Thinking Capital Reviews, Ratings And Fees January 2023

Based on 1
Customer Reviews
4200 Boulevard Dorchester #300
Montreal, Quebec
H3Z 1V4
  • Monday to Thursday 8 am - 6 pm
  • Friday 8 am - 4 pm
  • Saturday 10 am - 2 pm

Who Is Thinking Capital

Note: Thinking Capital is now Driven. For more information about Driven, click here.

Thinking Capital is a Fintech company that’s been operating for over 10 years. Their goal is to transform the way small and medium-sized Canadian businesses borrow the funds they need. They offer both fixed and flexible repayment plans and work with a wide variety of industries across the country. So, if you’re looking to grow your business with a loan or merchant cash advance, Thinking Capital could be the right option for you.

How to Qualify For Business Financing With Thinking Capital

There are a few requirements you’ll need to meet in order to qualify for a small business loan or merchant cash advance from Thinking Capital, including but not limited to:

  • Proof that you’re a Canadian resident and are at least 18 years of age
  • A business that’s based in Canada and in operation for at least 6 months
  • Average monthly card-sales of $7,000 minimum
  • If the business is home-based, average monthly sales of $20,000 minimum
  • If you have bad credit, you may be requested to provide a co-signer

Luckily, Thinking Capital is less focused on a business owner’s credit score. Instead, your approval odds, financing amount, and interest rate will hinge more on your enterprise’s current and future cash flow. As long as your business passes the criteria above, you may receive your funding from Thinking Capital in as little as 48-hours (depending on how much you apply to borrow).

Thinking Capital’s Application Process

Remember, Thinking Capital is a business lender. As such, there may be a few essential documents to present when you apply, including but not limited to:

  • A piece of Government-Issued photo identification
  • A void cheque
  • Your most recent banking and/or merchant statements
  • Similar documents from your co-signer (optional) 

Thinking Capital has its own web portal, so you’re able to apply 100% online from anywhere in Canada. The process only takes about 10 minutes. All you have to do is fill out an application and finish it off with your electronic signature. 

Otherwise, you can call their customer service number for more information about their borrowing process. Before you get started, however, keep in mind that if you’re applying for a large amount of financing, you may be required to provide additional documentation.

Features That Make Thinking Capital Stand Out 

Not sure if Thinking Capital is the right source of business financing for you? Then let’s take a look at some of the more positive features of their lending company. For instance, Thinking Capital maybe your best option because they:

  • Offer financing amounts of $5,000 – $300,000
  • Offer 2 types of business financing (term loans & merchant cash advances)
  • Award a $500 bonus to clients who refer them to other businesses
  • Provide financing that can be used for almost any business expense
  • Have easier qualification standards than many other business lenders
  • Charge adjustable borrowing fees (based on the strength of your business)
  • Only collect merchant cash advance payments from Monday to Friday
  • Can provide you with a daily, weekly, or bi-weekly loan repayment plan
  • Offer funding to a variety of businesses, such as:
    • Restaurants & Bars
    • Health Services
    • Fitness Clubs
    • Retail Stores
    • Construction Companies

Potential Costs of Business Financing With Thinking Capital

Although there are numerous advantages to acquiring your small business loan or merchant cash advance through Thinking Capital, it’s always important to consider the possible costs you may encounter during your repayment plan, such as:

  • Your fixed daily, weekly, or bi-weekly loan payments
  • A flat yearly fee of 8% – 22% of your borrowed loan amount 
  • Daily merchant cash advance payments (based on your sales volume)
  • A flat fee added to your merchant advance approval amount and payments
  • Possible NSF (non-sufficient funds) or late payment penalties

Before you apply for financing, it’s also essential to understand that both small business loans and merchant cash advance payments, plus any related fees, will be automatically withdrawn from your business bank account. So, if your account has insufficient funds when your payment comes due, you may be charged a penalty for defaulting, which could also have a negative impact on your credit. 

What Are the Pros and Cons of Applying With Thinking Capital?


  • Approval requirements are relatively easy
  • Application can be completed 100% online, Canada-wide
  • Loan payments, terms, and interest rates are adjustable
  • Merchant cash advance payments and terms are flexible
  • No collateral or other security required
  • Many different businesses are eligible for fast financing
  • Financing is liquid cash and can be used for almost any business expense
  • Loan interest rates are displayed on their website


  • Weak business revenue/credit can make financing conditions less favourable
  • Defaulted payments can damage your business credit score
  • Penalty fees may also apply for defaulted payments 

Thinking Capital - Frequently Asked Questions

How are a Small business loan and a merchant cash advance different?

Although you can find all the relevant information on their website, we’ll offer you a brief rundown of Thinking Capital’s two main business financing products, both of which you can access within roughly two business days of your application’s approval:
  • Small Business Loan – Otherwise known as a term loan, this is a lump sum of money that gets deposited directly into your bank account soon after approval. You’ll then have a specific repayment term of 6, 9, or 12 months and your loan balance will be divided into a series of fixed daily, weekly, or bi-weekly payments. Once your balance is fully paid, you can apply again or move on. As mentioned, interest rates range from 8% – 22%. 
  • Merchant Cash Advance – Here, you will also receive a lump sum of cash in your business bank account. However, unlike a loan, your repayment date is open-ended and your payments are “flexible”, meaning they are adjusted according to your business’s daily sales. Thinking Capital will then withdraw a percentage of those sales every day (from Monday to Friday) until the conditions of your advance are met. If your normal payment date falls on a bank holiday, the percentage will instead be withdrawn on the next business day.

How can I get approved for good business financing conditions?

Thankfully, one positive thing about Thinking Capital is that their approval requirements are more lenient than other business lenders in Canada. That said, you will likely have far better odds of getting approved for favourable financing conditions if you prepare yourself and your business properly for the application process. For instance, it should be easier to get approved for a lot of financing and a low-interest rate if your business:
  • Is making a decent revenue (at least $7,000 or $20,000 monthly)
  • Is shown to be viable (having a solid business plan may help)   
  • Has a good credit score and credit history (few or no defaulted payments)
  • Doesn’t have a lot of existing unpaid debt (trustworthiness is key) 

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Business Loan

Interest Rate
Term (Months)
Funding Time
In as little as 24 hours
Funding Method
Repayment Options
A minimum of 3 months worth of bank account data Government-issued photo ID Void chequeMust be a Canadian-based business Have an average monthly card sales of at least $7,000 Operating for a minimum of 6 months

Reviews & Ratings

See what others have to say about Thinking Capital

My experience with Thinking Capital has always been really good, they stood by me when I needed help and that’s all I could really ask for.

- Juliano (June 26, 2019)


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