Borrower Story — Convenient Business Solutions Inc.

Meet Audrey Charles Audrey Charles is an ambitious and successful Canadian entrepreneur. From a young age, she was passionate about owning her own small business. “I started out really early as an entrepreneur,” says Audrey. With years of experience in industries such as property management, accounting, design/development and optical engineering, Audrey founded Convenient Business Solutions …

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Incorporating a Business in Canada — Everything You Should Know

Without a doubt, all business owners have considered incorporating their business at one point or another.  While incorporating your business certainly provides many advantages, it also comes with its fair share of disadvantages, so it’s important to consider how incorporation will impact your business. The good news is that you can change the legal structure …

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How Financial Statements Help You Make Better Business Decisions

As a passionate and committed business owner, you spend hours delving into the detail of your business’ financial health. Even though it can be stressful, it’s important to be on top of your business’ finances, as your business relies on the decisions made based on information obtained from your financial statements. Reviewing your financial statements …

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How to Dispute Errors on Your Business Credit Report

We all make mistakes. After all, we’re only human. But if that human mistake negatively affects your creditworthiness (in other words, your credit score), you are going to have a difficult time running your business. These errors can either occur in your personal or business credit report. This is when you file a dispute. By …

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5 Tips to Maintain a Healthy Credit Score For Your Business

As a small business owner, you are probably busy trying to grow your business or considering different financing options to do so. You figure a business loan will help you achieve your goals, but you’re unsure of how your business credit score will affect your chances of getting the funding you need. Don’t worry, we …

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What’s the Difference? Secured vs. Unsecured Business Loans

The goal of owning and operating your own small business isn’t just about providing value and service, but to expand it over time, generate revenue, and be your own boss. Doing so, from the very start, is not cheap. You need to cover the cost of equipment, employees, inventory, and have the capital ready for …

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What is Credit Card Utilization?

There are many factors that influence your credit score which can positively or negatively impact your ability to attain fair and affordable financing. While your payment record may be stellar, your credit card utilization is also factored in and represents approximately 30% of your credit score calculation. If your utilization is low, it can help your …

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