Small Business Financing & Personal Loans

With iCapital, getting money is simple and straightforward. Apply today. Get the funds you need in 48 hours.

Financing Options

Financing Options

4 financing options to choose from:

Line of Credit

Access to money at your fingertips

A line of credit gives you peace of mind in knowing you can draw on your pre-qualified limit of capital whenever you need it.

With this access to capital, you can prepare and make business decisions quickly, and navigate unexpected costs or shortfalls with ease.

  • Funding in 24 hours or less
  • Receive credit limit increases
  • Determine your own repayment schedule
  • Your money when you need it

Merchant Cash Advance

The flexible small business loan alternative

A merchant cash advance is a one-time advance that you repay through a set percentage of your daily credit card and debit sales. These repayments are debited daily, Monday through Friday, from your business bank account. We work with all banks, so there’s need to change accounts. 

This type of funding is well suited to food service, hospitality and retail businesses. It’s a low risk way to borrow money because if you are closed or having a slow season, you won’t have the stress of needing to repay but not having the cash flow to do so.

  • Full transparency about fees 
  • No penalties if you want to pay out at any time
  • The highest security in the industry

Secured Business Loan

The small business loan option for homeowners

A secured loan allows you or your business to tap into lower borrowing rates by using your property as collateral. iCapital secured loans have no restrictions on how you can use the money, and they have better term lengths than other types of loans such as second mortgages.

  • Rates start at 9.99%
  • Access more money than with a term loan or cash advance
  • Term lengths of up to 5 years (compared to a traditional second mortgage term of just 1 year)
  • Payments are principal and interest. We offer weekly, biweekly and monthly payment options.
  • No restrictions on how you can use the funds
  • Less-than-perfect credit is OK

Term Loan

The stress-free small business 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. 

This type of funding suits most businesses and help with immediate needs like purchasing inventory and replacing broken equipment.

  • Terms from 3 month up to 24 months
  • Full transparency about fees 
  • No penalties if you want to pay out at any time
  • The highest security in the industry

Unsecured Personal Loans for Homeowners

Stress-free money you can use however you like. Loans starting at $10,000.

A personal loan for homeowners is a lump sum that you pay back in fixed payments over time. Perfect credit isn’t required — our only criteria is you must be actively employed and own a home. Simply pick the repayment frequency that suits you best. iCapital personal loans for homeowners start at $10,000.

Unsecured
  • Loans starting at $5,000 to $100,000
  • Money in less than 24 hours
  • Rates starting at 9.99%
  • Flexible repayment—weekly, bi-weekly, monthly
  • Term lengths of 1 to 5 years
  • No legal fees or appraisals

 

 
  • Great customer service
  • A minimum credit score of 600 required
  • Must demonstrate 3 months of continuous employment

 Unsure which option is best for you? Ask our customer care team.

How does it work?

How does it work?

Step 1

Step 1

Request an estimate

Complete the 60-second online application telling us your name, company and annual gross sales.

Step 2

Step 2

Apply

Fill out our secure application, which includes basic information about your business and contact information. Within 24 hours, a customer care representative will contact you to discuss the best payment frequency for your business and the funding details.

Step 3

Step 3

Repayment

The automated payment system makes repayment hassle-free and highly secure, thanks to our partnership with DC Bank. And, you can access your account 24/7 through our secure customer portal. You will receive monthly communications, including a summary of your balance.

Do I qualify?

Do I qualify?

We only have 5 criteria:

Sales

You must have annual gross sales of over $100,000.

Maturity

No start-ups. Your business must have a history of at least 6 months of operation.

Storefront

You must have a storefront or professional office space. Home-based businesses and online businesses are ineligible. 

Credit

No open bankruptcies. Bad credit isn’t a problem—many of our customers have less than perfect credit scores, but we cannot accept applicants with open bankruptcies.

Geography

Must be a Canadian business. Sorry, we do not fund Quebec-based businesses.

We do not fund:

  • businesses in the construction industry
  • funeral homes
  • furniture stores
  • jewelry stores
  • cheque cashing businesses
  • home-based businesses

Great reviews & ratings. Better Service.
100% Canadian.

Why choose iCapital

Testimonials

Testimonials

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?

Check Eligibility

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.
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