With more and more Canadian entrepreneurs opening up new businesses, it is crucial that they have access to adequate funding with flexible payment terms that reflect the barriers that SMBs endure.
That is why we are so pleased to be introducing yet another expansion to our offering, to better serve the small business community. To accommodate the entrepreneurs trying to break into the business world, we have lowered the eligibility criteria to help get them the funding they need, when they need it.
According to a 2020 survey conducted by CBInsights that covered employees and founders from 101 startups analyzed the reasons why those companies failed. The main findings were as follows:
Everyday brings a different challenge and a different opportunity. Whether you need payroll funding, a small business loan, to leverage ecommerce, to fund marketing campaigns, etc., we’ve got you! To find out all the ways you can use our capital solutions check out our use cases.
This change in eligibility allows us to fund businesses with 3 months worth of sales and $3,000 in average monthly sales, giving more Canadian entrepreneurs the opportunity to access the funds they need to sustain and grow their business.
The application process is quick and easy, it only requires four simple steps:
Gain simple access to funding and a unique balance between the digital and human experience, merged to give this segment of the economy a combination of the human touch and digital speed.
Please don’t take it from us; listen to the other small business owners who have used our solutions to reach their goals on our customer stories page. We also have excellent ratings on TrustPilot and Google Reviews and boast a 54 Net Promoter Score. You are in good hands!
At Driven, part of our mission is our commitment to providing you with the advice, knowledge, and capital solutions to maintain and grow your business. As such, we have created a totally free tool for you to manage your business finances. Start saving your valuable time by signing up for the Driven Insights.
This segment is extremely important to the ecosystem of the Canadian economy and we want to provide them with the support they need. If you are a small business owner or have plans to open a new business we are here with the capital solutions to help. Fund me now.
Sources:
Kepka, A. (2020, August 26). Business Startup Statistics Canada. Fundsquire Canada. Retrieved February 2022, from https://fundsquire.ca/startup-statistics-canada/
Advice and research for Canadian small businesses from our expert team
