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5 Low-Cost Ways to Market Your Small Business in Canada

5 Low-Cost Ways to Market Your Small Business in Canada

29
Sep 2026
12
Oct 2026

Marketing is the first line item owners cut and the last one they should. A business that stays invisible does not grow. A large spend is not the answer either. Owners who win on a tight budget pick a few tactics that pay back quickly. They run them consistently and track the results. Here are five that work, followed by how to fund a larger push when the numbers justify it.

1. Improve your online presence 

Your website and social profiles work like a storefront that never closes. Most of your competitors already have one, and customers expect to find you online before they ever call or visit. Being online is only the baseline. Being easy to find and easy to trust is what earns the sale.

Start with what costs nothing

Claim and complete your Google Business Profile. Make sure your website loads quickly on a phone. Put one clear offer on your homepage. Then pick one social platform where your customers actually spend time and post there consistently for ninety days before you judge the result. Spreading yourself across four platforms produces four weak accounts.

2. Sell more to the customers you already have

BDC reports that selling to a new customer can cost about five times as much as selling to an existing one. The cost gap between new and existing customers should shape your marketing budget. Writing personally to your ten best customers only takes an afternoon. Inviting them to preview a new product costs almost nothing. A retail shop can go further with a simple points card that rewards the third and fifth visit. Repeat buyers are also your cheapest source of honest feedback, so ask them what you should change. A loyalty program raises the value of each customer without raising your ad spend.

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3. Ask for referrals

Referrals need no ad spend. The lead also arrives already trusting you.  Most owners skip them because asking feels awkward. Ask at the moment the customer is happiest, right after a job goes well or a compliment lands. A restaurant can slip a card in with the bill that gives both the guest and their friend a free appetizer. A service business can ask at final payment. Make the offer simple enough to explain in one sentence.

4. Own your local market

For most small businesses the customer base sits within a short drive. Reputation inside that radius compounds. Ask every happy customer for a Google review. Sponsor a minor hockey team or a charity drive so your name shows up where your neighbours already look. Contractors can photograph finished jobs and put a sign at every active site. A trucking company can send five local shippers a short weekly note on available capacity, so it is the first call when freight needs to move. Small, repeated visibility beats one expensive campaign.

5. Build an email list you own

A social following depends on someone else's algorithm. An email list does not. Collect addresses at checkout, on invoices and through a sign-up form on your website. Follow Canada's anti-spam rules from the first sign-up. The CRTC guidance says CASL requires consent, sender identification and an unsubscribe mechanism for commercial messages.  Consent can be express or implied, but implied consent expires: two years after a purchase and six months after an inquiry. Ask for express consent at sign-up and record how and when each person opted in.

When a bigger push makes sense

Low-cost tactics have a ceiling, and the hidden cost is your time. At some point a paid campaign, a website rebuild, a seasonal inventory build or a marketing hire is the faster route to revenue. The question is how to pay for it without starving day-to-day operations.

Fund it against a measurable return

Only fund marketing you can measure. Set a target such as cost per lead, then work out how many sales it takes to cover the spend. Give each campaign its own promo code or landing page so you know which dollars produced sales. Cut anything that fails after sixty days and put that money behind what works.

If the math works, the funding structure matters as much as the campaign. A merchant cash advance is not a loan, so there is no interest rate. You pay a one-time cost of capital that you know before you sign. 2M7 Financial Solutions’ advances range from $5,000 to $300,000. Most applications receive a decision within 24 hours, which fits a campaign with a fixed launch date. To qualify, a business must operate in Canada, have run for at least three months and bring in at least $15,000 a month.

Match repayment to revenue

Marketing pays back on a delay. An ad you run in March may not produce full revenue until May. Fixed payments that start immediately can squeeze operations during that gap. Businesses that process daily credit and debit payments can choose flex payments, where repayment rises and falls with sales. Fixed payments are also available.

Bad credit does not end the conversation

Many owners assume a weak credit history rules out funding. With 2M7, bad credit will not automatically sink an application. The team weighs monthly revenue, time in business and industry alongside it.

Put your marketing budget to work

If a marketing push is on your calendar, contact 2M7. More than 5,000 Canadian businesses have partnered with 2M7. Send three months of bank statements, a photo ID and a void cheque, and we will reach out as soon as possible. The team will help you choose between fixed and flex payments during the process. Then spend the money on the campaign instead of waiting on it.

FAQs

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Can I use a merchant cash advance to pay for marketing?

Yes. 2M7 funding can go toward advertising and promotions, and it has no narrow spending restrictions tied to specific categories. Business owners use it for things like a paid ad campaign or the inventory needed for a seasonal push. Funding ranges from $5,000 to $300,000.

