It’s no secret that starting and running a business can be an expensive process, especially if you’re looking to grow your company or take on new projects. Depending on the industry you’re in, it can be hard to get ahead because you simply can’t afford the tools, equipment, or other resources you need to succeed. If you find yourself stuck in this position, don’t worry! There are plenty of options available that will help make your business grow faster and more efficiently so you can achieve all of your goals as quickly as possible.
Top 10 Finance Company in canada for business
1.Tangerine
Tangerine provides clients with savings and chequing accounts, as well as small-business loans. You can choose from four different account types: Classic, Tax-Free Savings Account (TFSA), High Interest Savings Account (HISA) and Chequing. Accounts include free Canadian bill payment, mobile deposit capabilities and text alerts. Tangerine also has a Track my spending feature that allows users to set budgets and receive notifications when they’re close to reaching their limit. Users can pay bills online through Tangerine’s secure interface or have money transferred directly into a bank account of their choice through Interac e-Transfer services.
2.PC Financial
PC Financial offers a variety of banking and money management services for personal and small-business clients. They have more than 30 years of experience providing these products and services, with access to over 3,000 ATMs across Canada. Their monthly fee is $5 per month for day-to-day banking. If you’re a small business owner who spends $300 or more every month on credit cards, PC Financial also gives you free MasterCard gold service through their PC Plus program. Cardholders get special benefits such as travel insurance and concierge services as well as other perks.
3.Desjardins Group
Desjardins Group is an association of co-operative financial institutions. This not-for-profit network currently operates in eight Canadian provinces and its primary objective is to enable its members and their customers to develop their full potential by offering. It provides financing for businesses looking for loans with one of its subsidiaries, Caisse Desjardins du Québec, along with access to capital markets through Desjardins Securities.
4.BMO Bank of Montreal
BMO Bank of Montreal has financial resources and expertise that can help Canadian businesses thrive. Whether you’re looking for an account for growing your business, planning for a future project or commercial financing, BMO can help. It offers banking products for small and medium-sized businesses, which are designed with convenience in mind. These products include bank accounts (Business Account); credit cards; home loans; internet banking and more. BMO is a prominent organization among Canadian banks and was ranked Highest Customer Satisfaction Among Big Banks in North America by J.D Power 2016 survey results. It serves more than 12 million customers across personal and commercial clients through over 1,400 branches and 2,100 ATMs across Canada
5.Capital One Canada
Capital One Canada is on track to spend $1 billion of its own money on loans over three years. To meet demand, Capital One has hired more than 150 people since March 2013 and plans to double that number by 2017. These new positions are customer service and marketing jobs. As an international lender, Capital One relies on cross-border operations with U.S.-based Capital One, N.A., as well as Royal Bank of Scotland (RBS) PLC, a wholly owned subsidiary of RBS and a partner for 13 years in Global Card Services Corp., which does business under those two names.
6.National Bank of Canada
National Bank is a Canadian bank with branches across most provinces and three locations in Brussels. Most recently, National Bank introduced its new online banking platform that allows clients to conduct their banking activities from their computers. The company also operates an investment firm, FNBO Direct Inc., which specializes in online trading. National Bank makes it easy for potential investors to purchase mutual funds or make trades using its advanced financial platforms. Customers can even set up automatic savings accounts that automatically deposit money into savings each month when it senses there is more money available than bills coming due. In 2011, CEO Louis Vachon was recognized as Canada’s Outstanding CEO of the Year by Financial Post Magazine.
7.Manulife Bank of Canada
Manulife Bank of Canada is a subsidiary of Manulife Financial Corporation, a leading international financial services group that helps clients protect and enrich their lives. The company’s businesses offer life insurance, retirement savings, asset management, and investment products and services to millions of customers in Asia, Canada and the United States. Headquartered in Toronto, Manulife Financial Corporation has operations in 22 countries and territories worldwide with total assets under management of $634 billion (as at January 31, 2015). Manulife Bank of Canada is a member of the Canadian Investor Protection Fund.
8.Scotiabank
Headquartered in Toronto, Scotiabank is among one of Canada’s biggest banks, operating over 2,100 branches and more than 4,600 ATMs across North America. They offer several products and services including: mortgages, credit cards, business loans and retail banking (including chequing accounts). Their mission is to provide personalized financial solutions that build upon their client’s dreams.
9.HSBC Bank Canada
Starting a business is a big decision. It’s going to involve time, money and commitment not to mention sleepless nights (because no startup ever starts without some stress, right?). So if you’re looking for small-business financing as part of that journey, where do you start? And which company might be best for you? Today, we answer those questions with our list of top 10 financial institutions that offer small-business financing. We reached out to various major financial institutions and asked them about their small-business loans in Canada. They provided information about what they offer and how they work with businesses early on. Read on below to see who made our list and why!
10.Alterna Savings
Alterna Savings gives you access to over 4,500 branches and 25,000 surcharge-free ATMs across Canada. With Alterna, you have unlimited access to your money for free! Find out more about Alterna Savings here. A great company for small businesses looking for financing options. They have flexible short-term loan options with no credit checks required as well as a range of other financial services such as chequing accounts and tax preparation services. They also provide overdraft protection for business owners and best of all there are no hidden fees!