Alternatively, the Lendified business loan
application process prides itself in being
fast, easy and efficient, whereby the fully
online application takes only five minutes
to complete and warrants a response
within seven. If the applicant is approved,
they will get a loan offer immediately, with
funding available as soon as the next day.
All that paperwork required by the banks in
order to fulfill the loan application: articles
of incorporation, tax and GST numbers,
business plans, recent financial state-
ments, suppliers, contracts, historical fi-
nancial fluctuations, and more, is automat-
ed at Lendified so that their data sources
can actually pull up all of the necessary
information, saving the applicant time and
energy better spent running their busi-
ness. As Wright explains, “We turn some-
thing that’s very painful and very difficult
into something which is extremely easy
… people are busy running their business;
we let them get back to what’s important.”
So what’s the catch, one might ask? How
is it that Lendified is able to offer such a
simplified version of the small business
loan application process compared to that
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business elite canada
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MARCH 2016
