Tips on How to Take Your Restaurant on the Road with a Food Truck

Canadians love food trucks. Though we initially lagged behind our neighbours to the south when it came to restaurants on wheels, in recent years food trucks have flourished in Canada and become a mainstay of festivals, special events and everyday urban life. The rise of food...

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Summer Construction Survival Tips for Small Businesses

Most cities in Canada have two seasons: winter and construction – or so the saying goes. We asked our Toronto team how small businesses adapt during the construction season and wanted to share the details with you to help your business succeed. Our Conversation with Lendified’s...

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How Creative Agencies can Benefit from Business Loans

Canada’s creative economy is growing. Yet compared to their counterparts in the technology sector, creative agencies often struggle to find adequate sources of financing and working capital. While there are ample funds available for tech startups via investors, crowdfunding and...

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Crowdfunding vs. Small Business Loans

Crowdfunding has proliferated in recent years, with platforms like Kickstarter and Indiegogo making the news alongside celebrity-backed projects and high profile startup success stories. During this time, scores of online platforms have emerged offering small business owners...

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Should You Buy or Lease Equipment for Your Business?

To buy or to lease – that is the question. Many small business owners find this a hard one to answer. Read on as we explore how equipment leasing stacks up purchasing the equipment outright. Pros of Leasing Equipment Conserve working capital: Purchasing...

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10 Tips For Small Businesses Using QuickBooks

QuickBooks is absolutely essential accounting software. Nearly every small business owner uses it because it simplifies bookkeeping. This doesn’t mean QuickBooks is easy to use. It requires some practice and can be challenging for even the most experienced among us. However,...

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Things you should know about Merchant Cash Advances

A merchant cash advance (also known as a business cash advance) is one of many alternatives available to small business owners in need of capital quickly. But what exactly is a merchant cash advance – and is it right for your business? Read on as we break down and weigh...

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Why You Need a Business Loan (Not a Personal Loan) for your Business

We’ve all heard the sayings about “mixing business with pleasure,” warning that business and personal matters could be a risky combination. This is especially true when it comes to finances. It’s not uncommon for Canadian small business owners to look to personal loans for...

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How Restaurant Loans can be the Secret Ingredient to your Restaurant's Success

The restaurant industry has a reputation for being a tough but exciting one to work in – this is especially true for the small business owners behind it. In addition to a passion for food and considerable knowledge of the hospitality business, another key ingredient is needed...

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Claire from Boutique Diamonds shares her story and advice for small business owners

Add caption We had the pleasure of interviewing Claire, the founder of Boutique Diamonds to learn about her experience as an entrepreneur. Claire has used Lendified to help grow her business and we are proud to share her story below. Interview with Claire from Boutique...

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P2P Lending: Is a Peer-to-Peer Loan Right for Your Business?

P2P Lending: Is a Peer-to-Peer Loan Right for Your Business? P2P (short for peer-to-peer) lending refers to a model that connects investors with borrowers – both individuals and businesses – via an online marketplace. P2P lending is also commonly known as marketplace lending...

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Equipment Leasing vs Online Equipment Loans

Do you need equipment for your business? Whether you need new equipment to take advantage of an opportunity or to replace broken or obsolete equipment, it is important to understand the options available today. For years, equipment leasing has been the go-to option for business owners who want to avoid the large upfront cost of purchasing equipment....

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How to Improve Your Small Business Credit Score

Your small business credit score is important. Credit bureaus begin collecting information about your business from day one, using this data to generate reports that impact your ability to get business financing, such as a small business loan. Here are some ways to establish...

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The Art of The Ask: How to Create a Compelling Case for Business Loans

Do you think a business loan could help your company grow? Help your small business grow by creating an excellent case for growth financing. Whether you're looking at growth financing or seed financing, securing a loan can be one of the most stressful parts of starting...

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8 Questions to Ask when Applying for Small Business Loans Online

In today's internet-savvy world, applying for a small business loan has transitioned from a complicated in-person process to an easy online application. Not all online lenders are equal though. Here are eight questions to ask when considering applying for a loan over the internet. Does the online lender have a secure website? A lender that...

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Retail Store Business Loans

Are you a retailer in Canada looking to take advantage of an opportunity to grow your business or simply bridge the gaps between your cash flows? A business loan from Lendified may be the ideal option for you. Business Loans for Retail Stores The retail industry is an...

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5 Ways To Use Small Business Financing

At Lendified, we are often asked what our loans can be used for. This is understandable since some forms of small business financing in Canada come with restrictions. However, we allow you to put your money toward anything you need to grow your business. Here are 5 examples...

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