With a term loan, the borrower will have access to the funds only once, and make payments until the debt is paid off. With a line of credit, unlike a loan, the borrower has continuous and repeated access to the line of credit while it is active. This give you access to additional credit at a lower interest rate than a credit card and therefore giving you more freedom.
Flexible repayment terms (2 to 24 months)
Competitive interest rates starting as low as 13.9% for qualified borrowers
Fast application and approval process
Minimal documentation required
Potential for early repayment discounts
• Competitive interest rates starting at 13.9% for qualified borrowers.
• Risk-based pricing model: Interest rates will vary based on factors such as credit score, revenue history, loan amount, and industry risk.
• Transparent pricing with no hidden fees.
• Flexible prepayment options with no penalties in most cases.
• Potential for discounts on interest rates for early repayments.
At Voxen, we understand that every business is unique, facing its own set of challenges and opportunities. That’s why we offer innovative financial solutions designed for fast moving businesses.
Our alternative financing solutions are customized to address your unique financial needs and goals, ensuring a perfect fit for your business.
Our alternative financing solutions are customized to address your unique financial needs and goals, ensuring a perfect fit for your business.
Our team of finance professionals is dedicated to providing personalized support and guidance, helping you navigate the complexities of alternative financing with confidence.
Whether it’s unlocking working capital, improving credit scores, or obtaining financing for expansion, we measure our success by the tangible impact we make on your business’s bottom line.
Online Application
Complete a simple online application form with basic business information, funding request, and contact details. Integrate with open banking platforms for faster data verification.
Document Upload
Upload required documents such as bank statements, business licenses, and tax returns. Consider options for electronic document submission and e-signatures.
Underwriting (Analysis) Process
Automated underwriting process for faster decision-making.
Loan Approval and Funding
Receive a decision within 24 to 72 hours. Upon approval, funds are typically disbursed within 1-3 business days directly into the borrower’s bank account.
At least 6 months of active operations (consider relaxing for high-growth businesses with strong revenue)
Mandatory (demonstrates financial stability and facilitates easy fund transfers)
Minimum 595 (exceptions may be considered for businesses with exceptional revenue performance, e.g., >$100,000/month)
Operating within Canada
$120,000+ (consider adjusting based on industry and loan amount)
Consistent deposit flow, no recent NSF (non-sufficient funds) issues, and a positive banking relationship
Must be a legally registered entity in good standing in the USA or Canada.
