Compare before you commitCosts, terms and guarantees
Amounts and timing depend on eligibility, approval, a complete application, the product, and provider and bank processing. MicroCapital is a financing broker, not a lender.
01
Explain the issue and what has changed
Bad credit and low credit searches cover very different situations: a thin file, an error, late payments or an unresolved obligation. Obtain the information a provider will review and explain any disputed items. Prepare a factual account of the cause, the current balance and the steps already taken. Do not assume a product advertised for bad credit has no credit checks.
02
Demonstrate a realistic payment capacity
Build a forecast from recent sales and actual operating costs, not only a best-case growth target. Include existing financing, taxes and owner withdrawals. A smaller request or a staged purchase may produce a more manageable plan. Providers set their own credit and revenue requirements; MicroCapital does not promise approval or credit-score improvement.
03
Review expensive alternatives carefully
Compare the total borrowing cost, frequency of withdrawals, guarantees and default conditions. A daily collection can strain operating cash even when the advertised amount looks affordable. Ask what happens if sales fall and whether replacing existing debt would actually reduce total cost. Declining an unsuitable offer remains an option.
04
Explain the issue and what changed
Provide a short factual explanation of the credit issue, its timing and any steps taken to resolve it. Support improvements with records rather than projections alone. Compare total cost carefully and avoid assuming that expensive financing will repair credit.
05
Start with the cash you actually need
Build a use-of-funds budget before comparing offers. Separate one-time purchases from recurring expenses and identify when each payment is due. Requesting more than the project needs can add unnecessary cost; requesting too little can leave the project unfinished. Keep a reserve for ordinary operating expenses and compare the net amount you would receive after fees.
06
Compare the agreement, not just the headline number
Ask for a written breakdown of the total repayment, fees, payment frequency and term. Identify any security, personal guarantee, renewal condition or restriction on additional borrowing. Ask what happens if sales slow down or you repay early. A lower periodic payment is not necessarily a lower total cost; compare offers using the same requested amount and a realistic cash-flow forecast.
A little clarity
Good questions. Clear answers.
Are no-credit-check business loans guaranteed?+
No. Confirm what checks a provider performs and never treat advertising as an approval decision.
How much financing can I request?+
MicroCapital advertises business financing from $5,000 to $1,000,000. The amount available depends on the product, your business and the provider’s assessment. Request an amount supported by your budget rather than assuming the maximum will be offered.
What affects the time to receive funds?+
Funding in 24–48 hours is available for eligible, approved requests, subject to a complete application and provider and bank processing. Missing information, verification or product requirements can change the timing.
Can a new business apply without established revenue?+
Ask which products, if any, are available for your stage of business. A provider may require operating history or revenue; a forecast does not automatically replace those requirements. Explain the start-up budget and owner contribution clearly.
Is a personal guarantee or security required?+
Requirements differ by provider and agreement. Ask which business assets or personal obligations are involved and what happens if payments are missed. Review the actual agreement before accepting; a product label alone does not establish its security requirements.
What should I compare before accepting an offer?+
Compare net funds received, total repayment, fees, payment frequency, term and early repayment conditions. Include existing debt in your cash-flow forecast and ask for unclear terms in writing.
From $5,000 to $1,000,000. Funding in 24–48 hours.
Explore my options★★★★★4.9/5Trusted by 1,000+ Canadian businesses yearly
For eligible businesses, subject to approval and a complete application. Amounts, pricing and timing depend on the product, provider and bank processing.
