There are more small business loan options available today than ever before, but finding the right loan for your business may require a little digging. Fortunately, there are plenty of great options available – you just have to know where to look.
The imbalance between the relative successes of Canada’s major financial institutions and the relative anonymity of its FinTech sector was a key area of focus throughout the daylong AltFi Toronto event. The stage played host to a range of experts from tech and finance, from Canada and abroad, each offering their thoughts on why the country’s FinTech industry is lagging behind, and how best to enable it to catch up.
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.
Since its first loan in 2007 OnDeck has received stellar reviews from third party rating systems, including an A+ rating from the New York Better Business Bureau, a Net Promoter Score of 73 and a rating of 9.5 out of 10 in customer reviews on TrustPilot. The company is also listed on the York Stock Exchange under the symbol ONDK, and market insight publication Seeking Alpha recently called OnDeck a “fast growing fintech with revenue growth projected at 30% for the next few years.”