Skip to main content

To kick off Small Business Month, The Globe has launched a series on one of the biggest issues facing entrepreneurs - getting money to grow. Over the next six weeks, reporter Cailynn Klingbeil will be taking a look at the problems businesses face in getting financing, and will have in depth reviews of some of the major players in the online loan space. Here are the first two pieces in the series, as well as other small business stories from the Globe this week.

Despite new, expanded loan options, Canadian small businesses still struggle to get financing

The promises for easy and fast online financing for small business owners are plentiful. Instead of lengthy applications and weeks spent waiting for a decision and deposit, new companies and established banks tout simple and convenient online applications, followed swiftly with automated decisions and fast funds. But as Canada’s online lending scene transitions – with both new lenders and traditional banks moving online to offer loans, lines of credit and cash advances – entrepreneurs across the country still struggle to secure capital. Story

Story continues below advertisement

Lending Loop offers a novel way for business owners to get funding

Growing up with parents who were both small-business owners, Cato Pastoll saw first-hand the struggles entrepreneurs face when it comes to financing. “One of the things that always stood out for me as they were growing their businesses was they were often very reliant on family and friends to give them the capital they needed to grow those businesses, as opposed to being able to find things from a more formal source,” Mr. Pastoll says. Story

Facebook, Google and Amazon will reportedly face U.S. inquiry into their impact on small business

Facebook Inc, Amazon.com Inc and Alphabet Inc’s Google will face a congressional inquiry on how the big technology companies may be damaging the competitive landscape for small businesses, Bloomberg reported on Tuesday. Story

I’m a Canadian entrepreneur and I don’t have a life: What a new survey shows

Many Canadian entrepreneurs are so tied up with their businesses that they don’t have a life. Indeed, a survey released this week by Canadian Imperial Bank of Commerce shows many business owners are working long hours, they’re stressed, and they’re desperate for a vacation. Story

WHAT WE’RE READING ELSEWHERE

Story continues below advertisement

Ontario announces $15M in funding for craft alcohol producers

The provincial government announced $15 million in funding on Friday that it says will help grow small alcohol producers.The funding, which will roll out over the next year, supports wineries, tourism activities, marketing and research development, the province said in a news release. CBC

Square Canada doesn’t have a tech issue: it’s a Cuban coffee issue

The owners of a Toronto coffee stand say Square Canada has told them they can no longer use the popular payment technology because of concerns the coffee stand is selling beverages made from Cuban coffee beans. CBC

B.C. tech company granted $3.5M from city fund, promising 200 jobs for downtown Calgary

A B.C.-based tech company that has been awarded up to $3.5 million from a city economic stimulus fund is promising to create at least 200 new jobs in downtown Calgary. Calgary Herald

Story continues below advertisement

This is the weekly Report on Small Business newsletter. If you’re reading this on the web, or if someone forwarded this e-mail to you, you can sign up for it and all Globe newsletters on our signup page.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter