Ashadi T., Alberta
$5K - $900K
6 - 24 Months
24 Hours
A term loan gives your business a set amount of funding with a clear repayment plan. It’s a great option for Canadian businesses that are growing and need capital for important projects, without dealing with banks or hidden fees.
Term financing can help cover bigger expenses, whether you’re renovating, buying equipment, or managing a busy season. It’s designed to give Canadian businesses the breathing room they need to grow without slowing down.
Advance Funds Network empowers small businesses through a variety of financing products that are tailored to your business needs
Advance Funds Network offers a variety of funding options across all provinces in Canada based on these minimum eligibility requirements:
Canada
$20,000
6 Months+
Our process is designed to be simple and efficient, so you can focus on running your business while we take care of the rest.
We need a few basic details from you, the entire process takes less than 3 mins!
Once your application is received and approved, we we will get back to you with a list of options to choose from.
You can get your funds as quickly as same day you apply for funding in most cases.
Advance Funds Network is able to offer funding solutions for businesses located in Canada that have been operating for a minimum of 6 months, and have monthly deposits of $20,000 or more.
Lightning fast! We’re talking same-day funding!
Recognizing the value of time in the world of business, we’ve achieved an impressive funding record of just 4 hours & 11 minutes. Typically, you can anticipate approvals within just a few hours. Plus, if all the necessary information is in place, your funds could be in your hands immediately.
Businesses choose Advance Funds Network because of our simple and efficient application process and our ability to offer businesses the funding options that best align with their needs.
Credit score requirements vary by lender and loan type. Traditional lenders, like banks, usually require a good to excellent credit score (typically 650+). Alternative lenders or funding platforms may have more flexible criteria, focusing on revenue, time in business, or other factors rather than credit history alone (typically 500+).
Advance Funds Network offers several different funding options for businesses to consider based upon the type of business as well as the nature of their need. Business loans come in several forms, and our funding specialists can work with you on options that best address your circumstances. Common types include term loans (fixed repayment over time), lines of credit (borrow only what you need), equipment financing (specific to purchasing machinery or tools), and merchant cash advances (borrowing against future sales). Each option suits different needs, such as expanding operations or managing cash flow.
A term loan is a set amount of money repaid over a fixed period of time with scheduled payments. An MCA is a lump sum given upfront repaid by withholding a percentage of daily or weekly revenue through fixed ACH debits – technically not a loan.
Typically ranging from 6 to 24 months.
Payments are made either on a weekly, bi-weekly or monthly basis depending on the approval options you qualify for.
Funding can happen as fast as the same day or up to 48 hours from when all documents are received.
Putting our clients first since 2008.
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