Common Questions
Everything you need to know about business financing, our process, and how we’re different.
Set up your file before you apply
Most declines happen because businesses apply too early. We structure and prepare your file first, then approach lenders. Start with a strategy call.
Government-backed business loans let you borrow through major Canadian lenders, with the government guaranteeing a large share of the loan. Most for-profit businesses with under $10M in revenue qualify, for amounts up to $1.15M, with personal liability capped at 25%.
Brokers connect you to a lender. We engineer the deal before it ever reaches a lender, fixing structure, positioning your credit, building projections, and assembling an underwriter-ready package so your file is ready to approve.
Yes. We use home equity lines, refinances, and second mortgages to unlock capital from your home. When the funds are used for business purposes, the interest may be tax-deductible. Confirm the details with your accountant.
Lenders typically want 650 or higher. If you are below that, we build a credit-improvement roadmap first so you apply from a position of strength rather than getting declined.
On average about one to two months from first contact to funded. Preparing and structuring your file usually takes two to four weeks, after which the lender completes its review.
No. We work with pre-revenue startups, businesses still in formation, and acquisitions of existing businesses.
Common Financing Mistakes to Avoid
- 1Applying before your corporate structure is correct
- 2Submitting projections without industry benchmarks
- 3Approaching the wrong lender for your industry
- 4Mixing personal and business debt
- 5Not budgeting for closing costs and working capital
- 6Applying too soon after a bankruptcy or consumer proposal