Document Your Loan

Last year in Canada approximately 21 million Canadians either lent or borrowed money from friends or family members, but only 17% actually put the loan in writing. Close to 54% of the undocumented loans were not paid back. It has been proven that if a loan is documented, the likelihood of repayment is significantly higher. Through this process we aim to lessen the default rate to under 5%.

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Small Business Loans for Women in Eastern Canada

Tuesday, January 12th, 2010 | Uncategorized | admin

Small Business Loans for Women in Eastern Canada

ACOA Women in Business Initiative

The ACOA Women in Business Initiative focuses on improving the access of women to business financing. To do this, ACOA (Atlantic Canada Opportunities Agency) has partnered with Development Corporations throughout the region.

There are more than 40 Community Business Development Corporations (CBDCs) in the region as well as a multitude of urban lenders who are part of the program.

Women are statistically better at paying back loans, if you are looking for financing and you are a woman, you should consider using the statistics supporting the reliability of women in paying back loans when approaching friends and family. If you gain loans from your friends and family for your business venture, be sure to document your loan at www.documentyourloan.com

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