iCapital Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
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Three questions checked against iCapital's published criteria, per product. No application started.
iCapital names the industries it will not fund, from start-ups to cheque cashing, and requires a physical storefront or office.
Start-ups, construction, home businesses, online businesses, funeral homes, furniture stores, jewellery stores and cheque cashing businesses are all named exclusions in the published criteria, whatever their revenue.
The business must have a storefront or professional office space. Home-based and online-only operations fall outside the gate by definition, which the industry list states outright as well.
7 reviews from borrowers who used iCapital. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
From the start of the process it was nothing but help and assistance along the way. I would highly recommend this to any business that doesn't want to go through the hassle of banks and yet can still operate in an entrepreneurial fashion
Hello, this company was a great help to us at the right time for our expansion needs.
Raising money for expansion is not easy, but iCapital made it very simple. They helped us move into our dream location and business has never been better! We were most impressed with how fast they replied to our emails and phone calls. It is very reassuring to have this much support.
Having up-to-date equipment and products is a must in the health and beauty industry. We now have new product lines and equipment and can offer services other can't. This financing has made a huge difference to our business.
We were very satisfied with iCapital response to our request and prompt follow up to put our loan in place. The regular monthly updates re loan status are helpful as well.
iCapital staff were very knowledgeable and explained the pros and cons of each option that was available for my business. They made it easier for me to make the right decision because they explained all my options to me in detail.
my acrtuall review
iCapital is one of the oldest and most reputable online lenders for small businesses in Canada. They've funded hundreds of small businesses from all over Canada.
Yes, iCapital has been in business since 2007, and has helped hundreds of businesses in Canada. They are partnered with Ontario Chamber of Commerce & Restaurants Canada.
iCapital offers 3 business financing options to choose from: a secured small business loan, a small business term loan and a flexible merchant cash advance.
You can borrow $5000 - 250,000 from iCapital.
The interest rate on iCapital business loans start at 9%.
Terms on an iCapital business loan are between 3 and 18 months.
To qualify for an iCapital loan and an iCapital merchant cash advance you'll need to have been in business for 1 year, have annual sales revenue of $100,000 or more in the last 12 months, must have a storefront or professional office space (cannot be a start-up, home business, etc.) and have no open bankruptcies. Additionally, you'll need to provide 3 months of bank statements, 2 pieces of government identification, articles of incorporation and a void cheque.
Yes, you can apply anytime using their online application form which can be completed in as little as 60 seconds.
With iCapital you can get the funds in 48 hours.
The loan proceeds are usually deposited directly into your bank account.
The automated payment system makes repayment hassle-free and highly secure thanks to iCapital's partnership with DC Bank. You can access your account 24/7 through their secure customer portal. You will receive monthly communications, including a summary of your balance. The loan is repaid daily or as a percentage of sales.
iCapital is available in all of Canada, except for Quebec.
You can contact iCapital's customer support by phone, email or chat with them live online during operating hours.
You can apply for an iCapital loan online or they can be contacted by phone, Monday through Friday from 9AM to 5PM EST.
