Getting a Truck Loan with Bad Credit
Almost everyone has to take out a loan from time to time to cover the costs of large purchases like homes and vehicles. Truck loans are particularly popular, with thousands of Canadians looking to buy trucks each year. Most people simply don’t have the cash saved up to buy a truck outright, so they…
How ConsumerCapital Offers Services Well Beyond Its Years
ConsumerCapital may be relatively new in the Canadian alternative lending ecosystem, but the company is already focused on establishing long-lasting relationships with its customers.
How to Buy a Home Guide
Buying a home is a fun and exciting time. For most Canadians it’s the single biggest financial transaction of their lifetime. As such, it’s important to do your homework and come prepared. In this guide, we’ll help you do just that by walking you through the steps of buying a home in Canada.
Econolease has solutions to fit every food service business in Canada
After 14 years supporting restaurants and food service providers in Canada, and with a wide range of products to choose from, Econolease’s sales staff is able to determine what lease, loan or rental product best fits each customer’s unique situation.
The State of Alternative Lending in Canada 2018 Study
Canadians are warming up to alternative lenders, but remain skeptical. When they’re in need of a loan, a majority of Canadians now look to online lenders as a viable alternative to traditional financial institutions, according to the State of Alternative Lending in Canada 2018 study conducted by online comparison service Smarter Loans.
Alternative Lending in Canada 2018 – Insights for Lenders
Interest in alternative lending products is growing steadily in Canada, and as more consumers explore available options they are generally finding the information, products and level of service they are looking for, according to the State of Alternative Lending in Canada 2018 study published by Smarter Loans.
Lending Mate Helps Canadians Get a Loan With a Little Help From their Friends
Rather than considering the credit rating of the borrower, Lending Mate provides guarantor loans, which only requires the borrower to have a qualified friend or relative vouch for their ability to pay it back.
Guide to Getting a No Credit Check Loan
Misfortunes such as sudden job loss, poor health, and the death or illness of a spouse do happen, oftentimes quite suddenly. At times like these, monthly bills continue to come in the mail; food and other necessities won’t wait either. When these problems arise, even someone with good credit for many years can find their finances in shambles. These types of scenarios present the need for a loan without a credit check.
Ferratum’s Finnish formula for success in Canada: winning business mantra, pioneering technology, and the Jorma Principle
Ferratum made its first footprint in Canada in 2015. In three short years, they have served more than 20,000 Canadian clients in Ontario, Alberta, and British Columbia — and they’re showing no signs of slowing down.
Qualifying for a Mortgage in Canada and the U.S.
Buying a home is a major expense; for most consumers it is the largest financial investment they will make in a lifetime. People that paid for their homes with cash make up the minority of homeowners. Simply put, having ready money to purchase a home is an ideal situation but is out of reach for most people. The path to owning a home more commonly involves qualifying for a mortgage.
Inside the World of Merchant Cash Advances
After being denied six business loans, Rhonda realized that because her business was new, most banks would not offer her enough financing to start her new venture. However, she had heard about an alternative to traditional lending known as a merchant cash advance, or MCA. Encouraged, she took off in the direction of getting funding via an MCA. And she is not alone; millions of start-ups and established businesses take advantage of the benefits of this type of financing. But before they do, they must understand the ins and outs of merchant cash advances.
How iCapital Helps Canadian Small Businesses Leverage An Often Forgotten Asset: Future Debit and Credit Card Sales
For nearly a decade, Toronto-based iCapital has been providing capital to Canadian small business owners of all shapes and sizes from coast to coast. Unlike traditional loan products, however, their merchant cash advance has absolutely no deadlines, no late fees, and is only paid out when small business owners are making money themselves.
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.”
Financing Equipment vs Leasing Equipment
A broad spectrum of customers either finance or lease equipment for business or personal use. And the list of the variety of equipment available is seemingly endless. The determining factors of whether to lease or finance equipment include a) who is the customer b) what the equipment is needed for and c) how long or how often it will be used.
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 to Get a Business Loan for a Restaurant or Bar
Anyone who aspires to open a restaurant or bar is in good company for sure. Worldwide, there are approximately 15 million thriving restaurants that rake in hundreds of billions of dollars annually. By some investment company accounts, bars and taverns in the U.S. alone grabbed $24 billion in 2015. This article points entrepreneurs in the right direction toward their own success.
How the Canadian Lenders Association is Elevating the Industry From ‘Alternative’ to ‘Innovative’
Little over a year ago, there was no leading voice in the “alternative” lending space in Canada; no industry association to advocate on its behalf or network to help establish and spread best practices. Fortunately, those resources are now available to the industry through the Canadian Lenders Association (CLA), an industry association dedicated…
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.
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.
Making the Holidays Magical
The holiday season creates pressure to spend—but many people find themselves short of cash. Either way, the children still need their prezzies and people still want to make the holidays a special time for their families. With flexible short term loans, Magical Credit gives Canadians a better financial option to get through the spending-heavy holiday season.
Truck Loans: Comparing the Merits of Fixed Versus Variable Rates
Vehicle loans are the one of the most common forms of financing. Terms may be as short as a couple of years or last for as long as six years. One of the decisions the buyer must make has to do with the type of interest rate. While a fixed rate installment loan is more well-known, it’s possible to secure a truck loan with a variable interest rate.
Cashco Financial Offers Canadians a Better Alternative to Payday Loans
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.