#Lendify

[figinvestmentsolutions]

Alternative Lenders in Canada: A New Path to Financing

When it comes to borrowing money in Canada, the traditional route—big banks—isn’t the only option anymore. In recent years, alternative lenders have carved out a significant space in the financial market, offering more flexible, faster, and often more accessible financing solutions.

Whether you’re an entrepreneur needing capital, a homebuyer who doesn’t qualify under strict bank criteria, or someone looking for personal loans with less red tape, alternative lenders in Canada may be exactly what you need.

What Are Alternative Lenders?

Alternative lenders are non-bank financial institutions that provide loans and credit to individuals and businesses. These can include:

Private mortgage lenders

Credit unions

Peer-to-peer lending platforms

Online-only lenders (FinTech companies)

Mortgage investment corporations (MICs)

Unlike traditional banks, alternative lenders often have more flexible lending criteria, making them an attractive option for borrowers who may not fit the mold.

Why Canadians Are Turning to Alternative Lenders

✅ Easier Approval

Self-employed? New to Canada? Credit score under 650? Big banks may say no—but alternative lenders often say yes.

⚡ Faster Process

Alternative lenders streamline approvals and funding. Many online lenders can approve and deposit loans in as little as 24–48 hours.

🧾 More Custom Options

From interest-only mortgages to flexible repayment terms, alternative lenders offer more variety to suit unique financial situations.

🔐 Privacy and Innovation

Digital lenders offer encrypted, secure platforms, and many use AI to customize loan offers based on your financial behavior—not just your credit score.

Who Typically Uses Alternative Lending in Canada?

First-time homebuyers who can’t pass the mortgage stress test

Small business owners who need fast access to working capital

Real estate investors seeking short-term financing or bridge loans

Consumers consolidating debt or managing unexpected expenses

People with less-than-perfect credit trying to rebuild or establish a credit history

Popular Types of Alternative Lending Products

Private Mortgages Short-term, interest-only loans backed by property. Great for buyers who need time to repair credit or prove income.

Business Loans & Merchant Cash Advances Used by small businesses to fund operations, buy equipment, or cover cash flow gaps.

Installment Loans & Personal Lines of Credit Offered by FinTech platforms like Fairstone, LendingMate, and GoPeer.

Home Equity Loans & HELOCs Borrow against your home equity even if your bank says no.

Invoice Factoring & Equipment Financing Ideal for B2B companies or tradespeople looking to grow.

Top Alternative Lenders in Canada (2024-2025)

Here are some well-known names in the Canadian alt-lending space:

Home Trust & Equitable Bank – For mortgages and secured loans

Fairstone – For personal loans and debt consolidation

Lendified, OnDeck, Thinking Capital – Business financing

goPeer – Canada’s peer-to-peer lending platform

FundThrough – Invoice factoring for small businesses

Note: Always compare rates, fees, and repayment terms before committing.

Pros & Cons of Using Alternative Lenders

✔ Pros:

Faster approvals

Flexible credit requirements

Innovative loan structures

Easier access for self-employed or new immigrants

✘ Cons:

Higher interest rates than banks

Shorter terms

May require collateral or higher fees

Is Alternative Lending Right for You?

If you’ve hit a wall with traditional lenders—or simply want to explore faster and more creative solutions—alternative lending could be a game-changer. It’s especially useful for people with:

Unconventional income

Poor or limited credit history

Urgent funding needs

Short-term financial gaps

However, due diligence is key. Read the fine print, understand the full cost of borrowing, and make sure the lender is reputable and transparent.

Final Thoughts

The lending landscape in Canada is evolving—and alternative lenders are leading the charge. They’re empowering Canadians with more choices, faster service, and customized solutions that big banks simply can’t offer.

Whether you’re looking to grow your business, buy a home, or navigate a financial hurdle, an alternative lender might just be your best bet. Just make sure you do your homework, and when in doubt, speak with a financial advisor or broker who understands this growing sector.

[aktieportfoljen]

Ränteintäkter & amorteringar

Idag blev jag varse om att jag hade fått tillbaka lite amorteringar och ränteintäkter från fastighetslån i Kameo. Jag återinvesterar pengarna i kommande fastighetsprojekt. Vad är då detta? De flesta av er känner säkert till fastighetslån och peer to peer-lån, men här ger jag en kort sammanfattning av de plattformar jag använder.

Kameo och Tessinär plattformar för lånebaserad crowdfunding där…

[ihallandeinvesteringar]

Ny portfölj hos Lendify igång

#lendify #p2plån #lån #pengar #p2p #pratapengar #finans #investera #investeringar Som rubriken lyder så har jag en ny portfölj hos Lendify som jag tänker bygga upp sakta men säkert. Planen är att investera cirka 500 till 1000 kr i månaden i flera år. Utöver det så ska jag även återinvestera avkastningen så att jag nyttjar ränta-på-ränta effekten.

