Marketing-Funding-Lifestyle

You may have already started in this vertical by personally being onboarded to one of curated relationships for your selected online college diploma program.
Leaving them better than you found them equals a better lifestyle for them and for you
Marketing to help other VDCs or many of your local Business Owners access timely and needed resources to help grow their business
Here are some immediate Opportunities currently available

Business Line

For the right individual with a good credit score of 700 or higher, this can occur in a matter of days.
Loans in this category are typically under 25K
Checklist and Supporting Docs

Provincial Student Assistance and Grant Opportunity

This one you may have already taken advantage of.
Funding for your selected educational program has ranged from 20K to 50K or more, based on individual qualifications being met.
Find out How Much?

Small Business Loans (SBL)

For those businesses looking to give their existing business a facelift or an injection to get upgraded equipment.
Loans in this category can go up to 500K or more
Checklist and Supporting Docs

Next Level

Pre-Qualifications for the Flag Ship Curated Category and an Overview for the other funding opportunities

Business Line

  • 700 or higher Credit Score
  • Lease Agreement for your Business
  • Business Plan
  • Money in the Business Account
Checklist and Supporting Docs

Diploma Flag Ship Program
Resources and Direction

Admission Requirements

  • Grade 12 or equivalent or mature student status and successful completion of the entrance examination;
  • SLE- Scholastic Level Exam by Wonderlic
  • (not required with OSSD)
  •  
  • Banking/Financial Services Career Path

Program Curriculum Highlights
The program prepares you to write important certification exams, including the Life License Qualification Program (LLQP).
 
  • Career Exploration
  • Microsoft Office 2016
  • G-Suite Digital Tools
  • Sales and Service
  • The Canadian Financial Sector
  • Consumer Credit
  • Business Math Fundamentals
  • Life License Qualification Program
  • Financial Planning
  • Behavioral Finance
  • Financial Planning for Business Owners
  • Estate Planning
  • Financial Planning Software Tools
  • Career Development
  •  
  • Career Opportunities
  •  
  • Financial Services Officer
  • Personal Banking Officer
  • Financial Advisor
  • Financial Sales Representative
  • Financial CSR
  • Loan Officer
  • and more
Support Docs

SBL

700-plus Credit Score
  • Business Plan and Executive Summary
  • Financials for the last 2 years

Maximum loan amount
New financing amounts: The maximum loan amount for a borrower (and related borrower) has been
increased from $1 to $1.15 million which includes the following:
• $1 million for term loans of which a maximum of $500,000 includes:
  •  Equipment and leasehold improvements loans (up from $350,000); and
  • $150,000 for intangible assets and working capital costs.
Plus
• $150,000 for lines of credit for working capital costs (which is over and above the $150,000 that can be used for working capital costs under the term loan product).

Term loans
Maximum loan term (government coverage period): On or after July 4, 2022, all term loans to finance
real property, leasehold improvements, equipment, intangible assets and working capital costs can be
made for a maximum 15 year term.
Implementation: On or after July 4, 2022, equipment and leasehold improvement loans already
registered, or disbursed and not registered, may be amended to the new 15 year term.
Maximum loan term (government coverage period): On or after July 4, 2022, all term loans to finance
real property, leasehold improvements, equipment, intangible assets and working capital costs can be
made for a maximum 15 year term.
Implementation: On or after July 4, 2022, equipment and leasehold improvement loans already
registered, or disbursed and not registered, may be amended to the new 15 year term.
 
Maximum interest rate and fees
• The maximum interest rate for term loans continues at prime + 3% (or the single family residential
mortgage rate + 3%);
• The 2% registration fee continues to apply;
• The 1.25% annual administration fee applied to the end-of-month loan balances continues to
be in effect.
Registration: The period to register a term loan has been increased from three to six months from the
date of the first loan disbursement.
Implementation: If a loan was disbursed prior to July 4, 2022 and has not been registered, the loan may
be registered within the 6 month period described above.
Security
•
For real property and equipment term loans, a lender must continue to take security in the
assets financed.
•
For leasehold improvement, computer software, website, intangible assets and working capital
costs, a lender must take security in any assets of the small business for the value of the loan
(e.g., a General Security Agreement).
Implementation: These new security provisions described above apply only to term loans that are
disbursed on or after July 4, 2022.
Default: Default occurs when a borrower fails to comply with a material term of the loan agreement
(e.g., failure to make a payment). When this happens, lenders will no longer be required to give a
borrower a notice of default AND a demand for repayment.
The lender will only need to provide the borrower with a demand for repayment of the outstanding
loan amount within a specified period of time. The claim must be submitted within 60 months after the
day on which the last payment on the loan is received.
Implementation: This new requirement applies to term loans registered after July 4, 2022 and currently
registered CSBFP term loans for which the last loan payment is after July 4, 2022.
Funding Questionnaire-SBL Checklist