Which Financing Options Are Right For You?
When it comes to finding financing, small and medium-sized businesses in Canada can turn to a wider variety of sources and options than ever before.
Why? Small and medium-sized enterprises are among Canada's leading job creators, exporters and innovators. Small and medium-sized enterprises (SMEs) are a hot growth sector.
- There are now over 2.3 million SMEs in Canada with 100 employees or less and 90% have fewer than five employees
- SMEs are leading the country in economic growth, responsible for half of all private sector employment and many new jobs
- Canada's venture capital funds pumped a record $1.8 billion into existing high-growth businesses, including over 300 start-ups
- The value of SME exports now exceeds $24 billion annually
- Knowledge-based businesses, such as computer software and biotechnology, are the fastest growing SME sectors with revenues increasing at 16%-33% a year
Canadian lenders and small business investors are adopting innovative products and approaches to woo this fast-growing sector. Many financial institutions across the country now have small business lending divisions, and new financial products and services are being announced on a regular basis.
Before talking to anyone about financing, though, you'll likely have lots of questions about information a lender or investor will need and which financing methods best suit your business goals.
That's what this Definitive Small Business Financing Q&A is all about. Check out the options to explore the financing options that are right for your business.
- Financial Institutions
- Niche Financial Services
- Private Investors & Venture Capital
- Going Public
- Government Sources
Or go directly to a list of all the questions found in this Financing Q&A
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