It takes only a 5-10 minutes to apply. Full transparency with good rates and no hidden fees It is an open loan that can be paid out in full without penalty Can receive funding within 48 hours
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Why Us?
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Business Requirements
Must be an operating business for at least one year Must have at least $100,000 plus in annual revenue Must be a Partnership or Corporation
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Documents Required
Year to date Balance Sheet and Income Statement Fiscal Year End Financials CRA Account Summary 6 months of Bank Statements
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Term Loans
Terms are 3 months to 5 years Financing available between $5,000 to $250,000 Interest rates range between 5.9% to 26.5%
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About Business Loans with Canadian Financial
Canadian Financial caters to small and medium size business only Canadian Banks will not fund you unless in business more than 3 years. We will fund a new business 6 months old. Unsecured business loans require no liens/collateral to obtain financing. Canadian Financial will finance credit scores as low as 500. Canadian Financial will finance up to a maximum of $500,000 based on revenues. At least $5000 per month in gross revenue is required to get funded. Flexible loan repayment tailored to your sales cycle. No worries about late payment. No penalties.
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