iCapital

Avg. Rating: 4.7 (7 reviews)

Canada’s Reliable and Responsive Business Loan Alternative Provider. 

Our financing programs give small business owners easy and quick access to money. Unlike applying for a bank loan, our program—from start to finish—is hassle-free and stress-free.

Try us, you’ll love us!

  • TIME IN BUSINESS: Since 2009
  • LOANS OFFERED: Business Loans
Visit site and apply

1-866-644-2127

info@icapital.ca 91 Skyway Ave - Suite 103 Toronto, Ontario M9W 6R5
Call Center: Mon-Fri: 9:00am-5:00pm
Support Offered:
  • Help Center/Blog
  • Email Support
Availability: All of Canada, except Quebec

Products Offered

Below are all the products offered by this company.

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

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

Articles About iCapital

By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Articles by iCapital

By Liz Teodorini

New findings from a survey led by iCapital shed light on the greatest challenges for Canadian small businesses. Read to find out the top three reported obstacles in 2019—and the best ways to overcome them.

Frequently Asked Questions About iCapital

What is iCapital?

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.

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.

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.

How Much Can I Borrow from iCapital?

You can borrow $5000 - 250,000 from iCapital.

What Is the Interest Rate on an iCapital Loan?

The interest rate on iCapital business loans start at 9%.

What Is the Term Length for an iCapital Loan?

Terms on an iCapital business loan are between 3 and 18 months.

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.

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 Fast Can I Get a Loan from iCapital?

With iCapital you can get the funds in 48 hours.

How Will iCapital Send Me the Loan?

The loan proceeds are usually deposited directly into your bank account.

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.

Which Provinces Is iCapitalAvailable in?

iCapital is available in all of Canada, except for Quebec.

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.

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 friendly staff

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

Scott Hickling
Helped our business

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.

Robert Caputo
Responsive & Supportive

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 this much support.

Deb Hoisington
Helpful at the right time

Hello, this company was a great help to us at the right time for our expansion needs.

Gloria Caverley
Very Satisfied

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.

George
Committed to helping

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.

Suzy
my review is this

my acrtuall review

Ali Syed

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