Published term loan terms, side by side. Rates reviewed November 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 bringing in $10,000 a month or more, with fair credit, who want a fixed loan they can clear within two years.
Apply Now Full profile| CanaCap | Spring Business Funding | |
|---|---|---|
| Amount range | $5,000 – $500,000 | $5,000 – $500,000 |
| Rate | From 9.99% APR | From 7.99% APR |
| Term | 4 – 12 months | 6 – 24 months |
| Funding speed | 3 hours | 2 days |
| Income types | 3 income types accepted | Not published |
| Revenue minimum | $10,000/month revenue minimum | $10,000/month revenue minimum |
| Time in business | 6 months trading minimum | 6 months trading minimum |
| Minimum credit band | poor | fair |
| Provinces | All provinces and territories | All provinces and territories |
