Micro Capital review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Micro Capital is a Canadian business lending broker, and it suits established trading firms that need cash quickly rather than borrowers with thin files. Business lending runs 8% to 29% on amounts of CAD 5,000 to CAD 800,000, and once approval and the contract are done, funding can land the same day.

Key facts

Best for
Same-day funding for established Canadian trading firms.
APR
8% to 29% (Source, checked September 26, 2026)
Loan amount
CA$5,000 to CA$800,000 (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Same day, once approved and contract signed, direct to bank account (Source, checked September 26, 2026)
Representative example
Fixed term business loan: 150,000$ at 8% over 24 months, monthly payment 6,784.09$, total repaid 162,818.25$ (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
Canadian business, annual revenue of at least 120,000$, operating in Canada for at least 6 months, no active bankruptcy, personal credit score of at least 550, business credit score of at least 1300 (Source, checked September 26, 2026)
Loan types
Business, Credit-line (Source, checked September 26, 2026)
Credit needed
Fair (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Email (Source, checked September 26, 2026)
Features
Same-day funding, Credit line
Official website
microcapital.ca

Apps and profiles

Elsewhere
LinkedInfacebook.com

Pros and cons

Pros

  • Funding is same day once approval and the contract are done, sent straight to the business bank account.
  • Amounts of CAD 5,000 to CAD 800,000 cover both modest facilities and larger business loans from the same application.
  • Credit needed is fair, and soft prequal keeps a full credit file off the first step.
  • Both a term loan and a credit line are listed under business and credit line.

Cons

  • Support runs on email only, with no phone line or live chat listed for time sensitive questions.
  • The top of the 8% to 29% range sits well above the 12% median across the site.
  • Only business and credit line products appear under business and credit line, so there is nothing here for personal borrowing.
Micro Capital

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Scored 8.7 / 10 by BorrowCue.

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Who it suits

  • Established Canadian trading firms with a minimum revenue and credit record rather than start-ups.
  • Owners who need money the same day and can review and sign quickly.
  • Businesses that want a term loan and a credit line arranged through the same broker.

Who should look elsewhere

  • Personal borrowers. business and credit line lists business and credit line products only, so the closer comparison is Sofkredit at 10.74% to 18.06% or Cashspace at PHP 12 to PHP 36.
  • Borrowers weighing options outside Canada. Micro Capital works in Canada as a broker, while Cashspace quotes PHP 12 to PHP 36 and Creduma ES amounts from from €12,000 in other markets.

How Micro Capital compares

Where Micro Capital is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on a Micro Capital business loan?+

Business lending runs 8% to 29%, and as a broker the rate offered depends on the funder who takes the application. For context, the 12% median across loans on the site sits inside that range, so the upper end is well above typical. Ask for a written rate and its basis before signing.

How much can a business borrow through Micro Capital?+

Amounts cover CAD 5,000 to CAD 800,000, from a small facility for a specific cost to a much larger sum. The credit line option lets a business draw on a set limit rather than take the whole amount at once. Both products sit inside the business range rather than personal lending.

How quickly can money arrive?+

Funding is same day, once the application is approved and the contract signed, sent direct to the business bank account. Same-day funding is among the more common features on the site (82.9%), so speed is a genuine strength here, provided the paperwork is ready to sign.

What credit do I need to apply?+

Credit needed is fair, so a fair score is enough rather than an excellent one. Applications run on soft prequal, a soft prequalification, and the business still needs its own credit file. A hard check is the most common approach on the site (72.7%), so this is a lighter first step.

Who can apply for Micro Capital finance?+

Applicants must be Canadian businesses with at least a minimum annual revenue, a minimum period of trading in Canada, no active bankruptcy, a minimum personal credit score and a minimum business credit score. It suits established firms rather than start-ups, since revenue and trading history both count.

Can I get a credit line as well as a term loan?+

Yes. business and credit line covers both business loans and a credit line, and a credit line is listed among the features as well. A term loan suits a known single cost with a fixed repayment, while a line lets you draw funds as the year goes on instead of committing the full sum up front.

What will I repay over the life of the loan?+

The published example is a fixed term business loan at the bottom of the 8% to 29% range with equal monthly payments. Interest runs across the whole term, so the total repaid comes out above the amount borrowed. A larger balance, a longer term or a rate nearer the top of 8% to 29% all raise that total.

How do I get help with an application?+

Support runs on email, so email is the listed channel and no phone line or live chat appears alongside it. That matters most before signing, when a rate or fee needs explaining. Given the same-day funding promise, it is worth having questions answered in writing early.

Sources

  • microcapital.ca/en checked September 26, 2026

    Backs: Features, Loan types, Support channels

    “Lines of Credit From 5 000$ to 150 000$ Pay only for the amount that you use on this flexible credit line / receive your funds on the same day directly to your bank account”

  • microcapital.ca/en/about-us checked September 26, 2026

    Backs: Headquarters, Lender type

    “based in Montreal, Quebec”

  • microcapital.ca/en/business-emergency-loan checked September 26, 2026

    Backs: Credit check, Credit needed, Eligibility

    “you will be redirected to the pre-qualification quiz. If you meet our minimum requirements, you will then be asked to leave your information so that one of our agents can contact you”

  • microcapital.ca/en/business-loan checked September 26, 2026

    Backs: Loan amount, APR, Funding time, Representative example

    “Get a business loan from 5 000$ to 800 000$ in less than a few business days”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Arrangement fee.

Micro Capital

Micro Capital

Same-day funding for established Canadian trading firms.

8.7/10See alternatives

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