CanaCap Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov
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Three questions checked against CanaCap's published criteria, per product. No application started.
CanaCap counts gross deposits rather than revenue, and it wants statements from every business account you hold, not just the busiest one.
The monthly test is measured in gross deposits rather than reported revenue, so money actually arriving in the account is what counts, whatever the invoices say.
Statements come from every business account, not a chosen one. That works in your favour when deposits are spread across banks, and against the habit of showing only the healthiest account.
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Quality Lender
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Listed on Smarter Loans for 7 or more years
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High application to funding conversion ratio
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Completed a video interview with a Smarter Loans journalist, or has a video review on their profile
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High click-through and engagement rates from Smarter Loans visitors
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13 reviews from borrowers who used CanaCap. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
Thanks to CanaCap I was able to get a loan for $24,000 and add some new equipment to my auto repair shop. They really helped me out when I had a hard time getting approved at other places. Great experience and customer service.
I needed to get new inventory for my hair salon and CanaCap was able to approve and get me the funds within 48 hours. The speed and service was very good.
Very easy to apply, was approved veryquickly
CanaCap helped my business secure the working capital we needed to expand. Excellent service and fast approval!
The team at CanaCap was very professional. The process took a few days but overall great experience.
Quick and easy application process. I had the funds in my account within two days.
CanaCap offered us better terms than our bank. Great for small businesses!
Good service but I wish the repayment options were a bit more flexible.
Helpful team and solid communication. They kept me informed throughout the whole process.
Showing 10 of 13 reviews.
CanaCap is a business loan providers in Canada. They've been in business since 2016 and have helped hundreds of Canadian business owners with financing solutions.
Yes. CanaCap has been in business since 2016 and has over 10,000 customers.
CanaCap provides capital to an array of business types with minimal restrictions and offers business loans and merchant cash advance.
You can borrow $5000 - $500,000 from CanaCap.
The factor fee on CanaCap business loans varies.
Terms on a CanaCap business loan is between 4 and 12 months.
To qualify for a CanaCap loan you must be in business for a minimum of 6 months, earn at least $10,000 a month in gross deposits and complete the CanaCap application, plus provide 4 recent business statements (all business accounts).
Yes, you can complete your online application in minutes or you can call CanaCap directly.
Once approved, funds get deposited to your bank account within 24-48 hours.
The loan proceeds are deposited directly into your bank account or by wire transfer.
CanaCap loans are repaid through pre-authorized payments from your bank account.
CanaCap is available in all of Canada, except for Quebec.
You can contact CanaCap via phone, email or their help centre online.
You can apply for a CanaCap loan online or they can be contacted by phone, Monday through Friday from 9AM to 6PM EST.
