partners’ roles and rights. Common types of partnerships include: General partnership: Partners equally own and operate the business while sharing profits and losses. All partners participate in management decisions and carry unlimited personal liability. Limited partnership (LP): Includes at least one general partner who handles management plus limited partners who carry limited liability based on their investment portion. Limited partners typically can’t participate in daily control and operations. Limited liability partnership (LLP): Functions like a general partnership but partners have limited personal liability protection against co-partner malpractice or misconduct. Partners still carry unlimited liability for their own actions. Joint ventures: A project-based partnership where two or more businesses collaborate temporarily for a specific purpose under shared management and profit goals. Partnerships are easy...
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### At the end of the financial year: Are you ready for the year ahead?
> Whether last year was your best year, yet, or you are amazed to have survived, a large part of what happens in the future is in your hands. Read more here.
- Published: 2024-02-14
- Modified: 2024-12-02
- URL: https://swoopfunding.com/ca/blog/ready-for-the-year-ahead/
- Category: Swoop guides, Blog
Swoop looks at how businesses can take advantage of opportunities and make themselves more resilient in the new year. Whether last year was your best year, yet, or you are amazed to have survived, a large part of what happens in the future is in your hands. Will it be business as usual? Or do you hope to implement major changes? Do you need to reach more customers, or do you need to better look after the ones you already have? Are you generating more business or is there already too much to handle? At Swoop, we know small businesses. We speak to all kinds of businesses at different stages in their journey every single day. With the new year just around the corner, we wanted to share some of the ideas that have helped businesses overcome tough times and grow. Disclaimer: Every business is different, there is no “one size fits all”, so take only what is useful to you from this blog. Approaching year-end Have you ever noticed that when you impose a hard deadline, such as the end of the year or a period of leave, things get done? The lesson here is to impose more hard deadlines. Between now and the end of the year, you should ensure your financial housekeeping is in good order: Close the books accurately: Ensure your financial records are complete and up-to-date. Make sure you reconcile bank statements, categorize all transactions and prepare accurate financial statements such as profit and loss...
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### What is a DUNS number?
> A DUNS number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet. Learn all about it here.
- Published: 2024-02-09
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/what-is-a-duns-number/
- Category: SME support, Swoop guides, Blog
A DUNS (Data Universal Numbering System) number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet, a leading business information provider. This number is used to track your company's credit and financial history, as well as to verify your business's identity and legal status. As a small business owner in Canada, you might have heard of the term "DUNS number," but do you know what it really means or why it's important for your business? Keep reading as we explain everything you need to know about DUNS numbers, including who requires them, their advantages for your business, and how you can acquire one. Unlocking the benefits of a DUNS number Having a DUNS number for your business has several benefits. Firstly, it helps you establish credibility and trust with potential partners, suppliers, and customers by showing that your business is legitimate and serious about doing business. Secondly, it makes it easier for other companies to find and assess your company's creditworthiness, which can be helpful when applying for loans or seeking investment. In addition, having a DUNS number can open doors to government contracts and other business opportunities. Many government agencies and private companies require businesses to have a DUNS number to be considered for contracts or other partnerships. Obtaining a DUNS number is a smart move for any business looking to expand its reach and build a strong reputation within its industry. With its ability to enhance credibility, attract new customers and partners, and unlock new...
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### Income statements: The full guide
> An income statement is one of the three main financial reports for your business. Find out all you need to know about the income statements here.
- Published: 2024-02-07
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/income-statements-explained/
- Category: SME support, Swoop guides
An income statement is one of the three main financial reports for your company. It holds vital information about your business such as revenue and expenses – painting a clear picture of the company's profitability and operational efficiency over a specific period. This document serves as an essential tool for business owners, investors, and financial advisors to assess financial performance and make informed strategic decisions. Let's unpack the details of the income statement, including what it is, its importance and how to successfully prepare one.   What is an income statement? An income statement, also known as a profit and loss statement, is a fundamental financial document that provides a snapshot of a company's financial performance over a specific period. This statement records all revenues and expenses of the business, ultimately revealing the net profit or loss incurred. What does an income statement look like? An income statement consists of revenue, expenses and profits. Each section holds different line items that will convey the money earned (revenue), the money spent (expenses) and how much of the money you retained (profits. ) See the image below for an example of what a simple income statement would look like.   Source: Swoop Funding. com What does an income statement include? Every company is different and will prepare their income statement depending on their industry and business accounting practices. But the main components of an income statement should be similar to the following: Sales or revenue Cost of goods sold (COGS) Gross profit...
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### What are assets, liabilities and equity?
> Assets, liabilities and equity are three elements of a company's balance sheet. Learn ut all you need to know about them here, alongside their uses.
- Published: 2024-02-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/what-are-assets-liabilities-and-equity/
- Category: SME support, Swoop guides
Assets, liabilities and equity are three core elements of a company's balance sheet. They offer a look at what your company owns, owes and allows you to know the true performance both past and present so you can make strategic plans for the future.   Examples of assets, liabilities and equity Assets, liability and equity all have their differences but they overlap and weave together on your balance sheet. Being able to organize them correctly will make the difference in a correct balance sheet or a clustered one. Let’s look at them individually.   Assets Assets simply put are what you own. They are thel resources a company owns and uses for its operations, contributing to revenue generation. They are broadly categorized into: Current assets: Easily convertible into cash within a year. Cash and cash equivalents Accounts receivable Inventory Non-current or fixed assets: Long-term investments, offering benefits beyond one year. Property, plant and equipment (PP&E) Intangible assets (e. g. , patents, trademarks) Long-term investments How to calculate total assets The total assets of a company are the sum of its current and noncurrent assets. The formula is straightforward: Total assets = Current assets + Non-current assets Let’s take this formula and consider a simplified scenario for a business.   Current assets: Cash: $20,000 Accounts receivable: $15,000 Inventory: $10,000 Non-current assets: Property and equipment: $50,000 Intangible assets: $5,000 If you were needing to calculate your total assets, you would use the formula as so:Total assets = $20,000(Cash) + $15,000(Accounts receivable) +...
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### Funding fundamentals for first time founders
> Your number one role as founder is to manage the cash. Whatever your company does, keeping the business solvent is your highest concern. Read more here.
- Published: 2024-01-18
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/funding-fundamentals-for-founders/
- Category: SME support, Loans, Blog
If you’re planning to start your first business in 2024, here’s what you need to know about funding - and why it matters. You have decided to start your own business. First, congratulations! At Swoop we love entrepreneurs, and here’s why: At the start of 2023 there were 5. 6 million small and medium sized enterprises (SMEs), accounting for 99. 9 percent of the business population, three-fifths of employment and around half of revenue in the private sector. SMEs make a huge contribution to innovation, variety and employment. It’s a big, brave move and at Swoop, we salute you. How much money have you got to get going? This is absolutely fundamental. While “regular life” is measured by many metrics such as health, happiness and catching snowflakes on your tongue, when it comes to business, there is a clear line between a company that is a going concern and one that isn’t. And it all comes down to money. Whether this means you have saved six months of salary in your bank account or have secured funds for a management buyout or are investing in a piece of machinery, how you fund your business is important to how you get started and how you keep it going. Half of all businesses fold within five years, so getting the funding right is crucial to making sure you are not one of them. Your number one role as founder is to manage the money. Whatever else your company does, be you a...
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### How to get a startup loan
> Startup loans are a great way for a business to launch with a bang: they are offered at a competitive rate and often come with professional advice. Apply today.
- Published: 2024-01-18
- Modified: 2024-07-23
- URL: https://swoopfunding.com/ca/business-loans/how-to-get-a-startup-loan/
Every business founder should investigate whether a startup loan is right for them. Startup loans are a great way for a business to launch with a bang: worth up to $25,000 per company director, they are offered at a competitive rate of just 6 percent (at time of writing, January 2024) and often come with mentoring and professional advice. If your business is less than three years old, you should consider this as a source of funding. Let’s look at what you need to have in place to apply and how to maximise your chances of success. Before you apply Craft a solid business plan: a well-written business plan demonstrates your viability and seriousness to lenders. You’ll find plenty of resources and templates online to help you map out your business idea, market analysis, financial projections, and marketing strategy. Assess your financial needs: it’s important to have a plan about how you will use the money. Show how much capital you need for things such as operations, equipment, inventory, and marketing. Overestimating can see you saddled with unnecessary debt, while underestimating can hold back your growth. Boost your credit score: a strong personal and business credit history will stand you in good stead for future borrowing and indicates the general health of your business. Lenders (and potential future investors) consider your credit score to be a key indicator of your ability to manage finances responsibly. Explore funding alternatives: Startup loans should be considered alongside other sources of funding such as...
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### Resolutions for 2024: Don’t do more - do what you do better
> Instead of giving you a list of things to feel guilty about, we’ve put together a list of habits that will help your business grow. Read more here.
- Published: 2023-12-08
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/resolutions-for-2024/
- Category: SME support, Blog
If your good intentions evaporate before February, here are some tips to embed better habits for the year ahead. At Swoop, we know that telling you to adopt some new years resolutions is pointless: they never last beyond the second week in January, and besides, founders have enough to do without quitting chocolate. Instead of giving you a list of things to feel guilty about not doing, we’ve put together a list of habits that will actually help your business grow in the next 12 months - and won’t be difficult to keep up. We’ve put together a mix of regular habits and some one-off tasks that you can come back to in the spring when enthusiasm is picking up again. 1. Manage your time Remember why you wanted to start your own business? It was to be in control of your own income, time and life. It’s too easy for “urgent” tasks to squeeze out the “important” tasks. So audit the time you’re spending, make sure you’re doing the right thing by yourself and re-set boundaries where you have to. They say that investing in yourself is never a waste of time or money, so make sure you’re taking time out to look after yourself physically and mentally. Make a list of the things you don’t enjoy doing, things you’re not good at and things that take you more time than they should - and delegate, automate or eliminate. This will free up time to... 2. Read more Reading...
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### Debtor days: All you need to know
> Cash flow is one of the indicators that a business is doing well. Pay attention to debtors day to make sure your company is healthy. Learn more here.
- Published: 2023-11-24
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/debtor-days/
- Category: SME support, Blog
Cash flow is one of the key indicators that a business is doing well. To ensure your company’s financial health, you need to pay attention to the fundamentals including debtor days. What are debtor days? Debtor days is the average time it takes for customers to pay their invoices. The sooner they pay, the stronger your cash flow. If clients keep on delaying payments, it may cause problems like increased debt, costly overdrafts, delayed payroll and vendor payments, and missed growth opportunities. Why are debtor days important? It’s important to find a way to limit the number of debtor days to keep your business’ cash flow healthy. Don’t wait until your working capital is fully stretched due to delayed client payments. Debtor days indicate your company’s liquidity, and it measures your business’ ability to handle unexpected costs and sustain your day-to-day operations. Make sure to calculate and track your debtor days, so you can stay on top of your business and take action before serious cash flow problems arise. The shorter the debtor days, the better. How do you calculate debtor days? Manage your receivables well and improve your company’s liquidity by calculating and monitoring this important metric. Debtor days formula Just follow this formula to calculate your debtor days ratio. Debtors days = (average account receivables / annual total sales ) x 365 days For example, if your average account receivables is 3,000,000 and the annual total sales is 20,000,0000, your debtor days is 54. 75 days Debtors days...
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### Three strategies to hiring the A-team your startup deserves
> Putting together a team could make a big difference when it comes to getting funding. What should you consider when finding your own A-team? Read more here.
- Published: 2023-11-16
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/hiring-an-a-team/
- Category: SME support, Swoop guides, Blog
With VCs keen to work with the best team possible, how do you make sure your talent will attract investors? There is an old saying among VCs that says it’s better to work with an A-team with a B-idea than a B-team with an A-idea. What are the benefits of prioritising the team? Investors need to trust the businesses they work with An experienced team will recognise danger signs early A good team will work together well to resolve issues Putting together a great team could make a big difference when it comes to securing funding. What should you consider when assembling your own A-team to begin with? Here are Swoop’s three strategies for making sure you have the right people around you. STRATEGY #1: Think of your weak spots Your startup will not have the experience or expertise in every field. Be humble, consider which weak spots your startup has and hire to fill those gaps. Some founders may be intimidated by others that have expertise where they are least knowledgeable. Understandably, it can also be very tough to hand over control of your business to others whom they might not know and trust. Consider the knowledge you already have and how long you have spent to acquire this. It is important to be self-aware, think of the value these hires would mean for your startup, rather than shifting your focus to learn the ropes. New hires are important and require extra attention and care. Spend some time on...
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### Are you one of the businesses threatened with closure because you cannot access funding?
> One in ten businesses is said to fail because of funding issues. At Swoop, we’re doing what we can to turn this trend around. Learn all about it here.
- Published: 2023-11-08
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/is-your-businesses-threatened-with-closure/
- Category: SME support, Blog
An astonishing one in ten businesses is said to fail because of funding problems. At Swoop, we’re doing what we can to turn this trend around. According to new research, one in ten Canadian businesses fails because they cannot get enough funding. With SMEs making up a huge proportion of Canada’s businesses, supporting the economy and providing innovation, employment and opportunity across the country, it is no less than worrying that so many of them should be facing closure. The question has to be: why are so many businesses struggling to get the funding they need to survive, let alone thrive? Lack of experience: Many entrepreneurs do not have the experience or knowledge to put together a strong funding proposal. Poor financial planning: Businesses need to be able to demonstrate that they have a clear plan for how they will use the funding and how they will generate a return on investment. Economic downturn: During economic downturns, businesses are often more reluctant to invest in new ventures. Failure to understand the funding market: too many business owners are going to their bank as a first and only option. How can Swoop help your business? Swoop’s mission is to ensure that every business has access to the funding it needs to grow. While there will always be closures - the landscape changes, not every business idea is a good one and competitors will always try to take market share - Swoop is able to help on a number of fronts. First,...
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### How to promote your business
> Promoting your business is important to ensuring customers know what your business offers. Read our full guide on how to promote your business here.
- Published: 2023-10-11
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-promote-your-business/
- Category: SME support, Swoop guides, Blog
If you’re starting a small business, you’re unlikely to have a huge budget to put behind promoting it. That means any dreams of a dazzling marketing campaign might have to be put on hold. But it doesn’t mean you can’t find an effective way to advertise your business and get it noticed. Promoting your business is key to ensuring potential customers know what your business offers and how you can help them. This comprehensive blog offers some top tips on how to start promoting your business locally, via social media and online, as well as tips on what to avoid. Promoting your business: dos and don'ts Before you start, take a look at the following dos and don’ts. Do... Take a look at your competitors to see how they promote their businesses Know your target audience Consider how you will measure the success of your marketing efforts Have a schedule so that you know exactly what will be promoted and when Don’t...   Use jargon and buzzwords that your audience might not understand Get disheartened if things don’t go your way immediately. It can take time to get your promotional activities right and learn from your mistakes Spend time on platforms your target audience doesn’t use Focus all your marketing budget on one area How to promote your business locally As a first step, it’s worth developing a local client base as this can enable your business to grow. It won’t massively eat into your budget and can help you...
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### Nurturing your mental health: 9 ways to manage mental health as a business owner
> Running a business can be rewarding, but it also comes with a lot of challenges that can take a toll on you. Read how to manage your mental health here.
- Published: 2023-10-09
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/mental-health-as-a-business-owner/
- Category: Swoop guides, Blog
Why is mental health important for business owners? Running a business can be immensely rewarding, but it also comes with its unique set of challenges that can take a toll on your mental health. The pressure to make critical decisions, handle financial responsibilities, and manage a team can be overwhelming. In this blog, we'll explore effective strategies for managing your mental health as a business owner. 1. Prioritise Self-Care: Self-care is often underestimated but is essential for maintaining mental well-being. Make time for activities that help you relax. Whether it's yoga, meditation, reading, or simply taking a walk in nature, incorporating self-care into your routine can reduce stress and improve your mental health. 2. Set Realistic Goals: Setting unrealistic expectations can lead to frustration and anxiety. Instead, set achievable goals and break them down into manageable steps. This not only reduces stress but also provides a sense of accomplishment as you reach each milestone. 3. Delegate and Seek Support: You don't have to do everything yourself. Delegate tasks to capable team members and consider outsourcing when necessary. Seek support from mentors, business advisors, or mental health professionals who can provide guidance and a fresh perspective. 4. Maintain a Work-Life Balance: Balancing work and personal life is crucial. Set boundaries for work hours and ensure you allocate time for family, friends, and hobbies. Disconnecting from work during your downtime allows you to recharge and maintain a healthier mental state. 5. Manage Stress: Stress is inevitable, but how you manage it can...
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### How to get investors to say “yes”
> What does it take to get an investor to “yes”? Read all about how to win investors' trust and secure funding here.
- Published: 2023-10-06
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/equity-financing/how-to-get-investors-to-say-yes/
One word. Three letters. But it could be the turning point for your business. What does it take to get an investor to “yes”? In this article we're going to explore the art of winning investors' trust, touching their emotions and triggering their fear of missing out, to secure the crucial funding you require for your startup. . stk-7d4c11f{height:20px ! important} Trust in the investment Your first hurdle as a startup founder is this: Why would someone who doesn’t even know you give you thousands or sometimes millions of pounds? Your pitch deck will do a lot of the ground work here, showcasing your great business with good scalability, commercial traction, and the other vital components. The other part of your issue is why the investors should empathise with you. Being your authentic self is vital in instilling trust and creating a connection with people who are often on the other side of a screen. Transparency is the cornerstone of trust. This means being upfront about your financials, progress, and even the challenges you might face. While it’s important you don’t waste your investors' time with irrelevant information, transparency is about revealing both the good and the bad news. Too often, bad news gets covered up or sugarcoated in hope that things will magically improve; they rarely do, and investors will find out. You need to convince your investors that you are a straight shooter. Otherwise, you are simply setting yourself up for failure. A big challenge is conveying your brand...
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### Canadian small businesses: 10 surprising facts
> Canada's economic success is fueled by its small but mighty businesses! At Swoop, we know SMEs pretty well. But how many of our facts about SMEs do you know?
- Published: 2023-09-21
- Modified: 2024-05-31
- URL: https://swoopfunding.com/ca/blog/facts-about-canadian-smes/
At Swoop we know all about small businesses - do you? Whether you’re a regular at your local mom-and-pop bodega, have a favorite neighborhood restaurant or your kids attend a nearby nursery, chances are that small businesses are part of your life (you might work or run one yourself).   What is an SME? The economy thrives on small and medium-sized enterprises (SMEs - sometimes called small and medium businesses, or SMBs). Canada's economic success is fueled by its small but mighty businesses! With SMEs representing a whopping 99. 8 percent of all enterprises in the country, they're the rocket fuel in the tank of Canada's prosperity. At Swoop, we know SMEs pretty well. But how many of our facts about SMEs do you know? 1. There are over a million SMEs in Canada That’s about one business per 30 Canadians. If you don’t work in one, know someone who works in one or know someone who owns one... how? 2. SMEs are responsible for the majority of Canadian exports Canadian SMEs are ambassadors for our country around the world: SMEs produce 43 percent of all of Canada’s exported goods. In 2020, a massive 48,325 Canadian businesses exported - and 97. 5 percent of those businesses were SMEs. 3. SMEs have created over 10 million jobs in Canada If you have a job, it’s likely with an SME: small and medium-sized businesses employ 88. 3 percent of Canada’s private labor force. 4. More than 50 percent of SMEs have fewer...
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### How to download a bank statement
> If your business uses online banking, there can be times where you need to download a bank statement. Learn all about the process in our guide.
- Published: 2023-09-18
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/blog/how-to-download-a-bank-statement/
- Category: SME support, Swoop guides, Blog
If your business uses online banking, there might be times when you need to download a bank statement. If you’re not quite sure what the process involves or how to go about it, this blog runs through all you need to know. What is a bank statement? A bank statement summarises all of your business transactions over a set period of time. This is usually one month (or 30 days). Whether it’s a paper copy or a digital one, a bank statement enables you to quickly view all the financial transactions that have gone into and come out of your business bank account, as well as what your current bank balance is. Business bank statements provide valuable information and can help you to better manage your business finances, so it’s certainly worth understanding how they work. Some of the information listed on your bank statement includes: Your bank’s information: This might include the name, address and phone number of your bank. Your business information: Including the name of your business and address, plus your account number and sort code. Account summary: This shows the account balance at the beginning and end of the set period (usually a month), as well as the total deposits and withdrawals. Individual transactions: The main part of the bank statement highlights the date, description, amount and account balance after each transaction. How to download a bank statement online Managing your business bank account online makes it quick and easy to view your banking transactions and...
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### Business models: Types, examples, and how to design one 
> All businesses need a business model, no matter what industry they're in. Read more about business models, what they are, and how to design one here.
- Published: 2023-09-18
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/business-models-types-examples-and-how-to-design-one/
- Category: SME support, Swoop guides, Blog
Every business needs a business model, no matter what industry they operate in. Taking the time to assess what type of business model will help you achieve your goals as well as understanding how to design one is key to helping you succeed. Here’s what you need to know. What is a business model? In a nutshell, a business model is a company’s plan for making money. It should outline: What product or service the company will sell How it plans to market it Who the target market is What expenses the company will face How the company expects to make a profit. A business model can help new businesses attract investment as well as motivate team members. It should cover projected startup costs and include a marketing strategy and competitor review. It should help potential investors understand exactly how the business makes money. But business models are also useful for established companies. These businesses should take the time to regularly review and adapt their business model to be able to anticipate trends and challenges that lie ahead.   Keep in mind that while a business model and a business plan are both key elements of your overall business strategy, they are not the same. A business model shows how your business will generate revenue and reach profitability, while a business plan digs a little deeper and looks at how you will implement your business model. This includes looking at operational practices and what goals you need to reach by...
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### How to run a successful business
> You hear the term ‘successful business’ often, but what does that mean? Find out here, and our best tips for running a successful business. Get started.
- Published: 2023-07-12
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-run-a-successful-business/
- Category: SME support, Swoop guides
Millions of businesses were launched in Canada in 2022. They joined the millions of existing organisations that already power our economy. Some of these many businesses will fail, but many others will succeed, with some becoming giants and major household names. But what is it that makes the difference between a business that succeeds and one that doesn’t, and how can you ensure your business is in the winning circle? Read on to discover all you need to know about running a successful business. How do you define 'success' You hear the term ‘successful business’ quite a lot, but what does that mean? For many people, it means a business that makes strong profits and for the owners, delivers wealth and a good lifestyle. However, the truth is, ‘success’ in business can mean many things: It could mean delivering ground-breaking innovation and creating revolutionary products and services. Or it may mean giving your customers the best customer experience possible. For some, like non-profits, success may mean helping others and delivering on a cause or a mission. Or it may just mean you get a lot of satisfaction out of what you do. So, success in business can mean whatever you want it to mean, but no matter what your definition is, sticking to a plan and keeping sight of your goals are essential to succeed.   What are the steps to running a successful business? Building and running a successful business is hard work and if you’re starting a new...
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### Small business bookkeeping: The complete guide
> A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and more.
- Published: 2023-07-10
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/blog/small-business-bookkeeping-the-complete-guide/
- Category: SME support, Swoop guides
A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and structure to business performance, and gives business owners and managers clear sight of how well their business is working. What is bookkeeping? Bookkeeping is a vital role for the smooth functioning of a small business. It involves the day-to-day recording and reporting of an organisation’s financial information, and it is different to accounting, which is the process of using the business’ data to establish its financial position and make decisions about how the finances are managed. Bookkeeping involves a variety of activities, including: Keeping sales and purchase ledgers to track income and expenses Monitoring cash flow Making payments to suppliers  Chasing payments from customers Ensuring the business pays its taxes on time and pays the correct amount due  Claiming tax back against business expenses Managing staff payroll and paying and reporting PAYE to CRA  Why do small businesses need to do bookkeeping? Bookkeeping is necessary for these important reasons: It allows the business to keep on top of money owed to suppliers and from customers, understand its cash position and cashflow, and to measure its financial performance. It ensures the business does not fall foul of late charges or penalties from CRA or miss other mandatory expenses, such as business rates. It gives the business the records and information it will need to secure loans and credit from banks and suppliers, or grants from public sources. It allows the...
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### Best business banking apps
> Modern business is a 24/7 experience, with many UK SMEs working round the clock, or needing access to their money any time of day. See our comparison here.
- Published: 2023-07-10
- Modified: 2024-05-27
- URL: https://swoopfunding.com/ca/business-bank-accounts/best-business-banking-apps/
- Category: SME support, Swoop guides
Modern business is a 24/7 experience, with many UK SMEs working round the clock, or needing access to their money any time of day. Business banking apps are the digital passport to complete banking freedom, giving account holders control of their cash, anytime, anyplace, anywhere. Read on to learn more about the UK’s best business banking apps and how they can unlock a whole new world of business opportunities.   What is a business banking app? It’s a digital banking application that operates via your mobile phone or as a desktop version that you can access via your computer. Business banking apps give the account holder real-time access to their money, plus a host of banking services, such as payments, transfers, transaction histories, loans, automatic invoicing, and foreign currency exchange. Business banking apps are operated and provided by two types of financial institution – the traditional high street banks, and ‘challenger banks’ who are the newer, digital rivals attempting to revolutionise the way UK SMEs bank. Many of the challengers do not call themselves banks, they prefer to be known as ‘digital platforms’, but the services they offer often mimic those provided by the old guard such as Santander and Barclays Bank. Why use a business banking app? In a word, convenience. Since the arrival of true open banking in 2005 it has become much easier for SMEs to access their business bank account, and now, businesses – limited companies, sole traders, freelancers and gig workers – expect to be...
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### Soft asset finance: What you need to know
> Soft assets refer to intangible assets that hold significant value for businesses. Read more about soft assets and get started with Swoop.
- Published: 2023-06-30
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/asset-finance/soft-asset-finance/
- Category: SME support, Swoop guides, Asset finance
When it comes to financing your business, it's important to understand the concept of soft assets. What is classed as a soft asset? Soft assets refer to intangible or non-physical assets that hold significant value for businesses. These assets can include intellectual property, software, licenses, trademarks, patents, and even specific types of equipment, such as commercial ovens used in the catering sector. Difference between a hard and a soft asset It's crucial to differentiate between soft and hard assets. Unlike soft assets, hard assets are tangible and physical items that have intrinsic value, and maintain their value more than a soft asset. Hard assets typically include vehicles (cars, trucks, buses and coaches, and agricultural machines such as tractors), industrial machinery, plant equipment (yellow metal), and engineering equipment. Assets that are outside of this range will fall under the soft asset category. The primary distinction lies in the nature of these assets. Soft assets, being intangible, can be challenging to value accurately. Traditional lenders often hesitate to provide financing for soft assets due to the absence of physical collateral. This is where soft asset finance comes into play, offering tailored funding solutions that address the unique characteristics of intangible assets. What are the benefits of financing soft assets? Financing soft assets offers several advantages for businesses that heavily rely on intangible assets. Consider the following benefits: Preserving cash flow: Soft asset financing allows businesses to preserve their cash flow by spreading the cost of acquiring or developing intangible assets over time....
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### Grants newsletter: growth, sustainability and jobs in manufacturing - your latest grants news
- Published: 2023-06-16
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/grants-newsletter-growth-sustainability-and-jobs-in-manufactoring-jobs-your-latest-grants-news/
- Category: Grants newsletter
Hello! Canada’s wildfires have made international headlines this month. In this newsletter, you’ll find a grant to help your business reduce carbon emissions, as well as promote technology, manufacturing and growth:Green Industrial Facilities and Manufacturing ProgramTechnology Investment Program CMEBC Manufacturing Jobs FundGrow Ontario Market Initiative Further details and links to applications below - happy reading! #TeamSwoopThe usual disclaimer: Swoop Funding does not review or fund these grant applications. SPEAK WITH OUR FUNDING MANAGER TODAY Green Industrial Facilities and Manufacturing Program Under the Industrial Facility track, eligible projects include those that support the implementation of energy efficiency and energy management solutions. These activities are intended for industrial facilities that are engaged in energy consuming processes that involve the physical or chemical transformation of materials or substances into new products. Eligible recipients under the Industrial Facility track are Canadian facilities in any industrial sector that are engaged in energy consuming processes that involve the physical or chemical transformation of materials or substances into new products, regardless of the size of the facilities. The maximum amount of NRCan funding that can be requested under Track 2 is $10 million. Closing date: Monday 31 July 2023 11:59pm Check if you are eligible here Technology Investment Program CME Ontario manufacturers remain slow adopters of advanced manufacturing technology such as robotics, artificial intelligence, advanced networks and the Internet of Things. The Technology Investment Program seeks to reverse a 14. 8 percent fall in machinery and equipment (M&E) investment in Ontario. The program provides direct financial assistance...
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### How to get venture capital funding
> If you’re seeking funding to help get your business launch or to help it expand, venture capital funding is one option worth exploring. Learn more here.
- Published: 2023-05-30
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/equity-financing/how-to-get-venture-capital-funding/
- Category: SME support, Equity
If you’re looking for funding to help get your business off the ground or to help it expand, venture capital funding is one option worth exploring. It won’t be the right choice for every business, but if you think it could work for you, here’s what you need to know.   What is venture capital funding? Venture capital funding is a type of financing that investors provide to startup companies and early-stage businesses that are believed to have long-term growth potential.   Venture capital (VC) can be thought of as a subset to private equity. Venture capitalist firms tend to invest in promising startups that need growth capital and business expertise to help take them to the next level. Private equity firms, on the other hand, tend to invest in established businesses that might want a cash injection or new strategy to move them forwards. How do venture capital funding investors differ from traditional investors? Venture capital investors tend to offer financing to startups and small businesses that are likely to generate high rates of growth and above-average returns. Venture capital funding tends to come from wealthy investors, investment banks and other financial institutions.   VC firms have considerably more to invest (typically more than $250,000) compared to other investors because they typically pool funds from other investment companies, large corporations and pensions. In return for their investment, they get a large stake in the company. This means they will have a say in how you run your business, including...
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### How to buy a business with bad credit
> Don’t let bad credit stand in the way of a great business. You may have to clear some extra hurdles to secure the financing you need, but it can be done.
- Published: 2023-05-25
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-buy-a-business-with-bad-credit/
- Category: Swoop guides, Business acquisition
Don’t let bad credit stand in the way of a great business. You may have to clear a few extra hurdles in order to secure the financing you need, but it can still be done. Here’s some information to help make it happen. Let’s start with the good news. Your credit score is only one of five criteria that financial institutions traditionally assess when considering a business loan application. So, even if you have bad credit, you still have an opportunity to show a potential business loan provider your other strengths. Here are the five Cs of business loan credit: Character: How credible and trustworthy are you? While your credit score is part of the answer here, there is also your education, your work history, your entrepreneurial experience, and your notable accomplishments. Capital: How much capital (money) are you investing in the project? The more capital you contribute as a percentage of the overall project, the more committed you will be, and the less risk you are asking the lender to take on. Capacity: How much debt will you be carrying? Your debt-to-income (DTI) ratio looks at how much you make versus how much you are paying towards debt on a regular basis. Your capacity to borrow is generally limited by a maximum acceptable DTI. Collateral: Is there a home or other asset that the lender can seize if you fail to repay? Having collateral to pledge can greatly reduce the risk to the lender. This makes it easier to...
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### How to agree to a business sale price
> You’ve finally found a business that you want to buy. Now it’s time to agree on a purchase price. Here’s how to negotiate with confidence.
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-agree-to-a-business-sale-price/
- Category: Swoop guides, Business acquisition
You’ve finally found a business that you want to buy. Now it’s time to agree on a purchase price. Here’s how to calculate a company valuation so you can negotiate with confidence. Determining a company’s valuation and agreeing on a sale price can sometimes be more art than science. There are many factors that can determine the answer, and at least some of them are difficult to quantify. For example, what will the future hold? Will future business performance be consistent with the past? Will it be made more difficult by emerging challenges? Or will it be accelerated by new trends? As someone who wants to buy a business, your job is to conduct a valuation that you feel comfortable with, and engage in a dialogue with the seller. The seller may have already indicated their asking price, and you might have already given them a Letter of Intent to start the negotiation with an offer price. Ideally, you can each present your quantitative and qualitative assessments of the business and continue the dialogue until you reach an agreement. Conduct a business valuation If you have indicated to a seller that you are interested in buying their business, what typically follows is a due diligence period. During this period, you should be granted access to the inner workings of the business, from tallying up its inventory and reviewing its payroll, to analyzing its finances and reviewing its customer lists. The purpose of this process is for you to make sure...
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### Complete guide to vendor financing
> When it comes to acquiring an existing business, the seller can actually be one of the most flexible sources of funding. Here’s a complete guide to vendor financing
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/complete-guide-to-vendor-financing/
- Category: Swoop guides, Business acquisition
When it comes to acquiring an existing business, many purchasers find that the seller can actually be one of the most flexible sources of funding. Here’s a complete guide to vendor financing — what it is, how it works, and how to make it work for you. If you want to buy a business, you need to understand that vendor financing is not the same as financing provided by a bank or other financial institution. The lender in this case is actually the seller of the business. Why would this type of funding be desirable? Here are some of the main reasons: Vendor financing can close the gap if you have trouble raising enough funds from equity investors and other types of lenders. Vendor financing leaves room for flexibility and creativity because it is not subject to the formalities of traditional lenders. Vendor financing terms can include methods of recourse and accountability in the event some aspect about the business or the transition process does not live up to the agreement. Vendor financing gives the seller a financial incentive to help you succeed as the new owner. For all of these reasons and more, vendor financing can be a strategic move. Keep reading to learn more. What is Vendor Financing? Vendor financing (also known as vendor take-back or VTB for short) is a form of business acquisition debt. Typically, the seller or vendor of the business agrees to receive part of the purchase price from the buyer over a set...
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### Pros and cons of buying a business: is it right for you?
> There’s no question that you have an entrepreneurial spirit. The question is whether you should buy an existing business or start a new one from scratch.
- Published: 2023-05-25
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/pros-and-cons-of-buying-a-business-is-it-right-for-you/
- Category: Swoop guides, Business acquisition
There’s no question that you have an entrepreneurial spirit. The only question is whether you should buy an existing business rather than start a new one from scratch. Here are some pros and cons of buying a business to help you decide. One of the best parts of owning a business is getting to do everything your way. Ironically, this can also be the downside of business ownership — you’ve got to figure everything out for yourself. And it’s not easy. According to data from the Bureau of Labor Statistics, half of small businesses fail by year five, and 70% disappear within 10 years. One potential way to increase the odds of success is to purchase an existing business that has already proven itself to be viable. While you may not get the same thrill as starting with a blank slate, you might get other things - like an easier time accessing capital, a ton of legwork already done for you, and the ability to make money right away. At the end of the day, whether to buy or build is a personal decision. Building is generally riskier and more difficult, but may be more rewarding. Buying is generally safer and easier, but may not scratch that entrepreneurial itch in quite the same way. Keep reading for more pros and cons. Pros of buying a business Some people find it surprising that anyone would want to sell a successful business. But business owners have many reasons for wanting to sell....
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### Checklist for buying a business
> Buying an existing business may have advantages over starting from scratch, such as existing operations, customers, and cash flow. See a checklist here.
- Published: 2023-05-25
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/checklist-for-buying-a-business/
- Category: Swoop guides, Business acquisition
Buying an existing business may have advantages over starting from scratch, such as existing operations, customers, and cash flow. But the due diligence process can be quite involved. Here’s a checklist to help you do it right. Buying a business can be an exciting and deeply engaging experience. Here are some of the main steps to follow: Decide on the type of business. Where do your interests lie? Which industries align with your skills and experience? Do you want it to be home-based? Do you want to keep it small or run a large team of people? Assemble a team. Before you start seriously looking for an acquisition target, it’s smart to have some professionals around you. Your team might include an accountant to help you analyze the businesses, a lawyer who can draw up offers and contracts, a financial advisor to help with your personal finances, a banker or lender who can assist with financing, and potentially a business broker who can help you source deals. Select a potential acquisition. Based on the criteria you set and any input from your team, start by identifying a business for sale that you believe is worth investigating more closely. Write a Letter of Intent. Your lawyer can help you draft a Letter of Intent that tells the seller you are interested in their business. This letter will typically include a non-disclosure clause and some parameters around a due diligence period, during which time you will be allowed to examine the business...
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### Grants newsletter: help with agriculture, energy, development and jobs
- Published: 2023-05-19
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/grants-newsletter-help-with-agriculture-energy-development-and-jobs/
- Category: Grants newsletter
Government money is available to businesses that are essential parts of the economy and in this newsletter we’ve rounded up the latest information on the available grants that you could be eligible to apply for. In this edition of the newsletter:Agri-Food Energy Cost Savings InitiativeSustainable Canadian Agricultural PartnershipThe Eastern Ontario Development Fund (EODF) and the Southwestern Ontario Development Fund (SWODF)Canada-Ontario Job GrantFurther details and links to applications below - happy reading! #TeamSwoopThe usual disclaimer: Swoop Funding does not review or fund these grant applications. SPEAK WITH OUR FUNDING MANAGER TODAY Agri-Food Energy Cost Savings Initiative The Agri-Food Energy Cost Savings Initiative helps agri-food processors invest in purchase or modification of equipment and technology that improves energy efficiency. This includes water use, monitoring controls, renewable energy, heating and refrigeration. Your business could receive 20 percent of eligible costs up to a maximum of $300,000 in funding per project under the initiative. Closing date: Monday 5 June 2023 11:59pm Check if you are eligible here Sustainable Canadian Agricultural Partnership The Sustainable Canadian Agricultural Partnership (SCAP) offers support to businesses operating in the agricultural sector in Canada. SCAP aims to encourage adoption of sustainable agriculture practices through financial assistance, research, and education. Funding programs are available to help businesses invest in new infrastructure, equipment, and technologies that will improve their operations and environmental sustainability. The partnership emphasizes collaboration between government, industry, and academia to improve efficiency, profitability, and sustainability in the agriculture sector. Check if you are eligible here The Eastern Ontario Development...
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### How to pitch a business idea
> It can be easy to come up with a business idea, but knowing how to pitch it is a different matter. Read our top tips for a successful pitch here.
- Published: 2023-05-14
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-pitch-a-business-idea/
- Category: SME support, Swoop guides, Blog
It can be easy to come up with a business idea, but knowing how to pitch it is an entirely different matter. Pitching a business idea can be a nerve-wracking experience, but doing it effectively is key to getting others on board and turning your vision into reality. To help set you up for success, here’s our step-by-step guide on how to pitch a business idea.   What makes a great pitch? A great pitch needs to grab the attention of your listener and give them a clear picture of your idea or concept. To do this, it’s crucial that you fully understand your idea, your growth strategy and your overall business plan. You need to understand the steps that are required to make your idea a reality and be able to instil confidence in your investors that they can expect a return on investment.   To have the best chances of persuading others that it is a worthwhile investment, you’ll need to be able to show complete confidence in your business idea when you’re pitching it. Pitch a business idea in 5 steps: Identify your target audience As a first step, it’s crucial that you research potential investors to establish who you need to pitch to. Getting the right investment is not only about money – it’s also about building a partnership. When researching investors, consider factors such as the types of industries they invest in. This can help you to tailor your pitch and concentrate on their priorities....
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### How to do a stocktake
> Controlling your stock is crucial if you want to measure performance. Read more here where we cover all you need to know about how to do a stock take.
- Published: 2023-05-13
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-do-a-stocktake/
- Category: SME support, Swoop guides, Blog
Controlling your stock is important if you want to be sure you’re accurately measuring efficiency and performance. This guide covers all you need to know about how to do a stocktake. What is a stocktake? A stocktake is the process of counting and recording the amount and value of stock a business currently has.   It’s best to carry out a stocktake at regular intervals, say every month, so that you can keep track of how much stock you have. You can choose to carry out your stocktake manually or with the help of technology, but the aim is to get an accurate count of everything.   Why are stocktakes important? Stocktakes are important because they help with your stock control. If you’re a business that sells food, for example, you will need to know when items are due to go out of date so that you can take them off the shelves and restock them with fresh products. A stocktake can also be used to: Help determine the cost of goods sold Reduce overstocking on items you don’t need Ensure you have enough of a certain product to meet demand Assess whether your ordering process is efficient  Identify any missing or damaged items.   Regular stocktakes will also show you how much of your cash is tied up in stock and help you maintain a good cash flow. What records do I need to keep during a stocktake? When you carry out a stocktake, you’ll need to have a...
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### How to set up a cleaning business
> Dreaming of starting your own cleaning business? In this guide we talk about everything you need to know about the process of getting set up.
- Published: 2023-05-12
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-a-cleaning-business/
- Category: SME support, Swoop guides, Blog
Thinking about starting your own cleaning business? Here’s everything you need to know about the process of getting set up, from carrying out research and buying the right equipment to writing a business plan and hiring staff.   Why start a cleaning business? There are many benefits to setting up a cleaning business. For a start, it’s a business that’s in demand. The cleaning industry had a market size of $9 bn in 2022 and employs approximately 190,000 people. Furthermore, the cleaning industry has grown since 2017 and is expected to continue this development. Another advantage of setting up your own cleaning business is that startup costs are low. You won’t require a storefront and there are no upfront costs associated with buying stock as you won’t be selling products. All you’ll need is suitable cleaning products, a mode of transport and insurance.   Further benefits include flexible work schedules where you can pick and choose your own hours, the option to turn down jobs you don’t fancy, and the fact you don’t need to have stacks of qualifications to get started.   Key steps to starting a cleaning business Market research If you’ve decided to go ahead and start your own cleaning business, your first step is to carry out some market research. You need to think about what type of cleaner you want to be and what market you want to serve.   There are three main cleaning markets – domestic, commercial and specialised. Domestic cleaning: This will typically involve...
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### How to create a business PayPal account
> Setting up a business PayPal account allows you to take payments for products and services without the need to pay for a merchant account. Learn more.
- Published: 2023-05-12
- Modified: 2024-07-08
- URL: https://swoopfunding.com/ca/blog/how-to-create-a-business-paypal-account/
- Category: SME support, Swoop guides, Blog
Setting up a business PayPal account can enable you to take payments for products and services without the need to pay for a pricey merchant account. But while many people know how to set up a personal PayPal account, not as many are as familiar with how to create a business PayPal account. Here’s our step-by-step guide to help you. What is a PayPal business account? A PayPal business account is simply an account used by businesses to send and receive payments. It can be used to process payments online and in person and you can link it up with your business bank account to transfer your money. PayPal business accounts come with a range of tools and features to help you set up online payment buttons or electronic shopping carts. Customers don’t need to have a PayPal account to pay you as your business account can accept a range of payment types online.   As well as online payments, you can also take payments on the go and in person with a Zettle card reader (part of the PayPal family) and your smartphone, which will enable you to process card and contactless payments and track sales.   Alternatively, customers can pay by scanning a QR code using the PayPal app, or you can get paid by email by creating and sending invoices through your business account. The invoice is sent straight to your customer’s email inbox and they can then pay you online using their credit card or debit...
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### How to set up a courier business
> If you’re thinking about starting your own courier business, it’s crucial to do your research first. Read our guide on how to increase your chances of success.
- Published: 2023-05-12
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-a-courier-business/
- Category: SME support, Swoop guides, Blog
If you’re considering starting your own courier business, it’s important to do your research first. Here’s our handy guide on how to set up a courier business and increase your chances of success. Why start a courier business? The COVID-19 pandemic and associated lockdowns have helped to contribute to a rise in demand for courier services as increasing numbers of people shop online and expect items to be delivered to their door.   On top of this, more people are choosing to buy and sell second-hand items on sites such as eBay, Vinted and Depop, which means more couriers are needed to deliver the goods. This means that if you’re thinking about launching your own courier company, you’ll need to carry out some research in your area beforehand to establish how you’re going to position yourself and stand out from the rest of the competition.   Key steps to set up a courier company: Market research Your very first step is to carry out some thorough market research. You need to find out whether there is enough demand for another courier service in your area and how much competition there is.   Look at other courier businesses to work out: How much they charge and the type of services they offer Whether they focus on local, national or international deliveries Whether they operate a fleet of vehicles.   Then consider how you will stand out from the crowd. For instance, it might be that no courier in your area offers...
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### How to boost cash flow
> Knowing the steps you can take to boost cash flow is important. This guide explains how to boost cash flow and keep your business running.
