Bond Investors

Download the Investor Kit

Find out how socially responsible lending can grow your wealth now. Download the details here.

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We Provide Investors With a High Yield Investment While Giving Canadian Borrows Access to Much Needed Credit

Did you know: 47% of Canadians live paycheque to paycheque? Many have no way of financially handling an unforeseeable expense. When tragedy strikes: divorce, a death in the family, or a protracted illness; these otherwise good people have nowhere to turn. These individuals don't fit into the big-five banks' mold for loans.

That's where we step in and where the opportunity exists for you as an investor.

Here's How Your Money is Put to Work

  1. You invest in one of Progressa's fixed income bonds
  2. We lend to qualified Canadians with verifiable employment income
  3. Borrowers repay loans with interest
  4. We pay you a fixed rate of return on your investment

Socially Responsible Lending & Investing

We give Canadians a second chance at credit through consumer loans and financial education.

Our strict underwriting process is technologically advanced and qualifies low-debt load, high job-stability individuals for loans they would otherwise not be eligible to receive from the big five banks.

The fixed income bond offering has been structured to providing investors an opportunity to generate a measurable social impact for credit Canadians challenged while also generating significant a financial return.

Better, Faster, More Discreet

As an online lender we leverage data and technology to more accurately and efficiently originate, underwrite and managing our growing portfolio while reducing the risks and costs traditionally associated with this type of loan.

Loans are protected against job loss, critical illness, death, and disability by mandatory loan protection insurance, resulting in high-value, long-term financial relationships.

This Is Where You Come In

Loans are funded through the sale of fixed income bonds that pay you up to a 12% fixed rate, and are RSP, RESP, and TFSA eligible investments.

As an investor you provide much needed funds that we then loan to reliable borrowers to repair their financial health. Borrowers then pay their loans back and you earn a return like clockwork.

You're In Good Hands

Progressa is the brainchild of a team of experienced individuals who have successfully founded and continue to operate several companies in the alternative finance space.

We have already established a strong track record for our investors, paying out hundreds of thousands of dollars in interest payments to fixed income bond investors since July of 2013.

The Offering Details

Our bonds offer up to 12% in fixed interest income.

Remember however that this is a closed opportunity with a limited investment goal, once the targeted funds have been raised, the offering will be closed.

Download our Investor Kit now for more information. After you download the summary and term sheet you'll have an opportunity to speak with a Progressa team member who can help answer any questions and help you with next steps should you choose to learn more.

Progressa Loan Sales Platform

Launching in Q2 2016

Coming Soon

Information is coming soon for institutional loan buyers. Please email for further information.

Terms of Service

Creditloans Canada Financing Inc. dba Progressa (“Progressa”) collects, uses and discloses personal information as described in our Privacy Policy available

By completing this form, you acknowledge that you will be contacted by one of our representatives regarding our products and services. Also, by way of this form, you consent to Progressa collecting, using and disclosing your personal information as set out in our Privacy Policy .References cannot live at the same address and at least one must be a family member and all must be people you speak with regularly. In connection with our collection, use and disclosure of your personal information, we may ask you to sign a further disclosure waiver or that you provide a consent to a personal investigation as defined in The Personal Investigations Act in writing, including by electronic means.

The following documents may be required to process your loan.

  • • Completed Loan Application form with your signature;
  • • Proof of income – i.e. pay stubs.
  • • Bank statements showing last 90 days of banking transactions;
  • • Recent phone or utility bill (from the home address listed on application);
  • • Copies of two (2) pieces of I.D. – Government issued with photo and signature;
  • • Lease or Rental Agreement, Rent Receipt, proof of mortgage, or a signed statement from someone you are living with.

I certify that the information provided on my application form is correct. By submitting an application online for a loan with Progressa, you agree that the information you have given Progressa on the application is complete and accurate. You further agree that you have read our Privacy Policy and Terms of Use..

Please Read Before Signing: As a condition of Progressa lending me money based on the information provided above, I make the following representation: I am not contemplating filing for bankruptcy within the next 6 months and have not consulted with an attorney or trustee concerning bankruptcy in the last 6 months.

Please note that Progressa does not currently lend to or solicit business from U.S. residents or residents of countries other than Canada. Please note that Progressa does not ever request a security deposit in exchange for processing a loan. Should you receive any such calls or requests, please contact our support centre at 1-855-723-LOAN.

