Canada small business financing program guidelines
Many small businesses find themselves taking out loans in order to grow. If you get a large order, you may need a loan in order to get the parts to make your item so you can fulfill that large order and help your business increase its productivity. Unfortunately, many small and/or new businesses struggle to get the financing them need.
When small businesses are looking to be financed, most traditional lenders will look at a few different things. They will look at the business credit score, they will look at how long the business has been around and they will look at how much money the business has coming in. The downside to this is that many new or small businesses do not yet have an established credit score, they have not been around long and they do not have much money coming in. They need the loan to establish their credit and increase their sales, but they cannot get it because they don't yet have those things. Sounds very off, doesn't it?
Fortunately though, if you are looking for small business financing for your small or new business, there is another option. Bad Credit Loans Canada can help you more readily get the financing you need to help your business grow and thrive. But how can we do that?
First and foremost, we have different Canada Small Business Financing Program Guidelines than traditional lenders. We know that your business has not yet been around long enough to establish a business credit score or earn large sums of money. Instead, we judge your business based on the information we do have about you. What do you need the money for? A pending order? How much is that pending order? These are the questions we may ask you in order to approve your loan.
Bad Credit Loans Canada is a private lender who offers loans online. We are able to approve more individuals than banks and traditional lenders. If banks and traditional lenders have told you they cannot finance your loan, we may be the best option for you. Simply fill out an application online today and let us go to work getting you and your business the money you need.