Compare financing options
Straight comparisons between the instruments Canadian businesses actually weigh against each other. Each one opens with the verdict, then the specifications side by side, then when each option is the right call.
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- Chartered bank term loan vs Business Line of Credit — A chartered bank term loan is cheaper and should be your first call if the business is bankable — two or more years of history, clean financials and strong credit.
- Invoice Factoring vs Merchant Cash Advance (MCA) — If the business invoices other businesses, factoring is almost always the cheaper answer — it advances money the business has already earned, priced from 1.5% per 30 days, and creates no debt.
- Term Loan vs Merchant Cash Advance (MCA) — A term loan is the cheaper instrument and the right one whenever the file can carry it — fixed payments, a defined end date, and pricing quoted as an annual rate.
- Equipment Financing vs Term Loan — If the money is going into a specific piece of equipment, finance the equipment.
- Invoice factoring vs business line of credit
- Business loan vs business line of credit
- Merchant cash advance vs line of credit
- Equipment financing vs equipment leasing
- Voxen Performance vs standard financing