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Business funding in Vancouver: what local files look like.

The sectors and corridors that shape a Vancouver funding request, and an example in Canadian dollars.

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The Vancouver small-business picture

A port city with strong technology, film, trade and tourism sectors and some of the highest commercial costs in the country.

Where businesses cluster

Sectors that drive demand

What this means for funding

Fit-out and equipment costs are high, which makes equipment-related funding one of the more common reasons. Tourism seasonality affects Gastown and waterfront businesses most.

An example in Vancouver

Illustrative arithmetic

A Richmond equipment supplier deposits $95,000 a month and wants $50,000 for inventory ahead of spring. At a 1.22 factor the payback is $61,000, repaid over about six months.

Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.

Typical starting points

Monthly revenueTypically from around $20,000 a month in deposits for Canadian files. The exact line varies by funder and by file.
Time in businessTypically about 12 months. Newer businesses can be reviewed, but the options narrow.
Account healthLimited low-balance or negative days. Funders read the last few months of bank statements for this.
CreditScores from 500 are considered. A score of 600 or higher opens more options and better offers.
DocumentsA signed application and recent business bank statements, typically the last four months.
Existing advancesFiles with an existing advance can be reviewed, including second position.

Common questions

Which sectors drive small-business demand in Vancouver?

hospitality and tourism; technology and digital media; trade, logistics and port services; construction and trades; wellness and fitness.

Where do Vancouver businesses cluster?

Downtown and Gastown; Mount Pleasant and East Vancouver; Burnaby, Richmond and Surrey; North Shore.

What does the year look like in Vancouver?

Fit-out and equipment costs are high, which makes equipment-related funding one of the more common reasons. Tourism seasonality affects Gastown and waterfront businesses most.

Keep reading

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Educational information only. It is not legal, tax or accounting advice.

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