Frequently Asked Questions

CBL Financial is a leading brokerage specializing in connecting Canadian businesses with suitable loan providers. We streamline the process and ensure you get the best terms for your financial needs.

Any registered business in Canada seeking financing can apply through us. Whether you’re a start-up or an established business, we’re here to help.

Begin by filling out our online application form. Once submitted, our team will reach out to begin the application process. We then review your application and match you with a lender that fits your needs. You’ll then receive a loan offer to review and accept!

While approval times can vary based on the lender and the specifics of your application, many of our clients receive offers within 24-48 hours of submission.

Interest rates can vary depending on the type of loan, the lender, and your business’s creditworthiness. Once matched with a lender, you’ll receive a clear breakdown of rates and terms. Current rates start at 6.9%.

At CBL Financial, transparency is at the core of our operations. We don’t charge any brokerage fees to use our service; instead, we earn commissions directly from our trusted financial lending partners at no extra cost to you.

This depends on the type of loan, credit score, and the lender’s requirements. Some loans may be unsecured, while others might require collateral. Please contact us to find out.

Yes, you can. While credit history is a factor, we work with a network of lenders, some of whom specialize in providing loans to businesses with less-than-perfect credit.

As a brokerage service, we’re connected to an extensive array of lending institutions, enabling us to pair you with loan options that are specifically aligned with your business objectives. Additionally, our network streamlines the application process, minimizing the documentation required compared to traditional banking channels.

While we cater to a vast array of industries, there are certain high-risk sectors that some lenders might avoid. It’s best to get in touch with us directly to discuss your specific industry.

Loan amounts can range widely based on your business needs and the lender’s offerings. Typically, our network offers loans ranging from $10,000 to $500,000. Exact amounts can be discussed during the application process.

Communication is key. If you anticipate challenges with repayment, it’s crucial to contact the lender immediately. They may offer solutions or restructuring options to assist you.

We pride ourselves on our tailored approach, vast network of lenders, and commitment to serving Canadian businesses with integrity and transparency.

Once your application is submitted, we will communicate with you via email and phone to update you on the progress of your application.

This varies by lender. Some might offer no-penalty early repayments, while others may have a fee. It’s important to review the terms of your loan agreement.

If you’re not content with the offers presented, reach out to our team. We can reassess and potentially connect you with other lending options.

It’s possible to apply for additional financing, but approval will depend on factors such as your current debt obligations and the lending criteria of the new lender.

Our initial matching process involves a soft credit pull, which does not affect your credit score. However, once you proceed with a specific lender, they may conduct a hard credit inquiry, which can have a temporary impact on your score.