Frequently Asked Questions

A merchant cash advance provides upfront capital by purchasing a percentage of your daily sales in exchange for funding. Rather than traditional interest, you repay through an agreed-upon percentage (factor rate) of each day’s credit and debit card sales until the advance is fully repaid. Solid Capital connects you with MCA providers offering advances from $5,000 to $500,000 with factor rates and terms between 6-18 months, making it ideal for cash flow-dependent businesses.

A merchant cash advance uses future sales as collateral and requires repayment based on a percentage of daily sales, while a traditional business loan has a fixed monthly payment regardless of revenue. Merchant cash advances are faster to approve and don’t require collateral or a strong credit score, whereas loans typically require credit checks and collateral. Solid Capital’s merchant cash advances fund in as little as 24 hours, making them ideal for businesses needing quick capital.

Solid Capital can fund merchant cash advances in as little as 24 hours from approval. The application process takes just 5 minutes, followed by same-day review of your bank statements and basic business information. Once you receive and accept the transparent offer, funding is typically deposited within 24 hours.

Yes, Solid Capital approves merchant cash advances for businesses with all credit profiles, including those with credit scores as low as 500. Instead of relying heavily on credit history, we evaluate your business’s cash flow, monthly revenue, and time in operation. With an 89% approval rate in 2025, Solid Capital is committed to funding Canadian businesses regardless of past credit challenges. Past approval statistics reflect historical data and are not a guarantee of future results.

To qualify for a Solid Capital merchant cash advance, you need 3-6 months of business bank statements showing consistent sales, a valid government-issued ID, and basic business information. You must process credit or debit card payments, as the advance is repaid from daily sales. There are no hidden fees, and all terms are transparent from the start.

A factor rate is a decimal number multiplied by the merchant cash advance amount to calculate total repayment, while interest is a percentage charged on the principal monthly. For example, a $50,000 advance with a 1.3 factor rate means you repay $65,000 total, regardless of how long repayment takes. Factor rates are typically lower than equivalent interest rates and are standard in the merchant cash advance industry.

The cost depends on the factor rate offered by our lending partners, which varies based on your business’s revenue and credit card sales volume. With a factor rate ranging from 1.2 to 1.5, a $50,000 advance could cost between $10,000 and $25,000 in total repayment. All fees including factor rates and any broker fees are disclosed upfront before you commit, so you know exactly what you’ll repay.

Yes, restaurants are ideal candidates for merchant cash advances because they have predictable daily credit card sales. Solid Capital specializes in funding restaurants with advances up to $500,000, allowing owners to cover payroll, inventory, renovations, or expansion. With 24-hour funding and repayment tied to daily sales, restaurants can manage cash flow more flexibly.

Solid Capital offers merchant cash advances up to $500,000, allowing substantial capital for business growth, inventory, equipment, or operational needs. The exact amount you qualify for depends on your business’s monthly credit card sales volume and history. Our advisors work with you to determine an advance size that matches your business’s cash flow and repayment capacity.

Solid Capital merchant cash advances have terms ranging from 6 to 18 months, depending on your business’s sales volume and the advance amount. Shorter terms mean higher daily repayment percentages but lower total cost, while longer terms reduce daily pressure but increase total repayment. You choose the term that works best for your business cash flow.

Yes, most Solid Capital merchant cash advances allow early repayment without prepayment penalties. Early repayment can save you money on total costs and free up your daily sales sooner. Contact your Solid Capital advisor to discuss early payoff options for your specific agreement.

No, Solid Capital merchant cash advances require no collateral because your future daily credit and debit card sales serve as repayment security. This makes merchant cash advances ideal for businesses that don’t want to pledge assets or personal guarantees. The approval process is faster and less invasive than traditional secured loans.

Since your repayment is based on a percentage of daily sales, lower sales automatically reduce your daily repayment amount, providing built-in flexibility. If sales increase, you repay faster and complete the advance sooner, naturally matching repayment to your business’s performance. This flexibility makes merchant cash advances ideal for seasonal or fluctuating revenue businesses.

