Frequently Asked Questions
How much working capital can I apply for?
We provide working capital loans from as low as $5,000 up to $800,000.
Do you fund startups?
Your business must be operational for a minimum of 6 months before applying.
If I have a low personal credit score, can I still apply?
Ideally, your personal credit score should be above 550. However, other factors, such as business revenue, time in business and the overall health of your company, often have an even greater impact on approval. We still encourage you to apply, or at the very least, speak with one of our representatives to discuss the best options for you and your business.
Are there any restrictions on the use of the working capital?
What information or documents are required to apply?
It may depend on the type of funding you’re applying for, however we will typically require six months of business bank statements, a copy of your driver’s license, a void cheque or deposit form, and a completed application with basic information about your business and its owner(s).
If I've already received working capital, can I get more?
Yes, once you’ve repaid at least 50% of your original advance, you become eligible to apply for a renewal. In many cases, the renewal amount may also increase from the amount you received originally.
If I have a loan with a different company, can I still apply with Cloud 9 Capital?
Yes, as long as your business revenues are strong, you may still qualify for additional working capital, even if you have a loan with another company.
Can I pay off my working capital in full before the end of the term?
Yes, you can repay your working capital in full before the end of the term. You may also qualify for an early repayment discount. Please speak with one of our representatives for full details and eligibility.
How is a Business Line of Credit different than a credit card?
Have Any Questions?
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