Today, Eastern Loans offers personal loans of between $500 and $1,000 to Canadians based anywhere other than Quebec and Saskatchewan, with competitive rates that differ between provinces.
AutoLoanProviders.ca specializes in working with Canadians of all credit backgrounds. Rather than selecting a vehicle and then seeking financing, the company helps clients find a vehicle that fits their budget, and offers access to nearly every make and model.
Moves Financial, which was founded by a group of blockchain developers and emerging technology researchers, was getting ready to offer gig economy workers easy access to financial products later this year. They knew that such services were especially valuable to those with inconsistent incomes, as they are often denied access to traditional financial products.
At this point in time there is no clear indication of when we can expect business to return to some level of normalcy, and in the interim countless small business owners are at risk of going bankrupt. In addition to the measures taken by the federal government last week, there have been further developments Canadian entrepreneurs should know about.
While the situation is changing quickly there are a number of new measures that small business owners need to be aware of, ranging from extended deadlines for tax filings to wage subsidies to working capital loans. We will continue to update this information as the situation continues to unfold, but for the meantime here’s what small business owners in Canada need to know in the wake of the COVID-19 outbreak.
“I very much respect Canadian businesses, and we love doing business with them,” explains founder and chief executive officer Jordan Fein. “Our footprint is only going to grow in Canada, and we’re going to continue building that trust in a much bigger way.”
“We’ve taken it from a one-to-one bartering concept to a one-to-many, and we do all the work,” says Porter. “It’s solving this problem for businesses, turning what we call ‘business waste’ into value.
The line between traditional and so-called “alternative” lending got blurrier today as the Canadian Lenders Association announces the addition of Lyla Kanji—the Head of Loan Syndication and Specialty Finance, Canadian Commercial Banking at BMO Financial Group—to its board.