A merchant cash advance is ideal if your business processes high daily credit card volumes, needs capital quickly, and wants repayment tied to revenue. It works best for retailers, restaurants, salons, gas stations, and hospitality businesses with predictable daily sales. If your business has inconsistent card sales or low processing volumes, Solid Capital offers alternative financing like business term loans or lines of credit.

Solid Capital reviews your 3-6 months of bank statements to understand your business’s consistent revenue and cash flow, not just your credit score. We evaluate your time in business, average daily sales, and overall financial health to determine approval and advance amount. This cash flow-focused approach means even newer businesses or those with challenged credit can qualify.

Yes, Solid Capital’s 5-minute application is entirely online and takes just minutes to complete. After submission, our team reviews your bank statements and business information the same day, and you receive a transparent funding offer. Once you accept, funding is typically deposited within 24 hours.

You’ll need 3-6 months of business bank statements, a valid government-issued ID, and basic business information like your business name and structure. Solid Capital also performs a soft credit pull that doesn’t impact your credit score. This streamlined documentation requirement means faster approval than traditional bank financing.

Yes, once approved, you can use your Solid Capital merchant cash advance for any legitimate business purpose—payroll, inventory, equipment, marketing, expansion, or working capital. There are no restrictions on how you deploy the funds, giving you complete flexibility to address your business’s most pressing needs.

Solid Capital approved 89% of applicants in 2025, significantly higher than traditional banks which typically approve 20-30%. This high approval rate reflects our focus on evaluating cash flow and revenue rather than credit scores alone. As a Canadian-owned company, we understand the unique financing needs of Canadian businesses.

Repayment percentages typically range from 10-20% of daily credit and debit card sales, depending on your advance amount, term length, and factor rate. A higher percentage means faster repayment and lower total cost, while a lower percentage reduces daily burden but extends the timeline. Solid Capital’s advisors help you select the percentage that aligns with your business’s cash flow.

A business term loan is a lump-sum capital advance with fixed repayment terms, typically repaid weekly, bi-weekly, or monthly over 3 months to 5 years. Unlike merchant cash advances, term loans have a fixed payment schedule regardless of revenue, making budgeting predictable. Solid Capital connects you with lenders offering business term loans from $5,000 to $5,000,000 with 24-hour funding approval.

Solid Capital can approve and fund a business term loan in as little as 24 hours from application submission. The entire process—5-minute application, same-day review, transparent offer, and digital signature—is completed online. Once you accept the offer, funding is deposited to your business account typically within 24 hours.

Solid Capital offers flexible repayment schedules with daily, weekly, or monthly payment options over terms ranging from 3 months to 5 years. Daily payments work well for high-revenue businesses, while monthly payments suit businesses with predictable monthly cash flow. Our advisors help you select a repayment schedule that matches your business’s income patterns.

Yes, Solid Capital approves business term loans for entrepreneurs with credit scores as low as 500 and all credit profiles. We evaluate your business’s cash flow, revenue, and time in operation rather than relying solely on credit history. With an 89% approval rate, we’re committed to helping Canadian businesses access capital regardless of past credit challenges.

To qualify for a Solid Capital business term loan, you need 3-6 months of business bank statements, a valid government-issued ID, and basic business information. We perform a soft credit pull that doesn’t impact your credit score and evaluate your business’s revenue and operational history. No collateral is required for most term loans.

Solid Capital offers business term loans ranging from $5,000 to $5,000,000, giving you access to substantial capital for growth, acquisition, or operational needs. The exact amount depends on your business’s monthly revenue, time in operation, and overall financial profile. Our advisors work with you to determine an appropriate loan size.

A term loan provides a lump sum with a fixed repayment schedule, while a line of credit gives you revolving access to funds and you pay interest only on what you draw. Term loans are ideal for specific projects or one-time needs, while lines of credit provide ongoing working capital flexibility. Solid Capital offers both products depending on your business needs.

Solid Capital charges no hidden fees—all costs are transparent and disclosed upfront in your funding offer. The cost of your term loan is based on the principal amount, term length, and your business profile. You’ll know exactly what you pay before accepting the offer.

Yes, once approved, you can use your Solid Capital business term loan for any legitimate business purpose including inventory, equipment, payroll, expansion, debt consolidation, or working capital. There are no restrictions on fund deployment, giving you complete flexibility.

