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  • Details
    • Product Details
    • Fees
    • Application Requirements
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Swoop Funding Business Loan

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Swoop Funding Business Loan
APR Range
4.00% - 25.00%
Loan Amount
$1,000 - $5,000,000
Loan Term
3 - 60 months
Minimum Revenue
$10,000 /month
Minimum Time in Business
24 months
All information about Swoop Funding Business Loan has been collected independently by Finder. Finder is not connected with Swoop products, and this page is not sponsored, endorsed or administered by, or associated with, Swoop. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Our verdict

Access from $1,000 to $5,000,000 in business funding with a business loan from Swoop.

Swoop partners with banks and alternative lenders to match your business with the right funding options. Register and browse your offers for free without affecting your credit score.Swoop's virtual business finance platform gives businesses of all sizes access to the funding they need from the lenders that are best suited to them.

Business loans with Swoop are typically available from $1,000 up to $5,000,000, though this will depend on the circumstances of your business and the lender that you opt for.

3 things to know about Swoop Funding Business Loan:

  • Rates typically from 4.00% - 25.00%
  • Secured and unsecured loan options available
  • Loan terms can last anywhere from 3 - 60 months

In this guide

  • Our verdict
  • Details
    • Product Details
    • Fees
    • Application Requirements
  • Your reviews
  • Ask a question

Details

Product Details

Product Name Swoop Funding Business Loan
Benefit Description Swoop partners with banks and alternative lenders to match your business with the right funding options. Register and browse your offers for free without affecting your credit score.
APR 4.00% - 25.00%
Loan Amount $1,000 - $5,000,000
Loan Term 3 - 60 months
Loans Offered Unsecured Term, Secured Term, Line of credit, Merchant cash advance
Turnaround Time From 24 hours
More Info

Fees

Application Fee N/A
Origination Fee Dependent on lender
Fees Fees vary depending on your loan contract.
More Info

Application Requirements

Requirements 2 years trading history
$10,000/month revenue
Minimum Income $10,000
Serviced Provinces/Territories All of Canada
More Info

How do Swoop Funding Business Loans work?

A business loan from Swoop, like most traditional business loans, is a lump sum of capital that you can use for business purposes, such as purchasing a premises, covering overhead costs, buying stock, or generally expanding your business. Swoop is not a lender in itself, but instead is a virtual finance platform that gives you access to a range of partnered lenders offering loans that best suit your business.

Simply input some basic details about your business onto Swoop‘s website and Swoop will match you with appropriate lenders via your personalised finance dashboard. Swoop‘s finance portfolio boasts a vast range of lenders, all with different eligibility criteria, application processes and interest rates.

What types of business loans does Swoop offer?

Swoop offers the following types of business financing:

  • Unsecured term loan
  • Secured term loan
  • Merchant cash advance
  • Invoice factoring
  • P2P business loan
  • Line of credit
  • eCommerce funding
  • Asset finance
  • Equipment leasing

Features of Swoop Funding Business Loan

  • Secured and unsecured. Opt for either a secured or an unsecured business loan option with Swoop.
  • Quick online application. Only a few simple details about your business are required to match you with appropriate lenders.
  • Loan term. 3 - 60 months.
  • Loan amounts. Anywhere from $1,000 to $5,000,000.
  • Fixed and variable options. While most traditional business loans are fixed rate, there are variable rate loan options when applying with Swoop.
  • Funding time. This will vary depending on the lender that you opt for.
  • Good and bad credit options. While it is easier to qualify for finance if you have good credit, bad credit applicants may be able to get a loan through Swoop as well. However, you may have to offer a personal guarantee.
  • Secured data. All applications are secure.

How much does Swoop cost?

  • Interest rate. Your interest rate will depend on the financial circumstances of your business, the loan amount, and the lender that you opt for.
  • Fees. Fees will vary depending on your loan contract

How to apply

To apply for a business loan with Swoop Finance, simply click “Go to site” to visit the lender’s website directly and submit an application. Remember that eligibility criteria will vary depending on the lender you opt for and the loan that you apply for. Swoop will need the following information in order for you to apply:

  • Your business’ annual turnover
  • How much funding you require
  • The age of your business
Swoop offers a vast range of different business financing options. For more information on the types of financing your business could qualify for, compare our business loan options.

Compare business loans

1 - 3 of 3
Name Product APR Range Loan Amount Loan Term Minimum Revenue Minimum Time in Business Loans Offered Broker Compliance
Journey Capital Business Loan
8.00% – 29.00%
$5,000 - $300,000
6 - 18 months
$100,000/year
6+ months
Term Loan, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months with a minimum annual gross revenue of $100,000.

Journey Capital offers fast and simple financing. Apply in less than 10 minutes with your basic business information and see your loan offers without hurting your credit score. Get approved within 1 business day, and choose your term, amount and payback schedule once approved.
Merchant Growth Business Loan
12.99% - 39.99%
$5,000 - $800,000
6 - 24 months
$10,000 /month
6 months
Unsecured Term, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months and have a minimum of $10,000 in monthly sales.

Merchant Growth offers financing tailored to business needs. It specializes in providing capital based on future cash flows, but it also offers fixed solutions. Fill out an application within 5 minutes and get your funds within 24 hours.
Loans Canada Business Loan
6.60% - 29.00%
$4,000 - $500,000
3 - 60 months
over $10,000/month
100 days
Unsecured Term
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
To be eligible, you must have been in business for at least 100 days, have a Canadian business bank account and show a minimum of $10,000 in monthly deposits ($120,000/year).

Loans Canada connects Canadian small business owners to lenders offering financing up to $500,000. Complete one simple online application and get matched with your loan options.
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