Articles About Alternative Lending

Inside the World of Merchant Cash Advances

After being denied six business loans, Rhonda realized that because her business was new, most banks would not offer her enough financing to start her new venture. However, she had heard about an alternative to traditional lending known as a merchant cash advance, or MCA. Encouraged, she took off in the direction of getting funding via an MCA. And she is not alone; millions of start-ups and established businesses take advantage of the benefits of this type of financing. But before they do, they must understand the ins and outs of merchant cash advances.

Guide to Getting a Personal Loan from a Private Company

A personal loan is an ideal solution for people who need quick cash to cover expenses due to any number of issues. They can be used for anything from bills or educational costs to major ventures such as home improvement. A personal loan from a private vs public lender poses a unique set of circumstances.

Comparing Personal Loans

As the name suggests, a personal loan is used for individual needs or wants of the borrower’s choosing. Unlike a mortgage or boat loan, it is not approved for a specific purpose. People take out personal loans to pay for vacations or weddings, for instance. Other reasons borrowers get them are to make home improvements, consolidate credit card debt, or if money is needed for a sudden emergency.

How the Canadian Lenders Association is Elevating the Industry From ‘Alternative’ to ‘Innovative’

  Little over a year ago, there was no leading voice in the “alternative” lending space in Canada; no industry association to advocate on its behalf or network to help establish and spread best practices.   Fortunately, those resources are now available to the industry through the Canadian Lenders Association (CLA), an industry association dedicated…

Private Loans Canada - Smarter Loans

The World of Private Loans

Private loans come in all shapes and sizes and can be used for many purposes. They are termed private because the proceeds do not come from a government entity (common with student loans), or banks and credit unions (as do many business loans).

Personal Loan Types - Smarter Loans

Types of Personal Loans

here are many types of personal loans available today which enable borrowers to choose from a wide variety of funding options. Choices include small loans from friends and family to larger loans to finance ventures such as education or starting a new business. Flexibility in lending, in addition to more financial products, makes it easy to find funds with payment terms to fit any budget.

Secured Business Loans - Smarter Loans

How do Secured Business Loans Work?

Business owners of any kind who need money to start, improve, or expand their companies usually apply for secured business loans. This type of loan is similar to mortgages or automobile loans, for instance, because security collateral is required by the lender.

Boat Loans - Smarter Loans

How do Boat Loans Work?

Boat loans provide the funds needed to purchase a new or used boat for water activities like fishing, water skiing, sailing, and sometimes, living.

Home Renovation Loans - Smarter Loans

Loans for Home Renovations

Home renovation loans are ideal for the homeowner who has lived in a neighborhood they love in their perfect home for several years, but wants to improve or expand the house even more.

What is a Title Loan - Smarter Loans

What is a Title Loan?

Title loans let individuals get cash in exchange for the lender holding title to the vehicle until it is repaid. And the cost for these loans is many times over the cost of the average installment loan.