City guide
Census figures, the industries that drive Perth, local programs and a worked example in Canadian dollars.
✓ Checking what you qualify for does not affect your credit score.
Perth 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. The 2021 Census counted 6,469 people in the town of Perth, up 9.1% since 2016.
Its largest private employers by sector are health care, retail and manufacturing, which shapes the kinds of files funders see from here.
Source: Statistics Canada, 2021 Census of Population.
Based on the Perth industry mix, in order of fit:
Industry guides: Medical clinics, Dental practices, Retail, Grocery stores, Manufacturing.
Here is where Perth residents work, by private-sector industry, compared with Ontario as a whole:
| Industry (NAICS) | Perth | ON |
|---|---|---|
| Health care and social assistance | 14.7% | 12.0% |
| Retail trade | 12.3% | 11.1% |
| Manufacturing | 10.1% | 9.1% |
| Accommodation and food services | 9.3% | 5.4% |
| Construction | 9.1% | 7.5% |
| Professional, scientific and technical services | 7.8% | 9.5% |
Compared with the province, Perth is unusually concentrated in accommodation and food services (9.3% of jobs versus 5.4% provincially). Local suppliers, trades and service firms often ride the same cycle. Repair and personal services runs above average too, at 1.3 times the provincial weight.
Peak months carry the year for hospitality and attractions. Payments that follow sales suit that curve better than fixed instalments. Cold months shift Perth work indoors and pause outdoor projects.
Time a request before the busy season, not in the middle of the slow one.
A family restaurant in Perth deposits about $52,000 a month, of which roughly $33,800 comes from card sales. It takes a $29,000 advance to stock up ahead of the holidays at a 1.18 factor rate, so the total to repay is $34,220. With a 10% holdback on card sales, about $3,380 a month goes to the funder and the advance is repaid in roughly 10 months; in a slower month the payment shrinks with sales.
Sample arithmetic; not a quote. Run your own figures in the calculators.
Public and private funding can work together: approved projects in Perth sometimes use an advance until the program pays (details).
Nobody needs to visit an office: we have none in Perth. The whole process runs online and over the phone.
As a rough guide, Canadian files usually start around $20,000 a month in deposits. About 12 months in business and few low-balance days help. Scores from 500 are reviewed, and 600 or higher brings better offers. Each funder sets its own lines. Documents are light: application and recent bank statements. Ready? Begin the application. Questions: (305) 384-8391.
Closest guides to Perth, as the crow flies: Drummond/North Elmsley (7 km), Tay Valley (13 km), Smiths Falls (18 km), Beckwith (24 km), Rideau Lakes (25 km).
See the Ontario guide for the full provincial list.
Yes. Perth, ON files are reviewed like any Canadian file: deposits, time in business and account health.
Statistics Canada reported 6,469 residents for 2021 (5,930 in 2016).
By jobs: health care first, then retail and manufacturing. Relative to the province, accommodation and food services is the standout.
FedDev Ontario covers Perth. Its support is project-based and slower than a business cash advance.
No office visit is required. Perth 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.
