Small business lending in Canada is broken (and the Competition Bureau agrees), and we're fixing it and need 50 testers
The Competition Bureau launched a market study this year specifically because SME lending in Canada isn't competitive at all.
If you've ever tried to actually get financing as a small business, you know that it's really hard to do so. Banks take forever and they often ghost you, you have to have your credit score pulled, you upload manual bank statements, and half the time they still want a personal guarantee before they'll even talk with you. And many times, you can't get financing.
This is the team at Huumans, and full disclosure, we're building a a lending recommendation engine to solve for these challenges.
We're building a recommendation engine that takes your business's actual profile and gives you a ranked shortlist of financing options that fit your need/financial situation. We will provide choice for small businesses, and not just point financing options to us, but provide the best and most affordable options.
We want to stress test this and make it great!!! And we need 50 business owners to run their real (or hypothetical) financing scenario through it and tell us where it's wrong.
This will take 15 min, no obligation to use anything it suggests. We especially want people who want to know their financing options or to learn about loans and how to grow with them!!
Comment or DM if you're interested - thank you in advance!!!!