Featured on Smarter.Loans: Canada Small Business Financing Loans vs. Merchant Cash Advances

Female business owner on the phone while preparing 2020 business tax filing

Small businesses in Canada have a number of funding options to choose from, including government-funded programs like the Canada Small Business Financing Program, bank loans, and alternative funding from direct online lenders such as merchant cash advances.

Each type of funding has different application requirements and approval criteria, and is best suited for a different use. If you’re focused on operating and growing your business, it can be difficult to understand what type of funding is best for your needs, and even harder to figure out what documents you need to compile to usbmit your application.

To help you determine what funding is right for you, we compared Canada Small Business Financing Loans to merchant cash advances in our latest article for Smarter Loans, an online lending resource in Canada.

Read the full article to learn more about:

  • The Canada Small Business Financing Loan program, including what are Canada Small Business Financing Loans, funding amounts and terms, who is eligible, rates, and who should apply.
  • What merchant cash advances are, maximum funding amounts, eligibility requirements, fees, and who should apply.
  • Which funding option is best for your business
Read the full article
Author:
With over 25 years’ experience in financial services, Pamela Kohl has worked closely with banks, alternative finance, and other fintech platforms to develop core banking services, as well as establish new card programs, lending programs, and global payments platforms. She has been nationally recognized for creating innovative solutions, leveraging new markets, and developing winning strategic partnerships. Currently, Pamela serves as Vice President of Marketing at Greenbox Capital. Pamela earned a B.A. from Marshall University, summa cum laude, and M.A. in International Economics from the University of Miami, where she graduated with Distinction.