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  • Writer's pictureDEROTTO Leasing

IS WORKING CAPITAL ESSENTIAL FOR YOUR BUSINESS?

Updated: May 1

“We have two ears and one mouth so that we can listen twice as much as we speak”

Epictetus


One of DEROTTO’s favourite sayings is, “We have two ears and one mouth so that we can listen twice as much as we speak”. This saying is important to us because part of our commitment to serving businesses best is listening to our client's needs. 


Listening is an integral part of our job. Over the past year, we’ve seen a notable increase in applicants looking to tap into unsecured term financing. DEROTTO works with several lenders who offer this; however, equipment financing is still these lenders' main expertise. Due to the high demand of clients asking for his alternative financing option, we’ve taken proactive steps to be able to facilitate this service. As of recently, we are happy to announce that we’ve added a reputable lender to our portfolio who specializes in unsecured loans.


Typical use of funds: 

  • Paying of the CEBA loan 

  • Marketing

  • Cash flow

  • Inventory

  • Renovation

Minimum Requirements:

  • 6 months in business

  • $10K in gross revenue

  • Canadian based

Financing Structure:

  • Loan amount range = $5K - $800K 

  • Term Length = 6-24 months


How does it work? 


Term Financing is designed to provide capital for any corporate purpose and is repaid over 6 – 24 months. The lender forwards cash to your business up front, and a daily or weekly payment is made automatically to repay the balance. Once you have repaid approximately 1/3rd of your original balance, you may be eligible for top-up financing to obtain more capital for investment in your business.


DEROTTO is striving to be a one-stop-shop for your business financing needs and we look forward to continuing to grow our network to serve your business. Equipment financing is still our specialty, but we wanted to let our client base know of this new program and the potential benefit to your business! 


DEROTTO has given away $8,475 in gas cards for the 1st quarter of 2024. Thank you to everyone who has allowed us the opportunity to serve the financing needs of your business.

You can find us on all social media. To find out what people are saying about DEROTTO, then go to Google Review or the Better Business Bureau.

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