One of Canada’s newest small business lenders is using the latest technologies to offer clients a more seamless financing experience, designed to meet the challenges of an uncertain economy.
Canada’s lending ecosystem is often viewed through a fragmented lens, where FinTech companies, financial institutions, and “alternative lenders” each play a unique and distinct role. Gary Schwartz, the president of the Canadian Lenders Association (CLA), however, doesn’t quite see it that way.
“Our mission is to offer alternative financing in the merchant cash advance space,” explains co-founder Adam Benaroch. “Our underwriting guidelines are not based on credit
AutoLoanServices.ca works with its vast network of dealerships — which provides access to more than 5,000 vehicles of nearly every make and model — in order to offer the customer a number of vehicle options, all of which are pre-approved.
It’s almost too good to be true, but that’s what we love about our business; we get to help people realize their home buying dreams, and do it in a way that saves them a lot of time, money, and confusion.
As the world eagerly anticipates an end to the Covid crisis, Merchant Growth is preparing to offer new and more dynamic loan products to small business customers across its Canadian marketplace.
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.