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Evolocity
4.7 / 5

Evolocity is a Canadian owned and operated company. With an experienced management team who have been in the finance industry for over 25 years, we understand the capital needs of your small-medium sized business. We will collaborate with you to evaluate your unique financial situation and tailor our services accordingly. Our technology-driven solution provides your business with transparent access to growth capital – quickly.

Call center

Monday to Friday
9AM to 6PM EST

Web Chat
Help Center/Blog
Email Support
Years
in business

Since 2008

Number
of customers

2,100

Total
funded

Unavailable

Availability:

All of Canada

Evolocity Reviews
4.7 /5 (7 Reviews)
Expert reviews Sort by rating
Evolocity Financial Group: Cash Advance or Small Business Loan
Michael Dautner is the editor-in-chief at Paymentweek.com, an international financial technology website. Based in New York, Michael is a FinTech expert, published in numerous top-tier publications in North America.
Evolocity has set out with one main goal in mind, to offer Canadian SMBs access to the working capital they so desperately need to sustain operations, and to offer it to them quickly and easily.
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Evolocity Brings Speed and Efficiency to Small Business Lending
Jared Lindzon is a regular contributor to top tier publications around the world, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.
Today, small businesses looking for a loan or cash advance of $10,000 to $250,000 only need to spend about 8 minutes on the Evolocity website, and if approved will receive a loan within 48 hours, no pen or paper required. In fact, the entire process can be completed on a mobile device.
Read more...

Product Offering

Merchant Cash Advance Apply now
Interest rate

Fixed Fee

Amount

$10,000 – $300,000

Term

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 6 months

What 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 fast can you get the money

2 days or more

Funding method

Direct deposit

How does repayment work

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.

Business Loan Apply now
Interest rate

Starting at 6.99%

Amount

$10,000 – $300,000

Term

4 – 18 months

Who is eligible

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

What 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 most recent business bank statements in PDF format (previous 3 months)
Information on the business owner(s) (such as name, home address and birthdate)

How fast can you get the money

2 days or more

Funding method

Direct deposit

How does repayment work

Evolocity will debit your business bank account daily for a small agreed-upon fixed amount , allowing you to budget for the repayment of your loan in smaller increments. Our online merchant reporting system allows you to track the balance of your loan from anywhere and at any time.

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