Tag Archives: Equity loan

How Can Businesses Get The Benefit Of Advance Loans?

Start-ups and small businesses need working capital to run or maintain their business. The owners can get advance loans and use them to increase and improve cash flow, buy expensive equipment and drive growth.

These loans are cheaper than other loans in the market and you need not surrender a part of your business to the lending institutions. Nowadays, it is easy to apply for a loan for your business even if your credit score or financial history is not up to the mark. 

Before applying for a loan, you must know how much money you need, for what purposes you’re going to use it and how long it will take you to repay it.

Where Can You Use The Business Advance Loans Amount?

You can use business loan funds to cover a wide range of expenses including the following but not limited to: 

  1. To increase and build your working capital
  2. To open your business at a new location
  3. To pay employees’ wages
  4. To consolidate loans (if any)
  5. To use for advertising and marketing of your business
  6. To upgrade your office infrastructures
  7. To add more products/services to your existing list

What Things Lending Institutions Consider While Offering Advance Loans?

Are you thinking of applying for an advance loan from major banks or traditional lenders? Well, that is a good idea. But you should be aware of their terms since they lend business loans to those who are in the business for at least one year and have a good credit score. Here are other aspects that are considered while providing a loan to you:

Time spent in business

The amount of time you spend in business can affect your chances of getting a loan. The more time you spend in the business, the more chances of getting approved. This lets your lender think that you and your business are stable and reliable.

Monthly or annual business revenue

Many lenders want businesses to earn a certain amount of profit or revenue each month or year. This is to ensure that you are getting enough income to pay your daily living expenses as well as the new loan you are applying for.

Personal credit

Are you opening a new start-up or are you new to a business and haven’t gotten a chance to build your business credit? In such situations, lenders usually examine the personal credit of the borrower to check for creditworthiness.

Security

Many times lenders ask the borrowers to get something as collateral in getting approval for the loan. This is just a layer of protection that makes lending institutions trust you and recover the loan amount if you default your payments. The higher the equity value of your collateral, the higher your chances of getting approval.

Required documents

Almost all lenders will verify your identity, a few necessary details about you and your business. They will need a few documents including your identity card, permanent address  and other papers related to the collateral. If you meet their requirements, only then you’ll be able to get the loan approval. 

If you cannot qualify for a loan from banks or traditional lenders, you should look for alternative lenders. Several alternative lenders such as Same Day Cash Loan provide loan options that are available for anyone who needs quick money. 

To know about advance loans, you can visit our website online. You can also connect with us by calling us at our (toll-free number) 1-855-904-9880. Apply today!

You can also follow us on social media:

Facebook: https://www.facebook.com/Same-Day-Cash-Loan/
Twitterhttps://twitter.com/samedaycash1

Benefits Of Getting Cash Using My Vehicle

Car title loans have become the talk of the town ever since Coronavirus took its toll on the financial life of the people. These loans are helping people get easy money just by using lien-free vehicle titles. If you ever think of getting cash using your vehicle, Same Day Cash Loan is the right lender for you, because we provide the best title loans in the industry. 

Benefits Of Borrowing From Us

We have made applying for a car title loan very convenient for you. There are a lot of benefits of a car title loan, here are just some of them.

  1. Quick Approval

If you have all the documents required to qualify for the loan, you can get the funds you need just within a couple of hours. This is the fastest loan processing option that can help you get out of your financial crisis. No need to wander here and there in times of urgent needs. 

  1. No Credit Checks

Unlike banks, we do not check your financial history. You get the loan amount based on your vehicle’s equity value. You can get the funds instantly regardless of your low credit score. You also don’t have to be employed in order to borrow from us. Your vehicle is the only asset we need to evaluate your loan request and to lend you the money.

  1. Spend Money Your Way

Getting cash using your vehicle works differently. Once you get the cash, you are free to spend it your way. We will not keep a check on your spending’s. When you borrow from banks, they want to know where you used the money but we don’t.

  1. Low Monthly Installments

We are here to reduce your financial burdens and not increase them. Our competitive industry’s best interest rates and long loan terms keep your monthly payments as low as possible. These installments are budget-friendly and affordable.

  1. Easy Pay-Offs

You can easily repay the loan with flexible and convenient repayment options available. In case you want to pay-off your loan before its due date, you can do so. There will be no extra charges for pre-closure. Unlike banks and other traditional lending sources, no early payment penalties are levied.

When you want to work with someone, you want a reliable and trust-worthy partner. We will look out for you in the best possible way. We provide elite loan services to our satisfied customers all across Canada. Our credibility can be checked through our customer testimonials. Contact us today at our toll-free number 1-855-904-9880 and ask about how you can ease your life financially by getting cash using your vehicle. Apply online today!

You can also follow us on social media:

Facebook: https://www.facebook.com/Same-Day-Cash-Loan/
Twitterhttps://twitter.com/samedaycash1

Know Your Finances Well And Get Out Of Debt In 2024

The year 2020 was really hard for everyone and a lot of us had to go through tough times and haven’t really recovered from it. Many Canadians lost their jobs or didn’t get their salaries in time. People had to get loans for basic necessities like buying groceries, paying for utility bills, etc. Personal finance was one such matter for these people which really didn’t go as planned. A lot of people are still covered in debt and are looking for ways to get out of it. 