To protect both you and us, we use certain services provided by third-parties to help decide whether to accept transactions from personal computers, mobile phones, or other devices. The third-party service checks whether these devices have been identified with fraudulent or abusive transactions in the past, such as reported instances of identity theft, account takeovers, or malware attacks. For this purpose, a cookie file, flash storage token, or other code file may be placed on your device to identify it in the future when you visit our website or connect with our applications. On connection with our site or service, we will transmit that device identification code to the third-party's server, along with data concerning certain technical attributes of your device such as the model, operating system, and browser version, as well as the IP address, all of which are used to confirm device identification. The third-party's server responds with a code recommending that transactions be accepted, denied, or reviewed, according to settings we have selected. We also report to the third-party if we conclude that a device has been used in connection with a fraudulent or abusive transaction with us. If you set your browser or device to reject these cookies or tokens, you may not be able to conclude some transactions through our website or application. We share with the third-party referenced above only information about the device you are using, which may also have been used or appropriated by others, and do not identify you or reveal the details of your transaction to that third-party. If you have questions about this please contact Customer Service.

Privacy Policy is owned and operated by Creditloans Canada Financing Inc. dba Progressa (“Progressa”, “we”, “us” or “our”), a company incorporated in British Columbia, and with offices in Vancouver and Toronto, have provided this Privacy Policy to describe our personal information handling practices, and to assure you of our continuing commitment to protect all personal information that we handle in the course of commercial activities. “Personal information”, as used in this Policy, means information about an identifiable individual, but does not include an individual's business contact information.

Purposes for Which Progressa Handles Personal Information

Progressa collects and uses personal information for the limited purposes described below. We collect personal information primarily from you, for instance through applications, supporting information and documentation you provide and through your ongoing interactions with us. If you have provided your separate, informed and written consent to personal investigations as defined in The Personal Investigations Act, we may also collect personal information about you from references, employers and other financial institutions you have identified in your application as well as credit bureaus, your bank account, and other third party sources.

We may collect personal information for the following purposes:

  • • verify identity and other information you have provided us and to determine your eligibility for the loan product you have applied for;
  • • administer your loan product(s);
  • • collect outstanding debts or enforcing any agreement between you and progressa; and
  • • maintain business records for reasonable periods to meet legal and regulatory records retention requirements.

Personal Information Progressa Collects

Progressa limits the amount and type of personal information collected to that which is necessary for our identified purposes, and we collect the personal information by fair and lawful means. We collect the following personal information:

  • • your name and contact information, including mailing address, telephone number, fax number and/or email address;
  • • the following additional information for identity matching and credit check purposes: occupation, name of employer, names and contact information for references, assets, liabilities, income, previous address, number of dependents, social insurance number, date of birth and driver's license number;
  • • your bank statement account information and detailed transaction history;
  • • the following information about the account or loan: current and historical account or loan information, balance and indebtedness, account transaction history and similar information, and records relating to the handling of any inquiries or complaints;
  • • banking information; and
  • • social data and emergency contact information.

Where required by law, we will only collect the foregoing personal information where you have provided your separate, informed and written consent to personal investigation as defined in The Personal Investigations Act.

Transfers and Disclosures of Personal Information

In connection with the above stated purposes, Progressa may disclose personal information to the following persons:

  • • credit bureaus, credit reporting agencies and your creditors;
  • • financial institutions;
  • • your employer;
  • • references you have provided;
  • • DecisionLogic or another secure third party bank statement verification software; and
  • • collection agencies, bailiffs and lawyers.

In addition to the above, personal information may be shared between Progressa's affiliates for the purposes described above, which could include defending and bringing legal actions. Assignees or successors of Progressa or our business or assets may use and disclose your personal information for similar purposes as those described in this Policy. Progressa may disclose your personal information as necessary to meet legal, regulatory, insurance, audit, and security requirements or as otherwise required by law.


Progressa uses safeguards and other security standards to ensure that all personal information in its custody and control is protected against loss or theft, as well as unauthorized access, disclosure, copying, use or modification, regardless of the format in which the information is held. Safeguards will vary depending on the sensitivity, format, location, and storage of the personal information. Authorized employees, agents and mandataries of Creditloans who require access to personal information to fulfill their job requirements will have access to personal information.

