On September 14, 2023, the Canadian government announced that as of January 18, 2024, any CEBA loans that have not been repaid, will automatically become a 3-year term loan at 5% interest, and access to the forgivable portion will be lost. In this scenario, you will...
Unleash the Power of Canadian Digital Adoption Program In today's rapidly evolving digital landscape, Canadian businesses must harness the power of technology to stay competitive. Thankfully, the Canadian government has introduced the Canadian Digital Adoption Program...
Empowering Businesses At PFG Financial, we understand that success in business often hinges on having the right tools at your disposal. When we were starting out, a generous act of kindness made all the difference in our journey to success. Now, we're paying it...
And what the FICO is up with your score? ‘What’s the BIG DEAL about credit scores?’ you might ask. If you have to ask, yours might be a BIGGER DEAL than you “aren’t” imaging! If you're self-employed, it's CRUCIAL to keep your credit score above 650 if you plan on...
One bank is now adding up to 60% of the net business income to the personal income of self-employed individuals to calculate the mortgage amount they qualify for! Even better is that this applies to income properties too!! It's a great way for self-employed people to...
Understanding the interest equation from the banking perspective is easy: Fast-moving inflation = fast-rising interest rates How better to discourage borrowing and spending but to raise the interest rates on loans and mortgages, and increase commercial interest rates...
Cash is king—it’s a common saying in the business world. But surprisingly few take steps to efficiently manage their cash flow so they don’t wind up with an empty bank account and nothing to pay the bills. One of the main causes of business failure is poor cash flow...
For businesses who can't get a Government or Bank Loan due to low credit or net worth, or who can't wait out the several months it takes to get funded, there's an excellent alternative many are turning to. You qualify if you meet this simple criteria: Min 12 months...
Congratulations! You’ve decided to start your own business. You’re wished every success! Have you armed yourself with enough knowledge about business ownership to increase your odds of not becoming a fail statistic? Many entrepreneurs start a business that they're...