The Loans Canada team sits down with Gary Schwartz of the Canadian Lenders Association to talk about open banking.
The Ins and Outs of Asset Based Financing
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If getting approved for the loan you need is giving you a headache and banks are continually turning you down, you should consider looking into asset-based financing. Often referred to as title loans, asset-based financing or new asset-based financing and leasing. This type of loan allows you to get approved for the loan you want and need because it’s secured against an asset. A secured loan is less risky for a lender, therefore lenders are often able to not only approve more borrowers but are also able to provide larger loans.
Asset-based financing allows you to either use an asset you already own to secure a cash loan or allows you to finance or lease a big purchase you might not be able to afford otherwise. Watch our video Title Loans Explained for all the information you need.
Interested in title loans and asset based financing? Apply online today.
Or are you looking to finance a big purchase? Apply here.
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goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest
goPeer is Canada's first consumer peer to peer lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking...