Are you a small business owner in Canada? If so, you are not alone, considering that 98% of businesses in Canada are small businesses. As a small business owner, you may run into cashflow problems once in a while. At first, you may not know how to solve this problem. Well, Tekaloan is here to help provide you with the working capital that you need for your business.
What do you need to do to qualify for one of these installment loans? Why is this a convenient option for you?
This guide answers those questions and more.
No Credit Checks
One of the biggest benefits of using Tekaloan is that there is no credit check required. You may have a poor credit history or may just be worried that you have bad credit.
If you fall into the latter category, you are not alone. About 57% of Canadians do not know what their credit score is and 40% of Canadians do not want to know what their credit score is.
What this means is that you may be insecure about your credit history, and you may be concerned that you cannot qualify for a traditional loan. If you feel this way, you should probably check your credit score to either get peace of mind or get a better idea of what action you need to take next.
If you have a bad credit score, then Tekaloan could be just what you need. Some lenders require you to have a certain credit score to get one of their loans. With this type of loan, that goes out the window, and you can still get the capital that you need.
Microloans Available
Another benefit to Tekaloan is that we specialize in microloans. This means that you can ask for a loan for a small amount of money.
If you are someone who simply needs $1,000 rather than asking a bank for $100,000, this is the place where you can go. You have more flexible options for smaller amounts of money. As a result, this should make it easier for you to repay this loan sooner rather than later.
Think about how much money you need and if a microloan is enough to help out your business.
Same Day Transfers
Are you in a situation where you need money from a loan as soon as possible? Do you think you could end up being in that position if you have to renew your loan?
If you answered yes to either of these questions, you will be happy to know that, assuming you fill out an application before 14:00 EST, it is possible that you could receive funds from the loan on the same business day.
This is a huge deal for people who may need a small amount of money immediately. They may not have to wait through the night to take care of their business or worse, a long weekend. You can get some relief from your situation and take care of problems that come up sooner rather than later.
Smaller Payments
You may like the terms you are seeing from our loan offers and the amount of money that you can ask for a loan. However, one concern some people may have is how soon you have to pay the money back.
Well, the good news for you is our repayment structure is set up so that you can have smaller payments every month. This allows you more time to come up with the money you owe, and it can end up being less of a hit for you financially compared to lenders that ask for larger payments.
Here, you will have at least three months to pay your loan back. Depending on the exact terms, you could get even more time.
Consider taking this type of loan from us if you think you are going to need a little more time to pay the loan off.
Weekends and Holidays
Another benefit you will like from us is that we can do transfers any day of the year. You do not have to worry about holidays such as Canada Day or Christmas getting in the way of you and your money. Plus, you do not have to worry about what day of the week you are asking for a loan.
There are many banks and lenders out there that will not process loans on weekends or holidays. However, that could end up being the time when you need working capital the most.
No need to fear. Getting a loan from Tekaloan can allow you to do this at any time. So, if you want to have a big sale for the holidays or you need last-minute inventory to take advantage of the holiday rush, we have you covered when it comes to the working capital.
Wide Availability in Canada
Finally, it is not likely that you will have to worry about where you are located in Canada to receive one of these loans from us. That is because Tekaloan is available in eight different provinces and territories in Canada.
These include Prince Edward Island, Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, New Brunswick, and Newfoundland.
That is great news for most of you reading this because now you know that Tekaloan is not just a regional company in Canada. It is available whether you live in the eastern or western part of the country. So, if you live in one of the provinces mentioned above, you should be good to go.
Apply for a Tekaloan
These are some of the biggest reasons why you should use Tekaloan for all of your loan needs. Those of you with no credit history or poor credit history will benefit from the fact that there is no credit check required for one of these loans.
You can receive your funds on the same day that you apply, you can ask for a microloan, smaller payments are accepted, plus there is wide availability in Canada.
Are you looking for fast cash? Apply for a loan today.