Secured Business Loan

Overview of the Secured Business Loan program:

The iCapital Business Loan Program is a private sector financing solution tailored for Canadian business owners who require fast, convenient access to capital. iCapital offers unsecured loans to businesses across Canada with minimal paperwork and fast approval. The platform caters to companies that may not meet traditional bank lending criteria but still demonstrate cash flow and operational stability. Businesses can apply for loans to cover short-term cash flow needs, equipment purchases, marketing campaigns, renovations, inventory restocking, payroll, or expansion plans. Loan decisions are primarily based on monthly revenue and business cash flow rather than credit scores or physical collateral. Applications can be completed online, and funding is often disbursed within 24–48 hours. iCapital loans range from $5,000 to $250,000, and repayment terms are structured as fixed daily or weekly payments over several months. The company emphasizes a fast and human-centered lending process, offering personalized support via phone or email. The loans are designed to be used flexibly to fit any business model—from retail and trades to restaurants, e-commerce, and professional services. There is no industry restriction, but applicants must meet minimum revenue and business operation requirements. iCapital is not a bank but a private alternative lender, making it a suitable option for those needing quick, non-traditional financing.

Benefits of the Secured Business Loan program:

• Quick access to funds (within 2448 hours)
• No physical collateral required
• Simple application with minimal documentation
• Funding available even with limited or no access to traditional banking loans
• Personalized service via phone or email
• Loans usable for any business purpose (equipment, marketing, payroll, inventory, renovations)
• Transparent and automated repayment system
• Available to a broad range of industries across Canada

Eligibility criteria of the Secured Business Loan program:

• To qualify for an iCapital business loan, businesses must:
• Be based in Canada
• Be actively operating for a minimum of 6 months
• Generate at least $10,000 in monthly revenue
• Have a valid business bank account
• Be able to provide 36 months of recent bank statements
• Ineligible:
• Businesses without sufficient monthly cash flow
• Startups less than 6 months old
• Non-Canadian businesses