Published term loan terms, side by side. Rates reviewed October 2026.
Best 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 profileBest for: Established businesses with $5,000 a month in sales that want a term loan and a line of credit together
Apply Now Full profile| Elect Capital | Merchant Growth | |
|---|---|---|
| Amount range | $10,000 – $1,000,000 | $5,000 – $800,000 |
| Rate | Factor 1.29 - 1.49 | From 7.99% APR |
| Term | 3 – 12 months | 6 – 24 months |
| Funding speed | 1 day | 2 days |
| Income types | Not published | 3 income types accepted |
| Revenue minimum | $15,000/month revenue minimum | $5,000/month revenue minimum |
| Time in business | 12 months trading minimum | 12 months trading minimum |
| Minimum credit band | Not published | poor |
| Provinces | All provinces and territories | All provinces and territories |