How is a merchant cash advance different from a business loan?

A merchant cash advance is not a loan, so there is no interest rate. You pay a one-time cost of capital instead. 2M7 shows you that cost before you sign, and you pay it off over time along with the funds. No collateral is required.

What are the eligibility requirements?

Your business must be located in Canada. It must have operated for at least three months and bring in at least $15,000 a month. You also cannot have an open bankruptcy. Bad credit does not automatically rule you out, because 2M7 also looks at monthly revenue, time in business and industry. You will need three months of bank statements, a photo ID and a void cheque.

Can I choose how I repay the funding?

Yes. 2M7 offers fixed and flex payment options. Fixed payments stay at a scheduled amount, while flex payments are based on a percentage of daily credit and debit sales and are available to businesses that process those payments.

What is the cheapest way to market a small business in Canada?

The cheapest tactics cost time instead of money. Claim your Google Business Profile and ask happy customers for reviews. Ask for referrals and sell more to the customers you already have. Add an email list you own so you are not relying on a social algorithm. No single tactic wins for every business. Pick two or three, run them consistently for ninety days and track what brings in sales before you spend on paid ads. 

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Revenue Based Financing: What is it and how can it Help Grow Your Business?

If you’re an entrepreneur seeking affordable funding options for your business without giving up equity or being burdened by debt, Revenue-Based Financing (RBF) might be just what you’re looking for! RBF has been steadily rising in popularity among growth-stage companies, and for good reason; the flexibility and unique blend of equity and debt financing is changing the game as it keeps you in control every step of the way.But that’s not all. A whole world of revenue-based avenues, such as Merchant Cash Advances and Factoring are entering the scene too!In this article, we will dive into the world of RBF, its alternatives, and provide you with valuable resources to help you make an informed decision about financing your business.

What is Revenue Based Financing?

Revenue Based Financing is a new type of funding that combines the convenience of a business loan with the peace of mind of flexible repayment options. Instead of a set monthly repayment, RBF allows your company to trade a percentage of sales for start-up capital. This allows you and the investor, as it provides the funds you need without tying up valuable equity or incurring debt. Your investor can rest easy knowing that they will receive regular payments (though the amounts may vary) under a legally binding contract.

HOW IT WORKS:

1. Find an Investor

Venture capital firms, dedicated RBF investors, or angel investors are a good place to start.

2. Pitch Your Business

Present your business plan, financials and growth projections to the investor. Show them your intended use of the funds and your company’s potential for generating consistent revenue.

3. Negotiate Terms

If the investor is interested, this is where you will negotiate the investment amount, percentage of revenue shared, repayment cap, and anything else that is pertinent to the deal.

4. Sign on the Dotted Line

Once the terms are agreed upon, both you and the investor sign a legally binding document that outlines the specifics of the deal.

5. Put the Funds to Use

Receive your funds (usually in a lump sum), and put them to work in marketing, product development, hiring, or other areas that will propel your company’s growth forward.

6. Monthly Payments

As your business starts generating revenue, repay your investor based on the agreed-upon monthly percentage.

7. The Repayment Cap

Once you have hit the predetermined repayment cap, your obligation to the investor is fulfilled, and you retain full control of your business.

RBF Alternative: Merchant Cash Advances

If your business is retail based or receives a high volume of revenue from credit card transactions (such as a restaurant), Merchant Cash Advances may be a more suitable financing option. With MCA, you exchange a percentage of future credit card sales for the lump sum investment.

HOW IT WORKS:

1. Apply for MCA

Once you find a reputable Merchant Cash Advance provider, apply for funding using the above-mentioned information for your business, as well as your credit card transaction history.

2. Receive the Funds

Again, usually a lump sum.

3. Repay Via Sales

MCA offers a big advantage in that you have quick access to the funds, and the flexibility of repayments being tied to sales, which eliminates the need for collateral. However, MCA’s can be more expensive than a traditional loan, and the deduction from your daily sales may impact your cash flow for a time.

RBT Alternative: Factoring

Factoring is also known as accounts receivable financing or invoice financing. It may work best for you if your business is facing cash flow issues due to slow-paying clients. With factoring, you sell your unpaid invoices to a factoring company at a discount, and they take care of collecting the funds.

HOW IT WORKS:

1. Find a Reputable Factoring Company

Preferably one that specializes in your industry.

2. Sell Your Unpaid Invoices to the Factoring Company at a Discounted Rate

Usually 70-90% of the invoice amount.

3. Get Paid Upfront

The Factoring company will subtract their fees and pay you the agreed upon amount right away.