- Published: 2023-04-28
- Modified: 2024-11-19
- URL: https://swoopfunding.com/ca/blog/how-to-boost-cash-flow/
- Category: SME support, Swoop guides, Blog
Understanding the steps you can take to boost cash flow is important for small businesses. Businesses that successfully manage cash flow tend to be more profitable in the long run, while those that lack the cash to pay for bills, rent and wages are more likely to fail. This guide explains how to boost cash flow and keep your business running efficiently. What is cash flow? Cash flow is a measurement of the amount of money you have coming in and going out of your business over a period time. If your cash flow is positive, that means you have more money coming into your business than you have going out. You’ll therefore be able to pay your suppliers, rent, employees and taxes on time. On the other hand, if your cash flow is negative, you’ll have more money going out of your business than you have coming in. And that can make it difficult to meet your bill payments and other expenses. Why is cash flow important? Cash flow is important because it enables you to meet your existing financial obligations and also plan for the future. Maintaining a healthy cash flow can help ensure the smooth day-to-day running of your business and help set it up for success. Understanding your cash flow will mean you can forecast company profits more accurately and identify opportunities for investment, while you can also build up cash reserves to cover you in times of difficulty. How do I boost my business’ cash...
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### How to do a SWOT analysis
> Any growing business needs a plan to help it work its way through the challenges and opportunities it will face. Learn about SWOT here.
- Published: 2023-04-27
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-do-a-swot-analysis/
- Category: SME support, Swoop guides, Blog
Any growing business needs a roadmap to help it work its way through the challenges and opportunities it’s likely to face. A SWOT analysis can help you with this, so here’s our handy “how to” guide.   What is a SWOT analysis? SWOT stands for strengths, weaknesses, opportunities and threats. A SWOT analysis is a framework used to evaluate how closely a business is aligned with its growth trajectories and success benchmarks. It can help a business identify ways to improve as well as assess negative factors that could get in the way of success. What does each part of a SWOT analysis mean? Below is a breakdown of what each part of a SWOT analysis means: S – strengths. These are all the things your company does well and separates it from the competition. Examples could include a strong balance sheet or brand. It can also include internal resources such as skilled staff or tangible assets such as intellectual property.   W – weaknesses. These are all the things that stop your business from performing at its best and those that your competitors do better than you. This could be high levels of debt or a weak brand, for instance.   O – opportunities. This refers to favourable external factors that could give you a competitive advantage, whether that’s better tax rates or the emerging need for your products or services. T – threats. This refers to everything that poses a risk to your company or its likelihood of...
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### How to set up an online business
> Starting an online business can be a big decision to make. Read our guide to learn everything you need to know about setting up your online business.
- Published: 2023-04-27
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-set-up-an-online-business/
- Category: SME support, Swoop guides, Blog
Setting up an online business can be a big decision to make. Although websites can be built cheaply and run from the comfort of your own home, you’ll still need to give some thought to the type of product or service you want to launch, how much demand there is and how you’re going to market your product or service.   Here’s everything you need to know about setting up your online business.   Why start an online business? There are many reasons why you might want to start an online business. Unlike with a bricks and mortar business, you don’t need to worry about leasing a property or budgeting for employee wages. Instead, all you will need initially is a computer, a domain name and a website builder, which can make it a significantly cheaper option. Running your business online also means you’re not restricted to one particular location – you can run your business from almost anywhere. You can also sell your product or service to anyone, no matter where they live, which means your customer base might grow each year across the globe. What’s more, because your business is based online, you can remain open 24/7. You don’t need to be physically present for sales, so you can keep generating revenue with less involvement. How to start your online business To help get your online business off the ground, follow the steps below: Conduct market research Once you’ve come up with an idea for your online business,...
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### How to file company accounts
> All companies must file their company accounts with CRA each year. Read how to file your company accounts here in our handy guide.
- Published: 2023-04-21
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-file-company-accounts/
- Category: SME support, Swoop guides, Blog
Filing company accounts is a crucial part of running a business, and can be drawn upon when seeking future financing through business loans or other types of funding. If you’ve never done it before or you’re unsure where to start, this guide takes you through the process of filing company accounts, the deadlines for filing them, and what you need to know about preparing your accounts. Who needs to file company accounts? In Canada, all corporations must file annual financial statements. This is a legal requirement, whether the company makes a profit or loss, is not trading, or is dormant. Company accounts must also be filed with the Canada Revenue Agency (CRA) when you submit your corporate tax return. You can file these documents jointly with the CRA and any other relevant authority, usually through the CRA website. What do company accounts contain? Company accounts show how a company has performed over a period of time (typically 12 months). They will usually contain: Profit and loss account: this is an income statement that sets out the calculation of your profit or loss for the reporting year. Balance sheet (statement of financial position): this shows the value of everything your business owns. It also shows any payments your business needs to make, as well as any money owed by debtors, that are due by the last day of the financial year covered by the accounts. Notes to the accounts: this is used to further explain and break down figures in the...
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### How to buy and open a franchise
> Buying a franchise can be less risky than starting a business from scratch. However, there are also drawbacks to be aware of. Read all about it here.
- Published: 2023-04-13
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-buy-and-open-a-franchise/
- Category: SME support, Swoop guides, Blog
If you’re keen to set up your own business, buying a franchise could be a good way to get started. Buying a franchise can be less risky than starting a business from scratch as you’ll be able to buy the rights to sell goods or services from a company that’s already established.   However, as with any business venture, there are also drawbacks to be aware of. Find out how to buy and open a franchise, alongside the advantages and disadvantages here. Advantages of buying a franchise Some of the advantages of buying a franchise are outlined below: The franchise is based on a proven business model: This means you know the product or service already works which can increase your chances of success. A good franchisor should regularly research and update the business model. You might use a recognised brand name: This can make it easier to sell the product and you might benefit from any advertising carried out by the franchisor.   You’re often given training: This can help you to get set up faster, while also learning essential skills.   It can be easier to finance the business: If a business is already up and running, it can be much easier to borrow money to invest in your franchise. You will usually be given exclusive rights to the franchise: This means you’ll have a specified region or exclusive client base.   Disadvantages of buying a franchise Initial startup costs can be high: You’ll need to pay a...
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### How to calculate liquidity
> Liquidity is a key term to understand if you run a business. Our useful guide explains all you need to know about liquidity ratios & the different types.
- Published: 2023-03-31
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-liquidity/
- Category: SME support, Swoop guides, Funding resources, Blog
Liquidity is an important term to understand if you run a business. Liquidity is a company’s ability to convert assets into cash to pay off its short-term obligations or liabilities – those that will become due in less than a year.   This guide explains all you need to know about measuring a company’s liquidity, including the different types of liquidity ratio. What are liquidity ratios? A liquidity ratio is a calculation used to measure a company’s ability to pay off any short-term debt obligations using its current (or liquid) assets. It’s used to indicate whether the business can pay off its debt and business loans with the cash it has readily available, or whether it will need to raise additional capital to do so. It can also show how quickly the assets held can be turned into cash for the debt. Why are liquidity ratios important? Liquidity ratios are important because they can give you an indication of a business’s financial health. As mentioned above, your liquidity ratio tells you whether you will be able to repay your debts. This usually means that you have sufficient cash, bank deposits or assets that can be quickly converted to cash to pay your bills. If you don’t have sufficient liquidity, it’s likely your business will run into financial difficulties. Liquidity ratios are also important to both lenders and investors. Lenders will want to be sure your business has enough current assets to repay its debts, while investors will also look at...
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### How to manage cash flow
> Managing your cash flow is an important part of running a business. If your business lacks the cash to pay for wages, bills and rent, it could fail.
- Published: 2023-03-30
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-manage-cash-flow/
- Category: SME support, Swoop guides, Funding resources, Blog
Managing your cash flow is a crucial part of running a business. If your business lacks the cash to pay for wages, bills and rent, your business could ultimately fail. Here, we explain what cash flow is and how to manage it to help set your business up for success.   What is cash flow? Cash flow is simply a measurement of the amount of money you have coming into and going out of your business in a set period of time.   When you have a positive cash flow, you have more cash coming into your business than you have going out. This means you can pay suppliers, employees, taxes and rent on time. But when your cash flow is negative, you have more cash going out of your business than you have coming in. And in this instance, it can make it difficult to cover bills and other expenses.   Keeping an eye on your cash flow is therefore critical if you want your business to grow. Manage your cash flow in 5 easy steps Below, we’ve outlined 5 easy steps to help you better manage your business’ cash flow. Be proactive in your management Where you can, it’s important to plan ahead. Make sure you know what’s on the horizon in the coming months and ensure you have the funds ready to meet your financial requirements. This will put you in a stronger position to get funding on your own terms and help you better understand your...
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### How to sell a percentage of your business
> There are several reasons why you might want to sell a stake of your business, but it’s important to understand how to do it in the right way. Read it all here.
- Published: 2023-03-30
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-sell-a-percentage-of-your-business/
- Category: SME support, Swoop guides, Funding resources, Blog
There are many reasons why you might want to sell a percentage of your business, but whatever the reason, it’s important to understand how to do it in the right way. Here’s what you need to know. Is selling part of your business right for you? Selling part of your business is not an easy decision to make. However, it might be something you want to consider if you need to raise additional funds for your business, whether you’re looking to expand or pay off debts, or if you want to refocus your business and reduce costs.   Ideally, you want to take a year or two to prepare for the sale as this can help you to improve your financial records, business structure and customer base to make the business more profitable. In turn, this will enable you to keep the business running smoothly and help make the transition process easier for your buyer. Remember, too, that finding a buyer can take several months, so you’ll need to have patience. Why consider selling a percentage of your business? Some of the reasons you might consider selling a percentage of your business include: Reducing responsibilities: If you have too much on your plate, selling part of your business can help reduce some of your responsibilities and allow you to focus on what’s most important for your business.   Raising capital: Selling off a portion of your business can enable you to raise capital which can help you to pay off...
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### How to pay off a cash advance
> If you need cash right now, you might be tempted to withdraw money on a credit card. Our guide takes a look at how cash advances work and how to pay them off.
- Published: 2023-03-29
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-pay-off-a-cash-advance/
- Category: SME support, Swoop guides, Funding resources, Blog
If you need cash fast, you might be tempted to withdraw money on your business credit card. Doing so can be a quick and convenient way to get the funds you need. But it can also be very expensive. This guide takes a detailed look at how cash advances work and how to pay them off. What is a cash advance? A cash advance is a way of obtaining immediate funds through your credit card. One of the most popular ways to do this is to withdraw money on your credit card from an ATM. Most credit cards let you do this in the same way as a debit card. However, the difference is that you will need to pay back the amount you have withdrawn and interest will be added. Interest usually applies immediately – even if you pay off your credit card bill in full that month. What transactions are considered to be a cash advance? As well as withdrawing cash on your credit card, there are a number of other transactions that can be considered a cash advance. These include when you use your credit card to: Buy travel money and travellers’ cheques Buy foreign currency  Buy gift vouchers Make a mortgage payment Pay a utility bill Buy a lottery ticket or scratch card (note that you can no longer use a credit card for other gambling transactions) Transfer money from your credit card to a current account Buy cryptocurrency It’s important to check your card provider’s...
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### How to get a business mortgage
> You might need a business mortgage, also known as a commercial mortgage, if you’re looking to buy a new building or release equity. Read all about it here.
- Published: 2023-03-17
- Modified: 2025-03-19
- URL: https://swoopfunding.com/ca/commercial-mortgages/how-to-get-a-business-mortgage/
- Category: SME support, Swoop guides, Commercial mortgages, Blog
You might need a business mortgage, also known as a commercial mortgage, if you’re looking to buy a business that includes property, a new building or release equity from an existing property you already own. Read on to find out how business mortgages work and how to get one.   What are commercial mortgages? A commercial mortgage is a type of loan that is used to buy property or land for commercial use. While standard unsecured business loans can offer funds of up to $250,000, commercial mortgages are suitable for businesses that need to borrow between $50,000 to $25,000,000. Similar to a residential mortgage, you usually borrow the money from a bank or specialist lender and then repay it in monthly instalments over a set term, with interest added on top. However, with a commercial mortgage, the value of the business property or land is usually much greater than it is with a residential mortgage.   Commercial mortgages usually have terms of between 3 and 25 years and you will usually need a down payment of between 20% and 40%. What are the types of commercial mortgages? The two main types of commercial mortgage are owner-occupied and commercial investment mortgages.   Owner-occupied mortgages are used if you want to buy a property to be used by your own business. This could be your main place of work or a regional location. Commercial investment mortgages, on the other hand, are used to buy a property as an investment – for example...
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### How to create a marketing strategy for your business
> If you want to succeed in the marketing world, it’s important to stay ahead of the game and understand how to appeal to your target market. Learn it all here.
- Published: 2023-03-14
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-create-a-marketing-strategy/
- Category: SME support, Swoop guides, Blog
If you want to succeed in a fast-paced marketing world, it’s important to stay ahead of the game and understand how to appeal to your target market. As part of this, you’ll need to know how to create an effective marketing strategy.   This guide explains everything you need to know about creating a marketing strategy for your business. What is a marketing strategy? A marketing strategy is a detailed and structured overview of how a business or organisation will reach, convert and retain new customers. A clear marketing strategy will define measurable goals and outline the target market, audience profiles, competitors and value for customers. It will provide a long-term vision for overall marketing efforts. Why do I need one? There are many reasons why it’s important for your business to create a marketing strategy. Without one, you’ll be reducing how effective your promotional and sales activity will be.   Some of the reasons for have a marketing strategy are outlined below:  Insights into your target audience  Creating a marketing strategy can help you to connect with your target audience, which is absolutely crucial if you want to succeed. As well as identifying who your customers are and what they want from your company, you’ll also be able to understand the different ways of being able to reach them.   Data driven decision making When you create a marketing strategy you can better analyse data which can help you make key decisions. Analysing company data will enable you to...
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### How to finance a new business
> If you’re looking to grow your new business, it’s crucial to know how to finance it. Read more here to discover your options, and apply with Swoop today.
- Published: 2023-03-13
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-finance-a-new-business/
- Category: SME support, Swoop guides, Funding resources, Blog
If you’re looking to grow your new business, it’s important to know how to finance it. Financing your business in the right way will provide a solid financial base and ensure you have sufficient funding to help your business succeed.   There are many different ways to finance a new business and different methods will suit different business types, as this guide explains. What is business finance? Business finance is simply the funding a business needs to operate. You’ll need funds to start, run or expand your business. Having sufficient funds available to you will help drive your business forward, allowing you to buy raw materials, hire staff, invest in equipment and so on. Finance is the foundation of any business as it’s almost impossible to succeed without it.   What are the best ways to finance a new business? There are several ways to finance a new business, so it’s important to research each one carefully to help you decide which is the right option for you and your business.   Personal investments Investing your own money into your business can be quicker than applying for finance and, as you’re not borrowing from anyone, you won’t need to pay interest. Using your own money can also help to show any future lenders that you’re confident in your company’s success.   You might have a lump sum to invest in your business if you’ve saved up enough over the years or if you’ve received a large redundancy pay out or...
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### How to calculate capital employed
> Capital employed is the amount of capital investment a business uses to operate. It can help indicate how a company is investing money. Learn more here.
- Published: 2023-03-07
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-capital-employed/
- Category: SME support, Swoop guides, Blog
Capital employed refers to the amount of capital investment a business uses to operate. It can help indicate how a company is investing its money.   This guide explains everything you need to know about how to calculate capital employed. What is capital employed? Capital employed, or funds employed, is one of many financial metrics and refers to how much capital a company has invested into itself through means such as purchasing equipment, hiring employees and so on. It can also refer to how much capital has been used for a particular project, whether that’s opening stores in other locations or developing new products.   Capital employed is often used to measure a company’s profitability and efficient use of capital.   What is the formula to calculate capital employed? The most commonly used formula to calculate capital employed is as follows: Capital employed = total assets - current liabilities Essentially, capital employed is calculated by taking the total assets from the company’s balance sheet and then subtracting all current liabilities, or short-term financial obligations.   It’s also possible to calculate capital employed with the following formula: Capital employed = fixed assets + working capital Fixed assets are assets purchased for long-term use, such as property, plant and equipment. Working capital is the capital available for daily operations and is calculated as current assets minus current liabilities.   Whichever formula you use, make sure you stick with it – do not switch between them when making comparisons as the calculation will...
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### How to calculate market size
> If you want to start a business, doing your research and assessing how many potential customers you might attract is important. Read our full guide here.
- Published: 2023-03-07
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-market-size/
If you’re thinking about launching a business or product, doing your research and assessing how many potential customers you might attract is absolutely crucial if you want to be confident of success. As part of this, you’ll need to know how to calculate market size. This guide explains what market size is, how to calculate it and why it’s important. What is market size? Market size simply means the number of potential customers you could sell your product or service to. In other words, it’s the size of the sales opportunity available to you.   As an example, it could be the number of people visiting a high street who could become customers of a new ice cream parlour, or the number of car owners in your area that could use a new car washing service.   There are two types of market size to calculate as well as your business’ expected share. The first type is the total addressable market (TAM). In a nutshell, this means finding out whether the potential market for your business is large enough. It’s the number of customers or amount of money you could earn if your business achieved a 100% success rate and 100% sales to every potential customer. The second is the target or available market, which is the size of the market that your business can realistically reach. It might also be referred to as the Segmented Addressable Market (SAM). The expected share of market is also worth adding to the...
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### How to forecast cash flow
> Knowing how to forecast cash flow is a crucial part of financial planning when you run a business. Our guide explains all you need to know.
- Published: 2023-03-06
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-forecast-cash-flow/
- Category: SME support, Swoop guides, Blog
Knowing how to forecast cash flow is an important part of financial planning when you run a business. Maintaining a healthy cash flow is essential so that you can plan ahead effectively and have money available in the event of an emergency.   This guide explains all you need to know about creating a cash flow forecast. What is cash flow? Cash flow is a measurement of the amount of cash that comes into and goes out of your business over a period of time.   Cash that comes in is usually the money you get from sales, but it might also be from selling assets or receiving a grant, for example. Outgoing cash will include wages, bills, and payments to suppliers.   If you have positive cash flow, this means you have more cash coming into your business than you have going out. On the other hand, when your cash flow is negative, you have more cash going out of your business than you have coming in. This can make it difficult to cover bills and other expenses, particularly if it lasts for a lengthy period of time.   Why measure cash flow Measuring cash flow is important because it helps you to meet your existing financial obligations and plan for the future. Cash flow measurement can be the difference between business success and failure.   Benefits of cash flow forecasting A cash flow forecast can enable you to assess if and when you’re going to run out of...
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### How to scale a business
> If you’ve decided to grow your business, it’s important to understand how to do it effectively. Learn how to effectively scale your business with Swoop.
- Published: 2023-03-01
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-scale-a-business/
- Category: SME support, Swoop guides, Funding resources, Blog
If you’ve decided you want to grow your business, it’s important to understand how to do it effectively. You’ll need to have the right strategy, team and processes in place to be able to support new customers, products and services.   If you scale too fast or you lose focus, things could go very wrong. But with the right planning and considered goals, scaling your business could be a big success. Is your business ready to scale? First up, you need to assess whether your business is ready to scale and evaluate where your business stands today. Scaling up often exposes weaknesses in the business, so it’s important to think about how growing your business will affect your company. Consider whether your IT systems, general infrastructure and website meet your current and future needs or will you need to invest heavily before scaling?   Scaling a business means taking steps to ensure your business grows without sacrificing quality or increasing costs. If you’ve acquired a strong customer base, have a great team of skilled professionals and you’ve recently been turning away clients, now could be the perfect time to scale your business.   Steps to scaling your business If you’re ready to get going, take a look at the steps below to help you get started: Evaluate current position and plan for expansion The first step is the planning stage. Think about what you need to do to increase sales and whether you currently have the staff and systems in...
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### How to calculate EBITDA
> There are several metrics businesses use to calculate their financial health & performance, and EBITDA is one of them. Read more about how to calculate it here
- Published: 2023-02-14
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-ebitda/
- Category: SME support, Swoop guides, Blog
There are several different metrics businesses can use to calculate their financial health and performance, and EBITDA is one of them. EBITDA is often used by businesses to compare their financial performance against that of their competitors, while analysts might use it to help determine the sustainability of an organisation.   Additionally, if you are looking for a business loan, many banks will use EBITDA to assess whether a company can repay its debts.   This guide takes a closer look at how to calculate EBITDA and its pros and cons.   What is EBITDA? EBITDA stands for earnings before interest, taxes, depreciation and amortization. It is a type of earnings metric that can help understand a business’s ability to generate cash flow for its owners. It also helps financial advisers and analysts calculate how much a business is earning before any reductions and modifications take place.   EBITDA doesn’t account for the different ways a company might use debt, equity, cash or other sources of capital to finance its operations. It also excludes non-cash expenses such as depreciation, and it excludes taxes. As such, EBITDA can be a useful way to evaluate a business and is often used to compare two similar businesses or determine a company’s cash flow potential. EBITDA became a popular method of measuring a company’s performance in the 1980s. Investors and lenders involved in leveraged buyouts found it a useful way to estimate whether the targeted company had the profitability to pay off the debt...
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### How to get a business loan with bad credit
> Getting a business loan with bad credit in Canada can be more difficult, but it’s not impossible. This guide takes you through your options and the process.
- Published: 2023-02-07
- Modified: 2024-07-18
- URL: https://swoopfunding.com/ca/blog/how-to-get-a-business-loan-with-bad-credit/
- Category: SME support, Swoop guides, Loans, Blog
Getting a business loan with bad credit can be more difficult, but it’s certainly not impossible. This guide takes you through your options so that you can find a solution that works for you and your business.   What is considered bad credit? Bad credit usually means you or your business hasn’t managed credit well in the past and as a result, your credit score will be low.   A credit history exists for anyone or any business that has taken out credit, such as a loan or credit card, in the past. However, if you were late with payments or you were unable to repay your loan or credit card debt in full, this will have had a negative impact on your credit score.   Similarly, if you’ve exceeded your credit limit or you’ve been declared bankrupt in the past, this will also have dragged your credit score down. As a result, lenders will now view you as higher risk and might not be so willing to let you borrow money. Note that if your business is just starting out and has never borrowed before, it won’t have built up a credit history yet which means that lenders have no way of knowing how responsible you are as a borrower. This isn’t the same as having ‘bad credit’, but it can still be trickier to get accepted for loans. Some lenders might look at your personal credit score instead of your business score to give them an idea of...
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### How to write an invoice
> This guide explains how to write an invoice for Canadian businesses, as well as when they are needed and how to send them. Read in full here.
- Published: 2023-01-24
- Modified: 2024-04-19
- URL: https://swoopfunding.com/ca/blog/how-to-write-an-invoice/
- Category: SME support, Swoop guides, Blog
Knowing how to invoice correctly is one of the most important parts of running a business. As well as ensuring you get paid for the goods or services your business has provided, invoicing is also crucial when it comes to keeping accurate tax records. Our guide explains how to write an invoice, as well as when invoices are needed and how to send them. What is an invoice? An invoice is simply a bill that you send to your customers or clients to ask for payment for the goods and services you’ve provided. The invoice should include a description of the services or goods, along with the payment amount, payment terms and payment method.   As well as helping to ensure you get paid, invoices are also important for bookkeeping as they help prove your income. Having an accurate record of your invoices will help when you come to file your tax return. Invoices can also act as legal proof that you carried out a service if you do not get paid and need to take further action.   When are invoices required? You will need to send an invoice to a customer or client if they have purchased goods or services from you. An invoice states in writing what the client has purchased, the date they purchased it and how much they are being charged for it.   An invoice should be sent out whenever you need a client or customer to pay for the goods or services they...
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### How to value a business
> If you’re planning to sell your business, make an acquisition or raise capital, it’s key to know how much your business is worth. Learn more here.
- Published: 2023-01-23
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-value-a-business/
- Category: SME support, Swoop guides, Blog
If you’re planning to sell your business, make an acquisition or raise business capital, it’s important to know how much your business is worth. You don’t want to over-value your business as this can deter buyers or investors, but you also don’t want to sell the business short. To help you find the right balance, here’s everything you need to know about how to value a business.   What is a business valuation? A business valuation is simply the process of determining the market value of a company. There are several reasons why knowing how to do this can be useful: A business valuation can help put a price tag on your business if you’re looking to sell it. It can help provide investors with a realistic estimate of how much your business is worth.   You might need to provide valuation figures as part of your tax return.   A business valuation can help set a fair price if staff want to buy or sell shares in your company.   Valuing your business can help you get a better idea of its financial health and focus your efforts on the areas that need improving. What affects the value of a business? There are a number of factors that can affect the value of a business. Tangible assets such as your business premises, land, stock and equipment are easy to value. But you will also need to consider intangible assets such as:  Your company’s reputation The value of your business’...
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### Finance lease vs. operating lease – what’s the difference?
> An operating lease may have better tax advantages and come with lower monthly payments and require a smaller deposit than a finance lease. Read more here.
- Published: 2023-01-13
- Modified: 2024-06-06
- URL: https://swoopfunding.com/ca/blog/finance-lease-vs-operating-lease/
- Category: Asset finance, Loans, Blog
Rent to buy, or simply rent. Obtain your major business assets without causing a cashflow crunch. Finance and operating leases – two ways to make your business cash go further Most Canadian businesses need expensive assets to produce the goods and services they sell. These assets are typically cars, HGVs, plant and machinery. Without them, many businesses simply cannot function. However, buying big-ticket items can create problems with cashflow and for companies with seasonal finances, spending a large sum all at once may be impossible. But not to worry. Say hello to finance and operating leases – two low-cost ways for businesses to secure the major tools they need. What is a finance lease? A finance lease is a method of financing business assets, and it works as a long-term rental agreement, with the assets remaining the property of the finance company (also known as the lessor) that hires them out, and the lessee (you) paying for the hire of the assets. The lessee has the option to buy the asset at the end of the contract period. How do they work? A finance lease allows your business to use an asset for a fixed period and for a fixed monthly rental cost. At the end of the agreement the business will have the option to purchase the asset for a pre-agreed sum. A finance lease allows businesses to spread the cost of the asset over time and with lower monthly payments than if they were to purchase the asset....
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### How to calculate profit
> For small business, it’s important to understand how to calculate profit to see how well a business is performing. Read on to learn how to calculate profit
- Published: 2023-01-11
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-calculate-profit/
- Category: SME support, Swoop guides, Blog
The amount you will be asked to pay each month will be based on how much you have left after you pay any rent, food or utility bills. Note that you will be charged interest on these payments.   As a small business, it’s crucial to understand how to calculate profit so that you know how well your business is performing. Read on to find out how to calculate profit for your business.   The formulas to calculate profit Profit simply means your business revenue minus any expenses. In other words, it tells you how much your business has earned once all costs have been deducted. The profit can either be kept in the business or reinvested to finance future growth. There are three main types of profit – gross profit, operating profit and net profit. Gross profit Your gross profit is your total sales minus your direct costs. These include the cost of raw materials and staff wages, for example. The gross profit shows you that you’re selling goods and services at a higher price than they cost you to produce.   You can work out your company’s gross profit with the following calculation:  Revenue – direct costs = gross profit Operating profit Your operating profit is the income from sales once operating expenses, such as rent, utility bills and equipment, have been deducted. It excludes things like tax and interest and can show you how efficient your business operations are. To work out your operating profit, carry out...
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### Will Canadian businesses thrive in 2023? The year ahead - according to Swoop
- Published: 2023-01-10
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/will-canadian-businesses-thrive-in-2023-the-year-ahead-according-to-swoop/
- Category: Blog
AUTHOR: Daire Burke, Head of North America at Swoop The global economy faces challenges. The global economy is facing serious issues: the long tail of COVID-19 shutdowns, war in Ukraine and ongoing supply chain issues are all taking their toll. The coming year will see manoeuvring by governments around the world to avoid the worst of the damage. In this article, I’m going to look at the big trends and how these will impact Canada’s manufacturing, our digital economy, and consumer spending habits. Finally, we’ll look at the challenges for entrepreneurs in the coming year.   The big picture Canada has proven to be resilient in tackling the challenges other countries are facing. While others have it worse, there are still issues that Canadian businesses need to be aware of.   Canadian GDP growth is expected to fall below 2. 0 percent during 2023. The strength of the Canadian dollar against other currencies and the increasing importance of developing the digital economy will squeeze manufacturing exports.   The federal government is expected to cut $11. 6 billion from its budget this year, down from $33. 9 billion in 2022–23. This will reduce the overall size of the government by 0. 5 percent, the lowest level since before the 2008 financial crisis. The CFIB small business confidence indicator registered 50. 9 index points in December, which is up 0. 9 points since November. While an improvement, it remains at levels usually only seen around recession periods, while the three-month outlook dropped...
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### How to get funding for a new business
> Choosing the right type of funding is key if you want to make sure that your new business is set up for success. Read all about the available options here.
- Published: 2023-01-10
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-get-funding-for-a-new-business/
- Category: SME support, Swoop guides, Loans, Blog
Choosing the right kind of funding is important if you want to ensure your new business is set up for success. Adequate funding can help you to expand, buy equipment, cover marketing costs and hire staff where needed.   For this reason, it’s worth taking the time to consider the different funding options available to you so that you can assess what works best. What's the first step in funding a small business? Before you decide how to get funding for your new business, you need to consider how much funding you actually need. As well as thinking about how much it will cost to initially startup your business, you’ll also need to factor in your operating costs for the year ahead.   It’s important to ensure you have enough money to help your business get off the ground and succeed, but you should also avoid borrowing too much and burdening yourself with a lot of debt. Carefully estimating how much income you’ll generate over the next year should help you work out how much funding you will require. Once you’ve done this, there are three initial options that are worth exploring: Using your own money  Investing your own money into your business can make you look more attractive to lenders if you need to borrow further funds. Using your own money helps to show lenders you’re confident that your business will succeed – after all, if you don’t want to invest in it, why would anyone else? You might...
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### How to get a business loan
> Let's look at everything you need to know about applying for a business loan. Read our step by step guide, or register with us today to see all funding options.
- Published: 2023-01-10
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/how-to-get-a-business-loan/
- Category: SME support, Swoop guides, Loans, Blog
A business loan can provide essential funding for your business. Whether you’re just starting out and you need funds to help pay for equipment, or you’ve been trading for a few years and you’re looking for bigger premises, a business loan is a popular way to borrow money. Here, we look at everything you need to know about applying for a business loan. Calculate how much you need The first step to getting a business loan is to calculate how much money you need to borrow. Business loans can be for as little as $1,000 or as much as $3 million. You’ll need to consider exactly what you need the funds for and be prepared to explain this to the lender. For example, you might want to use the money to purchase property or a vehicle, pay salaries, or fund overhead costs.   Keep in mind that the amount you can actually borrow will depend on your business’ financial situation and credit rating. If your business has been trading for a number of years and has a good credit score, you’re more likely to be able to borrow a larger sum compared to a business that is only just starting out and has yet to build a credit history. Write a business plan As part of your business loan application, you’ll need to write a business plan. A well-presented, thorough plan will prove to lenders that you’re serious about your business and have a clear vision about the future of...
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### How to value a company
> There’s no one way to value a company, and the final answer usually involves a mix of quantitative and qualitative factors. Read more here.
- Published: 2023-01-02
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-value-a-company/
- Category: Blog, Business acquisition, Loans, Funding resources
There’s no one way to value a company, and the final answer usually involves a mix of quantitative and qualitative factors. Here are some of variables you might want to account for in your valuation process:Value of the assets. Add up the value of everything the business owns, including all property, equipment, and inventory. Subtract any debts or other liabilities. This gives you the net asset value of the business — what it would be worth if you liquidated everything and turned it into cash. This is a good place to start, but it doesn’t account for the additional value created by revenue and earnings. Revenue calculation. The revenue generated by a business is another key metric to account for in its valuation. Although it does not reveal how profitable the business is, in established industries with predictable profit margins, business valuations are sometimes expressed as a multiple of revenue - say two or three times annual revenue. An experienced advisor can guide you on the appropriate multiple for your industry. Earnings multiple. Valuing a business based on a multiple of its earnings is typically more revealing than using a multiple of its revenue. For one thing, it measures the net earnings after expenses, which provides a truer picture of profitability. For another, it tends to be forward-looking, based on earnings expectations. For example, if a typical price-to-earnings (P/E) ratio is 10 times earnings, then a business that is expected to earn $300,000 per year is worth $3 million. Discounted...
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### How to plan for buying a business
> Buying a business can be a complex task. In fact, many people never get past the stage of “just thinking about it”. Read the steps to buying a business here.
- Published: 2023-01-02
- Modified: 2024-08-06
- URL: https://swoopfunding.com/ca/blog/how-to-plan-for-buying-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Buying a business can be a complex task. In fact, many people never get past the stage of “just thinking about it” because they don’t know where to start or they find all the decisions overwhelming. But fear not; here is a step-by-step guide to the process of planning to buy a business. All you have to do is take it one step at a time. 1. Get preparedThe first place to start is with a little preparation. The actual business acquisition will be a much easier process by first outlining these three things: the right team, a clear picture of what you want to do, and how you plan on doing it. 2. Assemble a team of advisorsAlthough you will be the one driving the process, you can’t do it alone. At a minimum, you will want assistance from a trusted legal advisor to help you structure and sign the deal. You will also need financial advisors who can assist with the financing. During the acquisition process, you may want additional support with the valuation of the business and possible lease negotiation. As you take over management of the business, you might consider finding help with taxes, real estate, IT, human resources, and more. 3. Define your objectivesOne of the most important aspects of preparation is understanding your reasons for acquiring a business and what you hope to achieve. Identifying your personal skills and preferences, your emotional drivers, and your strategic and financial objectives will help you approach things...
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### How to use vendor financing to buy a business
> Many small business buyers need to assemble financing from a variety of sources to complete the acquisition. Read about using vendor financing here.
- Published: 2022-12-30
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-use-vendor-financing-to-buy-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Many small business buyers need to assemble financing from a variety of sources to complete the acquisition. Vendor financing, which is also called vendor take-back or VTB, is where the seller of the business agrees to take part of the sale price through a series of payments with interest. The seller is essentially extending debt to the buyer, where the debt is often secured against the assets of the business. When the deal closes, the seller will receive the purchase price minus the borrowed amount. Usually, this debt to the seller ranks below other debt that you might owe to a bank or other lending institution — a risk that the seller must understand and accept. If you want to use vendor financing to buy a business, you should let your business broker, the seller, and any other parties involved in the deal know as early in the process as possible. This way, the seller is not surprised later on, and you can work towards agreeing on several key points, including:The amount of the loanThe interest rate The payback periodThere are a few key details you will want to agree on with the seller over the term of the loan, such as:Will the seller continue to have a role in the business? How long will they remain involved? What financial reporting will the buyer provide? All of these terms and conditions can be included in the final agreement that you will both sign. What is a vendor take back mortgage...
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### How to find a business to buy
> The first and arguably most important step to finding a business for sale is to set your personal objectives. Find out where to buy a business and more here.
- Published: 2022-12-29
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-to-buy/
- Category: Blog, Business acquisition, Loans, Funding resources
If you want to buy a business, whether it is a small business like a restaurant, laundromat, e-commerce store, or a franchise, or even a large enterprise like a factory or firm, you have options You can search public listings and online resources, network within your community, or hire the services of a business broker who specializes in connecting buyers with sellers and can possibly even approach businesses that are not currently for sale to see if they are open to having a conversation. Key steps to finding a business for saleThe first and arguably most important step to finding a business for sale is to set your personal objectives. This is where you define the type of business you want, its financial characteristics, the industry to focus on, the lifestyle associated with running the business, the amount you wish to invest, and the types of financing arrangements you are looking for. Knowing all of this in advance will reduce the risk of pursuing opportunities that don’t suit your needs and increase the odds of finding a business that you will enjoy running, and guide you towards lasting success. Once you know what you are looking for, the next steps are to begin your search. Tap into your network of personal and professional contacts and potentially retain a business broker to help you find a business that matches your objectives. Using a business brokerA business broker helps buyers and sellers of businesses find one another and complete a transaction. They...
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### How to conduct due diligence for a business acquisition
> Due diligence means conducting a deep dive into the inner workings of a business, allowing you to identify its opportunities and risks.
- Published: 2022-12-28
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-conduct-due-diligence-for-a-business-acquisition/
- Category: Blog, Business acquisition, Investment
The ideal way to conduct due diligence is to first assemble a team of legal, accounting and other professionals, to then sign a Letter of Intent (LOI) with the seller, and finally, to follow a step-by-step process to analyze and evaluate the business. What is due diligence? Due diligence means conducting a deep dive into the inner workings of a business. It allows you to identify its opportunities and risks, to determine whether it is desirable to purchase and, if so, calculate a potential purchase price. How do I carry out due diligence? Due diligence is not easy — it’s a detail-oriented process that, if done correctly, can take weeks or even months to complete. It is wise to define what your process will be at the outset so that no stone goes unturned. There will be a temptation to save time and money by hurrying the process, but being methodical in your due diligence is crucial to ensure that you make the best decision and avoid negative surprises after the deal is signed and there’s no going back. Define a processYour due diligence process should address a series of key topics. Here are some of the essential questions to ask:How financially sound is the business? This includes a line-by-line analysis of revenue and expenses over time to understand how profitable the business is and which way its sales are trending. How healthy is the environment? This refers to factors outside the four walls of the business, such as trends...
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### How to find a business acquisition broker
> Like any important professional relationship, finding a business acquisition broker is partly about looking through listings and asking for referrals.
- Published: 2022-12-27
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-find-a-business-acquisition-broker/
- Category: Blog, Business acquisition, Funding resources
Like any important professional relationship, finding a business acquisition broker is partly about looking through listings and asking for referrals to someone competent, and partly about choosing a person who you will feel comfortable working with. You will probably want to interview several brokers before deciding on the best one for you. Here are some places to look:Search for business brokers. Type “business brokers” into any search engine, and you will find local options. The good thing about this approach is you will probably find many potential brokers. The challenging thing is it may not be obvious who is likely to be a good fit for your needs. Business for sale listings. Another approach is to search online and even scan local newspapers for businesses that are currently for sale. Very often, you will see the name of the business broker listed. This might help you identify the exact business you want, or at least a broker who is already working with similar businesses. Ask for referrals. If you know business owners who have bought or sold a business, they might be able to recommend someone. And, as you are assembling your business acquisition team, there’s a good chance your banker, accountant, attorney, or financial planner can recommend someone. Check the IBBA. The International Business Brokers Association trains and certifies business brokers, and its website allows you to search for local professionals by postal code. Many business brokers will be competent, but some will be better than others. One way...
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### How to buy a business
> For most buyers of existing businesses, the goal of financing is not only to acquire the business, but to make sure you have the flexibility and resources to grow.
- Published: 2022-12-23
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-buy-a-business/
- Category: Blog, Business acquisition, Loans, Funding resources
Buying a business is a multi-step process. Although the process can vary, these are some of the key steps you should take when looking to acquire an existing business:Define your objectives. Start by knowing why you want to acquire a business, which type of business you want, and how you will measure your success. Assemble a team of advisors. Line up the right professionals to assist you in your new company. Your team might include a business broker and legal and accounting advisors. Draft an acquisition plan. Map out your timeline, your budget, the role of each team member, the type of company you want to buy. and the risks you’re prepared to accept. Identify a business to buy. Use your personal network, public listings, and professional assistance to find a business that matches your objectives. Draft a letter of intent. This lets the seller know that you are serious and will kick off the formal due diligence and negotiation process. Conduct due diligence. Closely evaluate the business — its financial status, employees, suppliers, customers, and competition. Negotiate the acquisition price. Determine a fair price to pay for the business and work with the seller to come to an agreement. Arrange financing. Fund the acquisition using some mix of personal savings, investor equity, and debt from a lender or even the vendor themselves. Finalize the deal. Agree with the seller on every term and condition of the sale and sign the paperwork. Transition ownership. Start operating your new business and...
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### How to write a letter of intent (LOI) for business acquisition
> A letter of intent is a letter to the seller of the business that lets them know you are seriously considering submitting a formal bid to purchase the business
- Published: 2022-12-22
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-write-letter-of-intent-loi/
- Category: Blog, Business acquisition
Once you’ve set your objectives for buying a business, done your initial research and identified what looks like a good acquisition target, it’s time to let the seller know that you’re officially interested. This makes it possible to deepen your research and move the project forward. The tool you use at this point is a letter of intent — which is often referred to as an LOI. What is a letter of intent? A letter of intent is a letter from you to the seller of the business that lets them know that you are seriously considering submitting a formal bid to purchase the business, and that lays out the proposed transaction details at a high level. Although it is not a legally binding agreement to purchase, it may include elements that create binding obligations between the potential buyer and seller, including:Confidentiality agreement. This lets the seller know that they can safely disclose key information about the business to you, such as their financial records, client lists, and intellectual property, and that you will keep it confidential. This allows you to examine the business much more closely and puts the seller’s mind at ease. Exclusivity period. This sets out a period of time during which the seller agrees not to entertain offers from any other buyers without speaking to you first. This gives you the time you need to do your due diligence and protects your option to buy if you so choose. There may be financial penalties for the...
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### How to finance a business acquisition
> If you are looking to finance an acquisition & you are not able to bootstrap the business financing by yourself, there are a number of options available to you.
- Published: 2022-12-21
- Modified: 2025-02-18
- URL: https://swoopfunding.com/ca/acquire-a-business/how-to-finance-a-business-acquisition/
- Category: Blog, Business acquisition, Loans, Funding resources
Often, the purchaser of a business will give the seller a Letter of Intent to purchase the business that is contingent on being able to secure financing. If you get to this step and you are not able to bootstrap the business financing all by yourself, there are a number of options available to you. For most buyers of existing businesses, the goal of financing is not only to acquire the business, but to make sure you have the flexibility and resources to grow. What is a business acquisition? A business acquisition involves one person or entity purchasing a business from another person or entity. This could mean a single person buying a local restaurant franchise from somebody else, or a large manufacturing company taking over the operations and production facilities of a smaller competitor. Whether your deal is large or small, simple or complex, chances are it will require some type of outside financing. How can I finance a business acquisition? When considering how to buy a business, the simplest way is to fund it out of your own savings or to access personal borrowing facilities such as a home equity line of credit. But for many business owners, these sources will not be enough. You may need to consider raising equity from investors or taking on some type of business loan. These are the same basic options used by large enterprises when they make an acquisition. Acquisition financeMany business acquisitions are financed by a combination of personal money,...
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### Match funding for grants explained – what is it?
> Match funding for grants means that in order to receive a particular grant, you will need to fund some of it yourself, often through a loan. Learn more here.
- Published: 2022-10-24
- Modified: 2024-07-26
- URL: https://swoopfunding.com/ca/business-grants/match-funding/
- Category: Grants, Loans, Funding resources
Business grants can be a crucial source of funding for small businesses. They can help businesses expand, research and develop new products or invest in training and equipment. Business grants are usually awarded by the government or other companies but, unlike a loan, they do not need to be repaid.   When researching business grants you might come across the term ‘match funding’. It’s important to understand exactly what match funding means and how it could potentially impact your business. Here, we explain all you need to know about how match funding works. What is match funding for grants? Match funding for grants means that in order to receive a particular business grant, you will need to put up some of your own funds. Grant organisations might request match funding to give them the reassurance that you are serious about the project being invested in and that you are able to raise adequate funds to support it. How does match funding work? With match funding, you as the business agree to put up a certain percentage of the total funding required, and the partner organisation will provide the rest. Often, businesses will provide match funding in the form of a loan, but there are other options, as we explain below. As with all grants, match funding criteria can vary widely, so it’s important to research your options carefully to be sure you are applying for the right option for your business. What is charity match funding? Charity match funding works...
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### Closing the racial funding gap: identifying the issues and asking what can be done to put money in the hands of BIPOC entrepreneurs
> BIPOC receive less business financing, less often and at higher rates, making it harder for them to secure the funding they need. Read how we can close this gap.
- Published: 2022-09-01
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/closing-the-racial-funding-gap-identifying-the-issues-and-asking-what-can-be-done-to-put-money-in-the-hands-of-bipoc-entrepreneurs/
- Category: Funding resources, Blog
BIPOC-founded businesses can struggle to raise the same amount of funding as their white counterparts BIPOC receive less business financing, less often and at higher rates: According to the Federal Reserve, black, indigenous and people of color (BIPOC) entrepreneurs are at a disadvantage when it comes to accessing funding for their businesses. The figures from the Reserve are stark: 80. 2 percent of white business owners receive at least some of the funding they request from a bank; by contract, just 66. 4 percent of BIPOC business owners receive funding. These findings are highlighted in a report by the Ontario Chamber of Commerce last year that also found small, white-owned firms received over $30,000 more than comparable companies led by BIPOC. Loans are also more expensive, with the Minority Business Development Agency announcing: ”Minority firms paid 7. 8 percent on average for loans, compared with 6. 4 percent for non-minority firms. ” Daire Burke, Head of North America at Swoop says that the figures make disturbing reading: “One reason why BIPOC businesses find it harder to obtain funding is that they are subject to more scrutiny than their white counterparts. We have seen a study that says BIPOC businesses are asked more often to provide financial statements, income tax returns, bank account information, personal financial asset details and credit card debt. There is also less informal help offered for tasks such as filling in loan applications which can make a big difference to approval rates. ” Will this change? Daire...
