Company Capital has been helping small business owners across Canada get the financing they need for 20 years. They believe in providing Canadian business owners with customized financing options, you tell them what you can afford and they tailor your loan to meet your needs. You can choose from:
Company Capital believes in real people. You’ll work directly with a real person to make sure you get the financing your business needs and the terms and conditions you need. Company Capital has both an online application and a downloadable version. Once you submit an application you could be approved and funded within two days.
Remember, the financing that Company Capital offers are aimed at businesses and all of their products may involve slightly different requirements for approval. That said, there are 2 basic requirements your business must have to qualify with Company Capital:
As you can see, Company Capital has easier approval requirements compared to other business lenders in Canada. However, there are a few other things that might help your business get approved for better rates and payment conditions, such as:
In the end, your chances of approval will depend mainly on your sales history and cash flow, which is why Company Capital will need to review your most recent bank statements. To properly qualify, your statements must show that your business is receiving at least 8 deposits per month from several sources.
The Company Capital application process is relatively simple and can be completed online, by email, or over the phone in just a few minutes. Here are some of the details and documents you may have to provide during the process:
While Company Capital is based in Victoria, British Columbia, they’ve been offering financing to businesses all over Canada for more than 20 years. They also have an approval rate of over 90% on all of their products. Here are some of the other positive features that make Company Capital stand out amongst its competitors:
Clearly, there are many benefits you’ll see if you apply for business financing from Company Capital. That said, it’s always important to consider the different costs you could run into along the way and factor them into your budget, such as:
It’s always essential to weigh the pros and cons of your lender so you end up with the financing product, payment term, and interest rate that best suits the financial needs of your business. Here are the main benefits and drawbacks of Company Capital:
Company Capital - Frequently Asked Questions
What types of businesses can qualify for financing?
Fortunately, all kinds of businesses can be eligible for financing from Company Capital, as long as they meet the minimum requirements, of course. Qualifying also depends on what kind of financing your business needs. For example, your enterprise can only receive a Merchant Cash Advance if it accepts debit and/or credit card transactions, as most retailers, restaurants, and stores do these days.What expenses can a term loan cover?
As mentioned, term loans from Company Capital are deposited as lump sums of cash directly into your business bank account, shortly after your application is approved. You can then use whatever funds you receive for almost any business-related expense that comes your way, such as:
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
|---|---|---|---|---|---|
Business Loan | $5,000 – $100,000 |
|
|
|
|
Line of Credit | $10,000 – $100,000 |
|
|
|
|
Merchant Cash Advance | $5,000 – $100,000 |
|
|
|
|
Got what I needed.
Want to show off your rating on your website? Copy the code below to embed our review widget on your website.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.
