YourLoan.ca Publishes a Loan Section to Help Companies That Face Financing Challenges

The new section published on YourLoan.ca helps small businesses to make sound financial choices in tough economic times.
By: Your Loan
 
July 8, 2013 - PRLog -- YourLoan.ca announced today the publication of a new loan section (http://www.yourloan.ca/small-business-loans--credit/) that helps Canadian small businesses to stay afloat in times of market upheavals and economic instability.

The new section was created by the content development team at YourLoan.ca, a loan directory that presents reviews of various borrowing solutions available to individual borrowers and businesses. The loan section lists financial institutions such as BMO and CIBC, along with the full gamut of financial services.

“Although the Canadian economy hasn’t been badly hit during the recent worldwide economic crisis, small businesses have a tough time accessing affordable credit. We hope that our directory can serve as a one-stop solution for finding small business loans,” said John Wilson, marketing consultant at YourLoan.ca.

Small businesses face lower approval rates when the going gets tough. Banks are not taking any risks on borrowers with shakier credit profiles, entrepreneurs, and less established businesses. Small firms often look for alternative sources of funding such as venture capitalists, angel investors, and family and friends. At the same time, traditional lenders offer a number of advantages, including creative funding options and fewer stipulations than government loans. Many small businesses apply for conventional loans because they offer more variety. This is a form of low-cost capital that allows them to secure equipment and supplies for kickstarter projects. It is unfortunate that micro-businesses are turned down by banks because they are the backbone of the Canadian economy. Medium-sized and small businesses generate more than 50 percent of new jobs in the country. Many people are not employable by the large companies and corporations and work for local businesses. Small firms also account for close to 30 percent of GDP and help strengthen local economies. It is important that small businesses have access to various forms of financing because they serve local needs and operate in niche and limited markets. The new section published on YourLoan.ca (http://www.yourloan.ca/small-business-loans--credit/) presents various financing options that allow small firms to adapt and respond flexibly to supply and demand and new challenges and problems.  

About YourLoan.ca: YourLoan.ca (http://www.yourloan.ca/) is one of the oldest Canadian financial directories offering finance listings and financial guides since 2005.
End
Source:Your Loan
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Tags:Small Business Loans, Loans, Canada, Banking, Finance
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Location:Canada
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