With the January deadline for refinancing Canada Emergency Business Account (CEBA) loans approaching, many small businesses find themselves at a crossroads. The decision to refinance is not one to be taken lightly; with almost $50 billion in CEBA loans across nearly 900,000 companies, and only 28% of CEBA borrowers have fully repaid their loan, there’s […]
Merchant Growth
Vancouver’s Merchant Growth Offers Lifeline to Small Businesses Struggling with CEBA Loan Repayments
Thousands of Canadian small businesses are in financial jeopardy as they approach the deadline to repay Canada Emergency Business Account (CEBA) government loans obtained during the pandemic. As of June, only one-fifth of the nearly 900,000 approved businesses have repaid their CEBA loans. While the government has offered an opportunity for businesses to refinance their loan […]
BNPL Is Here To Stay, and Canadian B2B Is Jumping On Board
Nearly two years since the first nationwide COVID-19 lockdown, the Canadian economy is finally starting to claw its way back to pre-pandemic levels. It’s been a slow and exhaustive process for many, but particularly demoralizing for businesses and the entrepreneurial spirit. COVID-19 has transformed our perception of the economy, altered major elements of our daily […]
Tabit Is Canada’s First B2B Buy-Now-Pay-Later Solution at Point-of-Sale
Vancouver’s Tabit is bringing the consumer check-out experience to the business-to-business (B2B) space. Tabit is Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale (POS). Launched by Merchant Growth, Tabit helps provide small businesses with flexible and easily accessible payment options by integrating a credit offering at point-of-sale. Tabit addresses a gap in the alternative lending […]
Fintech Lender Provides Webinar To Help Small Business Tackle E-commerce
COVID-19 has drastically affected businesses of all sizes across the globe as business owners were forced to close their doors, some of them for good. As the small businesses that survived struggle to reopen at minimal capacity and climb back up to pre-pandemic numbers, many are reevaluating their business models and wondering if e-commerce is […]
Merchant Growth Launches E-commerce Financing During COVID-19
According to Adobe Digital Insights, digital commerce jumped 49% in April and e-commerce companies experienced Black-Friday-like sales boosts as the COVID-19 pandemic drove traditionally offline economic activity online. To take advantage of this unprecedented rise in e-commerce, Vancouver’s Merchant Growth has launched an e-commerce financing platform to help support Canadian businesses. The fintech startup expedited […]
Canadian Businesses Need a Rent Subsidy
I’ve had a front row seat in watching disruption in the small business industry for the past 11 years. From the effect of the crash in oil prices on Alberta’s small businesses to the steady growth of e-commerce to the detriment of brick and mortar retail, nothing prepared us for this. COVID-19 has brought an […]