Solid Capital reviews your 3-6 months of bank statements to assess consistent revenue and cash flow, evaluates your time in business, and considers your overall financial health. Rather than relying heavily on credit scores, we focus on your business’s ability to repay. This approach means even newer businesses or those with challenged credit can qualify.

Solid Capital business term loans can extend up to 5 years, allowing longer repayment periods that reduce monthly payment pressure. Longer terms mean lower monthly payments but higher total interest costs, while shorter terms increase monthly burden but reduce total cost. Choose the term that best matches your business’s cash flow.

Most Solid Capital business term loans don’t require collateral—we evaluate your business’s cash flow and revenue instead. However, larger loans or specific circumstances may require collateral or a personal guarantee. Our advisors discuss collateral requirements during the approval process.

The Solid Capital application takes just 5 minutes to complete online, followed by same-day review of your bank statements and business information. You receive a transparent funding offer the same day, and after digital signature, funding is typically deposited within 24 hours. The entire process from application to funding can be completed in one business day.

Yes, most Solid Capital business term loans allow early repayment without prepayment penalties, saving you on total interest costs. Early repayment demonstrates financial strength and frees up your cash flow sooner. Contact your Solid Capital advisor about early repayment options for your specific loan.

A business term loan is ideal if you need a lump sum for a specific purpose, prefer fixed predictable payments, and want to avoid daily or weekly payment pressure. It works well for businesses with consistent monthly revenue, those funding specific projects or expansion, and companies consolidating existing debt. If you need ongoing flexible access to capital, a business line of credit might be better.

Solid Capital approves business term loans for applicants with credit scores as low as 500, significantly lower than traditional banks. We evaluate your entire financial picture—business revenue, time in operation, and cash flow—rather than credit score alone. This inclusive approach means most Canadian business owners can qualify.

Yes, startups can qualify for Solid Capital business term loans if they have 3-6 months of business bank statements showing consistent revenue. We evaluate business performance rather than age alone, so newer businesses with strong sales can secure funding. Our 89% approval rate reflects our commitment to supporting growing Canadian businesses.

If you miss a payment, contact your Solid Capital advisor immediately to discuss options like payment restructuring or temporary relief. Solid Capital works with borrowers to find solutions rather than simply defaulting loans. Having transparent communication with your lender helps protect your business’s credit and access to future financing.

Solid Capital calculates interest based on your loan amount, term length, and business profile. The total interest owed is disclosed upfront in your funding offer, and payments are structured to include both principal and interest. This transparency lets you understand exactly what you’ll pay.

Yes, Solid Capital business term loans can help you refinance existing high-interest debt, consolidate multiple loans, or negotiate better terms. Refinancing can reduce your monthly payment burden and improve cash flow. Our advisors assess your current debt situation and recommend refinancing options that strengthen your business.

A business line of credit provides revolving access to funds up to an approved limit, and you only pay interest on the amount you actually draw. Unlike a term loan, you can draw, repay, and redraw funds throughout your agreement, providing flexibility for ongoing working capital needs. Solid Capital connects you with lenders offering business lines of credit from $5,000 to $500,000 with 24-hour approval.

A business line of credit provides revolving access and interest-only payments on drawn amounts, while a term loan provides a lump sum with fixed monthly payments. Lines of credit work like business credit cards—you use what you need and repay, then can use those funds again. Term loans require fixed payments on the entire principal whether you use all the funds immediately or not.

Solid Capital can approve a business line of credit in as little as 24 hours from application submission. The 5-minute online application is followed by same-day review of your bank statements, with a transparent offer provided the same day. Once you accept and complete digital signing, your credit line is typically active within 24 hours.

Yes, Solid Capital approves business lines of credit for entrepreneurs with credit scores as low as 500 and all credit profiles. We evaluate your business’s cash flow and revenue rather than credit history alone. With an 89% approval rate, Solid Capital is committed to providing Canadian businesses with access to capital.

To qualify for a Solid Capital business line of credit, you need 3-6 months of business bank statements, a valid government-issued ID, and basic business information. We perform a soft credit pull that doesn’t impact your credit score. The streamlined requirements allow faster approval than traditional banks.

