Exceptional Opportunity Lending Business In Kitchener Ontario For Sale

Description

Business type: automated short-term lending platform

Location: Kitchener, Ontario

Sale type: exclusive territory license opportunity

Existing business resale: no

Platform brand: TaxCash

Platform launch: 2018

Operations

Operating model: online lending platform

Platform availability: 24/7

Staffing requirement: none stated

Prior industry experience: not required

Marketing automation: included

Loan application processing: automated

Loan analysis: automated

Loan documentation: automated

Loan approvals: automated

Funding process: automated

Collections process: automated

Customer support integration: included

Technology

Proprietary lending platform: included

Artificial intelligence: integrated

Machine learning: integrated

Loan management tools: included

Automated advertising system: included

Online borrower interface: included

Electronic fund disbursement: integrated

Territory

Available territory: Kitchener, Ontario

Territory rights: exclusive

Internal territory protection: included

Additional territorial licenses: limited availability stated

Investment details

Territory license fee: $125,000 to $175,000

Minimum loan capital requirement: $200,000 or more

Loan capital requirement: varies by territory

Buyer requirements

Canadian citizenship: accepted

Canadian permanent residency: accepted

Residence in Canada: required

Payday lending license: required

Regional Consumer Protection Agency authorization: required

Sufficient operating capital: required

Regulatory information

Industry regulation: federal and provincial requirements apply

Provincial payday lending requirements: applicable

Operating authorization: subject to approval by the appropriate regulatory authority

Further information

Additional territory and operating details: available upon inquiry