Inlägget är reklam för Lendify och innehåller annonslänkar. [Läs Mer]

Som rubriken lyder så har jag en ny portfölj hos Lendify som jag tänker bygga upp sakta men säkert. Planen är att investera cirka 500 till 1000 kr i månaden i flera år. Utöver det så ska jag även återinvestera avkastningen så att jag nyttjar ränta-på-ränta effekten.

För ett par år sedan så hade jag en portfölj hos Lendify men…

[nuadox]

The Canada FinTech Forum reveals finalists at its 2018 startup pitch contest

- By Phil Siarri , Nuadox -

This is a follow up to an announcement we published back in July. The Canada FinTech Forum, a major event of its kind in the country, today revealed the ten finalists at its “Fintech Start-up Pitch Contest” which will take place at the end of the month in Montreal.

Cinchy: “The smart alternative to data sharing” (Toronto)

CreditScript: “Target 8-9%* + p.a. from investing in secured loans” (London, UK)

Fligoo: “We are a Big Data & AI expert company. We solve companies toughest challenges through innovative application of proprietary technologies” (San Francisco)

Goose Insurance: “Goose is travel insurance made easy” (Vancouver)

Lendified Technologies: “Business loans that are fast, affordable, and build your credit” (Toronto)

Nesto: “Welcome to the bright side of mortgages” (Montreal)

Owl: “Supercharged salesbot for banks and insurers” (Vancouver)

QuantCube Technology: “Artificial intelligence for economic intelligence” (Paris, France)

Senso: “Predictive portfolio management for the retail banking industry” (Toronto)

Symend: “Reach. Engage. Treat. Retain.” (Calgary)

The winners will share $ 230,000 in prizes: 

$15,000 public’s choice prize offered by Mackenzie Investments

$15,000 in-kind communication services prize offered by Edelman Montreal

Two Jury prizes of $25,000 each offered by the event’s organizer (Finance Montréal)

$150,000 financing offer from Luge Capital.

Source: Finance Montréal

Purchase tickets to the Canada FinTech Forum (October 29,30,31)

Read Also

The Canada FinTech Forum will be back in October

[icapitalservices]

What is a small business loan scheme?

What is a small business loan scheme? It's a government-backed program designed to provide small businesses with funding. There are no minimum or maximum loan amounts, and the repayment terms and conditions vary from scheme to scheme. 

A typical small business loan can be used for core operating costs and capital expenditure. As with any type of loan, there are specific terms and conditions that apply, you can check this page. Defaults will result in immediate repayment and a default interest rate.

Many credit unions and banks offer micro-loans to small business owners. The amount of money available can vary from region to region, but typically a micro-loan is around $15,000. 

These loans can have a significant impact on your business. In some cases, these loans may not even be the total you need for your business. These loans are also great for short-term emergencies, such as unexpected equipment costs, or other unexpected expenses.

A small business loan provides cash flow and is used to meet day-to-day expenses and cover emergency costs. It can be taken from banks, NBFCs, microfinance institutions, or digital lenders. 

These loans typically have a fixed tenure of one to five years. A secured working capital loan can be taken out for up to 20 years. This type of loan is backed by the government, and it has no pre-requisites.

Lendified offers a small business loan to help entrepreneurs expand their services, hire top talent, and promote their brand. These loans are perfect for building a successful restaurant, pub, or ice cream parlor. 

In fact, they can even help you expand your existing business. These loans can be used to pay the bills while you work on establishing your new product or service. There are many options for funding a small business with a Lendified loan.

A small business loan is a great way to start a new company or expand your existing business. It has many benefits. It can match your business plan and financing needs, and it can be a fast and easy process. With a 95% approval rate, the program can be a fantastic option for growing a small business. 

There are different types of loans, and each has its own requirements and qualifications. If you are a Canadian small business, Lendified will be able to meet your needs.

The Canada Small Business Financing Program allows Canadian companies to negotiate loans of up to $1 million. To qualify, you must approach a financial institution that supports the program. Most banks are prepared to assist you with your application. These lenders share the risk with the government and the federal government. 

The program is supported by all provinces and territories in Canada and is designed to improve access to funding for small businesses. There are no fees associated with the program, but it does require a minimal equity stake.

