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One in four Canadian small business owners use personal assets to secure business loans, risking personal finances.

Market News
22 Oct 2026
GlobeNewsWire
View Source
Bearish
One in four Canadian small business owners use personal assets to secure business loans, risking personal finances.

A new Equifax Canada survey reveals that 26% of Canadian small business owners have had to personally guarantee business financing, putting personal assets like homes at risk. Younger entrepreneurs (18-34) are especially reliant on personal credit, with 54% providing guarantees or opening personal credit lines to support their businesses. This reliance on personal credit can negatively impact owners' personal finances, including credit availability and loan qualifications. Despite these risks, many business owners do not regularly monitor their business credit, though there is strong interest in easier access to business credit information through banks.

Small business owners' financial risks provide context for Pluang's Financials sector data. As of Oct 22, 2026 16:02 WIB, 38 of 142 Financials-sector US stocks rose while 99 fell. Notable movers include WULF at USD 12.17 with a 4.62% decline and a typical hold time of 19 days, COIN at USD 169.45 down 4.31% with 79 days hold, and BTBT at USD 0.91 down 3.26% with a 14-day hold.

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