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    Newly Established Personal Loans Company for Sale in Toronto, Canada

    For sale: Company providing rental deposit loans to improve access to housing market in Canada.
    This Business is on a Premium Plan
    Established 0-1 year(s)
    Employees 2 - 5
    Legal Entity C Corporation
    Reported Sales Nil
    Run Rate Sales USD 2.6 million
    EBITDA Margin 15 %
    Industries Personal Loans
    Locations  Toronto
    Local Time 8:47 AM America / Chicago
    Listed By Business Owner / Director
    Status Active
    Overall Rating
    9.1 / 10
    Compare with industry
    Full Sale
    Asking Price: USD 3.7 million (Native Currency: CAD 5,000,000)
    Reason: The business requires an owner that can take it to the next level and has the knowledge in the loan/... View More
    Interested to connect with advisors
    Name, Phone, Email
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    Business Name
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    User Verification
    Documents
    Domain-Verification.pdf
    Domain-Verification.pdf (213.0 KB)
    Business Overview

    - This is an innovative new company that seeks to improve access to the rental housing market through rental deposit loans.

    - This provides a solution to one of Canada's most acute challenges in a sector for which there is very high demand.

    - New company with a growing number of applicants being vetted and pre-approved every day.

    Products & Services Overview

    Rental deposit loan provider allowing improved access to housing.

    Assets Overview

    Proprietary score used to determine rental deposit loan eligibility. The website includes an online application tool and dashboard that will automatically approve or decline the application based on the data set provided. If the application is pre-approved, it will prompt the client to complete and finalize the full application form and provide the necessary documents and consents.

    Facilities Overview

    - We operate in a remote office model.

    - It does have a physical presence in a corporate centre.

    Capitalization Overview

    - The business is funded through shareholder funds.

    - There are a total of 2 shareholders of the business owning each 50%.

    Recent Activity
    • Earlier than 15 days
      Managing Director, Barrie, Financial Consultant connected with the Business
    • Earlier than 15 days
      Principal Consultant, Pune, M&A Advisor connected with the Business
    • Earlier than 15 days
      Business Advisor/Exit Consultant, Victoria, Financial Consultant connected with the Business
    Tags:

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    Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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