[setoelkahfi]

Komparasi Layanan Komparasi Pinjaman Pribadi

Komparasi Layanan Komparasi Pinjaman Pribadi

TLDR; Judul ini adalah kalimat bahasa Indonesia yang valid. Berikut adalah hasil kompilasi layanan komparasi pinjaman pribadi di Swedia. Sambla.se 4,8: 1 897 ulasan di Google Lendo 4,6: 500 ulasan di Google Advisa 4,5: 264 ulasan di Google Compricer 4,5: 187 ulasan di Google Lendify 4,3: 84 ulasan di Google Demikianlah komparasi layanan komparasi pinjaman pribadi di Swedia. Judulnya…

[kultejas]

Crypto loan protocol Lendefy to build on newly launched reef chain »CryptoNinjas

Crypto loan protocol Lendefy to build on newly launched reef chain »CryptoNinjas

Reef Finance, a newly launched Daffy blockchain built using the substrate framework, today welcomes Lendefy into its growing ecosystem as one of the first loan projects to build on the reef chain. The Lendefy Protocol facilitates leveraged trading and secured lending in a trustworthy environment. The integration of Lendify on the reef chain will introduce a credit pool directly linked to the reef…

[thebestify]

Small Business Borrowing Guide: Is Lendified's small-business loan worth the cost? - The Globe and Mail

Small Business Borrowing Guide: Is Lendified’s small-business loan worth the cost? – The Globe and Mail

This article is part of The Globe and Mail’s Small Business Borrowing Guide series, which will run weekly on The Globe’s Entrepreneurship page until November.

Lendified

As a former banker, Kevin Clark is familiar with the struggles small businesses experience accessing capital.

After working in banking for 30 years, including senior roles at Bank of Nova Scotia, Mr. Clark co-founded Lendified…

[marketingforjustice]

A tweet

"Lendify wants to be more like Airbnb than Spotify https://t.co/RPeiuoXkm0 http://pic.twitter.com/5EkEZykj5e"https://t.co/jjo6zJZsv5

— MarketingForJustice (@market4justice) October 18, 2017

[incatalogueanpic]

In Ấn Anpic – Nổi Tiếng In Đẹp In Nhanh Số 5 Ngõ 75 Nguyễn Xiển, Thanh Xuân, Hạ Đình, Hà Nội 0963223884 baogiainananh@gmail.com https://anpic.vn https://g.page/inananpic In nhãn mác Anpic ✅ In brochure Anpic ✅ In card visit Anpic ✅ In catalogue Anpic ✅ In thiệp cưới Anpic ✅ In tờ rơi Anpic https://anpic.vn/in-nhan-mac-dep https://anpic.vn/in-brochure https://anpic.vn/in-an https://anpic.vn/in-voucher-in-phieu-giam-gia-khuyen-mai #inananpic

[autosocialanpic]

via Brand New https://www.facebook.com/pg/In-nhãn-mác-Anpic-104253664262725 https://twitter.com/inbaobianpic https://intoroianpic.tumblr.com https://trello.com/incardvisitanpic https://drive.google.com/drive/folders/1zy8Z4JxIALCuIwsh53pyv78e3ybn0EX9 In ấn Anpic

[aktieportfoljen]

Fastighetslån som investering

Jag har några ränteplaceringar utanför börsen i Kameo och Tessin fastighetslån samt personlån via Brocc och Lunar (tidigare Lendify). Nedan en en ögonblicksbild av kontot på Kameo idag. Jag är med i 21 pågående fastighetsprojekt och den genomsnittliga räntan är 8,29%. Jag har fått återbetalt med ränta i ca 40 projekt. Jag återinvesterar amorteringar och ränteintäkter i nya projekt. Inget projekt…

[ihallandeinvesteringar]

Omröstningar i gruppen för P2P-lån på Facebook

#p2plån #p2p #sverige #investera #pratapengar #avkastning #finans I det här inlägget så tänkte jag sammanställa en del frågor och dess svar från gruppen om P2P-lån på Facebook. Gruppen har runt 700 medlemmar så underlaget är inte det största men det kan ändå ge ett hum om vad svenska investerare i P2P-lån tycker.

I det här inlägget så tänkte jag sammanställa en del frågor och dess svar från gruppen om P2P-lån på Facebook. Gruppen har runt 700 medlemmar så underlaget är inte det största men det kan ändå ge ett hum om vad svenska investerare i P2P-lån tycker.

Jag ställde frågorna av ren nyfikenhet för att se hur pass nöjda svenska investerare faktiskt är. Sen insåg jag att jag lika gärna kan sammanställa…

[intoroianpic]

In Ấn Anpic – Nổi Tiếng In Đẹp In Nhanh Số 5 Ngõ 75 Nguyễn Xiển, Thanh Xuân, Hạ Đình, Hà Nội 0963223884 baogiainananh@gmail.com https://anpic.vn https://g.page/inananpic In nhãn mác Anpic ✅ In brochure Anpic ✅ In card visit Anpic ✅ In catalogue Anpic ✅ In thiệp cưới Anpic ✅ In tờ rơi Anpic https://anpic.vn/in-nhan-mac-dep https://anpic.vn/in-brochure https://anpic.vn/in-an https://anpic.vn/in-voucher-in-phieu-giam-gia-khuyen-mai #inananpic

[nuadox]

Canada FinTech Forum names 2018 startup pitch contest winners

- By Phil Siarri , Nuadox -

Four Canadian startups won top honors yesterday at the FinTech Startup Pitch Contest, which took place during the 2018 Canada FinTech Forum, the country’s largest FinTech event. I had the pleasure of witnessing the pitches in Montreal.

