Show in main table
Not show
How much can you borrow?

$10,000 – $300,000

Interest Rate

Fixed Fee

Terms

Flexible

Who is eligible?

You have a Canadian-based business
You have an active commercial lease – not a home based or online business
You accept debit and credit cards
You have average monthly sales of $15,000
You have been in business for at least 12 months

What do you need to provide?

Business start date and general business information (such as legal business name and address)
If you lease your space, lease expiry date
Online business bank account login information or your most recent business bank statements in PDF format (previous 3 months)
Information about the business owner(s) (such as name, home address and birthdate)

How long does the application take?

10-20 minutes

How long does it take to get approved?

Under 30 minutes

How fast can you get the money?

2 days or more

How do you get the money?

Direct deposit

How do you repay the loan?

Evolocity will debit your business bank account daily for a small agreed-upon percentage of credit/debit card receivables. Because the amount varies depending on your sales, we only get paid when you do. Our online merchant reporting system allows you to track the balance of your advance and view your transaction details.

Calculator available?

No

Origination Fee?

Unavailable

NSF Fee

Unavailable

Early Repayment Penalty?

Unavailable