Evolocity Brings Speed and Efficiency to Small Business Lending
Today, small businesses looking for a loan or cash advance of $10,000 to $250,000 only need to spend about 8 minutes on the Evolocity website, and if approved will receive a loan within 48 hours, no pen or paper required. In fact, the entire process can be completed on a mobile device.
){kind=link}
What Is A Personal Loan?
If you find yourself in a situation where you’re a little short on cash, taking out a personal loan might be the perfect solution to help keep you on your feet in the short term. Personal loans are perfect if you’re looking to start a home improvement project, paying off a large overdue bill, or…
){kind=link}
Customization and Partnerships Set Grow Financial Apart
Grow Financial is growing again: The Vancouver-based lending platform, which launched a partnership with Saskatchewan’s Conexus Credit Union in April, says another partnership is in the works for later this year with BC’s First West Credit Union.
){kind=link}
BDC’s Small Business Loan: Easy as Asking for a Credit Card
The Business Development Bank of Canada’s online small business loan program is simple, easy, flexible and quick. Edmonton-based online apparel retailer Gord Gable recently used it to upgrade his company’s website and called the experience ¨fanstastic¨.
){kind=link}
Catching up with Canada’s oldest alternative lender
The recently published “Breaking New Ground: The Americas Alternative Finance Benchmarking Report” – spearheaded by the Cambridge Centre for Alternative Finance – explores a market which produced $36.49 billion in funding volume in 2015. Of that total, Canada generated $206.96 million, up 240% from the $60.81 million that was recorded in 2014. The Cambridge report focused solely on the exchange-based platforms, i.e. marketplace lenders and a range of crowdfunders. Despite the somewhat limited scope of this report, it’s clear that Canada’s alternative finance space – while growing – is at an earlier stage in its growth trajectory than its neighbour the US (which has produced c. 99% of the funding that has to date been delivered by alternative financiers in the Americas).
){kind=link}
easyfinancial offers borrowers more than cash – it offers a “second chance”
In a country that owns the bragging rights to having the highest household debt of any G7 nation – and with a glaring need for loan options, personal lender easyfinancial steps in to help those Canadians who have been turned away by big banks.
){kind=link}
OnDeck to Expand Successful SMB Lending Platform in Canada
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.”
){kind=link}
Borrowell Finds Early Successes With All-Star Backers
The startup’s star studded team of investors and advisors includes former Dragon on CBC’s Dragons’ Den and author of the Wealthy Barber David Chilton, former dean of the Rotman School of Management Roger Martin, and the president of the Ranson Group, Sharon Ranson.
“They have to find the capital, and you know that anybody providing the capital, they have to be incredibly thorough in their due diligence to make sure the Borrowells of the world are well run, have the proper security in place, have a great management team and so on,” said Mr. Chilton. “They’ve done an excellent job in that and in establishing a lot of relationships.”
){kind=link}
Prepaid Debit vs. Credit
You like the convenience of online shopping but don’t have a credit card? Or maybe you have a credit card but don’t like using it to make online purchases. Not to worry. Prepaid debit cards are a great alternative and, in many ways, even preferable to using credit cards online.
){kind=link}
The How-to of Payday Loans
The family car breaks down. The furnace is on the fritz. Whatever the reason, you’re in need of a small dollar, short term loan. You’ve heard about payday loans but have never applied before and you’re wondering how to go about it.
){kind=link}