The ten finalists, chosen among 118 start-ups from Canada, the United States, Europe, Asia and Africa, had the opportunity to showcase their innovative solutions to a panel of judges.

OWL.co and Symend each won a $25,000 jury prize, awarded by Finance Montréal and the public’s choice prize of $15,000 from Mackenzie Investment was awarded to Nesto.

Symend also received a $150,000 investment offer from Luge Capital. Luge Capital and BDC Capital, through its Women in Technology Fund, extended an offer of $150,000 each (for a total of $300,000) to Lendified, and Edelman Montréal added $15,000 worth of communication services to the prize.

Source: Finance Montréal

Read Also

The Canada FinTech Forum reveals finalists at its 2018 startup pitch contest

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Best Small Business Loan Providers in Canada for 2020

Whether you need $5,000 or $500,000, one way to get some much-needed cash flow into your business is through a small business loan. There are many small business loan providers in Canada, and it can be time-consuming to figure out which ones to reach out to. Smarter Loans, the online resource if you’re in Canada and seeking financing, has made the process much easier.

Smarter Loans worked with a panel of industry experts to review Canada small business loan providers and put together a list of top companies offering small business loans. All lenders had to meet the following criteria to be considered for the “Best Business Loan Providers 2020” awards:

Must be licensed to operate in their provinces of service

Must have been in business for at least two years with a proven track record and readily available customer support

Must exercise responsible lending practices and comply with Canadian underwriting and collection practices

Must be committed to safety and security and take all reasonable measures to protect customer data and personal information

Must have full, verified profiles on Smarter Loans Must be recipients of the Smarter Loans Quality Badge

And the winners are …

Thinking Capital, the first and largest online small business lender in Canada. Over the past decade, Thinking Capital has provided over a billion dollars to over 15,000 small businesses. Interest rates start at 8.39%, and loans are offered from $5,000 to $300,000. Loan terms range from six to twelve months, and loans are available throughout Canada.

OnDeck Canada has provided over $12 billion in financing for over 100,000 businesses globally. Easy loan applications take less than ten minutes to complete, and loan approval can happen in as little as one business day. After your loan is approved, funds can be transferred into your account in as little as 24 hours. Interest rates start at 8%, and loans range from $5,000 to $300,000. Loans are available throughout Canada with terms of six to eighteen months.

IOU Financial has an A+ rating from the Better Business Bureau, and has provided over $600 million in funds for small businesses. With a three-minute loan application, and an 85% pre-approval rate for all loan applications, loans up to $100,000 can be approved within 24 to 48 hours. Interest rates start at 9.25%, and loans range from $5,000 – $150,000, with terms of six to eighteen months. Loans are available throughout Canada except for Quebec.

Merchant Growth uses technology and customer care to help you determine the right financing for your business. Offering loans from $5,000 to $500,000 throughout Canada, interest rates start at 12.99% and terms are from six to 18 months.

CanaCap approves 90% of loan applications, with funds deposited in one to two days. Interest rates start at 29%, and range from $5,000 to $100,000, with terms of four to six months. Loans are offered throughout Canada except for Quebec.  

SharpShooter Funding provides loans up to $500,000 for businesses that have a minimum of $200,000 in revenue. Loans don’t require collateral or minimum credit scores. Interest rates start at 5.49% for financing of $4,000 to $300,000, with six to 60 month terms. Loans are available to businesses throughout Canada.

iCapital boasts a 98% acceptance rate on all loan applications. The company’s goal is to make funding painless. Interest rates start at 6.75%, with loans ranging from $5,000 to $250,000. Terms run from three to eighteen months, and loans are available throughout Canada, except for Quebec.

Company Capital guarantees the best loan rates and service in Canada. The company is 100% Canadian privately owned, and loan interest rates start at 6.87% for loans ranging from $5,000 to $100,000 for terms of three to eight months. Loans are offered throughout Canada except for Quebec.  

Lendified was started by former bank executives who saw a need in the market to help small businesses get capital quickly. Interest rates start at 8.99% for loans of $5,000 to $150,000, with terms of three to 24 months, for businesses throughout Canada.

Best Small Business Loan Providers in Canada

If you’re in the market for a small business loan in Canada, this list of top lenders will help you quickly find the right financing source. Smarter Loans wishes you success in your quest for capital!

    The post Best Small Business Loan Providers in Canada for 2020 appeared first on SmartHustle.com.

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