The loan industry in Canada is made up of several different segments:National and International Lending InstitutionsThe banks are national and international lending institutions. In addition, there are smaller lending institutions such as credit unions and savings & loans entities that are provincial or regional. They are all heavily regulated by the Banking Act and/or other legislation that makes them very non-entrepreneurial in their business dealings.These banks, credit unions and savings & loans institutions are run by a board of directors. They follow strict lending criteria and there is little room for flexibility in their lending practices. These institutions still grant many loans, but only to those with good credit records. Their threshold of loan minimums is constantly rising, whereby a consumer looking for a small loan of $5,000 is directed to use their credit card. Banks no longer have the will to administer small loans.Local Lending CompaniesThen there are the local lending companies that are sometimes a stand alone operation, have a few locations or are part of a franchised system. Depending on the level of ownership, this class of loan company ranges from entrepreneurial to very restrictive in lending policies.Payday Loan CompaniesFinally there are the payday loan companies that operate under the Payday Loans Act. The typical payday loan customer is looking for a lending instituteâ€™s ability in granting them fast access to loans and finance. The payday lenders too have strict rules to follow and they have little room to wander from their self-imposed business model.The Best Choice For Many CustomersThe lending companies that take an entrepreneurial attitude to assist customers with their needs are the local lenders. In these companies the owner is usually active in the day to day operations of the business and many times can be swayed by a borrowerâ€™s needs and will work with them to find a solution and get them the money they need.Fast Action Finance is The Local Lender For YouFast Action Finance is a local lender that will lend up to $5,000 using a paid offÂ 2010 or newer vehicle. This is called a Title Loan. For these Title Loans we do not hold the car, have it transferred to our name or have the customer sign the ownership over to us. The customer keeps driving the car as usual. For higher loan amounts we hold collateral such as vehicles, trucks, motorcycles, classic cars, snowmobiles, watercraft, machinery, etc. at our secure location to collateralize the loan. These are known by several names: Collateral Loans, Secured Loans, Hard Collateral Loans, Storage Loans, or Emergency Loans.
I want to put in writing a thank you for your great service I received this morning. I really wanted to make sure I showed my appreciation to the all of you for your help. Fast Action really helped me out of a jam that I was in and I will ensure I recommend you to my friends.
Richard C. - Bolton
I needed quick help for a tight spot I got myself into. Everywhere I went I was turned down because of past mistakes in repaying loans. Then I found Fast Action Finance and realized I could borrow using my car. They understood my problems and really came through. I am now back on my feet and moving forward. Very professional â€“ highly recommend.
Brooke S. - Milton
My house purchase was closing in a day and I totally miscalculated my expenses and was short by several thousand dollars. I called Fast Action who asked if I had a paid off car. I brought the car in for inspection and drove way in less than an hour with $5000. I got what is called a Title Loan. It worked very well as I still keep and drive the car as before the loan, they only put a lien on it. The experience was professional and pleasant and they made me feel comfortable. Fast Action really helped me out of a bad spot.
Jonathan R. - Mississauga
My payroll was coming up on Friday and I was short the full amount. I could not possibly tell my employees to wait for their pay. I was referred to Fast Action by a friend and discovered that I could borrow using my motorcycle. They invited me to inspect where they were going to store the bike and I felt it was very secure and safe. I stored my prized motorcycle with them for a few months and got the money I need to keep my employees working and paid over a tough period. Thank you Fast Action Finance for coming through.
Donald C. â€“ Oakville