Swoop Canada

The results are in... The Swoop 2024 State of Business Survey has revealed an optimistic outlook for North American small businesses despite ongoing challenges like cash flow management and access to funding. Key highlights from the survey: 💲 Managing cash flow and access to funding prevail as the top challenges North American businesses faced in 2024 🏦 Business owners are seeking for financial institutions to better support their businesses with better interest rates and more flexible loan options 💡 When it comes to making funding decisions, business owners place almost equal weight on interest rates, range of options, and quality of service 📊 Access the full report: https://lnkd.in/grMmekYe #BusinessSurvey #SmallBusiness #FundingInsights #2024StateofBusinessSurvey

Deal of the week 🙌 Sometimes businesses face their biggest nightmare. When this agriculture and logistics business’s senior lender was calling their loan, they needed to pay back their facilities ASAP. At risk of losing their business and the banks unwilling to support, the pressure was on. 🚨 By leveraging their assets – real estate, equipment, and receivables – our expert funding team put in the hard work to secure an ABL facility that cleared their debts and stabilized their business. Now, the business can take a breath of relief and enter the new year with peace of mind. Whatever the challenge, there's always a solution. Discover your options today 👉https://bit.ly/4fskbjR #Swoop #Fintech #DealoftheWeek #AssetBasedLoan #BusinessGrowth

Deal of the week 🙌 Struggling with cash flow while waiting on outstanding invoices? You’re not alone – this consulting business faced the same challenge, and we were happy to swoop in. 💪 Our funding managers stepped in to secure a line of credit that not only met the client's needs but exceeded their requested limit. 🎉 Now, with reliable funding in place, they can keep their operations running smoothly, even when client payments are delayed. With cash flow worries in the past, the future’s looking bright! Is your business in need of a boost? Let’s find the right solution for you 👉 https://bit.ly/4fgpmn2 #Swoop #fintech #DealoftheWeek #cashflow #businessgrowth

Meet Nikita, the newest member of the Swoop North America team! Nikita joins Swoop as the Marketing Manager for North America! In addition to her expertise and contagious energy, Nikita brings some impressive language skills! 🌎 Not only does she speak the language of marketing, but 9 others! 🤯 A huge welcome to Nikita, we're thrilled to have you join the team! 🚀 #TeamSwoop

Interest rates drop again! This morning, the Bank of Canada announced the fifth consecutive interest rate cut of the year, lowering the policy rate by 50 basis points to 3.25%. 📉 With inflation reaching 2% in October, unemployment rising to 6.8% in November, and GDP growth coming in below forecasts, this final cut of the year aims to support growth and keep inflation within the target range. As we approach 2025, and with rates down 1.75% since the beginning of 2024, now is the time to revisit your financial strategy. Whether you’ve got new projects on the horizon, are looking to refinance, or want to unlock capital – our funding experts are here to support your business growth. Explore your options today 👉 https://bit.ly/4gw24KG #Swoop #Fintech #News #BoCRateCut #BankofCanada

… & that’s (almost) a wrap on 2024! Of course, we had to jump on this train too 😅 Presenting our 2024 Wrapped (Swoop’s version) ✨ #Swoop #Wrapped #2024Wrapped

Deal of the week 🙌 Rejection is redirection. Our client, a growing film company, needed funding to scale but faced rejection from their bank that couldn’t offer the support they needed. We stepped in, connected them with a development bank that focused on their business finances, not their personal, and secured a 5-year term loan. Now, they’re set to hire new staff, ramp up their marketing, and scale the business confidently. Sometimes, the right lender makes all the difference. We’ll help you find them 👉 https://bit.ly/49s8jgf #swoop #dealoftheweek #fintech #termloan #businessgrowth

As 2024 comes to an end, are you feeling ready to take on the new year? We've put together a guide to help you close out 2024 strong and prepare for a successful 2025! Check it out here 👉https://bit.ly/3OD7JTp #swoop #fintech #businessfundingmadesimple #2025Planning

Did you know there are over one million SMBs in Canada? Small businesses are the backbone of our economy. Here at Swoop, we’re proud to support SMBs nationwide by helping them access the funding they need to grow and thrive. This Small Business Saturday, let’s rally together to #ShopSmall and support the local businesses in our communities to make a meaningful impact. Here’s how you can make a difference: 🛍️ Shop Local: Choose small businesses for your holiday shopping. 🗨️ Leave a Review: Share your great experiences to help them grow. 💳 Buy Gift Cards: A perfect way to support now and shop later. 📱 Engage Online: Follow, like, and share their posts to boost visibility. By supporting small businesses, you are strengthening the heart of your community. Not only can you feel good about fueling their success, but you are supporting job creation, reducing your environmental impact, and are helping foster healthy competition. Let’s keep small businesses thriving. Together, we can make a big difference. 💙 #SmallBusinessSaturday #ShopSmall #SupportLocal #Swoop #Fintech

This week, we’re beyond excited to celebrate a big milestone! We’ve secured a $400,000 startup loan to fuel the launch of a new F45 studio. Set to open its doors in January, this studio is equipped to bring fitness and community together to make a lasting impact. 💪 It’s always inspiring to see entrepreneurs turning their dreams into reality, and we’re proud to play a part in their journey! Looking for funding to bring your vision to life? We’ve got you covered 👉https://lnkd.in/gGek38Yu #swoop #dealoftheweek #fintech #startuploan #businessgrowth