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### How to survive a recession
> Economists are predicting a global recession by the end of 2022. With a recession comes uncertainty and opportunity. Read 4 steps to surviving a recession here.
- Published: 2022-08-04
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/how-to-survive-a-recession/
- Category: Blog
Winners, losers and lessons learned from the 2008 crash AUTHOR: Orlando Stirling Economists are predicting a global recession by the end of 2022. With a recession comes uncertainty – and also, potentially, opportunity. Can we learn from the past? The 2008 crash was the last major financial event that affected countries worldwide. The UK economy shrank by more than six percent between the first quarter of 2008 and the second quarter of 2009 and took five years to recover to the size it was before the recession. The latest data show that despite COVID-19, the UK economy is now 11 percent bigger than it was before the recession. While recessions cause hardship and business failure, they are also drivers of innovation and change. To survive, or even thrive, during a recession, businesses must make strategic decisions about how they will face the particular challenges affecting their industry and take advantage of new opportunities. The 2008 recession winners Three industries were able to use the 2008 recession as a springboard to success. While discretionary spending went down, essential goods and services held relatively strong. Healthcare, for example, is considered by many to be a “must have” and did relatively well through the downturn. As Investopedia notes, however, not all healthcare companies are created equal: recessions are likely to damage those companies made vulnerable through having more debt and less income flow. Nevertheless, if your business is truly “essential” to your customers, you are in a strong position to survive recession. Discount...
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### Is now the best time to start a business? (No - but that shouldn’t stop you)
> Economic news may be pessimistic, but there are reasons for entrepreneurs to be optimistic about new ventures. Read here why now is the perfect moment to start.
- Published: 2022-06-01
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/is-now-the-best-time-to-start-a-business-no-but-that-shouldnt-stop-you/
- Category: Loans, Blog
Economic news may be pessimistic, but there are reasons for entrepreneurs to be optimistic about new ventures AUTHOR: Daire Burke, Head of Canada at Swoop The best time to plant a tree, they say, was twenty years ago. The second-best time to plant a tree is now. Twenty years ago, that advice was still the same. Does it hold true for businesses? Would-be founders should remember that uncertainty goes with the territory. “A computer in every home” sounded like a fantasy when the likes of Apple and Microsoft built their first machines. Today, just the one computer would mark your home out as unusually technology-lite. Not every business can reshape the world as profoundly as Apple and Microsoft, but they can turn uncertainty to their advantage. Uncertainty presents opportunities: for example, the wave of digital transformation that hit the financial services sector ten years ago saw the birth of disruptive and upstart banks, lenders, insurers and the like, all of them digital-first, agile, data-driven and speaking directly to their customer. The big banks were no longer competing with each other, they were fighting off dozens of tiny startup competitors. Today, when you speak with the legacy banks, their main concern is around how they can compete with the disruptors. Their outlook has completely changed. The big beasts of the financial world haven’t been knocked sideways by even bigger beasts, they’ve been tripped up by insects powered by digital technology. What industry would you be getting yourself into? There are two...
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### The five things that make a business investable
> Here we are going to look at the five things that make a business investable: what investors want to see from your business and you as someone they can work with
- Published: 2022-03-30
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/the-five-things-that-make-a-business-investable/
- Category: Investment, Equity, Blog
If you want your business to appeal to investors, make sure you give them what they want AUTHOR: Kerry Dwyer, Equity Manager at Swoop With a new tax year approaching, now is a good time to take a step back and consider your approach to attracting investment into your business. Investors are looking to give promising businesses two things: money and expertise. In return, you need to be able to demonstrate that these will be good investments. In this article, we are going to look at the five things that make a business investable: these are the things that investors will want to see from you to ensure that not only is your business sound, but also that you are someone they can work with. #1 A great idea At the core of everything is the fundamental idea of your business. Front and centre, what problem does your business solve? It is important to be clear about this and not to make the mistake of overdoing the slide on your pitch deck that covers this, making it seem as though the problem is being ‘fluffed up’. Airbnb’s seed pitch deck covered their problem in three key points: they addressed the customer’s problem and the hotels/hosts’ problem before leading into the next slide on the solution: A web platform where users can rent out their space to host travellers. Getting your solution in one line here is important. Be prepared to iterate time and time again over this, ask for opinions,...
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### Women mean business: support Canada’s female-led SMEs
> To mark Women’s History Month, Swoop has selected some of the schemes and competitions open to women business leaders in Canada. Read about them here.
- Published: 2022-03-03
- Modified: 2024-04-16
- URL: https://swoopfunding.com/ca/blog/women-mean-business-support-canadas-female-led-smes/
- Category: Investment, Funding resources, Blog
Women are well represented when it comes to startups, but these often remain small rather than scale up into larger businesses. The result is less VC money goes into women’s businesses. Daire Burke, Head of Canada at Swoop, says that for female-led businesses to thrive, change needs to happen: “First, if you look around the venture capital firms of this world, they are very male. There is a bit of a sense of ‘jobs for the boys’ - literally. That’s changing, but it’s slow. Second, women business owners tend to be slower at seeking VC money and they are often more conservative in how much they are seeking from investors. That’s really the job of everyone in the ecosystem, from advisors to entrepreneurs to push the envelope a bit more. ” Swoop itself is a female-led business that has raised £6. 5million since the company was founded in 2018. Andrea Reynolds, Founder and CEO at Swoop says:  “Grant funding has a really important role to play in getting a business up and running. In making a success of your idea, you have to use whatever you’ve got. When an agency hands out money to help specific groups, entrepreneurs should always check the eligibility criteria and put forward the best possible case. ” To mark Women’s History Month, Swoop has selected some of the schemes that are helping level the playing field for businesses owned by women.   WES Ecosystem Fund The Government of Canada has announced its commitment to advancing...
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### Canada’s COVID-19 winners, losers - and what comes next in 2022
> After a tumultuous two years, Canada’s SMEs are adapting to a new normal. Here we explore whether struggling businesses are getting the help they need.
- Published: 2022-01-18
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/blog/canadas-covid-19-winners-losers-and-what-comes-next-in-2022/
- Category: Ecommerce, COVID-19, Blog
After a tumultuous two years, Canada’s SMEs are adapting to a new normal. Daire Burke, Head of Canada at Swoop, explores whether struggling businesses are getting the help they need to turn their fortunes around AUTHOR: Daire Burke, Head of Canada at Swoop Small and medium enterprises (SMEs) are a vital and thriving part of the Canadian economy, providing employment and growth despite the disruption caused by COVID-19. As Head of Canada at Swoop, I’ve seen how Canadian businesses have dealt with the pandemic and seen why some businesses have boomed while others have failed. A catalyst for inequality Around the world, the pandemic has been a catalyst of inequality and we are seeing that particularly in Canada: hospitality, tourism and the health and fitness sectors are really struggling. On the other side of the coin are those businesses which have reduced their overheads by closing their offices and wiping out the rent, energy and travel costs from their P&L. Provincial governments have started making Small Business Relief Grants available this month for businesses forced to close under the latest set of restrictions. These are generally up to $10,000, but taking headcount as the main metric used to calculate grant entitlement, many small businesses are left with relatively little. Even at the higher end, $10,000 would do little to cover the lost revenue and looming overheads faced by a restaurant or gym forced to close. Other schemes to help businesses include partial rebates on energy overheads and tax commitments. Again,...
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### Funding your franchise: a guide for franchisees
> You want to become part of a franchise because you want the security of a tested business model, a recognisable brand and support in growing your own business.
- Published: 2021-12-10
- Modified: 2024-07-16
- URL: https://swoopfunding.com/ca/blog/funding-your-franchise-a-guide-for-franchisees/
- Category: Partners, Loans, Funding resources
Whether this is your first franchise or your fiftieth, Swoop’s finance experts will make your life easier. BACKGROUND You want to become part of a franchise because you want the security of a tried and tested business model, a recognisable brand and support in growing your own business. To do this, you will need to run a business that has the resources needed to meet the brand standards of the franchise you have chosen, but getting the funds required to open and equip a franchise, train staff and market the business to customers can be challenging. Swoop is a funding platform that helps businesses find the money they need to get started, grow and succeed. What is franchise finance? Franchise finance is a loan of money to enable you to buy and open a franchise. It could cover the cost of premises, equipment, licencing, marketing and may include running costs for a period of time until the franchise is generating income. Franchises are attractive businesses because they allow entrepreneurs to buy into an established brand. Customers like to buy from brands they already know, which is why franchises will have guidelines on how premises and signage should look, the equipment it should contain, the uniforms the staff wear and even software used to run the business. Buying a franchise is a very established path to building a successful business, but the costs of starting up can be higher than for other similar businesses (for example, non-franchise companies may be able...
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### Secured vs. unsecured business loans – what’s best for my business?
> Secured and unsecured business loans both have their pros and cons. If you are unsure which to go for, read all about them here.
- Published: 2021-09-20
- Modified: 2024-07-25
- URL: https://swoopfunding.com/ca/business-loans/secured-vs-unsecured-business-loans/
- Category: Blog, Grants, COVID-19, Funding resources
Whether it’s in the context of business loans or, for that matter, any type of finance, the distinction between secured and unsecured lending is a crucial one. Let’s take a look at different types of ‘security’ you might want to offer up to a lender, the pros and cons of secured vs. unsecured loans, and what you should consider before you take out either type of loan. Let’s first look at some definitions. What is a secured business loan? A secured business loan allows you to use an asset – or the total value of multiple assets – as security against the amount you borrow. The lender uses your asset(s) as a form of guarantee and is therefore often able to offer better repayment terms than you’d find with an unsecured business loan. Secured business loans are typically secured against property, equipment, machinery or land – but lenders might use any high-value assets that either you or your business might own. There are other types of secured lending though. For example, invoice finance allows you to use your invoices and accounts receivable (i. e. money owed to your business) as security for a loan. With a secured loan, the security of course reduces the risk for lenders. This not only increases your chances of actually getting a loan, but usually allows you to borrow more money, for a longer term – and you’ll be offered better interest rates compared to those for an unsecured loan. What is an unsecured business...
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### How to refinance a business loan
> Find out all you need to know about refinancing a business loan and if it’s the right decision for your business. Get started with Swoop.
- Published: 2021-01-19
- Modified: 2024-12-17
- URL: https://swoopfunding.com/ca/blog/how-to-refinance-a-business-loan/
- Category: Blog, SME support, Savings, Loans, Funding resources
As interest rates drop, many businesses are reevaluating their current loans and looking for opportunities to refinance existing debt to optimize their financial position. Lower interest rates present the opportunity not only to reduce costs of borrowing, but also to free up cash flow to fuel growth and capital investments. If you took out a loan when your business was just starting up or some time has passed since, it’s likely that you’ll now have access to a wider range of business financing possibilities than you did back then. Since applying for your original loan, your business may have grown and become more established, you may have built up a business credit history, and you may even have some collateral to put down for a new loan. As a result, your business is likely to be much more attractive to lenders and you’re more likely to get approved for more competitive business loan rates and terms, making now a good time to refinance. Here, we explain all you need to know about refinancing a business loan. How does debt refinancing work? When you refinance a business loan, you simply take out a new loan to repay your existing one. There are many benefits to doing this. For a start, it could allow you to take advantage of lower interest rates, making your new loan much cheaper than your existing one. Alternatively, refinancing could enable you to choose a longer loan term and reduce your monthly payments, or it could allow...
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## Case studies
### Fueling growth: how Swoop helped a medical equipment distributor break through cash flow constraints
- Published: 2025-05-08
- Modified: 2025-05-08
- URL: https://swoopfunding.com/ca/case-studies/how-swoop-helped-break-through-cash-flow-constraints/
At Swoop, we empower businesses to achieve their full growth potential. This case study illustrates how we partnered with a rapidly expanding medical equipment distributor in Canada to overcome a critical cash flow challenge that was hindering their ability to capitalize on growth opportunities. Challenge: This ambitious medical supply company faced a common growth hurdle: the need to balance increasing demand with the financial realities of inventory management. They had a significant opportunity to leverage valuable bulk purchase discounts for medical equipment, but the upfront costs strained their cash flow. They required a flexible funding solution to bridge this gap and enable them to invest strategically in inventory without compromising their operational liquidity. Finding the right business financing for medical suppliers was crucial for their continued expansion. Ready to explore funding options to fuel your inventory growth? Get started today. Solution: Swoop connected the distributor with a lender specializing in Canadian business financing. We successfully secured a $500,000 line of credit, providing crucial working capital flexibility for bulk inventory purchases. This flexible financing for inventory allowed them to take advantage of cost savings and consistently fulfill customer demand. Furthermore, we identified an opportunity to optimize their existing financial structure by successfully refinancing their existing SBA loan at a lower interest rate, further enhancing their financial stability and freeing up capital for growth. Is your business looking for flexible working capital solutions? Explore line of credit options. Result: The implemented financial solutions had a transformative impact. The distributor gained the purchasing...
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### From the basement to app store top charts
> TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years. Read how we supported their growth here.
- Published: 2025-05-06
- Modified: 2025-05-06
- URL: https://swoopfunding.com/ca/case-studies/from-the-basement-to-app-store-top-charts/
- Category: Loans
TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years, pioneering the use of AI to create personalized, frictionless digital experiences. Founder and CEO Kundan Joshi has always believed in the power of technology to solve everyday problems and improve human experiences. As the company scaled rapidly across geographies and expanded its AI-driven product lines, TheAppLabb needed funding to bridge key growth periods. That’s when they partnered with Swoop. Through Swoop’s support, they secured a tailored working capital loan that allowed them to move quickly — fueling innovation, supporting expansion into the U. S. , and accelerating the launch of new solutions. Kundan credits the partnership for unlocking opportunities not only for TheAppLabb, but also for their clients. “We really found Swoop as a great one-stop shop for our finance team and the Swoop team has been fantastic in matching our needs with the right solutions,” he shared. With growth in full swing, TheAppLabb continues to push boundaries in mobile and AI innovation, backed by a financing partner that grows with them.
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### Strategic funding driving groundbreaking innovation
> Mannin is ready to grow and form international partnerships to amplify their impact. Through collaboration with Swoop, they’ve built a strong relationship.
- Published: 2025-03-28
- Modified: 2025-05-07
- URL: https://swoopfunding.com/ca/case-studies/strategic-funding-driving-groundbreaking-innovation/
- Category: Grants, Loans, Small business stories
Mannin Research is dedicated to developing innovative treatments for vascular diseases like glaucoma, kidney disease, and respiratory conditions. Their goal is to make a real difference in patients' lives with groundbreaking therapies. When they reached a critical point in their research, Mannin turned to Swoop for the funding they needed. With the expert support of the Swoop team, they secured the right financing and were able to quickly and smoothly expand both their team and research capacity. “Those funds helped us meet the next stage of our business, where we're now able to hire some really great management,” George shared. With their next financing round on the horizon, Mannin is ready to grow and form international partnerships to amplify their impact. Through ongoing collaboration with the Swoop team to meet various funding needs, they’ve built a strong, supportive relationship. As George puts it, “When I think of Swoop, I think of family. ”
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### Turning dreams into reality with a startup loan
- Published: 2025-02-17
- Modified: 2025-05-07
- URL: https://swoopfunding.com/ca/case-studies/turning-dreams-into-reality-with-a-startup-loan/
- Category: Loans, Small business stories
Nicolás Prada opened Piragua Colombian Specialty Store to share his culture and cuisine with the community. Offering homemade Colombian dishes, retail goods, and 100% Colombian coffee, his goal was to provide a taste of Colombia. After facing rejections from banks, Nicolás turned to Swoop for funding. “Swoop made my dream possible when the banks said no,” he says. With Swoop’s quick and easy loan process, he was able to open Piragua. The process was smooth and fast, with Swoop’s team providing ongoing support and guidance. “In less than a month, I got the loan,” Nicolás says, praising the speed and ease of working with Swoop. Thanks to the funding, Piragua is thriving, and Nicolás is gearing up to grow the brand.
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### Floating to new heights with a streamlined acquisition
> Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. See how Swoop helped Rosh here.
- Published: 2025-01-30
- Modified: 2025-02-05
- URL: https://swoopfunding.com/ca/case-studies/floating-to-new-heights-with-a-streamlined-acquisition/
- Category: Loans
Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. As an athlete with a background in Taekwondo, soccer, and badminton, Rosh understands the importance of recovery and discovered float therapy as a powerful, non-invasive way to heal. H2O Float Studio stands out by offering not just float therapy, but also registered massage therapy, unique themed floats, and even the option to float with a partner—something you won’t find anywhere else in Toronto. Thanks to funding from Swoop and its partners, Rosh was able to acquire the business and expand its offerings. With a dedicated team that prioritizes relaxation and rejuvenation, H2O Float Studio has nearly doubled in size in the past year. Looking ahead, Rosh plans to introduce hydrotherapy, psychotherapy, red light therapy, and sound healing—continuing the mission to be Canada’s go-to destination for mind and body reset.
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### How Swoop is helping Ark Renewable Energy keep Canada’s lights on
- Published: 2024-08-16
- Modified: 2024-09-10
- URL: https://swoopfunding.com/ca/case-studies/ark-renewable-energy/
Ark makes switching to solar easy for Canadians, but the company’s rapid growth sparked a need for funding Making your own energy is a no-brainer for many Canadians: after a period of volatile electricity prices and power outages, households with solar panels are able to reduce their costs, have a reliable supply and play their part in a sustainable future. For the last three years, the Canadian government has supported households by offering loans at zero percent interest to cover the cost of buying and installing solar panels. It’s a popular incentive that keeps the phones ringing, says Jamie Hoenisch, Engineering and Sales at Ark Renewable Energy. He says:  “There’s a lot of demand and interest in residential renewables. At Ark, we design and install customized solar systems in a seamless and hassle-free process. This is our second year in business but we have a full order book and there’s a clear opportunity to grow fast in the near future. ” What’s the problem? That zero percent federal loan to the customer is paid in two stages: 15 percent up front and the balance after completion of the work. This leaves a shortfall in covering the full cost of buying and fitting the solar panels. To remain competitive, the challenge of meeting the up-front cost of carrying out each project falls on Ark.   Jamie says that as a young company, their growth hinges on being able to find the money needed to make these projects happen: “When your sales cycle...
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### The Garage Door Depot case study
- Published: 2024-07-30
- Modified: 2025-02-05
- URL: https://swoopfunding.com/ca/case-studies/the-garage-door/
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### Even bankers are coming to Swoop for funding
> Knowing that Swoop had an established business in the UK, Irfan saw an opportunity to leverage Swoop's marketplace of funders and put the platform to the test.
- Published: 2024-06-11
- Modified: 2024-06-11
- URL: https://swoopfunding.com/ca/case-studies/bankers-coming-to-swoop/
When the employee of a major Canadian bank needed help funding their property portfolio, Swoop had the solution to their needs Irfan, a past executive leader at Canada's largest bank, got to know about Swoop when he was helping our company expand from the UK and Ireland into North America.   While working with us, Irfan was able to gain a deeper understanding of Swoop's offering and saw the value that it offered to business owners looking to compare the best financial products for their specific needs. Irfan’s own business interest lay in acquiring commercial property in Britain. Knowing that Swoop had an established business in the UK, Irfan saw an opportunity to leverage Swoop's marketplace of funders and put the platform to the test. As Daire Burke, Head of North America at Swoop says, there were a few issues in the way: “Irfan is not resident in the UK and his co-buyer didn’t have formal real estate experience. That said, they were from a family with a history of real estate investment and had been working alongside family members to gain experience for several years. The properties they were looking at were classified as ‘high street retail’ by several lenders, which limited their appeal. This was despite their location in a highly desirable and affluent area of the country. ” The properties that Irfan and his co-buyer were looking at were occupied by several different tenants and a number of the leases were due to expire within the next...
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### Atelier Munro
> Watch our small business stories with Atelier Munro here.
- Published: 2023-02-28
- Modified: 2023-02-28
- URL: https://swoopfunding.com/ca/case-studies/atelier-munro/
https://www. youtube. com/watch? v=mbX_H0gGlDE&list=PLUDDN7SlgXaNgxPjYoKQ9CGCwxVpQ6TDg&index=2
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### Finding a new lender to put their faith in a growing care home business
- Published: 2022-11-01
- Modified: 2024-12-05
- URL: https://swoopfunding.com/ca/case-studies/finding-a-new-lender-to-put-their-faith-in-a-growing-care-home-business/
When the customer’s former lender left the healthcare market, finding a replacement proved challenging. Then Swoop stepped in. If your go-to funding option dries up, what would you do?   That was the situation facing our care home customer earlier this year as their original facility expired. On going back to their lender, they found that they had made the decision to pull out of the healthcare market.   This came as a severe blow to the customer who just about survived, despite turning away new residents throughout the COVID-19 pandemic in order to protect existing residents. Now, with the care home returning to full occupancy, profits were up - but this wasn’t sufficient for most lenders.   “After doing the right thing and surviving through the pandemic, it felt like a slap in the face to be told lenders wanted a full 12 months of data to confirm our profitability,” explained Swoop’s customer. “Just as we felt we were bouncing back, it felt as though the rug was being pulled. ” Swoop’s Commercial Mortgage team took on the case. Ed Brown, Commercial Finance Manager at Swoop explains:  “From a business point of view, the only way was up: the home was making its way to full occupancy and becoming as profitable as it had ever been. For me, this was a business that had shown resilience, courage in taking the right actions to protect people, and I thought they deserved another chance to keep the doors open. ” Swoop...
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### AreaWealth Case Study
- Published: 2021-09-27
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/areawealth-case-study/
The Challenge AreaWealth is a technology driven investment management platform that maximises efficiencies for advisers in managing their clients’ financial needs. The Australian fintech provides a secure all-in-one platform that integrates a vast array of tools and resources through which advisers can assess, identify, and initiate targeted solutions for their clients. With their business model proven, Areawealth was eager to pursue ambitious strategic objectives to further client growth as well as expand their product offerings. In order to do so Areawealth needed access to further equity capital yet was unsure of how to navigate the equity landscape successfully. The Solution Areawealth initiated an equity seed capital raise with Swoop and leveraged Swoop’s expertise and connections within the equity funding space. Initially, Swoop – led by our equity expert Tim Brown - assisted in the preparation of AreaWealth’s pitch deck and presentation. Following such, AreaWealth was introduced to First Pacific Capital who would become their strategic funding partner. The Results With Swoop working as an intermediary and advisor to AreaWealth and First Pacific Capital throughout the process, AreaWealth was able to secure a capital raise of $2 million dollars. Client Testimonial “Swoop has been instrumental in achieving our desired Seed round funding objective which was oversubscribed, through an introduction of a Strategic Funding Partner - First Pacific Capital Pty Ltd. Throughout this process Tim has been strategic, collaborative and supportive working directly with AreaWealth and First Pacific Capital. ” Dean Lupton, Chief Commercial Officer - Area Wealth Administration Services Pty Ltd
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### Case Study: Concise Media
- Published: 2021-09-21
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/case-study-concise-media/
The challenge Having recently been appointed CFO at Concise Media, Mark Winkler had been working with the team for a number of months, exploring the different funding avenues available to the business. With Concise Media growing very quickly, the team wanted to ensure that they found a debt option that was right for the business. They had applied for CBILS previously but had been rejected due to the EU rule on state aid. The solution After being introduced to Swoop, Mark had a conversation with Mike and Sam from the Swoop team about the opportunities available to the business. Importantly, he received an update from Swoop regarding changes to the eligibility criteria for CBILS. Following this, Swoop were able to identify two or three parties that they felt might be suitable - in particular, they thought IWOCA would be a good match. The results Mark worked closely with Swoop to collate and present the information to IWOCA in the appropriate manner. This led to a call with IWOCA themselves followed by a proposal. Everything was wrapped up that day, and the money came through over the bank holiday weekend. Client testimonial “There were a number of elements which were important in this process, but primarily this was access to a broad range of lenders, and a deep level of expertise and genuine understanding of the debt products and the lenders’ requirements. With any debt products, there’s always the risk of downside circumstances so it’s important to have a team like...
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### Funding adds spice to growing condiment brand
> Find out how Swoop helped Moi Moi Sauce access the funding they needed to grow with confidence.
- Published: 2021-07-08
- Modified: 2021-07-08
- URL: https://swoopfunding.com/ca/case-studies/funding-adds-spice-to-growing-condiment-brand/
Moi Moi Sauce needed security to grow with confidence. Swoop found the perfect accompaniment. The challenge:  Founded by Arron Maddix, Moi Moi Sauce is a sustainable and environmentally friendly brand offering a selection of hot sauces to its customers. Alongside this, they have also created a pop-up restaurant business, with long term ambitions to turn this venture into an event catering company.   With customer sales increasing, Arron knew the next step was to invest more in the business, but needed some extra capital to achieve this.   The solution:  Having met Neil Dillon, Swoop’s Head of Equity, on a Virgin Step Up course, Arron decided to solicit Swoop’s help in his search for funding. Working with David from the Swoop team, he explored a number of potential routes, and settled on an advance funding option via YouLend. This solution provided a Merchant Cash Advance of £12,000 for unexpected expenses, which in turn gave Moi Moi Sauce the extra security it needed for the business to grow.   The results: Having secured the cash advance, the business was more cash flow stable. They will be moving to a new kitchen soon and scaling up in terms of production to a factory in Milton Keynes. With plans to create a sustainable recycling system connected to Moi Moi Sauce bottles, they are excited about the next steps in their business plan.   Client testimonial: “Swoop is very good at managing your expectations, helping you to remain realistic about the funding opportunities available...
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### Presols case study
> See how Swoop helped Presols access additional revenue needed to take their business to its next stage of growth.
- Published: 2020-12-18
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/case-studies/presols-case-study/
The challenge Presols offers long-term, high-quality and sustainable products and solutions for both business and retail segments. Aware of the shift in preferences and attitudes of the general public towards hygiene following the impact of COVID-19, and concerned about the major environmental impact of disposable masks, Presols sought to become a holistic provider of preventative hygiene products. This includes offering their customers high-quality washable, reusable and customisable facemasks. Having partnered with manufacturers across each of their product lines, and now at the point of generating revenue and breaking-even, additional revenue was needed to take the business to its next stage of growth.   The solution It was at this point that the team at Presols applied for Startup Funding having been connected to Virgin Startup by Swoop. The Swoop team also helped Presols assess their FX exposure and identify how they could be charged less FX fees for every inventory order made in dollars.   The results  Presols was able to use the funds to finance inventory purchase, enabling further growth for the business as the team continues to achieve great results like receiving Amazon’s Choice for one of their face mask collection.   Client testimonial  “We came across Swoop through a web search. The experience with Swoop has been fantastic. They really took the time to understand our business and continue to engage with us. This has helped us open new doors of funding and cost savings. ” www. presols. co. uk  https://www. linkedin. com/company/presolsuk/https://www. facebook. com/presolsuk/https://www. instagram. com/presolsuk/
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### Holy Moly case study
- Published: 2020-04-27
- Modified: 2020-04-27
- URL: https://swoopfunding.com/ca/case-studies/holy-moly-case-study/
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### The Story of Bookbarn International
- Published: 2019-10-29
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/the-story-of-bookbarn-international/
The challenge Bookbarn International sells second-hand and antiquarian books through 20 different online marketplaces around the world.   William Pryor – a direct descendent of Charles Darwin – and a colleague took over the troubled business in 2013 and has spent the last six years turning it around. He built the brand and put the software and systems in place that have enabled it to trade effectively on a global scale. Today, around 80 per cent of its sales are online, with the other 20 per cent taking place from its two shops and café in Somerset. After an appearance on Dragons’ Den in 2017 failed to attract investment, William began looking for alternative financial backing to grow the business, which was growing 25 per cent year on year. The solution Earlier this year, Bookbarn International CEO Nick Bates came across the Swoop Funding platform and advised William to get in touch. William had engaged a number of brokers previously, and none were able to get him the funding needed. It didn’t take long for that to change once he’d discovered Swoop. The results One call with the Head of Funding Solutions at Swoop was all it took. Swoop understood the complexities of the Bookbarn International business, and was able to build a strong business case for an underwriting team to give William a fast decision. On September 13 2019, just four days after his initial contact with Swoop, William – who has written several books himself – received an...
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### Case Study: Holy Moly Dips
- Published: 2019-07-19
- Modified: 2024-04-26
- URL: https://swoopfunding.com/ca/case-studies/case-study-holy-moly-dips/
The challenge Mexican food fans Gaz and Tom made it their mission to create a range of 100% natural guacamole and avocado-based dips, after a discussion about why you couldn’t buy delicious guacamole in supermarkets. They had the basis of a great idea in Holy Moly Dips, but no idea how to make it a reality. They needed funding and advice in order to design and make their product, bring it over from Mexico and get it into UK supermarkets. And they needed to understand more about the commercial, financial and operational pitfalls they might face as an SME. Thesolution The Holy Moly Dips duo discovered Swoop through an entrepreneurial accelerator. Over the last two years, Swoop has helped the Holy Moly Dips team in a multitude of ways, by listening to what they need and where they want to go, and helping them to find investors, partners and people who can support them in doing so. They have utilised a range of Swoop’s services, including financing, trade financing and tier one investment. Swoop has also linked Gaz and Tom up with a network of people who have been through similar experiences launching startups, or who have similar businesses – and now they all help each other. Theresults Holy Moly Dips has become the first company in the UK that has introduced 100% natural guacamole and avocado-based dips into the big supermarkets. It is sold in Waitrose, Sainsbury’s, Ocado and Wholefoods, and more than 100 other stores. Everything is made...
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### Case Study: Nimble Babies
- Published: 2019-06-21
- Modified: 2023-12-07
- URL: https://swoopfunding.com/ca/case-studies/case-study-nimble-babies/
The Challenge: Nimble Babies was founded by professional chemist Von Sy. When his sister mentioned that his niece’s milk bottles had gone cloudy and she struggled to get them really clean, Von set about finding a solution. He launched Nimble Babies’ first product – Milk Buster – in 2015. Von knew the next step would be to launch more plant-based cleaning products but, having spent all his money on the launch of Milk Buster, he needed to source additional funds before he could do so. The solution: Swoop stepped in, helping Von to navigate the daunting funding process and introducing him to potential funding sources ranging from tier 1 to invoice finance. Following a series of meetings and phone calls to find out more about the potential funding routes, Von decided that the best approach for Nimble Babies would be to opt for an equity funding option. This ensured that he would benefit from the advice of experienced mentors while having the reassurance of good cash flow and enough working capital to fulfil large orders from retailers and distributors. The Results: Thanks to the possibilities that funding has opened up, multi-award-winning Nimble Babies now has 10 plant-based cleaning products in its portfolio. It is available in 87 Boots stores around the UK, as well as on Boots. com, Ocado. com and Amazon. co. uk. Nimble Babies also exports to several overseas markets and hopes to soon be stocked in many more of Boots’ 2,500 stores nationwide, as well as other...
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## Business glossary
### Hotel Association of Canada (HAC)
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/hotel-association-of-canada/
Definition The Hotel Association of Canada (HAC) is the national trade organization representing the hotel and lodging industry in Canada.   What is the Hotel Association of Canada? The Hotel Association of Canada plays a key role in promoting a successful and sustainable hotel sector. Its membership includes hotels, motels, resorts, and other lodging establishments, as well as regional and provincial hotel associations. The HAC focuses on several key areas, including advocacy, industry research, and professional development. Through its efforts, the HAC represents the interests of the hotel industry to federal and provincial governments. It works to influence public policy on issues such as taxation, labor regulations, tourism promotion, and environmental sustainability, making sure that the industry's voice is heard in legislative processes. The association conducts industry research, providing members with valuable insights into market trends, economic impacts, and consumer preferences. This information helps hotel operators make informed business decisions and stay competitive in a dynamic market. Professional development is another core function of the HAC. The association offers various programs, training sessions, and resources to help members improve their operational efficiency, improve service quality, and adopt best practices in areas such as marketing, technology, and guest relations. Additionally, the HAC promotes networking and collaboration within the industry by organizing events, conferences, and forums where members can share knowledge, discuss challenges, and explore opportunities for growth. Example of the Hotel Association of Canada Suppose a hotel in Vancouver is struggling with the impact of new local tourism taxes and labor...
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### Canadian Dental Association
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-dental-association/
Definition The Canadian Dental Association (CDA) is a national professional organization representing dentists across Canada.   What is the Canadian Dental Association? The CDA provides leadership, advocacy, and resources to help dentists deliver high-quality care and to advance the science and practice of dentistry. The CDA serves as the collective voice of Canadian dentists on national and international issues related to oral health. It works closely with various stakeholders, including provincial and territorial dental associations, government agencies, academic institutions, and other health professionals, to develop policies and standards that improve oral health care delivery. One of the key roles of the CDA is to provide continuing education and professional development opportunities for dentists. This helps ensure that practitioners stay current with the latest advancements in dental science and technology, and comply with best practices in patient care. The association also offers various resources, such as clinical guidelines, research publications, and practice management tools, to support dentists in their day-to-day work. Additionally, the CDA is actively involved in public education and awareness campaigns to promote the importance of oral health. It provides information and resources to the public on topics such as preventive care, dental hygiene, and the link between oral health and overall well-being. Example of the Canadian Dental Association A dental practice in Toronto might use the CDA's updated clinical guidelines on infection control to improve their safety protocols. Additionally, the dentists in this practice might participate in CDA-sponsored workshops and webinars to stay informed about the latest advancements...
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### Excise Act 2001
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/excise-act-2001/
Definition The Excise Act 2001 is a federal law in Canada that governs the taxation and regulation of certain goods, specifically alcoholic beverages (beer, wine, and spirits), tobacco products, and cannabis products.   What is the Excise Act 2001? The Excise Act 2001’s primary purpose is to charge duties on these goods, control their production and distribution, and ensure compliance with health and safety standards. Under the Excise Act 2001, manufacturers and importers of these goods must be licensed and comply with specific operational requirements. The Act requires that excise duties be paid on the production and sale of these products, which are critical sources of revenue for the federal government. The duties are applied at different rates depending on the type and quantity of the product. The Act also outlines stringent record-keeping and reporting requirements to prevent tax fraud and ensure accurate duty payments. Businesses involved in the production, distribution, or importation of the covered goods must maintain detailed records of their activities and submit regular reports to the Canada Revenue Agency (CRA). Additionally, the Excise Act 2001 includes provisions to combat the illegal production and trade of alcohol, tobacco, and cannabis products. It grants authorities the power to inspect premises, seize illegal goods, and impose penalties on those who violate the regulations. Example of the Excise Act 2001 An example of the Excise Act 2001 in action is a Canadian brewery producing beer. Under this Act, the brewery must be licensed and pay excise duties on every liter...
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### T2125 form
- Published: 2024-07-17
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t2125-form/
Definition A T2125, also known as the Statement of Business or Professional Activities, is a tax form used in Canada by self-employed individuals, sole proprietors, and partnerships to report income and expenses related to their business or professional activities. What is a T2125 form? A T2125 is part of the personal income tax return and is used to calculate the net income or loss from business or professional activities, which is then included in the taxpayer's overall income for the year. The T2125 form requires detailed information about the business, including the type of business, its address, and the main product or service provided. Taxpayers must report gross income from their business activities, which includes all revenue earned before any expenses are deducted. The form also includes sections to list various business expenses, such as advertising, meals and entertainment, office supplies, salaries, and wages. These expenses are subtracted from the gross income to determine the net profit or loss. Additionally, the T2125 allows for the deduction of capital cost allowance (CCA) for depreciable assets used in the business, such as vehicles, equipment, and buildings. The T2125 form helps the Canada Revenue Agency (CRA) make sure that self-employed individuals and business owners accurately report their income and claim only legitimate business expenses. Properly completing the T2125 is essential for complying with tax regulations and avoiding penalties for underreporting income or over-claiming expenses. By using the T2125, taxpayers provide a clear and comprehensive account of their business activities, enabling the CRA to...
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### Capital cost allowance
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/capital-cost-allowance/
Definition Capital cost allowance (CCA) is a tax provision in Canada that allows businesses and property owners to deduct the cost of certain capital assets over time. What is the capital cost allowance? Capital cost allowance reflects the wear and tear, or depreciation, of assets used to generate income. This deduction acknowledges that capital assets, such as buildings, equipment, and vehicles, lose value over their useful life due to usage or wear. The purpose of CCA is to match the cost of buying or improving capital assets with the income those assets generate. It helps businesses recover the cost of their investments gradually, rather than deducting the entire cost in the year the asset is purchased. By spreading out the deduction over several years, businesses can reduce their taxable income each year, which lowers their immediate tax liability and supports cash flow. The amount of CCA that can be claimed annually depends on the type of asset and its class under the Income Tax Act. Different classes of assets have different rates of depreciation allowed by the CRA. For example, buildings might have a slower depreciation rate compared to vehicles or machinery. Taxpayers must comply with CRA rules regarding CCA rates, eligible assets, and recapture rules if the asset is sold or disposed of. Example of the capital cost allowance Let’s say a Canadian business purchases new manufacturing equipment for $100,000. Instead of deducting the full $100,000 as an expense in the year of purchase, the business claims CCA on...
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### T5013 slip
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t5013-slip/
Definition A T5013 slip is an official tax document used in Canada to report income and expenses related to partnerships. What is a T5013 slip? Issued annually to each partner by the partnership's administrator, the T5013 slip provides detailed information about the partner's share of the partnership's income, losses, and deductions for tax purposes. Partnerships that meet certain criteria, such as generating business income or professional income in Canada, are required to file a T5013 with the Canada Revenue Agency (CRA). This return includes financial details about the partnership's operations, which are summarised and reported to each partner on their respective T5013 slips. The T5013 slip typically includes essential information such as the partner's name and address, as well as the partnership's name and Business Number (BN). It also details the partner's share of income, losses, and other financial items like capital gains or losses, rental income, and various deductions. Partnerships issue T5013 slips to partners by the end of March following the tax year to make sure partners have the necessary information to accurately report their income on their personal tax returns. Partners use the information from the T5013 slip to report their share of partnership income and expenses, which helps ensure compliance with Canadian tax laws and the accurate assessment of taxes owed or refunds due.
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### T5 slip
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t5-slip/
Definition A T5 slip in Canada is an official tax document issued by financial institutions and other organizations to report various types of investment income to both the taxpayer and the Canada Revenue Agency (CRA). What is a T5 slip? The primary purpose of the T5 slip, also known as the "Statement of Investment Income," is to detail the income earned from investments over the course of a tax year. The types of income reported on a T5 slip include interest from bank accounts and bonds, dividends from Canadian corporations, and certain foreign income. It also includes other investment income such as royalties. The slip is issued by entities such as banks, credit unions, investment firms, and corporations that pay out investment income to individuals. Each T5 slip includes essential information such as the recipient's name and address. The slip lists various boxes that detail specific types of income earned and any applicable tax credits, such as dividend tax credits for Canadian dividends. Taxpayers use the information provided on T5 slips to accurately report their investment income on their annual income tax returns. Failing to report the income from a T5 slip can result in penalties and interest charges from the CRA. T5 slips must be issued by the end of February following the tax year in which the income was earned. Both the CRA and the taxpayer receive copies of the slip to ensure transparency and accurate tax reporting. This document is essential for individuals with investment income as...
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### Department of Finance Canada
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/department-of-finance-canada/
Definition The Department of Finance Canada is a federal government department responsible for overseeing the country's economic and financial policies.   What is the Department of Finance Canada? The Department of Finance Canada’s primary role is to create a strong and sustainable economy by developing policies related to economic growth, government spending, taxation, and the management of public debt.   Furthermore, the department plays a key role in formulating the federal budget, which outlines the government's fiscal priorities and allocates funding to various programs and initiatives. Key responsibilities of the Department of Finance Canada include advising the government on economic and fiscal matters, preparing annual budgets, and managing federal borrowing. It also designs tax policies aimed at promoting fairness and economic efficiency, while ensuring the stability of the financial system through regulatory frameworks. The department monitors and analyzes economic and financial developments both domestically and internationally to inform policy decisions. It works closely with other government departments, international organizations, and the private sector to develop and implement policies that support economic stability and growth. The Department of Finance Canada is led by the Minister of Finance. The department's work is essential for maintaining the country's economic health, ensuring fair fiscal management, and supporting the government's strategic priorities. Example of the Department of Finance Canada Each year, the department conducts extensive economic analysis and consultations to draft a budget that outlines the government's spending priorities, tax policies, and fiscal strategies. For instance, during an economic downturn, the department might propose increased...
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### Competition Bureau Canada
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/competition-bureau-canada/
Definition The Competition Bureau Canada is an independent federal law enforcement agency responsible for ensuring and promoting competitive markets across Canada.   What is the Competition Bureau Canada? The Bureau’s primary role is to investigate and prevent anti-competitive practices, such as cartels, abuse of market dominance, and unfair marketing practices. Its aim is to protect consumers, businesses, and the economy from practices that undermine competition. The Bureau also implements several laws. These laws help maintain fair competition and accurate information in the marketplace. A significant part of the Bureau's work involves reviewing mergers and acquisitions to make sure they do not result in reduced competition or create monopolies. If a proposed merger is likely to harm competition, the Bureau can challenge it and seek remedies or block it altogether. The Bureau also engages in advocacy and outreach activities to promote the benefits of competition. It provides guidance to businesses on complying with competition laws and educates consumers on recognizing anti-competitive practices. The Bureau's activities contribute to economic efficiency and innovation, ensuring Canadians benefit from competitive prices, product choices, and quality services. Example of the Competition Bureau Canada Suppose the Bureau receives complaints that a group of major supermarket chains has been collaborating to fix the prices of bread, resulting in higher costs for consumers. The Bureau conducts a thorough investigation, gathering evidence such as emails, meeting records, and financial documents. If the investigation finds that the retailers have indeed engaged in price-fixing, the Bureau can take legal action. This might...
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### Canadian Transportation Agency (CTA)
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-transportation-agency/
Definition The Canadian Transportation Agency (CTA) is an independent tribunal and regulator responsible for overseeing various aspects of Canada's transportation system.   What is the Canadian Transportation Agency? CTA makes sure that the national transportation system runs efficiently and smoothly, balancing the needs of carriers, shippers, and the public. Its responsibilities include regulating air, rail, and marine transportation sectors. It resolves conflicts between transportation service providers and users, addressing issues such as service levels, tariffs, and accessibility. The agency ensures that transportation services comply with regulations and policies, promoting fair and competitive practices within the industry. In the air transportation sector, the CTA licenses air carriers, implement consumer protection regulations, and ensures that airlines meet accessibility standards for passengers with disabilities. For rail transportation, the CTA oversees the construction and operation of railway lines, resolves conflicts related to rail services, and implements rail safety regulations. In the marine sector, the agency regulates aspects of the shipping industry and handles conflicts related to transportation. The CTA also plays an important role in increasing accessibility within the transportation system. It develops and implements regulations and codes of practice to make sure that transportation services are accessible to people with disabilities, promoting inclusivity and equal access for all Canadians. Example of the Canadian Transportation Agency Let’s say there is a conflict between a shipping company and a railway operator. The Canadian logistics firm files a complaint with the CTA. The logistics firm says that the railway operator has not been meeting its obligations...
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### Trade Commissioner Service (TCS)
- Published: 2024-07-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/trade-commissioner-service/
Definition The Trade Commissioner Service (TCS) assists Canadian businesses in expanding their international presence and achieving success in foreign markets.   What is the Trade Commissioner Service? TCS operates in more than 160 cities worldwide, providing a wide range of services to support Canadian exporters, investors, and innovators. It helps Canadian companies navigate the complexities of international trade and investment. Trade Commissioners provide tailored support by identifying suitable markets, understanding local regulations, and connecting Canadian businesses with potential partners, buyers, and investors. The TCS also plays an important role in resolving trade barriers and challenges that Canadian companies may run into abroad. This involves leading discussions with foreign governments, advocating for Canadian business interests, and ensuring compliance with international trade agreements. By using its extensive network and expertise, TCS helps Canadian firms reduce risks and address issues related to market access, intellectual property, and regulatory requirements. Another key function of the TCS is to promote foreign direct investment (FDI) in Canada. The service works to attract and retain international investors by showcasing Canada’s competitive advantages, such as a skilled workforce, strong infrastructure, and favorable business environment. Through investment promotion activities and strategic partnerships, the TCS helps create economic growth and job opportunities within Canada. The TCS collaborates with various partners, including industry associations, provincial and territorial governments, and other federal agencies, to provide comprehensive support to Canadian businesses. By fostering international trade and investment, the TCS contributes to the overall global competitiveness of Canada. Through its dedicated services and global...
