As the competitive landscape evolved, however, some of the original players went out of business, new ones arrived from the United States and elsewhere, and rates have lowered and grown more consistent between competitors. As a result, the Victoria B.C.-based small business lender Company Capital found that Canadian small businesses now have different priorities.
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.
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
The Fintech industry is changing the way Canadian small businesses are accessing growth capital. Lenders like Company Capital are able to help the small businesses that are rejected by the banks, by offering them a quick and easy alternative.
Company Capital is in the corner of the Canadian small business owner, offering an alternative to the traditional loan process—with a personable element to boot. Their structure is designed to get you and your business on its way to success, and they do that by making the loan application process as easy as striking up a conversation.