{"id":943791,"date":"2021-09-15T04:14:26","date_gmt":"2021-09-15T08:14:26","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=943791"},"modified":"2026-01-21T22:21:24","modified_gmt":"2026-01-22T03:21:24","slug":"greenbox-business-loans-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/business-loans\/greenbox-business-loans-review","title":{"rendered":"Greenbox Capital review"},"content":{"rendered":"

What is Greenbox Capital?<\/h3>

Greenbox Capital is an alternative lender that offers merchant cash advances, short-term business loans, equipment financing and invoice factoring. It specializes in financing for small and medium businesses across Canada and offers an easy online application process.<\/p>

Once you fill out an online application, a Greenbox Capital funding advisor will contact you within one hour to discuss your financing options. If you decide to proceed with an application, you can get approved and funded within 24 hours.<\/p>

Is Greenbox Capital legit?<\/h3>

Greenbox Capital was founded in 2012 and is headquartered in Miami, USA. It provides small business financing in the USA and Canada, including every Canadian province, and it\u2019s a Canadian Lenders Association certified lender.<\/p>

Greenbox Capital is also Better Business Bureau accredited with an A+ rating.<\/p>

Types of Greenbox Capital business loans<\/h3>

Greenbox Capital offers the following loan options for Canadian businesses.<\/p>

Small business loans<\/h4>

You can apply for a Greenbox Capital small business loan and get funded within 24 hours. Loans range from $500,000 to $3,000 are available.<\/p>

Merchant cash advances<\/h4>

A merchant cash advance<\/a> provides a lump sum payment in return for a set percentage of your business\u2019s future credit and debit card sales. Advances of up to $3,000 are available, and you\u2019ll typically need a minimum of $7,500 per month in sales over the past three months to qualify.<\/p>

Collateral loans<\/h4>

Loan amounts ranging from $50,000 to $250,000 are available. To qualify, you\u2019ll need to offer developed property that isn\u2019t your primary residence as collateral. There are no restrictions on how the loan funds can be used.<\/p>

Invoice factoring<\/h4>

Invoice factoring<\/a> lets you sell your business\u2019s unpaid invoices to access working capital. You can usually get 70%\u201390% of the value of your invoices up to $100,000, and you can get funded within one business day.<\/p>

Equipment financing<\/h4>

Equipment loans provide the funds you need to purchase essential business equipment. Your business will need a strong track record and good credit history to qualify for funding.<\/p>

Business lines of credit<\/h4>

A business line of credit<\/a> provides access to a revolving credit limit as needed. Amounts of up to $500,000 are available, and you can use funds for any business purpose.<\/p>

What we like about Greenbox Capital business loans<\/h3>
  • Easy application process.<\/strong> Apply online for a Greenbox Capital business loan in less than five minutes, and get a response from Greenbox Capital within an hour.<\/li>
  • Lenient eligibility criteria.<\/strong> Your business\u2019s credit history isn\u2019t the only factor Greenbox Capital considers when assessing your application, so you might be able to qualify for funding even if you have less-than-perfect credit.<\/li>
  • Fast access to funds.<\/strong> You can apply for a Greenbox Capital business loan and get funded within 24 hours.<\/li>
  • Borrow up to $3,000.<\/strong> Loan amounts of up to $3,000 are available.<\/li>
  • Multiple loan types.<\/strong> There are multiple financing options available to suit the financial needs of different businesses.<\/li><\/ul>

    What to watch out for<\/h3>
    • High cost of borrowing.<\/strong> You\u2019ll need to watch out for high interest rates, particularly if you have bad credit. For example, Greenbox Capital says that merchant cash advance factor rates usually fall between 1.1 and 1.5, which means you\u2019ll typically need to pay back between 110% and 150% of what you borrow.<\/li>
    • Short terms.<\/strong> Greenbox Capital offers a range of short-term financing options for business, so you\u2019ll need to make sure you can afford to budget for loan repayments before applying.<\/li>
    • Fees.<\/strong> You\u2019ll need to check the fine print for details of any fees that may apply, such as origination fees and late payment fees.<\/li><\/ul>

      Alternatives to Greenbox Capital business loans<\/h3>