Solid Capital offers business lines of credit up to $500,000, providing substantial working capital flexibility for growing businesses. Your specific credit limit depends on your business’s monthly revenue and financial profile. Our advisors determine an appropriate limit that balances your needs with your business’s cash flow.

You only pay interest on the amount you actually draw from your Solid Capital business line of credit, not the entire approved limit. For example, if you have a $100,000 line but only draw $30,000, you pay interest on that $30,000. This makes lines of credit cost-effective for businesses with variable working capital needs.

Yes, Solid Capital business lines of credit are fully revolving—you can draw funds, repay them, and draw again throughout your agreement. This flexibility makes lines of credit ideal for managing seasonal cash flow fluctuations or unexpected opportunities. You control when and how much you draw.

Solid Capital business lines of credit typically start from prime rate plus a margin depending on your business profile and credit quality. Rates vary based on your business’s cash flow, time in operation, and overall financial health. Our transparent pricing means you know your exact rate before accepting the offer.

Most Solid Capital business lines of credit are unsecured and don’t require collateral or personal guarantees. We evaluate your business’s cash flow and revenue capacity instead. This unsecured approach means faster approval and no need to pledge business or personal assets.

Yes, once approved, you can use your Solid Capital business line of credit for any legitimate business purpose—working capital, inventory, payroll, equipment, or emergency cash flow needs. There are no restrictions on how you deploy funds.

The Solid Capital application is just 5 minutes online, followed by same-day review of your documentation. You receive a transparent offer the same day, and after digital signature, your line is typically active within 24 hours. The entire process can be completed in one business day.

A draw is when you access funds from your approved business line of credit. You can make draws via bank transfer, check, or other methods as arranged with Solid Capital. Once drawn, you begin paying interest on that amount until you repay it.

Yes, many Solid Capital clients use both products together—term loans for specific projects and lines of credit for ongoing working capital flexibility. This combination provides both structured debt and flexible access to funds. Our advisors recommend the right combination for your business needs.

A business line of credit is ideal if you need flexible, ongoing access to capital for working capital, seasonal fluctuations, or unexpected opportunities. It works well for retailers, service businesses, and companies with variable cash flow needs. If you need a lump sum for a specific project, a term loan might be better.

If you don’t draw the full line, you pay interest only on what you actually withdraw, not on the unused portion. Many businesses maintain a line of credit as emergency backup without using the full amount. This flexibility makes lines of credit cost-effective risk management.

Solid Capital business lines of credit typically require interest-only minimum payments monthly, though you can pay principal anytime without penalty. Some agreements allow for principal reduction requirements over time. Our advisors explain your specific repayment terms.

Yes, as your business grows and demonstrates strong cash flow, you can request an increase to your Solid Capital business line of credit limit. Increases are often granted without a full re-application process. Contact your advisor about line increase options.

Solid Capital approves business lines of credit for applicants with credit scores as low as 500. We evaluate your business’s cash flow and revenue rather than credit score alone, meaning most Canadian business owners can qualify.

A Solid Capital business line of credit appears on your business credit report as an open revolving account. Responsible use and on-time payments help build your business credit profile and can improve your access to future financing. Business credit lines are valuable tools for establishing business creditworthiness.

Equipment financing is a loan specifically designed to purchase business equipment, where the equipment itself serves as collateral for the loan. You choose the equipment you need, and through Solid Capital’s lending network, you can access financing for up to 80-100% of the purchase price, allowing you to own the equipment immediately. Terms range from 12 to 84 months, and funding can be approved in as little as 48 hours.

Solid Capital offers equipment financing from $10,000 to $2,000,000, allowing you to finance everything from small tools to major machinery. The amount you can borrow depends on the equipment’s value and your business’s cash flow. Our advisors work with you to determine appropriate financing that matches your needs.

Solid Capital finances a wide range of business equipment including manufacturing machinery, construction equipment, HVAC systems, dental chairs, salon equipment, commercial kitchen equipment, trucks, and more. Essentially, any equipment essential to your business operations can potentially be financed. Contact our advisors about your specific equipment.

