A small business providing quick term, quick unsecured loans which can be generally speaking paid back by post-dated cheque or pre-authorized debit re payment need a company licence as a lender that is payday.
Samples of companies that do need municipal certification:
- Banking Institutions
- Cheque cashing organizations
- Credit unions
- Banking institutions
- Lending organizations
Should your company will not demand a licence, you nevertheless demand Business ID and land usage approval. See businesses perhaps perhaps not needing a municipal licenceвЂ‹ to find out more.