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 working-capital files in 24–72 hours after a complete submission.
Start an applicationSpeed depends on the product. Merchant cash advances and short-term lines of credit can close in 24–48 hours because underwriting relies on bank statement cash-flow analysis rather than full tax filings. Equipment financing typically closes in 3–7 business days. Term loans and acquisition financing usually require 10–20 business days due to deeper credit, collateral, and structuring review.
The biggest delay is almost never the lender — it is incomplete documentation. A clean file (6 months of bank statements, recent financials, government ID, void cheque) submitted up front compresses the timeline dramatically.
Voxen Capital's typical timeline for working-capital products is 24–72 hours from signed application to funded.
Speed to funding, by product
Figures are typical ranges for a complete file, not guarantees. Final terms depend on revenue, time in business, credit profile and lender review.
| Merchant Cash Advance (MCA) | 24–72 hours |
|---|---|
| Business Line of Credit | 3–10 days |
| Invoice Factoring | 3–7 days setup, same-day after |
| Equipment Financing | 3–7 days |
| Bridge Loan | 5–15 days |
| Term Loan | 7–20 days |
| Inventory Financing | Days |
| Purchase Order Financing | Days |
| Acquisition Financing | 20–60 days |