Thinking Capital customers are not affected by the acquisition. Thinking Capital continues to be dedicated to helping small business owners get the financing they need quickly and easily. Being a part of the Purpose Financial family will enable us to help even more small businesses.
Thinking Capital is a financing provider that offers funds at lower rates to Canadian small and medium size businesses. If your business accepts credit and debit cards, you can apply for financing regardless of industry.
Fixed Financing is our small business loan solution. With Fixed Financing, you agree to an interest rate and then pay a fixed daily amount based on that rate and the funding amount. You can choose to repay in 6, 9 or 12 months (124, 186 or 248 equal payments). There is no collateral requirement for our funding.
Flex Financing is our merchant cash advance solution. Flex Financing has no fixed time period for repayment and no collateral. Repayment is based on a small percentage of your daily credit/debit card sales.
With our Fixed Financing product, you repay a fixed amount on a daily basis. This amount is based on the business loan you received. With our Flex Financing product, daily payments are made based on an agreed percentage of your credit card sales, with no fixed time period to fully repay. We also have non-daily repayment options, including weekly and bi-weekly repayments.
Use financing to make the purchases, investments, or fixes you need to grow and support your business. Renovations, inventory, expansion, equipment, marketing and advertising are common areas business owners like you use their financing for.
During the online application process you will be prompted to connect your bank account, and/or your processor. We require a minimum of 3 months of data in order to determine how much financing you are eligible to receive.
Apply online here and share some basic information about you, your business, and your financing needs. You can also contact us at 1-866-889-9412 and one of our representatives will be able to help you.
It takes approximately 10 minutes to complete your online application. Once we’ve received your application we will send you an email confirmation with instructions or someone will contact you within 24 hours.
Your financing product will not affect your credit score. It will show up as an inquiry on your credit report but not as a trade line. For our fixed financing product, we show up as both an inquiry and a trade line for your business only (not your personal credit), which is a great way to build up your credit.
We understand. We do not restrict our financing to credit grades. We analyze many aspects related to your business and may request a co-signer. In some cases we can also offer you financing with different pricing terms.