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### Canadian International Trade Tribunal (CITT)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-international-trade-tribunal-citt/
Definition The Canadian International Trade Tribunal (CITT) is an independent tribunal which provides Canadian businesses and individuals with a fair and transparent forum to resolve trade conflicts and make decisions on trade-related matters. What is the Canadian International Trade Tribunal? CITT's responsibilities include three main areas: trade remedies, government procurement, and tariff classification appeals. In terms of trade remedies, CITT conducts inquiries into complaints regarding the dumping of imported goods, which can harm Canadian industries by unfairly undercutting prices. Through these inquiries, CITT determines whether to impose anti-dumping duties on imported products to level the playing field for Canadian businesses. Regarding government procurement, CITT hears complaints regarding federal procurement processes and supplier conflicts. It makes sure that government procurement practices comply with trade agreements and that Canadian suppliers receive fair treatment in bidding processes. Additionally, CITT hears appeals related to the tariff classification of goods imported into Canada. This involves reviewing decisions made by the Canada Border Services Agency (CBSA) regarding the classification of goods under the customs tariff. CITT's decisions provide clarity on the appropriate tariff classification, which impacts the duties and taxes applied to imported goods. CITT operates independently of government departments. Its decisions are based on evidence presented during hearings, ensuring transparency and fairness in its process. By fulfilling its role, CITT contributes to the effective administration of Canada's trade laws, supports fair competition in international trade, and protects the interests of Canadian businesses and consumers. Example of the Canadian International Trade Tribunal An example of the...
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### Canadian Food Inspection Agency (CFIA)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-food-inspection-agency-cfia/
Definition The Canadian Food Inspection Agency (CFIA) is a federal government agency responsible for safeguarding Canada's food supply and protecting plant and animal health.   What is the Canadian Food Inspection Agency? CFIA plays a key role in ensuring that food products available to Canadians, whether produced domestically or imported, are safe, nutritious, and of high quality. CFIA's role includes a wide range of activities across three main areas: food safety, animal health, and plant protection. In terms of food safety, CFIA develops and implement regulations and standards that govern the safety and quality of food products sold in Canada. This includes conducting inspections of food establishments, testing food samples, and responding to food safety incidents to prevent and manage food borne illnesses. Regarding animal health, CFIA works to prevent and control animal diseases that could affect livestock, poultry, and aquatic animals. This involves regulating the import and export of animals and animal products, conducting surveillance programs, and implementing disease control measures to protect Canada's animal resources and maintain market access. In regards to plant protection, CFIA is responsible for preventing the introduction and spread of plant pests and diseases that could harm Canadian agriculture and the environment. CFIA regulates the import and movement of plants, seeds, and plant products, conducts inspections and testing, and collaborates with provincial and international partners to manage plant health risks effectively. CFIA collaborates closely with industry stakeholders, provincial and territorial governments, and international counterparts to uphold food safety standards, promote trade, and ensure regulatory...
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### Canadian Commercial Corporation (CCC)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-commercial-corporation/
Definition The Canadian Commercial Corporation (CCC) is a federal corporation that promotes international trade by helping Canadian businesses access and secure contracts with foreign governments.   What is the Canadian Commercial Corporation? The Canadian Commercial Corporation's primary role is to promote and support Canadian exports by acting as an intermediary in government-to-government contracts, providing Canadian companies with a competitive edge in international markets. CCC's main function is to offer export contracting services, which include identifying opportunities, managing contracts, and reducing risks. By guaranteeing contract performance and ensuring compliance with international trade regulations, CCC helps Canadian exporters reduce the complexities and uncertainties related to selling to foreign governments. This guarantees that the obligations of Canadian companies are met, therefore increasing the confidence of foreign buyers in Canadian products and services. One of the key services provided by CCC is the development of government-to-government (G2G) contracts, which allow foreign governments to get goods and services directly from Canada through CCC. This streamlined process helps Canadian businesses bypass lengthy and complex procedures in foreign markets. Additionally, CCC offers financial solutions, such as progress payments and advance payment guarantees, which help Canadian exporters manage cash flow and reduce financial risk. CCC supports a wide range of industries, including aerospace, defence, infrastructure, and clean technology. By using its expertise and network, CCC helps Canadian companies expand their global reach and compete more effectively in international markets. The corporation also collaborates with other federal agencies, such as Export Development Canada, to provide comprehensive support to Canadian...
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### Canada Development Investment Corporation (CDEV)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-development-investment-corporation/
Definition Canada Development Investment Corporation (CDEV) is a federal corporation established to manage the Government of Canada’s investments in commercial assets.   What is the Canada Development Investment Corporation? Canada Development Investment Corporation functions as an agent of the government, focusing on commercial management of government holdings. Its primary role is to act in the best interests of the government and Canadian taxpayers by overseeing investments, maximizing asset value, and ensuring efficient management. CDEV’s responsibilities include managing a diverse portfolio of government investments, which can range from energy sector assets to financial interests in various corporations. One of its important roles has been overseeing the government's investment in Trans Mountain Corporation, which operates the Trans Mountain Pipeline. This involves ensuring the pipeline's operation aligns with government policies and provides a return on investment. Additionally, CDEV handles the orderly sale of government assets. When the government decides to privatize or divest certain holdings, CDEV manages the process to achieve the best possible outcome for taxpayers. This includes preparing assets for sale, conducting market assessments, and negotiating terms with potential buyers. CDEV operates independently but reports to the Minister of Finance. It is governed by a board of directors appointed by the government, ensuring accountability and transparency in its operations. Financial and operational performance is regularly reviewed and reported to the public and the government.
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### Canadian customs tariff
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-customs-tariff/
Definition The Canadian customs tariff is a comprehensive system used by the Government of Canada to classify and apply duties to imported goods. What is the Canadian customs tariff? The Canadian customs tariff is essential for regulating international trade and generating revenue for the federal government. The tariff outlines specific rates of duty, which are taxes charged on goods as they enter Canada, and these rates can vary based on the type of product and its country of origin. The customs tariff system is aligned with the harmonized system (HS), an international nomenclature developed by the World Customs Organization (WCO) that standardizes the classification of goods. This alignment ensures consistency in trade practices and facilitates global commerce. Importers use the tariff to determine the applicable duties on their goods, which are calculated based on the product's classification under the HS code. The tariff rates can be influenced by various factors, including trade agreements and economic policies. For instance, products imported from countries with which Canada has free trade agreements may benefit from reduced or zero tariffs. Conversely, goods from countries without such agreements might face higher duties. The customs tariff also plays a role in protecting domestic industries by imposing higher duties on certain imported goods to make them less competitive compared to locally produced items. This protective measure helps maintain the viability of Canadian businesses and the overall economy. In addition to regulating duties, the Canadian customs tariff serves as a tool for collecting trade data and implementing trade...
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### Agriculture and Agri-Food Canada (AAFC)
- Published: 2024-07-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/agriculture-and-agri-food-canada/
Definition Agriculture and Agri-Food Canada (AAFC) is a department within the Government of Canada responsible for policies, programs, and services that support the agricultural sector and promote sustainable economic growth. What is Agriculture and Agri-Food Canada? AAFC works to improve the competitiveness and adaptability of the agricultural industry while ensuring environmental sustainability. Its activities include a wide range of areas, including research and development, market access, and trade, as well as food safety and quality. The department collaborates with various stakeholders, including farmers, agribusinesses, industry associations, and provincial and territorial governments, to address the challenges and opportunities facing the sector. By promoting innovation and facilitating the adoption of new technologies, AAFC aims to improve productivity and sustainability in agriculture. In addition to its domestic focus, AAFC plays a key role in promoting Canadian agricultural products in international markets. This includes negotiating trade agreements, supporting export development, and making sure that Canadian products meet the regulatory requirements of global markets. The department also provides financial assistance and risk management tools to help farmers and agribusinesses manage uncertainties such as market fluctuations, unpredictable weather conditions, and pests and diseases. AAFC is committed to promote sustainable agricultural practices that protect natural resources and contribute to environmental health. This involves supporting initiatives that promote soil health, water conservation, and biodiversity. Furthermore, the department is involved in addressing climate change by encouraging practices that reduce greenhouse gas emissions and reduce carbon emissions in agricultural landscapes. Through its diverse programs and initiatives, Agriculture and Agri-Food Canada...
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### T2 tax form
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t2-tax-form/
Definition The T2 tax form is a document filed by corporations in Canada to report their income, calculate taxes owed, and claim deductions and credits. What is a T2 tax form? The primary purpose of the T2 tax form is to report the financial activities of a corporation to the Canada Revenue Agency (CRA) for taxation purposes. It provides a comprehensive overview of the corporation's income, expenses, assets, liabilities, and taxes payable for the tax year. Corporations resident in Canada are required to file a T2 tax return annually. The filing deadline for the T2 tax return is six months after the end of the corporation's fiscal year-end. Key sections of the T2 tax form include: Corporate information: Details about the corporation, including its name, address, business number, fiscal year-end, and legal structure. Income statement: Reporting of the corporation's income, expenses, and net income for the tax year. Balance sheet: Listing of the corporation's assets, liabilities, and shareholders' equity at the end of the tax year. Tax calculation: Determination of the corporation's taxable income, federal and provincial/territorial tax rates, and taxes payable. Deductions and credits: Claiming of deductions, allowances, and tax credits available to the corporation. Failure to file the T2 tax return by the deadline or errors may result in penalties, fines, and potential audits. Example of a T2 tax form ABC Manufacturing Inc. gathers all the necessary financial information for the fiscal year. They then fill out the T2 tax form, reporting the company's income, deductions, and tax...
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### S&P/TSX composite index
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/sp-tsx-composite-index/
Definition The S&P/TSX composite index is the primary benchmark index for the Canadian equity market. What is the S&P/TSX composite index? The index is weighted by market capitalisation, meaning that the weight of each stock in the index is determined by its market capitalisation relative to the total market capitalisation of all stocks in the index. This method ensures that larger companies have a greater influence on the index's performance. The index aims to provide broad and comprehensive coverage of the Canadian equity market, including companies of different sizes and industries. As such, it includes both large-cap, mid-cap, and small-cap stocks, offering investors exposure to the entire spectrum of Canadian equities. Furthermore, the index serves as a benchmark for evaluating the performance of Canadian stocks and investment portfolios. It is widely used by investors, portfolio managers, financial analysts, and institutional investors to track the performance of the Canadian equity market, compare investment returns, and assess investment strategies. The index is diversified across multiple sectors, with allocations reflecting the composition of the Canadian economy. Sector weightings within the index may vary over time based on changes in market dynamics, economic trends, and sector-specific developments. Lastly, the index undergoes periodic rebalancing to make sure that it remains representative of the Canadian equity market. Rebalancing involves adjusting the index constituents and their weightings to reflect changes in market capitalisation, corporate actions, and other factors. Example of the S&P/TSX composite index John, an investor, decided to track the performance of the Canadian stock market....
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### Canadian Securities Exchange (CSE)
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-securities-exchange/
Definition The Canadian Securities Exchange (CSE) is a stock exchange based in Canada that provides a trading platform for publicly listed companies.   What is the Canadian Securities Exchange? The CSE serves as an alternative trading venue to traditional stock exchanges in Canada, such as the Toronto Stock Exchange (TSX). It serves companies at different stages of development, including early-stage startups, small-cap companies, and companies seeking growth capital. The CSE lists a wide range of securities, including common shares, preferred shares, debt securities, warrants, and structured products, which attracts companies from diverse sectors. The listing requirements for CSE are generally less stringent compared to other Canadian stock exchanges, making it more accessible to smaller companies. While companies must meet certain regulatory and governance standards, the CSE's listing criteria are designed to help companies with limited operating history or financial resources. The CSE provides market data services and calculates several benchmark indicators to track the performance of its listed securities. These indicators include the CSE Composite Index, which represents the overall performance of companies listed on the CSE, and sector-specific indices covering various industries. Furthermore, the CSE offers companies an opportunity to access capital markets and raise capital through public offerings and secondary financings. By listing on the CSE, companies can raise funds to finance growth initiatives, expand operations, and develop new products or technologies.
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### Toronto Stock Exchange (TSX)
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/toronto-stock-exchange/
Definition The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada, serving as a primary marketplace for trading equities, fixed-income securities, exchange-traded funds (ETFs), and other financial instruments. What is the Toronto Stock Exchange? The TSX provides a platform for companies to list and trade their securities, offering access to capital for businesses of all sizes across various industries. It lists a wide range of securities, including common shares, preferred shares, bonds, and rights. Companies listed on the TSX range from large multinational corporations to small and medium enterprises (SMEs), representing diverse sectors. The TSX operates under the regulatory oversight of the relevant securities commissions and regulatory bodies in Canada and it must comply with stringent listing requirements, disclosure standards, and trading rules to maintain the integrity and fairness of the marketplace. The TSX calculates and maintains several benchmark indicators to track the performance of the Canadian equity market. The most widely followed index is the S&P/TSX Composite Index, which consists of a broad-based selection of companies listed on the TSX and represents the overall Canadian stock market. Furthermore, the TSX provides opportunities for individual investors, institutional investors, and foreign investors to participate in the Canadian capital markets. Investors can access TSX-listed securities through brokerage firms, investment advisors, and online trading platforms. Listed companies on the TSX are subject to corporate governance requirements aimed at promoting transparency, accountability, and shareholder rights. These requirements include regular financial reporting, disclosure of material information, and adherence to corporate governance best practices.
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### Better Business Bureau (BBB) 
- Published: 2024-05-07
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/better-business-bureau/
Definition The Better Business Bureau (BBB) is a nonprofit organisation that aims to promote trust and transparency between businesses and consumers in the marketplace.   What is the Better Business Bureau? The BBB operates independently in North America, with local offices across the United States, Canada, and Mexico. The BBB's mission is to be the leader in advancing marketplace trust. Some of its other functions include: Providing business profiles: The BBB holds Business Profiles for millions of businesses, including company history, contact details, reviews, and complaints. Accreditation: Businesses can apply for BBB accreditation. Accredited businesses are recognised for their commitment to ethical business practices. Complaint resolution: The BBB mediates between consumers and businesses to resolve conflicts and complaints through its complaint handling process. Consumer education: The BBB provides resources and educational materials to help consumers make informed decisions when purchasing goods and services. Business education: The BBB offers resources and training programs to help businesses improve their practices, build consumers trust, and comply with ethical standards. The BBB assigns ratings to businesses based on various factors, including the number and nature of consumer complaints, government actions against the business, and the business's responsiveness to complaints. Ratings range from A+ (highest) to F (lowest), reflecting the BBB's assessment of a business's trustworthiness and reliability. These ratings and complaint data are publicly available on BBB’s website.
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### Canada Small Business Financing Program (CSBFP) 
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-small-business-financing-program/
Definition The Canada Small Business Financing Program (CSBFP) is a federal government initiative designed to help small businesses access financing for the acquisition of assets and equipment, as well as for leasehold improvements and commercial real estate. What is the Canada Small Business Financing Program? The CSBFP aims to support the growth and development of small businesses by providing them with access to affordable financing options. By guaranteeing a portion of the loan amount, the program encourages lenders to provide financing to eligible small businesses, thereby promoting entrepreneurship, innovation, and economic growth. To qualify for financing under the CSBFP, businesses must meet certain eligibility criteria, including being a for-profit Canadian business with annual gross revenues of $10 million or less. Eligible businesses must use the loan proceeds for the purchase or improvement of eligible assets, such as equipment, machinery, vehicles, or real estate, used for commercial purposes. The CSBFP provides loan guarantees to lenders, covering up to 90% of the net losses incurred in the event of default by the borrower. This reduces the risk for lenders and enables them to offer loans to small businesses at competitive interest rates and with flexible repayment terms. The maximum loan amount that can be guaranteed under the CSBFP is $1 million, with a maximum term of 10 years for equipment and leasehold improvements and 15 years for real estate. Example of the Canada Small Business Financing Program Jane wants to expand her operations by purchasing new equipment. However, she lacks the necessary...
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### Business Identification Number (BIN)
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/business-identification-number/
Definition The Business Identification Number (BIN) is a unique identifier assigned to businesses for the purpose of identification and tracking in various business-related transactions and interactions.   What is a Business Identification Number? BINs may vary depending on the jurisdiction and context, but they generally serve as a standardised way to reference and differentiate businesses. It is a unique alphanumeric code assigned to each business entity, separating it from other businesses. It is typically issued by a government agency, regulatory authority, or business registry as part of the business registration process. The authority responsible for assigning BINs may vary depending on the jurisdiction and the type of business. In some cases, BINs are issued by government agencies or departments responsible for business registration. In other cases, BINs may be assigned by industry-specific regulatory bodies or trade associations. The length and structure of BINs may also vary, with some jurisdictions using shorter or longer codes depending on their needs. BINs are considered sensitive information and are typically treated as confidential by businesses and regulatory authorities. They may be subject to privacy and data protection laws to ensure that they are used and disclosed appropriately and securely. In some cases, BINs may be integrated with other business identifiers. This integration helps streamline administrative processes and ensures consistency in business identification across different systems and jurisdictions. Example of a Business Identification Number (BIN) Let's say John owns a small construction company called "John's Builders Ltd. " and wants to register his business with...
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### Master Business Licence
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/master-business-licence/
Definition A Master Business Licence (MBL) is a type of business registration or licence required by some jurisdictions to legally operate a business within that jurisdiction.   What is a Master Business Licence? A Master Business Licence serves as a centralised registration for various business-related activities, such as incorporating a business, registering a business name, and obtaining certain permits or licences. Instead of getting separate registrations or licences for different business activities, businesses can apply for a Master Business Licence that covers these activities in one application process. The specific activities covered by a Master Business Licence vary depending on the jurisdiction.   To get a Master Business Licence, businesses typically need to submit an application to the relevant government authority or agency responsible for business registrations and licensing. The application process may require providing information about the business, its ownership structure, its intended activities, and any specific permits or licences required for its operations. There may be fees associated with applying for and obtaining a Master Business Licence, as well as renewal fees to maintain the licence. The fees vary depending on the jurisdiction and the type of business activities covered by the licence.   A Master Business Licence grants legal status upon the business and serves as evidence of its registration and compliance with any laws and regulations.   Example of a Master Business Licence Let's say Sarah wants to start a catering business in Ontario. She decides to register her business as a sole proprietorship and chooses...
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### Extra Provincial Licence (EPL)
- Published: 2024-05-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/extra-provincial-licence/
Definition An Extra Provincial Licence (EPL) is a regulatory requirement in some jurisdictions that allows a business registered in one province or territory to operate in another province or territory. What is the Extra Provincial Licence? Businesses are typically registered at the provincial or territorial level. However, if a business wants to expand its operations beyond the province or territory where it is registered, it may need to obtain an Extra Provincial Licence to legally conduct business in other jurisdictions. To get an Extra Provincial Licence, a business typically needs to submit an application to the relevant licensing authority. The application may require details about the business, its ownership structure, its registered address, and its intended activities in the jurisdiction where the licence is sought. Once granted, an Extra Provincial Licence imposes certain compliance requirements on the business. This may include maintaining a registered office or agent in the jurisdiction, filing annual reports or updates with the licensing authority, and paying any applicable fees or taxes. Failure to comply with these requirements may result in penalties or the revocation of the licence. While an Extra Provincial Licence grants a business the legal authority to operate in multiple jurisdictions, it does not alter the business's legal structure or status. The business remains registered as a separate legal entity in its home province or territory, and its liability, taxation, and other legal obligations are determined by the laws of that jurisdiction. Example of Extra Provincial Licence  Let's say a software development company...
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### Ransomware
- Published: 2024-04-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/ransomware/
Definition Ransomware is a type of malware designed to encrypt files or lock down computer systems, with the intention of getting payments from victims in exchange for restoring access to their data or systems. What is ransomware? Ransomware is a significant cybersecurity threat that can have major consequences for individuals, businesses, and organisations. It typically works by encrypting files on the victim's computer or network, making them inaccessible without the decryption key. Some ransomware variants may also lock down entire computer systems, preventing users from accessing their operating system or files until the ransom is paid. After encrypting files or locking down systems, ransomware displays a ransom demand to the victim, usually in the form of a message or notification on the affected device. The ransom demand typically instructs the victim to pay a sum of money to obtain the decryption key or regain access to their files or systems. Ransomware attacks can have severe consequences for victims, including data loss, financial loss, operational disruption, and reputational damage. Businesses and organisations may suffer downtime, loss of productivity, and damage to customer trust and confidence as a result of ransomware attacks. Preventing ransomware attacks requires a multi-layered approach to cybersecurity, including implementing robust security measures, keeping systems and software updated with the latest security patches, and educating users about cybersecurity best practices. Regularly backing up important data and storing backups offline or in a secure location can reduce the impact of ransomware attacks by allowing affected systems to be restored without...
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### Malware
- Published: 2024-04-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/malware/
Definition Malware, short for malicious software, refers to any software specifically designed to disrupt, damage, or gain unauthorised access to computer systems, networks, or devices.   What is malware? Malware represents a significant cybersecurity threat, posing risks to individuals, businesses, and organisations worldwide. Types of malware: Viruses: Malware that attaches itself to legitimate programs or files and replicates when the infected program or file is executed. Worms: Self-replicating malware that spreads across networks, exploiting vulnerabilities in operating systems or software. Trojans: Malware disguised as legitimate software or files, which may include backdoors, keyloggers, or remote access tools. Ransomware: Malware that encrypts files or locks down systems, demanding payment for decryption or restoration of access. Spyware: Malware designed to covertly monitor and collect sensitive information, such as passwords, browsing history, or keystrokes, often for malicious purposes. Adware: Malware that displays unwanted advertisements or redirects users to harmful websites, potentially generating revenue for the attacker. Rootkits: Malware that provides unauthorised access to a computer or network while concealing its presence and activities from detection. Effective cybersecurity measures can help prevent malware infections, including using reputable antivirus software, keeping systems and software updated with security patches, implementing firewalls and intrusion detection systems, and educating users about safe computing practices. Antivirus software and other security tools can also help detect and remove malware infections from systems. However, some sophisticated malware variants may dodge detection or require manual removal techniques. Example of malware A user receives an email with an attachment claiming to be an...
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### Challenger bank
- Published: 2024-04-16
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/challenger-bank/
Definition A challenger bank is a relatively new type of financial institution that challenges the traditional banking model by offering innovative and customer-focused banking services primarily through digital channels.   What is a challenger bank? Challenger banks are often startups or smaller institutions compared to traditional banks and aim to disrupt the industry by providing improved user experiences, lower fees, and more transparent services. These banks prioritise user experience by offering intuitive interfaces, quick account setup processes, and personalised financial management tools. They aim to make banking more efficient and enjoyable for customers. Additionally, the banks often introduce innovative features that differentiate them from traditional banks. This may include real-time transaction notifications, automated savings tools, budgeting assistance, and integration with third-party financial services. Challenger banks typically have lower overhead costs compared to traditional banks, allowing them to offer competitive interest rates on savings accounts, reduced or no fees for basic banking services, and favourable foreign exchange rates. Furthermore, challenger banks often target specific demographic groups or niche markets that may be underserved by traditional banks, such as freelancers, immigrants, or small businesses. By understanding the unique needs of these segments, challenger banks can tailor their offerings accordingly. Despite their disruptive nature, challenger banks are subject to the same regulatory requirements as traditional banks. Ensuring compliance with these regulations is essential for maintaining trust and credibility with customers. Example of a challenger bank BankX, an emerging challenger bank, reshapes banking norms with its tech-forward approach. Offering zero-fee accounts and instant peer-to-peer...
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### Burn rate
- Published: 2024-04-12
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/burn-rate/
Definition Burn rate in business finance refers to the rate at which a company is spending its available cash reserves or funds over a specific period. What is the burn rate? A burn rate indicates how quickly a company is using its financial resources and provides valuable insight into its financial sustainability. The formula for calculating the burn rate is: Burn rate = Total expenses / Time period Burn rate reflects the amount of cash a company is "burning through" to cover its expenses. This includes salaries, rent, utilities, marketing costs, research and development expenses, and any other operational costs. It serves as a key metric for assessing a company's financial health. A high burn rate relative to available funds indicates that the company may run out of cash quickly if it does not generate additional revenue or secure additional financing. Startups and high-growth companies may have high burn rates as they invest heavily in product development, marketing, and customer acquisition to capture market share and scale their operations. Investors closely monitor a company's burn rate as part of their due diligence process, especially in the startup and early-stage investment landscape. A high burn rate may raise concerns about the company's ability to achieve profitability or secure additional funding to sustain its growth path. Example of burn rate Company XYZ has $500,000 in cash reserves. Over the past month, it spent $50,000 on salaries, $20,000 on rent, $15,000 on utilities, and $10,000 on marketing, totalling $95,000 in expenses. Using the...
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### Retained earnings
- Published: 2024-04-10
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/retained-earnings/
Definition Retained earnings refer to the portion of a company's net income that is not distributed to shareholders as dividends but is instead retained and reinvested in the business. What are retained earnings? Retained earnings represent the sum of all past profits that have been reinvested in the company since its beginning, minus any dividends or other distributions to shareholders. They serve as a source of internal financing for various purposes such as funding expansion projects, research and development, debt repayment, or other investments aimed at increasing the company's value and competitiveness in the market. Retained earnings accumulate over time as a result of profitable operations. They are derived from the net income generated by the company after deducting all expenses, taxes, and dividends. While retained earnings are not directly distributed to shareholders, they contribute to increasing shareholder value in the long run. By reinvesting profits into the business and generating higher returns, companies can potentially boost stock prices and create wealth for shareholders over time. The decision regarding how much of the net income should be retained and how much should be distributed as dividends is influenced by various factors. A company may choose to retain more earnings during growth phases to fuel expansion, while mature companies with stable cash flows may opt to distribute a higher portion of earnings as dividends to reward shareholders. Example of retained earnings At the beginning of the year, ABC Inc. has retained earnings of $500,000. Throughout the year, the company generates a...
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### Cash sweep
- Published: 2024-04-09
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/cash-sweep/
Definition Cash sweep refers to the process by which excess funds in a bank account are automatically transferred into another account or investment that offers higher interest rates or better returns. What is a cash sweep? A cash sweep helps individuals or organisations optimise the use of their cash by ensuring that passive funds are not left sitting in low-interest accounts. There are several common types of cash sweep arrangements: Money market sweep accounts: Funds from a checking account are moved into a money market account, known for its higher interest rates compared to regular checking or savings accounts. Repurchase agreements (Repo sweep): This involves transferring extra funds into short-term investments. Repos are short-term loans backed by securities, offering a secure and liquid option for storing cash. Investment sweep accounts: Some brokerages provide cash sweep options. This enables investors to earn returns on their unused cash while retaining liquidity for trading or investment opportunities. Loan sweep accounts: Extra funds in a checking account are used to repay outstanding loan balances. This reduces interest costs while still allowing access to cash when required. Automatic transfers to external accounts: Some banks provide cash sweep services, automatically moving extra funds to external accounts at other financial institutions, like high-yield savings or investment accounts. By automatically moving cash into higher-yielding accounts or investments, individuals and organisations can maximise their returns on cash balances. Furthermore, cash sweep arrangements can help manage risk by diversifying investments or reducing exposure to counterparty risk. Example of a cash...
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### North American Industry Classification System (NAICS)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/north-american-industry-classification-system/
Definition The North American Industry Classification System (NAICS) is a standardized classification system used to categorize businesses and industries in North America.   What is the North American Industry Classification System? NAICS was developed as a collaborative effort between the U. S. , Canada, and Mexico to facilitate the collection, analysis, and distribution of economic data across national boundaries. NAICS provides a common framework for classifying industries, allowing for consistent comparisons of economic activities and trends across regions and sectors. The primary purpose of NAICS is to provide a standardized structure for classifying businesses and industries based on their primary economic activities. By categorizing industries into distinct sectors, subsectors, and codes, NAICS enables governments, businesses, researchers, and policymakers to analyze and understand economic trends, make informed decisions, and develop policies and programs tailored to specific industries. NAICS is developed and maintained through a collaborative effort between the statistical agencies of the U. S. , Canada, and Mexico. The system undergoes periodic updates to reflect changes in the economy, emerging industries, technological advancements, and shifts in business practices. NAICS classifications and related resources are freely available to the public through official websites maintained by the statistical agencies of the participating countries. Users can access NAICS codes and descriptions online or through specialized publications and databases to support their research and analysis. Example of the North American Industry Classification System In the NAICS system, the automotive manufacturing industry is classified under code 3361, which encompasses establishments primarily engaged in manufacturing motor vehicles,...
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### T4 slip
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/t4-slip/
Definition A T4 slip is a Canadian tax form used by employers to report employment income, deductions, and other relevant information for their employees.   What is a T4 slip? The T4 slip is an essential document for individuals to accurately report their income and deductions when filing their personal income tax returns with the Canada Revenue Agency (CRA). The amounts reported on the T4 slip are used to calculate the employee's total income, tax owing, and eligibility for various tax credits and benefits. Employers are required by law to provide a T4 slip to each employee who received employment income during the tax year. The T4 slip must be provided to employees no later than the last day of February of the following year, whether they are still employed or have left the organization. The T4 slip contains detailed information about an individual's employment income and deductions for the tax year, this uncludes: Employee's name, address, and social insurance number (SIN) Employer's name, address, and business number (BN) Employment income earned during the tax year Deductions withheld from the employee's pay  Taxable benefits provided to the employee The T4 slip is a key document for both employees and the CRA. It ensures that individuals accurately report their income and deductions, allowing the CRA to assess and collect the appropriate amount of income tax owed by taxpayers. Failing to report income or deductions accurately can result in penalties or interest charges imposed by the CRA. Example of a T4 Slip...
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### Tax Court of Canada
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/tax-court-of-canada/
Definition The Tax Court of Canada is a specialized federal court in Canada that handles conflicts related to federal taxation matters. What is the Tax Court of Canada? The Tax Court of Canada has jurisdiction to hear and adjudicate disputes arising from federal taxation matters, including income tax, goods and services tax, excise tax, and other federal taxes administered by the CRA. It handles cases involving both individuals and corporations. The Tax Court hears a wide range of cases related to federal taxation, including disputes over tax assessments, objections to reassessments, appeals of decisions made by the CRA, and other matters involving tax liability, deductions, credits, and penalties. It follows formal legal procedures similar to those of other courts in Canada. Parties to a tax conflict must file notices of appeal or applications within prescribed time limits and adhere to procedural rules. Furthermore, The Tax Court aims to provide accessible and efficient conflict resolution mechanisms for taxpayers seeking to challenge tax assessments or decisions of the CRA. It offers alternative conflict resolution methods, such as mediation and settlement conferences, to facilitate the resolution of tax conflicts outside of formal court proceedings. The Tax Court of Canada plays a key role in the Canadian tax system by ensuring the fair decisions of tax conflicts and promoting compliance with tax laws. It helps maintain the integrity of the tax system and protects the rights of taxpayers while upholding the principles of accountability and the rule of law.
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### Social Insurance Number (SIN)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/social-insurance-number/
Definition The Social Insurance Number (SIN) is a nine-digit identification number issued by the Government of Canada to Canadian citizens, permanent residents, and temporary residents who are eligible to work in Canada.   What is a Social Insurance Number? The primary purpose of the Social Insurance Number is to track individual earnings and contributions to Canada's social security system. It also serves as a key identifier for tax purposes, facilitating the administration of income tax and other federal and provincial taxes. The SIN is a nine-digit number in the format XXX-XXX-XXX, where each group of digits is separated by hyphens. The first digit of the SIN is always a digit between 1 and 9, while the remaining eight digits are randomly assigned. The Social Insurance Number is a sensitive piece of personal information, and individuals are encouraged to safeguard their SIN and only provide it when necessary. Service Canada takes measures to protect the security and privacy of SINs and has implemented safeguards to prevent misuse or unauthorized access. Individuals may need to update or replace their SIN card if it is lost, stolen, or damaged, or if their personal information changes. Example of a Social Insurance Number A social insurance number (SIN) is a unique nine-digit number issued to individuals for purposes of identification and accessing government benefits and services. For example, John Smith might have a SIN of 123-456-789. This number is used for various purposes such as filing taxes, accessing government benefits like employment insurance or pension...
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### Nuans Name Search Report reservation number
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nuans-name-search-report-reservation-number/
Definition The Nuans Name Search Report reservation number is a unique identifier assigned to a reservation made through the NUANS system in Canada.   What is a Nuans Name Search Report reservation number? When a proposed name is successfully reserved through the NUANS system, a reservation number is assigned to the transaction. This reservation number serves as a unique identifier for the reservation and is used to track and reference the reservation throughout the incorporation or registration process. The reservation number is associated with a specific validity period, typically ranging from 90 days to 180 days, depending on the jurisdiction and specific requirements. During this period, the reserved name is held for the applicant's use, allowing them time to complete the incorporation or registration process. In some cases, it may be possible to renew or extend a name reservation beyond its initial validity period, subject to additional fees and requirements. Once a proposed name is reserved and a reservation number is obtained, the applicant can proceed with the incorporation of a corporation or the registration of a business name using that reserved name.   Failure to comply with reservation requirements may result in the cancellation of the reservation or other legal consequences. Example of Nuans Name Search Report report reservation number  Nuans Name Search Report reservation number: NR123456789 Proposed name: ABC Consulting Inc. Validity period: 90 days In this example, the Nuans Name Search Report reservation number "NR123456789" is assigned to the reservation made for the proposed name "ABC Consulting...
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### Nuans Name Search Report
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nuans-name-search-report/
Definition The Nuans Name Search Report is a specialized document used in Canada to verify the availability and uniqueness of a proposed corporate or business name.   What is a Nuans Name Search Report? "NUANS" stands for "New Upgraded Automated Name Search," and the report is generated through the NUANS system, which is administered by Corporations Canada. Obtaining a Nuans Name Search Report is a legal requirement for incorporating a federal corporation or registering a business name in certain provinces and territories. The Nuans system conducts a comprehensive search of existing corporate and business names registered across Canada, including federal, provincial, and territorial databases. It identifies names that are identical or similar to the proposed name, as well as names that may be confusingly similar based on specific criteria. The report also indicates whether the proposed name is available for use or if modifications are required to make it unique. The report is typically valid for a limited period, ranging from 90 days to 180 days, depending on the jurisdiction and specific requirements. During this validity period, the proposed name can be reserved or used for the purpose of incorporating a corporation or registering a business. In some cases, the Nuans Name Search Report may be used to reserve a proposed name for a specified period, allowing the applicant time to complete the incorporation or registration process. Name reservations are subject to additional fees and requirements set by the relevant jurisdiction. Example of Nuans Name Search Report  Nuans Name Search...
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### NFP Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/nfp-act/
Definition The NFP Act refers to the Canada Not-for-profit Corporations Act, which is federal legislation governing the incorporation, governance, and operation of not-for-profit corporations.   What is the NFP Act? The primary purpose of the NFP Act is to provide a legal framework for the creation and governance of not-for-profit corporations in Canada. It aims to improve transparency, accountability, and effectiveness in the not-for-profit sector while facilitating the operation and growth of these organizations. The NFP Act sets out the requirements and procedures for incorporating a not-for-profit corporation in Canada. This includes eligibility criteria, name reservation, articles of incorporation, and filing requirements with Corporations Canada. Furthermore, it establishes rules and standards for the governance of not-for-profit corporations, including the composition and duties of boards of directors, member rights, meetings, and decision-making processes. Not-for-profit corporations incorporated under the NFP Act are required to maintain accurate financial records and prepare annual financial statements in accordance with generally accepted accounting principles. They must also comply with reporting requirements set out in the Act, including filing annual returns with Corporations Canada. The NFP Act outlines procedures for merging two or more not-for-profit corporations and for dissolving a corporation. It sets out the steps to be followed, including approval by members or directors, notification to stakeholders, and compliance with legal requirements.
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### Investment Canada Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/investment-canada-act/
Definition The Investment Canada Act (ICA) is a federal legislation in Canada that regulates foreign investment in Canadian businesses.   What is the Investment Canada Act? The Investment Canada Act aims to promote and protect Canadian interests by providing a framework for reviewing and approving foreign investments that may have significant economic, industrial, or national security implications. It seeks to strike a balance between attracting foreign capital and ensuring that investments are in the national interest. Under the Act, the government may review and approve or reject proposed investments based on specified criteria, including the potential economic benefits, net benefit to Canada, and national security considerations. For proposed investments that exceed certain financial thresholds, the Investment Canada Act requires investors to demonstrate that the investment will be of "net benefit" to Canada. This net benefit test considers factors such as the impact on employment, investment in research and development, and the contribution to Canada's competitiveness in global markets. In addition to the net benefit test, the Investment Canada Act authorizes the government to review proposed investments that may raise national security concerns. This review process allows the government to assess and reduce potential risks to Canada's national security. The ICA requires certain investors to provide information and reports to the government regarding their investments in Canadian businesses. This helps ensure transparency and accountability in the review process and allows the government to monitor foreign investment trends. Example of the Investment Canada Act Imagine a foreign company, ABC Industries, wants to...
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### Innovation, Science, and Economic Development Canada (ISED)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/innovation-science-and-economic-development-canada/
Definition Innovation, Science, and Economic Development Canada (ISED) is a federal government department responsible for fostering a competitive and innovative economy, supporting Canadian businesses, and promoting sustainable economic growth.   What is the Innovation, Science, and Economic Development Canada? ISED's primary purpose is to promote economic development, innovation, and entrepreneurship in Canada. It aims to create the conditions for businesses to grow, innovate, and compete in the global marketplace while fostering a strong and inclusive economy that benefits all Canadians. ISED plays a central role in advancing innovation and science initiatives to drive economic growth and improve Canada's global competitiveness. It supports research and development, technology commercialization, and collaboration between industry, academia, and government to foster innovation and drive breakthroughs in key areas such as clean technology, digital technology, and advanced manufacturing. Furthermore, ISED provides support and resources to help small and medium enterprises (SMEs) start, grow, and scale their businesses. This includes access to financing, advisory services, mentorship programs, and support for export and international trade opportunities. In an increasingly digital world, ISED is responsible for developing policies and strategies to promote the growth of Canada's digital economy. This includes initiatives to improve access to high-speed broadband internet, enhance digital knowledge and skills development, and support the adoption of digital technologies by businesses and individuals. ISED engages with international partners and organizations to promote trade, investment, and innovation cooperation. It works to strengthen Canada's position in the global economy and advance its economic interests on the international stage.
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### Income Tax Act
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/income-tax-act/
Definition The Income Tax Act (ITA) is the primary legislation governing federal income taxation in Canada.   What is the Income Tax Act? The Income Tax Act applies to individuals, corporations, trusts, and other organizations subject to taxation in Canada. It governs the determination of taxable income, the calculation of taxes owed, and the reporting and filing requirements for taxpayers. The Income Tax Act sets out the progressive tax rates and income brackets used to calculate the amount of tax owed by individuals and corporations. Tax rates vary based on the level of income earned, with higher-income earners subject to higher tax rates. However, it provides for various deductions, exemptions, and credits that taxpayers can claim to reduce their taxable income and overall tax liability. These may include deductions for expenses incurred in earning income as well as tax credits for specific activities or circumstances. Taxpayers are required to follow specific deadlines and requirements set by the Canada Revenue Agency (CRA) for reporting income, claiming deductions and credits, and filing tax returns. This involves complying with regulations established by the relevant legislation and ensuring the timely submission of returns and payment of any taxes owed. The Canada Revenue Agency (CRA) administers and enforces the Income Tax Act, ensuring compliance with tax laws and regulations. The CRA conducts audits, investigations, and assessments to verify the accuracy and completeness of taxpayers' filings and to address instances of non-compliance or tax fraud. Example of the Income Tax Act Canadian businesses are eligible to...
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### Harmonized Sales Tax (HST)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/harmonized-sales-tax/
Definition The Harmonized Sales Tax (HST) is a combined federal-provincial sales tax system that integrates the federal Goods and Services Tax (GST) with provincial sales taxes (PST) in certain provinces. What is Harmonized Sales Tax? The HST combines the federal GST with provincial sales taxes to create a single, harmonized tax rate. The total HST rate varies depending on the province or territory, and is higher than the federal GST rate due to the inclusion of the provincial portion. Each province sets its own rate for the provincial component of the HST. The HST applies to most goods and services sold or provided in participating provinces, including sales of tangible goods, services, and intangible property. Certain items, such as basic groceries, prescription drugs, and some medical and dental services, may be exempt from the HST. Businesses operating in provinces with the HST system are required to register for HST purposes with the Canada Revenue Agency (CRA) and collect and remit the HST on taxable supplies. Registered businesses can claim input tax credits to recover the HST paid on business purchases and expenses. Businesses are required to file HST returns periodically (monthly, quarterly, or annually). Failure to file returns or remit tax owing on time may result in penalties and interest charges. The HST generates significant revenue for both federal and provincial governments, funding various government programs and services, including healthcare, education, infrastructure, and social assistance. Example of Harmonized Sales Tax John buys a new television for $500 from an electronics...
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### Goods and Services Tax (GST)
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/goods-and-services-tax/
Definition The Goods and Services Tax (GST) is a federal tax charged on most goods and services sold for domestic use.   What is Goods and Services Tax? The GST is a value-added tax, meaning it is applied at each stage of the production and distribution process, ultimately paid by the end consumer. Businesses with annual taxable supplies exceeding a certain threshold must register for GST purposes with the Canada Revenue Agency (CRA). The GST applies to most goods and services sold or provided in Canada, including sales of real property, leases, and rentals, as well as imported goods and certain supplies of intangible property and services. However, some goods and services are exempt from GST, such as basic groceries, prescription drugs, and some medical and dental services. Businesses registered for GST can claim input tax credits to recover the GST paid on business purchases and expenses. This helps ensure that the tax is applied only to the value added at each stage of production and distribution. GST returns must be filed periodically (monthly, quarterly, or annually). Failure to file returns or remit tax owing on time may result in penalties and interest charges. The GST is a significant source of revenue for the federal government. It funds various government programs and services, including healthcare, education, infrastructure, and social assistance. Example of Goods and Services Tax Imagine Sarah purchases a new laptop for $1,000 from an electronics store in Toronto. The federal GST rate in Canada is 5%. The breakdown...
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### Form 4001
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/form-4001/
Definition Form 4001 - Articles of Incorporation refers to the legal document required to establish a corporation.   What is a Form 4001? Articles of Incorporation serve as the foundational document outlining the structure, purpose, and regulations governing a corporation's existence and operation, and is submitted to the relevant authority responsible for corporate registrations. The form starts by collecting basic information about the corporation being established. This includes the proposed name of the corporation, its registered office address, and its intended business activities. Furthermore, it typically requires the names and addresses of the initial directors and officers of the corporation. These individuals are responsible for managing the corporation's affairs and making decisions on behalf of the corporation. To finalize the incorporation process, the Articles of Incorporation typically require a declaration by one or more of the incorporators or initial directors, confirming the accuracy and completeness of the information provided.   Once completed, the Form 4001 is submitted to the relevant authority along with any required fees. Upon approval and registration, the corporation becomes a legal organization, separate and distinct from its shareholders, with the rights and obligations outlined in its Articles of Incorporation. Example of a Form 4001 Form 4001 - Articles of Incorporation Corporate name: XYZ Holdings Inc. Registered office address: 123 Main Street, Toronto Business activities: Investment holding company Directors and officers: John Smith Address: 456 Maple Avenue, Toronto Position: Director and President Jane Doe Address: 789 Oak Street, Toronto Position: Director and Secretary Registered agent: ABC Legal...
