Published term loan terms, side by side. Rates reviewed October 2026.
Best for: Businesses six months old that want a term loan without a full year of history
Apply Now Full profileBest for: Established businesses that need $10,000 or more within days, want revenue-based underwriting instead of a credit-score gate, and can benefit from early-repayment discounts
Apply Now Full profile| CanaCap | Elect Capital | |
|---|---|---|
| Amount range | $5,000 – $500,000 | $10,000 – $1,000,000 |
| Rate | From 9.99% APR | Factor 1.29 - 1.49 |
| Term | 4 – 12 months | 3 – 12 months |
| Funding speed | 3 hours | 1 day |
| Income types | 3 income types accepted | Not published |
| Revenue minimum | $10,000/month revenue minimum | $15,000/month revenue minimum |
| Time in business | 6 months trading minimum | 12 months trading minimum |
| Minimum credit band | poor | Not published |
| Provinces | All provinces and territories | All provinces and territories |
