Evolocity

Avg. Rating: 4.8 (5 reviews)

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.

  • TIME IN BUSINESS: Since 2008
  • # OF CUSTOMERS: 2,100
  • TOTAL FUNDED: Unavailable
https://www.evolocity.ca/

1-877-781-0148

Call Center: Monday to Friday
9AM to 6PM EST
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Fixed Fee Amount $10,000 – $300,000 Term Flexible

Eligibilty & Documents

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)

Repayment & Issuance

How fast can you get the money 2 days or more Funding methodDirect 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.

Conditions & Rates

Interest rate Starting at 6.99% Amount$10,000 – $300,000 Term 4 – 18 months

Eligibilty & Documents

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)

Repayment & Issuance

How fast can you get the money 2 days or more Funding methodDirect 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.

Articles About Evolocity

By Michael Dautner

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.

By Jared Lindzon

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.

Evolocity Reviews

Avg. Rating: 4.8 (5 reviews)
Excellent

Evolocity is a 5 star lender in my books!!

Barb
Reliable

representatives and customer service agents are most reliable and attentive.

Norma Davis
Thanks

Evolocity was good. At the end of the day we accomplished what we set out to undertake. Nothing was wow, but they were good and helped us, so thank you!

Margie
Life Savers!!!

I needed this help so badly, Im so glad I found Evolocity the process couldn't be simpler and the customer service couldn't be better!

Dany
Referred by a friend

I mentioned to my friend that I needed more money to expand my business but I didn’t think I could get approved for a loan. He told me to research online for business non-bank loaners and I found Evolocity...customer service was on point, but the payment structure was a bit wacky.

Marissa

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