If you’re searching for business funding in Canada you’ve probably come across both Canada Capital and Canacap. The names are similar enough that people mix them up all the time. Business owners call asking for one and end up talking to the other. They’re both alternative lenders in Canada and they both work with businesses that banks turn down. But they operate very differently.
Who Is Canacap
Canacap has been around since 2006. They’re a direct funder which means the money comes from them. They advertise up to $800,000 in funding and they market on the fact that there are no broker fees because you’re dealing with them directly. Their products are unsecured meaning no collateral required. They have a few different programs depending on whether you’re a first time borrower or a returning client.
Who Is Canada Capital
Canada Capital launched in 2025. Newer company. But the executive team has deep experience in the lending space. The way Canada Capital works is different from most alternative lenders in Canada because we’re not limited to one funding source.
We do in house funding. But we also have relationships with multiple funders, investors, and lending partners across the country. So if our in house product doesn’t fit your deal we don’t just say no. We take it to our network and find something that does. Different rates, different terms, different structures depending on what your business needs.
We also do both unsecured and collateral based funding. Most alternative lenders only do one or the other. If you want small business capital based on your revenue with no collateral we do that. If you have property or equipment you want to leverage for higher amounts or better pricing we do that too.
Where It Gets Interesting
Canacap caps out at $800,000. That’s their ceiling. Through our partner network Canada Capital works with funders that go up to $5 million. Collateral deals can go even higher. If your business needs more capital than what a single direct funder can provide that’s where having a network behind you matters.
Canacap only does unsecured funding. If you want to put up collateral to access better terms or higher amounts that’s not something they offer. With Canada Capital, you’re not locked into one product type.
Speed
Both companies move faster than banks. Canacap says they can fund in as little as three hours for their express program. We’ve funded deals the same day the application came in. Speed wise they’re comparable. Neither one is going to make you wait weeks.
How We Handle Deals VS Canacap
We tell you the total cost, the payment schedule, and the term before you sign anything. Every number. We’ve talked to business owners who signed with lenders in the past and didn’t fully understand what the payments were going to look like. That’s not how we do things. You see every number before anything is signed. If you want to understand more about costs we wrote about it here.
So Which One
If your business needs straightforward unsecured funding under $800,000 and you want to work with a company that’s been around for a while Canacap is an option.
If you want access to multiple funding sources, both secured and unsecured products, amounts that go well beyond $800,000, and a team that’s upfront with you about everything, that’s what Canada Capital was built for. We’re straightforward with people. If a deal doesn’t make sense for your business we’ll tell you that even if it means we don’t make money on it.
More on how our process works here. Or if you’re ready apply here.
