SMALL BUSINESS LOAN FINANCING TORONTO
Time-effective home equity loans to provide you with the cash you need.
We can get you the financing you need
regardless of its purpose. We have solutions.
Looking to grow your business? If your wealth is tied up in assets, North Creek Financial can provide you with a small business loan that can meet your needs. Whether you’re a restaurateur or a medical professional looking to start your practice, we can help to unlock your personal assets through a home equity line of credit, which can go a long way in ensuring your business’ success.
Small business loans are especially a benefit to seasonal businesses who will have the freedom to adjust their daily sales accordingly. For example, a summer business can choose to lower their monthly payment in the winter months; however, the lower the payments, the longer it will take to pay off.
Unlike the banks, we never require a credit check or proof of income. With us, you can receive up to 85 percent LTV with an interest rate starting at 6 percent per year for a term that can run as long as 24 months.
Banks are reluctant to provide a loan to aspiring entrepreneurs, despite a presenting them a solid business plan and mountains of supporting documents. North Creek Financial will never ask for excessive supporting documentation or a letter of employment.
Eligibility For Small Business Loan Financing
Whereas most brokers focus only on specific industries, we can finance any type of business. Other financial institutions have restrictions, such as having to be in business for over a year, have a minimum credit score, have an active commercial lease, and have a sizeable income. We have no restrictions because we provide home equity loans, which allows us to offer anyone a loan with the desired amount of funds through a customizable plan that works best for you. However, you must be a Canadian-based business as we are a 100% Canadian brokerage.
We Make It Easy
Online private lenders like North Creek Financial are filling a gap in the financial technology (fintech) world because banks are becoming increasingly stringent on who they provide loans to. The convenience we provide is just one of our many benefits, with a quick and simple application process whether it be on a laptop, your mobile phone or in-person. We only require your basic information and the terms/size of the loan you wish to receive. Once you’re approved by our technology platform, individual lenders provide funding through an online ‘marketplace’. Typically, your loan will be approved within three days, and in many cases same day.
Applying for a small business loan with North Creek Financial is easy! Apply online today at https://northcreekfinancial.ca/apply/ to realize your business’ potential.
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You’ve got questions, we’ve got answers. Use the form below any hour of the day.