Guide
A short, clear description helps any reviewer understand your file in minutes.
✓ Checking what you qualify for does not affect your credit score.
A short, clear description helps any reviewer understand your file in minutes.
Describe the business in plain words: what you sell, to whom and where. Avoid jargon.
For example: a family-owned bakery selling bread and pastries to walk-in customers and three local cafés in Halifax.
Explain the deposit pattern: daily card sales, weekly wholesale payments, seasonal peaks.
This helps the reviewer read your statements correctly.
Name the purpose and amount: a $22,000 oven replacement with a quote attached.
Specific purposes are easier to approve.
Connect repayment to revenue: daily sales of about $1,500 easily cover the payment, and the new oven increases capacity.
Show you have thought about it.
Four sentences, attached to complete statements, are most of a strong file. They also prepare you for any follow-up questions.
Keep the note for future applications and update it as the business changes.
A family bakery in Halifax sells bread and pastries to walk-in customers and supplies three local cafés. Card deposits arrive daily, about $1,400 on weekdays and $2,500 on Saturdays, with café invoices paid every two weeks. The request is $22,000 for a replacement deck oven, quoted and attached. Daily sales comfortably cover a daily payment, and the new oven ends repair costs and adds capacity for a fourth café.
What you do, how money comes in, what the money is for and how it will be repaid. Four sentences with complete statements answer most of a reviewer's questions.
It is general education. Your file and agreements are specific, so read them and ask questions.
Gather four months of statements and write what the money is for in one sentence.
Yes. Apply once and the file is matched to the structure that fits.
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.
