Questions to Ask Before Applying for Small Business Loans in Toronto
While it’s possible to manage many expenses on a cash basis, there are times when a small business owner will seek some type of outside financing. Before submitting any applications, it makes sense to ask a few questions and use the answers for the good of the business. Doing so will make it easier to…
Former Bank Executives Launch Lendified.com To Fill Canada’s Small Business Lending Gap
Rather than spending countless hours preparing applications and business plans only to wait weeks or even months to find out if they qualify for a bank loan, small businesses across Canada are now able to visit Lendified.com and get funded in as fast as 48 hours.
OnDeck’s Success Story in Serving Small Businesses
One of the pioneers in Canada’s fintech lending space, OnDeck fills the financing gap to small businesses such as local hairdressers, restaurants and mom and pop shops – often underserved by the major banks.
Alternative Lender Company Capital Recognizes “Stuff Happens” To Every Small Business
Unexpected stuff happens to every small businesses. It can be an unplanned opportunity or an unexpected emergency.
And for alternative lender Company Capital, those are the stories they hear regularly from potential borrowers. One of the nation’s most successful fintech lenders, providing short-term loans to small businesses, its ability to scratch below the surface of a computer algorithm to understand its customers is what sets it apart.
How to Get a Business Loan from the Government
Government business loans help boost local economies in Canada. One of many programs available is the Canada Small Business Financing Program (CSBFP).
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).
What is an Unsecured Business Loan?
Few banks offer unsecured business loans, especially to start-up companies or those with bad credit. However, there are ways to get unsecured loans from other sources as well, eliminating the need to put personal or business property at risk.
Staying Afloat with Working Capital Loans
Working capital loans are used to finance the daily operation of a business. They are not designed to buy long-term assets or to make investments. As such, the proceeds from a working capital loan can be the “bread and butter” of the business that keeps it functioning while the business experiences growth.
Company Capital’s Midas Touch is its Personal Touch
Easy application and turnaround time of 24 to 48 hours means Canadian small business owners can have money in their hands sooner and easier than ever
Business Loans for Minorities
Finding Minority Business Loans in Canada Canada is a country known for its diverse population and multiple cultures. This has a positive impact on the country when it comes to living, entertainment, education, and business. Minority owned-businesses are widely accepted and welcomed in Canada. Because of this, the government offers several ways to assist minority…