Company Capital Business Loan Review

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Get competitive rates and flexible terms when you borrow money with a Company Capital Business Loan. 

Details

Product NameCompany Capital Business Loan
APRStarting at 7%
Min. Loan Amount$5,000
Max. Loan Amount$100,000
Loan Term3-18 months
Loan SecuritySecured
Business
Turnaround Time1-2 days
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More Info

If you’re looking for money to fund your small business and aren’t sure where to turn, you might like to check out a Company Capital Business Loan. This reputable private lender has worked with small businesses across Canada for over 20 years and prides itself on providing flexible loans, competitive rates and top-notch customer service.

Find out more about what types of loans are available with Company Capital and how you can get approved quickly and easily.

What types of loans does Company Capital provide?

Company Capital offers three types of loans for businesses that have been operational for a minimum of six months and generate a minimum of $5,000 in revenue per month. You can apply for the following products online, via email or over the phone.

  • Business loan. You can take out a business loan for an amount between $5,000 and $100,000. It will come with an interest rate starting at 7% and you’ll be required to pay it back over a period of 3-18 months with fixed payments.
  • Line of credit. You can borrow between $5,000 and $100,000 with a line of credit. Interest rates are variable and only apply to the money you borrow from your line of credit rather than the full amount you qualify for. There’s no specific term for repayment but you’ll have to make a minimum monthly payment.
  • Merchant cash advance. With a merchant cash advance, you can borrow between $5,000 and $100,000 in exchange for a percentage of your daily credit card and debit sales. Company Capital will look at your historical sales to determine how much it wants to lend you. This information will also be used to determine what percentage of your sales you can reasonably pay back each month to make up your debt.

Quick comparison of loan types

TypeBest forHow it worksRequired salesSize of loanInterest rates
Business loanCovering a large, one-time expenseBorrow a lump sum and pay it back plus interest in 3-18 months$5,000+ per monthBetween $5,000 and $100,000Starting at 7%
Line of creditWorking capital and in case of emergenciesGet a “wallet” of funds that your company can use as needed$5,000+ per monthBetween $5,000 and $100,000Variable interest charged on amount taken out of line of credit
Merchant cash advanceFunding daily expenses with future sales incomeGet an advance on your future sales and pay it back plus a fee with a percentage of daily revenue$5,000+ per monthBetween $5,000 and $100,000No interest charged but you’ll incur a fee for service

What should I know before I apply?

Eligibility requirements

To apply for a Company Capital Business Loan, you need to meet the following criteria:

  • Own a business that has been operating in Canada for at least 6 months
  • Be at least 18 years old (and 19 in some provinces)
  • Make at least $5,000 per month in sales

Required documents and information

  • Government-issued ID. You’ll need to verify your ID by showing a document like your driver’s licence or passport.
  • Business bank statements. You’ll have to provide six months of your business’s most recent bank statements to give an idea of its current cash flow.

How to apply

If you meet all of the eligibility criteria and you want to apply for a loan with Company Capital, you can do so quickly and easily. Just follow the steps listed below to get started.

  • Choose the type of loan that’s the best fit for your business.
  • Complete the online application, which includes providing your name, email address, home address and relevant documents.
  • If you’re requesting $50,000 or more, you’ll also need to include your financial statements.
  • Review and submit your application.

Pros and cons

Pros

  • Instant access. If you qualify, you should be able to access your loan in a matter of days.
  • Competitive rates. You’ll get competitive rates as low as 7% on your loan, with better rates offered for shorter terms.
  • Several types of loans. You can pick the loan that’s best suited to your business based on the purpose you need it for.
  • Tailored to your business. Company Capital will work with you to make sure that you can qualify for the money you deserve and make your repayments.
  • Good customer service. You can access a customer service agent over the phone, via email and online if you run into any issues with your application or loan.

Cons

  • Short terms. Business loans have very short terms which can make it difficult to repay them if you borrow a large amount.
  • Fees for service. You’ll have to pay a fee for merchant cash advances and interest as high as 20% on loans and lines of credit.
  • High monthly sales needed to qualify. Your monthly sales have to be at least $5,000 if you want to qualify for any type of loan.
  • Start-ups can’t apply. You won’t meet the eligibility requirements if your business is less than six months old.

Bottom line

Company Capital gives you instant access to the money you need to fund your small business. Find out which loan type is best for your business and start your application today to see if you qualify.

Frequently asked questions

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