Solid Capital can approve and fund equipment financing in as little as 48 hours from application. The 5-minute online application is followed by same-day review, and after approval, funding is typically deposited within 48 hours. This speed allows you to acquire equipment quickly and start generating revenue.

Yes, Solid Capital approves equipment financing for businesses with credit scores as low as 500 and all credit profiles. The equipment serves as collateral, reducing lender risk and allowing approval despite credit challenges. With an 89% approval rate, we’re committed to helping Canadian businesses acquire necessary equipment.

To qualify for Solid Capital equipment financing, you need 3-6 months of business bank statements, a valid government-issued ID, basic business information, and details about the equipment you’re financing. You’ll need an invoice or quote for the equipment. We perform a soft credit pull that doesn’t impact your credit score.

Yes, with Solid Capital equipment financing, you own the equipment immediately upon purchase, though Solid Capital holds a lien until the loan is repaid. You can use the equipment for your business operations right away and benefit from its value. Once you pay off the loan, the lien is removed and you have full ownership.

Solid Capital equipment financing offers flexible terms from 12 months to 84 months depending on the equipment type and your business’s cash flow. Shorter terms mean higher monthly payments but lower total cost, while longer terms reduce monthly burden. Our advisors help you select the term that balances affordability with total cost.

Equipment financing uses the equipment as collateral and is specifically for purchasing equipment, while a business loan is more flexible but may have higher costs. Equipment financing typically has lower interest rates because the equipment secures the loan. If you’re purchasing equipment, dedicated equipment financing often provides better terms than general business loans.

Yes, Solid Capital finances both new and used business equipment as long as it has remaining useful life and reasonable market value. Used equipment can be a cost-effective way to expand capacity while managing financing costs. Our advisors evaluate the equipment’s condition and value.

Equipment depreciates over time, which is normal and expected. Your equipment financing loan is structured knowing equipment will decline in value. As you make payments, your equity in the equipment increases even as its market value decreases. Solid Capital’s loan terms are structured to ensure your equity cushion remains adequate.

Yes, if you have existing equipment financing with other lenders at high rates, Solid Capital may offer refinancing at better terms. Refinancing can reduce your monthly payment and improve cash flow. Contact our advisors about refinancing options for your existing equipment loans.

Solid Capital equipment financing rates vary based on your business profile, equipment type, and term length. Rates are typically competitive with the equipment serving as strong collateral. Our transparent pricing means you know your exact rate before accepting the offer.

Yes, startups can qualify for Solid Capital equipment financing if they have 3-6 months of business bank statements showing operations. We evaluate business performance rather than age alone, and the equipment itself provides substantial collateral security. Our 89% approval rate means even newer businesses can access equipment financing.

Equipment financing is ideal if you need to purchase equipment essential to your business operations and want to preserve working capital. It’s especially valuable if you need equipment immediately and want predictable monthly payments. If you need general working capital rather than equipment specifically, a business loan or line of credit might be better.

Solid Capital equipment financing extends up to 84 months (7 years) depending on the equipment type and your business profile. Longer terms are typically available for equipment with longer useful lives. Shorter terms are available for equipment that depreciates faster.

Yes, most Solid Capital equipment financing allows early repayment without prepayment penalties. Early payoff saves you on total interest and frees up your cash flow. Contact your Solid Capital advisor about your specific early repayment options.

You’ll need 3-6 months of business bank statements, a valid government-issued ID, basic business information, and an invoice or detailed quote for the equipment you’re financing. The equipment details help us assess appropriate financing. Our streamlined documentation process enables fast approval.

Solid Capital reviews your business bank statements to assess cash flow and your ability to make monthly equipment financing payments. We evaluate your business’s revenue, time in operation, and the equipment’s value and usefulness. This practical approach means most Canadian businesses can qualify.

Once you’ve completed all payments on your Solid Capital equipment financing, the lien is removed and you have full ownership of the equipment. You’ll receive documentation confirming the loan is satisfied. The equipment is now fully yours to use, upgrade, or sell as you see fit.

Invoice factoring is selling your unpaid B2B invoices to a factoring company in exchange for immediate cash, typically 80-90% of the invoice value. Rather than waiting 30, 60, or 90 days for customers to pay, you receive cash upfront, improving cash flow immediately. Solid Capital connects you with factoring partners who handle collection from your customers, and once collected, you receive the remaining balance minus a small factoring fee.

