Tag: small business credit cards

CEBA loan repayments put 8,000 small Saskatchewan businesses “at risk”: CFIB

Some small businesses in Saskatchewan are at risk of closing by the end of next year.

That is a projection being made by the Canadian Federation of Independent Business (CFIB) following a recent survey by member businesses in the province.

The deadline for the Canada Emergency Business Account (CEBA) loan is due at the end of this year. Many small businesses just won’t be able to repay it by that time.

Having to find, in some cases, up to tens of thousands of dollars could mean small business make the choice to close.

Brianna Solberg, the director of legislative affairs

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10 Best Small Business Loans of 2023

JLco - Julia Amaral / Getty Images/iStockphoto

JLco – Julia Amaral / Getty Images/iStockphoto

Small business owners can often benefit from taking out a loan or line of credit to cover operating costs, bridge cash flow gaps or fund other things like marketing, production and growth. Since many types of small business loans exist, each with a different purpose and requirements, it’s important to consider your options carefully before choosing one. With that in mind, here are the best small business loans in 2023 and what you need to know about them.

10 Best Small Business Loans

Each of the following lenders has been chosen based on

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NIST Launches Cybersecurity Initiative for Small Businesses

For small organizations, the current cyber threat landscape is brutal. While big-name breaches steal the headlines, small businesses suffer the most from ransomware attacks. Additionally, other studies reveal that only half of all small businesses are prepared for a cyberattack. In the face of these challenges, NIST is creating a new initiative to help.

To help smaller organizations face the growing cyber threat, NIST recently launched its Small Business Cybersecurity Community of Interest (COI). Here’s how this new association can help your organization move forward with a cyber readiness plan today.

Small Businesses Need Cybersecurity Now

It’s far past time

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250K Canadian small businesses risk closure as CEBA deadline looms

The Canadian Federation of Independent Business (CFIB) is sounding the alarm as the deadline for repaying Canada Emergency Business Account (CEBA) loans gets closer.

CEBA was a financial assistance program introduced during the pandemic to help small businesses stay afloat with loans of up to $60,000. The deadline for paying off this loan is December 31, 2023.

“For eligible CEBA borrowers in good standing, repaying the balance of the loan on or before December 31, 2023, will result in loan forgiveness of up to 33% (up to $20,000),” reads the CEBA website.

The CFIB says that this deadline must be

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KWIECINSKI: Toronto small businesses need construction relief now

Published June 02, 2023 • Last updated 2 days ago • 3 minute read

Queen St construction
Looking eastbound and westbound along the construction corridor that will shut down Queen St. East and West for the next four-and-a-half years to accommodate the building of a section of the Ontario Line subway project on Tuesday May 16, 2023. It is only open to pedestrian traffic. Photo by Jack Boland /Toronto Sun/Postmedia Network

Toronto has witnessed the havoc that lengthy construction projects wreak on small businesses. The Eglinton Crosstown Light Rail Transit (LRT) project has been under construction

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Small Business BC receives over $3.6 million to help grow small businesses beyond BC

The Government of Canada is making investments to champion small businesses and support their export journey

VANCOUVER, BC, June 2, 2023 /CNW/ – British Columbia’s small businesses are the heart of our communities and the economic engine of our province. To continue fueling the entrepreneurial spirit of British Columbians, the Government of Canada is making investments to support more small businesses in BC and introduce them to the world.

Small Business BC receives over $3.6 million to help grow small businesses beyond BC (CNW Group/Pacific Economic Development Canada)

Small Business BC receives over $3.6 million to help grow small businesses beyond BC (CNW Group/Pacific Economic Development Canada)

Today at the 20thth annual Small Business BC Awards, the

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The CanadianSME Small Business Awards 2022, presented by Google, celebrated the best of Canadian small and medium-sized enterprises (SMEs) at a gala event held

Published May 29, 2023 • 4 minute read

MISSISSAUGA, Ontario, May 29, 2023 (GLOBE NEWSWIRE) — The prestigious event attracted over 400 businesses from across Canada, demonstrating the strength, diversity, and resilience of Canadian SMEs. It was not only a platform for recognition but also for networking and collaboration, facilitating shared growth and learning among

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Should You Hire a Consultant for Your Small Business?

As a small business owner, you may want to do it all, from managing staff to overseeing your product line. And you may be the person who personally signs every check your business issues and pays the credit card bill every month.

But that doesn’t mean you can’t benefit from the perspective of an outside professional. And so you may be at the point where you’re thinking of hiring a consultant to assess your business and make recommendations for improvements.

Of course, the only real downside to going this route is the cost involved. But if you’re willing to make

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