Canadian/ab Msb With Tier 1 Bank For Payday Loans

Not on MLS®

$150,000

Sale of Business in Edmonton, AB

Listing Details

Financial Details

About the Business

Competition:

Competition: Licensed payday loan companies operating online in Alberta Company advantages: 1 shareholder, 1 office, has all regulatory and compliance requirements to operate a direct to consumer loans company. If starting from scratch, the start up cost would be in excess of $80k-100k and more importantly, allow up to 18 months for bank authorization provide this service. Very low operating costs compares to potential revenue.

Growth and expansion potential:

Expansion into other provinces to become a Canada wide lender. Canadian payday loan industry is worth in excess of $3bn with approximately 300-400 licensed lenders (only 17 in Alberta - Alberta TAM is $300m).

Support and training for new ownership:

Full training and on-boarding.

Reason for selling:

Selling due to lack of funding to growth the business - otherwise would happily keep and operate. Will also welcome partners for shared ownership

Description

Turnkey Alberta Payday Loan Business – Fully Licensed & Operational Services also include Money Remittance operations Single Office based in Edmonton, AB. Rare opportunity to acquire a fully compliant, government-licensed payday loan business operating in Alberta. All licensing, compliance, technology, and operational partnerships are already established. Banking MSB authorization has been attained with a clean record, no AML flags and has been operational for over 12 months. The business includes a live fintech platform, automated underwriting, payment processing, customer management systems, and a compliance-first operating framework aligned with Alberta regulations. This acquisition allows immediate operation post-closing, eliminating licensing delays, regulatory uncertainty, and infrastructure build-out. It is currently operating, has returning customers and also many referrals. There will be $0 capital included in the sale, with specific notice that this company also has $0 debt and NO liabilities. Company has positive reviews online, with no negative sentiment across social media or discussion channels i.e. FB/Reddit. Ideal for investors or operators seeking immediate market entry into the Payday loan industry. NDA required. Business is clean. All documents will be produced post NDA and a data room can be provided to review licensing, regulatory and compliance information. Sensitive information will be redacted until a LOI letter is signed partnered Proof of Funds. For peace of mind of the buyer and if needed, all funds transferred can go through lawyers trust accounts in addition to the option of funds transferred directly between accounts.

Location & nearby

This listing is located in Edmonton, AB T6E

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