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### Form 22
- Published: 2024-04-04
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/form-22/
Definition Form 22 typically refers to the Annual Return required by the federal government or provincial authorities for corporations registered in Canada.   What is a Form 22? The general purpose of Form 22 is to provide updated information about the corporation's status, directors, and shareholders to the relevant regulatory authorities on an annual basis. The form starts by collecting basic identification details about the corporation, including its legal name, registration number, registered office address, and jurisdiction of registration (federal or provincial). Furthermore, it typically requires information about the corporation's structure, such as its legal type, date of incorporation, and any changes to its structure since the last filing. The form usually includes sections to disclose information about the corporation's directors and officers. For corporations with multiple shareholders, Form 22 may require details about the shareholders, such as their names, addresses, shareholdings, and any changes in ownership or share structure. While some jurisdictions may not require financial statements to be filed with the Annual Return, corporations may be required to confirm the accuracy of their financial records and compliance with accounting standards. To certify the accuracy and completeness of the information provided, the Annual Return typically requires a declaration and signature from an authorized officer, such as the corporation's director, secretary, or designated agent. Example of a Form 22 Form 22 - Annual Return Corporation name: ABC Corporation Ltd. Registered office address: 123 Main Street, Toronto Corporate structure: Type of corporation: Business corporation Date of incorporation: January 1, 20XX Director...
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### Export Development Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/export-development-canada/
Definition Export Development Canada (EDC) is Canada's export credit agency, with the purpose of supporting and facilitating Canadian exporters and investors in international markets.   What is Export Development Canada? EDC offers various financial products and services to support Canadian exporters, including export loans, working capital financing, and buyer financing. These financial solutions help Canadian companies access the capital they need to finance export contracts, fulfill orders, and expand their international sales. Furthermore, EDC provides export credit insurance to protect Canadian exporters against the risk of non-payment by foreign buyers. This insurance coverage helps exporters reduce the financial risk of doing business in foreign markets and provides peace of mind when extending credit terms to international customers. EDC provides market intelligence, research, and insights to help Canadian companies identify export opportunities, assess market potential, and develop market entry strategies. Its global network of experts and resources helps exporters stay informed about market trends, regulatory changes, and business opportunities around the world. Additionally, EDC facilitates trade financing and payment solutions to support international transactions and trade flows. It offers services such as letters of credit, documentary collections, and trade finance guarantees to help exporters and importers manage the financial aspects of international trade transactions. Example of Export Development Canada ABC Furniture, a Canadian furniture manufacturer, has secured a contract to supply a large hotel chain in the U. S. with furnishings for its new properties. However, ABC Furniture lacks the working capital needed to fulfill the order. EDC steps in and...
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### Corporations Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/corporations-canada/
Definition Corporations Canada is a federal government agency that serves as the primary authority responsible for the incorporation, regulation, and oversight of federal corporations operating in Canada.   What is Corporations Canada? Corporations Canada facilitates the process of incorporating federal corporations in Canada. This includes providing guidance and resources to individuals, entrepreneurs, and businesses seeking to establish federal corporations. By incorporating under federal jurisdiction, corporations can operate across multiple provinces and territories in Canada, following federal laws and regulations. Corporations Canada maintains a publicly accessible registry of federal corporations, which provides information about corporate organizations, including their names, addresses, directors, officers, and status. This registry serves as a valuable resource for individuals, businesses, investors, and government agencies seeking information about federal corporations operating in Canada. Furthermore, Corporations Canada promotes good corporate governance practices among federal corporations, encouraging transparency, accountability, and responsible stewardship. It provides guidance on corporate governance principles, best practices, and regulatory requirements to help corporations maintain high standards of conduct and integrity. Corporations Canada contributes to the development of federal corporate laws and policies to support innovation, competitiveness, and economic growth in Canada. It engages with stakeholders, industry groups, and government partners to identify emerging trends, challenges, and opportunities in the corporate sector and to propose legislative and regulatory reforms as needed. Example of Corporations Canada Jane, an entrepreneur, wants to establish a federal corporation for her technology startup. She visits the Corporations Canada website to access resources and guidance on the incorporation process. She completes the necessary...
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### Chartered Professional Accountants of Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/chartered-professional-accountants-of-canada/
Definition The Chartered Professional Accountants of Canada (CPA Canada) is the national organization representing the Canadian accounting profession.   What is the Chartered Professional Accountants of Canada? CPA Canada serves as the national voice for over 200,000 professional accountants across the country, and establishes and maintains professional standards for the accounting profession in Canada. This includes developing and updating accounting and auditing standards, ethical guidelines, and best practices to ensure consistency and quality in financial reporting and services. CPA Canada represents the interests of the accounting profession to government, regulators, standard-setting bodies, and other stakeholders. It advocates for policies and regulations that promote transparency, accountability, and integrity in financial reporting and business practices, while also supporting initiatives to strengthen Canada's economy and business environment. Furthermore, CPA Canada conducts research and publishes thought leadership on various topics relevant to the accounting profession and the broader business community. This includes research reports, publications, and resources on accounting standards, taxation, financial literacy, sustainability, and other emerging issues. Lastly, CPA Canada offers professional development programs, seminars, conferences, and networking events to support the ongoing learning and professional growth of CPAs across Canada. These activities provide opportunities for CPAs to enhance their skills, knowledge, and professional networks.
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### Canadian Controlled Private Corporation (CCPC)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canadian-controlled-private-corporation/
Definition A Canadian Controlled Private Corporation (CCPC) is a type of corporation recognized under Canadian tax law that meets specific criteria regarding Canadian ownership and control.   What is a Canadian Controlled Private Corporation? To qualify as a CCPC, a corporation must be resident in Canada for tax purposes and generally, at least 50% of the corporation's shares must be owned by Canadian residents or other CCPCs. CCPCs benefit from preferential tax treatment compared to other types of corporations. They may be eligible for the small business deduction, which provides a lower corporate tax rate on active business income up to a certain limit. Additionally, CCPCs may be eligible for other tax credits. To minimize their tax liabilities legally, CCPCs have access to various tax planning strategies. This includes strategies such as income splitting among family members, the use of the lifetime capital gains exemption for shareholders on the sale of qualified small business shares, and the ability to retain earnings within the corporation at a lower tax rate. CCPCs are subject to certain reporting requirements and compliance obligations under Canadian tax law. This includes filing annual corporate tax returns, maintaining accurate financial records, and complying with tax rules regarding dividends, salaries, and other forms of compensation to shareholders and employees. Example of a Canadian Controlled Private Corporation ABC Inc. is a small manufacturing company based in Canada. It is owned and controlled by Canadian residents, with 100% of its shares held by Canadian citizens. As a CCPC, ABC Inc....
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### Canada Revenue Agency
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-revenue-agency/
Definition The Canada Revenue Agency (CRA) is the federal agency responsible for administering tax laws, collecting taxes, and delivering a variety of social and economic benefit programs in Canada.   What is the Canada Revenue Agency? The CRA is responsible for collecting taxes owed by individuals, businesses, and other organizations in Canada. This includes conducting audits, investigations, and enforcement actions to ensure compliance with tax laws and regulations. The CRA provides various services to taxpayers to help them understand their tax obligations, navigate the tax system, and access benefits and credits for which they are eligible. This includes providing information and guidance through its website, call centres, and in-person service locations. Furthermore, the CRA is responsible for ensuring compliance with tax laws and regulations through education, outreach, and enforcement activities. This includes conducting audits, investigations, and criminal prosecutions to address tax evasion, fraud, and other forms of non-compliance. Additionally, the CRA collaborates with other government agencies and jurisdictions to share information and combat tax evasion, money laundering, and other financial crimes. It also participates in international efforts to promote tax transparency and combat offshore tax evasion.
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### Canada-Europe Trade Agreement (CETA)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-europe-trade-agreement/
Definition The Canada-European Trade Agreement (CETA) is a free trade agreement between Canada and the European Union (EU) and its member states. What is the Canada-Europe Trade Agreement? CETA aims to remove or reduce barriers to trade and investment between Canada and the EU, facilitating increased flows of goods, services, and capital. It eliminates or reduces tariffs on a wide range of products, making Canadian exports more competitive in European markets and vice versa. Additionally, CETA includes provisions to ease trade in services and promote investment between Canada and the EU. It provides for increased access to EU markets for Canadian service providers in areas such as financial services, telecommunications, and professional services, while also protecting the rights of investors. CETA includes provisions on intellectual property rights, including trademarks, copyrights, patents, and geographical indications. It establishes rules for the protection and enforcement of intellectual property rights, aiming to create a more predictable and transparent legal framework for intellectual property protection. Lastly, CETA includes chapters on sustainable development, labor rights, and environmental protection, aiming to ensure that trade and investment liberalization are conducted in a manner that promotes social and environmental objectives. Example of the Canada-Europe Trade Agreement Under the Canada-Europe Trade Agreement, a Canadian dairy producer gains improved access to the European market for its cheese products. With tariffs reduced or eliminated, the producer can now export its cheese to Europe at a more competitive price, expanding its market reach and boosting sales overseas. Similarly, a European wine producer benefits...
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### Canada Business Corporations Act (CBCA)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/canada-business-corporations-act/
Definition The Canada Business Corporations Act (CBCA) is a federal statute that governs the incorporation, organization, and regulation of corporations in Canada at the federal level.   What is the Canada Business Corporations Act? The CBCA sets out the requirements and procedures for incorporating a corporation in Canada. This includes the preparation and filing of articles of incorporation, which outline the corporation's name, registered office, share structure, and other key details. Furthermore, the CBCA provides rules for the issuance, transfer, and redemption of shares by corporations. It governs the rights and obligations of shareholders, including their entitlement to dividends, voting rights, and participation in the management of the corporation. The CBCA also requires corporations to maintain accurate financial records and to prepare and distribute financial statements to shareholders and other stakeholders. It also establishes requirements for auditing and the appointment of auditors to review the corporation's financial affairs. Additionally, the CBCA regulates various corporate transactions, such as mergers, acquisitions and reorganizations. It sets out procedures and requirements for obtaining shareholder approval and filing notices with regulatory authorities for such transactions. Lastly, the CBCA includes provisions aimed at promoting transparency, accountability, and fairness in corporate governance. It sets standards for directors' conduct, disclosure of conflicts of interest, and protection of minority shareholders' rights.
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### Bank of Canada
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/bank-of-canada/
Definition The Bank of Canada is Canada's central bank, responsible for formulating and implementing monetary policy, promoting a safe and efficient financial system, issuing banknotes, and acting as the government's fiscal agent.   What is the Bank of Canada? The Bank of Canada is responsible for formulating and implementing monetary policy to achieve the government's inflation target, which is currently set at 2%. It uses tools such as the target for the overnight interest rate, open market operations, and forward guidance to influence economic activity and inflation. The Bank of Canada promotes the stability and efficiency of the Canadian financial system by monitoring and assessing risks, providing liquidity to financial institutions when needed, and overseeing payment, clearing, and settlement systems. Additionally, the Bank of Canada acts as the government's fiscal agent, managing its bank accounts, issuing and redeeming government debt securities (bonds and treasury bills), and providing advice on debt management. The Bank of Canada conducts research and analysis on economic and financial issues to support its policy decisions and enhance the understanding of monetary policy and financial markets. Lastly, the Bank of Canada collaborates with other central banks and international organizations to promote global economic stability, coordinate monetary policy, and address international financial issues.
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### Accounting Standards for Private Enterprises (ASPE)
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accounting-standards-for-private-enterprises-aspe/
Definition Accounting Standards for Private Enterprises (ASPE) refers to a set of accounting principles and guidelines tailored specifically for private companies operating in Canada.   What are the Accounting Standards for Private Enterprises? ASPE applies to private enterprises, which are typically smaller, non-publicly accountable organizations. It is designed to meet the needs of private company financial reporting while also providing relevant and reliable information to users of the financial statements. ASPE aims to provide simpler and less complex accounting requirements. This is because private enterprises may have fewer resources and expertise to devote to complex accounting standards. Furthermore, ASPE outlines the principles for recognizing and measuring various assets, liabilities, income, and expenses in financial statements. It covers topics such as revenue recognition, inventory valuation, depreciation, and financial instrument accounting. Lastly, ASPE requires private enterprises to disclose relevant information in their financial statements to ensure transparency and provide users with a clear understanding of the organization’s financial position and performance. Disclosures may include information about significant accounting policies, related party transactions, and contingencies. Example of Accounting Standards for Private Enterprises  ABC Inc. , a privately owned manufacturing company, follows the Accounting Standards for Private Enterprises (ASPE) in preparing its financial statements. As part of its year-end reporting, ABC Inc. applies ASPE principles to recognize revenue from the sale of its products. According to ASPE guidelines, revenue is recognized when goods are transferred to the customer and the risks and rewards of ownership have been transferred. ABC Inc. ensures that its revenue...
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### Access to Information Act
- Published: 2024-04-03
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/access-to-information-act/
Definition The Access to Information Act is a federal law in Canada that provides individuals and organizations present in Canada with the right to access records held by government institutions.   What is the Access to Information Act? Under the Act, individuals and organizatiosn have the right to request access to records under the control of government institutions. This includes records in the form of documents, emails, reports, and other materials. They can request information on government policies, decisions, programs, and activities, as well as personal information held by government institutions. The Act establishes procedures for requesting access to information, including requirements for submitting requests, processing timelines, and fees. Government institutions are required to respond to access requests within specific timeframes and provide access to requested records, but there are certain limitations. While the Access to Information Act promotes transparency, it also includes provisions to protect sensitive information and national interests. Certain types of information, such as national security, law enforcement, and confidential commercial information, may be exempt from disclosure under the Act. Example of Access to Information Act John, a Canadian citizen, is interested in understanding how a specific government department allocates its budget for environmental initiatives. He submits an access to information request to the department, asking for records related to the budget allocations. The department is required to respond to John's request within 30 days and provide him with access to the requested records. After reviewing the records, John gains insight into the department's spending on environmental...
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### Angel syndicate
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/angel-syndicate/
Definition An angel syndicate is a group of individual angel investors who pool their resources and expertise to collectively invest in early-stage startups. What is an angel syndicate? Angel syndicates enable individual angel investors to combine their financial resources, allowing them to make larger investments than they would be able to alone. By pooling funds, syndicates can provide startups with greater access to capital, which is crucial for early-stage growth and development. Participating in an angel syndicate allows individual investors to diversify their investment portfolios across multiple startups. This helps spread risk and mitigate the potential for losses, as investments in early-stage companies are more risky. Angel syndicates conduct thorough due diligence on potential investment opportunities, evaluating factors such as market potential, competitive landscape, team capabilities, and growth prospects. Syndicate members collaborate to identify promising startups and assess their viability before making investment decisions. Angel syndicates aim to generate returns for their members through successful exits, such as acquisitions or initial public offerings (IPOs) of portfolio companies. Syndicate members typically share in the profits generated from successful exits, providing a financial incentive for participating in the syndicate. Example of an angel syndicate A group of experienced angel investors forms an angel syndicate focused on investing in early-stage software-as-a-service (SaaS) companies. They identify a promising SaaS startup developing a productivity tool for remote teams, and collectively invests $500,000 in exchange for a 15% equity stake in the company. The syndicate members leverage their expertise and networks to support the startup, and...
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### Market segmentation
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-segmentation/
Definition Market segmentation is a strategic approach used by businesses to divide a market into smaller, more manageable segments or groups of consumers who share similar characteristics, needs, or behaviours.   What is market segmentation? The purpose of market segmentation is to better understand and target specific customer groups with tailored marketing strategies, products, and services. Markets consist of diverse groups of consumers with varying needs, preferences, and behaviours. Market segmentation acknowledges this diversity and recognises that a one-size-fits-all approach to marketing may not effectively reach all consumers. Segments can be defined based on various criteria, including demographic factors, geographic location, psychographic characteristics, behavioural traits, or a combination of these factors. The choice of segmentation criteria depends on the nature of the market and the objectives of the marketing strategy. Once segments are identified, marketers evaluate and prioritise them based on factors such as segment size, growth potential, profitability, and compatibility with the company's resources and capabilities. This process helps marketers decide which segments to focus on and allocate their marketing resources effectively. Segmentation enables marketers to develop tailored marketing strategies and tactics for each segment. This includes customised product offerings, pricing strategies, distribution channels, and promotional activities designed to engage with the specific needs and preferences of each segment. Example of market segmentation A beverage company conducts market research and identifies that within its target market of young adults aged 18-30, there are distinct segments based on lifestyle and preferences.   Health-conscious individuals: This segment values health and wellness,...
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### Return on capital employed (ROCE)
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/return-on-capital-employed/
Definition Return on capital employed (ROCE) is a financial metric used to evaluate the profitability and efficiency of a company's capital investments.   What is return on capital employed? Return on capital employed measures how effectively a company is generating profits from its capital investments, including both debt and equity. The formula for ROCE is as follows: ROCE = (EBIT / Capital employed) x 100 ROCE is a key measure for investors, analysts, and management because it provides insights into how efficiently a company is using its capital to generate profits. A higher ROCE indicates that the company is generating more profits per unit of capital employed, which is generally favourable. Conversely, a lower ROCE suggests inefficiency in capital allocation. This metric takes into account the capital structure of the company, including both debt and equity. It provides insights into how effectively the company is managing its debt obligations while generating profits. While ROCE is a valuable metric, it has limitations. For example, it may be influenced by accounting practices, industry norms, and economic cycles. Additionally, it does not consider the cost of capital explicitly, which can vary based on market conditions. If you want to calculate the return on capital employed for your business, try our handy calculator today. Example of return on capital employed Let's consider a company, ABC Inc. , which reported an earnings before interest and taxes (EBIT) of $500,000 for the year. The company's total capital employed, including both debt and equity, is $2,000,000. Using...
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### Exchange rate
- Published: 2024-03-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/exchange-rate/
Definition An exchange rate refers to the value at which one currency can be exchanged for another.   What is an exchange rate? An exchange rate is essentially the price of one country's currency in terms of another country's currency. Exchange rates are determined by the foreign exchange market, which operates globally and around the clock. These rates fluctuate constantly due to various factors such as supply and demand, economic indicators, geopolitical events, and central bank policies. Exchange rates are quoted in pairs, with the base currency listed first and the counter currency listed second. The exchange rate indicates how much of the counter currency is needed to purchase one unit of the base currency.   There are two types of exchange rates: fixed and floating. Fixed exchange rates: A currency's value is tied to another currency or a basket of currencies. Governments or central banks maintain this fixed value by buying or selling their currency as needed. While providing stability, this system can be difficult to sustain in the long run. Floating exchange rates: Currency value is set by market supply and demand. While central banks may intervene to stabilise or address extreme volatility, market participants primarily determine the exchange rate. This system offers flexibility and adapts more freely to economic changes. Exchange rates play a crucial role in international trade, investment, and finance. They affect the cost of imported and exported goods and services, influence investment decisions, impact tourism and travel expenses, and can affect a country's balance...
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### Deferred income
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/deferred-income/
Definition Deferred income is a liability recorded on a company's balance sheet that represents revenue received in advance of being earned. What is deferred income? Deferred income refers to the money a company receives for goods or services that it has not yet provided to the customer. It is recognised as a liability on the balance sheet because the company has an obligation to deliver the goods or services in the future. As the company fulfils its obligations and delivers the goods or services to the customer, the deferred income is gradually recognised as revenue on the income statement. This recognition typically occurs proportionately over the period during which the goods or services are provided. Companies are required to disclose the nature and amount of deferred income in their financial statements to provide transparency regarding their future revenue obligations and the timing of revenue recognition. Deferred income is important for financial analysis as it provides insights into a company's cash flow, revenue recognition practices, and future performance expectations. It also helps investors and analysts assess the sustainability of a company's revenue stream and its ability to fulfil its obligations to customers. Example of deferred income Let's say a fitness centre sells annual memberships for $1,200 each. A customer purchases a membership and pays the full amount upfront. Since the membership covers a period of 12 months, the fitness centre hasn't yet earned all of the revenue received. At the time of purchase: The fitness centre records $1,200 as deferred income...
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### Cross rate
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/cross-rate/
Definition A cross rate refers to the exchange rate between two currencies, neither of which is the official currency of the country in which the quote is provided.   What is cross rate? The cross rate is the exchange rate between two currencies, calculated from their respective exchange rates with a third currency, often known as the base currency. These rates are used in situations where the currencies being exchanged are not commonly traded directly against each other in the foreign exchange market. Instead, their exchange rate is calculated indirectly through a common intermediary currency. Cross rates are calculated using the exchange rates of the currencies involved and the base currency. The process involves multiplying or dividing the exchange rates to calculate the cross rate. For example, if you want to find the cross rate between Currency A and Currency B, you would first convert both currencies to a common base currency, such as the US dollar, and then calculate the exchange rate between Currency A and Currency B based on their respective rates against the base currency. Cross rates are crucial for businesses and investors engaged in international trade or investment, especially when dealing with currencies that are not widely traded. They allow parties to calculate exchange rates for currency pairs that may not have direct liquidity in the foreign exchange market. The efficiency of the foreign exchange market ensures that cross rates remain consistent with direct exchange rates after accounting for transaction costs and other factors. Any significant...
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### Compound interest
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/compound-interest/
Definition Compound interest is a concept in finance that refers to the interest earned or charged on both the initial principal amount and the accumulated interest from previous periods. What is compound interest? It is interest calculated on the initial amount of money invested or borrowed, as well as on the interest accumulated over time. This compounding effect can significantly boost savings or debt obligations over time. Compound interest has a snowball effect, where the interest earned or charged in each period is added to the principal, resulting in a larger base for calculating future interest. Over time, this compounding effect accelerates the growth of investments or debts.   Compound interest is a powerful tool for wealth accumulation over the long term. By reinvesting earnings and allowing them to compound over time, investors can achieve significant growth in their investment portfolios. On the other side, compound interest can work against borrowers, causing debts to grow rapidly if left unpaid. Credit cards, mortgages, and other loans with compound interest accrue interest on the outstanding balance, including both the principal and any accrued interest. Failure to make timely payments can lead to a cycle of increasing debt due to the compounding effect. Try our handy compound interest calculator today. Example of compound interest Let's say a company invests $50,000 in a high-yield bond with an annual interest rate of 6%, compounded annually, to finance a new project. In the first year, the company earns 6% interest on its initial investment of $50,000,...
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### Capital expenditure
- Published: 2024-03-22
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/capital-expenditure/
Definition Capital expenditure refers to the funds a company spends to buy, upgrade, or maintain physical assets with the intention of generating future benefits or returns over an extended period.   What is capital expenditure? Capital expenditures are investments made by companies to improve their long-term productive capacity or efficiency. It typically involves significant monetary outlays and is characterised by its long-term impact on the business. These expenditures are generally aimed at enhancing the company's ability to generate revenue, increase efficiency, or expand operations. Types of capital expenditure: Acquisition of fixed assets: This includes purchases of property, plant, and equipment, such as machinery, vehicles, buildings, and land. Capitalised costs: Certain costs associated with the development of long-term assets, such as research and development (R&D) expenses. Improvements and upgrades: Expenditures incurred to improve the efficiency, capacity, or functionality of existing assets. Software and intangible assets: Investments in software licences, patents, trademarks, and other intangible assets are also classified as capital expenditures. Capital expenditures are reflected as assets on the balance sheet and are typically depreciated or amortised over their useful life. While capital expenditures do not directly impact the income statement in the period they are incurred, they affect profitability indirectly through depreciation or amortisation expenses over time. Lastly, capital expenditures are reflected as cash outflows in the investing activities section of the cash flow statement. Furthermore, capital expenditures play a vital role in driving growth, competitiveness, and sustainability for businesses across various industries. They enable companies to modernise infrastructure, adopt...
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### Administrative expenses
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/administrative-expenses/
Definition Administrative expenses refer to the costs incurred by a business in the day-to-day operations and management of its activities.   What are administrative expenses? These expenses are essential for the functioning of the business but do not directly contribute to the production of goods or services. Administrative expenses cover a wide range of costs associated with general management, administration, and support functions within an organisation. Some common examples of administrative expenses include: Salaries and wages: Compensation paid to administrative staff involved in general administration and support functions. Office rent and utilities: Costs associated with leasing office space and utility bills such as electricity, water, and internet services. Office supplies and equipment: Expenses related to office supplies, equipment, and furniture necessary for day-to-day operations. Insurance: Payments made for various types of insurance coverage, including property insurance, liability insurance, and workers' compensation insurance. Depreciation and amortisation: Allocation of the cost of tangible assets (depreciation) and intangible assets (amortisation) used in administrative activities. Training and development: Expenses for employee training programs, professional development seminars, and educational courses. Office maintenance and cleaning: Expenses related to maintenance of office facilities, including janitorial services, repairs, and renovations. Administrative expenses are recorded on the income statement of a company and are deducted from its total revenue to calculate its operating profit. Monitoring and controlling administrative expenses are essential for businesses to maintain profitability, improve efficiency, and allocate resources effectively.   Example of administrative expenses Let's consider a small consulting firm. Some of its administrative expenses for...
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### Accounting rate of return (ARR)
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accounting-rate-of-return/
Definition The accounting rate of return (ARR) is a financial metric used to evaluate the profitability of an investment project or asset by comparing the average accounting profit generated by the investment to the initial investment cost.   What is the accounting rate of return? ARR is often expressed as a percentage and provides insight into the average annual return generated by the investment relative to its initial cost. To calculate the accounting rate of return, the following formula is typically used: ARR = (Average accounting profit / Initial Investment) x 100 ARR is relatively simple to calculate and understand compared to other investment appraisal methods, making it a popular metric for small businesses or projects where complex financial analysis may not be feasible. Keep in mind that ARR does not explicitly consider the time value of money, as it does not discount future cash flows back to their present value. This can be a limitation, especially when comparing investment projects with different cash flow timing. While ARR may not be suitable for comparing investment projects with different durations or cash flow profiles, it can be useful for comparing similar projects or investment alternatives within an organisation. Example of the accounting rate of return Let's say a company invests $50,000 in a new project. Over the next five years, the project generates the following annual accounting profits: Year 1: $10,000 Year 2: $12,000 Year 3: $14,000 Year 4: $16,000 Year 5: $18,000 Calculate the average accounting profit: Average accounting profit...
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### Absolute return
- Published: 2024-03-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/absolute-return/
Definition Absolute return refers to the performance of an investment or portfolio relative to its initial value, without considering any benchmark.   What is absolute return? Absolute return focuses solely on the absolute gains or losses generated by the investment over a specific period. The goal of absolute return investing is to achieve positive returns regardless of market conditions. This approach aims to generate profits consistently, regardless of whether the overall market is rising or falling.   To calculate the absolute return, the following formula can be used: Absolute return (%) = ( (Final value - Initial value) / Initial value) x 100 Absolute return strategies often prioritise capital protection and risk management, seeking to limit downside volatility and protect against significant losses. By focusing on absolute returns, investors aim to achieve steady and predictable growth over time, rather than attempting to outperform a specific benchmark. Absolute return strategies are commonly used by hedge funds, private wealth managers, and institutional investors seeking to diversify their portfolios and reduce overall portfolio risk. However, absolute return strategies can vary widely in terms of risk profile, investment approach, and performance outcomes, making them suitable for investors with different risk tolerances and investment objectives. Example of absolute return Let's say an investor invested $10,000 in a stock at the beginning of the year. At the end of the year, the investment is now worth $12,000. To calculate the absolute return: Absolute Return (%) = ( (12,000 - 10,000) / 10,000) x 100 = 20%...
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### Gross income
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/gross-income/
Definition Gross income refers to the total revenue generated by a company from its primary business activities before deducting any expenses. What is gross income? Gross income represents the amount of money earned from sales of goods or services without accounting for any costs associated with producing or delivering those goods or services. Gross income is calculated by subtracting the cost of goods sold (COGS) from the total revenue.   Gross Income = Total revenue - Cost of goods sold (COGS) It serves as a key performance indicator (KPI) for evaluating the efficiency and profitability of a company's operations. It provides insights into the company's ability to generate revenue and covers the basic costs of production. While gross income represents the revenue generated by a company, it does not reflect its overall profitability. To determine profitability, additional expenses such as operating expenses, interest, taxes, and depreciation must be deducted from gross income to calculate net income. Gross income is crucial for budgeting and financial planning purposes. It helps companies forecast future revenue streams, set sales targets, and allocate resources effectively to maximise profitability. Example of gross income Company ABC, a retail clothing store, generates $1,000,000 in revenue from sales of clothing items over the course of a year. To acquire these clothing items for sale, Company ABC incurs $600,000 in costs. Now we can calculate Company ABC's gross income: Gross income = $1,000,000 - $600,000 = $400,000 So, Company ABC's gross income for the year is $400,000. This represents the...
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### Earnings before tax (EBT)
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/earnings-before-tax/
Definition Earnings before tax (EBT), also known as pre-tax income or profit before tax, is a financial metric used to assess a company's profitability before accounting for taxes. What is earnings before tax? Earnings before tax represents the amount of money a company earns from its core operations before deducting taxes and other non-operating expenses. Earnings before tax is calculated using the formula:  Earnings before tax = Total revenue - Operating expenses EBT is a key measure of a company's operating performance because it reflects its ability to generate profits from its core business activities, independent of tax considerations. Furthermore, it allows for comparisons of profitability between companies in different tax jurisdictions or with varying tax structures. EBT is a key component in financial analysis and is often used in various financial ratios and metrics. For example, it serves as the starting point for calculating earnings per share (EPS), return on assets (ROA), return on equity (ROE), and other profitability ratios. For investors, EBT provides valuable insights into a company's financial health and its ability to generate profits from core operations. A consistent and growing EBT over time indicates a healthy and sustainable business model. Example of earnings before tax Company XYZ generated $1 million in revenue last year. They incurred $600,000 in operating expenses. Their earnings before tax (EBT) can now be calculated: EBT = $1,000,000 - $600,000 = 400,000 So, Company XYZ's earnings before tax for the year was $400,000. This figure represents the profit generated by the...
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### Market validation
- Published: 2024-03-19
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-validation/
Definition Market validation is a key process in business development and entrepreneurship aimed at confirming the potential and demand for a product or service within a specific market.   What is market validation? Market validation involves gathering evidence and feedback from potential customers, industry experts, and stakeholders to assess whether there is a need for the offering and whether customers are willing to pay for it at a profitable price point. Comprehensive market validation typically includes several key components: Identifying target market: This involves defining the specific segment of customers who are likely to benefit from the product or service.   Problem-solution fit: Market validation seeks to validate whether the product or service addresses a real problem or fulfils a need in the market.   Assessing market size and opportunity: Evaluating the size and growth potential of the target market is crucial for determining the scalability and long-term viability of the business. Prototype testing and iteration: Building a prototype or minimum viable product (MVP) allows entrepreneurs to gather early feedback from users and iterate on the product based on their insights. Pricing strategy: Market validation involves testing different pricing models and price points to determine the optimal pricing strategy that maximises profitability while remaining competitive in the market. Validation metrics: Establishing key performance indicators (KPIs) and validation metrics helps track the success of the market validation efforts. Example of market validation Imagine a software startup that is developing a new task management application for freelancers. Before investing further resources into...
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### Serviceable obtainable market (SOM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/serviceable-obtainable-market/
Definition Serviceable obtainable market is a concept in business strategy and market analysis, which refers specifically to the portion of the SAM that a company can actually capture. What is a serviceable obtainable market? SOM represents the subset of the serviceable available market (SAM) that a company can effectively capture and convert into revenue. It reflects the achievable market share within the target market segments. SOM analysis requires the segmentation of the market into relevant and distinct segments. However, SOM focuses on identifying and prioritising segments where the company can gain a competitive advantage and achieve market share. Calculating SOM involves evaluating the company's competitive position, market penetration strategies, and market share objectives within the target segments. It requires an assessment of the company's strengths and weaknesses relative to competitors and an understanding of customer needs and preferences. Understanding SOM informs resource allocation decisions. By focusing resources on segments with the greatest potential for market share gains, companies can optimise their efforts and maximise returns on investment. SOM analysis provides a basis for revenue forecasting by estimating the company's potential revenue within the target market segments. By projecting market share gains over time, companies can set realistic revenue targets and track progress towards achieving them. Example of a serviceable obtainable market Let's consider an example of SOM for a company that produces premium coffee targeting coffee enthusiasts in a specific city. Through market research, the company estimates there are approximately 50,000 coffee enthusiasts in the city. However, considering factors such...
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### Serviceable available market (SAM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/serviceable-addressable-market/
Definition A serviceable available market is a concept in business strategy and market analysis, closely related to total available market (TAM). SAM focuses on the portion of the market that a company can realistically target and serve with its products or services. What is a serviceable available market? SAM refers to the portion of the total addressable market (TAM) that a company can effectively reach and serve with its products or services. It represents the subset of potential customers within a market segment that the company can realistically target given its resources, capabilities, and market positioning. SAM analysis requires careful segmentation of the market into relevant segments. However, SAM focuses on identifying and prioritising segments that align with the company's strategic objectives, capabilities, and competitive advantages. Calculating SAM involves narrowing down the TAM to the specific segments that the company intends to target. SAM estimation may also consider factors such as distribution channels, regulatory constraints, and competitive landscape. This analysis helps companies identify the most attractive market segments to focus their resources and efforts on. Furthermore, it guides resource allocation decisions and by focusing resources on segments with the greatest revenue potential and alignment with the company's strengths, companies can optimise their market penetration efforts. While SAM represents the immediate market opportunity, it also serves as a foundation for identifying future growth opportunities, as companies can gradually expand their reach to similar segments or new geographic markets. Example of a serviceable available market Let's consider an example of SAM for...
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### Total addressable market (TAM)
- Published: 2024-03-15
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/total-addressable-market/
Definition A total addressable market is a concept in business strategy and market analysis. It refers to the overall revenue opportunity available for a product or service within a defined market.   What is a total addressable market? TAM represents the total revenue opportunity available in a specific market segment. It reflects the maximum potential revenue that could be generated if a company achieved 100% market share within that segment. Segmentation can be based on factors such as demographics, geographic location, industry verticals, or customer behaviour. Calculating TAM involves multiplying the number of potential customers within a market segment by the average revenue that each customer is expected to generate. This can be done using various approaches, including top-down analysis, bottom-up analysis, and value-based analysis. Top-down analysis: In top-down analysis, TAM is estimated by considering the overall market size and then narrowing it down to the specific segment of interest. Bottom-up analysis: Bottom-up analysis involves estimating TAM by aggregating the revenue potential of individual market segments. Value-based analysis: Value-based analysis focuses on the economic value that a product or service delivers to customers.   While TAM provides valuable insights, it's important to recognise its limitations. TAM represents the theoretical maximum market opportunity and may not account for factors such as competition, market dynamics, or economic conditions. Example of a total addressable market Let's consider an example of TAM for a company that produces electric scooters targeting urban commuters in a particular city. Market segmentation: The company segments the market based...
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### Credit union
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/credit-union/
Definition A credit union is a financial cooperative owned and operated by its members, who are typically individuals with a common bond.   What is a credit union? Unlike traditional banks, which are owned by shareholders and operated for profit, credit unions are nonprofit organisations that exist to serve their members' financial needs. Credit unions are membership-based organisations, and individuals must meet eligibility requirements to join. Common membership criteria include residing in a specific geographic area, working for a certain employer, belonging to a particular industry or profession, or being a member of an affiliated organisation or association. Members of a credit union are also its owners. Each member has equal voting rights regardless of the amount of money they have deposited or invested in the credit union.   Credit unions operate on a not-for-profit basis, meaning that any profit generated is returned to members in the form of dividends, lower interest rates on loans, higher interest rates on savings accounts, and improved services. Unlike banks, credit unions do not have shareholders expecting dividends or capital gains. Credit unions offer a range of financial products and services similar to those provided by banks, including savings accounts, checking accounts, certificates of deposit (CDs), loans , credit cards, and online banking services. Some credit unions may also offer additional services such as insurance, investment products, and financial counselling. Example of a credit union Sarah is looking for a place to deposit her savings and obtain a loan for a car. She decides...
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### Book-to-market ratio
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/book-to-market-ratio/
Definition The book-to-market (B/M) ratio is a financial metric used to evaluate the relative valuation of a company's stock by comparing its book value to its market value.   What is a book-to-market ratio? The book-to-market ratio provides insight into the valuation of a company's stock relative to its accounting value. A high book-to-market ratio suggests that the company's stock is relatively undervalued by the market compared to its book value, while a low ratio indicates that the stock may be overvalued. The book-to-market ratio is calculated by dividing a company's book value per share by its market value per share. The formula is as follows: B/M ratio = Book value per share / Market value per share The book value per share is typically derived from the company's balance sheet by dividing its total shareholders' equity by the number of outstanding shares. The market value per share is obtained by multiplying the current market price per share by the number of outstanding shares. While the book-to-market ratio provides valuable insights into a company's valuation, it has some limitations. For example, it does not take into account future earnings potential, growth prospects, or qualitative factors that may impact a company's stock price. Example of a book-to-market ratio Let's consider a company, ABC Inc. , which has the following financial information: Book value per share: $20 Market value per share: $30 To calculate the book-to-market ratio for ABC Inc. , we use the formula from above: B/M ratio = $20 /...
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### Benefit-cost ratio (BCR)
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/benefit-cost-ratio/
Definition The benefit-cost ratio (BCR) is a financial metric used to evaluate the profitability or viability of an investment or project by comparing the benefits gained from the project to its costs.   What is a benefit-cost ratio? The benefit-cost ratio is commonly used as a decision-making tool in project evaluation and investment analysis. However, other factors such as risk, uncertainty, strategic alignment, and qualitative considerations should also be taken into account when making investment decisions. The formula for calculating the benefit-cost ratio is: BCR = Total present value of benefits / Total present value of costs A benefit-cost ratio greater than 1 indicates that the present value of benefits exceeds the present value of costs, suggesting that the project is potentially economically viable or profitable. A BCR of exactly 1 implies that the project's benefits equal its costs, while a BCR less than 1 indicates that the costs outweigh the benefits, suggesting that the project may not be economically feasible or advisable. The ratio takes into account the time value of money by discounting both the benefits and costs to their present values. This adjustment reflects the principle that a dollar received or spent in the future is worth less than a dollar received or spent today. While the benefit-cost ratio provides valuable insights into the economic viability of projects, it has some limitations. For example, it may not fully capture non-monetary factors such as intangible benefits, social impacts, and environmental considerations. Additionally, the accuracy of BCR calculations depends...
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### Bankruptcy
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/bankruptcy/
Definition Bankruptcy is a legal process that individuals and businesses can use to obtain relief from overwhelming debt burdens when they are unable to repay their creditors.   What is bankruptcy? Bankruptcy involves filing a request in a bankruptcy court, where a judge oversees the process and resolves the debtor's financial issues. Bankruptcy laws vary by country, but they generally aim to provide a fair and orderly process for debtors to address their financial difficulties while protecting the rights of creditors. One of the primary goals of bankruptcy is to provide debtors with a fresh start by discharging eligible debts. Bankruptcy laws provide exemptions that protect certain assets from being seized and sold to repay creditors. Exempt assets may include a primary residence, vehicle, household goods, retirement accounts, and personal belongings. Bankruptcy laws often require debtors to undergo credit counselling before filing for bankruptcy and complete financial management courses after filing. These requirements aim to educate debtors about budgeting, financial management, and responsible credit use to prevent future financial difficulties. Furthermore, bankruptcy can have a significant impact on a debtor's creditworthiness and ability to obtain credit in the future. A bankruptcy filing typically remains on a debtor's credit report for several years, potentially affecting their ability to qualify for loans, credit cards, and favourable interest rates. Example of bankruptcy John, a small business owner, has been struggling financially due to declining sales and mounting debts. Despite his efforts to cut costs and increase revenue, he finds himself unable to keep...
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### Artificial intelligence (AI)
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/artificial-intelligence/
Definition Artificial intelligence (AI) refers to the simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence.   What is artificial intelligence? AI includes a broad range of techniques, algorithms, and technologies aimed at replicating or augmenting human cognitive abilities. There are various subfields within AI, including: Machine learning: Machine learning involves the development of algorithms that enable computers to learn from data and make predictions or decisions without being explicitly programmed.   Natural language processing (NLP): NLP focuses on enabling computers to understand, interpret, and generate human language. Computer vision: Computer vision involves developing algorithms that allow computers to interpret and understand visual information from images or videos. Robotics: Robotics combines AI with mechanical engineering to create intelligent machines capable of performing physical tasks. Expert systems: Expert systems are AI systems that imitate the decision-making ability of a human expert in a specific domain.   AI technologies are increasingly being integrated into various sectors and industries. They are driving innovation, automation, and efficiency, transforming how businesses operate and how people live and work. While AI offers numerous benefits it also raises ethical, social, and economic concerns. Issues such as job displacement, bias in algorithms, data privacy, and the impact on society require careful consideration and regulation as AI continues to advance. Example of artificial intelligence  A virtual assistant, such as Amazon's Alexa or Apple's Siri, uses artificial intelligence to understand and respond to voice commands or queries from users. When a user asks...
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### Acceleration clause
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/acceleration-clause/
Definition An acceleration clause allows the lender or creditor to demand immediate repayment of the entire outstanding balance or take other specified actions if the borrower fails to meet certain obligations outlined in the agreement.   What is an acceleration clause? An acceleration clause grants the lender the right to accelerate the repayment schedule, making all remaining payments due immediately. The primary purpose of an acceleration clause is to protect the lender's interests by providing a mechanism to address borrower default or breaches of contract. By accelerating the repayment schedule, the lender can reduce potential losses and take timely action to recover funds or collateral. Acceleration clauses typically specify the circumstances or events that trigger the acceleration of the loan or contract. Common triggering events may include: Default on loan payments: Failure to make timely payments of principal or interest as required by the loan agreement. Breach of covenants: Violation of specific terms, conditions, or covenants outlined in the agreement. Bankruptcy or insolvency: Filing for bankruptcy or insolvency proceedings by the borrower, which may jeopardise the lender's ability to recover the outstanding debt. Material adverse change: Significant adverse changes in the borrower's financial condition, creditworthiness, or ability to repay the debt. Acceleration clauses pose significant risks for borrowers, as they can result in immediate repayment obligations or negative consequences in the event of default. Borrowers should carefully review and understand the terms of any loan agreement or contract containing acceleration provisions before signing to reduce potential risks and liabilities. Example...
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### Accelerated depreciation
- Published: 2024-02-28
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/accelerated-depreciation/
Definition Accelerated depreciation is a method used in accounting to allocate the cost of a tangible asset over its useful life in a way that allows for larger deductions in the earlier years of the asset's life compared to the straight-line method of depreciation.   What is accelerated depreciation? The primary purpose of accelerated depreciation is to match the expenses associated with the use of an asset with the revenue it generates over its useful life more accurately. By front-loading depreciation deductions, businesses can reduce their taxable income and tax liabilities in the earlier years of an asset's life, providing cash flow benefits and improving financial performance. There are different methods of accelerated depreciation, including: Double-declining balance (DDB): Under this method, depreciation expense is calculated by applying a fixed rate to the asset's book value at the beginning of each period. The depreciation expense decreases over time as the asset's book value declines. Sum-of-the-years'-digits (SYD): This method assigns a decreasing fraction to each year of the asset's useful life, with the total of the fractions equal to the sum of the digits of the asset's useful life. Businesses often use accelerated depreciation for assets that are expected to generate higher returns or become outdated more quickly, such as technology or equipment. However, businesses should consider the impact of accelerated depreciation on financial statements, tax liabilities, and cash flow before selecting a depreciation method. Example of accelerated depreciation Let's say a company purchases a piece of machinery for $100,000 with an...
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### Software as a service (SaaS)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/software-as-a-service/
Definition Software as a service (SaaS) is a cloud-based software distribution model in which applications are hosted by a third-party provider and made available to customers over the internet.   What is software as a service? SaaS is a type of cloud computing service that allows users to access and use software applications hosted on remote servers, eliminating the need for local installation and maintenance. Users access the software via the internet, usually through a web browser, from any device with an internet connection. Some of the key characteristics in SaaS are: Subscription-based pricing: SaaS applications are typically offered on a subscription basis, where customers pay a recurring fee for access to the software.   Centralised hosting: SaaS applications are hosted on remote servers maintained by the service provider. This centralized hosting model allows for easy accessibility and ensures that users always have access to the latest version of the software. Automatic updates and maintenance: Service providers are responsible for maintaining and updating the software. Users benefit from seamless updates without the need for manual intervention. Scalability and flexibility: SaaS solutions are designed to scale with the needs of the user, allowing for easy expansion or reduction of resources and features as required.   One of the advantages included in SaaS is that it eliminates the need for upfront hardware and software investments, reducing capital expenditures. Users pay only for what they use on a subscription basis, resulting in predictable and manageable costs. Additionally, SaaS solutions can easily scale up...