4. Invoice Collection

Now it’s out of your hands, and the factoring company takes care of collecting the overdue amount from your clients!

5. Receive the Remaining Balance

Once the client pays, the Factoring Company will send you the remaining balance, minus their fees. Factoring eliminates the need for you to waste time chasing after clients to pay their invoices, and gives you quick access to the funds, relieving your financial stress. However, like merchant cash advances, factoring can be more expensive than a traditional loan.

Choosing the Right Financing Option

After reading this article and looking into the different financing options for your business, you hopefully have an idea of which option is best for your business. Ultimately though, the biggest factors to consider are:

  • Your Business Industry
  • Your Revenue Model
  • Company Growth Stage
  • Repayment Flexibility

Once you determine those, you can make the choice that works best to propel your business forward! Revenue Based Financing is getting more creative and attainable as the structure of our economy evolves. It really is becoming the financing option of the future. For a closer look at how an MCA may support expansion, read how a merchant cash advance can support expansion.

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July 26, 2026

When Is the Right Time to Scale Your Business?

Scaling feels like the reward you've been working toward. More customers, more revenue, more proof that what you built actually works. But if you've ever stood at the edge of a real growth opportunity and felt a knot in your stomach instead of pure excitement, you're in good company. That tension is not a character flaw. It's the reasonable response of someone who understands that growth costs money before it makes money.

In the current Canadian economic climate, that tension is sharper than ever. The Bank of Canada's key interest rate has shifted multiple times in recent years, and with it, the cost of capital for Canadian businesses. . Supply chains have reminded everyone how quickly operational stability can erode. And yet, demand for goods and services keeps pressing forward. If customers are lining up and you're struggling to keep pace, the question isn't whether to scale. It's whether you're positioned to do it without destabilizing what you've already built.

Clear Signs Your Business Is Ready to Scale

Growth readiness is a specific condition, not just a feeling of momentum. There's a meaningful difference between a business that's having a good month and one that has structurally outgrown its current capacity.

The clearest signal is sustained, predictable demand. Not a spike. Not a strong quarter that could be an outlier. Consistent, repeating customer behavior that your current operations genuinely cannot absorb. If you're turning away work, running out of inventory before the sales cycle closes, or watching your team stretch thin week after week, that's not a temporary crunch. That's the shape of a business that needs more infrastructure.

Other indicators worth taking seriously: your revenue has been stable for at least two to three consecutive quarters, your margins have held up under current volume, and you have a clear picture of where the additional demand would come from after you expand. A retailer who knows their peak seasons and can project inventory needs six months out is in a fundamentally different position than one hoping for a strong run.

For businesses in trucking, the signal is often visible in load acceptance rates and dispatch capacity. If you're consistently declining loads because the fleet can't absorb them, the case for expansion is already written in the data. For retail operators dealing with stockouts during key periods, the problem and the solution are both sitting in your inventory reports.

The Cash Flow Catalyst: Why Business Health Trumps Credit History

Here's where a lot of Canadian business owners hit a wall, or think they will. Scaling requires significant upfront capital. You need to hire before the revenue from those new hires arrives. You need inventory before the sales come in. You need equipment, space, or fleet capacity before the additional contracts are signed. Growth is front-loaded by nature.

Traditional credit evaluation was never designed for this reality. The Government of Canada defines a credit score as a measure of your borrowing history, not the current health of your business. It tells a lender what you did with credit in the past, not whether your business is generating consistent, growing revenue right now.

Alternative lenders approach this differently. They look at your actual bank statements, your revenue trends, and the overall health of your cash flow as the primary signals of creditworthiness. A business generating $30,000 a month in steady, recurring revenue tells a much more relevant story than a credit score that dipped during a difficult period two years ago. When your business is the evidence, the evaluation process looks at what actually matters.

Navigating Growth Funding: The Big 5 Banks vs. Alternative Lenders

Canada's major chartered banks are conservative by design. Their underwriting frameworks require years of audited financials, strong personal credit, collateral, and approval timelines that routinely run several weeks. For a business navigating a time-sensitive growth window, those timelines are the problem. An opportunity to lock in a major contract, secure a lease on the right commercial space, or purchase equipment at a favorable price doesn't wait for a bank's committee review.

This is where a Merchant Cash Advance changes the conversation. Rather than borrowing against assets or credit history, you're accessing capital against your future revenue, with repayment structured as a percentage of daily sales. When business is strong, the advance pays down faster. When things slow, repayment adjusts accordingly. There's no fixed monthly obligation sitting on your books demanding the same number regardless of conditions.

