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Whether you’re a consultant, contractor, or a retail business owner, your insurance needs are as unique as you are. TruShield offers small business insurance to protect your employees, customers, suppliers, equipment, inventory, and most importantly, yourself and everything you’ve worked hard to build. TruShield thinks it’s important that small business owners like you know exactly what you’re getting from your insurance company.
Tips on How to Take Your Restaurant on the Road with a Food Truc. Tips on How to Take Your Restaurant on the Road with a Food Truc. Tips on How to Take Your Restaurant on the Road with a Food Truc. Crowdfunding vs. Small Business Loans. Business Loans Rates and Fees. Crowdfunding vs. Small Business Loans. Crowdfunding vs. Small Business Loans. Summer Construction Survival Tips for Small Businesses. Summer Construction Survival Tips for Small Businesses. Small Business Loans By Lendified. Small Business Loans By Lendified. Tel: +1 844 451 3594 330 Bay Street, Suite 306, Toronto, Ontario M5H 2S8 Contact person: Troy Wright Mail: firstname.lastname@example.org Lendified Company Description Lendified is Canada's premier online lender for small businesses and offers a customizable platform available to financial institutions throughout the world.
Lendified Products and Services (no data) Lendified Map Lendified QR-CODE Lendified Web Site Lendified Edit this Company. How Creative Agencies can Benefit from Business Loans. Canada’s creative economy is growing.
Yet compared to their counterparts in the technology sector, creative agencies often struggle to find adequate sources of financing and working capital. While there are ample funds available for tech startups via investors, crowdfunding and grants, small businesses in the creative industry (such as graphic designers, photographers, digital agencies and advertising firms, to name a few) have traditionally had to go through big banks to apply for business loans.
This lengthy process would often result in rejection, leaving small shops out to dry. The funding landscape in Canada has changed in recent years and creative agencies can now access funds quickly through reputable online lenders that specialize in the needs of small businesses. Crowdfunding vs. Small Business Loans. Crowdfunding has proliferated in recent years, with platforms like Kickstarter and Indiegogo making the news alongside celebrity-backed projects and high profile startup success stories.
During this time, scores of online platforms have emerged offering small business owners an opportunity to create campaigns to fund projects of all sizes. Crowdfunding has grown in popularity but is just one of many sources of capital available to small businesses. Read on as we explore how crowdfunding stacks up against online lending and other small business financing options in Canada. How Crowdfunding Works Crowdfunding is an offshoot of crowdsourcing, the practice of using the internet to source input and ideas from the masses. Though concepts vary, crowdfunding works by connecting individuals in need of capital (“creators”) with funders (“backers”).
Not All Projects Get Funded While some projects are a good fit with the crowdfunding model, it’s not a fit for everyone. Crowdfunding vs. Small Business Loans – Lendified – Online Business Financing and Small Business Loans in Canada. Crowdfunding has proliferated in recent years, with platforms like Kickstarter and Indiegogo making the news alongside celebrity-backed projects and high profile startup success stories.
During this time, scores of online platforms have emerged offering small business owners an opportunity to create campaigns to fund projects of all sizes. Crowdfunding has grown in popularity but is just one of many sources of capital available to small businesses. Should You Buy or Lease Equipment for Your Business? To buy or to lease – that is the question.
Many small business owners find this a hard one to answer. Read on as we explore how equipment leasing stacks up purchasing the equipment outright. Pros of Leasing Equipment Conserve working capital: Purchasing equipment can require a significant chunk of working capital. This is one of the main reasons why the option to lease equipment exists. Cons of Leasing Equipment Higher cost: When you do the math and break down the numbers, equipment leasing is unfortunately one of the more costly financing options for small businesses. A Simple Guide to Small Business Funding. Core Values and Business Governance - Lendified. How Online Business Loans Can Jumpstart Sales for Auto Repair Shops.
Most of us have needed a boost at one point in time – something mechanics know all too well.
Similarly, most small business owners find themselves in need of capital every now and then and the auto industry is no exception. Auto repair shop owners can now get business loans online to fuel growth. Here are some examples of how additional capital could help jumpstart your business. Supe Up Your Marketing Although marketing and promotion can be costly, when done correctly, the return on your investment is well worth it.
Expand into Used Auto Sales As a trusted mechanic and auto care expert, it should be fairly natural to go from fixing cars to selling them. Cash Flow for Speed Bumps During slow times it’s not unusual for auto repair shops to run into a cash crunch. Sell Seasonal and Themed Auto Care Kits Selling creatively packaged “auto care kits” is a great way to lift the sales of auto shops. Got Another Brilliant Idea? Things you should know about Merchant Cash Advances. Why You Need a Business Loan (Not a Personal Loan) for your Business. We’ve all heard the sayings about “mixing business with pleasure,” warning that business and personal matters could be a risky combination.
This is especially true when it comes to finances. How Restaurant Loans can be the Secret Ingredient to your Restaurant's Success ~ Lendified - Online Business Financing and Small Business Loans in Canada. The restaurant industry has a reputation for being a tough but exciting one to work in – this is especially true for the small business owners behind it.
In addition to a passion for food and considerable knowledge of the hospitality business, another key ingredient is needed for a restaurant business to be successful. Capital is essential throughout the lifespan of your restaurant business. Below are 8 ways that restaurant loans can help your business thrive. 1 - Upgrade your Equipment or Furniture A restaurant loan can give your business a game-changing boost if you use the capital to purchase or replace equipment.