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### Small and medium enterprise (SME)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/small-and-medium-enterprise/
Definition Small and medium enterprise (SME) refers to businesses that typically have a relatively small number of employees and generate modest levels of revenue compared to larger corporations.   What is a small and medium enterprise? SMEs are characterised by their smaller scale compared to large corporations. The exact criteria defining an SME can vary, but parameters such as the number of employees, annual revenue, or balance sheet total are often used to categorise businesses as small or medium-sized. Furthermore, SMEs are typically independently owned and operated. They may be sole proprietorships, partnerships, or privately owned companies. This independence allows SMEs to be more flexible in their operations compared to larger, more bureaucratic organisations. SMEs play a crucial role in driving economic growth and development. They contribute to job creation, innovation, and competition in various sectors. In many economies, SMEs are considered the backbone of the economy, as they make up a significant portion of total businesses and employment. A downside for SMEs are that they may face challenges in accessing resources such as capital, skilled labor, and technology, particularly in their early stages of development. However, advancements in technology and changes in business models have facilitated greater access to resources for SMEs. Example of a small and medium enterprise A small enterprise might be a local bakery owned by a family, employing a handful of staff, and generating revenue primarily from local customers. It could have a modest storefront, a small production area, and annual revenues of around $500,000....
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### Service-level agreement (SLA)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/service-level-agreement/
Definition A service-level agreement (SLA) is a formal contract or agreement between a service provider and its customer that outlines the level of service that the provider is obligated to deliver.   What is a service-level agreement? A service-level agreement serves as a documented commitment to the quality and performance standards expected from the service provider and defines the rights, responsibilities, and expectations of both parties. The agreement will outline specific measurable objectives that define the desired performance levels for the services, such as uptime, response time, resolution time, availability, and reliability. Additionally it will include quantifiable metrics used to assess and monitor the performance of the services, which may include key performance indicators (KPIs), benchmarks, and targets. Furthermore, a clear definition of the roles and responsibilities of both the service provider and the customer will be outlined. This includes any third-party vendors or stakeholders involved in service delivery. The agreement will also define service availability, scheduled maintenance windows, and acceptable downtime thresholds, along with procedures for handling service disruptions and outages. Terms and conditions related to contract termination, renewal, modification, or renegotiation, including notice periods, termination clauses, and renewal options are also always included in a service-level agreement. SLAs are commonly used in various industries to formalise service agreements and establish clear expectations. By defining service levels, performance standards, and accountability measures upfront, SLAs help ensure customer satisfaction, reduce risks, and maintain the quality and reliability of services delivered. Example of a service-level agreement Here's a short example of...
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### Search engine optimisation (SEO)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/search-engine-optimisation/
Definition Search engine optimisation (SEO) is a digital marketing strategy aimed at improving a website's visibility and ranking on search engine results pages for relevant keywords and phrases. What is search engine optimisation? SEO involves optimising various aspects of a website and its content to align with the algorithms used by search engines to determine the relevance and authority of web pages. Some key components of SEO include: Keyword research: Identifying and targeting the most relevant keywords and search queries that potential visitors use to find products, services, or information. On-page optimisation: Optimising various elements within individual web pages to make them more search engine-friendly. This includes optimising meta tags, headings, URL structure, and content optimisation. Technical SEO: Addressing technical aspects of a website to improve its crawlability, indexability, and overall performance in search engines.   Content creation and marketing: Producing high-quality, relevant, and engaging content that satisfies user intent and provides value to the target audience. Link building: Getting high-quality backlinks from authoritative and relevant websites to improve a site's authority, credibility, and search engine rankings. Monitoring and analytics: Tracking and analysing website performance, keyword rankings, traffic sources, user behaviour, and other key metrics using tools.   Example of search engine optimisation Imagine a small local bakery, "Sunrise Bakery," located in a bustling city. The bakery wants to increase its online visibility and attract more customers to its website. They decide to implement some basic SEO tactics to improve their search engine rankings and drive more organic traffic. Sunrise...
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### Revenue
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/revenue/
Definition Revenue refers to the total amount of money earned by a company from its normal business activities over a specific period.   What is revenue? Revenue, also known as "sales" or "income," represents the top line of a company's income statement and is calculated by multiplying the quantity of goods sold or services sold by their respective selling prices. It does not include any deductions for costs or expenses associated with producing or delivering the goods or services. Revenue is typically recorded on an accrual basis, meaning it is recognised when goods are delivered, regardless of when payment is received. Revenue can also be measured on a cash basis, where it is recognised only when cash is received from customers. Types of revenue: Operating revenue: This is the revenue generated from a company's primary business activities, such as selling products or providing services. Non-operating revenue: This includes income generated from sources other than the company's core business operations, such as interest income, dividends, or gains from the sale of assets. Components of revenue: Product sales: Revenue generated from the sale of tangible goods produced or purchased by the company. Service revenue: Revenue generated from providing services to customers, such as consulting, maintenance, or subscription-based services. Other revenue streams: This may include licensing fees, royalties, rental income, advertising revenue, or any other sources of income not directly related to product sales. Revenue is a key indicator of a company's financial health and performance. Higher revenue typically signifies growth and success...
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### Quote
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quote/
Definition A quote serves as an official offer outlining the terms and conditions under which the seller is willing to supply the requested products or services. What is quote? A quote outlines the proposed price, terms, specifications, and other relevant details for the products or services being offered. Quotes are typically issued in response to a customer's request for pricing information and serve as a key step in the sales process. Contents of a quote: Price: The quote includes the total cost of the products or services being offered, broken down into individual line items if necessary. Terms and conditions: The quote outlines the terms of the proposed transaction, including payment terms, delivery or service timelines, warranties, guarantees, and any applicable taxes or fees. Specifications: For product quotes, detailed specifications or descriptions of the goods being offered are provided. For service quotes, it may include a description of the services to be performed, deliverables, and project milestones. Validity period: Quotes often have an expiration date or validity period, indicating the timeframe within which the customer can accept the offer at the specified price and terms. Contact information: The quote includes the seller's contact information, including name, address, phone number, email, and any relevant business details. The primary purpose of a business quote is to provide potential customers with detailed information about the products or services offered by a business and the associated costs. They are typically issued in response to customer inquiries, requests for proposals, or formal bidding processes.  ...
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### Quarter to date (QTD)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quarter-to-date/
Definition Quarter to date (QTD) refers to the period starting from the beginning of the current quarter up to the current date.   What is quarter to date? QTD allows businesses to monitor their performance and compare it to previous quarters or targets. It provides a snapshot of how well the company is performing within the current quarter, helping to identify areas of strength and weakness. Understanding QTD allows businesses to assess their performance and progress within the ongoing quarter. It provides valuable insights into trends, patterns, and fluctuations in key metrics over time, enabling companies to make informed decisions, adjust strategies, and manage resources effectively. By analysing QTD data, businesses can make timely and informed decisions to optimise operations, allocate resources efficiently, and address any challenges or opportunities that arise during the quarter. The data can also be compared to previous quarters or the same period in previous years to assess growth, trends, and seasonality. This comparative analysis helps businesses identify long-term patterns and make strategic decisions accordingly. QTD figures are often included in financial reports and presentations to stakeholders, investors, and management. They provide a clear overview of the company's financial health and progress during the quarter. Example of quarter to date Let’s say today's date is February 21st, and we're in the first quarter of the year (Q1). XYZ Corporation began tracking its sales from January 1st. As of February 21st, the quarter to date sales figures for XYZ Corporation are as follows: January sales: $500,000 February...
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### Quarter over quarter (QoQ)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/quarter-over-quarter/
Definition Quarter over quarter (QoQ) is a financial metric used to analyse changes in a company's performance or a particular variable over successive quarters, typically within a fiscal year. What is quarter over quarter? Quarter over quarter provides insights into the growth or decline within a relatively short timeframe. In QoQ analysis, data from one quarter is compared to the data from the previous quarter. This comparison helps stakeholders to assess the changes in key business indicators, including revenue, earnings, expenses and other operational metrics. The formula to calculate QoQ change is: QoQ % change = ( (Current quarter − Previous quarter) / Previous quarter) x 100 A positive QoQ percentage indicates growth or improvement, while a negative percentage indicates decline. Analysing QoQ trends helps stakeholders understand the pace of change in a company's performance, identify seasonal patterns, assess the effectiveness of strategic initiatives, and make informed decisions regarding investments, resource allocation, and business planning. It's important to note that while QoQ analysis provides valuable insights into short-term trends, it should be complemented with other financial and operational metrics for a comprehensive understanding of a company's overall performance and prospects.   Example of quarter over quarter Let's say a company measures its revenue growth on a quarterly basis. In quarter 1 (Q1) of the year, the company earns $1 million in revenue. In quarter 2 (Q2), the company's revenue increases to $1. 2 million. Now we can calculate the change in revenue from Q1 to Q2: QoQ revenue growth =...
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### Public relations (PR)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/public-relations/
Definition Public relations (PR) is the strategic practice of managing communication between an organisation and its various stakeholders, including the public, media, investors, customers, employees, and government entities.   What is public relations? The primary goal of PR is to build and maintain a positive reputation for the organisation, enhance its credibility and trustworthiness, and foster mutually beneficial relationships with its target audiences. PR professionals listen to stakeholders' concerns, gather feedback, and engage in two-way communication to build trust and goodwill. PR professionals engage with journalists, editors, and other media professionals to generate positive media coverage for their organisation. They pitch story ideas, arrange interviews, and distribute press releases to convey key messages and news updates to the media and the public. They develop compelling content, such as press releases, articles, blog posts, social media posts, and multimedia materials, to communicate the organisation's messages effectively.   In times of crisis, PR professionals play a key role in managing the organisation's response, providing timely and transparent communication, and reduce reputational damage. They develop crisis communication plans, coordinate with internal and external stakeholders, and monitor public sentiment to address issues swiftly and effectively. Lastly, PR professionals promote the organisation's CSR initiatives, such as sustainability efforts, philanthropy, and community engagement, to demonstrate its commitment to social and environmental responsibility. CSR activities contribute to building a positive corporate image and strengthening stakeholder relationships. Example of public relations Let's say a new tech startup has just launched a revolutionary app that helps people manage their...
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### Platform as a service (PaaS)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/platform-as-a-service/
Definition Platform as a service (PaaS) is a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the underlying infrastructure.   What is platform as a service? PaaS offers a complete development and deployment environment in the cloud, including tools, libraries, middleware, databases, and runtime environments, enabling developers to focus on building and delivering applications rather than managing hardware and software infrastructure. PaaS platforms are designed to scale automatically to handle fluctuations in application demand. They offer features such as auto-scaling, load balancing, and elastic storage to ensure that applications can scale up or down seamlessly in response to changing workload requirements.   PaaS platforms typically support multi-tenancy, allowing multiple users or organisations to share the same underlying infrastructure and resources while maintaining isolation and security. Additionally, PaaS platforms support various deployment models, including public, private, and hybrid clouds, as well as on-premises environments. This flexibility allows organisations to choose the deployment model that best meets their requirements for security, compliance, performance, and data sovereignty. A pay-as-you-go pricing model are typically used by PaaS platforms, where customers pay only for the resources and services they consume on a usage basis. This allows organisations to align their costs with actual usage and avoid upfront capital investments in infrastructure. Example of platform as a service Imagine a software development company, "Tech Solutions Inc. ," that is building a new web application. Instead of setting up and managing their own...
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### Pay per click (PPC)
- Published: 2024-02-21
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/pay-per-click/
Definition Pay per click (PPC) is an online advertising model in which advertisers pay a fee each time their ad is clicked by a user.   What is pay per click? Pay per click is a method of buying visits to a website rather than earning those visits organically through search engine optimisation (SEO) or other forms of digital marketing. PPC is commonly used in search engine advertising, social media advertising, and display advertising to drive traffic to websites and generate leads or sales. PPC ads are typically displayed on search engine results pages (SERPs), social media platforms, websites, and other digital channels where users are likely to encounter them. Advertisers select relevant keywords related to their products or services and bid on them to have their ads displayed when users search for those keywords. With PPC advertising, advertisers only pay when their ads are clicked by users, hence the name "pay per click. " The cost per click (CPC) is determined by the bidding process and can vary based on factors such as keyword competitiveness, ad relevance, and ad position. PPC offers several benefits for advertisers, including immediate visibility and traffic generation, precise targeting options, measurable results, and the ability to control ad spend and budgets in real-time. It is a highly scalable and cost-effective advertising channel for businesses of all sizes and industries. Example of pay per click Let's say you own a small online shoe store and want to increase traffic to your website. You decide to...
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### Pay as you earn (PAYE)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/pay-as-you-earn/
Definition Pay as you earn (PAYE) is a system of income tax withholding used by employers to deduct tax from employees' wages or salaries in real-time, as they are earned.   What is pay as you earn? Pay as you earn is a common method of collecting income tax in many countries and it ensures that individuals pay their taxes throughout the year, rather than in a lump sum at the end of the tax year, making it easier to manage their tax obligations. Under the PAYE system, employers are responsible for deducting income tax from employees' paychecks based on their earnings and tax code. These deductions are then remitted to the tax authority on behalf of the employee. Employers are required to report PAYE deductions to the tax authority in real-time, usually on or before each payday. This ensures that tax payments are accurately recorded and reconciled with employees' earnings, providing transparency and accountability in the tax collection process. Employers have several responsibilities under the PAYE system, including registering with the tax authority as an employer, deducting and paying taxes from employees' pay, providing employees with pay statements detailing their earnings and deductions, and submitting payroll reports to the tax authority. PAYE provides employees with the convenience of having their taxes deducted automatically from their paychecks, eliminating the need to make separate tax payments or calculate tax liabilities. It also facilitates budgeting and financial planning by spreading tax payments evenly throughout the year. Example of pay as you earn...
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### On-demand computing (ODC)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/on-demand-computing/
Definition On-demand computing (ODC), also known as utility computing or pay-as-you-go computing, is a cloud computing model in which computing resources are provided and accessed dynamically over the internet on an as-needed basis. What is on-demand computing? On-demand computing allows organisations to access and use computing resources quickly and efficiently without the need for significant upfront investment in hardware or infrastructure. Resources are allocated dynamically based on demand, allowing users to scale up or down to meet changing workload requirements. On-demand computing follows a pay-as-you-go pricing model, where users are billed based on their actual usage of computing resources. This eliminates the need for upfront capital investment in hardware or long-term contracts and provides cost transparency and predictability for organisations. Furthermore, on-demand computing leverages the internet to deliver computing resources to users anywhere in the world with an internet connection. This enables organisations to access and use computing resources from multiple geographic locations, improving accessibility, collaboration, and scalability. Lastly, on-demand computing providers often offer a wide range of managed services, including infrastructure management, security, compliance, monitoring, and support. These services help organisations offload operational tasks, reduce complexity, and focus on core business activities. Example of on-demand computing Let's say a small software development startup, "Tech Innovations Inc. ," needs computing resources to deploy and test their new application. Instead of purchasing and maintaining physical servers, they decide to use on-demand computing services from a cloud provider. Using on-demand computing, Tech Innovations Inc. can quickly provide virtual servers, storage, and networking...
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### Net foreign income
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/net-foreign-income/
Definition Net foreign income refers to the total income earned by a country's residents from foreign sources, minus the income earned by foreign residents within that country. What is net foreign income? Net foreign income is a measure of the net flow of income between a country and the rest of the world, reflecting the earnings from international trade, investment, and other economic activities. Net foreign income consists of various components, including: Exports and imports: Income earned from exporting goods and services to foreign countries and income paid for importing goods and services from foreign countries. Foreign investment: Income earned from foreign direct investment, portfolio investment, and other financial transactions with foreign organisations. Remittances: Income received from foreign workers sending money back to their home country (remittances) and income paid to foreign workers within the country. Interest, dividends, and royalties: Income earned from interest on foreign loans, dividends from foreign investments, and royalties from the use of intellectual property rights abroad. The formula for calculating net foreign income is: Net Foreign Income = Total income from foreign sources − Income earned by foreign residents Net foreign income is an important indicator of a country's economic relationship with the rest of the world. A positive net foreign income indicates that a country is earning more from its international activities than it is paying out. Conversely, a negative net foreign income suggests that a country is paying out more income to foreign organisations than it is earning. Example of net foreign income...
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### Month to date (MTD)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/month-to-date/
Definition Month to date (MTD) is a financial metric used to track and analyse the performance of a particular measure or variable from the beginning of the current month up to the present date. What is month to date? Month to date provides insight into how a certain metric has performed within the current month relative to previous months or specific targets. MTD measures the performance of a metric, such as revenue, expenses, sales, or other key performance indicators (KPIs), from the first day of the current month up to the present date. It is typically calculated on a daily basis and provides a real-time snapshot of performance throughout the month. MTD is calculated by summing up the values of the metric from the first day of the month to the current date. For example, to calculate MTD revenue, you would add up the daily revenue figures from the first day of the month to the present day. Furthermore, MTD serves as a tool for monitoring progress towards monthly goals, objectives, or budgets. It enables businesses to track their performance in real-time and take corrective actions if performance deviates from expectations. MTD can be applied to various metrics and performance indicators across different industries and sectors, making it a handy and widely used tool for performance tracking and analysis. Example of month to date ABC Corporation is tracking its sales performance for the current month, which is January. Today's date is January 15th. To calculate the month to date sales,...
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### Month over month (MoM)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/month-over-month/
Definition Month over month (MoM) is a financial metric used to compare the performance of a particular variable or indicator between two consecutive months. What is month over month? Month over month is commonly employed in business and finance to analyse trends, identify patterns, and monitor changes over time. MoM compares data from one month to the previous month and analyses can be applied to various types of data, including revenues, expenses, profits, sales volume, customer acquisition, website traffic, and other key performance indicators (KPIs). The primary measure used in MoM analysis is the percentage change between the two months. This is calculated using the formula: MoM % change = ( (Current month value − Previous month value) / Previous month value) x 100% A positive MoM percentage change indicates growth or improvement, while a negative MoM percentage change indicates a decline or deterioration. It's important to consider seasonal factors and cyclical patterns when interpreting MoM changes, as certain months may exhibit consistent seasonal variations due to factors such as holidays, weather, or industry-specific trends. Example of month over month ABC Retail Corporation analyses its monthly sales data for the first quarter of the year. They observe the following sales figures for January and February: January sales: $100,000 February sales: $120,000 To calculate the MoM percentage change in sales from January to February: MoM % change = ( (February sales - January sales) / January sales) x 100% MoM % change = ( ($120,000 - $100,000) / $100,000) x 100%...
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### Monthly recurring revenue (MRR)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/monthly-recurring-revenue/
Definition Monthly recurring revenue (MRR) is a key metric used by businesses, particularly in subscription-based models, to measure the predictable and recurring revenue generated from subscription services or products on a monthly basis.   What is monthly recurring revenue? MRR is based on the recurring billing cycle for subscription services, which is usually monthly, although it can vary depending on the subscription model. Each month, customers are billed for their subscription, resulting in a predictable stream of revenue for the business. It provides insight into the stability and growth path of a company's revenue stream, making it a valuable indicator for financial planning, performance evaluation, and investor analysis. MRR is affected by customer churn (cancellation of subscriptions) and expansion (upgrades or add-ons to existing subscriptions). Churn reduces MRR, while expansion increases MRR. Net MRR provides a more accurate measure of revenue growth. To calculate MRR you sum up the monthly subscription fees from all active customers. This includes revenue generated from both new and existing customers, excluding one-time fees, discounts, and non-recurring revenue. Monitoring MRR growth over time is crucial for assessing the health and performance of a subscription-based business. Positive MRR growth indicates increasing revenue, while negative MRR growth suggests declining revenue. Example of monthly recurring revenue ABC Software Company offers a subscription-based project management tool. They have three subscription plans: Basic, Pro, and Premium, priced at $10, $25, and $50 per month respectively. At the beginning of the month, ABC Software has the following number of active subscribers...
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### Market value
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/market-value/
Definition Market value, also known as fair market value, refers to the current price at which an asset, security, or goods can be bought or sold in a competitive market. What is market value? Market value represents the price that a willing buyer and a willing seller would agree upon in an open and unrestricted transaction, assuming both parties have reasonable knowledge of the asset's characteristics and current market conditions. In financial markets, market value is commonly used to assess the worth of various types of assets, including stocks, bonds, real estate properties, goods, and derivatives. It serves as a key metric for investors, analysts, and policymakers to make informed decisions regarding investment strategies, asset allocation, and risk management. Market value can fluctuate over time in response to changing market conditions, investor perceptions, and external factors. It is not static and can vary from one moment to the next. Additionally, market value allows for comparisons between different assets or investments within the same market or asset class. Investors can assess the relative attractiveness of various opportunities based on their market values. It's important to note that market value may not always accurately reflect the core value of an asset, especially in cases of market inefficiency. Example of market value ABC Corporation, a manufacturing company, is considering buying a competitor, XYZ Inc. As part of the due diligence process, ABC Corporation assesses the market value of XYZ Inc. To determine the market value of XYZ Inc. , ABC Corporation analyses various...
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### Infrastructure as a service (IaaS)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/infrastructure-as-a-service/
Definition IaaS providers offer virtualised computing resources, including virtual machines (VMs) or containers, which enable clients to run applications and workloads without managing physical hardware. What is infrastructure as a service? In an IaaS model, a third-party provider hosts and manages the hardware infrastructure, including servers, storage, networking, and virtualisation technology, while clients rent these resources on a pay-as-you-go basis. Clients can then scale computing resources up or down based on demand, allowing for flexibility and cost-efficiency. IaaS providers offer networking services, such as virtual networks, load balancers, firewalls, and VPNs, to enable connectivity between different components of the infrastructure and to the internet. Clients can configure network settings and security policies to meet their specific requirements. Furthermore, IaaS providers offer management tools and dashboards that allow clients to provision, monitor, and manage their infrastructure resources easily. Clients can deploy and configure virtual machines, manage storage, and monitor performance metrics through a centralised interface. Benefits of Infrastructure as a service include: Scalability: Clients can scale computing resources up or down quickly to accommodate changing workload demands. Flexibility: Clients have the flexibility to choose the specific computing, storage, and networking resources they need based on their unique requirements. Cost savings: IaaS eliminates the need for upfront capital expenditures on hardware infrastructure and reduces ongoing operational costs. Reliability: IaaS providers offer robust infrastructure with high availability and fault tolerance to ensure reliable service delivery. Example of infrastructure as a service ABC Corporation, a software development company, needs to host its application on...
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### Human resources (HR)
- Published: 2024-02-20
- Modified: 2025-04-24
- URL: https://swoopfunding.com/ca/business-glossary/human-resources/
Definition Human resources (HR) refers to the department within an organisation responsible for managing and coordinating all aspects related to the organisation's employees. What are human resources? HR encompasses a wide range of functions aimed at optimising the organisation's workforce to achieve its strategic objectives while ensuring compliance with employment laws and regulations. HR plays a crucial role in fostering a positive work environment, supporting employee development, and driving organisational success. HR facilitates the onboarding process for new employees, ensuring they receive the necessary training, resources, and support to integrate into the organisation effectively. This includes orientation sessions, introductions to company policies and procedures, and assistance with completing required paperwork. Furthermore, HR serves as a connection between management and employees, handling issues related to workplace conflicts, complaints, and disciplinary actions. HR professionals provide guidance, mediation, and resolution strategies to promote a harmonious work environment and maintain positive employee morale. HR manages the organisation's compensation and benefits programs, including salary structures, bonus incentives, health insurance, retirement plans, and other employee perks. HR ensures competitive and equitable compensation practices to attract and retain top talent. Lastly, HR ensures the organisation's employment practices comply with federal, state, and local labor laws and regulations. This includes overseeing adherence to anti-discrimination laws, wage and hour regulations, workplace safety standards, and employment eligibility verification requirements. Example of human resources ABC Corporation's HR department is responsible for managing the company's employees. They oversee recruitment, hiring, and onboarding processes. For instance, when a new position opens up in...
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## Compare business current account
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## Compare business credit cards
### Archa Mastercard® Business Card
- Published: 2022-02-10
- Modified: 2022-03-25
- URL: https://swoopfunding.com/ca/compare-credit-cards/archa-credit-card/
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## Podcasts & Videos
### Insider secrets to buying and selling a business
> Join Ciaran Burke (COO & Co-Founder, Swoop) and Blake Hutchison (CEO, Flippa) as they reveal expert strategies for buying and selling businesses.
- Published: 2025-01-29
- Modified: 2025-01-29
- URL: https://swoopfunding.com/ca/podcasts-videos/insider-secrets-to-buying-and-selling-a-business/
Your questions answered Are there Shariah-compliant financing options available? At this time, Swoop does not offer Shariah-compliant financing options in the United States or Canada. As we continue to expand our network of lenders and services, we recommend checking back with us in the future to explore new possibilities. Can Swoop assist with a U. S. or Canadian buyer acquiring an asset or company based in Australia? This type of cross-border transaction may be more challenging and will have to be evaluated on a case-by-case basis, as it will depend on the type of company and specifics of the deal. If the Australian seller can provide CPA-prepared financial statements and the U. S. or Canadian buyer demonstrates strong personal financial strength, we may be able to make a case. How can I perform due diligence on a business less than a year old where tax returns are unavailable? Performing financial due diligence on a newer business can be challenging due to the lack of a track record. In such cases, the purchase price should reflect the limited operational history and profitability. Focus on verifying other critical aspects, such as revenue consistency, growth potential, and market position. Is it riskier to acquire a business that’s been operating for a short time? Yes, acquiring a business with a limited history carries higher risk due to its unproven market durability and financial track record. However, you can mitigate this risk by: Evaluating the buyer’s experience in the industry and ability to add value....
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### What You Need to Know About Workplace Pensions After the Budget
- Published: 2024-11-14
- Modified: 2025-01-24
- URL: https://swoopfunding.com/ca/podcasts-videos/what-you-need-to-know-about-workplace-pensions-after-the-budget/
Watch this webinar to explore the latest budget changes affecting Workplace Pensions. We are discussing updates to auto-enrolment, employer contributions, and tax relief, and exploring how Husky can help UK companies stay compliant and save money through Salary Exchange, followed by a Q&A session
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## International Money Transfers
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## Knowledge hub
### Convertible loan note
> Have you offered a loan from an investor under a CLN agreement? Is it the right choice for your business? Here's how they work.
- Published: 2020-05-19
- Modified: 2024-05-15
- URL: https://swoopfunding.com/ca/knowledge-hub/convertible-loan-note-cln/
- Segment: Working capital finance
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### Advanced Subscription Agreement (ASA)
> An Advanced Subscription Agreement (ASA) is an equity instrument where investors 'pre-pay' for shares in a company. Find out more.
- Published: 2020-05-19
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/knowledge-hub/advanced-subscription-agreement-asa/
- Segment: Equity finance
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### Startup finance
> Looking for funding options to help your startup business grow? Find out what your options are on the Swoop Knowledge Hub.
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/startup-finance/
- Segment: Types of finance
Startup finance is a broad term that refers to any kind of finance (i. e. debt finance, equity finance or grant funding) that a startup business might need in order to launch and grow. It's sometimes used interchangeably with 'seed capital', though startup finance is usually a longer-term arrangement. Let's say you're a startup business. You've got a great idea. You might also have a team in place, a business plan, a budget and a figure for the amount of finance you need in order to meet your short-term needs and grow. You might decide you need funding for, say, three years to cover development costs and startup losses. Perhaps you'll need finance even after you've reached break-even point, especially if your business is seasonal. The good news is that there are lots of options for startup finance, spanning debt finance, grant funding and equity finance from crowdfunding or external investors. For short-term finance you might consider an overdraft (paying interest only on the amount you’re overdrawn each day), factoring (selling accounts receivable), a credit card, purchase order finance or other types of working capital finance. If you’re looking for longer-term finance then a startup loan is one option. There are a large number of lenders (bank and non-bank) who offer loans to startups or new businesses. You might find, however, that your business doesn't currently meet the lending criteria for a startup loan (or for any longer-term business loan for that matter). Or perhaps you just don't want to...
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### Debt financing
> Thinking of utilising debt financing to raise capital for your business? Find out what your options are with the Swoop Knowledge Hub.
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/debt-financing/
- Segment: Types of finance
Debt financing is a broad term that covers any type of loan that you pay back, with interest, over a set period of time. A loan can come either from a lender – see business loans – or from selling bonds to the public. If your business needs to raise money (capital) you can either borrow from a lender (i. e. debt financing) or sell a share of ownership in your business (equity financing) in return for capital. You can of course combine the two. Debt financing includes, for example, business loans, overdrafts, equipment leases, and invoice discounting, as well as fixed income products such as bonds, bills, or notes. You will find there are debt products to suit just about every business stage and situation, whether you are looking for startup finance, working capital finance or a longer-term business loan. The details vary, but in all cases your business is taking on debt – the lender gives you cash in return for regular repayments that add up to the principal amount you borrowed plus interest within an agreed time frame. The lender usually has a clear idea of how much they’ll get back. If you're an established business looking for growth finance or a buyout you might also want to consider direct lending, which is a type of private debt.
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### Grant funding
> A grant is a form of finance provided by either government or private organisations for a specific purpose. Find out more here.
- Published: 2020-03-23
- Modified: 2023-11-30
- URL: https://swoopfunding.com/ca/knowledge-hub/grant-funding/
- Segment: Grants and tax credits, Types of finance
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### Mezzanine finance
> Mezzanine financing is a fairly complex form of business loan that gives the lender the right to a share of equity in your business if you default on your loan.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/mezzanine-finance/
- Segment: Private debt
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### Private debt
> Private debt products are financed by non-bank institutions - could this be the right option for your business? Find out from the Swoop Knowledge Hub
- Published: 2020-03-23
- Modified: 2024-07-12
- URL: https://swoopfunding.com/ca/knowledge-hub/private-debt/
- Segment: Private debt, Types of finance
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### Private equity
> Private equity is a type of equity financing. Private Equity funds give your business money in return for a large or controlling share in your business.
- Published: 2020-03-23
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/private-equity/
- Segment: Equity finance
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### Venture capital
- Published: 2020-03-23
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/venture-capital/
- Segment: Equity finance
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### Business angels
> Business angels are individuals who are prepared to put their own money into startup or early-stage businesses in exchange for a share of the company’s equity.
- Published: 2020-03-23
- Modified: 2023-11-29
- URL: https://swoopfunding.com/ca/knowledge-hub/business-angels/
- Segment: Equity finance
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### Confidential invoice factoring
> Confidential invoice factoring works on the same principle as normal factoring. You still outsource your credit control to the factoring provider. The only difference is how the lende introduces themselves to your customers.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/confidential-invoice-factoring/
- Segment: Invoice finance
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### Spot factoring
> Spot factoring is a type of selective invoice finance, i.e. a way of borrowing money using your unpaid invoices. It’s similar to selective invoice discounting in that it allows you to finance specific invoices (or customers).
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/spot-factoring/
- Segment: Invoice finance
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### Invoice factoring
> Invoice factoring is a type of invoice finance. Factoring (like invoice discounting) is used to finance all of your invoices (i.e. your entire sales ledger).
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/invoice-factoring/
- Segment: Invoice finance
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### Invoice discounting
> Invoice discounting is arguably the simplest form of invoice finance – it’s a way of borrowing money using your unpaid invoices. Find out
- Published: 2020-03-23
- Modified: 2024-06-13
- URL: https://swoopfunding.com/ca/knowledge-hub/invoice-discounting/
- Segment: Invoice finance
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### Hire purchase
> Hire purchase is a way for you to buy an asset by paying in instalments over a period of time, rather than paying upfront. Find out more here.
- Published: 2020-03-23
- Modified: 2022-11-01
- URL: https://swoopfunding.com/ca/knowledge-hub/hire-purchase/
- Segment: Asset finance
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### Supplier finance
> Supplier finance (also known as ‘supply chain finance’ or ‘reverse factoring’) is a type of business cash advance, similar to invoice finance. If your business is the seller (or supplier) then you can benefit from the higher credit scores of the buyers in your supply chain. Your buyers can also lengthen their payment terms without impacting your cash flow.
- Published: 2020-03-23
- Modified: 2024-07-15
- URL: https://swoopfunding.com/ca/knowledge-hub/supplier-finance/
- Segment: Working capital finance
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### Purchase order (PO) finance
> Purchase order (PO) finance is funding advanced to a supplier (from a finance provider) secured against a confirmed purchase order. Find out more here.
- Published: 2020-03-23
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/purchase-order-finance-po-finance/
- Segment: Working capital finance
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### Business overdraft
- Published: 2020-03-22
- Modified: 2024-05-28
- URL: https://swoopfunding.com/ca/knowledge-hub/business-overdraft/
- Segment: Working capital finance
Whether you need cash quickly or you're after a safety net that you can use occasionally, a business overdraft could be the answer. However, it's become more difficult to get an overdraft with the major banks. Instead, you might want to consider alternatives such as a revolving credit line, a business credit card, a business cash advance or other types of working capital finance. There are two obvious reasons you might want to use an overdraft: you might need cash quickly (i. e. you might need to access working capital buffer) or you might want a safety net to use occasionally in times of need. It has become more difficult to get traditional business overdrafts from the major banks, especially if you are a small business. But don't worry, there are lots of alternatives to business overdrafts. Here are some other types of working capital finance: short-term or medium term business loan (i. e. working capital loan) revolving credit line invoice finance (i. e. invoice factoring or invoice discounting) trade finance (if you're dealing with international buyers and suppliers) business cash advance business credit card asset refinance purchase order finance supplier finance.
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### Line of credit (non-revolving)
> You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a ‘rolling’ type of line of credit.
- Published: 2020-03-22
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/line-of-credit-non-revolving/
- Segment: Business loans
A line of credit is like a business loan that's ready to go. It's an agreement with a lender that lets you borrow on an as-needed basis and pay back when it's convenient. You have a credit limit, in the same way you do with a business credit card or bank overdraft. A revolving credit line is a 'rolling' type of line of credit. A non-revolving line of credit has similar features to revolving credit (or a revolving credit line). In both cases you agree a credit limit with a lender, you can use the funds for a variety of purposes, you pay interest, and you can make payments at any time, as documented in your agreement with the lender. There is one major difference: with a non-revolving line of credit the pool of available credit does not replenish after you've completed your payments. Rather, once you pay off the line of credit in full, the lender closes the account and you can't use it again. So, unlike revolving credit, a non-revolving line of credit is a static product – or a one-off financial arrangement. When you have reached your credit limit, you cannot borrow more. Both revolving credit and non-revolving credit lines come in unsecured and secured versions.
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### Revolving credit facility (line of credit)
> A revolving credit facility is a type of working capital finance that enables you to withdraw money when you need it to fund your business.
- Published: 2020-03-22
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/revolving-credit-line-facility/
- Segment: Working capital finance
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### Asset refinance
> Asset refinancing is a way to unlock cash from items your business already owns. You can secure a loan with e.g. commercial property, equipment or vehicles.
- Published: 2020-03-22
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/knowledge-hub/asset-refinance/
- Segment: Business loans
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### Startup loan
> Like any other business loan, a startup loan is a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate.
- Published: 2020-03-22
- Modified: 2024-07-17
- URL: https://swoopfunding.com/ca/knowledge-hub/startup-loan/
- Segment: Business loans
A startup loan is a business loan designed to help new businesses launch and grow. It is one type of startup finance. Like any other business loan, it's a lump sum of capital that you pay back with regular repayments at (usually) a fixed interest rate. There are many different lenders offering startup loans, each with their own lending criteria, application processes and terms. Let's say you're a startup business. You've got a great idea. You might also have a team in place, a business plan, a budget and a figure for the amount of finance you need in order to meet your short-term needs and grow. You might decide you need funding for, say, three years to cover development costs and startup losses. Perhaps you'll need finance even after you've reached break-even point, especially if your business is seasonal. The good news is that there are lots of options for startup finance, spanning debt finance, grant funding and equity finance from crowdfunding or external investors.   For short-term finance you might consider an overdraft (paying interest only on the amount you’re overdrawn each day), factoring (selling accounts receivable), a credit card or other types of working capital finance. If you’re looking for longer-term finance then a startup loan is one option. There are a large number of lenders (bank and non-bank) that offer loans to startups or new businesses.   Here are some typical characteristics of the kind of startup loans currently on offer: loans from $500 to $25,000...
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### Peer-to-peer (P2P) lending
> Peer-to-peer lending (P2P) is a type of business loan provided by a large number of private investors to your business, usually through an online platform.
- Published: 2020-03-22
- Modified: 2024-08-22
- URL: https://swoopfunding.com/ca/knowledge-hub/peer-to-peer-lending/
- Segment: Business loans
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## Surveys
### Swoop State of Business Survey 2024
> There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it. Read more here.
- Published: 2024-12-20
- Modified: 2024-12-20
- URL: https://swoopfunding.com/ca/surveys/swoop-state-of-business-survey-2024/
There is huge optimism about the future of the economy, but work needs to be done on getting the right help to the businesses that need it Each year, we survey our SMB customers to find out what matters to them, how they feel about the current and future state of business in North America and where they see the next year going. The report highlights the following: Generally more optimism than RoW results last year Managing cash flow is a big challenge for business owners Traditional banks are being edged out by family/ friends and online lenders Broadly, this snapshot of SMBs in North America suggests a very positive attitude, though there are still opportunities for business owners to be better informed. Download the Swoop 2024 State of Business Survey here
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## Sectors
### Self-employed loans with no proof of income
> Self-employed workers & sole traders often require business financing and are usually asked for proof of income. Learn more here.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed-loans-with-no-proof-of-income/
- Business sectors: Sector guides
Guide to self-employed loans with no proof of income Self-employed workers and sole traders often require business financing. Get a quote To secure this type of borrowing, they will usually be asked for proof of income. But what do you do when you can’t show evidence of the money you make? Read on to learn more about loans for self-employed with no proof of income - and how to can get them. Don’t let a lack of paperwork slow your business down. What is proof of income? Proof of income is verifiable documentation that shows how much you have earned (or will earn) over a given period of time. Typically, you’re being asked for proof of a steady source of income. For the self-employed – sole traders, freelancers, and gig workers – providing such evidence means showing tax returns, trading accounts prepared by your accountant, work contracts, and recent bank statements to whoever is asking for this information – usually lenders, landlords, and leasing companies. Get a quote Why do lenders ask for proof of income? Lenders must be certain that you have enough income to support the repayment schedule of the loan you are applying for. If you can’t show steady and predictable income, it may make it more difficult for you to borrow money. It can also negatively impact other financial agreements, such as renting business premises, leasing vehicles or equipment, even securing accounts with utility companies for the supply of energy and water. Top tip: Lenders will...
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### Self-employed loans with bad credit
> There are almost three million self-employed workers in Canada, and many of them will need extra funding to support their business. Read more here.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed-loans-with-bad-credit/
- Business sectors: Sector guides
Guide to self-employed loans with bad credit There are almost three million self-employed workers in Canada, and many of them will require extra funding to support their business at some point in time. Get a quote Unfortunately, due to erratic income, the self-employed often have bad credit, which makes it more difficult for them to borrow. So what can these entrepreneurs do? Read on to discover everything you need to know about loans for self-employed with bad credit, and how to secure the funds you need. What is bad credit? The term ‘bad credit’ refers to a person's history of not paying bills or loan repayments on time and the increased likelihood that they will fail to make timely payments in the future. In practice, bad credit really means a poor credit score – the calculation that lenders use to determine the default risk of any borrower. Most Canadian self-employed workers are sole traders, freelancers, and gig workers. When they want to borrow money, lenders will typically check their personal credit score, (although some sole traders may also have a business credit score which is different from a personal credit rating). If your score is too low – defined as having ‘bad credit’ – it can be more difficult to borrow money, especially at competitive interest rates. Get a quote How does bad credit work for the self-employed? In Canada, most credit scores are provided by big credit rating agencies. They hold credit records on most of the adult population...
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### Inventory financing
> Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get started.
- Published: 2023-08-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/inventory-financing/
- Business sectors: Business loans
Inventory financing Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get a quote 90% of SMEs face a cash crunch at least once a year – and paying for inventory that takes too long to sell is a prime cause of this liquidity issue. Put simply, buying inventory now, then waiting months to get your cash back is a financial back hole that too many Canadian small and medium-sized businesses fall into. But it doesn’t have to be like that. Read on to find out more. What is inventory finance? Inventory finance, (also known as warehouse finance) is the term for a short-term business loan or revolving line of credit that is used to buy inventory – finished goods, components, raw materials – which are typically warehoused by the buyer before selling them to their customers. The purchased goods and materials act as security for the lending. Inventory finance is an important tool to support cash flow, as it can iron out the imbalance in income and expenditure caused by paying for goods or materials before their costs can be recouped from customers. Inventory finance may also enable growth, as it can allow businesses to hold more stock and attract more sales, than if they had to pay for stock upfront with cash. Businesses choose inventory financing to:Cover short-term cash shortagesPrepare and stockpile inventory for the busy seasonBuy in bulk to secure bigger discountsExpand product...
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### Self-employed
> There are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Learn all here.
- Published: 2023-04-04
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/self-employed/
- Business sectors: Business loans
Self-employed business loans Candlestick makers, dressmakers, bakers, video game makers - the self-employed and sole traders are some of the nation’s most entrepreneurial workers. Apply now However, like most businesses, there are times when the self-employed need a business loan. But what kind of loans are available, and what do you need to secure them? Read on the find out all you need to know about business loans for the self-employed. What loans are available for the self-employed? Just because you’re self-employed, it doesn’t mean you can’t get a business loan. Lenders may require more paperwork from sole traders and the self-employed than they would from fully employed borrowers or larger companies, but there are still finance options for those who work for themselves:Unsecured loan: Similar to a personal loan. It does not require you to provide security (collateral) to the lender. Unsecured loans are primarily based on your credit history and personal income instead of your business’ performance. A good credit score is typically required to obtain an unsecured loan, and the sum you can borrow may be less than you may secure with other finance options. Small business loan: Works like a regular bank loan and is issued for business purposes. The lender will usually check your personal and business credit score as part of the due diligence process. Your business records will also be reviewed to assure the lender that your business generates enough income to cover the repayments. Secured loan: You provide collateral to protect the...
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### Convenience stores
> Convenience store financing is funding to help start, buy, expand or operate a convenience store, available with minimum fuss. Read more here.
- Published: 2023-02-16
- Modified: 2024-12-26
- URL: https://swoopfunding.com/ca/sectors/convenience-stores/
- Business sectors: Business loans
Convenience store finance and loans By definition, convenience stores are designed to make our lives easier. So we've made getting funding for them easier. Get a quote No matter if they’re a traditional corner shop, part of a glossy national chain, or big enough to be a mini-supermarket, convenience stores are the places we go when we need something in a hurry. Convenience store financing is much the same thing – funds to help start, buy, expand or operate a convenience store, available with minimum fuss, and often at short notice. Read on the find out all you need to know about convenience store finance and loans. What is convenience store financing? There are almost 9,500 convenience stores in Canada and they come in all shapes and sizes – from small family-run corner shops to large-scale franchise operations and thousands of petrol station stores. Convenience store financing includes commercial loans, mortgages, and other financial products created to suit the unique nuances of the convenience store industry. Borrowed funds may be used for a variety of purposes:Start a new storeBuy an existing storeExpand and develop an existing storeShore up working capitalBuy into a convenience store franchise chain Get a quote How do these loans work? Convenience store loans are provided by lenders who service the unique financial demands of the industry. Loans may be offered unsecured, or security in the form of a lien against property or other types of hard asset may be required. Experience in the convenience store industry...
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### Food trucks
> Finding funding for your food truck is key to success. Read more to find out all about food truck finance and how it can keep your business going.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/food-trucks/
- Business sectors: Business loans
Business loans for a food truck Think of street food and you think of delicious dishes served for immediate consumption with just the sky above your head. Get a quote Fast-food served outdoors is big business in Canada and king of the street food industry is the food truck – a mobile kitchen selling everything from fish and chips, to BBQ, tacos, wraps, rice bowls, curries, smoothies and empanadas. Growing at a meteoric pace, the Canadian street food industry is worth more than $290million per year, a statistic that is drawing more entrepreneurs to this niche area of hospitality. However, launching a food truck can be expensive and even well-established operators can suffer from seasonal low points or when the weather turns to rain or snow. Securing adequate funding for your food truck is therefore key to long-term success. Read on to find out more about food truck finance and how it can keep your mobile fast-food business firmly on the road. Why are mobile food trucks becoming popular business choices? Food trucks are a common sight in many US cities, but until recently, they were a rarity in Canada, with menus limited to basic foods such as hamburgers, ice creams, and hot dogs. However, an explosion in take-away food before, during and after the COVID-19 pandemic has seen a boom in food trucks on Canadian streets and now they offer food from every corner of the globe. Popular with sports fans, events and concert goers, as well as office...
