Declined by your bank? What to do next

Canadian banks commonly decline healthy businesses for limited trading history, thin or damaged owner credit, a lack of hard assets to pledge, uneven or seasonal revenue, industry policy exclusions, or simply because the amount needed is small and urgent.

Frontier Funding reviews your recent business bank activity instead: consistent deposits, a healthy account and a clear use for the funds. That is a different set of criteria, not an easier one, and no funder can guarantee approval.

To strengthen a file, gather three months of clean business bank statements, reduce negative balance days and returned payments, run business income through the business account, be specific about the use of funds, and disclose any existing financing upfront.

Frontier Funding Inc., Toronto, Ontario, Canada. Phone 1-226-594-0260. Email info@frontierfunding.ca.