Funding Guidelines CANADA :
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Funding Terms between 63 -126 Business Days (3-6 months)
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Sales Volume Requirement: $10,000 monthly minimum
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Minimum funding amount: $5,000
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We are not Credit driven, we fund low Credit Scores
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Revenue based Funder, if merchant has sales volume, we fund!
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Funding up to 250,000$
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Soft offers in 1-2 hours!
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Funding released in 1-2 days!
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We Stack up to 5th position
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We love out of the box deals, send them over for review!
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Commissions paid same day as funding, earn up to 12%!
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1.325 – 1.499 Buy Rate Programs
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Preferred Pricing Available for Qualified merchants
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Request E-Sign Contracts Directly from our Portal
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Merchants qualify for renewal when balance reaches 50%
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Automated Renewal Process, get paid same % as new business!
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Dedicated Renewal Group
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Daily Reporting & Live Updates
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Automated Funding Process (E-sign & Funding updates)
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Syndication Opportunity & White Label for Qualified ISO’s
Prohibited Business Type CANADA:
*** We DO NOT FUND Businesses in QUEBEC ***
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Auto Sales
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Gas Stations
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Investment brokers
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Energy deals, anything with the word energy
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Insurance
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Tax Companies
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Mortgage Brokers
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Staffing
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Vapor Shops
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Attorneys
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Farms/ Produce
Funding Guidelines USA :
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Funding Terms between 63 -126 Business Days (3-6 months)
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Sales Volume Requirement: $30,000 monthly minimum
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Minimum funding amount: $20,000
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We are not Credit driven, we fund low Credit Scores
-
Revenue based Funder
-
Funding up to 500,000$
-
Soft offers in 1-2 hours!
-
Funding released in 1-2 days!
-
We Stack up to 5th position
-
We love out of the box deals, send them over for review!
-
Commissions paid same day as funding, earn up to 12%!
-
1.325 – 1.499 Buy Rate Programs
-
Preferred Pricing Available for Qualified merchants
-
Request E-Sign Contracts Directly from our Portal
-
Merchants qualify for renewal when balance reaches 50%
-
Automated Renewal Process, get paid same % as new business!
-
Dedicated Renewal Group
-
Daily Reporting & Live Updates
-
Automated Funding Process (E-sign & Funding updates)
-
Syndication Opportunity & White Label for Qualified ISO’s
Prohibited Business Type USA:
*** We DO NOT FUND Businesses in CALIFORNIA, MONTANA, PUERTO RICO, UTAH, HAWAI ***
***COJ Required for New York***
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Auto Sales
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Gas Stations
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Investment brokers
-
Energy deals, anything with the word energy
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Insurance
-
Tax Companies
-
Mortgage Brokers
-
Staffing
-
Vapor Shops
-
Attorneys
-
Farms/ Produce
HOW OUR DEAL FLOW WORKS AND WHAT YOU NEED TO KNOW…
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New Submission, email notification acknowledging receipt of a new deal.
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Pending Items, you may receive an email requesting additional items. Simply reply to email with documents and/or clarification. Daily email reminder notification e-mailed for pending items.
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Declines we include reason along with a detailed explanation. You can challenge our decision, reply to email with valid comments.
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Approvals will include max funding amount, term, payment along with a repayment method (daily/weekly). Click on Review Offers to access portal and adjust offers and commission.
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Contract Request, access portal via approval email to request agreements. Portal allows you to adjust terms, modify terms, re-send agreements and view document status. Documents are sent via E-signature to all parties.
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Funding Process, once agreements are signed by all parties, you will receive a notification email, you can download your copy. Deal will be moved to Final Review, notifications and email alerts will guide you through funding process.
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Funded, you will receive a confirmation email with funding terms, along with a commission payment notification.
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Renewal, our dedicated renewal group handles the process. Merchants become eligible for additional funding, when balance is 50% paid and contract performance on schedule.
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Reporting, Inventory Reports along with Portfolio Performance are emailed daily.
SUBMISSION REQUIREMENTS:
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Completed Working Capital Application
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Most recent 3 months of bank statements or Bank Connect (we will email you a link to connect merchant’s bank account)
Submit your deals directly to: apps@canacap.ca
RENEWAL REQUIREMENTS:
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Most recent 3 months of bank statements or Bank Connect (we will email you a link to connect merchant’s bank account)
Submit your deals directly to: apps@canacap.ca
NEED HIGHER FUNDING AMOUNT:
Reply to Approval email and request an offer Revision, you will need to provide a valid explanation via email to: funding@canacap.ca
REQUEST AGREEMENTS:
Click Review Offers to Access Portal. Select offer you want contracts for (adjust funded amount, payment, buy & sell rate and commission). Electronic agreements sent to all parties in seconds…
You may receive an email notification requesting additional items in order to release contracts. Follow the steps in portal and update missing items.
Request contracts and assistance to: sales@canacap.ca
APPROVAL POLICY – NO EXCLUSIVITY:
Every ISO submitting a deal will receive the same terms. The first ISO that signs agreements and submits stips within 10 days, will be compensated.
Commission Clawback Policy:
Furthermore, should merchant default within 45 days from the date of funding Agent shall reimburse CCP Advance INC the full compensation received within 10 business days following CCP Advance INC request.Should merchant default within 45 days from the date of funding Agent shall reimburse the full compensation received within 10 business days following request.
Renewal Exclusivity Policy:
If Canacap enters into a renewal agreement with a merchant within 60 Days of paid off date, agent will obtain full compensation, if the agreements date is after 60 days, agent no longer has Exclusive right on compensation unless agent has submitted the contract to Canacap directly.
Funded Policy – Exclusivity:
A merchant with an active funding contract belongs to the registered agent and remains protected for 60 Days after paid off date. Any agent may submit the deal 61 days after the paid off date.
FUNDING STIPS:
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Signed Contract (E-signature)
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Void check
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Drivers license (all owners)
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Bank Connect or MTD Banking Transactions
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Funding Call
Request Funding updates at: funding@canacap.ca
IMPORTANT EMAIL ADDRESSES….
Submit Applications: apps@canacap.ca
Contract requests: sales@canacap.ca
Funding updates: funding@canacap.ca
Merchant Statements: accounting@canacap.ca
We look forward to building a strong relationship!
Remember we are here to assist you and your merchants throughout the process!