The global pandemic has changed the landscape of many aspects of life, society, and the economy. Statistics Canada reported a contraction in the Canadian economy by 11.6% in April 2020, after a 7.5% drop in March. Overall economic activity was about 5% below pre-pandemic levels in February.
While most businesses in Canada were impacted by pandemic conditions and restrictions, small businesses in particular were hit hard. Small businesses were more likely to experience a decrease in revenue and have less liquidity to operate.
One option for financial support is small business financing. Merchant Growth is able to provide capital to those businesses that can not get access to capital. They offer fixed and flexible financing along with a line of credit to help get your business back on its feet as we come out of COVID-19.
Get fast and accessible financing in as fast as 24hrs to grow your business.
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