Canadian Classification of Institutional Units and Sectors (CCIUS) 2012

• S1 - Total economy
• S12 - Financial corporations
• S123 - Other financial intermediaries except insurance corporations and pension funds

S1231 - Sales finance and consumer loan companies

This major group consists of consumer loan companies as well as sales finance companies. It is comprised of many firms that carry out both sales financing and loan activities.
Sales finance companies are those in the business of financing the purchase of goods and services at the industrial, wholesale or retail levels. Their lending activities include providing term loans to companies and financing of leased equipment and machinery.
Consumer loan companies specialize in direct lending to individuals, normally secured by promissory notes or on the security of chattel mortgages on the goods purchased. These companies operate under specific legislation.