The first step is to list down all your debts like bills, pending credit card reports, etc. This way, you’ll have a clear picture of what needs to be paid. Next, compute your income from all possible sources such as; salary, rental income, etc. Once you know what you own and what you owe, you’ll have a clear picture of handling the expenses in an efficient way. 

Through this blog, we will try our best to provide you with ways to manage your finances and live a stress-free life. 

Ways To Get Out Of Debt

  1. Get a second job – This is the first thing you should do in order to have more income. A second job can help ensure that you’ll have more income and you can go for even bigger payments to get rid of debt quickly. 
  2. Spend wisely – Since you are low in funds as of the moment, go for things that won’t add to your existing financial problems. Cut down on all unnecessary expenses that are draining your wallet. For instance, instead of dining out, cook and dine at home, don’t go to the gym, exercise at home,  etc. 
  3. Pay more to clear your debts – Whatever your monthly payments are for various debts, pay more than what you used to. This way, you’ll finish off your debts sooner than expected. 
  4. Consolidate your debt – You can consolidate your debt and instead of making separate payments for all of them, just make one payment to cover them all. By doing so, you’ll be able to manage your debts easily.
  5. Use your assets to generate more income – You can use your fully-paid assets like cars, motorcycles, trucks, etc. as collateral to generate more income. We at Same Day Cash Canada provide car title loans to help people manage their personal finances

A Car Title Loan To Your Rescue

Every vehicle has equity value that can be used to get a car title loan. Here, a lien-free title is used as collateral to get the loan amount in exchange. So, to pay for your accumulated debt, you can apply for a loan against your car title. 

You don’t have to surrender your car to us. One of the best things about an auto equity loan is that your financial history isn’t an important factor. People with bad credit scores can still enjoy the loan benefits and pay off for their debts by applying for car title loans.. 

To know more about vehicle title loans, you can call us at our toll-free number 1-855-904-9880 and talk to one of our loan representatives. 

You can also follow us on social media:

Facebook: https://www.facebook.com/Same-Day-Cash-Loan/
Twitterhttps://twitter.com/samedaycash1

Enjoy This Christmas With A Christmas Loan Against Your Car Title

Getting a loan to buy Christmas presents for your family might sound a little desperate, but that’s not what our auto equity loan does for you. Our Christmas loan unburdens the monetary load you may have  and allows you to buy presents for your family members without  worry. . Having said that let us explain the whole concept of this loan to you in detail so that you can make a calculated decision. 

A vehicle equity loan is not like a typical loan that you get from a bank or traditional lender. All you have to do is use your fully owned car as collateral and get up to $40,000 against its positive equity. You also don’t have to surrender your car  as collateral. You simply submit the clear title papers of your vehicle and get a quick loan approval. This means that you can continue  to drive your car during  the loan term and of course while you are making the monthly payments for it.  The best part is that the title papers are stored with us only until  the loan is going on. Once you repay the loan completely, we return  the title papers to you. 

How To Apply 

It’s very easy to apply for our low monthly car collateral loan. All you have to do is fill out a basic application form on our website which will ask you for some basic information and car details such as your car year, make and model.. Once you submit all these details, it reaches one of our loan agents who  will contact you with further details. If your vehicle qualifies for the loan, we will set up an appointment with you to have your vehicle inspected.  By inspection we mean a general check up of the overall condition of the vehicle. This is just a formality and nothing will happen against your wish. At any time of the process if you wish to withdraw, you are free to do so. There are no hidden charges and you can get  approval for the loan on the same day as well. Once the inspection process is over, your loan file is evaluated and the funds are released with no delay. 

Requirements For The Title Loan

Contrary to personal loans from banks or other types of loans for that matter, Same Day Cash Loan’s paperwork is limited to just the basic documents which most already have on hand.. We understand how precious time is and don’t believe in wasting your  time with loads of paperwork. We ask for only documents that are required for the loan.. 

Check out the things we need in order to process your loan request. 

  • A fully paid for vehicle that’s not older than 2010(car, model, year)
  • A lien-free title to your vehicle
  • Proof of  legal age as per your province
  • Vehicle registration & insurance papers in your name
  • Spare keys of the vehicle that work on all doors and ignition too
  • Valid Canadian driver’s license
  • Proof of permanent residence

Benefits Of Applying For A Car Title Loan This Christmas

We may find ourselves stuck in a cash crunch around Christmas and that’s completely normal. The solution is a simple and hassle-free Christmas loan that allows you to look after your immediate expenses. Expenses like  last minute gifts, surprise dinner plans, or maybe a much needed vacation, etc.. This no minimum credit loan allows you to apply for a loan even when you have a bad credit score. There are other benefits too, let’s have a look:.

  • No Debt Checks  done from our side. Even if you have a credit score that’s below 574 you can still apply and get  fast approval. *as long as other criteria is met.
  • No proof of income is required  to qualify for a loan. 
  • Get a fast and secure loan experience with your funds being disbursed on the same day of approval. 
  • Get the loan for a comfortable period of 48 months making it easy for you to repay it through small and easy monthly installments. 
  • Keep driving your vehicle even while making the monthly payments. 

This Christmas let’s try to move past the trauma COVID-19 has put us into. Let’s celebrate  with proper precautions and a lot of gifts for our near and dear ones. Call us (toll free) 1-855-904-9880 for more details or apply online. 

 

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Twitter: https://twitter.com/samedaycash1
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