Bigger is Better: How Peel Financial Uses Its Dominating Size to Fight For Its Customers
Being the country’s oldest and largest equipment finance broker has its advantages. Founded over 15-years ago, Brampton, Ontario-based Peel Financial has the largest group of credit analysts in the country, offering a wide range of equipment financing options primarily to the trucking and transportation industry.
SkyCap Financial Wants to Help Clients Get Back to Borrowing from the Bank
While some short-term lenders seek to keep their customers on a cycle of payday loans with high interest rates, the Kingston-Ontario based alternative lender strives to get its customers back to borrowing at lower rates from the banks. “The goal for us is to help that client to not have to borrow with us,” said SkyCap Financial president Jeremy Wilson. “We want the client to get back to being able to borrow with a bank.”
AutoArriba Brings Speed, Automation and Peace of Mind to Private Auto Sales
In recent years Canadians have been provided with a host of digital solutions for auto financing, but the speed and efficiency they offered was never made available to private sellers, until now. Newly launched AutoArriba now looks to bring the same services Canadians have come to expect from dealerships and online auto lenders to peer-to-peer, private auto transactions.
Installment Loans on the Rise as Payday Loan Rules Tighten
In early May, Toronto was the latest of a host of municipalities to crack down on payday lenders. They imposed bylaws to restrict business activities by limiting the number of physical locations and requiring operators to be licensed. Meanwhile, the Ontario government had already decreased the cost of a payday loan from $21 to $15 this year.
How Rifco’s New Online Brand, Splash Auto, Is Turning the Auto Financing Process Upside-down
Rather than waiting until the end of the transaction to know where their credit stands, Canadians can now secure financing online before walking into a dealership. That is because Rifco—the same company that has been offering Canadians non-prime auto financing since 2002—now has a new online brand, Splash Auto, that can answer all of their auto financing questions before leaving home.
How Merchant Advance Capital is Doubling Down On Its Commitment to Canadian Businesses
As businesses grow from startups to success stories they often look to new markets where they can expand their operations. After eight years building a reputation as a reliable and friendly business lender in Canada, however, Merchant Advance Capital is instead growing the suite of products and services it offers its existing client base in the Great White North.
How Fetch Auto Brings Dealership-Level Services to Private Online Auto Sales
Private car sales often had to take place through unverified ads on online public forums; there was no financial assistance of any kind, nor any inspection of the vehicle by a licensed professional, and certainly no way to guarantee the safety and security of either buyer or seller.
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.