Smarter Loans Inc. is not a lender. Smarter.loans is an independent comparison website that provides information on lending and financial companies in Canada. We work hard to give you the information you need to make smarter decisions about a financial company or product that you might be considering. We may receive compensation from companies that we work with for placement of their products or services on our site. While compensation arrangements may affect the order, position or placement of products & companies listed on our website, it does not influence our evaluation of those products. Please do not interpret the order in which products appear on Smarter Loans as an endorsement or recommendation from us. Our website does not feature every loan provider or financial product available in Canada. We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering.
Born in 2006, Thinking Capital is a Canadian based business that has deep partnerships with other Canadian financial and technological institutions. They use their expertise in this field to help the country’s small businesses acquire the financial assistance that they need to grow and excel in this rapidly expanding marketplace.
Over the past fourteen years, Thinking Capital has partnered with companies such as CIBC, Moneris, Equifax, National Bank, Alterna Bank and Meridian, along with many others. They have provided over $1 billion dollars in funding to support over 15,000 small Canadian businesses in nearly 300 different industries.
If you are a small to medium sized Canadian run business and are seeking solutions to your financial problems, Thinking Capital has the experience and expertise to assist you.
Whether your business is in need of renovations or funding for a new marketing campaign, Thinking Capital can help you get the funds you need to make your business even better and boost your sales to new limits. Some of the services that they offer their customers include:
Thinking Capital offers the innovative service of an online Cash Flow Advisor program. This easy to use platform offers twenty-four hour a day, seven days a week access to a whole list of helpful tools and information that will help you manage your business’s cash flow and expenses. It can provide useful insights and guidance to help your business run more smoothly.
A business line of credit allows you access to funds on an as-needed basis. You can access these funds when needed and only pay interest on the amount that you have borrowed, not the entire approved amount.
As your business continues to grow and your repayment history remains on track, your line of credit approval amount will be rewarded and will go up as well.
New customers are eligible for a $150,000 line of credit however they may apply for more with a guarantor or Notice of Assessment. Proven, existing customers may be eligible for a line of credit up to $500,000.
Small business loans can provide the capital that your business needs to expand. These loans are available in as little as one day after the application process is completed and new applicants can receive up to $300,000. Proven, existing customers can apply for up to $500,000.
Fixed financing is a loan option that works with a fixed, agreed upon interest rate with set monthly payments that can be paid back in monthly installments over the course of six, nine, or twelve months.
Flex financing offers a solution for businesses where there is no fixed monthly repayment plan. Repayment amounts are calculated based on a percentage of the business’s daily credit and debit card purchases. This is an excellent option for businesses that have off season and peak times.
No. None of Thinking Capital’s financing programs require any collateral.
If I own multiple businesses can I apply for multiple loans?
Yes. As long as all of your businesses meet the required criteria, you can apply for loans for each one.
Loan repayment options will be defined in the initial loan agreement and can be customized to meet the individual needs of your specific business. Loans can be paid back daily, weekly, bi-weekly or monthly over the course of a two, three, six, nine or twelve month term. These repayments are automatically withdrawn from your business bank account by Thinking Capital, eliminating the hassle of you having to remember to make the payments yourself.
