Time in business:
Loans offered:
Capital Advance provides financing for small businesses that need money to purchase inventory, grow or expand.
Products Offered
AMOUNT
$5,000 - $300,000
INTEREST RATE
Starting at 10%
TERMS
1 - 5 Months
Merchant Cash Advance
Conditions & Rates
Rate Starting at 10%
Amount $5,000-$300,000
Term 1-5 Months
Eligibility & Documents
Who is eligible
- No Start-ups. Operational for at least 90 days
- Located in Canada. Excluding Quebec
- Must generate more than $10,000 per month
What you need to provide
- Drivers License
- Bank Statements
- Void Cheque
Repayment & Issuance
How fast can you get the money Under 48 hours
Funding method Direct Deposit
How does repayment work Daily or weekly payments
Contact information
hello@capitaladvance.ca- 1235 Bay StToronto, ON M5R 3K4
Availability:
All of Canada, except QuebecSupport Offered:
- Phone Support
- Email Support
- Web Chat
- FAQs
- Client Login
Call Center:
Mon-Fri 9AM - 5PMFrequently Asked Questions About Capital Advance
What is Capital Advance?
What does Capital Advance offer?
Capital Advance offers Unsecured Term Loans and Merchant Cash Advance.
Is Capital Advance safe?
Capital Advance has helped customers like Esso, Swiss Chalet, and Second Cup. They started in 2020 and was made to be as effortless as possible.
What is the interest rate on a Capital Advance financing?
The interest rate on a Capital Advance financing starts off at 10%.
How does repayment work?
Once the terms of the agreement have been established then the funds get sent to your bank account, typically within 24 hours of applying and fixed payments will be withdrawn automatically from your bank account.
How do I qualify for merchant cash advance from Capital Advance?
In order to qualify for a merchant cash advance the business must be in operation for a minimum of 3 months, generate a minimum of $10,000 per month and accept payment via a POS system. Additionally, they must have a physical location and be Canadian.
What does Capital Advance do?
Capital Advance aims to provide stress-free, easy and simple financing options to Canadian businesses.
What industries does Capital Advance provide financing to?
Capital Advance offers flexible financing solutions for all businesses, such as those in the Salon industry, Retail, Restaurants, Automotive, Skilled Trades and more.
How much can I borrow from Capital Advance?
You can borrow anywhere from $5,000 to $300,000 from Capital Advance.
How long do I have to pay back my loan from Capital Advance?
Capital Advance offers 1-to-5-month term lengths on loans.
What is merchant cash advance?
Merchant cash advances allow a business owner to leverage future credit and debit card sales by receiving an advance of those funds as a lump sum. This is then repaid as a percentage of sales until the advance is paid off.
How fast will I receive my loan funds?
If approved, you will receive your loan funds within 48 hours directly into your bank account.
Capital Advance Reviews
Avg. Rating: 5.0 (1 review)
Happy with my experience
May 17, 2021
“I've been a client for 6 months now and I am very happy with my experience so far. I was able to get more inventory for the spring summer season because of the financing I got. ”
