Merchant Growth Facilitates CEBA Forgiveness for Canadian Restaurants
Merchant Growth
by Andrea Marek
1M ago
While the pandemic brought about a great deal of uncertainty and stress, in particular for small business owners in Canada, the Canadian Emergency Business Account (CEBA) program provided some relief to restaurants during those exceptionally challenging times. Through this program qualifying businesses could get up to $40,000 in funding, in addition to a $20,000 increase that was later made available, providing a total of up to $60,000 in relief funding to help businesses stay operational. Now that the loan is coming due soon, businesses should strongly consider the incentive offered by the fe ..read more
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Unsecured Business Loans Canada: What You Need to Know
Merchant Growth
by Andrea Marek
2M ago
Your business needs capital to continue to grow, and now you’re investigating your options in order to find the right funding structure for your small business. One of the major points to consider is whether a loan with or without collateral is the best option. Learn more about the differences between an unsecured business loan and a secured business loan and how Merchant Growth can help you with our quick and convenient financing solutions. What is a secured business loan? With a secured business loan, if a borrower defaults, or in other words, cannot pay back the amount of money borrowed, th ..read more
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Merchant Growth Secures $300 Million Forward Flow Facility with Fortress Investment Group to Refinance CEBA Loans
Merchant Growth
by Andrea Marek
3M ago
VANCOUVER, BC, Dec. 6, 2023 /CNW/ – Merchant Growth, a leading provider of financing for small businesses, is proud to announce a $300 million forward flow facility provided by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”) with Raymond James serving as the financial advisor to Merchant Growth Ltd. This facility supports Merchant Growth’s plan to refinance thousands of Canada Emergency Business Account (CEBA) loans, enabling small businesses to capitalize on the partial debt forgiveness opportunity offered by the federal government. The Canada Emergency Business Acco ..read more
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Small Business Loans BC: Everything You Need to Know
Merchant Growth
by Andrea Marek
3M ago
Small business is a major part of British Columbia, representing 98 percent of all businesses in the province, with approximately one-in-ten British Columbians being entrepreneurs of some kind. With that many businesses who are looking to get access to BC small business loans can feel like an uphill battle, either because you’re not sure where to start, concern over rejection from financial institutions, or not knowing all of the options available to you. Whether you run a business in the city, up in the mountains, or along the coast, getting a business loan in BC doesn’t have to be complicate ..read more
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Case Study – The Moving Store
Merchant Growth
by Andrea Marek
4M ago
Small Business Case Study: The Moving Store Background Quality, experience, and customer service With over 40 years in operation, The Moving Store have helped tens of thousands of customers in the Greater Toronto Area with all of their moving supply needs. This inlaces everything from boxes, bubble wrap, packing peanuts, and rentals and sales of moving trucks, as well as truck rental. Additionally, they prioritize the use of environmentally responsible products, while also ensuring they have quality items that will stand up to the moving process. Moving is one of the most stressful experiences ..read more
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Working Capital Loan and Cash Flow Financing for Small Businesses
Merchant Growth
by Andrea Marek
5M ago
At its core, running a business involves managing your outgoing expenses with the incoming revenue your business generates, your cash flow, and the money your business is left with after that subtraction of all bills and operational costs, your available working capital. As you can see, although the terms are sometimes used interchangeably, cash flow and working capital, while related to each other, are indeed separate financial components. Moreover they are terms that all small businesses need to have a clear understanding of. In this blog we’ll help provide clarity to what is cash flow vs wo ..read more
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Everything You Need to Know About Alternative Lenders in Canada
Merchant Growth
by Andrea Marek
6M ago
Alternative Lending in Canada: Alternative to What? Reading the word “alternative” likely brings up the question “what is the standard or conventional option?” For most small business owners who are not able to use their own personal funds, or perhaps raise money from friends and family, or who cannot or do not wish to max out their business credits, the first place that they will turn is their financial institution. Companies that offer alternative loans in Canada offer online platforms to facilitate the financing process, and leverage a wide range of technology. How Long Has Alternative Lend ..read more
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Merchant Opportunities Fund Increases BMO Credit Facility to $100 Million
Merchant Growth
by Andrea Marek
6M ago
Merchant Opportunities Fund Increases BMO Credit Facility to $100 Million VANCOUVER, BC, Aug. 21, 2023 /CNW/ – The Merchant Opportunities Fund, a Vancouver-based private debt fund focused on investing in specialty finance portfolios, today announced that it has increased its revolving debt facility with the Bank of Montreal (“BMO”). The facility now consists of a $70 million funding commitment with a two-year term along with a $30 million accordion, with a Schedule 1 bank being added to the now syndicated facility. The Merchant Opportunities Fund invests in proprietary specialty finance portfo ..read more
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Fast Business Funding: Quick and Convenient Capital for Your Needs
Merchant Growth
by Andrea Marek
8M ago
Small business owners wear a lot of hats and often take on multiple roles within their businesses, which means that they are consequently always on the go. This means that when it comes to their financing needs, any excess time spent applying for financing or waiting to hear back from a financier means time away from running the business and potential growth. Access to fast cash for small business can mean the difference between keeping operations regular in the event of unforeseen circumstances, or it can also mean the ability to take on new projects and grow your business. Easy business fund ..read more
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Merchant Growth Announces Strategic Partnership With Loop, Acquires Small Business Loan Rights From Lending Loop
Merchant Growth
by Andrea Marek
9M ago
Merchant Growth Announces Strategic Partnership With Loop, Acquires Small Business Loan Rights From Lending Loop VANCOUVER, BC, June 13, 2023 /CNW/ – Merchant Growth Ltd. (“Merchant Growth”), together with its funding vehicle, Merchant Opportunities Fund Limited Partnership, is pleased to announce an exclusive partnership with Loop Funding Inc. (“Loop”) to become the dedicated financing provider for small business customers of Lending Loop (Loop’s small business lending platform). This strategic move will ensure a seamless transition for Lending Loop’s customers, who will continue to receive e ..read more
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