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CanaCap

Avg. Rating: 4.8 (8 reviews)

Canacap’s number one priority is to put the power of business growth back in the business owner’s hands by giving you convenient access to working capital without the massive paperwork, complications, and delays of a traditional bank. Our one page application process is fast, easy, and free. Many business owners have been denied traditional loans by their banks and other lending institutions – that’s where we step in. Our expert in-house underwriters help our clients get approved for financing quickly and with minimal paperwork.

With no collateral required, our approval rates for applicants is over 90% and most businesses are funded within 24-48 hours! You can use your funds to buy inventory, invest in equipment, build a website, hire staff, and do whatever you need to grow your business.

  • TIME IN BUSINESS: Since 2016
  • # OF CUSTOMERS: Over 10,000
  • TOTAL FUNDED: $25,000,000
  • LOANS OFFERED: Business Loans
Visit Site and Apply

1-866-582-7826

sales@canacap.ca 5101 Rue Buchan Suite 251, Montreal, Quebec, H4P 1S4
Call Center: Monday - Friday 9:00am to 6:00pm EST
Support Offered:
  • Email Support
  • Help Center
Availability: All of Canada except Quebec

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Varies Amount $5,000 – $500,000 Term 4-12 months

Eligibility & Documents

Who is eligible

  • Min 6 months in Business
  • Business does at least 10,000$ a month in gross deposits

What you need to provide

  • Canacap Completed Application
  • 4 Recent business bank statements (all business accounts)

Repayment & Issuance

How fast can you get the money Under 48 hours Funding method Direct Deposit and/or same day wire How does repayment work Daily or weekly from business bank account

Articles About CanaCap

Secured Business Loans - Smarter Loans

How Canacap Approves 90% of Canadian Merchants for Financing
By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Frequently Asked Questions About CanaCap

What is CanaCap?

CanaCap is a business loan providers in Canada. They've been in business since 2016 and have helped hundreds of Canadian business owners with financing solutions.

Is CanaCap Safe?

Yes. CanaCap has been in business since 2016 and has over 10,000 customers.

What Products and Services Does CanaCap Offer?

CanaCap provides capital to an array of business types with minimal restrictions and offers business loans and merchant cash advance.

How Much Can I Borrow from CanaCap?

You can borrow $5000 - $500,000 from CanaCap.

What Is the Interest Rate on a CanaCap Loan?

The factor fee on CanaCap business loans varies.

What Is the Term Length for a CanaCap Loan?

Terms on a CanaCap business loan is between 4 and 12 months.

How to Qualify for a CanaCap Loan?

To qualify for a CanaCap loan you must be in business for a minimum of 6 months, earn at least $10,000 a month in gross deposits and complete the CanaCap application, plus provide 4 recent business statements (all business accounts).

Can I Apply Online for a CanaCap Loan?

Yes, you can complete your online application in minutes or you can call CanaCap directly.

How Fast Can I Get a Loan from CanaCap?

Once approved, funds get deposited to your bank account within 24-48 hours.

How Will CanaCap Send Me the Loan?

The loan proceeds are deposited directly into your bank account or by wire transfer.

How Does Loan Repayment Work at CanaCap?

CanaCap loans are repaid through pre-authorized payments from your bank account.

Which Provinces Is CanaCap Available in?

CanaCap is available in all of Canada, except for Quebec.

What Kind of Customer Support Does CanaCap Offer?

You can contact CanaCap via phone, email or their help centre online.

What are CanaCap Working Hours?

You can apply for a CanaCap loan online or they can be contacted by phone, Monday through Friday from 9AM to 6PM EST.

CanaCap Reviews

Avg. Rating: 4.8 (8 reviews)
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Helped my business

Thanks to CanaCap I was able to get a loan for $24,000 and add some new equipment to my auto repair shop. They really helped me out when I had a hard time getting approved at other places. Great experience and customer service.

Thomas
Funded Quickly

I needed to get new inventory for my hair salon and CanaCap was able to approve and get me the funds within 48 hours. The speed and service was very good.

Sheryl
Needed money quick

James Johnson
Fast

Very easy to apply, was approved veryquickly

Jim J.
Better Than the Bank!

CanaCap offered us better terms than our bank. Great for small businesses!

Michelle G.
Fast Funds, No Hassle

Quick and easy application process. I had the funds in my account within two days.

Leo R.
Professional and Reliable Service

The team at CanaCap was very professional. The process took a few days but overall great experience.

Hannah F.
Fast Capital, Real Results

CanaCap helped my business secure the working capital we needed to expand. Excellent service and fast approval!

Jordan W.

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