Newfoundland & Labrador » Banking & Financing



Members can get advice, counseling and support in dealing with governments and small business issues from CFIB's Business Counsellors, at no charge.

Newfoundland & Labrador – Banking & Financing


Give your kids a head start with VuKidz!

To help you raise the next generation of entrepreneurs, Vubiz, in collaboration with CFIB and Teresa Cascioli, an award-winning entrepreneur and author of the M is for Money books, has created a ground-breaking series of financial education courses for children called VuKidz.

Government Grants and Loans – Should you ask for help?

Many companies offer assistance with government grants and loans, but can they really help? Read more here. Advice is free for members: call 1-888-234-2232.

Credit Card Contracts – Watch this before you choose!

CFIB has influenced the Government of Canada to require banks and credit card companies to follow a code of conduct. In the future, certain rules must be followed. In the meantime, please be careful.
Empowering Entrepreneurs - Banking for small businesses

How to get a better deal at the bank

Approaching a bank for the first time can be intimidating. Remember that you are the customer and the bank is there to serve your business. Our tips will help you get the best from your financial institution. Advice is free for members: call 1-888-234-2232.

Boost your credit score and your borrowing capacity

From time to time, companies need financing or new suppliers and vendors. Access to business credit and approval from new vendors is often based on a company’s credit score. Learn how to understand, build and monitor the accuracy of your company’s credit report. Advice is free for members: call 1-888-234-2232.

Got a beef with your bank? Here's how to air it out

Are you having a dispute with your bank or financial institution? Follow these simple instructions if you are not satisfied with the initial results. Advice is free for members: call 1-888-234-2232.

New rules in effect since Nov. 12, 2013: Know your rights!

On November 12, 2013, a new Commissioner’s Guidance came into force regulating the voluntary Code of Conduct. Please be aware that contracts signed before this time are treated differently than those signed afterwards. Understand your rights under the new guidance.

Alert: Beware of credit card processing offers too good to be true

One of the most important provisions of the Code of Conduct for the Credit and Debit Card Industry was a provision to allow firms to exit their electronic payment processing contracts with ACQUIRERS or RESELLERS without penalty within 90 days of an unscheduled rate change or the introduction of a new fee. Though the Code contains many more measures to protect your business you must still remain vigilant.

Free materials to encourage debit payment

CFIB and Interac are proud to provide co-branded materials to encourage clients of small and medium-sized businesses to use debit instead of credit.

Reduce your costs: encourage your customers to pay with cash, cheque or Interac

Accepting a customer’s credit card means paying your credit card processor a fee about 1.5 to 3.0 per cent of the purchase. If it’s suitable for your business, encourage customers to pay with cash, cheque or Interac to reduce your costs. We have posters you can place by your cash register. Advice is free for members: call 1-888-234-2232.

Government programs for small business

The Government of Newfoundland and Labrador has a comprehensive list of programs for business to take advantage of. It is prudent to confirm the program listed is still active.
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