One of Canada’s newest small business lenders is using the latest technologies to offer clients a more seamless financing experience, designed to meet the challenges of an uncertain economy.
Fairstone is an experienced leader in the Canadian financial market and has been providing their services for close to 100 years. They are Canada’s number one, non-bank solution for loans and other financial needs and also strive to have a strong community presence.
It’s almost too good to be true, but that’s what we love about our business; we get to help people realize their home buying dreams, and do it in a way that saves them a lot of time, money, and confusion.
We will explore the differences between three of the most common types of lenders and the various small business funding options they offer.
Compared to Canada’s traditional and often conservative lenders with high credit standards like the major banks, 2M7 has a more open philosophy and liberal funding approach, proudly approving 97% of all applications submitted through its website.
At this point in time there is no clear indication of when we can expect business to return to some level of normalcy, and in the interim countless small business owners are at risk of going bankrupt. In addition to the measures taken by the federal government last week, there have been further developments Canadian entrepreneurs should know about.
The Toronto-based payday lender, which has been offering Canadians speedy loans since 2012, has built a reputation for providing safe and reliable loans in a hurry.
For a large of number of Canadian homeowners, a portion of their monthly mortgage payment goes toward a mandatory CMHC (Canada Mortgage and Housing Corporation) fee. It is automatically added to the payment to cover mortgage default insurance. The result is an increase in the amount due every month. But there are creative ways to lower or avoid CMHC insurance for those who are required to have it in place.
The cost of credit is not exactly free, yet borrowers do save tons of money with prime interest rate loans. We’ve researched predictors of changes in prime rates and share that information to help you make sound financial decisions that will cost you the least money.
Guarantor loans are exploding in popularity as the country’s only provider of the unique alternative loan type, Lending Mate, continues its national expansion.