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Jeeves business loan review

Loans start at $100,000 with no need for a personal guarantee or credit check.

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Our verdict

Launched in 2020, Jeeves is an online lender offering financing to both promising startups and established businesses. Get approved for financing in as little as 24 hours, without having your personal credit score checked or personally guaranteeing your loan. To qualify for a loan, you'll need to have a monthly revenue of $20,000.

Best for: Startups or business owners looking for quick and large loans.

  • Fast approval
  • Large loan amounts
  • No personal guarantee required
  • No personal credit check
  • Startups can apply
  • Short loan terms
  • Not available in Quebec
Learn more

Loan Amount

$100,000 - $10,000,000

Loan Term

30 days - 12 months



What is Jeeves?

Jeeves is a fintech company that was launched in 2020 to address the unmet financial needs of promising startups and established businesses in several countries. It’s an online lender that offers business loans, credit cards and other financial products to eligible business owners.

The company was launched through YCombinator and currently operates in Canada, but is headquartered in New York.

Is Jeeves legitimate?

Jeeves is definitely legitimate. It’s listed on the YCombinator website and has been featured on prominent platforms and news agencies such as TechCrunch, Newswire, Bloomberg, Financial Post and Business Insider. Jeeves also has a rating of 4.1 stars on Trustpilot, though it’s only based on 15 reviews.

What types of business loans does Jeeves offer?

There are 2 main Jeeves Business Loan that you can apply for:

  • Working capital loan. These loans can be used to fund everyday business expenses like payroll, rent and operational costs. Terms are 30, 60 and 90 days.
  • Revenue-based financing. Revenue-based financing lets you use your future sales to pay off your loan. You can borrow between $100,000 and $10,000,000, and you’ll usually have to pay it back within 12 months.

What we like about Jeeves

Jeeves offers the following benefits to companies looking to borrow money:
  • Fast approval. Get approved for financing in as little as 24 hours or up to a week depending on your application.
  • Large loan amounts. Borrow between $100,000 and $10,000,000.
  • Available for startups. Access funding once you’ve been in business for as little as 6 months (and you may even qualify sooner in some cases).
  • No personal guarantee. You won’t be required to put your own finances on the line if your business fails to pay back the loan.
  • No credit check. There’s no need to submit to a credit check to qualify for financing.

What to watch out for

Watch out for the following drawbacks with Jeeves Business Loan:

  • Short terms. You’ll usually only be able to borrow funds for between 30-90 days for working capital, up to 12 months for revenue-based financing.
  • Large revenue requirements. You’ll have to show that you make $20,000 in monthly revenue to qualify.
  • Some industries excluded. You won’t be eligible for financing if you run a cannabis or crypto business.
  • Not a Canadian company. Jeeves isn’t based in Canada and you won’t be able to visit a branch in person if you have issues with your loan.
  • Difficult to find customer reviews. There are very few customer reviews for Jeeves posted online since the company is still fairly new.

    Am I eligible for a Jeeves Business Loan?

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

    • Be a Canadian citizen or permanent resident who is the age of majority in your province
    • Own a business in Canada
    • Make $20,000 in monthly revenue
    • Be in business for at least 6 months (except in special circumstances)
    • Not be involved with a cannabis or crypto business

    How to apply

    Follow these steps to apply for a Jeeves Business Loan in under 5 minutes:

    1. Click on “Join Jeeves” in the upper-right corner of the main page.
    2. Wait to be redirected to an application and input your personal information (2 minutes):
    3. Includes your name, email, phone number, what type of business you’re in and what financial product you’re interested in (credit card, financing or both)
    4. Click through to the next page and input your business info (2 minutes):
    5. Includes your business revenue, funding you’ve raised to date and how much you spend each month.
    6. Put a link to your company website and click “Apply Now”.
    7. From there, you should be contacted by a Jeeves agent to discuss your loan options.

    Bottom line

    • Jeeves Business Loan let you borrow between $100,000 and $10,000,000, with loan terms up to 12 months.
    • Get financing for startups and established businesses when you have a monthly revenue of $20,000 and meet other eligibility criteria.
    • Qualify with no need for a personal guarantee or credit check.

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    Frequently asked questions

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