Business funding questions, answered

Your business must be located in Canada, have operated for at least 6 months and earn at least $10,000 per month in revenue. Meeting the minimums does not guarantee approval.

Businesses need at least 6 months of operating history. If you are newer, you can still send your details and we will tell you honestly whether there is an option.

Yes. Many businesses that use this funding were declined by a bank or could not wait for one, because the lender looks mainly at revenue and time in business rather than only at credit history and collateral.

Possibly. Approval is based mainly on your business's revenue and performance, not only on your personal credit score, so a weak score does not automatically disqualify a business. Our lending partner reviews the whole picture, including your monthly revenue and time in business. Your business still needs to be located in Canada, operating for at least 6 months and earning at least $10,000 a month, and meeting those minimums does not guarantee approval: every decision is the lender's.

Not yet. Our lending partner currently funds businesses located in Canada. US owners can leave their details and we will contact them if a US option becomes available.

Businesses located anywhere in Canada can send a request, including British Columbia, Alberta, Ontario, Quebec and the rest of the country.

Term funding and merchant cash advances use a factor rate: the amount funded multiplied by the factor equals your total repayment, for example $50,000 at 1.20 means $60,000. The total is fixed upfront.

A decimal, usually between 1.10 and 1.50, multiplied by the amount funded to give the total repayment. Unlike interest, it does not grow over time.

Automatically from your business bank account, daily or weekly, or as a percentage of card sales, depending on the product.

Because the total is agreed upfront, paying early does not automatically lower it. Any early payoff option is set by the lender and shown in your offer.

No. Fast funding costs more than a bank loan. It suits businesses that need speed or were declined; if a bank loan works for you, it is usually the cheaper choice.

Decisions come in as little as 1 business day and funds as fast as 24 hours after approval. Most businesses finish the whole process within a week.

Basic business details and a secure connection to your business bank account. No business plan is required.

Approval is based mainly on revenue and time in business, not on property. Any guarantee or security the lender requires is disclosed in your offer before you accept.

Checking your options starts with a soft credit inquiry by our lending partner, which does not affect your credit score. A hard credit check happens only if you decide to move forward with funding.

No. Sending a request is free and you are never obliged to accept an offer.

No. HESPOR Trading Ltd. is an independent introducer. Our lending partner in Vancouver reviews the application, makes the decision and provides the funds.

No. Our referral commission is paid by the lending partner and is never added to your cost.

Yes. The full site is available in French. Our team replies in English.

Only to respond to your request and, with your consent, to let our lending partner review it. We never sell your information.