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 history.
Start an applicationAlternative lenders use monthly deposit volume as the primary qualifier because it directly predicts repayment capacity. Common thresholds: $10K/month for entry-level MCA products, $25K/month for stronger pricing, $50K+/month for lines of credit and term loans up to $500K.
Operating history matters: most lenders want at least 6 months in business; pricing improves materially at 12 and 24 months.
Voxen Capital maps the file against 50+ Canadian capital sources to find the best-fit lender for the revenue profile.
Baseline eligibility, 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) | Business operating in Canada for 4+ months (some lenders 6+ months) |
|---|---|
| Business Line of Credit | 12+ months in business (most non-bank lenders); 24+ months at chartered banks |
| Invoice Factoring | Sell to other businesses or government on terms (net-30/60/90) |
| Equipment Financing | 6+ months in business (12+ for the most competitive pricing) |
| Term Loan | 24+ months in business (some lenders 12+) |