Cherry is a self-employed graphic designer and calligrapher from Vancouver who was seeing her business thrive, which made her more excited for the next stage of her career. To accomplish some of her goals she approached the bank to get a loan. Unfortunately, she was met with a stressful and time-consuming application process. The qualification requirements associated with the mortgage stress test used by the bank was a problem because she was self-employed.
Even though she was financially stable, Cherry found it hard to obtain loans from banks because of her self-employment, so she turned to Alpine Credits and looked into a home equity loan. It was a timely and efficient application process with a quick approval, which lifted a lot of stress and weight off her shoulders. The home was valued at just over a million dollars. Through it, she could get the financing she needed to expand her art business. Cherry received a loan worth $200,000, and now she continues to make a name for herself as an artist.
Cherry, Vancouver BC• F Goal: Business Capital