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### Restaurant loans
> Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Read all about the available options and apply here.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/restaurant-loans/
- Business sectors: Business loans
Loans to open a restaurant Despite the pandemic and a series of economic shocks, the Canadian hospitality industry still goes from strength to strength. Get a quote With the Canadian restaurant trade expected to expand and deliver billions in gross turnover, it’s a good time to own or launch a place to eat. Best of all, restauranteurs seeking finance to buy, build, expand, or refurbish restaurants, or cover their everyday expenses are now spoilt for choice. Read on to discover everything you need to know about this feast of loans for restaurants. What restaurant business loans are available? There are restaurant business loans to furnish almost every need:Buy, build, refurbish, or expand a restaurant. Join a restaurant franchise. Secure working capital to pay day to day expenses. Start a new restaurant. Finance can be secured for restaurants, cafes, take-away outlets, sandwich bars, coffee shops and more. Many of these loans require no additional security. Even if you’ve been turned down elsewhere, or you have bad credit, it may be possible to obtain the funds your hospitality business needs. Get a quote The different types of restaurant business loans explained Restaurant loans to spur growthLoans to buy or build a restaurant:Commercial mortgages may be used to buy an existing restaurant, buy a property and convert it into a restaurant, or build a new eatery from the ground up. Borrow up to 90% of LTV (loan to value, a comparison of the size of the loan to the value of the property),...
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### Car garage
> Don’t put your purchase or expansion plans on hold because of cash flow issues. Use a car garage mortgage to fuel your growth. Read all about it here.
- Published: 2023-01-13
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/car-garage/
- Business sectors: Business loans
Car garage commercial mortgages With more than 26 million vehicles registered in Canada at the end of 2022, and the growth of electric vehicles driving a new motoring boom, it’s a good time to be in the automotive industry. Get a quote As sales and vehicle service needs grow to reflect the surge in motorcycles, cars, vans, and trucks on Canadian roads, so established and startup automotive businesses need more and bigger premises. However, buying, expanding or refurbishing showrooms, garages and filling stations is not cheap, and no matter if they’re big, small, new or old, most automotive businesses will need to finance their transaction. This is where commercial mortgages for car garages come in. Don’t put your purchase or expansion plans on hold because of cashflow issues – use a car garage mortgage to fuel your growth ambitions and get your business on the road. What is a car garage mortgage? Car garage mortgages are commercial property loans used to buy existing car garages, petrol stations, MOT and car repair centres, tyre shops, or new and used car showrooms. They may also be used to pay for the construction of new automotive trade and retail properties and to purchase or build properties that sell commercial vehicles or provide maintenance services for vans, trucks and other forms of haulage transport. Commercial mortgages may be secured to cover up to 90% of the LTV, (loan to value – a comparison of the size of the loan to the value of the...
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### Vineyard finance
> From commercial mortgages to working capital finance, vineyard loans are available to solve every grower’s need. Read all about the funding options here.
- Published: 2023-01-11
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/vineyard-finance/
- Business sectors: Business loans
Vineyard finance Through bad times and good times, there’s one thing you can be sure of – Canada still loves a glass of wine. Get a quote Despite significant drops in production and consumption in the first year of the pandemic, Canadian wine sales are now forecast to grow every year. However, even as sales rise, costs are rising too, leaving many Canadian wine growers struggling to modernise their facilities, expand their area under vines, and pay ballooning overhead. Fortunately, this is where vineyard finance can come to the rescue: From commercial mortgages to startup loans and working capital finance, vineyard loans are available to solve every grower’s need. Don’t let financial issues sour your winemaking ambitions. Read on to find the best loan for your vineyard. What types of loan are available for vineyards No matter if you’re seeking to expand production, pay taxes, start a vineyard, or buy property, there’s a vineyard loan for you. Get a quote Commercial land mortgageWine growing is a land intensive business, but in Canada, even agricultural land can be expensive. This means wine growers who wish to buy an existing vineyard or buy raw land to plant new vines will typically need finance for the transaction. Unlike residential home loans, where one size often fits all, commercial mortgages are tailored to the unique demands and business of the borrower. Borrow up to 90% of the LTV (loan to value – a comparison of the size of the loan against the value of...
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### Brewery finance
> From commercial mortgages to startup loans and much more, brewery loans are available to solve every brewer’s need. Learn more or apply here.
- Published: 2023-01-11
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/brewery-finance/
- Business sectors: Business loans
Brewery finance Through bad times and good times, there’s one thing you can be sure of – Canada still loves a glass of beer. Get a quote Despite significant drops in production and consumption in the first year of the pandemic, Canadian beer sales rebounded strongly in 2021 and are forecast to grow every year. However, even as sales rise, costs are rising too, leaving many Canadian brewers struggling to modernise their facilities, expand product lines, and pay ballooning overhead. Fortunately, this is where brewery finance can come to the rescue: From commercial mortgages to startup loans and working capital finance, brewery loans are available to solve every brewer’s need. Don’t let your beermaking ambitions fall flat. Read on to find the best loan for your brewery. What types of finance are available for breweries? No matter if you’re seeking to expand production, pay taxes, start a brewery, or buy property, there’s a brewery loan for you. Get a quote Equipment financeMaking a tasty pint of beer doesn’t come cheap. Brewery equipment can be expensive and to keep on top of expanding consumer tastes, brewers must continually modernise to stay ahead of the competition. Asset finance can take the sting out of buying big-ticket plant and machinery. Buy over time and use the equipment as you pay for the equipment. The asset acts as security for the loan. In many cases, there is no need to provide extra collateral. Commercial mortgagesBrewers who wish to buy an existing brewery or build...
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### Cow & livestock finance
> Canadian cow and livestock finance is a loan that farmers can use to pay for the supplies they need to raise live animals, particularly beef and dairy herds.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/cow-livestock-finance/
- Business sectors: Business loans
Cow & livestock finance Livestock farming is big business in Canada - with 46,000 live stock farms working to provide meat and dairy throughout the country. Get a quote However, with big business come big expenses, and in an industry where margins are notoriously tight and seasonal cash flow problems persist, spending large sums on herd replenishment, feed, and veterinary bills can stretch farms to the limit. Fortunately, this is where cow and livestock finance can help – fast, affordable loans to meet working capital needs, or pay for large-scale investments such as milking sheds, feed processors, and vehicles. Read on to discover more about this agricultural funding and to find the best livestock finance for your farm. What is livestock finance? Cow and livestock finance are loans that farmers can use to pay for the important tools and products they need to raise and process live animals, particularly beef and dairy herds. The funding can pay for short-term costs, such as buying cattle, sheep, pigs and chickens, and paying for feed and medical services, or it can pay for investment costs such as plant, machinery and shelters. Depending on the type of loan and the purpose for which it is used, livestock loans may be short-term, paid back in 1 – 7 years, or long-term, with repayment plans over 1 – 25 years. Some loans require no security (collateral), while some may require a charge over land, buildings, or other capital assets. Get a quote When to consider livestock...
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### Guest house finance
> This funding can be used to refinance a guest house loan, renovate your building, buy/build a new guest house, or cover seasonal quiet spots. Read more.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/guest-house-finance/
- Business sectors: Business loans
Guest house finance Just like hotels and B&Bs, Canadian guest houses are booming as the world recovers from the pandemic. Smaller than most hotels, but larger than your average B&B, guest houses fill an important niche in the hospitality industry. Get a quote With more than 2. 3 million overseas visitors in the third quarter of 2023, plus domestic trade that is almost back to pre-pandemic figures, now is a good time to be a guest house owner. However, to buy, start, and run a successful guest house, owners and entrepreneurs will typically need additional funding. Read on to find out more and to discover what you need to secure the best finance for your guest house business. Business loans and mortgages for buying a guest house Guest house finance comes in many shapes and sizes. This funding can be used to refinance a current guest house loan, renovate your building, acquire or build a new guest house, or cover seasonal quiet spots that create a cashflow squeeze. Guest house finance is tailored to fit the unique financial circumstances of the hospitality industry, and in many cases, the property or acquired assets work as security and there is no need to provide additional collateral. This means guest house owners and companies that have weak credit or have been previously turned down for funding may still be able to obtain the financing their business needs to grow. Get a quote Which type of finance is best for my guest house? Match...
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### Crop finance
> Crop finance are loans that farmers can use to pay for the important tools they need to farm their arable land. Find funding here and get started.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/crop-finance/
- Business sectors: Business loans
Crop finance Farming is big business in the UK - agriculture contributed around 7% to the economy, employed over half a million people, and provided half the food we ate in 2021. Get a quote However, big business also means big expenses, and in an industry where margins are notoriously tight and seasonal cash flow problems persist, spending large sums on seed, pesticides, and crop storage can stretch farms to the limit. Fortunately, this is where crop finance can help – fast, affordable loans to meet working capital needs, or pay for large-scale investments such as grain silos and processors. Read on to discover more about this agricultural funding and to find the best crop finance for your farm. What is crop finance? Crop finance are loans that farmers can use to pay for the important tools and products they need to farm their arable land. The funding can pay for short-term costs, such as buying seed, pesticide and diesel fuel, or it can pay for investment costs such as plant, machinery and crop storage facilities. Depending on the type of loan and the purpose for which it is used, crop loans may be short-term, paid back in 1 – 7 years, or long-term, with repayment plans over 1 – 25 years. Some loans require no security (collateral), while some may require a charge over land, buildings, or other capital assets. Get a quote How does crop finance help generate revenue? A cashflow squeeze can hamper a farmer’s ability to...
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### Bus and coach finance
> As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. Read more and apply here.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/bus-and-coach-finance/
- Business sectors: Business loans
Bus and coach finance As the post-COVID-19 recovery gathers pace, Canada’s road passenger transport network is roaring back to life. Get a quote As passenger numbers grow, so bus and coach operators must update, replace and expand their vehicle line-ups. No matter if you need one vehicle, or a whole fleet of buses and coaches, financing your acquisition(s) makes best business sense. Read on to find out more about bus and coach finance and how it can put you in the driving seat. Finance products we support for the bus and coach industry Instead of putting strain on cashflow and tying up hard-won capital in your vehicles, spread the cost over time. Get a quote Bus financeWhether you need new buses to manage city operations, a rural network, charter hire, or shuttle runs, financing your operations with one of our borrowing options is the best way to go. Buy to keep, rent with an option to buy, or simply rent and return. Whichever route is best for your bus business, we have the right loan for you. Coach financeNever ending disruptions to Canada’s rail network reveal how important coach operators are to keep the nation on the move. Whether you’re replacing older vehicles or expanding to meet demand, financing your operations with one of our borrowing options is the best way to go. Buy to keep, rent with an option to buy, or simply rent and return. Whichever route is best for your coach business, we have the right loan...
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### Business loans for bed and breakfasts
> B&B funding can be used to refinance a current loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, ad much more. Learn more.
- Published: 2022-12-22
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/business-loans-for-bed-and-breakfasts/
- Business sectors: Business loans
Business loans for bed and breakfasts There are loads of registered Bed and Breakfast businesses in Canada and, since the arrival of global hospitality giant Airbnb in 2009, traveler interest in Canada’s small and privately-run visitor accommodation has seen exponential growth. Get a quote This means it’s a good time to own a B&B. However, to buy, start, and run a successful B&B, owners and entrepreneurs will typically need additional funding. Read on to find out more and to discover what you need to secure the best business loan for your bed and breakfast. What business loans are available for B&Bs Business loans for bed and breakfasts come in a variety of shapes and sizes. They can be used to refinance a current B&B loan, renovate your building, acquire an existing B&B, build a new bed and breakfast, or cover seasonal quiet spots that create a cashflow squeeze. These loans are often tailored to fit the unique financial circumstances of the hospitality industry. In many cases, the property or acquired assets work as security and there is no need to provide additional collateral. This means B&B owners and companies that have weak credit or have been previously turned down for funding may still be able to obtain the financing their business needs to grow. Get a quote Common types of B&B funding:Commercial mortgage: These are long-term loans that you use to buy an existing B&B or to build a new one. Borrow up to 90% of the purchase price, with...
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### Hotel funding
> Hotel owners seeking this type of financing may find themselves searching and making applications to lender after lender. Read how to improve chances here.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/hotel-funding/
- Business sectors: Business loans
Hotel funding There are almost 7,000 hotels in Canada, and they generated revenues of more than $18billion in 2022. Get a quote Even with the pandemic, the industry has managed average growth every year since 2017 and forecasts for the future reveal this trend is not a blip. However, with success comes rising expectations. Customers want increasing value for their money, which puts hotels in fierce competition to expand, renew and innovate to catch their share of a growing market. Unfortunately, such strategies don’t come cheap. Buying hotels, building new, or engaging in extensive refurbishments is expensive, and in an industry where margins are under constant pressure, paying for long-term investment with short-term working capital can be an issue. Fortunately, there’s a solution to this dilemma: Hotel owners can stay ahead of their competitors without putting strain on cashflow by using hotel loans and mortgages to pay for upgrades, acquire new properties, or cover seasonal low points. Read on to discover more about these types of funding and how to put your hotel’s financial problems comfortably to bed. What is hotel funding? Hotel funding comes in a variety of shapes and sizes, and it can be used to refinance a current hotel loan, renovate your hotel building, acquire an existing hotel, build a new hotel, or cover seasonal quiet spots that create a cashflow squeeze. These loans are often tailored to fit the unique financial circumstances of the hotel industry, and in many cases, the property or acquired assets work...
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### Haulage finance and HGV loans
> Haulage and HGV loans are available to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/haulage-finance-and-hgv-loans/
- Business sectors: Business loans
Haulage finance and HGV loans Moving stuff from A to B is big business. In 2023, the Canadian road freight market is said to be worth more than $27. 7billion. Get a quote Transporting everything from car parts and canned peas to soft drinks and summer shoes, the 324,200 truckers and the firms they drive for are the lifeblood of our economy. However, booming as business may be, many haulage businesses still struggle to pay the bills. A difficult mix of slow paying customers, expensive vehicles, rising energy costs, and increasing regulations is creating a cashflow crisis with firms of every size. Fortunately, haulage finance and HGV loans are available to ease the economic pain. Use them to pay for everything from buying trucks and buildings, to paying tax, covering wages, or filling up the tank. Read on to find out more about affordable haulage finance and HGV loans, and how they can put you and your haulage business firmly in the driving seat. Quick and straightforward haulage loans and funding Canadian road hauliers operate in an industry where time is money. Waiting for cashflow to improve so you can buy urgently needed parts and equipment or purchase the new vehicles you need is not an option. Waiting means losing out, which is why financing these kinds of needs immediately makes sound business sense. Buy what you need now, pay back over time, keep the pipeline moving. There are many types of haulage finance and HGV loans, and they may...
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### Care home finance
> Even in a period of rising interest rates, financing your care home acquisition or expansion can be the best decision. Read more on why to finance here.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/care-home-finance/
- Business sectors: Business loans
Care home finance Like most advanced economies, Canada has an ageing population, with more than 7 million people beyond the age of 65, and near 1 million over 85. Get a quote As people get older, they need more assistance to carry out basic activities, and many require the kind of full-time attention that only a care home can provide. This potent mix of ageing citizens and booming demand has seen the Canadian care home industry mushroom, with revenues reaching $11billion in 2021. Clearly, buying a care home or expanding an existing care facility can make good financial sense. However, instead of using cash, care home finance and mortgages are the best way to fund business growth. Read on to find out more and discover how to fund your care home without piling strain on cashflow. What is a care home mortgage? A care home mortgage is a commercial mortgage used to buy, develop, or refinance a care home. This may mean buying an existing care home, starting from scratch with a new property, expanding an existing facility, or extracting equity for liquid cash. Care home mortgages function like residential mortgages, where a lender provides a percentage of the purchase price based on LTV (loan-to-value, a comparison of the size of the loan to the value of the property), and the borrower repays the loan in instalments, as either capital + interest, or interest only and a lump sum capital repayment at the end of the loan term – which...
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### Buy a care home
> Buyers seeking a care home will typically fund the acquisition with a commercial mortgage. This is a loan used to buy, develop, or refinance a care home.
- Published: 2022-12-08
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/buy-a-care-home/
- Business sectors: Business loans
Funding to buy a care home The Canadian care home industry is big business. An ageing population means millions of people are needing assistance to carry out basic activities, often with the kind of full-time attention that only a care home can provide. Get a quote This is creating a booming demand for care facilities and has seen the Canadian care home industry mushroom, with revenues reaching $11billion in 2021. Buying a care home or expanding an existing care facility can make good financial sense, and many buyers will seek a care home mortgage to fund their purchase. However, buying a care home is not as simple as buying a house. Different rules apply. Buyers must conform to a raft of regulations and lenders will carefully scrutinise the business side of the transaction as well as the property. Success depends on ticking all the boxes. Read on to find out more about buying a care home with a mortgage, and how to ensure your purchase is five stars all the way. What funding is required to buy a care home? Buyers seeking to purchase a care home will typically fund the acquisition with a commercial mortgage. This is a business loan used to buy, develop, or refinance a care home – which can mean buying an existing care home, starting from scratch with a new property, expanding an existing facility, or even extracting equity for liquid cash. Care home mortgages function like residential mortgages, where a lender provides a percentage...
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### Farm equipment financing
> In Canada we rely on farms to provide half the food we eat. To keep our shops full, farmers must squeeze maximum production from every acre that they manage.
- Published: 2022-12-02
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/farm-equipment-financing/
- Business sectors: Business loans
Farm equipment financing In Canada we rely on farms to provide half the food we eat. To keep our shopping baskets full, farmers must squeeze maximum production from every acre that they manage. Get a quote Automation is the best answer to this challenge, but agricultural machines, technology and plant are not cheap. How can Canadian farms obtain the equipment they need to grow when margins are shrinking, and farm finances are under heavy pressure? Step forward Farm Equipment Financing - special plant and machinery loans to help Canadian farmers buy the equipment they need without increasing strain on cashflow. Read on to discover more about Farm Equipment Financing and how it puts farmers in the driving seat. Equipment finance: the catalyst for growth Ever since the first steam traction engines arrived on farms in the 1850’s, mechanical invention has expanded farm productivity, with more output per acre year on year. Modern Canadian farms are now unrecognisable from the farms of 100 years ago. They’re bigger, more productive, and grow a greater diversity of crops and animals. Mechanisation is behind this expansion and it’s the reason why today’s farms produce more than $134. 9billion in products and services every year. Unfortunately, the need for continual growth impacts farm finances. Despite record food demand, many Canadian farmers are receiving less for their production as margins continue to dwindle. Buying the necessary farm machinery, plant, and technology to stay competitive is essential, but further strain on cashflow must be avoided. This is...
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### Nursery funding
> Setting up a nursery can be financially rewarding for those who prepare thoroughly and follow a solid plan. Secure your funding with Swoop today.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/nursery-funding/
- Business sectors: Business loans
Nursery funding Like all educational organisations, day nurseries suffered badly during the COVID-19 pandemic. Get a quote However, since the re-opening of the economy, demand for childcare places has ballooned to all-time highs. Furthermore, with 69% of Canadian mothers stating that reliable childcare is their avenue back to work, and 40% saying that good quality nurseries are the key, it’s clear the current boom is not a fleeting blip, it’s a long-term trend. Why start a nursery? All in all, there’s never been a better time to start a new childcare nursery. However, securing premises, hiring staff, meeting regulatory demands and establishing your nursery brand all cost money. Without sufficient funding, your big idea may remain nothing more than a dream. But not to worry. Specialised finance to start and support day nurseries is available. No matter if you wish to buy a business or a building, or just cover daily overhead, there’s a nursery loan to suit your needs. Read on to find out more about nursery funding and how it can make child’s play of setting up your childcare centre. Get a quote Setting up a nursery Setting up a nursery can be emotionally and financially rewarding for those who prepare thoroughly and follow a solid plan. Follow these key steps to get your nursery venture off the ground:Research the qualifications you may need – and if you don’t have them, what are the steps to secure them? Establish what kind of day nursery you intend to operate...
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### Dental practice loans
> Dental practices are dynamic businesses, selling products and services that are in high demand. With well established practices providing solid profit margins.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/dental-practice-loans/
- Business sectors: Business loans
Buy a dental practice After more than two years of pandemic lockdowns and restrictions, large numbers of the Canadian population are seeking medical treatments to get them back to health. Get a quote As a result, dental practices have been inundated and are struggling to meet demand. However, busy surgeries mean good business and dental practices are booming, with profits and salaries climbing year on year. This means buying a dental practice can make good economic sense, although for many buyers, the upfront costs may put a purchase out of reach. But not to worry. Dental practice finance can take the pain out of the transaction. Read on to find out how commercial mortgages, business loans and working capital finance can bridge the gap to help you buy the dental practice you need. How to buy a dental practice Dental practices are dynamic businesses, selling products and services that are in high demand. Well established practices can provide solid profit margins and good income for their owners - principal dentists in Canadian practices could have an average personal income of up to $127,538. Buying a practice would be a logical step for an Associate Dentist wishing to take the next big step in their career, or seasoned dentists wishing to expand their current dental business. However, buying a practice that may rely heavily on fees, strong patient retention rates, high maintenance and staffing costs, and a requirement to constantly modernise and stay ahead of new procedures, is not a simple...
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### Agricultural mortgage
> Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/agricultural-mortgage/
- Business sectors: Business loans
Agricultural mortgages There are over 189,000 farms in Canada, and in 2021, the average farm had a turnover of more than $479,000 per year. Get a quote Clearly, farming is big business, which means those who wish to buy a farm should use a business loan. Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry. More flexible than many other types of property loan, they can open the door to ownership for the first-time farmer or plough the way for experienced professionals seeking to expand their farming footprint. What is an agricultural mortgage? An agricultural mortgage (sometimes called a farm mortgage) is a long-term loan used to buy rural real estate or to release equity from a farm property. Agricultural loans are similar to standard commercial mortgages except they are tailored to fit the unique economics of the agricultural industry. Get a quote How do agricultural mortgages work? Agricultural mortgages are usually paid back over 1 – 25 years and they may be capital + interest loans (you pay interest and some of the borrowed capital back each month), or interest-only loans (you only pay interest each month and then make a lump sum repayment at the end of the term). Mortgages of up to 90% of LTV (loan to value – the size of the loan in comparison to the value of the property) may be possible, depending on the status of the borrower. The lender will take...
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### Agricultural loans
> Many farms are land rich and cash poor, with income that is volatile.as a result of seasonal patterns. Fortunately, there are loans available to support this.
- Published: 2022-11-29
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/agricultural-loans/
- Business sectors: Business loans
Agriculture loans There are more than 189,000 farms in the Canada and in 2021, they generated $15. 9billion. Get a quote Clearly, farming is big business, but unfortunately, it’s also very seasonal. Many farms suffer from erratic cash flow caused by patchy income and volatility in the prices they pay for supplies and the prices they achieve for their products. This can leave many farms struggling to expand, unable to cover supply costs, and late to pay mandatory obligations, such as VAT. Specialised agricultural finance has grown to plug these gaps – providing tailored long-term loans to buy land and expand production, VAT loans to keep the taxman happy, and working capital finance to meet the daily needs. Read on for an overview of agricultural loans and how they can help you grow your farm into a high-performing business. Supporting the agricultural sector to find the funding they need Many farms are land rich and cash poor, with income that is volatile. Their erratic cashflow may be the result of seasonal patterns, or it could be caused by slow payment by large wholesale buyers. Either way, lack of working capital, or investment funds to expand, puts a brake on profitability and can cause permanent harm to the business. Farmers often need funding to buy more land, build infrastructure, pay for supplies, such as seed or cattle, and invest in new machinery. Fortunately, as diverse as farmer funding needs may be, there are just as many loans available, and they can...
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### Petrol station finance
> Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Learn how to get funding to buy or expand your station here.
- Published: 2022-11-24
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/petrol-station-finance/
- Business sectors: Business loans
Loans to buy a petrol station Petrol stations are one of the few Canadian retail businesses that can provide 24/7 revenues. Get a quote From motorists buying fuel and travelers wanting snacks, to last-minute shoppers needing an essential item or early birds chasing their daily newspaper, petrol stations can generate a constant stream of customers. This means buying a petrol station can be a solid business opportunity, however, petrol stations don’t come cheap. Whether you buy a franchise operation, or an independent station, the cost can be high – for example, a BP franchise will typically require a total investment of $2million by the time the franchise fee, startup costs and shop build-out are factored in. Few people will have the cash required to buy a Canadian petrol station, however, there are a range of loans available to fund the purchase and upfront costs. Read on to find out more about petrol station loans and how to get your next big business concept firmly on the road. What types of loan are available to buy a petrol station? Petrol station loans fall into two main categories:Commercial mortgages or franchise finance to fund a purchase and/or redevelopment costsCommercial mortgages function like a regular residential mortgage. The lender provides part of the cost to buy the petrol station, and they take a legal charge over the property as security. You pay back the loan over 20 – 30 years. This type of loan may also cover some of the initial build-out costs,...
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### Pub finance
> Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Read more and apply today.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/pub-finance/
- Business sectors: Business loans
Pub finance Canada is a mecca for pubs. With almost 3,900 establishments selling a diverse array of food and drink, the sector generated almost $2. 2billion in sales in 2022. Get a quote This figure is down on pre-pandemic levels, and with new and rising costs to cope with, the Canadian pub industry still needs financial support. Pub financing offers a choice of loans to fill the gaps in cashflow, pay for renovations, and bring pubs back to life. Instead of calling time at your local, pub loans can make your pub a hospitality powerhouse. What types of pub finance are available? Pub finance can be used to cover cashflow dips, buy inventory, refurbish premises, even buy a pub or join a franchise operation. Some pub loans can place a lump sum into your bank account within a matter of hours and repayment terms can range from one year or less for a cashflow loan, to many years for a commercial mortgage. Interest rates will vary according to the type of loan, the repayment terms, and the status of the borrower. Let’s look at the different types of financing available for your pub: Cashflow funding The hospitality trade can be very seasonal. Sales may rise and fall throughout the year. Cashflow loans can help pubs through the quiet times and are popular type of finance. Cashflow (working capital) loans for pubs include:Merchant cash advance: Pubs borrow against their customer card receipts. The loan is repaid as a percentage of monthly...
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### Shopify loans
> Shopify loans provide financial support for Shopify member businesses with two short-term loan products: Shopify capital loans, & Shopify merchant cash advances
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/shopify-loans/
- Business sectors: Business loans
Shopify loans E-commerce is a big business in Canada. In 2021, online traders generated $58billion in revenue. Get a quote One of the largest online platforms is Shopify, an e-commerce provider that hosts online stores for more than 150,000 UK manufacturers, retailers, artists, and charities. As e-commerce continues to expand, online businesses must naturally get bigger, but this can pose a problem for Shopify merchants who lack the funds to fuel growth. Fortunately, there’s a solution – e-commerce loans can give traders the cash they need to cover costs and expand their sales footprint. Read on to find out more about e-commerce loans from Shopify and a host of other lenders. What is a Shopify loan? Shopify loans provide financial support for Shopify member businesses. The platform offers two short-term loan products: Shopify capital loans, and Shopify merchant cash advances. US businesses may choose from either product, but for UK businesses, merchant cash advances are the only option. Note that Shopify merchants cannot apply for a capital loan or a merchant cash advance unless they receive an invitation from Shopify to do so. Let’s look at the way Shopify loans work: Get a quote Shopify loan structure Shopify determines available credit, fees, and interest rates on a case-by-case basis. The borrowed sum, fees, interest rate, and daily repayment rate are governed by the scale of merchant’s sales on Shopify and their risk profile. Generally speaking, the higher their sales on Shopify are, and the lower their risk profile is, the...
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### Construction loans and finance
> Canadian construction finance for a new build or redevelopment of an existing property to sell for a profit, use for your own needs, or rent out for income.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/construction-loans-and-finance/
- Business sectors: Business loans
Construction loans and finance Constructing a new building or re-developing an existing property to sell for a profit, use for your own needs, or rent out for income, can be a successful financial strategy. Get a quote Canadian property is almost always in demand. However, building buildings is not cheap. Large upfront costs to cover land, materials and labour will be incurred, and meeting these costs can put a major dent in any business cashflow. Fortunately, there’s a solution to this problem – meet the Construction Loan - a purpose-built financial product that lets you fund the cost of building without demolishing your bank balance. Borrow up to 75% LTV Competitive rates Terms up to 24 months Options for all construction loans What is a construction loan? Construction loans, (also known as development loans), are a type of bridging loan used to cover the costs of building new homes and commercial premises or re-developing existing residential and commercial properties. Construction loans may also be used to buy a plot of land to build on or purchase an existing property for re-development. Get a quote How do construction loans work? Constructing or re-developing a property is a capital-intensive task. Large upfront costs to pay for land, planning, construction materials and labour will be incurred. These costs must be met before the property can be re-sold or used to generate income. Additionally, because the property may not exist yet, (it’s a new-build), or it will undergo significant change, (re-development), it is very...
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### Auction finance
> Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Read more.
- Published: 2022-11-18
- Modified: 2024-12-19
- URL: https://swoopfunding.com/ca/sectors/auction-finance/
- Business sectors: Business loans
Auction finance Buying property at auction may speed up the buying process, let you pay a lower price, or give you the opportunity to purchase an unusual property. Get a quote Canadian property auctions move fast. Buyers must pay in full within a time frame that’s usually too short to get a traditional property loan. So, if you don’t have the cash to pay upfront, how can you buy at auction? The answer is auction finance – a fast and simple bridging loan that lets you buy with confidence at auction, then gives you time to re-sell for a profit or secure a long-term mortgage. Don’t miss out on bargains. Use an auction loan to be a winner when the hammer falls. Borrow up to 80% LTV Competitive rates Terms up to 24 months Approval in as little as 5 days What is auction finance? Auction finance is a type of bridging loan used to buy residential or commercial property at auction. Because auction houses usually require payment in full within 14 or 28 days of purchase (56 days if bought online), it can be difficult for some buyers to arrange a traditional property loan within this short time frame. Auction finance can cover this gap for 1 to 24 months, allowing the borrower to pay the auction house according to their rules, and sufficient time to re-sell the property or arrange a long-term mortgage to replace the auction loan. Get a quote What types of auction finance are there?...
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## Business insurance
### Business interruption insurance
> Business interruption insurance is business insurance that covers organisations for loss of income if they are unable to operate due to events beyond their control.
- Published: 2024-07-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-interruption-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business interruption insurance is business insurance that covers organizations for loss of income if they are unable to operate due to events beyond their control – such as severe weather, fire, or power outages. If the worst should ever happen, this type of insurance can provide a backstop to stop your business going under. Add a header to begin generating the table...
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### Why cyber insurance is your business's digital shield
> Data breaches, ransomware attacks, and phishing scams are just a few ways malicious actors can disrupt your operations. Learn how to prevent it here.
- Published: 2024-04-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cyber-insurance/why-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Ian Hawkins. Last reviewed on September 23, 2024. Next review due April 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. × Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic on subjects including data, cyber security, and entrepreneurialism. Twitter Linkedin Websiteweb_asset The criminals are working hard to get to your data. What are you doing to protect it? “An employee clicked on a dodgy link in an email on their home computer... the same computer they use to work from home. That exposed our database to cybercriminals and they basically wiped us out over a weekend. ”In today's digital age, businesses run on data - and if that data is lost, stolen or gets into the wrong hands, it can mean the end of your business overnight. Data breaches, ransomware attacks, and phishing scams...
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### Cyber insurance
> Cyber insurance is a type of business insurance that provides support if your business experiences a cyber attack or security failure. Learn more here.
- Published: 2024-04-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cyber-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It costs Canadian businesses an average of CAD $550,000 to recover from a cyber attack and 81% of organisations who suffer cybercrime are SMEs. The sad fact is, businesses are increasingly vulnerable to systems lock outs, data theft, malware, ransomware and many other types of digital crime. To protect themselves against these threats, many Canadian organisations now rely on cyber insurance –...
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### How much does employers' liability insurance cost?
> Premiums for employers’ liability insurance can range from $170 to $250, but just as no two US businesses are alike, no two insurance needs are the same.
- Published: 2023-12-22
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/cost-of-employers-liability/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Premiums for employers’ liability insurance can range from CAD $170 to CAD $250 per month, but just as no two Canadian businesses are alike, so no two business insurance needs are the same. The premium you pay will depend on your business type, the number of people you employ, and the risks attached to what you do or sell. Although the more...
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### What is employers' liability insurance?
> Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees should they be injured or unwell. Read more here.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/what-is-employers-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Defining employers' liability insurance Employer’s liability (EL) insurance is a type of business insurance that protects you and your employees, (including those who no longer work for you and some contract workers), should they be injured or become unwell as a result of working for your business. Add a header to begin generating the table of contents Do I need employers' liability...
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### What is product liability insurance?
> Product liability insurance (PL) protects companies, partnerships, sole traders and the self-employed from financial loss. Read all about it & get a quote.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/product-liability-insurance/what-is-product-liability/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Product liability insurance (PL) – also known as ‘product insurance’ - is a business insurance designed to protect companies, partnerships, sole traders and the self-employed from financial loss in the event that someone is harmed, or property is damaged due to the products that they supply. Add a header to begin generating the table of contents Do I need product liability insurance?...
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### What is business insurance?
> Business insurance protects organisations against losses incurred in their normal business activities. Read more here, and get a quote today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/what-is-business-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on December 21, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business insurance protects organisations against losses incurred in the pursuit of their normal business activities. Losses may arise through accidents, weather-related events such as floods or lightning strikes, or theft, malpractice, employee compensation claims, shipping risks, utility failures, and a host of other issues. Although business insurance cannot stop problems from occurring, it can replace what was lost, pay for interim arrangements...
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### Do I need public liability insurance?
> Public liability insurance is a good idea for almost every businesses, but it is key for those that interact with the general public or work for government.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/do-i-need-public-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance (PL) is a good idea for almost all businesses, (including sole traders and the self-employed), but it is essential for those that interact with the general public and work for local councils or central government. Some personal injury or property damage claims can run into the hundreds of thousands or even millions of pounds. If your business operations put...
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### Opticians insurance
> As a health provider, supporting the vision of many customers every day, your optician’s business is vulnerable to a set of risks. Get your cover today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/opticians-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset As a health provider, supporting the vision of many customers per year, your optician’s business is vulnerable to a unique set of risks. Business insurance for opticians is specifically designed to shield opticians from these unusual threats – delivering A to Z protection and reducing the possibility of catastrophic financial claims if things should go wrong. Add a header to begin generating...
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### Plumbers insurance
> No matter if you’re working in a commercial, residential or public space, the work you do plumber puts your business at risk. Learn more here.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/plumbers-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents can happen anywhere, anytime. Those that cause personal injury or damage to the property of the general public or your clients, customers, and suppliers as a result of the services your plumbing business provides could generate crippling compensation claims against you. Because accidents cannot be foreseen, plumbers’ public liability insurance is the only way to protect yourself and your business from...
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### Gardeners insurance
> Gardeners’ insurance is a term for the policies you can buy to protect your gardening business from many types of risk. Get cover from $10 a month.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gardeners-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset At first glance, a gardening business may seem like a quiet and safe profession. However, the reality is quite different. Heavy equipment, machine tools, sharp blades, changing weather and the occasional need to operate from ladders can make the industry one of the most hazardous to work in. Factor-in close proximity to customers and the general public and the potential for accidents...
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### Gas engineer insurance
> Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged. Get cover today
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gas-engineer-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Heating and gas engineer public liability insurance protects your business if someone is injured, or their property is damaged because of the services that you or your business provides. This essential cover, also known as PL or liability insurance, is designed to protect your heating and engineering business against compensation claims for injuries or property damage from a customer, passer-by, or a...
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### Bicycle shop insurance
> Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. Get cover today.
- Published: 2023-12-21
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/bicycle-shop-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Bike shops are unlike most other retailers. You’re selling, repairing and servicing wheeled vehicles that are used on the open road. As well as ensuring your store is covered for events such as fire, theft and accidents that take place at your premises, you must also protect your business from the financial impact of incidents that can happen many miles away. Bicycle...
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### Shop insurance
> Shop insurance is a term for a range of business insurances that can give retailers protection against almost every type of event. read more & get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/shop-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are hundreds of retail outlets in the US, and they sell everything from bed knobs and car parts to broomsticks and spices. However, despite this diversity, they have one thing in common – every shop needs shop insurance to protect them if the worst should ever happen. Add a header to begin generating the table of contents Why do you need...
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### Restaurant insurance
> Restaurant insurance is a term for a range of business insurance policies that can protect food businesses from financial loss. Read more & get a quote today.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/restaurant-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are tens of thousands of restaurants in the US, and they sell every type of food there is. However, despite this diversity, they have one thing in common – they all need restaurant insurance to protect them from financial calamity if the worst should ever happen. Add a header to begin generating the table of contents What is restaurant insurance? Restaurant...
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### Public liability insurance for events
> Public liability insurance for events can protect event organisers against claims from members of the public for injury, illness or damage. Learn more here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/event-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Everybody loves a good event, but if you’re the event organiser you face high business risk. Accidents can happen, errors can occur, and omissions can leave you promising more than you can deliver – all of which have the potential to create catastrophic financial impact for your business. Public liability insurance for events is designed to eliminate these worries, leaving you to...
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### Pub insurance
> Pub insurance is a term for a range of business insurance that can provide protection against almost every type of negative event. Read more & get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/pub-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset There are more than 9,700 pubs in the US, and every one of them offers a unique hospitality experience. However, despite this diversity, they have one thing in common - they all need pub insurance to protect them from financial calamity if the worst should ever happen. Add a header to begin generating the table of contents Why do I need pub...
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### IT consultant insurance
> Insurance for IT contractors and consultants can protect professionals from financial claims for data leaks, systems malfunctions, & more. Get a quote here.
- Published: 2023-12-11
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/it-consultant-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In an age when almost every business uses technology to function, the need for expert IT professionals to provide support has never been greater. However, while IT contractors provide the technical skills and IT consultants provide guidance and planning, they all have one thing in common – they’re vulnerable to potential compensation claims that could run into the many thousands or even...
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### Gym insurance
> The US is on a fitness boom and gyms and fitness businesses are busier than ever. Unfortunately, with this good news also comes some bad. Protect your gym here.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/gym-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter if they’re pumping iron to build muscle, swimming laps to lose weight, or playing sports for fun or competition, millions of US fitness lovers visit gyms and fitness centres every year. With such large numbers using these facilities, gym owners and operators need comprehensive gym insurance to offset business risk. Add a header to begin generating the table of contents...
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### Food insurance
> No matter if you operate a restaurant, a food truck, a delivery service, or you manufacture foods, you will need food insurance. Get cover here.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/food-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter what happens, people have to eat. Across the US there are thousands of businesses making, preparing, and selling food and drinks to millions of hungry and thirsty customers. The products these businesses sell may vary considerably, but they all have one thing in common – they’re at risk if anything goes wrong with the food or services they provide. To...
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### Consultants insurance
> Business insurance for consultants protects your businesses from third-party compensation claims for injury, loss or damage. Get cover today.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/consultants-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In industries as diverse as agriculture, antique art, finance and fibre optics, consultants provide the expert skills and knowledge that businesses cannot do without. However, even the best can make a mistake or miss an important detail, and sometimes those errors can come with expensive consequences. Fortunately, business insurance for consultants is available to reduce or eliminate this risk, protecting professionals from...
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### Carpenters insurance
> Many carpenters work in the construction industry where the potential for accidents, theft, and errors is high. Get your coverage here or talk to an expert.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/carpenters-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter how experienced a carpenter you are, or how diligent you are with safety, accidents and mistakes can happen any time. Most carpenters, especially sole traders and the self-employed, cannot afford to be out of work through injury, illness, property damage or lost equipment and tools. Add in the possibility of large compensation claims from people who say they have suffered...
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### Cafe insurance
> No matter if you run a café or a coffee shop, one thing is common: Accidents, mishaps, and errors can happen at any time. Get insured today.
- Published: 2023-12-08
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/cafe-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on December 8, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset The US’ coffee shop and café market was worth more than $48billion in 2022. Branded chains and independent operators now populate every high street, shopping mall, train station and airport, selling everything from a hot cup of joe to an exotic wrap or salad. However, the continuing success of this area of hospitality is also increasing business risk. More customers, more outlets,...
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### Shareholder protection insurance
> Shareholder protection insurance provides shareholders with the funds to buy shares from each other if one of them are unable to work. Get a quote here.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/shareholder-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Shareholder protection insurance can provide your business with a financial safety net if it ever lost a shareholder through serious illness, injury or death. This may be a scenario that nobody likes to think about, but it is still important to plan for. If a shareholder were to die without insurance, their stake in the business could be inherited by an unwelcome...
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### Relevant life insurance
> Relevant life insurance policies are single life, stand-alone ‘death in service’ plans. Learn all about this type of insurance, or get started with Swoop today.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/relevant-life-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many people, buying life insurance privately can be too expensive and pre-existing medical conditions may mean they cannot get cover. However, relevant life insurance is an individual policy that employers can offer to their directors and key employees to eliminate these issues. For organisations that have too few employees to qualify for group life cover, relevant life insurance can provide your...
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### Group private medical insurance
> Group private medical insurance is an employee benefit provided by businesses to their workers and is currently the top-rated perk in the US. Get a quote.
- Published: 2023-11-14
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-private-medical-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset With the healthcare system under growing pressure and waiting lists for treatments at an all-time high, many people in the US are considering private medical insurance. However, buying this protection as an individual can be expensive and certain medical conditions may be excluded. Instead, group private medical insurance is an affordable benefit that employers can offer to their employees, covering everyone in...
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### Group life insurance
> Group life insurance, also known as a ‘death in service benefit’, that employers offer to their workers whilst they work for the business. Get a quote today.
- Published: 2023-11-10
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-life-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In an uncertain world, it makes sense for most of us to have life insurance to provide a cash benefit to our family or dependants in the event that we should die. Unfortunately, for many people, buying life insurance individually can be too expensive and pre-existing medical conditions may mean they cannot secure cover. However, group life insurance is a blanket policy...
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### Group income protection insurance
> Group income protection insurance enables employers to pay employees a percentage of their income if they are off work for a long time. Read more here.
- Published: 2023-11-09
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/group-income-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Few employees could afford to be off work for an extended period due to injury or illness. The financial impact could be devastating. In the same vein, few businesses can afford to lose their important workers for many weeks or months. It hurts company morale, impacts productivity and drives up costs. This is why any business that employs other people needs group...
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### Executive income protection insurance
> Executive income protection insurance protects directors & key employees – safeguarding their earnings and preventing financial setbacks. Learn more.
- Published: 2023-11-09
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/executive-income-protection-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset For many business owners, especially those within small companies, being unable to work because they are injured or sick will usually mean a loss of some or all of their income. This can have life-changing impact, causing them to fall behind on mortgage payments, run up debts, run foul of the tax man, even lose their business. Fortunately, executive income protection is...
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### What's the difference between public liability and professional indemnity insurance?
> For many US SMEs, sole traders and the self-employed, having both public liability insurance and professional indemnity cover is essential. Read more here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/difference-between-public-liability-and-professional-indemnity/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance covers your business for third-party claims for personal injury or property damage caused by the services your organisation provides. Professional indemnity insurance protects your business from compensation claims arising from wrong or misleading information you may have published or provided to a client. Add a header to begin generating the table of contents How does public liability insurance work?...
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### How much public liability insurance do I need?
> The amount of public liability insurance you need depends on the industry and the size of your business. Read more here and speak to our experts today.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/how-much-public-liability-insurance-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset The amount of public liability insurance (PL) you need depends on the industry you work in and the size of your business. In most cases, the bigger your business is, the bigger potential claims may be. (Keep in mind that a claim for personal injury or property damage will usually be increased by legal fees and claims for medical treatment and loss...
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### What is public liability insurance?
> Public liability insurance is good for almost all businesses, especially those that interact with the public and work for local councils or the government.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/what-is-public-liability-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 1, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Public liability insurance is a type of business insurance that protects your organisation if someone is injured, or their property is damaged because of the services that you or your company provides. This type of cover, also known as PL or liability insurance, is designed to protect your business against third party claims for injuries or property damage from a customer or...
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### Public liability insurance
> Public Liability Insurance protects your organisation if someone is injured, or their property is damaged because your services. Read more & get a quote here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/public-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents that cause personal injury or damage to the property of the general public or your clients, customers, and suppliers as a result of the services your organisation provides, could have a huge financial impact on your business, or even close your business down. However, public liability insurance is designed to protect against this sort of risk - providing compensation to claimants...
