Elect Capital Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
Elect Capital publishes three requirements and evaluates the business, not the owner's credit score.
Issued by our editorial team from platform data and verified reviews. Lenders cannot buy them.
Quality Lender
Vetted lenders that are listed on Smarter Loans
Badges are issued by our editorial team from platform data and verified reviews. They are never sold, and featured placement has no bearing on them. Read the badge criteria ›
3 reviews from borrowers who used Elect Capital. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
The team at Elect knows their stuff and approved our bakery for $50K.
Elect helped me build a patio for my restaurant this summer. Great team, awesome experience.
I used Elect to grow my inventory before Black Friday. I have a pajama store.
Elect Capital is a business funding platform headquartered in Toronto (30 Adelaide St. East) that provides Canadian small and medium-sized businesses with short-term working capital of $25,000 to $1,000,000. It underwrites on business revenue, cash flow and trading history rather than the owner's personal credit score, and also operates in the UK, US and Australia.
Elect Capital offers one core product - short-term, unsecured working capital - available for different needs: fast business funding, unsecured business funding, short-term business funding and working capital funding. All ranges run $25,000 to $1,000,000 over 3 to 12 months, with no collateral required.
Elect Capital provides working capital from $25,000 up to $1,000,000 for Canadian businesses. The amount you qualify for depends on your monthly revenue, cash flow and trading history rather than your personal credit score.
Elect Capital does not publish rates or fees on its Canadian site. All costs are disclosed in the offer you receive, before you commit to anything, and applying is free. Ask for the total cost of borrowing in dollars when you review an offer.
Repayment terms run from 3 to 12 months. Elect Capital says schedules are tailored to your business and designed to align with your revenue cycle, and early repayment is typically allowed - any early-repayment options and fees are explained before you accept an offer.
Your business must be registered in Canada as a corporation or partnership, have been trading for at least 8 months, and generate at least $15,000 in monthly revenue. Underwriting weighs revenue, cash flow and trading momentum - you don't need perfect credit or property as collateral.
Yes. The application is a short online form that takes about 2 minutes, with no paperwork, no branch visits and no hard credit pull. You'll need basic business details and recent bank statements.
No. Elect Capital performs a soft credit check at application, which does not affect your score. A full credit check is only run if you decide to proceed with an offer, and they say they will tell you before doing so.
Apply before 2 p.m. local time and you can receive an offer the same business day; approval can come in as little as 4 hours. Once you accept, funds typically arrive within hours - most businesses are funded within 24-48 hours.
Once you accept your offer, the capital is deposited directly into your business bank account - often within hours of acceptance.
No. Elect Capital's funding is unsecured - no property, equipment or other assets are required, and its published FAQ states no personal guarantee is required.
Elect Capital serves businesses across all Canadian provinces and territories, with funded clients from Vancouver to Halifax. Product availability and terms can vary by province and applicant profile.
Most sectors, including restaurants, retail and e-commerce, manufacturing and distribution, healthcare, hospitality, construction, accounting and professional services, information technology and law firms. Common uses include bridging seasonal cash flow, funding contracts, covering supplier invoices and managing tax payments.
Each business works with a dedicated, Canadian-based funding advisor rather than a call centre. You can reach the team at [email protected] or +1 (437) 837-2406; the Canadian head office is at 30 Adelaide St. East, 12th Floor, Toronto.
