Business Loan Archives - Evolocity Financial Group
6 Alternative Small Business Financing Options

6 Alternative Small Business Financing Options

Keep Your Small Business Growing, Without Going to the Bank Small businesses have loads of options available to them when it comes to financing. However, none of the options are one-size-fits-all. Finding the best alternative funding sources for your business can be tricky. Each borrowing option available to small business owners will come with its…

Online Small Business Loans: Why So Many Companies Are Opting In

Online Small Business Loans: Why So Many Companies Are Opting In

Gone are the days when doing your banking online seemed like risky business – Canadians are confident online. In fact, in 2015, Canada’s internet use was the highest in the world, with residents spending an average of 36.3 hours online every month. With all this time spent connected, it only makes sense that Canadian business…

How Getting a Small Business Loan Has Changed

How Getting a Small Business Loan Has Changed

As we’ve noted in past posts, online small business loans have changed, a lot. As the banking and Fintech industries have shifted online, so has the process of obtaining a loan. No longer is your business forced to wait months to find out if it’s eligible for financing; gone are the days of speculating what…

4 Essential Factors in Securing a Small Business Loan

4 Essential Factors in Securing a Small Business Loan

Time is money, and it’s the major reason more and more small businesses are gravitating towards online business loans. Online lenders have a much easier application process and faster funding turnaround compared to traditional financing options. Thinking of applying for a small business loan online? Being armed with the right information before even starting your…

Common Small Business Loan Myths

Common Small Business Loan Myths

Before Evolocity came on the scene in 2008, the only way to get financing for your small business was through a lengthy bank process. As the new kid on the lending block, business owners were naturally a little skeptical about getting their financing online from a fintech company that wasn’t their bank. Things have changed a lot…

Is Your Small Business Ready For the Canadian Winter?

Is Your Small Business Ready For the Canadian Winter?

As the temperature begins to drop, so do profits for many Canadian businesses. From what we know, it seems we’re in for one of the longer and snowier winters we have seen in the last few years. It’s a reality we have all come to terms with, but it’s a reality nonetheless. Stores see a…

Avoid These 3 Small Business Cost-Cutting Mistakes

Avoid These 3 Small Business Cost-Cutting Mistakes

Every small business owner knows at one point or another, funds get tight. Cutting costs may seem like the logical way to scale things back and keep the business profitable. However, cutting costs isn’t without risk as trimming spending in the wrong places can end up hurting your business more than helping it. Over the…

Should I choose a Merchant Cash Advance or a Loan?

Should I choose a Merchant Cash Advance or a Loan?

Having options is always great, or is it? There are so many financing options now available to small businesses that when the need for extra funds arises, it can all seem a bit overwhelming. We’ve already addressed the different kinds of small business loans available in Canada and what you’ll need in order to apply…

Questions you should be asking when getting an online small business loan

Questions you should be asking when getting an online small business loan

Almost all business owners are familiar with Canadian small business loans, yet are often apprehensive about sourcing these products online. It’s normal to have questions before entering into a financial agreement, especially one involving your bread and butter. Throughout the course of this post, we will look at some frequently asked questions Evolocity gets from…