The Capital Brief

Funding intelligence for Canadian business owners

Weekly, plain-English briefings on private lending, alternative funding, and the Canadian capital market. No jargon, no pressure: just the clearest look at how business funding actually works.

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Issue

June 23, 2026

The 10-Question Checklist for Evaluating Any Funding Offer

Every funder will tell you why their offer makes sense. Almost none will hand you a checklist for catching what doesn't get said out loud. Ten questions, across real cost, repayment fit, fine print, and overall fit, that you should be able to answer clearly before you sign any MCA, RBF, or term loan offer.

The Red Flags

Judgement Clause

Some U.S. jurisdictions let funders win a court judgment without notice. In Canada, confirm with your broker.

UCC / Public Filings

A blanket lien on business assets is standard with most funders. Full transparency on what's filed is non-negotiable.

Vague Default Language

Loose definitions of default give funders wide discretion. Know exactly what counts as a breach before you sign.

Automatic Renewal

Some offers auto-renew or charge steep fees if you don't. Map your exit before you ever need one.

The Archive

Issue 06June 16, 2026

Real Scenarios: What Works, What to Avoid

Three Canadian businesses faced the same funding decision and landed in very different places: one win, one costly mistake, one recovery. The product is rarely the problem; structure and disclosure are. Read it as a checklist of what to repeat and what to avoid before you sign any advance.

47%

SME debt on collateral

89%

SME approval rate

1.25–1.45×

MCA factor range

Issue 05June 9, 2026

Fintech in Canada: What Business Owners Need to Know

Fintech lenders aren't banks, but they are regulated. How fintech business lending works in Canada, the 48% APR ceiling that protects you, and the three questions to ask before you sign.

$4.2B

market size by 2028

49%

commercial APR cap

$1.9B

CSBFP lending 24–25

Issue 04June 2, 2026

Revenue-Based Financing: Is It Right for You?

Revenue-based financing flexes your repayments up in strong months and down in slow ones. How it works, who it suits, and the worst-month test that tells you if it fits.

60%

North America share

15–20%

higher-risk holdback

1.25–1.45×

return cap

Issue 03May 26, 2026

What's Changing in the Private Lending Market Right Now

Trade policy, interest rates, and a widening bank gap are reshaping who gets funded in Canada right now. The Q2 2026 picture, and which sectors are moving fastest.

2.25%

BoC overnight rate

63%

hit by tariff costs

$1.13T

YTD loan issuance

Issue 02May 19, 2026

Factor Rate vs. Interest Rate: What You Need to Know

The number on your funding offer probably isn't an interest rate. What a factor rate really costs you, and the one calculation to run before you sign anything.

1.25–1.45

typical factor range

70–85%

MCA approval rate

24–48 hrs

time to funding

Issue 01May 12, 2026

How Business Funding Actually Works in Canada

A bank decline isn't a verdict on your business; it's usually a verdict on the bank's model. The three funding structures Canadian owners actually use, and how to tell which one fits.

12%

lack 3-mo liquidity

16th

global SMB capital rank

35%

cite cash-flow timing

Market Pulse · from Issue 07

The numbers behind the stories

core questions every funding offer should answer before you sign, across cost, repayment fit, fine print, and overall fit

10–15%

the share of average daily deposits a fixed MCA payment should not exceed if you want a real cash buffer

$4,100

the gap between two $60,000 MCA offers in our Mississauga case study once prepayment and slow-season scenarios were modelled

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