Solid Capital can approve invoice factoring and advance funds in as little as 24-48 hours from application. The quick turnaround means you can access cash from pending invoices almost immediately, significantly improving your business’s cash flow. This speed is essential for businesses needing immediate working capital.

Solid Capital typically provides an advance rate of 80-90% of the invoice value, depending on your customers’ creditworthiness and payment history. Higher-credit customers generally qualify for higher advance rates. You receive the remaining balance (minus a small factoring fee) once your customer pays the invoice.

To qualify for Solid Capital invoice factoring, you need invoices from creditworthy B2B customers (minimum $5,000 per invoice), 3-6 months of business bank statements, a valid government-issued ID, and basic business information. Your customers’ financial strength matters more than your personal credit score. We evaluate the invoices themselves as collateral.

Yes, Solid Capital approves invoice factoring even if you have poor personal credit, because approval is based on your customers’ creditworthiness rather than your own. As long as your customers are creditworthy and you have quality invoices, you can qualify. This makes factoring ideal for growing businesses or those with credit challenges.

Solid Capital factors B2B invoices only—invoices from your business to other businesses for products or services delivered. You cannot factor consumer invoices or invoices from retail customers. Your customers should be established companies with reasonable credit history and payment records.

Solid Capital requires a minimum invoice amount of $5,000 per invoice to factor. This minimum ensures the factoring transaction is economical for both you and Solid Capital. You can factor multiple qualifying invoices simultaneously.

Invoice factoring costs are typically 2-4% of the invoice value (factoring fee), charged only on invoices you actually factor. For example, factoring a $10,000 invoice might cost $200-$400 in fees. Solid Capital charges no hidden fees—all costs are transparent upfront.

Invoice factoring is asset-based financing—you’re selling your invoices, not borrowing money. This distinction matters because factoring doesn’t create business debt, doesn’t appear as a liability on financial statements, and doesn’t affect your debt-to-income ratios. It’s a cleaner alternative to traditional loans for cash flow management.

No, Solid Capital invoice factoring has no long-term commitment—you can factor invoices when you need cash and stop anytime. This flexibility means you use factoring strategically when needed for cash flow, then reduce or stop when cash improves. No minimum monthly factoring volume is required.

Solid Capital reviews your customers’ creditworthiness, payment history, and financial strength to determine advance rates and approval. We assess invoice aging (how old the customer relationship is and payment track record), customer industry, and overall financial health. Invoices from stable, established customers qualify for higher advance rates.

When your customer pays Solid Capital (or a collection agency if assigned), we verify payment, deduct the factoring fee and any fees owed, and send the remaining balance to you. The process is transparent and typically happens within 1-2 business days of payment receipt. You’re then free to factor additional invoices.

Yes, absolutely. Solid Capital can factor invoices from many different customers—there’s no requirement to work exclusively with one customer’s invoices. You can strategically factor invoices from customers with longer payment terms or during seasonal cash flow crunches.

Most Solid Capital factoring is recourse factoring, meaning if your customer doesn’t pay, you take back the unpaid invoice and repay Solid Capital. Non-recourse factoring (where Solid Capital assumes collection risk) is typically available only for established relationships with strong customers. Recourse factoring is more common and usually has lower fees.

Invoice factoring is ideal if your business has B2B invoices with extended payment terms (Net 30, 60, or 90), needs immediate cash to fund operations, or wants to avoid traditional debt. It works especially well for manufacturers, distributors, service providers, and contractors. If you have consumer invoices or immediate payment customers, factoring may not be necessary.

Yes, many Solid Capital clients use invoice factoring alongside other products like business lines of credit or term loans. Factoring provides short-term cash flow solutions while term loans and lines of credit address longer-term capital needs. Our advisors recommend the right combination for your business.

Solid Capital notifies your customers that invoices are factored and that payment should be sent directly to us for collection. This is standard business practice and doesn’t harm customer relationships—most customers don’t mind because they pay on their normal schedule. You maintain the business relationship while we handle collection.

