Cashco now offers customers installment or “flex” loans from $500 to $7,000 for a term of up to 60 months to help them make ends meet without having to turn to a payday loan provider.
Magical Credit, the short term lender known for helping its customers get out of the payday loan cycle through manageable low monthly payments, has added a new product to its offering for those farthest in the deep-end.
Borrowell is a fintech startup based in Toronto that uses technology to make financial services fast, fair and friendly. Along with offering Canadians access to their credit scores for free, Borrowell believes Canadians deserve more choice and more transparency when it comes to their personal finances.
Evolocity has set out with one main goal in mind, to offer Canadian SMBs access to the working capital they so desperately need to sustain operations, and to offer it to them quickly and easily.
After providing small businesses with impossibly low lending rates while bringing high returns to everyday investors in places like China, the United States and the UK, peer-to-peer lending has finally made its way to Canada.
There’s no magic behind the success of Toronto-based subprime lender Magical Credit. Rather its rise is largely tied to advent of what’s referred to as the fintech revolution. The upstart financial company has quickly established a niche in the Canada’s lending marketplace as online provider of medium-term, fixed loans to Canadians in a cash flow crunch often with nowhere else to turn.
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
More and more Canadians are turning to installment loans as high-interest payday loans continue to build a bad rap in the alternative financing world. In this feature, Magical Credit explains installment loans, a better alternative to the familiar payday loan.
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.
Unlike other Canadian lenders, Magical Credit does not make applicants jump through an unsightly amount of hoops in order to be approved for a simple quick cash loan. When it comes to the holiday season, this difference is paramount for consumers with apparent bad credit.