Mid Market Consumer Lending Businesses for Sale

- This is an innovative new company that seeks to improve access to the rental housing market through rental deposit loans. - This provides a solution to one of Canada's most acute challenges in a sector for which there is very high demand. - New company with a growing number of applicants being vetted and pre-approved every day.

- Digital lending platform with complete in-house client onboarding, verification, and loan disbursement. - Fully digital client onboarding and very efficient fully integrated front and back-office operation run with digital marketing. - About 700 clients have taken loans from us. - We have a margin of 27%-40% on the total loan amount. - Our monthly interest rates are between 2-4% and depends on the nature of the loan. - We use company capital used to disburse loans. - Growth was slow due to Covid but the market is recovering very fast now. - We suffered losses during Covid as some of the debtors were not able to make regular repayments due to the loss of jobs. - We disbursed loans worth USD 500,000 last year. - The company has 7 shareholders: 5 shareholders hold a total of 1%, an employee owns 2%, and the primary Dutch shareholder owns 97% of the company. - The Dutch shareholder is the point of contact for this transaction and they are currently based in The Netherlands. - The business has lost significant money during the startup phase but is now nearing breakeven operations. There is more work to do on the collection side of the business in terms of automating processes and getting staff on the motorbike.