City guide
Census figures, the industries that drive Kirkland Lake, local programs and a worked example in Canadian dollars.
✓ Checking what you qualify for does not affect your credit score.
Short answer: a Kirkland Lake business can be funded. Merchant Fund Express reviews Canadian files from Ontario for merchant cash advances, business cash advances and revenue-based financing. Kirkland Lake is a town of 7,750 residents (2021 Census), changed from 7,981 in 2016.
Its largest private employers by sector are mining, oil and gas, health care and retail, which shapes the kinds of files funders see from here.
Figures from the 2021 Census Profile published by Statistics Canada.
The way Kirkland Lake customers pay points to the structure:
Industry guides: Equipment rental, Excavation companies, Medical clinics, Dental practices, Retail.
The census labour-force tables show which industries carry Kirkland Lake. The biggest private sectors, against the provincial figures:
| Industry (NAICS) | Kirkland Lake | ON |
|---|---|---|
| Mining, quarrying, and oil and gas extraction | 21.3% | 0.5% |
| Health care and social assistance | 19.3% | 12.0% |
| Retail trade | 10.3% | 11.1% |
| Accommodation and food services | 4.9% | 5.4% |
| Manufacturing | 4.5% | 9.1% |
| Construction | 4.0% | 7.5% |
Compared with the province, Kirkland Lake is unusually concentrated in mining, oil and gas (21.3% of jobs versus 0.5% provincially). Local suppliers, trades and service firms often ride the same cycle. Health care runs above average too, at 1.6 times the provincial weight.
A oilfield services contractor in Kirkland Lake with about $136,000 in monthly deposits takes $61,000 to cover payroll during a slow-paying contract at a 1.24 factor rate, for a total payback of $75,640 over about 9 months. That works out to roughly $1,941 a week, or about 6% of monthly deposits; the cost is fixed at $14,640 however quickly it is repaid on schedule.
Example only; approval is never guaranteed. Try the Canadian calculators with Kirkland Lake figures.
Here the cycle that matters is drilling, mining and maintenance shutdowns. Big invoices paid late are normal for suppliers. Snow season helps Kirkland Lake clearing and indoor trades but slows patios and landscaping.
Time a request before the busy season, not in the middle of the slow one.
Program money is slow. When a Kirkland Lake owner is waiting on a contribution, a short advance can bridge the gap.
We do not keep a branch in Kirkland Lake. The whole process runs online and over the phone.
Most Canadian approvals begin near $20,000 in monthly deposits. Twelve months of history and limited negative days are the other usual markers. 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.
Within reach of Kirkland Lake: Temiskaming Shores (76 km), Timmins (102 km), Cochrane (126 km), Greater Sudbury (197 km), West Nipissing (208 km).
More ON towns: Ontario funding guide.
Yes. Owners in Kirkland Lake apply online and are reviewed on the same criteria as the rest of Ontario.
7,750 residents at the 2021 Census, against 7,981 in 2016 (-2.9%).
By jobs: mining, oil and gas first, then health care and retail. Relative to the province, mining, oil and gas is the standout.
FedNor covers Kirkland Lake. Its support is project-based and slower than a business cash advance.
No office visit is required. Kirkland Lake applications are handled online and by phone.
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.
