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Unlike most bank loans to small businesses, government loans may be unsecured. Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more ...
Consider a secured installment loan: Some lenders offer secured installment loans to those with poor credit. These loans are backed by collateral, like a house or car, reducing the risk for the ...
goeasy Ltd. is a Canadian alternative financial services company based in Mississauga, Ontario.It operates with three business units – easyfinancial, which offers loans to non-prime borrowers; easyhome, which sells furniture and other durable goods on a lease-to-own basis; and LendCare, a provider of point-of-sale consumer financing.
SMB Compass is a fintech lender offering a variety of business loans, including alternative small business financing like invoice financing, purchase order financing, SBA loans and asset-based ...
Money Mart in Toronto. Money Mart Financial Services, formerly Dollar Financial Group, is a financial services company with over 350 locations in Canada and the U.S.The company offers a range of financial services, including Personal loan, installment loan, cash advance /payday loan, check cashing, prepaid card, and money transfer services.
SBA loans are administered by lenders but backed by the U.S. Small Business Administration. A perk is that the SBA does not require collateral for SBA loans of $50,000 or less.
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