Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Peel Financial is an equipment financing company for small to medium-sized businesses. They have over 50 years of experience in the financing industry and have been providing solutions to business owners across Canada. They provide equipment loans and leases in many different industries like transportation, construction, office equipment, dental and manufacturing.
Peel Financial doesn’t just offer equipment loans. They can also help you finance a truck or trailer, as well as lease or refinance your equipment. Since they provide a few different business solutions, the approval requirements may vary depending on which product you choose and how much financing you want (if you don’t choose a lease).
That said, there are a few things you might need to qualify for the best leasing or financing deal, an affordable interest rate, and favourable repayment term, such as:
If you’re applying for equipment financing from Peel Financial, the first thing you’ll have to decide is whether you want a secured or unsecured loan. Each of these loan types has its benefits and drawbacks, be sure to weigh both options carefully before you make your decision:
Similar to many business lenders, all you have to do to apply for a loan or leasing contract with Peel Financial is to visit their webpage and fill out the appropriate application. You can also call or visit them at one of their service locations in Brampton (ON), Surrey (BC), Saskatoon (SK), and Winnipeg (MB), or send them an email for more information.
Once again, the documentation you need may vary according to what type of product you want and how much money you would like to borrow. That said, here some of the basic personal and financial details you will have to provide when you apply:
Additionally, there will be several boxes to check off, such as whether you have:
As mentioned, you may also have to fill out and sign a credit application so Peel Financial can have a better idea of how you would handle your future payments.
While Peel Financial has served clients in many areas of Canada, they mainly operate in Ontario and British Columbia, including the following cities:
Once again, when you work with Peel Financial, the costs you encounter can fluctuate depending on what type of product you’re applying for, how much financing you need, and how healthy your business finances/credit are. Nonetheless, here are some of the standard expenses you may have to budget for:
Typically, Peel Financial will collect your loan, lease, or refinancing payments via automatic pre-authorized debits, directly from your business bank account. So, if your account has insufficient funds upon any due dates, you may be subject to a penalty fee, additional interest, and a decline in your business credit score.
Before you apply for any credit product or leasing agreement, don’t forget to weigh the potential benefits and drawbacks, as they can have a positive or negative impact on the health of your business. When you apply for equipment financing or leasing through Peel Financial, here are some of the pros and cons you could experience:
Peel Financial FAQs
Why do I have to fill out a credit application when I apply?
How are financing and leasing contracts different?
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Equipment Loans | - |
|
|
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.