City guide
What Ajax's economy runs on, how that shows up in a funding file, and the steps to apply remotely.
✓ Checking what you qualify for does not affect your credit score.
Ajax business owners can apply for funding sized on their bank deposits: a merchant cash advance, a business cash advance or revenue-based financing, reviewed from anywhere in Ontario. With 126,666 residents at the 2021 Census and 5.8% change since 2016, Ajax is one of the larger municipalities in Ontario.
Locally, health care employs the biggest share of private-sector workers (12.0% of the labour force), and that mix is what a funder reads in the bank statements.
All figures: Statistics Canada 2021 Census (income figures refer to 2020).
Here is where Ajax residents work, by private-sector industry, compared with Ontario as a whole:
| Industry (NAICS) | Ajax | ON |
|---|---|---|
| Health care and social assistance | 12.0% | 12.0% |
| Retail trade | 11.2% | 11.1% |
| Professional, scientific and technical services | 9.8% | 9.5% |
| Manufacturing | 7.2% | 9.1% |
| Construction | 6.6% | 7.5% |
| Transportation and warehousing | 5.7% | 5.3% |
No single private sector dominates; the local economy tracks the provincial mix closely, which usually means steadier, more varied deposits across the year.
Three structures cover most Ajax requests:
Read next: Medical clinics, Dental practices, Retail, Grocery stores, Professional services.
Most businesses here serve households and other businesses. The slow stretch is usually after New Year. Snow season helps Ajax clearing and indoor trades but slows patios and landscaping.
Seasonal owners do better applying with a year of statements ready.
A family medical clinic in Ajax with about $86,000 in monthly deposits takes $60,000 to cover payroll during a slow-paying contract at a 1.18 factor rate, for a total payback of $70,800 over about 10 months. That works out to roughly $1,635 a week, or about 8% of monthly deposits; the cost is fixed at $10,800 however quickly it is repaid on schedule.
Illustrative only, not an offer. Model it with the MCA calculator.
Program money is slow. When a Ajax owner is waiting on a contribution, a short advance can bridge the gap.
Our team is not located in Ajax. Files from ON are reviewed remotely, the same way as files from anywhere in Canada.
Expect a typical starting point of roughly $20,000 in monthly deposits. Time in business of about a year, with limited negative days, is typical. A 500 score can work, though 600+ opens more doors. None of this is guaranteed and it varies by funder. Bring a signed application and about four months of business bank statements. Start here, or phone (305) 384-8391.
Closest guides to Ajax, as the crow flies: Whitby (9 km), Pickering (10 km), Oshawa (16 km), Markham (19 km), Whitchurch-Stouffville (28 km).
The Ontario overview lists every ON community we cover.
Yes, Ajax is covered. What counts is revenue, history and how the account is run.
Statistics Canada reported 126,666 residents for 2021 (119,677 in 2016).
Health care, retail and professional services employ the most people; health care stands out against Ontario.
FedDev Ontario. It funds projects; for working capital, private funding moves faster.
Everything is remote, so being in Ajax is no obstacle.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
