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Caary Capital has announced its official Canadian launch and releases new Léger research in partnership with Xero and the Canadian Lenders Association that paints a picture of a Canadian small and medium-sized business ( SME ) community struggling to access capital and other key financial products and services .
“ Independent business ownership is always challenging
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and many in this community barely survived the pandemic over the last two years . In fact , 57 % are struggling to manage cash flow ,” said John MacKinlay , CEO of Caary Capital . “ What they need now is better access to financial products and services , but our research indicates that hasn ’ t traditionally been available for an SME . Caary ’ s official entry into the Canadian marketplace couldn ’ t have come at a better time .” |
National Write Your Congressman – an organisation that gives small businesses a voice in government – has released its latest Quarterly Index which found 90 % of business owners citing a disruption of services , operations or manufacturing due to problems with the supply chain . Half of business owners see supply chain problems easing in more than one year and 31 % believe problems will not ease for another five years . |
“ Small business owners are having to make hard decisions on whether to stay open , grow , hire more employees , scale back and pass on the additional costs to customers ,” said Randy Ford , President and COO of National Write Your Congressman .
Furthermore , 74 % of business owners are seeing increased prices on inventory , products and materials . Only 4 % of business owners say supply chain issues are not affecting their business . �
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