Term funding offers businesses a short-term influx of capital which is often used to invest into the growth of the business through equipment purchases, hiring, inventory purchase. This is then repaid with fixed payment over the agreed upon term, typically between 3 to 12 months. In order to qualify for term funding the business must be in operation for a minimum of 6 months and generate a minimum of $10,000 per month. Additionally, they must have a physical location and be Canadian. Capital Advance assesses the cashflow of a business and other key metrics, thus a poor credit score is not a problem.

To be approved for Term Funding with Capital Advance, you must be in business for at least 6 months, have $10,000 in sales per month, must be in Canada, and not be internet based.

Yes! Poor credit is not a problem, as long as you do not have an open bankruptcy

Once the terms of the agreement have been established and funds send to your bank account, typically within 24 hours of applying fixed payments will be withdrawn automatically from your bank account. Unlike traditional lending this means you don’t have to be concerned about large monthly payments. If you wish to pay out your term funding early, that’s not a problem and there will not be any penalties for doing so.

Your business may qualify for Term Funding up to $100,000

Yes, with Capital Advance your Term Funding is open and you can pay it off without penalties at any time.

Yes, you can apply for Term Funding more than once, after the initial funding is paid in full. We also offer additional funds throughout your term periodically.

Merchant cash advances allow a business owner to leverage future credit and debit card sales by receiving an advance of those funds as a lump sum. This is then repaid as a percentage of sales until the advance is paid off. In order to qualify for a merchant cash advance the business must be in operation for a minimum of 6 months, generate a minimum of $10,000 per month and accept payment via a POS system. Additionally, they must have a physical location and be Canadian. Capital Advance assesses the average daily POS sales of a business and other key metrics, thus a poor credit score is not a problem.

Once the terms of the agreement have been established and funds send to your bank account, typically within 24 hours of applying a percentage of daily or weekly sales will be withdrawn automatically from your bank account. Unlike traditional lending this means you don’t have to be concerned about large monthly payments. If you wish to pay out your merchant cash advance early, that’s not a problem and there will not be any penalties for doing so.

Capital Advance is a direct lender. We do not work with brokers and will never share or sell your information.

Capital Advance requires you to have an established Canadian business for at least 6 months, that consistently generates more than $10,000 in gross revenue each month. At this time we do not provide funding in Quebec.

We provide short-term small business funding and merchant cash advances to small businesses in Canada.

It is very likely that we will be able to provide you with quick short term funding, even if you are not eligible for a business loan from your bank. Business loans require a minimum of 2 years in business, Capital Advance requires 6 months in business. A business loan requires a minimum credit score, Capital Advance does not do a credit check.

In addition to the above minimum requirements we will assess your cash flow, debt obligations, supplier and rent payment history, years in business, industry, public records, social presence and other factors.

Capital Advance does not require you to have a minimum credit score and thus you are eligible to apply with no credit history.

Capital Advance does not provide startup business funding in Canada.

Capital Advance understands that many life situations can affect your credit score and thus we do not take it into consideration when reviewing your merchant advance funding application.

To apply for working capital finance please start here.

Completing the application will take you less than 10 minutes to complete and we will provide you with an answer within 48 hours.

Capital Advance does not do a credit check.

Capital Advance will provide you capital even if you have an existing loan, line of credit or funding from another alternative lender. We will however assess your current debt obligation and balances to determine how much business capital finance you qualify for.

Capital Advance provides only unsecured products. Unlike a bank loan which typically requires collateral.

Capital Advance does not provide personal lending.

Your funds can be used for nearly any business need! From inventory and marketing to payroll and renovations, a merchant cash advance provides the flexibility to invest where your business needs it most.

A merchant cash advance could be ideal for a business that needs fast funding and has steady sales. It’s especially helpful for seasonal businesses or those with fluctuating cash flows.

Repayment of your merchant cash advance will be made automatically through a pre-authorized debit from your bank account daily or weekly. This allows for manageable payments, instead of a sizable monthly payment.

You may make an early repayment of your balance at any time. In addition to not charging you any penalties we will provide you with a 10% discount on the outstanding balance at that time. This is one of the many Capital Advance Advantages.