Funding for Small Businesses
There are 1.2 million small businesses in Canada, representing 97.9% of the nation’s business population. No matter what industry you operate in, outshine your competition and fuel your growth with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.
Small Business Funding When You Need It
Lack of cash flow is one of the most commonly cited problems faced by small business owners, especially for seasonal businesses or businesses that rely on invoicing or have long accounts receivable periods.
Sometimes, small businesses need an infusion of working capital to keep up with industry changes and continue to grow. Funding is available from traditional lenders like banks and federal funding programs, but the application process for these funding options can take months and there’s no guarantee of approval. Most applicants are rejected, especially for small loans for small businesses, businesses that operate in high-risk industries, businesses with low credit, and businesses that can’t provide collateral.
With a simpler application, faster turnaround, and flexible approval requirements, Greenbox Capital can fund more small businesses in as little as one business day. We offer a variety of small business funding options from as little as $3,000 up to $500,000. We fund all industries, including attorneys, auto dealers, construction companies, dental practices, manufacturers, medical practices, restaurants, retailers, and more.
How To Use Small Business Funding
There are no restrictions on how you can use alternative small business funding. Small business funding is most ideal for supporting growth initiatives that will increase your business’s revenue, such as:
- Hiring staff so you can expand services and take on more business
- Purchasing new equipment or technology
- Renovating or remodeling your space to offer a more comfortable environment
- Expanding your business or acquiring another business
- Building a new website or expanding your existing online presence
- Purchasing raw materials or inventory in bulk at lower prices
- Investing in continuing education and training
- Energizing your marketing and advertising to bring in more business
Alternative small business funding can also help you meet the unique challenges of your field, such as:
- Meeting changing client and customer needs
- Standing out from competition in your niche
- High cost of equipment or raw materials
- Skilled labour shortages and employee turnover
- High cost of repairing appliances or equipment
How Small Business Funding Work
- 1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
- 2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
- 3
Get Funded
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
- 4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Will You Qualify for Small Business Funding?
Exact qualification requirements depend on the type of funding you are seeking. Approval for small business funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
Small Business Funding Q&A
My staff are stretched thin. Can I use funds to hire more talent? Could I use my funds to hire more talent?
Hiring new employees is a great way to use your small business funding for the long-term growth of your business.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
Why should I consider an alternative lender for my small business funding?
Traditional lenders can take weeks or months to review and approve your loan application. If you’re looking for a way to streamline your cash flow, as an alternative lender, we have different approval requirements and can approve funding for accounting firms. We can provide you with the funds you need to cover project expenses, operating costs, and more, often in less than 24 hours.
What are the typical uses of alternative small business funding?
There are many ways you could use your funding, depending on your industry and your business goals. Some uses of funding for an could include equipment and software purchases, marketing and advertising expenses, expansion costs, and much more. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible.
Are there any restrictions on how the funds can be used?
There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
Which type of funding is best for a small business?
A merchant cash advance is one of our popular funding options. We recommend you speak with one of our knowledgeable Funding Advisors—they can help you explore all of the available funding solutions for your business.
