Thinking Capital

Avg. Rating: 5.0 (9 reviews)

Thinking Capital is the first and largest online small business lender in Canada.  Founded in 2006 and having provided over $1 billion in funding to more than 15,000 small businesses we have proven to be the right fit for a wide variety of business types.  With quick turnaround times, no collateral requirements and friendly service we can get you the money you need when you need it!

 

Why Thinking Capital:

– No obligation quote

– Apply online in minutes

– Get up to $300,000

– Fast funding – in less than 2 business days

– Strong partnerships with financial institutions, payment providers and retailers

 

Fixed or flexible payment solutions to best meet your needs:

Fixed – also known as a “term loan”, where you pay the same amount daily for the duration of your fixed payback period.  Having a set amount will allow you to budget and plan since you know what you will commit to your loan repayment and it will not change.

Flexible – it uses your daily credit & debit transactions to come up with a repayment amount for that day.  This way, the amount you owe is a % of sales rather than a flat rate – which is a great option when your business has a lot of fluctuations in terms of sales.

 

  • TIME IN BUSINESS: Since 2006
  • # OF CUSTOMERS: Over 15,000
  • TOTAL FUNDED: Almost $1B
  • LOANS OFFERED: Merchant Cash Advance, Business Term Loan

1-866-596-0327

info@thinkingcapital.ca 4200 Boulevard Dorchester #300, Westmount, QC H3Z 1V4
Call Center: Monday - Thursday: 8:30 AM - 6:30 PM Friday: 9:00 AM - 4:00 PM
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Daily repayment based on sales volume Amount $5,000 – $300,000 Term N/A

Eligibilty & Documents

Who is eligible

  • Owner must be a Canadian resident over 18
  • Canadian-based business
  • At least 6 months in business
  • Average monthly sales of $7,000 ($20,000 if home-based business)

What you need to provide

  • Government issued identification
  • Void Cheque
  • Business banking statements or merchant statements/DRF
  • More documents might be required the higher the requested amount

Repayment & Issuance

How fast can you get the money Within 24 hours Funding method Direct deposit How does repayment work Daily from bank account, as a percentage of sales via merchant processor

Conditions & Rates

Interest rateStarting at 8.39% Amount$5,000 – $300,000Term 6 – 12 Months

Eligibilty & Documents

Who is eligible

  • Owner must be a Canadian resident over 18
  • Canadian-based business
  • At least 6 months in business
  • Average monthly sales of $7,000 ($20,000 if home-based business)

What you need to provide

  • Government issued identification
  • Void Cheque
  • Business banking statements or merchant statements/DRF
  • More documents might be required the higher the requested amount

Repayment & Issuance

How fast can you get the money Within 24 hours Funding method Direct deposit How does repayment work Daily from bank account

Articles About Thinking Capital

By Ryan Weeks

Ryan is the editor of AltFi News and an expert in the alternative finance space. He has been featured in the Guardian, Equities.com, and is a regular guest on radio.

Frequently Asked Questions About Thinking Capital

What is Thinking Capital?

Thinking Capital is one of the first online small business lenders in Canada. Founded in 2006 and having provided over $1 billion in funding to more than 15,000 small businesses, they have proven to be the right fit for a wide variety of business types.

Is Thinking Capital Safe?

Yes, Thinking Capital is a leader in the Fintech industry and their platform is based on a decade of industry experience and customer feedback. Since 2006, the Thinking Capital has helped more than 15,000 small to medium-sized Canadian businesses reach their full potential. They've partnered with leading financial institutions and technologies such as CIBC, Money Mart, Moneris and many more! Thinking Capital is also one of the founding members of the Canadian Lenders Association.

What Products and Services Does Thinking Capital Offer?

Thinking Capital offers small to medium sized business loans and merchant cash advance.

How Much Can I Borrow from Thinking Capital?

Thinking Capital loans range from $5,000 to $300,000.

What Is the Interest Rate on a Thinking Capital Loan?

A business loan from Thinking Capital will start at a 8.39% interest rate.

What Is the Term Length for a Thinking Capital Loan?

Terms on Thinking Capital loans are between 6 to 12 months.

How to Qualify for a Thinking Capital Loan?

To qualify for a Thinking Capital loan, the owner must be a Canadian resident that's over 18 years old, the business must be Canadian-based and in business for at least 6 months, sales must average $7,000 monthly ($20,000+ if home-based), and you will need to provide government identification, a void cheque, business banking or merchant statements, and depending on the requested loan amount, more documents may be required.

Can I Apply Online for a Thinking Capital Loan?

Yes, in fact it only takes a few minutes to apply online and can be done anytime of the day.

How Fast Can I Get a Loan from Thinking Capital?

Thinking Capital reviews and verifies business loan applications very quickly, and deploys funding sometimes as fast as the same day. They pride themselves on being a fast and reliable financing option, though some loans take up to 2 business days to receive.

How Will Thinking Capital Send Me the Loan?

Thinking Capital simply deposits the loan funds into the approved customer's business bank account, from which they are ready to use right away.

How Does Loan Repayment Work at Thinking Capital?

A Thinking Capital business loan is repaid daily from your bank account. A Thinking Capital merchant cash advance is repaid daily from your bank account, as a percentage of sales via merchant processor.

Which Provinces Is Thinking Capital Available in?

Thinking Capital is available for business financing everywhere in Canada.

What Kind of Customer Support Does Thinking Capital Offer?

Getting a hold of the Thinking Capital customer support team is easy because they offer not only a web chat, but also a help centre/blog and email support. Their help centre is incredibly user friendly too, and even allows for you to enter keywords to find applicable information.

What are Thinking Capital Working Hours?

While you can apply for a loan anytime online, the Thinking Capital also answers calls from Monday to Thursday, 8:30AM - 6:30PM EST, and Friday between 9AM and 4PM EST.

Thinking Capital Reviews

Avg. Rating: 5.0 (9 reviews)
Amazing Service!

I needed help with some emergency expenses and was having a hard time getting additional financing. Thinking Capital was able to process my application and get money in my account in less than 3 days. The service is fantastic!

James
Reliable, fair and convenient

Fair rates, fast deposits and easy to use. I was most impressed with with personal and friendly customer service I got from their staff. Would definitely recommend them to others.

Amanda
Very Happy

I was introduced to Thinking Capital at exactly the right time. I was opening another store and I was short on capital. Brian is who helped me and I found him to be kind, forth right and effecient. I got my funds the next business day. The whole experience a breeze. Thanks again Brian

Brian
Helped my business

I have been working with Thinking Capital for a bit now. They helped me move my food and beverage takeout into a thriving restaurant. The process was fairly straight forward and the staff were very helpful. Thank you Robert and team! (via Google reviews)

Curtis
Good rate

I did some shopping around and found that Thinking Capital was able to offer my business the best rate for a loan of $70,000. Happy with my experience.

Robert Z
Daniel at Thinking Capital

I have been working with Daniel at Thinking Capital for over a year. He goes beyond to make sure everything works. Greatly appreciate his diligence in making it a favourable experience. Highly recommend him.

Karen
Loan

Excellent service provided by Daniel in Thinking Capital. Really happy with the service.

Noel perera
Above and Beyond Expectations!

Sophie and Cynthia made the loan process easy, understandable, and even enjoyable. Their outstanding service, efficiency and obvious dedication to me as a client was unparalleled. Highly impressive!!

Cameron Wilson
Director/President Cleansheet International

Best of the best. Amazing service and so professional. Moustafa Kamal was a real pro and takes care of my business needs.
Highly recommended to everyone

Gennaro Angelillo

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