fbpx

Small business loans

operator
Request a Call Back
1 Step 1
Request A Call Back
When is the best time to call?
Timeof appointment
access_time
reCaptcha v3
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder

Or

Apply Now

Business Loans, Simplified!

step1-bg

A recent study has shown that more and more Canadians do not like fixed 9 to 5 work schedules working for someone and not getting paid the way they want to. That’s why most of them are turning to becoming entrepreneurs and the government has welcomed this decision by introducing relaxed business policies for ease of running daily operations and rapid growth. One of them being taking up a small business loan and applying for one has never been easier. New lenders and solutions have emerged to meet the needs of small businesses and One Mortgage Group is one of them. If you are running a small business and want to really take it off the ground, then contact our team and discuss your loan requirements with us, we will be more than happy to help you.

A Small Business Loan Means More Options for Your Canadian Business

Common Reasons for a Small Business Loan

 

  • Extra cash flow to cover expenses
  • Buying another business
  • Starting up a new business
  • Upgrading or repairing your business equipment
  • Securing inventory
  • Stocking up on inventory or raw materials
  • Leasehold improvements
  • Remodeling or renovating your store
  • Moving your business to a new location
  • Hiring or training new employees
  • Launching a new marketing or ad campaign
  • Paying off existing or overdue taxes
  • Paying supplier invoices in full
  • Purchasing or financing company vehicles

Eligibility For Already Running Business

Taking up a small business loan is always a sure-shot way of helping your business grow. You can use the loan to increase inventory, buy better equipment, promote your business with more unique advertisements: all of that can be done with a small amount of capital injection. However, before you go ahead and start filling up the application form, you must check whether you are eligible for this loan or not. There are some criteria that you need to have a look at. These are:

  • You should be running a Canada-based business
  • It should be in operation for at least 24 months and must generate revenue
  • You must have a good credit history
  • You’ve reached the age of maturity in the province or territory where you live
  • You are not in the farming business
  • Your business is not a not-for-profit, charitable, or religious organization

After reading this list if you have any queries, get them resolved today by contacting our team at One Mortgage Group. Schedule an appointment today!

What are the type of small business loans that I can opt for?

There are several options and each come with their own advantages. These are:

  • Installment loans
  • Line of credit
  • Merchant cash advance
  • Invoice factoring
  • Equipment lease
  • Commercial mortgage
  • Business credit card

If you want to know about each of these loans in detail, then please call our office and speak with our team members. We have flexible payment options available and any loan plan you take can be tailored to your specifications.

The benefits of a small business loan

There are numerous major benefits of applying for a business loan:

  • If you have a growing business, the cost of debt can be less than the money you lose from giving up a stake in your business
  • Lenders won't try to control or influence the direction of your business
  • It is easier to obtain than getting an equity investment
  • Business loans can also help in improving your business credit score

And these are just to name a few; to cut it short, a small business loan is just what you might need to make your business more visible in the market, improve productivity and all in all give it a boost to reach its full potential. If you are a new applicant you can get up to $300,000 whereas existing clients can get up to $500,000. The loan is considered a fixed loan and includes specific clauses that outline your preferred repayment schedule and a fixed interest rate and principal to be paid. If you still want to know more, just call One Mortgage Group.

Help your business grow by applying for a small business loan with One Mortgage Group, schedule an appointment today!

Apply Now
one mortgage group akal mortgages

At One Mortgage Group, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first.

Quick Links

Contact Us

Subscribe

Sign up with your email to get latest updates and offers


    Copyright © 2021 One Mortgage Group | All Rights Reserved  | Privacy Policy