Finance Archives - Evolocity Financial Group
When to Apply for Business Financing

When to Apply for Business Financing

You’ve done the research, you found out if you qualify, and you’re ready to apply for business financing – but is now the right time? This is a question we hear from our merchants on a daily basis and as a business owner, you’ve likely already asked yourself the same thing. What Factors Should I…

How Much Working Capital Does Your Small Business Need to Survive?

How Much Working Capital Does Your Small Business Need to Survive?

Every business, no matter the size, needs to have working capital on hand or at least easily accessible.  You’ll need to use it for inventory purchases, salaries, emergencies and everything in between. As it’s such an integral component of any business, it’s important to understand it and how it applies to yours. What does working…

Does My Business Qualify for Financing?

Does My Business Qualify for Financing?

Women receive less than 16% of all venture capital funding, yet companies with women in leadership roles outperform their male counterparts by 15%. As unbalanced as this may be, getting financing today is easier than ever for women entrepreneurs thanks to the many options available. However, the sheer number of choices can be overwhelming if…

How To Leverage Short-Term Financing

How To Leverage Short-Term Financing

Small businesses all have one thing in common, they all experience periods of unpredictability. What a large corporation sees as a speed bump, a small business sees as a sinkhole. Because it is difficult for small businesses to keep large amounts of cash on hand; short-term financing options give them the ability to get the…

5 Ways Improve Your Canadian Small Business Credit Score

5 Ways Improve Your Canadian Small Business Credit Score

Credit scores, those pesky numbers you don’t think all too much about until you need to rely on them. From leasing a new space, applying for a business loan, or even switching cell phone carriers, your credit score will impact your ability to complete these business activities. A strong credit score is your key for…

Small Business Strategy: Borrowing from Future Credit Card Sales

Small Business Strategy: Borrowing from Future Credit Card Sales

How a Merchant Cash Advance Can Give Your Businesses Flexibility Merchant cash advances have been around for over a decade, yet a lot of small business owners are still often unaware of how this specific lending product can help grow their business. Compared to a traditional business loan, a Merchant Cash Advance allows the business…

Is Your Small Business Up-To-Date With Consumer Payment Methods?

Is Your Small Business Up-To-Date With Consumer Payment Methods?

What Your Small Business Needs To Know About Customers & Payment Processing Systems Over the past decade, especially these past few years, we have seen a major shift in the way consumers choose to pay. You’re much more likely to see someone buying groceries with their phone than a check – even debit cards are…

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…

Canadian Government Opportunities for Small Businesses

Canadian Government Opportunities for Small Businesses

There’s no doubt that small businesses are an integral part of Canada’s economic landscape. The government agrees and does their part to lend a hand. In this post, we will highlight some of the ways the government can help your business as well as where to look for these opportunities. Government Grants Government grants are…