There’s a financial program in Canada that has been around for decades that is geared to supporting the Entrepreneur in the Startup process. It’s called the Canada Small Business Financing Program. It supports the business with up to a $500,000 loan.

There’s a slight problem though, hardly anyone in British Columbia knows about it.

Financial institutions deliver the program and make all credit decisions.   Small businesses must visit their local bank, credit union to obtain a loan under the program. Read the rest of this entry

Ok, so we know ATM charges are rip-offs! This could become a rant very quickly.

Let me see, we pay monthly service charges on our accounts so we can have a place to store our money for a ridiculous low interest rate if you can call it that. The banking system in Canada, the best in the world, has recorded record profits even in this economy, go figure. They take your money, give you low interest rates, won’t loan out money and charge you for everything till the cows come home. Read the rest of this entry

One of my clients, had an NSF the other day at Scotia Bank by no fault of her own (seriously- a customer’s cheque bounced on her). I know people are letting things go a little over the edge, waiting till the last minute before paying bills or maybe dipping a little too deep into their accounts. It’s like letting your car get too low on gas I guess, your car will stop running because its empty and the damn bank will ding you $40, it’s a tow charge for the out of gas car. Read the rest of this entry