City guide
Census figures, the industries that drive Peterborough, local programs and a worked example in Canadian dollars.
✓ Checking what you qualify for does not affect your credit score.
Yes. Businesses in Peterborough, Ontario can apply for a merchant cash advance, a business cash advance or revenue-based financing, and the application is reviewed on the same terms as anywhere else in Canada. Peterborough is a city of 83,651 residents (2021 Census), grown from 81,032 in 2016.
Its largest private employers by sector are health care, retail and accommodation and food services, which shapes the kinds of files funders see from here.
Source: Statistics Canada, 2021 Census of Population.
A Kawarthas gateway city with healthcare, education, manufacturing and cottage-country commerce.
Peterborough sits at the edge of the Kawarthas, so a large share of local trade follows cottage season: marinas, contractors, building suppliers and restaurants all peak between May and September. Healthcare and education provide a year-round base.
Seasonal businesses tied to cottage country benefit from payments that follow summer revenue.
Here is where Peterborough residents work, by private-sector industry, compared with Ontario as a whole:
| Industry (NAICS) | Peterborough | ON |
|---|---|---|
| Health care and social assistance | 18.2% | 12.0% |
| Retail trade | 13.9% | 11.1% |
| Accommodation and food services | 7.3% | 5.4% |
| Construction | 7.1% | 7.5% |
| Manufacturing | 6.8% | 9.1% |
| Administrative, support and waste management services | 6.0% | 4.5% |
What stands out is health care: 18.2% of local workers, about 1.5 times the Ontario share. Businesses that sell to, supply or serve that sector make up a large part of the local file mix. Accommodation and food services runs above average too, at 1.3 times the provincial weight.
Start from how you get paid.
Sector pages that apply here: Medical clinics, Dental practices, Retail, Grocery stores, Restaurants.
Large public and health-care employers steady the local economy. That tends to smooth retail and service deposits. Snow season helps Peterborough clearing and indoor trades but slows patios and landscaping.
Summer cottage traffic lifts retail and trades; winter is slower except for snow-related services.
A revenue-linked payment can follow a seasonal curve.
A dental practice in Peterborough with about $146,000 in monthly deposits takes $117,000 for a vehicle and equipment upgrade at a 1.28 factor rate, for a total payback of $149,760 over about 8 months. That works out to roughly $4,323 a week, or about 13% of monthly deposits; the cost is fixed at $32,760 however quickly it is repaid on schedule.
For illustration; terms differ by funder. Run your own figures in the calculators.
If timing is the issue, see how to bridge a government payment without stalling a Peterborough project.
Merchant Fund Express has no office in Peterborough. Files from ON are reviewed remotely, the same way as files from anywhere in Canada.
As a rough guide, Canadian files usually start around $20,000 a month in deposits. Twelve months of history and limited negative days are the other usual markers. Credit from 500 is considered; 600+ widens the options. Every file is judged on its own. You will need roughly four months of business statements and the signed application. Ready? Begin the application. Questions: (305) 384-8391.
Close to Peterborough: Otonabee-South Monaghan (10 km), Cavan Monaghan (18 km), Selwyn (18 km), Douro-Dummer (23 km), Alnwick/Haldimand (29 km).
See the Ontario guide for the full provincial list.
Yes, Peterborough is covered. What counts is revenue, history and how the account is run.
Statistics Canada reported 83,651 residents for 2021 (81,032 in 2016).
By jobs: health care first, then retail and accommodation and food services. Relative to the province, health care is the standout.
FedDev Ontario covers Peterborough. Its support is project-based and slower than a business cash advance.
Everything is remote, so being in Peterborough 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.
