How to Qualify for a Business Loan
If you’ve looked into securing a business loan at all, you’ll understand that qualifying is a process. You’re going to need a great business plan, a decent credit score, and knowledge of the criteria of the institutions you plan to apply to. In many cases, you must already be in business and generating sales…
Magical Credit Helps Canadians Break the Payday Loan Cycle
Those who have taken out a payday loan know how easy it is to get into a cycle of debt, and how difficult it is to break free. Magical Credit helps Canadians break the vicious payday loan cycle by offering a much more affordable and convenient option.
How To Fund A Business Startup
Starting up a new business can seem like a fairly daunting task—there’s a lot that goes into getting it just right. Once you’ve got the idea and the business plan, it’s time to figure out where the money you’re going to need to get started will come from. The process of finding funding can be…
What Is A Payday Loan?
If you find yourself in a tight spot between paychecks, a payday loan may be a good solution but be extremely careful – it is easy to get sucked into something called a ‘payday loan cycle’ – at it can be vicious. These loans will spot you a little cash for the short term (1-2…
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.
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.”