Small Business Financing in Canada – Part 4: Private Investors

Welcome to Part 4 of our series on small business financing in Canada. This week, we’ll cover Private Investors. In case you missed the other parts, we’ve already covered Crowdfunding and Government Grants, and The Banks. Today, we’ll discuss different types of private investors and whether they are viable sources of financing for owners looking to grow …

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Small Business Financing in Canada – Part 3: The Banks

Welcome back to our coverage on small business financing in Canada. This week, we’ll cover an option most people are familiar with: The Banks. In case you missed them, we’ve already covered Crowdfunding and Government Grants. In Canada, we are fortunate to have a large and stable financial system. Globally, the Canadian banking system is considered one …

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3 Ways to Start Planning Now for the Ontario Minimum Wage Increase

If you haven’t heard about the minimum wage hike in Ontario, you haven’t heard about the biggest wage hike in the province’s history. By January 1st 2018, the minimum wage is planned to go up to $14, and by Jan 1, 2019, $15. It’s at $11.40 today, which means over the next 2 years the …

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Small Business Financing In Canada – Part 2: Government Grants

Welcome to Part 2 of our Small Business Financing in Canada series. Last week we covered crowdfunding. Another financing source which can help you launch, grow, and scale a business is government grants. Today, we’ll provide an overview of some of the options and important details to keep in mind as you begin your search …

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Small Business Financing in Canada – Part 1: Crowdfunding

It’s hard to keep track of the many options for financing a business. We often hear business owners asking what type of financing is available in Canada – and which one is most suited to their needs? We wanted to help provide some clarity into the options that are out there. The environment is complex, …

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Press Release – Lending Loop Launches as Canada’s First Regulated P2P Lender

Canada’s first peer-to-peer lender, Lending Loop, has opened its doors after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators. The company today launched its platform to investors and small businesses across the country. The launch follows extensive efforts by the company’s founders to chart the course for peer-to-peer lending in Canada. …

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The Most and Least Challenging Business Functions

At Lending Loop, we’re focused on helping Small and Mid-sized Canadian Businesses (SMEs) grow. Small businesses are the backbone of the Canadian economy. In fact, SME’s account for over 99% of the total 1.1 million employer businesses operating in Canada and employ nearly 90% of Canada’s private sector workforce. While running a business can be incredibly …

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Lending Loop, peer-to-peer, lending

Empowering People – Welcoming Innovation (Addressing The Sharing Economy)

Lending Loop’s CEO, Cato Pastoll, recently joined Mr. Hudak in announcing Sharing Economy 2, a Private Member’s Bill that addresses regulatory challenges faced by companies that operate in the sharing economy. This bill specifically focuses on Fintech which has become a rapidly growing industry in Canada. Unfortunately, Fintech in Canada continues to face an uphill …

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OPEN LETTER: Lifting the Veil on Peer-to-Peer Lending in Canada (By NCFA Canada)

On behalf of the National Crowdfunding Association of Canada (NCFA), its members and affiliates, we would like to highlight the urgent need for governments and regulators to actively promote the growth and development of Canada’s nascent peer-to-peer marketplace lending (P2P Lending) industry to unlock potential benefits for borrowers and investors. 10 Facts about P2P Lending: …

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