You need copies of the invoices you want to factor, documentation of delivery/completion (fulfillment proof), your customers’ financial information or payment history, and proof of the contractual relationship. Solid Capital reviews these documents to verify invoice validity and customer creditworthiness before advancing funds.

Yes, Solid Capital can factor invoices from customers anywhere in Canada and can serve businesses across Canada. Geographic location of your customers doesn’t limit factoring availability. This flexibility supports businesses with national customer bases.

Most Canadian banks don’t offer invoice factoring, or only for large volume customers with long-term commitments. Solid Capital provides factoring with no long-term contracts, fast approval (24-48 hours), flexible per-invoice basis, and 89% approval rate. This flexibility makes Solid Capital ideal for growing Canadian businesses needing immediate cash flow solutions.

Yes, Solid Capital approves business loans for entrepreneurs with credit scores as low as 500 and all credit profiles, including those with bankruptcy, defaults, or collections history. Rather than focusing on credit scores, we evaluate your business’s current cash flow, revenue, and time in operation. With an 89% approval rate in 2025, Solid Capital is committed to funding Canadian businesses regardless of credit challenges.

All six Solid Capital business financing products are available for businesses with bad credit: merchant cash advances, business term loans, business lines of credit, equipment financing, invoice factoring, and general business loans. Each product is evaluated based on your business’s current financial strength, not credit history. Our advisors recommend the best product for your specific situation.

Solid Capital focuses on your business’s current cash flow, monthly revenue, time in operation, and industry, rather than relying solely on credit scores. We review 3-6 months of business bank statements to verify consistent revenue, assess your business’s growth trajectory, and determine repayment capacity. This practical approach means most businesses can qualify despite credit challenges.

Solid Capital approves loans for applicants with credit scores as low as 500, significantly lower than traditional banks which typically require scores of 680 or higher. We evaluate credit scores as one factor among many, focusing primarily on your business’s cash flow and financial health. Scores of 500+ have a strong chance of approval.

Traditional banks decline most applicants with credit challenges, even if their businesses are now profitable and healthy. Solid Capital understands that past credit problems don’t reflect current business strength. We evaluate your business’s current performance and potential, providing access to capital when traditional banks won’t.

To qualify for a Solid Capital bad credit loan, you need 3-6 months of business bank statements (showing consistent revenue), a valid government-issued ID, and basic business information. We perform a soft credit pull that doesn’t impact your score. The streamlined requirements enable faster approval than traditional lenders.

Solid Capital can approve bad credit business loans in as little as 24 hours from application submission. Our focus on current business performance rather than credit history review enables faster processing. Once approved, funding is typically available within 24 hours.

Solid Capital doesn’t require co-signers for bad credit business loans—we evaluate your business’s current cash flow instead. Some situations may require a personal guarantee from the business owner, but not a co-signer. Our advisors discuss guarantee requirements during approval.

Solid Capital approves loans for businesses even if the owner has bankruptcy history, as long as your business currently shows consistent revenue and cash flow. We evaluate your business’s current strength, not past bankruptcy. Many Solid Capital clients have bankruptcy history and successfully secured funding.

Yes, Solid Capital approves loans for businesses whose owners have collections accounts, defaults, or missed payments in their credit history. We focus on your business’s current financial performance and your commitment to repay. Many businesses with collection history have been approved and funded by Solid Capital.

Solid Capital offers bad credit business loans up to $5,000,000, depending on your business’s revenue and performance. The exact amount depends on your specific business profile, not credit score. Even businesses with challenged credit can access substantial capital if their cash flow supports it.

Bad credit business loan rates from Solid Capital vary based on your business profile, risk assessment, and product type, but are typically competitive for the alternative lending market. Rates are disclosed transparently before you accept any offer. Exact rates depend on your specific situation and chosen product.

Bad credit slightly reduces approval chances but doesn’t prevent it—Solid Capital’s 89% approval rate applies to all credit profiles. Your business’s current cash flow is far more important than credit scores. Many applicants with bad credit are approved when their business shows strong revenue.

Yes, absolutely. Making on-time payments on a Solid Capital bad credit loan helps rebuild both personal and business credit. Over time, consistent on-time payment history improves credit scores and positions your business for better financing terms. Each payment is a step toward better credit.

