Applying from Canada
Who can apply?+
Our working-capital application is for Canadian businesses operating for at least 6 months with $10K or more in monthly revenue. Meeting these minimums does not guarantee approval. Lenders also review bank activity, credit and existing obligations.
What documents should I prepare?+
Start with recent business bank statements, your business details, the amount you need and its intended use. Include any existing business financing. Your advisor will confirm the statement period and any additional lender documents.
Will applying impact my credit score?+
The initial application uses a soft credit check. Ask your advisor about any additional checks required by the lender before proceeding.
Can I upload statements instead of connecting my bank?+
Yes. Business bank statements can be uploaded securely during the application process. Your advisor can help if a statement is missing or a lender needs more information.
Does completing the form mean I am approved?+
No. The form checks basic eligibility and collects your details. Any funding offer follows a review of your application, supporting documents and lender requirements.
Applications and offers
How do I check my application status?+
Contact your Thrivewell advisor or use the contact page. Your advisor can explain the current status, documents needed and any available offers.
How should I compare offers?+
Compare the amount you receive after fees, total repayment, payment frequency, term, security or guarantee requirements, and early-repayment conditions. A factor rate is not an annual percentage rate.
How do I accept an offer?+
Review the written terms with your advisor, complete the lender agreement and satisfy any remaining approval conditions. The lender confirms when funds can be released.
Small Business Loans
What are the eligibility requirements?+
Start with 6+ months in business and $10K+ monthly revenue for working-capital consideration. Term-loan requirements may be higher and depend on the lender, credit profile, cash flow and requested amount.
How fast does funding arrive?+
Timing depends on the lender, document review, signed agreement and any remaining conditions. Your advisor will confirm an expected timeline for your offer.
Can I repay early?+
Early-repayment rules vary. Ask for a written payoff quote and check whether fees or remaining financing charges still apply before deciding.
How often do I make payments?+
The lender agreement sets the payment amount, frequency and term. Daily, weekly or monthly payments may apply; review the schedule against your cash flow.
Is collateral or a personal guarantee required?+
Security and personal guarantees depend on the lender and offer. Review any registration against business assets and any personal obligations before signing.
Lines of Credit
Can every applicant get a line of credit?+
No. Lines of credit are reserved for the strongest business and credit profiles and remain subject to lender approval. Working capital or a term loan may be a better fit for other applicants.
How is the credit limit determined?+
The lender reviews revenue, time in business, credit, cash flow and existing obligations. A requested limit is not an approved limit.
How do draws and repayments work?+
An approved revolving line allows draws within its agreed limit. Availability, interest, fees, payment schedules and renewal conditions depend on the lender agreement.
Revenue-Based Working Capital
What does revenue-based financing mean?+
Business revenue and bank activity are important to the funding assessment. The agreement determines the legal structure, total repayment and collection schedule. Fixed daily or weekly payments may apply.
Do payments automatically fall when sales slow?+
Do not assume they do. Check the agreement for any revenue reconciliation or adjustment provisions, and contact your advisor if revenue changes. Any payment change must follow the lender agreement.
Who can apply?+
Canadian businesses with 6+ months of operations and $10K+ monthly revenue can start a working-capital application. Approval also depends on financial review, existing debt and the ability to meet payments.
Non-Dilutive Capital
What does non-dilutive mean?+
It describes financing that does not require selling ownership in the business. Debt still carries repayment obligations, and available structures depend on the business and lender.
Are guarantees or security required?+
They may be. Review guarantees, security, covenants, fees and repayment terms in the written offer.
Is this available to every business?+
No. Specialized growth financing depends on lender availability, business financials and the proposed use of funds. An advisor can assess whether an available structure fits.
Funding and costs
How much can I borrow?+
The amount depends on revenue, bank activity, existing obligations, product and lender approval. Apply with the amount you need; an advisor will explain any available offer.
What is the total cost?+
Costs vary by lender and structure. Compare the net amount received, total scheduled repayment, fees and early-repayment conditions. Ask your advisor to explain anything unclear before signing.
Can I apply with existing financing?+
Disclose all current financing and payment obligations. Any new funding must fit your cash flow alongside those payments; an application does not promise a buyout or consolidation.
Current customers
How do I get help?+
Contact your Thrivewell advisor or use our contact page for application and funding questions.
My revenue dipped. What should I do?+
Contact your advisor and lender promptly. Ask about the options available under your agreement before changing or missing a payment.
Can I renew?+
Renewals require a new assessment of your financials, repayment history and lender criteria. A previous approval does not guarantee another offer.
How do I update bank information?+
Contact your advisor for the lender-approved verification process before changing your funding or repayment account.
Still have questions?
A specialist is one call away, no obligation, no hard credit pull to talk.
Talk to us →Ready to fund your company's future?
Start your Canadian business funding application online. An advisor will review your needs and explain any available lender offers.