What is the interest rate for Term Funding?
No interest charged on Term Funding. A flat fee is added to the funding amount.
Can I apply for Term Funding more than once?
Yes, you can apply for Term Funding more than once, after the initial funding is paid in full.Also, additional funding can be requested while the current one is in operation.
Can I pay-off early the Term Funding?
Yes, the Term Funding is open and can pay-off without penalty at any time.
How do I make regular repayments?
Repayment is easy. The agreed regular small, fixed payment withdrawn daily from the designated bank account. No need to worry of large, monthly payments.
How long does it take to process my application and approved for funding?
The application process is quick and easy. From the moment you apply until the funds are in your bank account, takes about 5 to 7 days.
Can I apply even if I have poor credit?
Yes! Poor credit is not a problem; but, should not have an open bankruptcy.
How do I get approved for Term Funding?
To be approved for Term Funding, you must be in business for at least three months in Canada, have annual sales of $50,000 and not be an internet-based business.
How much does it cost to apply for Small Business finance?
Absolutely nothing. There is no fee to apply and no strings attached.
What is Term Funding?
Term Funding is small business funding where business owners will make daily fixed payments within an agreed term (say 1 or 24 months) without accruing interest.