Interest rates for fixed repayment business loans we offer vary between 8% and 29% depending on the financial health of your business and its owner. The stronger the financial situation, the more favorable the interest rate will be (and vice versa).
What type of office equipment can you finance?
We can finance a wide range of office equipment, such as computers, printers, telephones, office furniture, conference equipment, data entry equipment, scanners, security equipment, etc. It all depends on your office equipment needs.
What are the eligibility criteria?
To be eligible for business financing of any type (fixed term loan, flexible funds, etc.) with us and our partners, you must meet the following criteria: – Have a personal credit score of at least 550 – Have a business credit score of at least 1300 – Be a Canadian business – Have an annual turnover of at least $100,000 – Have been operating in Canada for at least 6 months – Not be in active bankruptcy
Which industries are not accepted?
Although we provide loans to over 700 industries, we and our partners cannot provide financing for certain industries considered risky: adult entertainment, government agencies, horoscope/divination, public administration, NPOs, firearms suppliers fire, religious organizations, money service businesses and all lottery/casino/betting related activities.
How does it work?
With MicroCapital, obtaining a business loan is easy. Just click the “Get Started” button and answer quick questions for pre-approval. If you meet the criteria, a representative will contact you to finalize the process by asking a few additional questions.
Example of repayment of a fixed-term loan
In the example of a loan of $14,000 at an interest rate of 8% repayable over 12 months, the monthly payments will be $1,173.54 for a total amount of $14,082.48. Interest on the loan will be $82.48.
You can use the following loan calculator provided by calculator.net to reproduce and see other examples of business loan repayment.
Our 100% Quebec-based company was created to offer Quebec SMEs a reliable, flexible and fast financing solution.
Satisfaction rate: 99.2%.
We finance SMEs in over 700 different industries
Which industries are accepted?
and more than 700 others…
MicroCapital is a company specializing in loan brokerage and business financing for Quebec SMEs since 2021.
With MicroCapital, you can apply for a loan ranging from $5,000 - $300,000 and have it delivered to your business bank account in less than 24 hours!
Whether you own a restaurant, a textile factory or any other industry, we are here to help you with your financing needs.
What are you waiting for? Click the button below to get started.