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The 4 Big Challenges Facing Family-Run Businesses in Canada

The 4 Big Challenges Facing Family-Run Businesses in Canada

Family-run businesses come in all shapes in and sizes, from behemoths like Molson Coors and Bombardier with close to 100,000 employees combined, all the way to the mom and pop shop on the corner of your street. In fact, 80% of all businesses in Canada are family owned. Running a family business comes with a…

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Already Thinking About The Holidays? You Should Be.

Already Thinking About The Holidays? You Should Be.

Summer just ended and we’re already getting into holiday mode, crazy right? Not at all. Business owners across the country are starting to ramp up operations to get ready for their busiest time of the year. The most wonderful time of year Winter is typically a tough time for Canadian businesses. Customers opt to stay…

RELEASE | Evolocity Receives Significant Increase to Senior Banking Facility with Bank of Montreal (BMO)

RELEASE | Evolocity Receives Significant Increase to Senior Banking Facility with Bank of Montreal (BMO)

Evolocity Financial Group Adds Funding Capacity; Significant Increase to Senior Banking Facility with BMO High Demand for B2B Lending Products Driving Growth Montreal, Quebec – September 13, 2018 – Evolocity Financial Group, a leading financial technology company providing business loans and merchant cash advances to small and medium-sized Canadian merchants (“SME”), today announced that it…

Online Lending in Canada: A Look Back

Online Lending in Canada: A Look Back

Evolocity Financial Group is celebrating our 10th anniversary this year and we have been doing a lot of reminiscing. The conversations tend to go the same way as we dive into the drastic changes our industry has gone through over the last decade. You might be surprised to hear about how different things were back…

The Resources Your Female-Led Business Has Been Looking For

The Resources Your Female-Led Business Has Been Looking For

It’s 2018, being a successful business owner shouldn’t depend on your gender – but it does. Female entrepreneurs are faced with hurdles all along their entrepreneurial journeys. Unfortunately, resources to help businesswomen in Canada are lacking and securing working capital is difficult. The ecosystem is still growing; if you know where to look, the support…

The Women Founders Fund – What Does It Mean to You?

The Women Founders Fund – What Does It Mean to You?

The Evolocity offices have been buzzing since we launched the 2018 edition of the Women Founders Fund. There’s no questioning the impact the fund has had on its recipients, but seeing how meaningful it is to our employees is just as gratifying. We spent some time chatting with members of the team to get their…

We’re Back! – The 2018 Women Founders Fund

We’re Back! – The 2018 Women Founders Fund

A few years back, we started noticing a very concerning trend in the lending space, women were experiencing significant hurdles when trying to secure financing. The gap between male and female led business was too large for Evolocity Financial Group to ignore, something had to be done. In 2016, we launched the Women Founders Fund…

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…