Gather 3-6 months of clean business bank statements showing consistent revenue, ensure all business information is accurate and complete, prepare to explain past credit issues briefly, and apply with realistic expectations about your business’s borrowing capacity. Demonstrating current business strength is more important than explaining past problems.

A bad credit business loan from Solid Capital is right if you need capital for business growth, working capital, or expansion but have been declined by traditional banks due to credit challenges. If your business currently shows healthy revenue and cash flow, Solid Capital can help. Our 89% approval rate means most Canadian business owners can qualify.

Startups with bad credit can potentially qualify for Solid Capital funding if they have 3-6 months of business bank statements showing consistent revenue. We evaluate business performance and potential regardless of credit history. Many new business owners with credit challenges have been approved.

Credit recovery depends on the type of negative marks in your history. On-time payments on Solid Capital loans help rebuild credit continuously. Negative items like collections or defaults gradually age and become less impactful on your credit score. Many clients see meaningful credit improvement within 12-24 months of consistent on-time payments.

Businesses with no credit history can qualify for Solid Capital loans if they have bank statements showing consistent revenue. We evaluate your business’s cash flow and financial health rather than relying on credit history. This practical approach helps new business owners build credit while growing.

As your credit improves, you become eligible for better terms on future financing. Solid Capital may offer to refinance your existing loan at better rates as your credit improves. Building credit while repaying helps position your business for improved financing options.

Solid Capital connects you with six core business financing products: merchant cash advances ($5K-$500K), business term loans ($5K-$5M), business lines of credit ($5K-$500K), equipment financing ($10K-$2M), invoice factoring (up to 90% advance), and products for businesses with bad credit. All six products are available to Canadian businesses with flexible terms and 24-hour to 48-hour funding.

Your choice depends on your specific need: merchant cash advances for quick capital tied to daily sales, term loans for lump-sum funding, lines of credit for ongoing working capital flexibility, equipment financing for asset purchases, invoice factoring for cash flow improvement, or bad credit products if you have credit challenges. Our advisors help you select the ideal product.

Solid Capital approved 89% of business financing applicants in 2025, significantly higher than traditional banks which approve 20-30%. Our focus on evaluating current business cash flow rather than credit history alone enables this high approval rate. Most Canadian business owners who apply to Solid Capital are approved.

Solid Capital offers faster approval (24-48 hours vs. weeks or months), higher approval rates (89% vs. 20-30%), simpler requirements (bank statements vs. tax returns, financials, personal guarantees), and more flexible terms. We evaluate current business performance rather than credit history, and we work with all credit profiles. Solid Capital is ideal when banks decline you.

For any Solid Capital business financing product, you need 3-6 months of business bank statements, a valid government-issued ID, and basic business information (business name, structure, industry). Different products may require additional documents (invoice copies for factoring, equipment quotes for equipment financing). Our streamlined documentation process enables fast approval.

Solid Capital can approve and fund most business financing products within 24-48 hours from application submission. The 5-minute online application is reviewed the same day, with transparent funding offers provided immediately. Once you accept and sign digitally, funding is typically deposited within 24-48 hours.

Solid Capital serves businesses across all Canadian provinces and territories. You can apply for any business financing product regardless of where you’re located in Canada. Check our website or contact our advisors if you have questions about service in your area.

Solid Capital is 100% Canadian-owned and operated with real Canadian advisors (not chatbots), has approved 2,500+ Canadians, offers transparent no-hidden-fee pricing, uses soft credit pulls that don’t impact scores, and maintains an 89% approval rate. We understand Canadian business challenges and are committed to supporting Canadian entrepreneurship.

Yes, Solid Capital business financing can be used to refinance existing high-interest loans or consolidate multiple debts. Refinancing can reduce your monthly payment, improve cash flow, and provide better terms. Our advisors assess your current debt situation and recommend refinancing options.

Visit https://your-domain.com and complete the 5-minute online application with your business information and basic details. You’ll upload 3-6 months of business bank statements and provide a government ID. Our team reviews the same day, provides a transparent offer, and after digital signing, funding is typically available within 24-48 hours.