Elect Capital Review 2026

QUALITY LENDER What these mean ›

Elect Capital offers Canadian businesses $25,000 to $1,000,000 in short-term, unsecured working capital over 3 to 12 months, with a 2-minute application, no hard credit check, same-day offers before 2 p.m. and funding often within hours. Eligibility is 8+ months in business and $15,000+ monthly revenue.

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In business

Since 2025

Customers served

10,000+

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for

Established businesses (8+ months, $15K+ monthly revenue) that need $25,000 or more within days and whose owners want underwriting based on business performance, not personal credit

Not for

Startups under 8 months old, businesses below $15,000 monthly revenue, anyone needing less than $25,000, or borrowers who want to compare published rates before applying

What we like

No hard credit check at application - soft check only
Same-day offers (before 2 p.m.) and funding often within 24 hours
Unsecured - no collateral and no personal guarantee per their FAQ
High ceiling for the category at $1,000,000
Minimal documentation: basic details and recent bank statements

Where it could improve

No rates, factors or fees published anywhere on the site
Direct-lender vs. marketplace role is ambiguous (site references fees from lending partners)
Served provinces not listed - availability varies by province
$25,000 minimum is high for very small funding needs
Trading-history requirement stated inconsistently (8 months vs. a year)

Eligibility and documents

Elect Capital publishes three requirements and evaluates the business, not the owner's credit score.

Who qualifies

Business registration: Registered Canadian corporation or partnership
Time in business: 8+ months trading
Monthly revenue: $15,000+ per month
Credit: No hard check at application; soft check only, full check only if you proceed with an offer
Documents: Basic business details and recent bank statements
Where it funds: Canada - availability varies by province (province list not published)

Awards earned by Elect Capital

Issued by our editorial team from platform data and verified reviews. Lenders cannot buy them.

Quality Lender

Vetted lenders that are listed on Smarter Loans

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