Glossary
How long the business has been operating, usually measured from its start date.
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How long the business has been operating, usually measured from its start date.
It is often measured from incorporation, registration or the first deposits. Funders use it as a rough indicator of resilience.
It affects options, but a strong deposit history can offset a shorter record.
A business 14 months old meets a typical 12-month starting point.
In Canada, time in business can be shown by registration, business number or account history.
A funder verifies time in business through registration, the business number or the first deposits on the account. Having the date straight in your own head and on the application matters, because a mismatch between the stated start and the account history is one of the commonest reasons for a slower review.
People often count the years since they had the idea. Reviewers count from when the business actually began operating and taking deposits.
It is a typical starting point. Newer businesses can be reviewed, with fewer options.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
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.
