Advisory & ConsultingBusiness Borrowing & LendingFall 2023 Issue

Six ways to a winning brainstorming session

How to organize a successful brainstorming session Courtesy BDC Brainstorming can be a great way to drive innovation in your business, if you prepare for it properly. A session that falls flat can be a frustrating waste of time. Brainstorming often gets a bad reputation because sessions sometimes generate humdrum …

Business Borrowing & Lending

Burb Announces $4 Million Funding Round to Expand Retail Operations In British Columbia and Launch Products In Ontario and United States

VANCOUVER, BC–Burb Cannabis Corp., a global cannabis lifestyle brand and high-end retailer with branded products and apparel, has successfully closed its $4M Series A funding round, led by Connecticut-based private equity group KarpReilly. The Company also closed the round with participation from American record label 300 Entertainment CEO and Co-Founder Kevin …

Business Borrowing & LendingEntrepreneursLeadership

BMO Commits $1.2 Million to Help Women-Led Venture Companies Access Financing

Funding supports SheEO programs TORONTO, ON–BMO Bank of Montreal today deepened its commitment to women entrepreneurs and business owners with $1.2 million in funding provided to SheEO, a not-for-profit company which provides financial support to businesses led by women and non-binary people. This financial commitment will allow SheEO to fund …

Business Borrowing & LendingEntrepreneurs

BDC to increase support to Canadian oil and gas sector companies

MONTREAL, QC–As part of a Team Canada response to the COVID-19 crisis, the Government of Canada, through BDC, Canada’s bank for entrepreneurs, and Export Development Canada (EDC) will make available additional financial capacity to help support Canada’s oil and gas sector. The commercial support, being developed by BDC and EDC, …

Business BankingBusiness Borrowing & Lending

Maple Leaf Foods, BMO Capital Markets make First Sustainability-Linked Loan in Canada

Reflects shared commitment to sustainable future and carbon neutrality TORONTO, ON–BMO Financial Group has provided Maple Leaf Foods Inc. with the first sustainability-linked loan in Canada. The amendment to the existing credit facilities will allow Maple Leaf Foods to reduce the interest rate on the lending facility if it meets …

Business Borrowing & LendingCanadian LenderUnderwriting

First National to Provide Mortgage Underwriting Processing Services to Manulife Bank

TORONTO, ON–First National Financial LP has entered into an agreement with Manulife Bank of Canada to provide underwriting and fulfillment processing services for mortgages originated by Manulife Bank through the residential mortgage broker channel in Ontario and Atlantic Canada. Under the strategic agreement, First National will employ a customized software …

Business Borrowing & LendingCannabis Business

TerrAscend Announces Agreement on Two Year Term Loan and Extension to Credit Facility

TORONTO, ON–TerrAscend Corp. the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced that it has extended the maturity date of its US$75 million credit facility due December 18, 2019 with funds managed by JW Asset Management LLC for up to …

AIBusiness Borrowing & Lending

LendingArch incorporates Artificial Intelligence

LendingArch incorporates Artificial Intelligence to aid in customer service and business management CALGARY, AB–LendingArch, Canada’s fastest growing rate comparison platform, announced today the investment into Artificial Intelligence to boost its productivity, efficiency and aid in the scalability of its business operations in North America. “We stay in touch with market …

Business Borrowing & LendingCanadian Lender

OnDeck Canada CEO, Neil Wechsler, New Chair of Canadian Lenders Association

New board structure to promote industry innovation, standards, and policy initiatives TORONTO, ON–The Canadian Lenders Association (CLA) today announced Neil Wechsler, CEO of leading online small business lender, OnDeck Canada, as the new Chair of the CLA’s Board of Directors. Neil’s appointment comes with a renewed vision to ensure the …