Alternative Lending

Alternative Lenders offer better rates than private loans. It is the smart middle ground between the big banks and private money.

What is alternative lending?

Alternative lenders, often called B lenders, are regulated trust companies and lenders with more flexible rules than the big banks. They look past a single number and consider your whole situation. Rates are usually higher than a bank’s but lower than private financing.

Who it’s for

Built for real life

• Self-employed borrowers and business owners with write-offs
• New-to-credit or bruised-credit borrowers
• Borrowers rebuilding after a bankruptcy or consumer proposal
• Commission, contract and seasonal income
• Anyone recently refused by a bank

Benefits

Why it works

• Lower rates than private lending
• Terms of one to five years, with a path back to bank rates
• Stated-income and flexible-income programs
• Purchases, refinances and renewals