Newstart Canada

Credit for consumer loans

Pickering, Ontario

Canada

www.newstartcanada.com/about.html

About Newstart Canada

Newstart Canada was created as a boutique lender in response to the needs of a growing segment of Canadians who require a vehicle loan, but have been turned down by regular financial institutions because of poor or damaged credit. Newstart Canada is an auto-leasing and finance company committed to delivering cars and credit to this large segment of Canadians.

Newstart Canada services the growing market in Ontario of individuals who are self-employed, single parents, new immigrants, bankrupts and others with no credit or damaged credit. These people often require a vehicle to get to and from work and can have severe difficulty in finding financing through traditional channels.

Newstart is totally focused on client satisfaction and improving their clients’ credit score, and this why Newstart calls itself the “Social Lender”. Recently due to the growing demand of loans, Newstart Canada Inc. has opened a branch office in Nova Scotia and plans to expand with offices across Canada.  

We became a B Corporation to enhance our commitment to be a socially and environmentally responsible organization helping those individuals who are in need.  We draw meaning and satisfaction with our conviction that we provide a valuable service to our clients and the community.

The Change We Seek®

Newstart Canada Inc. believes that people come first! The goal at Newstart Canada is their commitment to help people who want to be helped.  Bad credit or no credit does not have to be a lifetime sentence.  Newstart Canada wants to be “your stepping stone to better credit” and help you get your credit history back to where it should be.  

What makes us a better company?

B Impact Report

Certified since: 

October 2013
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

6
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

21
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

42
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

17
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

16
6
Overall B Score
101
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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