Capital Canal made it to our list as one of the most recommended online lender. Since Capital Canal does not operate as a direct lender, but rather works with a network of several private lenders, it has a great advantage in providing different commercial loan offers for small and medium-sized businesses with greater flexibility and a much higher approval rate.
The reason, and part of their vision, that Capital Canal focus so much on facilitating access to funds for small businesses is for the positive impact it can bring on local communities. For that same reason, they are very lax on the requirements. For example, most borrowers only need a minimum 500 credit score and gross monthly sales of at least $4,500.
If you qualify for a commercial loan, your business could get funding between $5,000 to $2,500,000 through various financing programs with friendly terms ranging from 3 months for short-term commercial loans up to 10 years for SBA loans. To top it off, an easy online application form can pre-approve your business in less than 5 minutes.
Capital Canal Business Loan Types
It should be emphasized that Capital Canal is not a direct lender, but a matching network, thus offering different loan products based on a business requirements as well as its overall financial health and the credit history of the business owner. Among the types of Capital Canal loans, you can find the following:
- Short Term Loans
- Long Term Loans
- Commercial Credit Lines
- Commercial Cash Advance
- SBA Loans
- Start-Ups Loans
- Commercial loans with collateral
- Loans for Real Estate
2645 Executive Park Drive Suite 311 Weston, FL 33331
Since Capital Canal incursion into our online lenders ranking, we have received many questions and inquiries, so we suggest using the comment form below. To fill out the loan application form, you only need to fill out basic personal and business contact information. During the pre-approval stage, you will not need to provide your social security number or your personal credit information. This has undoubtedly made the process more transparent and increased confidence in Canal Canal consumers.
Due to the different loan programs that Capital Canal offers, any small business can be greatly benefited for whatever the loan need is: working capital, purchase of equipment or machinery, purchase of inventory, renovation or repair, business expansion, acquisition of another business or purchase of franchise, increase of budget for advertising, hiring, or simply to have cash flow.
Small business loans from $5,000 to $2,500,000 with terms from 3 months up to 10 years and APR as low 4.7%.