Are you carrying business debt and your bank turned you down? You're not alone. More and more Quebec property owners are looking for access to capital when the traditional banking system can no longer meet their needs.
Whether you're self-employed, an entrepreneur, or simply a homeowner with equity built up over the years, there are real options to unlock funds quickly using the value of your property.
What Is Access to Capital Through Home Equity?
This approach means using the value of your property, rather than your bank statements, to qualify for funding.
Unlike banks, these solutions are based on the net value of your property rather than your declared income.
This is why equity-based lending has become an increasingly popular way for Quebec property owners to get funding.
How a Secured Loan Works
A secured loan works on a simple principle: it's the value of your property, not your credit file, that determines your eligibility.
With a private lender, your file is assessed with common sense rather than automated checkboxes.
Here are the main advantages of this type of financing:
- No debt-to-income ratio required, since it's a pure equity loan
- Response within 24 hours or less
- Notary appointment possible in as little as 7 days
- Case-by-case evaluation across the entire province, even in rural areas
- A flexible solution for files turned down by the bank
When Should You Consider This Type of Financing?
A secured loan suits many situations that banks often struggle to accommodate.
Here are common situations where access to capital can make a real difference:
- Consolidating business debt (taxes, credit cards)
- Refinancing while waiting to sell or renovate a property
- Separation or divorce situations requiring quick liquidity
- Self-employed files with significant equity but limited declared income
- Quick purchases requiring temporary financing
If your file was turned down by a bank, that doesn't mean your project can't be financed.
A private lender can often find a solution where the bank stopped looking.
Why Choose a Private Lender Over the Bank?
Speed is arguably the biggest advantage of this type of financing.
Where a bank can take several weeks, or even months, a private lender can offer a response within 24 hours.
The application process is explained in detail on our blog, with real examples of files we've handled.
It's also important to understand the legal framework governing mortgage brokerage in Quebec. For more on the current regulations, you can consult the official information from the Autorité des marchés financiers.
What to Remember About a Secured Loan
A secured loan isn't reserved for desperate situations. It's a strategic option for:
- Property owners with significant equity but limited declared income
- Real estate investors with several properties
- Anyone looking to avoid bank delays
Every file is unique, and evaluation happens case by case, no matter where you're located in the province.
Frequently Asked Questions
Is this type of financing right for every property owner?
It's especially well suited to property owners who have equity in their home but don't meet the strict criteria set by banks.
How long does it take to get a secured loan?
The initial response comes within 24 hours or less, and you can be at the notary's office in as little as 7 days.
Does a bank refusal stop me from getting a private loan for my business debt?
No. A bank refusal doesn't prevent you from qualifying for a private secured loan, since the evaluation is based on your property's equity rather than your declared income.
Take Action Today
At Clic Hypothèque, we believe every property owner deserves a solution suited to their reality.
Whether you need financing to consolidate debt, refinance a project, or seize an opportunity, our team evaluates your file quickly, with common sense.
Have a question about your situation? Discover our financing services and get a response within 24 hours or less.
