Small business merchant financing

When your business needs money, you can bank on iCapital. 98% of applications get approved.
Apply now!

Merchant Cash Advance

Merchant Cash Advance
Apply now!
Merchant Cash Advance


Our funding process is simple and straightforward. We give you the money you need today, and you repay us over time through a small percentage of your daily credit and debit card sales. Plus, you can get the money in as little as 24 hours!


Find out how much you qualify for

Enter your average monthly debit card and credit card sales
This does not constitute an official offer. Complete our online application to receive a funding proposal.

Easy 3-step Application


Complete the short online application form telling us your name, company and average monthly credit and debit card sales. Our customer care team is available to answer any questions you have.


Fill out our secure application form, which includes basic information about your business and contact information. We will work with you to gather any other required documentation.


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


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


Our automated system makes repayment hassle free and highly secure, thanks to our partnership with schedule 1 Canadian chartered bank DC Bank. And, you can access your account 24/7 through our secure customer portal.  Or, you will receive monthly communications, including a summary of your balance.

Compare Products

  Interest Fees Daily repayment type Percentage payment Amount Let’s get started
Merchant Cash Advance No Yes Flexible Yes $5,000 - $250,000 Apply Now
Term Loan No Yes Fixed No $5,000 - $100,000 Apply Now

Am I Eligible?

We only have five criteria:
  1. $5,000 + in Visa, MasterCard and/or debit sales
    You must accept Visa, MasterCard and/or debit cards and have least $5,000 in sales monthly. No startups.
  2. 6+ months operating
    Your business has to be in operation for at least six months.
  3. No home businesses
    You must have a storefront or professional office space and have at least 12 months remaining on your lease.
  4. 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.

What is a business loan alternative?

It is no secret that it is hard to find funding as a small business. iCapital offers a solution by lending lump sums of money known as a cash advance to 98% of all those who apply and takes payment in the form of future income from the business.

Why should I choose a non-bank loan or a bank loan?

Bank loans are hard to get and often come at a very high price, even for small business owners with great credit. A non-bank loan option like funding from iCapital is easy to get and is even available for those who have bad credit.

Is it really free to apply for an iCapital loan?

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

Who gets approved for a small business loan alternative?

In order to be considered for an iCapital loan, your business must be more than 6 months old, based out of a storefront and or professional office, and must make a minimum of five thousand dollars in Visa, MasterCard or debit sales a month.

Can I still apply for an iCapital alternative business loan even if I have bad credit?

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

How long does the application process take?

The entire process, from the time the application is received and processed to the time you receive the funds in your bank account, is less than 10 days.

Do I have to change my credit card processor?

No, you do not have to change your credit card processor, iCapital works with all systems.

Do I have to change my bank account?

No, you do not have to change your bank account, iCapital works with all banks.

How much money does my business qualify for?

A merchant may qualify for up to one and a half times their monthly debit card and credit card sales volume to a maximum of $250,000 per location and may renew for additional funding once the original balance has been paid down 75% - 80% of the original balance.

Can I pay off my Merchant Cash Advance at any time?

Yes, you may pay off your Merchant Cash Advance at any time, in full or in part.

Can I qualify for more than one Merchant Cash Advance?

You may qualify for additional funding once your original Merchant Cash Advance has been 65% paid off.

What is the interest rate?

There is no interest rate or payment due dates—a flat fee is simply added to the amount your business qualifies for. This fee is determined through several factors including: length of time in business, type of business, whether you own or rent your space, and overall business performance.

Is iCapital a Canadian Company?

Yes, iCapital is proud to be a 100% Canadian Company.

How long has iCapital been in business for?

iCapital has been serving Canadian businesses since 2007.

Am I eligible?

We only have four criteria:

  1. You must have annual gross sales of over $100,000 
  2. Your business has to be in operation for at least 6 months.
  3. No start-ups, construction, home businesses, online businesses, funeral homes, furniture or jewellery stores and cheque cashing businesses. You must have a storefront or professional office space.
  4. 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.

For other important information about applying to iCapital, and about our products, read the FAQs below.

Apply Now