CanaCap
CanaCap is an alternative business lender focused on providing fast and convenient access to working capital for Canadian small businesses. They offer a streamlined application process with minimal paperwork, aiming to fund businesses within 24-48 hours without requiring collateral.
Expert Review
Best For
CanaCap is ideal for small and mid-sized businesses operating for at least six months, generating $10,000+ in monthly gross deposits, and needing fast working capital without collateral.
Our Take
CanaCap is a prominent alternative business lender in Canada, specializing in rapid access to working capital. They differentiate themselves by offering a quick, one-page application process and revenue-driven underwriting, making them accessible to businesses that might not qualify for traditional bank loans. Their focus is on providing short-term growth capital with high approval rates.
What We Like
- Exceptional speed in application and funding (24-48 hours)
- No collateral required, reducing risk and complexity for business owners
- Flexible use of funds for various business growth needs
- Revenue-driven underwriting, not solely credit-score centric
Where to Improve
- Interest rates are not published upfront and vary by deal, requiring careful review
- Repayment frequency can be demanding (daily/weekly), potentially pressuring cash flow
- Relatively short loan terms (4-12 months) may not suit all long-term financing needs
Verdict
CanaCap is a strong choice for established Canadian businesses needing quick, uncollateralized working capital to seize opportunities or manage cash flow. While traditional bank loans might offer lower long-term costs, CanaCap provides a practical and efficient alternative when speed and accessibility are paramount for growth-focused business owners.
Brand Signals & Trust
Years in Business
10+
Geographic Reach
12 provinces
Product Diversity
1 product
Customers Served
Over 10,000
Trust Badges
Quality Lender, Enduring Excellence
Products Offered
Business Loan
Amount Range
$5,000 - $500,000
Interest Rate
Varies
Term
4 - 12 Months
Funding Speed
Under 48 hours
Eligibility
- Min 6 months in Business
- Business does at least $10,000 a month in gross deposits
Google Reviews
27 Google reviews
Monday: 9:00 AM – 9:00 PM
Tuesday: 9:00 AM – 9:00 PM
Wednesday: 9:00 AM – 9:00 PM
+4 more days
Got funding with also surprised fees. None the less moved forward. I then had banking issues with fradulatent activity so my bank blocked my account for investigation. Said will tale 15-20 business days. I reached out to canacap to sort my loan out with them in mean time and look at some payment options and them working with me during this time. After back and forth communication they stopped responding. Not even 2 weeks into trying to resolve this they sent my file to a law firm which is now threatening me to re pay back on ridiculous terms now.
Do not deal with these people they will bankrupt your business. Got lied and tild they will do a line of credit if i start with a small loan, got me daily payments of 429 dollaets 5 days a wrek when it came time for the line of credit they stopped answering. SmartCap and Canacap both scams
This company is issuing loans with extremely high interest rates exceeding 80%, which is concerning given the Criminal Code of Canada, Section 347(1)(a), which defines the criminal rate of interest as exceeding 60% per year. Potential borrowers should exercise extreme caution before entering into any agreement with this lender. The rates being charged appear to push the limits of what is considered legal or ethical under Canadian law.
Got a laon through Caapitl Lynx ( reping this group) . They were making errors in with drawls and refused to call me back to sort out. so I had to get their attention ( on the advise of my bank I purt stop p[ayment nd notified Capital Lynx to sort this out) as NO ONE would get back to me. This group reached out and when I emailed texted AND called back they sent the file to a crocked Law firm for collection. Stay AAway from this group and Capital Lynx. This group are cowrds they are NOT out to help yor business at all. Stay Away
Hey I needed money and they came through. Ain't shit free so have no issue paying some interest. Easy to deal with and have had no issue . Pay your bills and stop complaining its pretty simple
How CanaCap Compares
Quick Eligibility Check
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