Written by our Partners at CMB Insurance Manufacturing facilities rely heavily on complex machinery and equipment. While these tools keep production running, they also introduce risks if not properly maintained.
When it comes to running a business, one rule never changes: cash is king. Even if your company is profitable, growth requires upfront investment—and day-to-day expenses don’t wait for receivables
When two Alberta-based organizations come together with a shared purpose—to support businesses and strengthen our province’s economy—the result is more than a transaction; it’s a collaboration built on common values
Securing a business loan can be one of the most important steps in growing or stabilizing a company — yet, for many small business owners, the process can feel daunting.
In industries like transportation, construction, forestry, and aggregates, business owners know that managing cash flow is often a balancing act. Market conditions shift, demand fluctuates seasonally, and growth opportunities can
Planning to Grow? Make Sure Your Finances Are Ready In 2025, businesses aiming to grow are navigating a challenging economic landscape. Inflation continues to push up costs, interest rates remain
In business, good planning is essential. Business owners need to be prepared to manage everything from typical seasonal ebbs and flows to major unforeseen emergencies like a global pandemic. So
Interest rates were expected to fall in 2025—but uncertainty is creeping back in. Global tensions, inflationary pressures from tariffs, and infrastructure spending plans all pull Canadian monetary policy in different
In many industries, success isn’t just about the equipment you use or the services you provide—it’s about timing. For businesses in Transportation, Construction, Sand & Gravel, Oil & Gas, Forestry,
Client: Green Leaf Fuel | Industry: Bulk Fuel Distribution | Location: Northern Alberta When you run an equipment-intensive business across the remote regions of Northern Alberta, the stakes are high,
Introduction Securing the right funding at the right time is critical for businesses of all sizes, but in Canada, that’s often easier said than done. Many businesses face long approval
As Canada approaches the federal election on Monday, April 28, we urge our future government—regardless of who leads it—to focus on building long-term infrastructure that strengthens the backbone of our
When it comes to acquiring heavy equipment, many businesses face a crucial decision: Should I lease or buy? While leasing offers many advantages, persistent myths prevent some companies from considering
The Canada-U.S. softwood lumber dispute is one of the longest-running trade conflicts between the two nations, dating back to 1982. While a period of stability followed the Softwood Lumber Agreement
Asset-based lending (ABL) is a type of lending that allows businesses to secure a loan by leveraging their physical assets as collateral. But how does asset based lending work, and
The looming implementation of new U.S. tariffs under the Trump administration has Canadian industries bracing for potential disruption. For businesses—particularly those in the oil and gas sector—these proposed tariffs could
As we step into 2025, it’s the perfect time to reflect on an incredible year at Essex Lease Financial Corporation. Throughout 2024, we celebrated milestones, embraced opportunities to connect as
As we reflect on 2024, it’s clear that industries we serve have faced a dynamic mix of challenges and opportunities. From evolving market demands to policy shifts, businesses have had
When it comes to outfitting your business with the right equipment, one question inevitably arises: Should you rent or purchase? Each option has its own set of advantages and challenges,
Inflation has been a key issue in Canada over the past few years, with consumer prices rising sharply since 2021. The Bank of Canada’s primary goal is to keep inflation
