Term loans run from $25,000 to $500,000 over 3 to 60 months. The application also covers merchant cash advances, business lines of credit and equipment financing, with amounts up to $2,000,000 selectable.
Shop Finance is a Montreal-based financing platform for small businesses in Quebec. Its core product is a fixed-payment term loan of $25,000 to $2,000,000 over 3 to 60 months, and the same application covers merchant cash advances, business lines of credit and equipment financing across that range. Invoice factoring, commercial mortgages and R&D grant support are offered through partners.
The process is fully online. An application takes about ten minutes, a decision arrives within 48 business hours, and funds move by direct deposit the same day the agreement is e-signed. Underwriting is read by an analyst rather than run as pure automation, and three to six months of business bank statements carry most files; financial statements are requested only on larger amounts.
Shop Finance publishes its eligibility criteria in full, which is uncommon. A business qualifies with six months of operating history, average monthly sales of $10,000, Canadian incorporation or registration, an active business bank account and no active bankruptcy. The applying owner must be a Canadian resident holding at least 25 percent of the company. Service runs in French and English.
Products Offered
Contact information
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info@shopfinance.ca
Availability:
QuebecSupport Offered:
- Online application
- Dedicated advisor
Frequently Asked Questions About Shop Finance
How much can I borrow from Shop Finance?
What does a business need to qualify?
Six months in operation, average monthly sales of $10,000, Canadian incorporation or registration, an active business bank account and no active bankruptcy. The applying owner must be a Canadian resident holding at least 25 percent of the company.
What documents does Shop Finance ask for?
Three to six recent business bank statements, government photo ID for the principal owner, and the business number, address and sector. Financial statements are requested only on larger amounts.
Does Shop Finance check my credit?
Yes, with your consent, at the evaluation stage. Submitting an application carries no obligation and no cost.
Where does Shop Finance operate?
In Quebec, in French and English.
How fast does Shop Finance decide?
Within 48 business hours. An application takes about ten minutes, and a file is read by an analyst rather than scored automatically. Funds are sent by direct deposit to the business account the same day the agreement is e-signed.
Is Shop Finance a direct lender?
It works with lending partners and structures the offer to the business. It also arranges invoice factoring, commercial mortgages and R&D grant support through partners. The application, the decision and the advisor relationship all run through Shop Finance's Montreal-based bilingual team.
Can I repay a Shop Finance loan early?
Yes, without penalty. Repaying early can reduce the remaining cost of borrowing by up to 60 percent.
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