In today's internet-savvy world, applying for a small business loan has transitioned from a complicated in-person process to an easy online application. Not all online lenders are equal though. Here are eight questions to ask when considering applying for a loan over the internet.
Does the online lender have a secure website?
A lender that delivers small business loans over the internet should use an encryption system to safely receive your personal financial data. If safety is a concern of yours, look to see if the company uses a Secure Sockets Layer protocol (SSL). A simple way to check for this is to visit the site, look at the url in your browser, and make sure it starts with “https”. This simple addition to the url ensures that the information entered into the online business loan application form transfers safely from your computer to the lender.
Who is the lender?
Who you obtain financing from makes a difference. You want to deal with a credible lender with high standards of service and an understanding of your needs. To learn what customers say about a lender, read their online reviews on TrustPilot. Also, if you are one of the many business owners who prefer to deal with a Canadian lender, research the background of the lender and its leadership.
What is the application and approval process like?
An online business loan application process should be more convenient than applying in-person. Before filling out your business loan application online, make sure you find a lender that matches your expectations regarding convenience. Remember to ask how long your application will take to be approved and if you will have to visit a physical location at any time. The most established and trusted online lenders offer an online application, approval within 24 hours, and do not require a visit to a branch. If you are considering Lendified, take note that our loan application is 100% online, takes less than 10 minutes to complete, and provides same-day approval. View Original Source...
Contact Us:
330 Bay Street, Suite 306
Toronto, Ontario
Zip Code: M5H 2S8
Business Phone: +1 647 381 9218
Business E-mail: troy.wright@lendified.com
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