What can you do for me?

We help you get working capital quickly to build your business. The problem in Canada is that many amazing small businesses aren’t being serviced by the banks. They say they want to help you, but they rarely ever do. So we’re here to help find the right private lender for your needs. We absolutely love helping our clients get the money they need fast.

As an aggregator of funding companies, Kommunity sources out the best rates and working capital terms for your business needs. We work with companies all over Canada to bring you the best options available.

We service Canadian businesses operating for at least 6 months who have total monthly sales averaging $15,000 or more. Please note that we don’t fund start-up companies.

What do I really need to qualify for a merchant cash advance?

You need to be operational for at least 6 months before a lender will work with you. However, if you have purchased an existing business and have been operating it under new management for at least 2 months, give us a call and we will help you access quick working capital. 

Why should you deal with Kommunity Financial?

We are absolutely focused on representing you. Our job is to get you the quickest and best rate from all the private funders in the market with the best re-payment terms for you. We do all the research and work so that you can concentrate on what you do best - running your business. We make the entire process as simple as possible.

What kind of programs do we offer?

There are 2 kinds of cash advance funding available:

Merchant Cash Advance

A merchant cash advance is the purchase of future credit card or debit card sales and is not a loan product. It has no maturity date of fixed payments.

This program is for merchants that have a minimum of $15,000 in consistent monthly sales. Call us and we will be pleased to answer all your questions. 

Business Loan

A business loan has fixed payments and a maturity date.

This program is for business owners that have cash and direct deposit transactions totalling a minimum of $15,000 in consistent monthly sales. Talk to us for more details.

Why do businesses seek out this type of funding instead of going to multi–national banking institutions?

Our funders fill a gap because large financial institutions will rarely ever help a small business. They simply don’t care about you. They put your business in a segment where they think it’s too risky to lend you money. Smaller lenders are different. They’re focused on a business like yours. They’re more flexible and look at other key variables such as your past customer base to determine how much money you’re eligible for.

How much do I qualify for and how fast can I expect to receive funds?

Eligibility is based on your past historical sales data, type of industry, location, industry experience etc. A quick online no-obligation application easily completed in a few minutes will provide you with options to review.

Funding typically occurs 3 to 5 business days after the application has been submitted. We know there’s often a sense of urgency to get the funds you need, so we’re committed to getting you the money you need quickly.

What types of industries can apply?

We work with many industries such as restaurants, retail stores, coffee shops, auto body repair shops, professional offices (i.e. Doctors, Lawyers), spas & salons, pet stores, light manufacturing etc. 

Different lenders tend to favour specific industries over others. That’s actually a good thing since that lender will understand your business model better. This is another service we offer in matching the right lender that fits your business type.

I hear that a merchant advance and fixed loan program costs more than traditional financial institutions loans, why?

Our network of funders take all the financial risk without securing against any specific assets. Costs associated with funding small businesses include a very quick turn around (anywhere between 3 to 10 days), and for most offers we won’t even ask you for financials or the underwriting, commissions and administrative costs compiled with opening and managing of a file which all contribute to the higher cost of cash. 

If I sign for one of the programs that Kommunity provides, am I free to pay out my balance at any time?

Yes, all the lenders we represent in Canada allow our customers to pay their balance at any time without any penalty, hidden charges or cancellation fees. 

What if I start a program and need more funds down the road? Can I still deal with Kommunity Cash?

Yes, most lenders have a re-advance policy, which means you can apply for more working capital after you have repaid a specific percentage of the program cost. Re-advances vary from one company to the next. We will help you understand which program best meets your needs. 

I have many more questions, who do I speak to?

JC Keith is our VP of Client Services. She has over 30 years of client experience and knows how to get a deal done. JC will ensure that all your questions are answered quickly. Call 1 (800) 598-1850 ext 1 today to find out how Kommunity Financial can be one of your building blocks to success.