Business Term Loan

Small Business Term Loan

A term loan is a one-time loan that you repay a set amount daily or weekly over a set number of months (up to 24 months). Term loans do not have an interest rate; rather, a flat fee determined by creditworthiness, length of time in business and other factors is added to the amount borrowed.


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Common Reasons for a Term Loan

Paying off existing or overdue taxes or supplier invoices

Leasehold improvements, remodeling or renovations

Launching a new marketing or ad campaign

Securing inventory, stocking up on inventory or raw materials

Hiring or training new employees

Upgrading or repairing your equipment

Moving your business to a new location

Cash flow to cover expenses


Step 1


Once you request a quote, we'll send you an application & request the last 3 months of banks statements for our underwriters to verify recent sales. It takes about 10 minutes to complete.

Step 2


Once approved, the funds will be deposited into your account.

Step 3


After you receive your funding, the agreed-upon percentage is deducted daily until you have repaid in full.


Have a few questions before you apply for your small business alternative loan? iCapital is here to help you every step of the way. Below find answers to the most commonly asked questions. If you do not find the answer you are looking for, please contact us so we can personally answer your small business loan questions.

A micro loan is a small business loan of up to $250,000 that allows a business owner to make small daily fixed payments within a 3-month, 6-month, 9-month or 12-month term without any accumulating interest.

A term loan is perfect for a business owner who needs to purchase inventory or equipment quickly without having the commitment of a long term loan and large monthly payment.

Yes – it is truly free. We promise there is no catch.

In order to be considered for an iCapital term loan, you must be in business for 6-month, have over $100,000 annual sales, and your business must operate within Canada.

Yes – as long as you do not have an open bankruptcy.

The application process takes 5-minutes, approval in 24-hours and the funds are in your bank within 48-hours.

iCapital will withdraw the agreed-upon fixed payment from your business bank account, 5 days a week.


Having up-to-date equipment and products is a must in the health and beauty industry. We now have new product lines and equipment and can offer services others can't. This financing has made a huge difference to our business.

Robert Caputo | Salon Owner, Scarborough ON

When I decided to renovate my restaurant iCapital came through for me. My account rep, Domenic, was very helpful and made the process really easy. It was completely different from my experience dealing with the banks in the past. And the best part is the cost of the reno paid for itself within the first season!

Rocco Silvaggio | Restaurant Owner, Toronto ON

Raising money for expansion is not easy, but iCapital made it very simple. They helped us move into our dream location and business has never been better! We were most impressed with how fast they replied to our emails and phone calls. It is very reassuring to have this much support.

Deb Hoisington | Pet Store Owner, Sylvan Lake AB

When our slow season came about and the bills started piling up, it was iCapital's fast and easy funding process that got us through. Within seven days we had the money we needed. I strongly recommend iCapital to any business owner trying to raise money for their business.

Neil Pramauntanyatath | Restaurant Owner, Hamilton ON


Do I Qualify?

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Do I Qualify?

Unfortunately you are not eligible at this time, but things change! Let's stay in touch.
We will contact you if our requirements change and will keep you up to date with our latest services so you wont miss out.