Situation
Around twelve months in business is a common starting point for Canadian files.
✓ Checking what you qualify for does not affect your credit score.
Around twelve months in business is a common starting point for Canadian files.
A year of history lets a reviewer see a full cycle: busy months, slow months and how the account handled both. It is often where more options open up.
Send the most recent four months plus earlier months if they show the full cycle. Explain any seasonal dip and point to recovery.
A landscaping company depositing about $45,000 a month asks for $15,000 for a mower and trailer. At a 1.25 factor the payback is $18,750, a cost of $3,750. Over roughly 5 months that is about $179 per business day, or close to 8% of monthly deposits.
Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.
If your first year included a slow start, the trend matters more than the average. Show the last four to six months clearly. A business that grew steadily through its first year reads well even if the early months were small.
If the business started slowly and then grew, the last four to six months are more representative than the year as a whole. Point that out. Equally, if the first months were strong and the recent ones weaker, be ready to explain why.
It is a typical starting point. Newer businesses can be reviewed with fewer options.
Yes. It shows the cycle.
Monthly deposits, typically from around $20,000, and account health.
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.