For businesses that need fast business funding to act on a real opportunity, the difference in approval timelines alone can be decisive. Alternative lenders with a clear view of your cash flow can make decisions in hours, not weeks.

Overcoming Credit Anxiety While Growing

A lot of business owners carry a quiet fear into funding conversations: the worry that a past credit blemish will shut the door before it opens. A period of difficulty, a personal financial event, or even just a lean year in the business can leave marks on a credit report that feel permanent.

Alternative underwriting doesn't ignore your credit history entirely, but it also doesn't let it override a compelling current picture. If your business has been generating consistent monthly revenue, if your bank statements show regular deposits and managed obligations, and if you've been operating for at least a few months with real transaction history, there is a path forward. The weight shifts from what happened to you in the past to what your business is doing right now.

If credit anxiety has been keeping you from exploring your options, you can learn more about how Canadian small business owners navigate funding with imperfect credit histories without starting from zero.

Preparing Your Scale-Up Toolkit: Essential Documentation

When you're ready to have a funding conversation, being organized signals that you run your business with intention, and it keeps the process moving. For a Merchant Cash Advance, the documentation requirements are deliberately straightforward:

  • Three to six months of business bank statements
  • A government-issued photo ID
  • A void cheque for direct deposit

That's the core of it. Your bank statements do the heavy lifting, showing lenders your revenue volume, deposit consistency, average balances, and how existing obligations are being managed. Unlike small business loans through traditional institutions, there's no requirement for a formal business plan, years of audited financials, or personal collateral.

Industry risk and the nature of your business model will factor into the conversation, which is worth knowing in advance. Seasonal businesses or those in higher-volatility sectors may face additional questions around cash flow stability. Having a clear, honest picture of your revenue patterns and a straightforward explanation of how you plan to deploy the capital will address most of those concerns before they become objections.

Ready to Map Out Your Next Move?

Scaling is not a decision you should make in a moment of anxiety, but it's also not one you should keep deferring because the financing picture feels unclear. If your business has consistent demand, steady revenue, and a specific plan for what growth would actually look like, the conversation is worth having.

The 2M7 team works with Canadian small business owners at exactly this stage: past survival mode, looking at real opportunity, and trying to find a funding structure that fits how their business actually operates. Reach out directly and let's talk through what your scaling plan could look like.

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5 Effective Ways to Solve Seasonal Cash Flow Business Challenges

The great majority of small businesses go under because of cash flow issues. You know the importance of cash flow for that reason. That doesn’t mean you don’t face seasonal cash crunches.Seasonal cash flow struggles are quite common, even among established businesses. You can take the strain off by employing these five effective methods of solving cash flow challenges.

Know Your Problem Seasons

The first step in combating cash flow challenges is know your problem seasons. For seasonal businesses, this may be obvious. If you run a golf course, you might find cash flow tightens up during the winter. If, by contrast, you have a ski club, then winter could be boom season for you.Knowing when you’re most likely to run into trouble can help you plan for those dry spells more effectively.

Shift the Timing of Financial Commitments

Once you know when your cash crunches are most likely to happen, you can work on scheduling around them. Try to shift any major financial commitments to other times of the year.This might include adjusting when you order stock or how you organize your tax year. A golf course may not want to make a major tax payment at the end of April, because funds are already tight.You may not be able to move every financial commitment, and that’s fine. By shifting some earlier or later in the year, though, you can make all your obligations easier to manage.

Offer Incentives for Customers to Pay Early

Another tip for meeting seasonal cash flow challenges is to entice customers to pay early. If you invoice your customers, you could offer them a discount if they pay before the indicated due date.You may encourage prepayment or even down payments. For example, if you run a mattress shop, then you could ask people to put a down payment on their purchase.You can make this a seasonal offer and encourage customers to “buy ahead.” With more money flowing in, you’ll have an easier time managing your cash flow.

Get a Merchant Cash Advance

Sometimes, the answer to cash flow challenges is credit. That’s particularly true of seasonal cash crunches since they’re usually temporary in nature.A merchant cash advance is one of the better choices you have to manage seasonal cash flow. With one, you get the cash you need against expected future sales. As sales take place, you’ll pay back the advance.

Diversify Your Business

One of the best ways to solve seasonal cash flow issues is to diversify the business. If you run a golf course, you might also operate a banquet hall. Acting as a wedding venue can keep cash flowing, even during the winter season.If you face seasonal challenges, think about the ways in which you can diversify and offer more to your clients all year long.

Get a Helping Hand with an MCA

If you’re feeling pinched, it might be time to get a merchant cash advance. Get in touch with the experts and discover what the right financing option can do for your business.

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