Access to capital when you need it
With Canadvances, you’re in good hands
We provide Term loan for small businesses. Our Term Loan that is up-to $300000 with fixed daily repayment for a 6-18months term. More, our team of professionals is here for all your business financing needs. With our top-notch expertise, we can assist you in finding the best possible financial solution to meet your goals and budget. Most companies are always in desperate need of working capital.
That’s why they turn to organizations such as Canadvances or apply to the bank and only receive half of what they asked for – so they return to us again. Sometimes, these corporations need more time to wait two months for validation from the bank, whereas we provide them with it within two days. At Canadvances, we provide small businesses with fast and straightforward lending without being charged too much.
Check Your eligibility before applying
We provide financial services to small business clients, some of which are provided through third-party financial institutions. So, your business’s type, age, and revenue determine your eligibility for a loan.
The minimum age of the business is six months.
Your credit score is well more than 550.
Your annual revenue is more than $100,000.
Invest your beliefs with us
Canadvances is a Canadian company that provides small business owners access to affordable business loans. They offer flexible terms and competitive rates. We are committed to providing small businesses with the tools they need to succeed.
Canadvances vs other financial sectors
Low-Stress process
Canadvances offers competitive Small Business Loans and is committed to delivering exceptional customer service. Choosing the right loan requires consideration of the cost, timeliness, and repayment plan.
Spend our funds as you wish
Our loans can be used for any purpose, such as responding to surprise situations, investing in business growth, or taking advantage of an opportunity.
Maintain Cash Flow
Leasing helps you distribute the purchase cost of your equipment over time while maintaining access to cash so that you can handle a sudden emergency or opportunity.
Safe & Reliable Loan
Our whole process of working is safe and reliable because we only work with technology partners approved by the Canadian banking industry.
Our past makes us more strong
Canadvances financial sector has worked hard for over 10 years in the financial sectors and delivered over US$8 million to small businesses. The company facilitates payments for Canadian merchants regardless of whether the businesses are low or high-risk.
Business loans may carry heavy fees if they are not paid off on time. With our merchant cash advances, this isn’t an issue. Your payment schedule is managed by the money coming in from your credit card transactions – so you won’t be able to go over due dates.
Frequently Asked Questions
You can apply online in less than ten minutes with our all-digital application process. Give a brief overview of yourself, your business, and its financial performance.
Your business age is more than six months, 550+ credit score, and an annual budget of US$100000.
Yes, Term loan are awarded based on the performance of your business and so having bad personal credit is usually not an issue – especially when you’ve been denied financing elsewhere.
Our loans can be used for any purpose, such as responding to surprise situations, investing in business growth, or taking advantage of an opportunity.
Any small business or startup lending could be considered a business loan. But merchant cash advance is different from loan it provides advance cash on future income.
When applying for this type of loan, one must submit records from the past few months. So, for term loan you fulfill our minimum requirements mention above.
Business loans can either be secured or unsecured. Secured loans require collateral, are generally larger, have lower interest rates, and place less emphasis on credit scores. Unsecured loans provide no collateral, and the lender is at risk if the business defaults.
People with strong credit may qualify for an unsecured loan, while those with poor credit can consider a merchant cash advance. This type of loan is repaid as a fixed percentage of customer card receipts daily, weekly, or monthly.
What makes Canadvances stand out from other lenders
Our small business loans are an easy and quick way to get funding for your new enterprise. Signing up takes less than 10 minutes. Once you’ve been pre-approved within 48 hours, you’ll receive funds from us!