Other areas to invest in include furniture and décor. How Restaurant Loans can be the Secret Ingredient to your Restaurant's Success. The restaurant industry has a reputation for being a tough but exciting one to work in – this is especially true for the small business owners behind it.
In addition to a passion for food and considerable knowledge of the hospitality business, another key ingredient is needed for a restaurant business to be successful. Capital is essential throughout the lifespan of your restaurant business. Below are 8 ways that restaurant loans can help your business thrive. 1 - Upgrade your Equipment or Furniture. How to Get a Small Business Loan in Canada. For many small business owners in Canada, applying for a small business loan is a necessary part of managing a successful business. Whether for the purpose of cash flow, growth, expansion or consolidating debt, there are a number of borrowing options available to you as a Canadian small business operator. To start, carefully consider the various options based on your specific business needs.
Traditional bank loans were once the leading choice, the reality is that borrowing from one of Canada’s “big five” can be a long and tedious process. While a good option for some, these loans are not ideal for small business owners needing capital quickly. Applying requires much preparation, including obtaining documents, providing financial statements, and of course in-person visits to your local branch. Small Business loans and grants in Canada. Claire from Boutique Diamonds shares her story and advice for small business owners. P2P Lending: Is a Peer-to-Peer Loan Right for Your Business? P2P Lending: Is a Peer-to-Peer Loan Right for Your Business? P2P (short for peer-to-peer) lending refers to a model that connects investors with borrowers – both individuals and businesses – via an online marketplace.
P2P lending is also commonly known as marketplace lending or “crowdlending.” It works by using technology to match borrowers and investors directly, eliminating the need for traditional creditors such as banks or other financial institutions to act as facilitators.Without the overhead costs associated with a middleman, P2P service providers are able to pass the savings on to end users (borrowers and investors). For borrowers, peer-to-peer lending boasts many of the same benefits offered by online lending platforms: fast, flexible access to business capital at competitive rates. Meanwhile, the P2P lending platform gains revenue from charging service fees on each loan. Understanding P2P Lending in Canada. Equipment Leasing vs Online Equipment Loans. Do you need equipment for your business? Whether you need new equipment to take advantage of an opportunity or to replace broken or obsolete equipment, it is important to understand the options available today.
For years, equipment leasing has been the go-to option for business owners who want to avoid the large upfront cost of purchasing equipment. However, online business loans have quickly become a popular choice for those who want the benefits of owning equipment without the initial cost. This new form of financing allows business owners to get funding for any equipment they need without the collateral, lengthy application, and delays associated with securing a bank loan. Below is an overview of the advantages of each option so you can make the right decision for your business. Equipment Leasing vs Online Equipment Loans - What is the Difference? Contact Us: Instant small business loans approval. How to Improve Your Small Business Credit Score. Trusted Loans and grants lending company in Canada.
Access to a short-term small business loan – to take advantage of an opportunity or overcome a short-term obstacle – can be difficult and time-consuming. But it shouldn’t be. At Lendified, we offer a simplified, streamlined loan approval process that gives your business access to capital when you need it. The Lendified loan process uses innovation and technology to recognize your reputation, hard work and the potential of your small business to generate a LendScore. Our LendScore is the result of Lendified’s proprietary data and analytics engine. The LendScore aggregates and analyzes thousands of data elements and attributes related to you as the business owner, your business, your industry, and key markets that are reflective of your business’ credit performance. We’ve leveraged our depth of management resources and experience in the financial services industry to build the right technologically-assisted scoring model to get your business access to the funds it needs.
5 Ways To Use Small Business Financing. At Lendified, we are often asked what our loans can be used for. This is understandable since some forms of small business financing in Canada come with restrictions. Merchant Cash Advances. A merchant cash advance is a lump-sum amount given to a business in exchange for a daily percentage of credit card and/or debit card sales. It is common for merchant cash advance companies to work with your payment processor to withhold a percentage of your sales. What are the differences between a Merchant Cash Advance and Small Business Loan? Historically, merchant cash advances have had higher approval rates, less paperwork, and faster funding. This holds true when comparing them to traditional business loans; however, online business loans (such as those offered by Lendified) serve as a fast and easy option with high approval rates.
Today, the two key differences between a merchant cash advance and small business loan are the payments and interest rate. Split withholding: A credit card processing company will split your credit/debit card sales between you and the merchant cash advance company. Apply Online Small Business Loans. Small Business Loan Calculator Online. Get Small Business Loans in Toronto. Easy and Quick Online Loans for Small Businesses. Working Capital Loans. A working capital loan is a loan that finances the daily expenses of a business. It is designed to help maintain the cash flow needed to cover things such as wages, inventory, and marketing. Working capital loans can be a great option for small businesses; however, it has become increasingly difficult to secure this type of financing from a traditional lender.
Many will ask you to provide substantial collateral, such as your home. Today, there are working capital solutions for all kinds of businesses in Canada; however, you must make sure the type and timing of the financing meets your needs. What are the types of working capital loans? The most common types include: Credit Line: These allow you to draw funds as you need them and only pay interest on the outstanding balance. How quickly can I get my funds? The timing can range from days to weeks and varies according to the lender and loan type.