In Canada, a private loan is one of the new creative financing options developed by Canadian private lenders who put money at the disposal of Canadian individuals and Canadian entrepreneurs without inducing Canadian banks.
In Canada, private financing is intended to provide financial assistance to Canadian borrowers who have failed to obtain financing primarily because of their poor credit score.
In Canada, the private loan can appear in different forms either in a regulated way through an authorized platform of peer-to-peer or informally on the internet.
In Canada, the unauthorized private loan can endanger a borrower who does not know the anonymous lender because of numerous frauds and scams that pollute the internet.
PRIVATE LENDING IN CANADA