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• How fast can I get a business loan in Canada? — Funding speeds in Canada range from 24 hours (merchant cash advance, short-term working capital) to 2–4 weeks (term loans, acquisition financing). Voxen Capital funds most…
• Can I get a business loan with bad credit in Canada? — Yes. Canadian alternative lenders approve businesses with credit scores as low as 500 when cash flow and revenue support the request. Personal credit is one input, not the…
• What is the minimum monthly revenue to qualify for a business loan in Canada? — Most Canadian alternative lenders require $10,000–$15,000 in average monthly deposits. Bank financing typically requires $250,000+ in annual revenue and 2 years of operating…
• Do I need collateral to get a business loan in Canada? — Not always. Working-capital products (MCA, short-term loans, lines of credit under ~$250K) are typically unsecured. Equipment financing is secured by the equipment. Larger term…
• What does a merchant cash advance actually cost in Canada? — MCAs are priced using a factor rate, typically between 1.15 and 1.45, set mainly by the term. A $100,000 advance at a 1.25 factor means total repayment of $125,000. An advance is…
• What is the difference between a factor rate and an APR? — A factor rate is a multiplier showing total repayment (e.g. 1.25 = repay 125% of the advance). APR annualizes the cost of borrowing. The same factor rate can imply very different…
• How much can my business borrow in Canada? — A common rule of thumb is 1.0×–1.75× monthly revenue for working-capital products. A business doing $80K/month in deposits can typically access $80K–$140K. Term loans and…
• What documents do I need to apply for a business loan in Canada? — For most working-capital products: 6 months of business bank statements, government ID, void cheque, and basic business info. Larger or longer-term financing also requires…
• Can a brand-new business get financing in Canada? — Yes, but options are narrower. Startups under 6 months typically access equipment financing, secured lines of credit, government-backed programs (CSBFP), or financing tied to a…
• How do I finance a business acquisition in Canada? — Most Canadian SMB acquisitions are funded with a stack: senior bank debt or alternative term debt (50–70%), seller financing (10–25%), buyer equity (10–25%), and sometimes…
• MCA or business line of credit — which is right for my business? — A line of credit is cheaper and more flexible if you qualify. An MCA is faster, easier to qualify for, and useful for short-term capital with clear ROI. Many businesses use both…
• What is Voxen Capital? — Voxen Capital is a Canadian alternative financing advisory firm that structures and places business financing — MCA, lines of credit, factoring, equipment, bridge, term, and…
• Can I refinance equipment I already own in Canada? — Yes. Equipment refinancing — including sale-leaseback structures — advances working capital against the appraised value of equipment your business owns outright or has nearly paid…
• How does freight factoring work for trucking companies in Canada? — A carrier delivers the load, submits the freight bill and proof of delivery, and receives an advance within 24 hours instead of waiting 30–60 days for the shipper or broker to…
• How do staffing agencies fund weekly payroll while clients pay in 30–90 days? — Invoice factoring is the standard instrument: the agency factors each billing cycle's invoices and receives an advance within 24 hours, so Friday's invoices fund Monday's payroll…
• What is inventory financing and how does it work in Canada? — Inventory financing advances working capital against stock your business holds for sale — typically 50–70% of inventory value on facilities from $50,000 to $2,000,000. The stock…
• How much can I borrow against my inventory in Canada? — Typically 50–70% of the cost value of eligible stock, on facilities from $50,000 to $2,000,000. Standard goods with a live resale market sit at the top of that range; seasonal…
• Can an e-commerce business get inventory financing in Canada? — Yes — e-commerce is one of the main users of inventory financing, because the model forces cash into stock months before it sells. Facilities run $50,000 to $2,000,000, secured on…
• What is the best financing for a seasonal business in Canada? — A business line of credit, in most cases: draw during the slow months, repay during the strong ones, and pay interest only on what you use. Products with fixed flat payments fight…
• My bank declined my business loan. What are my options in Canada? — A bank decline is a verdict on your balance sheet, not your business. Factoring approves on your customers' credit, equipment financing on the asset, and cash-flow products on…
• Is business financing available in every Canadian province and territory? — Yes. Voxen Capital arranges financing for businesses in all 10 provinces and 3 territories from its Montréal and Toronto offices — the application, documents, and funding are…
• How much does invoice factoring cost in Canada? — Factoring is priced as a discount fee on each invoice, driven by three inputs: monthly volume, your customers' credit strength, and how fast they pay. It is quoted per file …
• How long does invoice factoring take to set up in Canada? — Facility setup takes 5 to 10 business days from a complete file. Once live, each batch of invoices funds within 24 hours of submission — permanently.
• Is a merchant cash advance a loan? — No. A merchant cash advance is the purchase of a fixed amount of your future receivables at a discount, not a loan. There is no interest rate and no fixed maturity date — the…
• Do I need a personal guarantee for business financing in Canada? — Usually yes. Almost every Canadian lender and funder — bank and non-bank alike — requires a personal guarantee from owners holding 20% or more of the business. What varies is…
• What is a holdback on a merchant cash advance? — The holdback is the percentage of daily or weekly deposits the funder collects until the purchased amount is delivered. It typically runs 8–20% of deposits per position, and it is…
• Does paying off a merchant cash advance early save money? — Usually not by default. A factor rate is flat and time-blind, so the purchased amount is the same whether it clears in three months or fifteen. Paying early saves money only if…
• What is a reconciliation clause in a merchant cash advance? — It is your right to have the remittance adjusted when sales fall, so the funder collects a true share of actual receivables rather than a fixed payment. It is the clause that…
• What is stacking, and why do funders decline it? — Stacking is taking a second or third advance while an existing one is still outstanding. It is the single largest decline reason in the market, because each position adds another…
• Can I get financing if I already have a merchant cash advance? — Yes, but the structure matters more than the answer. What decides it is total debt service as a share of deposits — if existing remittances already take more than roughly 15–20%…
• What do lenders look for in my bank statements? — Six things: average daily balance, deposit consistency, negative days, NSF pattern, existing debt service, and trend direction. Most Canadian funders review the last six months…
• Why was my business financing application declined? — The most common reasons in Canada are existing debt service consuming too much of deposits, a declining revenue trend, chronic NSFs or negative days, insufficient time in…
• How do I consolidate multiple merchant cash advances? — True consolidation replaces several positions with one, reducing the number of daily debits. Be careful to distinguish it from reverse consolidation, which deposits money to cover…
• Does applying for business financing affect my credit score? — Applying does not. Most Canadian non-bank funders run a soft inquiry to assess a file, which is not visible to other lenders and does not affect the score. A hard inquiry…
• What is a PPSA registration on my business? — It is a public notice, filed under a province's Personal Property Security Act, that a funder holds a security interest in some or all of your business assets. In Quebec the…

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