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Ontario Small Business Debt

Small Business Debt grows

Vacu-Man furnace and duct cleaning has been in the Hamilton, Burlington and Oakville area for over 40 years. Short of no surprise, like many small businesses Vacu-Man faced a hefty challenge with the Covid 19 pandemic in 2020. Fast forward to 2023 and Vacu-Man continues to overcome adversity from the increasing debt that has piled up since then. Vacu-Man pride themselves on providing quality air duct cleaning and furnace service for homes within the tri-city area. Their success goes to show that with perseverance and hard work, even businesses can survive during unexpected difficult times such as these.

BANK OF CANADA INCREASED RATES IN 2022

The Bank of Canada has increased interest rates in 2022, urging more stress on the process of borrowing money. This seemingly endless demand for finances only seem to grow despite businesses already needing this generated debt to keep their structure alive. The reality is that Ontario is busy expanding every day and its citizens are becoming ever more negligent on how budgeting efficiently can keep debt out of the equation. To make a point, Vacu-Man created an Ontario debt clock as a constant reminder that every one of us has a part in regulating the cost of activities within the province.

VACU-MAN LIVING WAGE EMPLOYER

At Vacu-Man, we understand that small businesses have a unique capability to make a greater impact on their communities. We hold our staff in high regard and are proud to be part of the living wage community, meaning that our employees are compensated with hourly wages above the cost of living. We view our team as family, and treat them with respect, kindness and care—the same way we’d treat one another if we were members of the same household. Our customers experience this same hospitality, as they too are treated like they are visiting our home when they enter Vacu-Man.

Vacu-Man is a family business owned and operated for over 40 years in the Hamilton, Burlington, Oakville area. Vacu-Man takes great pride in providing superior professional service for furnace and duct cleaning services that are trustworthy. Vacu-Man is a locally owned small business dedicated to providing quality services at an economical rate. Vacu-Man is always striving to find solutions to help lower our debt while maintaining our high standards of professional service. Vacu-Man’s customers have come to know that they can trust us to get the job done right.