What is WiseCap?
Formerly Capital Hands, WiseCap is a team of financing professionals in Canada that provides financing and lease solutions. They have worked in countless industries, including trucking, railroading, marketing, financing, and more.
Is WiseCap safe?
Yes, WiseCap is safe. They were founded in 2016 and have over 35 years of experience. They have funded over $100M and have served over 2,000 customers.
What products and services does WiseCap offer?
WiseCap offers equipment financing and equipment lease options, commercial services including invoice/accounts receivable factoring, business lines of credit and term loans, refinancing and asset-based lending, and consumer services including consumer financing options.
Who does WiseCap work with?
WiseCap works with small to medium-sized businesses that require equipment, tools, and supplies for everyday operations.
What industries does WiseCap serve?
WiseCap provides lease and loan financing for Trucks and Trailers, Construction, Retail, Food Services, Manufacturing, Hospitality, and more.
How much can I borrow from WiseCap?
WiseCap can help you find financing for a loan amount as low as $750 and up.
What is the interest rate on a WiseCap loan?
WiseCap's equipment financing rates depend on a variety of factors that are unique to each business. Normally the interest rate on a WiseCap financing solution starts off at as low as 6.5%.
What is the term length for a WiseCap loan?
A WiseCap loan is between 12 and 84 months.
How can I qualify for a WiseCap loan?
To qualify for a WiseCap loan, you must provide a signed application, government identification, 3 months of business banking, have a 500+ FICO for equipment financing, have been in business for over 6 months, and make 10K+ monthly.
Can I apply online for a WiseCap loan?
Yes, you can apply online on WiseCap's website to get your loan application started, or you can call or email them.
How fast can I get a loan from WiseCap?
If approved, you can get a loan deposited into your bank within 24 hours. Leasing funds go directly to your equipment provider.
How does loan repayment work at WiseCap?
WiseCap financing is repaid through pre-authorized payments from your bank account daily, monthly, weekly, or quarterly.
What kind of loans does WiseCap specialize in?
WiseCap specializes in truck and equipment financing. The type of financing they offer includes truck and trailers, buses and coaches, farming and agriculture, boats and yachts, invoice factoring, and asset based loans.