Join millions of Canadians who have already trusted Loans Canada
Find A LenderBizcap: Overview
Bizcap is a flexible small‑business funding provider in Canada, dedicated to helping small and medium‑sized businesses access fast, flexible financing. Previously known as NewCo Capital Group, the company recently relaunched its Canadian operations under the Bizcap Canada brand.
With a streamlined online application and approval process, businesses can get approved for $10,000 to $2 million in funding in as little as a few hours, with capital often delivered the same day.
By evaluating real business performance instead of relying on strict traditional loan criteria, Bizcap can approve more applicants and support companies across various industries and operating styles.
Our Verdict
| Who is Bizcap best for? | Best for borrowers who: – Are small or medium-size business owners – Need working capital – Are looking to scale – Need fast funding |
| What we like about Bizcap | – No hard credit checks – Bad credit accepted – Fast funding as quickly as the same day – Minimal documentation required |
| What we don’t like about Bizcap | – Not suitable for brand-new businesses – Must generate at least $20,000/month to qualify |
What Does Bizcap Group Offer?
Bizcap specifically offers revenue-based financing and a revolving line of capital for small to medium-sized businesses.
| Revenue-Based Financing | Line Of Credit | |
| Advance Amounts | $10,000 – $2 million | $10,000 – $2 million |
| Advance Terms | Flexible (typically ranges from 3-12 months) | Flexible |
| Repayment Options | – Daily – Weekly | – Daily – Weekly |
| Funding Time | As quickly as the same day after approval | As quickly as the same day after approval |
| Funding Method | Not specified | Not specified |
| Availability | All provinces | All provinces |
Revenue-Based Financing
Revenue-based financing gives businesses access to working capital in exchange for a fixed percentage of their monthly gross revenue. Payments adjust with your business’s revenue, ensuring they remain manageable during slower periods and flexible as your business changes.
This makes revenue-based financing ideal for managing cash flow, covering expenses, or investing, based on your business’s revenues at any given time.
Bizcap Revenue-Based Financing Features
- Fast Access To Capital: Revenue-based financing typically offers quicker funding compared to traditional loans, with less paperwork and fewer hoops to jump through. You can get funded in as little as the same day following approval.
- Flexible Repayment Terms: Payments scale with your business’s revenue, so you’re never tied to set monthly payments. Choose from daily and weekly payments that suit your business needs.
- Bad Credit Accepted: Approval is based more on revenue performance than your credit score, making it accessible to those with poor credit history.
- Supports Business Growth: Revenue-based financing is great for scaling businesses with predictable revenue streams.
- Don’t Wait For Customers To Pay: Leverage your unpaid invoices instead of waiting for customers to pay.
Line Of Capital
Bizcap’s Line of Capital is a type of revolving financing solution that provides businesses with quick access to working capital whenever it’s needed. Unlike traditional revenue-based financing that provides a one-time lump sum, a line of capital lets you draw as much or as little money as needed, up to a pre-approved limit. That means you can access capital as your business needs it, without having to apply and wait for another loan approval.
Once your account is set up, your drawdown period begins, during which time you can access funds. You can repay as you can then re-borrow as needed without having to go through the application process again.
Bizcap Line Of Capital Features
- Revolving Access To Funds: Draw any amount from your account up to the set limit, and once it’s repaid, you can re-borrow again and again as needed.
- Early Payoff: Repay what you borrow any time without incurring early repayment penalty fees.
- Instant Draw Via Secured Portal: Withdraw the needed funds securely when you need them.
Qualifying With Bizcap
Qualifying for financing with Bizcap is relatively straightforward. All you need is the following:
| Eligibility Requirements | – 6+ months in business – $20,000 monthly minimum revenue – Active business number (BN) |
| Documentation Required | Proof of the following: – Revenue history – Business owner profile – Other relevant info |
Can I Still Qualify With Bad Credit?
Yes, you can still get financing from Bizcap even if you have poor credit. Rather than focusing on your credit score, Bizcap places more weight on other factors, such as your business’s cash flow and revenue.
Their financing solutions are flexible and can be customized to fit in with your revenue cycles. Rather than having to meet hard due dates, you can repay on terms that are more comfortable and suitable for your business.
How To Apply With Bizcap
To apply for financing with Bizcap, follow these steps:
Step 1: Determine How Much You Need
Choose your advance amount from $10,000 to $2 million.
Step 2: Enter Your Monthly Revenue & Time In Business
Enter the monthly revenue your company generates, as well as how long your business has been in operation.
Step 3: Provide Business Information
Include information about your business, including what industry you’re in and what you need the funds for.
Step 4: Enter Your Contact Information
Provide your contact information, including your name, email address, and phone number.
Step 5: Provide Documentation
Depending on your situation, you may be asked for certain types of documentation to demonstrate your business’s revenue and age.
Step 6: Wait For Application Review & Approval
Based on the information you provide, you can get approval in as little as 3 hours and funding on the same day after approval.
What We Like About Bizcap
Bizcap offers plenty of perks, including the following:
- Minimal Documentation Required: You don’t need to provide extensive documentation to apply for working capital financing.
- No Hard Credit Checks: You won’t have to undergo a hard credit inquiry when applying, so your credit score won’t be affected.
- Fast Funding: Get access to money quickly after completing an application and approval.
- Bad Credit Accepted: You can get approved for financing with bad credit.
What We Think You Should Watch Out For
As helpful as Bizcap may be, there are a couple of potential hurdles to consider before applying for financing:
- Not Suitable For New Businesses: You must be in business for at least 6 months to be eligible for financing.
- Minimum Revenue Required: Your business must generate at least $20,000/month to qualify.
Is Bizcap Safe?
Yes, Bizcap seems to be a safe and legitimate firm. Bizcap Canada’s integration into Bizcap Group’s global network gives borrowers access to a larger, proven infrastructure with strong systems and compliance. Consumers can benefit from the stability and safeguards of a global lender with a long track record and billions of dollars funded worldwide.
What Do Consumers Think Of Bizcap?
It’s always a good idea to see what others have to say about companies before working with them. Customers rate the company highly on Trustpilot, with a 4.4/5 rating from over 100 reviews and customers praising their speed, professionalism, and transparency.
Customers seeking assistance can reach our support team by email at Apply@bizcapfunding.ca.
How Does Bizcap Compare To Merchant Growth?
Other business lenders are available to Canadian business owners, including Merchant Growth. So how does Bizcap compare to Merchant Growth?
| Bizcap | Merchant Growth | |
| Financing Options | – Revenue-based financing – Line of capital | – Term financing – Lines of credit – E-Commerce financing |
| Amounts | $10,000 – $2 million | $5,000 – $800,000 |
| Terms | Flexible (though typically from 3-12 months) | 6 – 24 months |
| Repayment Options | – Revenue-based financing: Daily & weekly – Line of capital: Flexible, customized repayment schedule | – Daily – Weekly |
| Funding Time | As quickly as the same day after approval | 24 hours |
| Availability | All provinces | All across Canada |
| Eligibility | – Own a business for a minimum of 6 months – Minimum revenue of $20,000/month | – Own a business for a minimum of 6 months – Minimum revenue of $10,000/month |
Final Thoughts
Bizcap is committed to fast, flexible funding for businesses in Canada. With continued growth and dedication to innovation and funding speed, the company continues to be an attractive option for small and medium-sized businesses in terms of alternative finance. If you’re looking for a unique revenue-based financing option, Bizcap is worth considering.