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### Tradesman insurance
> Tradesman insurance is a term for a range of business insurances that protect trade professionals. Learn all about it & get a quote here.
- Published: 2023-11-01
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/tradesman-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No matter how experienced a tradesman you are, or how diligent you are with safety, accidents and mishaps can happen any time. Many sole traders and self-employed professionals who work with their hands, often at construction sites or other risky locations, cannot afford to be out of work through injury, illness, property damage or lost equipment and tools. Add in the possibility...
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### Warehouse insurance
> Warehouse insurance is specialist business insurance that can cover personal injuries, accidental & malicious property damage & more. Read more here.
- Published: 2023-10-31
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/warehouse-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Warehouses can be some of the most dangerous places to work. High shelving systems, moving forklifts and loaders, heavy goods vehicles going in and out, and a common round-the-clock work schedule all enhance the chance of injuries or property damage and raise the risk of expensive compensation claims. Fortunately, warehouse insurance can provide comprehensive cover to eliminate these risks, allowing warehouse operators...
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### Tool insurance
> Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery & equipment you take to jobs. Learn more here.
- Published: 2023-10-30
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/tool-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. From a spanner and a screwdriver to a laptop and a light meter, every business and professional needs tools to carry out their trade. Sometimes, this equipment can cost hundreds or even thousands of pounds and if it were lost, damaged or stolen, it could be difficult to replace and may even put your business in jeopardy. Fortunately, tool insurance is available to eliminate this risk. Buy it to protect your vital tools and equipment. Keep on working if the worst should ever happen. Add a header to begin generating the table of contents What is tool insurance? Tools insurance, also known as portable equipment cover, is a business insurance that protects the machinery and equipment you take from job to job. This includes things like hand and machine tools, generators, lighting rigs, tech devices, ladders, and testing equipment. The portable nature of these...
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### Construction company insurance
> Construction insurance provides cover if someone makes a claim against you, or your business suffers loss, theft or damage to your property. Get a quote here.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/construction-company-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset From building roads and major infrastructure, to constructing office blocks and private homes, the US construction sector is a round-the-clock, all-weather industry worth $billions every year. However, with big business, also come big risks, many of which have the potential to deliver large financial claims if things should go wrong. Fortunately, construction insurance is available to mitigate the risks. Use it to...
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### Third party liability insurance
> Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business. Learn more & get coverage here.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/third-party-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 30, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Accidents happen. There’s no getting round it. Nor the fact that they can bring crippling claims against your business if you cause personal injury or property damage to someone else. To eliminate this kind of risk, businesses buy third-party liability insurance – all-weather umbrella cover that can protect organisations from the financial storm if the worst should ever happen. Read on to...
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### Trade credit insurance
> Trade credit insurance is designed to reduce the risk of non-payment by a company’s customers. Get in touch today & get your trade credit insurance quote.
- Published: 2023-10-30
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/trade-credit-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on October 30, 2023. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Trade credit insurance (TCI), also known as accounts receivable insurance, debtor insurance, or export credit insurance, is a business insurance that compensates organisations if their customers fail to pay for supplied products or services. Non-payment may be because of bankruptcy, insolvency, or political upheaval in the countries where the trading partner operates. TCI can help businesses to protect their capital, stabilise their...
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### Business contents insurance
> Use business contents insurance to replace cash, and pay for new fixtures & fittings, equipment and stock if they’re damaged, lost, or stolen. Get a quote here.
- Published: 2023-10-27
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-contents-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Business contents cover is designed to replace the contents of shops, offices, restaurants, surgeries, garages, workshops and almost every other type of business in the event of fire, flood, theft, vandalism and accident. Use business contents insurance to replace cash, and pay for new fixtures and fittings, equipment, stock and samples, raw materials, and employees’ personal belongings if they’re damaged, lost, or...
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### Commercial van insurance
> Commercial van insurance is a type of business insurance that can cover your work vans and any personal contents you are carrying. Get your cheap quote here.
- Published: 2023-10-27
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/commercial-van-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Builders, butchers, bakers, candlestick makers – there are many types of business in Canada, but they tend to have one thing in common: They own a commercial van. It’s the vehicle that gets them to work, carries their tools, and takes their goods and materials from A to B. Keeping this vital business asset working is essential, which is why businesses should...
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### Occupiers' liability insurance
> Occupiers' liability insurance covers the occupier of a commercial premises against personal injury or property damage claims. Learn more & get a quote here.
- Published: 2023-10-20
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/occupiers-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. What is occupiers' liability insurance? Accidents happen. There’s no getting around that. However, if they happen on your business premises, you could be on the hook for compensation claims, legal and medical expenses and more. Occupier’s liability insurance is designed to eliminate these kind of risks. Let the policy take care of all the problems, while you carry on doing what you do best. Read on to find out more. Add a header to begin generating the table of contents Defining occupiers’ liability insurance Occupiers' liability insurance is type of business insurance that covers the occupier of a commercial premises against personal injury or property damage claims made against them by their customers, suppliers, or members of the public. This type of insurance product is also known as public liability insurance, and it’s a must for any business that comes into contact with the...
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### Subcontractor insurance
> Subcontractors’ insurance can cover everything from a sprained ankle or a scraped vehicle, to a major fire or total loss. Read more and get a quote here.
- Published: 2023-10-20
- Modified: 2024-11-27
- URL: https://swoopfunding.com/ca/business-insurance/subcontractor-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Because they are on the front line of any project, subcontractors and their teams are most vulnerable to financial loss caused by accident, personal injury, claims for property damage, theft of tools and materials, or business interruption. To protect themselves from these types of risk, subcontractors will buy subcontractors’ insurance. This is specialist cover designed exclusively for subcontractors and available with many different options to suit different business needs. Build a custom insurance package that protects your business from every eventuality. Add a header to begin generating the table of contents What is subcontractors’ insurance? Subcontractors are specialist tradespeople who supply their unique skills and tools to complete part or all of a project. Most subcontractors work within the construction industry, but they also support IT, telecommunications, research, the energy sector and more. Subcontractors’ insurance is an umbrella term for a range of policies...
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### Self employed insurance
> Self-employed workers include contractors, freelancers, gig workers and sole traders - reducing the risk to your business. Read more and discuss your need here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/self-employed-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset In Canada, there are over 2. 9 million self-employed individuals, engaging in a wide range of occupations such as plumbing, gardening, bricklaying, and roofing, as well as creative and artisanal pursuits like writing, acting, baking, crafting, and restoring classic cars. But just because they’re a one-man band, it doesn’t mean these individuals are immune to risk. If something goes wrong with the...
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### Professional indemnity insurance
> Professional indemnity insurance covers businesses and individuals that advise clients, provide them with vital information and more. Get a quote today.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/professional-indemnity-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Many individuals and businesses sell information and advice to their customers. Unfortunately, if that information is wrong or misleading, it can cause financial loss or other damage to their clientele. Claims for compensation can then cost thousands or even millions of pounds to settle. Instead, professionals and businesses exposed to this sort of risk will purchase professional indemnity insurance to protect them...
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### Business equipment insurance
> Business equipment insurance protects you from financial loss in the event that vital tools or equipment are lost, damaged, or stolen. Read more here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/business-equipment-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset What is business equipment insurance? Business equipment insurance protects you from financial loss in the event that the vital tools and equipment you use to carry out your trade or business are lost, damaged, or stolen. Suitable for companies, partnerships, sole traders, and the self-employed, business equipment insurance can protect portable tools, office equipment and contents, laptops, mobile phones, and machinery that...
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### Product liability insurance
> Product liability insurance can protect your business should the products you provide create a problem for your customers. Read more & get a quote here.
- Published: 2023-10-18
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/product-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No manufacturing process is perfect. Every business that designs, makes, or distributes parts, components, or finished goods runs the risk that the products they supply could harm someone or damage someone’s property. These injuries or damages could happen through no deliberate fault of your own, but a simple manufacturing flaw or workshop error could still make you and your business liable for...
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### Hired in plant insurance
> Hired-in plant insurance is an insurance that provides financial protection against the loss or damage of hired construction plant and equipment. Get cover.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/plant-machinery-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Big machines usually come with big price tags, and the cost of replacing or repairing lost or damaged rented construction equipment could be beyond many businesses, forcing them into bankruptcy. Fortunately, hired-in plant insurance is here to do the heavy lifting. Use it to protect the plant you hire. Eliminate the risk of a major financial malfunction. Add a header to begin...
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### Limited company insurance
> Limited company insurance is a term for a range of insurances that can protect businesses from financial loss. Speak to an experts today & get a quote.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/limited-company-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset No business is without risk and calamity can strike at any time, exposing your organisation to the potential of significant cost, even the possibility of closure. Limited company insurance is designed to eliminate the risk of catastrophe, protecting you, your employees, your customers, members of the public, and everything your business owns or uses should the worst thing ever happen. Add a...
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### Employers' liability insurance
> Employers' liability insurance protects you and your employees, should they be injured or become unwell as a result of working. Get a quote today.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/employers-liability-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset It only takes a moment’s oversight, or minor machine malfunction for accidents to occur at work. Unfortunately, the financial cost of these incidents can be anything but small. Employee compensation claims for work-related illnesses or injuries can often run into the tens or hundreds of thousands of pounds. Few Canadian SMEs could afford such a blow - which is why they are...
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### Do I need business insurance?
> Every organisations need business insurance, because risk is everywhere and problems usually arrive out of nowhere, giving you no time to prepare. Learn more.
- Published: 2023-10-17
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/is-business-insurance-a-legal-requirement/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset All organisations, including sole traders and the self-employed, need business insurance, because risk is everywhere and problems usually arrive without warning, giving you no time to prepare. Businesses that have contact with the general public, work for local councils or central Government, or operate in high risk-industries are especially vulnerable to major financial compensation claims if things should go wrong. Put simply,...
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### Invoice insurance
> The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out more and talk to an expert today.
- Published: 2023-10-13
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/invoice-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset How can I protect my business against bad debt? The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices. Find out all you need to know about invoice insurance With invoice insurance, a business pays a premium to an insurance provider, and in return, the insurer agrees to reimburse the business for a percentage...
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### What is personal guarantee insurance?
> Personal guarantee insurance is a form of insurance designed to protect business owners and directors who must provide a personal guarantee. Get cover here.
- Published: 2023-10-12
- Modified: 2024-11-06
- URL: https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/what-is-personal-guarantee-insurance/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Personal guarantee insurance (PGI) is a form of business insurance designed to protect business owners and directors who must provide a personal guarantee to the lender when their company takes out a loan. PGI typically covers a large percentage of the loan, and it pays out if the business defaults on their borrowing or becomes bankrupt. PGI has the double benefit of lowering financial exposure for the guarantors and making lenders more comfortable by providing an extra financial backstop in case things should go wrong. Add a header to begin generating the table of contents How does PGI work? When a business owner or director personally guarantees a loan, they are offering their private assets as security against the debt. Typically, this will include their home. If the business defaults and cannot repay the debt, the individual is personally responsible for the amount guaranteed...
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### What business insurance do I need?
> Available to all businesses and to cover almost any eventuality, business insurance is a valuable emergency lifeline, but what do you need? Learn it here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/what-insurance-do-i-need/
- Insurance type: Insurance guides
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on August 9, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Available to all businesses and to cover almost any eventuality, comprehensive business insurance is a valuable emergency lifeline. Use it to offset risk, create a financial cushion, and avoid the potential for disaster if the worst should ever happen. Add a header to begin generating the table of contents What is business insurance? Business insurance protects organisations against losses incurred in the...
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### Medical insurance
> Small Business Health Insurance provides access to private healthcare services to keep employees fit & well, keeping the business running. Get a quote here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/medical-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Employee illness or injury can sap the productivity and profitability out of any small organisation, and for sole traders and the self-employed, the impact can be devastating. Fortunately, Small Business Health Insurance is here to fix this problem – providing fast access to private healthcare services to keep employees fit and well and helping small businesses avoid the financial burden of extended...
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### Personal guarantee insurance
> Almost every Canadian business will need to borrow money at some point. Fortunately, this is where personal guarantee insurance comes in. Read more here.
- Published: 2023-10-12
- Modified: 2024-11-06
- URL: https://swoopfunding.com/ca/business-insurance/personal-guarantee-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on November 4, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Almost every Canadian business will need to borrow money at some point in its life. Unfortunately, unless the business has large assets, the lender will usually look to the business owner or directors to provide security for the funds. This means giving a personal guarantee and putting the owner’s or the director’s personal assets at risk. Without this kind of collateral, many lenders won’t make the loan. Personal guarantee insurance (PGI) is designed to reduce risk for business owners: The policy covers a large percentage of the loan. This delivers the double benefit of lowering financial exposure for the guarantors and making lenders more comfortable by providing an extra financial backstop in case things should go wrong. Add a header to begin generating the table of contents What is personal guarantee insurance? Personal guarantee insurance is a form of business insurance designed to protect...
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### Contractors insurance
> Available to all contractors and to cover almost any eventuality, comprehensive contractor insurance is a key emergency lifeline. Get a quote today.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/contractors-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Controlling the day-to-day oversight of a project, managing vendors and tradesmen, and communicating with all involved parties throughout the course of an assignment can be a big responsibility that’s often fraught with risks – accidents can happen, materials and technology can fail, bad weather can blow the roof right off your schedule. Any one of these events could cause lasting harm to...
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### Key person insurance
> Key person insurance is an insurance that protects organisations from the financial impact of the loss of a key individual. Read more and get a quote here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/key-person-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Many small and medium-sized Canadian businesses are owned and/or managed by just a few important people. These are usually board members, the managing director, and executive officers, but they could also be other valuable employees. Responsible for major decisions and steering the organisation’s growth and development, these individuals are the essential ingredients that no business can do without. But what happens when...
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### Commercial property insurance
> Commercial properties are typically the biggest assets any business has, cover yours was comprehensive commercial property insurance to protect this here.
- Published: 2023-10-12
- Modified: 2024-09-23
- URL: https://swoopfunding.com/ca/business-insurance/commercial-property-insurance/
- Insurance type: Insurance types
Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on September 23, 2024. Next review due April 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. × Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance. Linkedin Websiteweb_asset Commercial properties are typically the biggest assets any business has, but just like private residences, they can be damaged or destroyed through many different causes, creating the potential for a repair or replacement bill big enough to sink the business. Fortunately, there’s an answer to this dilemma. Available to all businesses and to cover almost any eventuality, comprehensive commercial property insurance is...
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## Our partners
### Dunbridge Financial
> ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach.
- Published: 2023-02-28
- Modified: 2023-02-28
- URL: https://swoopfunding.com/ca/our-partners/dunbridge-financial/
Dunbridge Financial Who are Dunbridge Financial? ‘Dunbridge Financial provides customer-first technology led, global money movement solutions to corporate customers with a global reach. Founded by a team with over 26 years of international payments experience, Dunbridge understands customer’s pain points, and how to solve them. Get started What can Dunbridge Financial help with? With an industry leading digital platform, and services that include foreign exchange, international payments, risk management solutions and invoice financing, Dunbridge Financial’s vision is a feature-rich financial services company that allows customers to operate and grow confidently. ’ Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### SRED Unlimited
- Published: 2022-12-02
- Modified: 2022-12-02
- URL: https://swoopfunding.com/ca/our-partners/sred-unlimited/
SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively for the purpose of assisting Canadian businesses maximise their additional resources by receiving refunds and tax credits available from the federal and provincial governments. Get started What can SRED Unlimited help with? SRED Unlimited has a proven track record of successful SR&ED tax credit claims for Canadian businesses. Its team of SR&ED tax credit experts does the heavy lifting of the claim preparation to ensure that you’re covering every potential dollar in tax credits and refunds. Equipped with industry-specific expertise, consultants at SRED Unlimited can identify SR&ED eligible work that often goes unnoticed. Claiming SR&ED tax credits and refunds has never been easier! Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### SRED Unlimited
- Published: 2022-12-02
- Modified: 2022-12-02
- URL: https://swoopfunding.com/ca/our-partners/sred-unlimited/
SRED Unlimited Who are SRED Unlimited? SRED Unlimited is a privately owned consulting company within Canada that was founded exclusively for the purpose of assisting Canadian businesses maximise their additional resources by receiving refunds and tax credits available from the federal and provincial governments. Get started What can SRED Unlimited help with? SRED Unlimited has a proven track record of successful SR&ED tax credit claims for Canadian businesses. Its team of SR&ED tax credit experts does the heavy lifting of the claim preparation to ensure that you’re covering every potential dollar in tax credits and refunds. Equipped with industry-specific expertise, consultants at SRED Unlimited can identify SR&ED eligible work that often goes unnoticed. Claiming SR&ED tax credits and refunds has never been easier! Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### Braithwaite
- Published: 2022-11-24
- Modified: 2022-11-24
- URL: https://swoopfunding.com/ca/our-partners/braithwaite/
Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the last 30+ years. Their in-house team of scientists, engineers, and developers tailor our services to increase SR&ED funding, lowering time spent on SR&ED writing, and allows their customers to use their time wisely on their research and innovation. With a 99% success rate and a trusted reputation with CRA, Braithwaite is your future partner with the SR&ED Tax Credit. Get started What can Braithwaite help with? Scientific Research and Experimental Development (SR&ED) refers to the systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis. SR&ED includes work undertaken by or on behalf of the taxpayer with respect to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research. If you operate within this space, Braithwaite may be able to support you in claiming your SR&ED tax credits. Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### Braithwaite
- Published: 2022-11-24
- Modified: 2022-11-24
- URL: https://swoopfunding.com/ca/our-partners/braithwaite/
Braithwaite Who are Braithwaite? Braithwaite Canada is one of the leading SR&ED Tax Credit Specialists in Canada for over the last 30+ years. Their in-house team of scientists, engineers, and developers tailor our services to increase SR&ED funding, lowering time spent on SR&ED writing, and allows their customers to use their time wisely on their research and innovation. With a 99% success rate and a trusted reputation with CRA, Braithwaite is your future partner with the SR&ED Tax Credit. Get started What can Braithwaite help with? Scientific Research and Experimental Development (SR&ED) refers to the systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis. SR&ED includes work undertaken by or on behalf of the taxpayer with respect to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research. If you operate within this space, Braithwaite may be able to support you in claiming your SR&ED tax credits. Get started /* widget: Form Advisors */ . title-modal-broker{ color: #003E52; }
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### Goodlawyer
- Published: 2022-11-22
- Modified: 2022-11-29
- URL: https://swoopfunding.com/ca/our-partners/goodlawyer/
Goodlawyer Who are Goodlawyer? Goodlawyer is a marketplace for founders who need specialized legal services at a price they can trust. They are 100% founder-focused, which means startup founders can expect VIP service based on the company they're trying to build, not the company they have now. Their lawyers are chosen specifically because they have expertise in startup-relevant legal work like startup financings, fintech compliance programs, and international IP commercialization. From MVP to Series B — Goodlawyer is the full-service legal solution your startup can count on. How can Goodlawyer help my business? If you are looking for legal advice when launching a business, protecting your digital assets or patenting your intellectual property, you need look no further than Goodlawyer. Get started How does it work? Step one Select your lawyer Start by signing up and booking a free initial consultation that will last up to 30 min. This is an opportunity to meet with your chosen lawyer to ensure it’s a good match. Step two Quote and kick-off Receive an upfront quote from your lawyer so you know the exact cost. Once you have confirmed the quote, your lawyer will get started! Step three The legal work Your lawyer will then begin the legal work to your exact requirements. You will also be able to use the message portal or book Advice Sessions (free for Pros) for progress updates, collaboration and clarifications with your lawyer. Step four Completion Upon completion, your project is delivered and payment is collected. Goodlawyer...
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## Start a business
### How to choose your title as a business owner
> Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you?
- Published: 2024-10-15
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-choose-your-title-as-a-business-owner/
- Start a business sectors: Starting a business
What’s in a name? Quite a lot it seems, as there are dozens of business titles to explain who does what within a business structure. Your business title can set you apart from other company employees, indicate special skills, even determine how much you get paid. But which is right for you? Let’s dig into the hierarchy of business titles to discover more. Get a quote What is a business title? A business title is a formal designation or a label given to an employee or business owner that reflects their role, responsibilities, and position within an organization. It helps internal and external observers define a person’s position in the business hierarchy, clarify what they do, and can communicate authority. What different business owner titles are there? When it comes to their title, business owners are spoilt for choice:Owner: The Owner has full legal and financial control of the business. This title reflects the individual's ultimate authority over decision-making, operations, and ownership of assets within the company. CEO (Chief Executive Officer): The CEO is the highest-ranking executive in a company, responsible for making major decisions and setting strategy. They report to the board of directors and are in charge of overall operations. CEOs are typically employees of larger businesses and may or may not own any share of the business. Founder: The Founder is the person who originally established the company. This title reflects their role in starting the business, though they may or may not be involved in day-to-day...
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### How to start a retail business
> Starting a retail business can be an exciting venture. With good planning and execution, you can find success and meet your target market's needs. Read more.
- Published: 2024-05-30
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-start-a-retail-business/
- Start a business sectors: Business ideas
Starting a retail business can be an exciting venture. With proper planning and execution, you can find success and meet your target market's needs. While getting your retail business up and running is no easy feat Swoop is here to provide insights toward profitability, and how we can support you on this journey. Get a quote Is a retail business profitable? A retail business can be highly profitable if a good location is chosen and management meets the needs of the market demand. Factors that are important in determining whether a particular retail business is profitable include; Selecting a viable nicheBuilding strong vendor relationshipsPracticing efficient management of inventory Keeping operational costs down While competition can be tough in many cases, creating a good business plan and using smart marketing strategies can better your chances in many cases. Consider, for example, a small boutique for environmentally friendly fashion. With growing awareness and the disposition of consumers toward more sustainable goods, such a niche can draw a loyal customer base willing to pay premium prices. Good inventory management keeps the boutique flowing with bestsellers, with the lowest overstock to minimise waste. Good vendor relationships mean better prices and access to exclusive goods. Market demand and trendsMarket demand and trends can work both for you and against you. While you need to stay ahead of trends and be attentive to market demand, you also need to not let it constantly sway your decisions. It's all about striking the right balance. Retail businesses that...
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### Open a pizza shop
> Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. Learn more and get started.
- Published: 2024-05-29
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/open-a-pizza-shop/
- Start a business sectors: Business ideas
Starting a pizza shop is an exciting journey that brings the joy of making delicious food and the challenge of running a business. But there is a process that demands attention no matter your experience. At Swoop our aim is to help you understand what it takes to open a successful pizza restaurant, from the initial idea to opening day. Get a quote What is a pizza shop? A pizza shop, or pizzeria, specializes in making and selling pizzas. These establishments can offer various styles, such as thin crust, deep-dish, and wood-fired pizzas, often accompanied by salads, pasta, and beverages. Pizza shops range from small, family-run places to large franchises with multiple locations. What do I need to start a pizza shop? You’ll need a few things before you can get started running your pizza shop including:Business plan: A detailed outline of your business strategy. Funding: Money to cover startup costs and ongoing expenses. Location: A strategic spot where there’s demand for pizza. Licenses and permits: Legal approval to operate. Employees: Staff to manage daily operations. Equipment: Ovens, mixers, and other kitchen essentials. Supplies: Ingredients and packaging materials. Marketing: Strategies to attract and keep customers. Step-by-step guide on how to open a pizza shop Turning your dream of owning a pizza shop into a reality requires strategic planning and thoughtful execution. From the initial brainstorming and securing the right location, to obtaining funding and ensuring legal compliance, each step plays a crucial role in building a successful pizza business. Here’s...
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### Graphic design business
> Setting up your own graphic design business can be an exciting prospect. Here’s everything you need to know about how to start a graphic design business.
- Published: 2024-05-13
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/graphic-design-business/
- Start a business sectors: Business ideas
Setting up your own graphic design business can be an exciting prospect. But it’s crucial that you understand exactly what’s involved to make sure you’re fully prepared and to help increase your chances of success. Here’s everything you need to know about how to start a graphic design business. Get a quote Why start a graphic design business? Running your own business has several benefits. As well as enabling you to be more flexible about the hours you work, you’ll also be able to pick the projects you want to work on. Graphic design is a diverse field and can be a great option for self-employed individuals. So if you’re an experienced graphic designer and fancy working for yourself, setting up a graphic design business could be the perfect solution. As part of this, you’ll need to think about the area you want to work in. For example, you could work in branding and help businesses with logo designs and colour schemes, or you might want to work in layout and print design for magazines and newspapers. You could also consider graphic design for packaging, advertisements, websites or even for videos and animations. Steps to opening a graphic design business: Decide on a nameYour first step is to think of a name for your business. You want to think of something that’s easy to remember and spell, but you also want to make it clear to potential customers what type of business you run. Additionally, you must make sure your...
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### Start a bakery
> How can you get the bakery you’ve always wanted to own? Read on to discover all you need to know about starting a bakery business and get started.
- Published: 2024-03-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/start-a-bakery/
- Start a business sectors: Business ideas
The Canadian baked foods market is worth around $5 billion and demand for bakery products is continuing to rise. With more and more customers seeking healthier, organic or specialist baked foods, the future of independent retail and wholesale bakeries has seldom looked so good. However, although bakeries can be great businesses – typically delivering profit margins of 15% and giving owners an average personal income of $66,000 per year – starting your own bakery is not without its challenges. You’ll need premises to work from, employees, funding, permits and licenses, plus a good marketing angle and an enticing range of products. So how to do this? How can you get the bakery you’ve always dreamt of owning up and running? Let’s find out. Read on to discover all you need to know about starting a bakery business. Get a quote 1. Choose a bakery style The first thing you need to decide is what kind of bakery to operate. There are two basic models – retail bakeries and wholesale bakeries. Retail bakeries sell direct to consumers, usually as a storefront, but more often in a café environment where customers can sit down to eat a light meal or drink a cup of coffee. Wholesale bakeries sell to businesses – such as grocery stores, restaurants and hotels. In Canada, wholesale bakeries represent 25% of all bakery businesses, but they capture 88% of industry revenues. Retail bakeries may be best for entrepreneurs who want to sell more creative, bespoke and artisan products,...
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### Open a liquor store
> Suppose your dream is to own a liquor store. Read how do you get there, what hurdles must you cross and most importantly, what will it cost? Get started.
- Published: 2024-03-19
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/open-a-liquor-store/
- Start a business sectors: Business ideas
The old saying goes that no matter what the economy is doing, people still have to eat and drink – and judging by forecast liquor sales of billions in 2024, drinking alcoholic beverages is also a necessity. Get a quote With sales of liquor expected to grow every year for the rest of this decade, opening a liquor store may seem like a slam dunk – and if you do your homework right it can be. However, liquor stores are among the most regulated retail businesses in Canada, with laws covering every aspect of the operation. Add in expensive inventory, strong competition, high licensing costs and increasingly savvy customers and it doesn’t take much imagination to see that operating a liquor store can also be hard work. But let’s suppose your business dream is to own your own liquor store no matter what. How do you get there, what hurdles must you cross and most importantly, what will it cost? Let’s find out. Read on to discover all you need to know about opening a liquor store. How do I start a small liquor store? Opening a small liquor store comes with the same fundamentals as opening any kind of store, you can either start from scratch with a brand-new business, or you can buy an existing liquor store with an established customer base. However, that’s about as far as the similarities go, because opening a new liquor store or taking over an existing store can be one of the...
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### Start a brewery
> With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing each year. Read more and apply here.
- Published: 2024-03-18
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/start-a-brewery/
- Start a business sectors: Business ideas
With over 1,300 breweries producing millions barrels of beer annually, the Canadian craft brewing industry is growing year on year. However, that doesn’t mean it’s all plain sailing for budding beer entrepreneurs. Stiff competition from the majors and more small breweries opening every year is making it tough for new craft brewers to gain a toehold. But what do you do if your heart is set on owning your own beer-making business? How do you start a craft brewery and succeed in a crowded market? Like many things in life, it begins with a plan. Here’s all you need to know to give your new brewery the perfect head start: Get a quote What do I need to start a brewery business? First of all, to understand the basics: What is a craft brewery? To be classed as a craft brewery, your business can make no more than six million barrels per year. Your business must be an independent business with no more than 25% owned by a member of the alcoholic beverage industry who is not a craft brewer. The majority of the beverages you make must be beers with flavors derived from the fermentation of traditional or innovative brewing ingredients. For example, flavored malt beverages are not considered beers. So now we know what a craft brewery is, let’s look at the steps you need to take to launch one. Apply now Starting a brewery in 7 steps You don’t need experience in the beer-producing industry to start...
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### Restaurant
> If you're looking to open a restaurant, look no further. Here’s a rundown of the key things you need to know before you take the plunge & become a restauranteur
- Published: 2024-03-15
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/restaurant/
- Start a business sectors: Business ideas
After slumping during the pandemic, the Canadian restaurant industry quickly regained its strength and saw growth return in 2021. So, does this mean it’s a good time to open that restaurant you’ve always wanted? It could be. However, opening a new restaurant is not easy. It takes creativity, patience and dedication to succeed. Most of all, you’ll need a solid plan to get you there. With this in mind, here’s a rundown of the key things you need to know before you take the plunge and become a restauranteur. Get a quote How to open a restaurant: Step by step There are already more than 97,000 restaurants across Canada, and competition for leisure dollars has never been higher. If you’re going to make your restaurant a success you’ll need a novel concept, a great marketing plan, first-class location, terrific food and a reason for people to come back again and again. 1. Choose a restaurant concept and brandFrom your location to your restaurant décor, menu, marketing, even your pricing policy, your restaurant concept influences your whole business. Do your research before settling on a theme. What kind of cuisine is already available where you intend to operate? Is there a gap that nobody else is filling? Can you build a successful business within that niche? Additionally, you might want to consider the operating style of your potential competitors. Can you offer something that they don’t have? For example, if your area is full of casual diners, is there room for...
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### How to get a loan to start a business
> So how does a startup loan work and what do you need to do to get one? Read more here and find out all there's to know about getting a loan to start a business.
- Published: 2024-03-15
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-get-a-loan-to-start-a-business/
- Start a business sectors: Starting a business
Thousands of new businesses were launched in Canada in 2023 and the pace of entrepreneurship shows no sign of slowing down. Doing your own thing in business is clearly the way to go. Many of these budding businesses used personal savings and funds from friends and family to get off the ground. But what do you do if you don’t have cash to hand and no personal sources to finance your great idea? Startup business loans are designed to help new organizations get up and running. More readily available from online lenders than traditional banks and credit unions, these specialized forms of financing can make all the difference when launching a new company, giving entrepreneurs the critical funding they need to get their business through the early months and years. So how do startup loans work and what do you need to get one? Read on to find out all you need to know about getting a loan to start a business. Get a quote What are the different types of startup business loans? There are many types of startup business loan. Interest rates, fees and terms and conditions can vary significantly. This means it is important to review all the options before settling on a deal. Here's a rundown of the best startup loans to support your new venture Term loansThis is the most common startup business loan. You receive a single, lump-sum cash injection and then pay it back in regular instalments over a fixed period of up...
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### Laundromat business
> Normally, it'll cost $200,000 to $500,000 to launch a mid-size laundromat. Learn all about the costs, or apply for finance with Swoop here.
- Published: 2024-03-01
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/laundromat-business/
- Start a business sectors: Business ideas
Laundromats are a strong and steady industry, supported by a growing population and more people living in apartments and condos where in-home laundry facilities are becoming rarer. The fact is, people need clean clothes and if they can’t do them at home, laundromats are the only game in town. Get a quote However, opening a successful laundromat is no slam dunk. On average it costs $200,000 to $500,000 to launch a mid-size laundromat – and that’s one without all the bells and whistles, such as pay-by-card machines, wash/dry/fold/press services, vending machines and TV facilities to keep your customers entertained. On top of this are your day-to-day running costs, wages to employees, essentials like insurance and the constant need to maintain the machines that produce your income. All in all, launching a laundromat is not something you can do for a few thousand dollars – especially in the early days of your startup. But where does all the money go? Let’s dig into the facts to find out what it costs to open a laundromat. How much does it cost to open a laundromat? How much you spend will be influenced by what type of laundromat you wish to operate. Do you start from scratch in a new location, buy or rent an existing laundry business, or go the franchise route? If you start from scratch, you can create a laundromat exactly as you want it depending on your budget, but you’ll have to build your customer base from zero. If...
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### Vending machine business
> Vending machines are the stores that never close. Read all there's to know about starting a vending machine business and your finance options here. Get started.
- Published: 2023-11-07
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/vending-machine-business/
- Start a business sectors: Business ideas
Vending machines are the stores that never close. Open 24/7 for the sale of food, drinks, candy, toys, and more, they’re a fast and convenient way to buy the things we need. They’re also profitable, low maintenance and suitable for investors seeking passive income or a part-time or full-time business venture. But if you’re new to the world of vending machines, how do you start your own vending machine business? What kind of equipment do you need, what do you sell, where do you sell, and what does it all cost? Read on to discover all you need to know about starting your vending machine business and where to get the funds to get it off the ground. Get a quote What is a vending machine business? Vending machines are standalone cash or card-operated devices that sell a wide range of products to consumers. A vending machine business is an organisation that manages one or more of these machines – usually as the equipment owner, but sometimes as a franchisee. Vending machines can be found in many different locations, from airports and strip malls to colleges and theme parks. Dispensing candy, sodas, snacks, healthy foods, tech equipment, beauty products and more, these machines can provide a low-cost entry point to a lucrative business opportunity. The Canadian vending machine market was valued at $289. 3 million in 2023 and billions of items are dispensed from vending machines every year. Vending machine operators are responsible for purchasing or renting the machines, finding...
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### How to start a small business
> Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider to get your business off the ground. find out more here.
- Published: 2023-07-12
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/how-to-start-a-small-business/
- Start a business sectors: Starting a business
Starting your own business can be an exciting and rewarding experience. But there’s a lot to consider and you’ll need to be prepared to put in the work to get your business off the ground. Get a quote Part of this will involve writing a business plan, deciding on the legal structure of your business and getting funding to help your business expand and grow. So, take a deep breath, grab a cup of tea, and check out our comprehensive guide that covers all you need to know about how to start a small business. Why start your own business? There are multiple reasons why you might want to start your own business. Perhaps the most attractive one is that you get to be your own boss. This means you can work more flexibly, pick your own hours and decide what type of work you want to do. Going it alone can mean you get to focus on something you’re interested in while also having a varied role. One minute you could be dealing with suppliers, the next you could be tackling accountancy spreadsheets. Working for yourself can also be very profitable, provided you have the right business idea and the right mindset. To give yourself the best chances of success, you’ll need to give some serious thought to the type of business you want to run. Think about what you’re interested in as well as what you’re good at. Do people regularly come to you for advice about certain...
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### Transport business
> If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/transport-business/
- Start a business sectors: Business ideas
If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take and help you understand how to start a transport business. Get a quote Why start a transport business? Demand for transport services is high right now. A shortage of HGV drivers and high fuel costs mean that many clients are desperately looking for suppliers to transport goods around Canada and on the continent. That means that if you have experience in the haulage industry and fancy being your own boss, it could pay to set up your own transport business. Be warned, however, that it is also a competitive industry, so it’s crucial to do some research and take steps to keep your costs low to increase your chances of success. What are the steps to opening a transport business? If you’re thinking about opening a transport business, below are the key steps to follow to get your plans off the ground. Step 1. Identify your niche First of all, you need to decide what sort of service you want to offer. You can, of course, operate in a number of areas, but it’s generally better to establish a particular niche at the start to help you stand out from your competitors and perhaps attract more specialist clients. Some examples to think about include waste disposal, parcel delivery, and vehicle transport, but there’s a whole range of alternative options. Make sure...
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### Nursery business
> Do you have a background in childcare and fancy running your own nursery? This guide will explain everything you need to know about starting a nursery business.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/nursery-business/
- Start a business sectors: Business ideas
Do you have a background in childcare and fancy running your own nursery? This comprehensive guide will explain everything you’ve ever wanted to know about how to start a nursery business. Get a quote Why consider starting a nursery? Running your own nursery business can be a highly rewarding experience. After all, you’ll be heavily involved in children’s early development and can help to give them a good start in life. Demand for new childcare settings is also high. With more parents going back to work after having a baby, and as new government schemes are introduced to help parents with costs, demand for nurseries is going up all the time. Of course, starting your own business also means you get to be your own boss, so once your business is up and running, you might have more flexibility in choosing your working hours. So, if you have a love for children’s learning and development, you’re good at managing people and you’re capable of managing everything from looking after children to marketing to bookkeeping, starting a nursery could be the perfect solution. Are nurseries profitable? Running a nursery can be profitable but it needs to be managed well. Startup and running costs can be very high which means you need to find ways to keep costs down and boost your profit margin. Your nursery premises will likely be your biggest expenditure and prices will vary depending on your location and the type of premises you’re buying or renting. You might...
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### Moving and removal business
> If you fancy running your own business and you prefer being physically active to sitting at a desk, setting up a removal firm could be right up your street.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/moving-and-removal-business/
- Start a business sectors: Business ideas
If you fancy running your own business and you prefer being physically active to sitting at a desk all day, setting up a removal firm could be right up your street. But before you go ahead, there are a number of important points to consider. This short guide aims to cover everything you need to know about how to start a moving business. Get a quote Decide what services you want to offer A key part of getting your business up and running is to give some thought to the type of services you want to offer. Some of the options open to you include:Man and van If you’re one person working on your own, a man and van service could be the most suitable choice. These services are typically more popular with those on a lower budget and all you’ll need to do is drive the van and help your clients load and unload their items. Self-loadAgain, this service tends to be most attractive to clients looking to keep costs down. Plus it’s even less work for you. You simply drive the van from A to B, while your customers load and unload it. Home removalsIf you’re looking to start a larger business, a home removals service might be more appropriate. This type of service will be more expensive, so you’ll earn more, but you’ll need to find a business partner or hire staff to help you. Commercial removalsYou could also think about helping businesses to move to a...
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### Makeup business
> Starting your own makeup business means you’ll be able to start your own brand. Also, it gives you the freedom to set your own prices & sell in-store or online.
- Published: 2023-07-12
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/makeup-business/
- Start a business sectors: Business ideas
If your interests lie in beauty and cosmetics, you might be thinking about starting your own makeup business. Whether you’re thinking of launching an online store or you’d prefer to sell your products through distributors, a physical store or independent consultants, this guide explains all you need to know about how to start a makeup business. Get a quote Why launch a makeup business? Launching your own makeup business means you’ll be able to start your own brand. It also gives you the freedom and flexibility to set your own prices and sell products in-store or online. Plus, it could enable you to follow your dream and work in a business you’re really passionate about, while also having the benefit of being your own boss and working the hours that suit you. What types of businesses are available in cosmetics? There are lot of options to explore when it comes to starting your own cosmetics business. It’s important to choose a suitable niche to focus on as this will help you build a brand, find your target market, and stand out from the competition. When weighing up your options, you want to think about whether your brand will fill a product gap in the market, or whether it’s going to be a new version of a popular classic. Make sure you carry out some market research first to assess whether there will be sufficient demand. Some of the areas to think about include:Traditional makeup products: This includes mascaras, lipsticks, foundation,...
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### Farming business
> Is it your dream to run your own farm? This guide takes you through the necessary steps to help you understand how to start and finance a farm.
- Published: 2023-07-12
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/farming-business/
- Start a business sectors: Business ideas
Is it your dream to run your own farm? If so, you’ll need to have the relevant experience and be prepared to put in the work to boost the chances of your farm being profitable. This guide takes you through the necessary steps to help you understand how to start a farm. Get a quote Why consider starting a farm? You might want to start a farm if you like the idea of working for yourself and enjoy spending a lot of time outside. Although farming can be challenging, if you plan well, it’s possible to earn a decent profit. What’s more, there’s a wide range of different farming types to choose from. You could consider poultry farming, vegetable farming or dairy farming, for example. You could also think about growing cereals such as barley, oats and wheat, or fruits such as apples, strawberries and raspberries. Is farming profitable? Farming can be profitable, but you need to plan carefully. The covid-19 pandemic hit farming incomes hard and they have struggled to recover. That said, figures from the Office for National Statistics (ONS) show that Total Income from Farming (TIFF) in England for 2021 was £4. 3 billion, an increase of 17. 7% from 2020. As well as the pandemic, the farming industry has also been affected by extreme weather, such as heavy rain or prolonged dry spells in recent years, as well as Brexit. Farming can be unpredictable so you need to ensure your farm is resilient, that you’re producing...
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### Gym business
> If you’re a fitness professional and fancy running your own gym, it’s important to understand what’s involved, the costs, and how you’ll finance it.
- Published: 2023-06-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/gym/
- Start a business sectors: Business ideas
If you’re a fitness professional or personal trainer and you fancy running your own gym, it’s important to understand exactly what’s involved, how much it’s going to cost you and how you’ll finance it. Read this guide to find out everything you need to know. Get a quote What are the steps to opening a gym? Opening a gym requires a lot of work, but the steps below can help get you started:1. Check you have the right qualifications and skills2. Research licensing3. Find the right premises4. Consider insurance5. Acquire gym equipment6. Hire staff7. Market your gym 1. Check you have the right qualifications and skillsTo run your own gym, you’ll need to have good people skills and be prepared to work long hours. Remember that most gym users will have jobs of their own which means they’ll often want to work out in the early morning or evening. You’ll also need a minimum of a Level 2 qualification as a fitness instructor which you can complete in-person or online. You and any employees should have adequate safety training and you’ll need an appropriate number of first aiders on site too. It’s important to familiarise yourself with the Health and Safety at work etc Act 1974 and The Management of Health and Safety at Work Regulations 1999. 2. Research licensingMake sure you understand what licensing you’ll require. This will depend on the range of activities you plan to offer. For example:If you plan to sell or prepare food on the...
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### Consulting business
> Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. Find out here.
- Published: 2023-06-19
- Modified: 2025-02-26
- URL: https://swoopfunding.com/ca/start-a-business/consulting-business/
- Start a business sectors: Business ideas
Curious to know how to start a consulting business? It’s important to have a clear understanding of what it involves and how to finance it. This guide takes you through the necessary steps to help you get set up. Get a quote What is consulting? Consulting is the process of providing expert advice to people working in a professional or technical field, in return for a fee. Consultants specialise in a niche industry or trade. They are experts in their field and must have valuable knowledge that people are willing to pay for. As well as giving advice, a consultant might offer feedback, strategy building and problem diagnosis. They work to help businesses become more successful and can offer a new perspective to help businesses overcome certain challenges. Consultancy or contractorConsultants and contractors both work with businesses, but they work in different ways. Contractors are self-employed workers that are contracted by companies to provide certain services. Consultants are hired to provide expert advice and might be self-employed or employed by a consulting company. However, it’s also possible for consultants to be asked to provide a service in a contractor-type role. Types of consulting businesses: There are several different types of consulting businesses, as we explain below:1. Management ConsultingThis is the most common type of consulting. If you go into this line of work, you’ll work with business leaders to help their companies run smoothly. You might assess certain processes and help them to implement new ones, for example. You might...
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### Landscaping business
> If you enjoy working outside and want to be your own boss, setting up a landscape business could be an option to explore. Read more here.
- Published: 2023-06-19
- Modified: 2025-02-28
- URL: https://swoopfunding.com/ca/start-a-business/landscaping-business/
- Start a business sectors: Business ideas
If you enjoy working outside and are keen to be your own boss, setting up a landscape gardening business could be an option to explore. This guide explains everything you need to know about how to start a landscaping business. Get a quote Why start a landscaping business? Working for yourself has a number of benefits. For a start, you’ll have more flexible working hours and you’ll be able to choose the projects you want to work on. If you’re also someone who likes to work outside, rather than sit at a desk all day, and you enjoy being creative, a landscape gardening business could be a good match. However, you will need to be prepared to work hard and be happy to work all in weather conditions. You’ll also need to have training in lots of different areas, including stonework, paving, draining and irrigation and decking, and have a good knowledge of plants. If you don’t have the required skills, it’s best to take a course at a horticultural college before you start. What equipment is required? To enable you to easily travel to different clients, you’ll need to invest in a reliable vehicle. You’ll also need to invest in a range of tools and other equipment. Try to buy good-quality tools so that they last well and remember that your vehicle will need to be large enough to contain them. Tools and equipment to think about include:LawnmowerTrailerHedge trimmerStrimmerSpreaders and sprayersLeaf blowerEdgerShovels, spades and forksRakeHosesMarking and measuring toolsBasic carpenter’s...
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