Time in business:
Loans offered:
iCapital is one of the oldest and most reputable online lenders for small businesses in Canada. They've funded hundreds of small businesses from all over Canada.
Products Offered
AMOUNT
$5,000 - $250,000
INTEREST RATE
Starting at 9%
TERMS
3 - 18 months
Business Loan
Conditions & Rates
Interest rate Starting at 9% Amount $5,000-$250,000 Term 3-18 months
Eligibility & Documents
Who is eligible
- At least 1 year in business
- Annual revenue of $100,000 or more in last 12 months
- Must have a storefront or professional office space
- No start-ups, construction, home businesses, online businesses, funeral homes, furniture or jewellery stores and cheque cashing businesses.
- No open bankruptcies
What you need to provide
- 3 months of bank statements
- 2 pieces of government-issued I.D.
- Articles of incorporation
- Void cheque
Repayment & Issuance
How fast can you get the money Under 48 hours Funding method Direct Deposit How does repayment work Daily or as a percentage of sales
Merchant Cash Advance
Conditions & Rates
Interest rate Varies Amount $5,000-$250,000 Term N/A
Eligibility & Documents
Who is eligible
- At least 1 year in business
- Annual revenue of $100,000 or more in last 12 months
- Must have a storefront or professional office space
- No start-ups, construction, home businesses, online businesses, funeral homes, furniture or jewellery stores and cheque cashing businesses.
- No open bankruptcies
What you need to provide
- 3 months of bank statements
- 2 pieces of government-issued I.D.
- Articles of incorporation
- Void cheque
Repayment & Issuance
How fast can you get the money Within a few days Funding method Direct Deposit How does repayment work As a percentage of daily sales
Contact information
info@icapital.ca- 68 Jutland Road, Block B, Unit 23, Toronto, ON M8Z 0G7
Availability:
All of Canada, except QuebecSupport Offered:
- Help Center/Blog
- Email Support
- Social Media
Call Center:
Mon-Fri: 9:00am-5:00pmFrequently Asked Questions About iCapital
What is iCapital?
What Products and Services Does iCapital Offer?
iCapital offers 3 business financing options to choose from: a secured small business loan, a small business term loan and a flexible merchant cash advance.
What Is the Interest Rate on an iCapital Loan?
The interest rate on iCapital business loans start at 9%.
How to Qualify for an iCapital Loan?
To qualify for an iCapital loan and an iCapital merchant cash advance you'll need to have been in business for 1 year, have annual sales revenue of $100,000 or more in the last 12 months, must have a storefront or professional office space (cannot be a start-up, home business, etc.) and have no open bankruptcies. Additionally, you'll need to provide 3 months of bank statements, 2 pieces of government identification, articles of incorporation and a void cheque.
How Fast Can I Get a Loan from iCapital?
With iCapital you can get the funds in 48 hours.
How Does Loan Repayment Work at iCapital?
The automated payment system makes repayment hassle-free and highly secure thanks to iCapital's partnership with DC Bank. You can access your account 24/7 through their secure customer portal. You will receive monthly communications, including a summary of your balance. The loan is repaid daily or as a percentage of sales.
What Kind of Customer Support Does iCapital Offer?
You can contact iCapital's customer support by phone, email or chat with them live online during operating hours.
Is iCapital Safe?
Yes, iCapital has been in business since 2007, and has helped hundreds of businesses in Canada. They are partnered with Ontario Chamber of Commerce & Restaurants Canada.
How Much Can I Borrow from iCapital?
You can borrow $5000 - 250,000 from iCapital.
What Is the Term Length for an iCapital Loan?
Terms on an iCapital business loan are between 3 and 18 months.
Can I Apply Online for an iCapital Loan?
Yes, you can apply anytime using their online application form which can be completed in as little as 60 seconds.
How Will iCapital Send Me the Loan?
The loan proceeds are usually deposited directly into your bank account.
Which Provinces Is iCapitalAvailable in?
iCapital is available in all of Canada, except for Quebec.
What are iCapital Working Hours?
You can apply for an iCapital loan online or they can be contacted by phone, Monday through Friday from 9AM to 5PM EST.
iCapital Reviews
Avg. Rating: 4.7 (7 reviews)
Simple process and friend...
April 10, 2018
“From the start of the process it was nothing but help and assistance along the way. I would highly recommend this to any business that doesn't want to go through the hassle of banks and yet can still operate in an entrepreneurial fashion ”
Helped our business
July 18, 2018
“Having up-to-date equipment and products is a must in the health and beauty industry. We now have new product lines and equipment and can offer services other can't. This financing has made a huge difference to our business.”
Responsive & Supportive
July 18, 2018
“Raising money for expansion is not easy, but iCapital made it very simple. They helped us move into our dream location and business has never been better! We were most impressed with how fast they replied to our emails and phone calls. It is very reassuring to have...”
Helpful at the right time
July 18, 2018
“Hello, this company was a great help to us at the right time for our expansion needs.”
Very Satisfied
December 30, 2018
“We were very satisfied with iCapital response to our request and prompt follow up to put our loan in place. The regular monthly updates re loan status are helpful as well.”
Committed to helping
September 12, 2019
“iCapital staff were very knowledgeable and explained the pros and cons of each option that was available for my business. They made it easier for me to make the right decision because they explained all my options to me in detail. ”
my review is this
May 13, 2020
“my acrtuall review”
