All loans are subject to credit and underwriting approval. Further documentation may be requested from you. Canadian Cash Solutions is not a lender but a lead referral company and may be compensated for its referrals. Loans range from $300-$2.1 million (additional for mortgages) with terms of approximately 2 months to 72 Months (additional for mortgages). APRs range from 2.5% to 29% and will be dependent upon our partner's assessment of your credit profile. For example, on a $1200 loan paid monthly over 12 months, a person may pay $114.05 per month for a total of $1368.64 over the course of the entire loan period. This amount includes our partner's optional loan protection policy. In the event of a missed payment, you are subject to an insufficient funds fee from about $30-$70 (dependent on the lender). Once a loan is in default, your payment plan will be terminated. Different collection methods may be employed to collect your remaining balance. Failure to pay will result in possible legal action and any outstanding debt may be pursued by the full extent of legal options. Our lenders employ fair collection practices.
Note: Canadian Cash Solutions and its affiliates will never ask or charge you any pre-qualification or application fees. Canadian Cash Solution is not a lender but a leading referral company in the finance industry. Canadian Cash Solutions and all of its financial partners adhere strictly to Canadian laws and regulations. To protect yourself, read more on this topic here.
Top Benefits of Asset Based Loans
Canadian Cash Solutions offers asset-based loans, a financing scheme that provides a quick cash solution when your businesses are in financial trouble. Asset loans allow you to borrow money depending on the value of your equity. If you are looking for this kind of loan, then you must know about the complete process of applying for an asset loan.
Canadian Cash Solutions offers the simplest and easiest way to get the funds you need for your company. You don’t need to go through a lengthy process. All you need to do is submit a minimal amount of paperwork and easily get approved for an asset-based loan. The capital can include any apparatus inventory or any type of lending which consists of invoice factoring and equipment financing. Here are just a few simple requirements that need to be met to make this loan available to you:
- You must be currently working and residing in Canada.
- You are looking to buy products or services for either personal or commercial use.
- Start-up businesses are
- All types of credit are accepted.
Benefits of Asset Loans
Asset-based loans are beneficial to those who don’t qualify for conventional bank loans due to poor credit history. Canadian Cash Solutions will approve your loan because we never check your credit history.
Best of all, our interest rates are the lowest in the industry.
Lenders are also willing to take a risk on larger loans because the loan is secured with an asset. As a business owner, you can use this cash to expand your business and cover all types of expenses.