Access and Accuracy

Progressa may establish and maintain a file containing an individual's personal information for the purposes described above, which will be accessible at our offices. Individuals have the right to - 3 - LEGAL_1:41887893.5 request to access to or correction of their personal information that is held by Progressa. Requests must be made in writing, addressed to Progressa's Privacy Officer. We will respond to written request within a reasonable time (generally within 30 days). Provision of copies of records containing personal information may be subject to a fee. We will use our best efforts to ensure that personal information is accurate, complete, and up-to-date. If an individual successfully demonstrates the inaccuracy or incompleteness of personal information, we will amend the information as required. If we refuse access to personal information or disagree with an assertion that information held by us is incorrect, Creditloans will provide a written explanation for such refusal. An individual's right to request access to or correction of their personal information is subject to applicable legal restrictions. We may take reasonable steps to verify your identity before granting access or making corrections.

Progressa's Websites and E-Mail Communication

Progressa does not guarantee the confidentiality of any communications made by you via e-mail or otherwise through our websites. If you wish to provide information of a confidential or sensitive nature to Progressa, please contact us directly by telephone to arrange for delivery/transmission of such information by secure means.

We use cookies and other tracking technologies to improve your experience on our websites, to facilitate the online application process and for internal research and reporting purposes. A “cookie” is a bit of information that a website sends to your web browser that helps the site remember information about you and your preferences, such as your IP address and the pages of the website that you visit. You can set your browser to notify you when you receive a cookie or to refuse cookies altogether. However, if you refuse cookies, you may not be able to use certain features of our websites.

The Progressa websites may contain links to other websites of interest. These other website are not governed by our privacy policy and we are not responsible for any personal information which you provide while visiting other websites. We encourage you to read the privacy policy of every website you visit.


Consent to the collection, use and disclosure of personal information may be given in various ways. Depending on the nature of the personal information, consent can be express or implied. You may provide your consent in some circumstances where notice has been provided to you about our intentions with respect to your personal information and you have not withdrawn your consent for an identified purpose, such as by using an “opt out” option provided, if any. By submitting personal information to Progressa or its service providers and agents, you consent to the collection, use and disclosure of such personal information as described in this Privacy Policy or otherwise at the time of collection.


Subject to legal or contractual requirements and reasonable notice, you may withdraw your consent at any time by contacting Progressa's Privacy Officer. If you withdraw your consent, we may be limited or unable to provide you with certain services or information.

In certain circumstances, as permitted or required by law, we may collect, use or disclose personal information without the knowledge or consent of the individual. These circumstances include but are not limited to: personal information that is publicly available as defined by regulation; where collection is clearly in the interests of the individual and consent cannot be obtained in a timely way; where disclosure is made for the purposes of collecting a debt owed to us; or to comply with a subpoena, warrant or court order.

Inquires or Further Information

Progressa has appointed a Privacy Officer to oversee compliance with this Privacy Policy and applicable privacy laws. Any questions related to the Policy or the handling of personal information by Progressa can be addressed to the Privacy Officer who may be contacted at:

Attention: Privacy Officer
Creditloans Canada Financing Inc. dba Progressa
2000 - 1500 W. Georgia Street,
Vancouver, BC
V6G 2Z6

You may also reach the Privacy Officer by calling the Company's toll-free phone number 1-855-723-5626 (LOAN) and reaching the corporate head office by pushing option 4; alternatively, the Privacy officer can be reached at:

If you are not satisfied with Progressa's response to a privacy-related matter, you may contact the Office of the Privacy Commissioner of Canada at 1-800-282-1376 or at Progressa reserves the right to modify this Privacy Policy at any time. If we make a change to this Policy, we will post such changes on our website ( / and make the revised Policy and changes available upon request to Creditloans's Privacy Officer.

The Fine Print

1 - During regular business hours, we are typically in touch within 1-2 hours of your documents being received. If you are unsure whether your documents have been received, please call our toll-free number.

2 – Progressa will pay your bills according to the disbursements page of your executed loan agreement.

3 – Loans interview are subject to availability of loans advisors and regular business hours. A phone interview can range between 5 minutes and 30 minutes depending on the complexity of your financial situation. Further documents may be requested from our loans advisors, including proof of income, address, and tax return information.

4 – Melissa is a testimonial advertisement. The story is based on actual customer experience, however, her personal information has been changed to protect customer privacy.