Borrow up to $300,000, or as little as you need, and have the cash in your bank account in as little as 24 hours.
We set a pre-approved overall limit when you sign up, and update it monthly based on your business performance. Draw as much (or as little) as you need within that, with no hidden fees and a fixed interest rate.
You know your business better than us. Whether you're responding to a surprise, investing in business growth, or seizing an opportunity, there are no restrictions on how your business loan is used.
Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.
When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.
Choose the repayment schedule that makes sense for your business—from daily, weekly or bi-weekly payments, or pay early to save on interest. Borrow from $500 to $300,000 on 2, 3, 4, 6, 9, or 12 month terms, with absolutely no hidden fees.
If your business meets the following basic criteria, our all-digital process will have us on the way to helping you in minutes.
Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.
HOW CAN WE HELP?
Our small business loans provide small and medium businesses like yours easy access to the working capital you need to secure or increase your inventory, fix or buy new equipment, launch effective marketing campaigns, carry out renovations, or expand to additional locations. Considered a fixed loan, any Thinking Capital Small Business Loan you take out has its own repayment schedule and requires that you pay a fixed interest rate and principal.
Our Thinking Capital Small Business Loan provides all the features and flexibility of a line of credit, but with the added certainty of the upfront pricing and commitment of a term loan. A loan from us gives you ongoing access to the capital you need to make sure your business runs smoothly. You can withdraw funds in one lump sum, or use it just as you would a line of credit on an as-needed basis for all kinds of uses. Every draw you make from your loan has its own fixed repayment schedule. With daily, weekly and bi-weekly options, choose a plan that works best for you. What’s more, as you pay back what you borrow, your borrowing limit is automatically refreshed, giving you continued access to the funds you need. We reassess your business performance every month, so your limit will be revised based on your business.
We make capital available to Canadian small businesses through business loans and credit facilities provided by two large and established Canadian financial institutions. Since 2006, we’ve facilated access for our customers to more than $1 billion through these facilities. Thinking Capital is part of Purpose Financial, one of Canada's leading investment management companies, backed by established Canadian and global investors including OMERS, Torquest and Allianz X. In 2020, Purpose Investments surpassed $10B in assets under management.
Upon approval, you can expect to receive your funds deposited in as little as 24 hours! You'll receive email notifications, sent to the email address you've used to sign up for your account:
1. Notifying you that your application has been approved or declined.
2. Notifying you when your funds are deposited to your business bank account, if you were approved.
Interest rates vary based on a number of factors taken from the details of your account and application. Rest assured our online application process will show you the exact cost of borrowing before you sign to commit to the loan and the interest is automatically included in your repayments to us. There are no hidden fees or charges. You can use our pricing calculator to get a good idea of the total cost of borrowing, even before you sign up.
Each time you draw from your Thinking Capital Small Business Loan, it is considered a fixed loan, which includes specific terms and conditions that outline your preferred repayment schedule and a fixed interest rate and principal to be paid. Payments will be automatically taken from your bank account according to the schedule you choose. These requirements differ from a traditional line of credit, where repayment is based on a minimum balance, or the interest on outstanding balances only.