Term funding offers businesses a short-term influx of capital which is often used to invest into the growth of the business through equipment purchases, hiring, inventory purchase. This is then repaid with fixed payment over the agreed upon term, typically between 1 to 24 months. In order to qualify for term funding the business must be in operation for a minimum of 3 months and generate a minimum of $10,000 per month. Additionally, they must have a physical location and be Canadian. Capital Advance assesses the cashflow of a business and other key metrics, thus a poor credit score is not a problem.

To be approved for Term Funding with Capital Advance, you must be in business for at least three months, have $10,000 in sales per month, must be in Canada, and not be internet based.

Yes! Poor credit is not a problem, as long as you do not have an open bankruptcy

Once the terms of the agreement have been established and funds send to your bank account, typically within 24 hours of applying fixed payments will be withdrawn automatically from your bank account. Unlike traditional lending this means you don’t have to be concerned about large monthly payments. If you wish to pay out your term funding early, that’s not a problem and there will not be any penalties for doing so.

Your business may qualify for Term Funding up to $100,000

Yes, with Capital Advance your Term Funding is open and you can pay it off without penalties at any time.

Yes, you can apply for Term Funding more than once, after the initial funding is paid in full. We also offer additional funds throughout your term periodically.