Flex Funds Advance
Conquer seasonality with variable term financing.
Go with the flow. Financing built to work with the natural ebbs and flows of your business. From $5K-$300K1 in as little as 24 hours2.
Go with the flow. Your cash flow, to be exact.
Flexible
Repayment
A flexible repayment based on a % of your daily sales. Pay back faster when sales are strong and benefit from smaller payments when business slows down.
Fixed
Cost
Flex Funds is not a loan5, which means absolutely no interest. Your lending cost is fixed up front, no matter how long it takes you to repay your advance.
Clear
Pricing
We offer competitive rates compared to other online lenders, but we are more expensive than your bank. Our lending advisors will clearly explain how pricing4 works so you can make the best possible decision for your business.
Do more with Dual Financing.
Get where you’re going faster and bundle your Flex Funds Advance with a Business Line of Credit. Use your advance to prep for high season or fund planned projects. Use your Business Line of Credit for any unplanned expenses that come your way. Nothing can stop you now.
Steer things in the right direction with a Flex Funds Advance.
Get ready for your next busy season. Put your advance to work for a variety of needs and get where you need to go, fast.
New Equipment
Expansion
Hire Staff
Major renovations
Purchase inventory
New signage
Funding your path forward is simple.
1
Apply online
Complete our online application to find out how much you qualify for. Applying is 100% risk free. There is no obligation to continue and applying will not affect your credit score.
2
Fast funding
Get up to $500,0001 in as little as 24 hours2,3. Your funds are deposited directly into your business bank and ready to use to move your business forward.
3
Automated repayments
We’re all about keeping things simple so we setup convenient automatic repayments for you. Choose from daily or weekly, whatever suits you best.
Flex Funds Advance FAQ
A Flex Funds Advance, also known as a merchant cash advance, provides upfront capital in exchange for a portion of your future daily or weekly sales. It’s a fast, flexible way to access funds when you need them.
It’s a great option for businesses with strong daily or weekly sales, such as restaurants, retailers, or service providers, especially if your credit history is less than perfect.
We typically look for at least 6 months of business operations and consistent monthly revenue. Your sales volume matters more than your credit score.
Repayments are automatically made through a small, fixed percentage of your daily or weekly credit card sales. The amount adjusts based on your revenue.
Because repayments are based on your sales, your payments will automatically decrease during slower periods, giving you more breathing room.
Many Flex Funds Advances are approved and funded within 24 to 48 hours after applying.
Yes, Journey Capital supports Dual-Financing, so you may still qualify for a Flex Funds Advance even while repaying a Business Line of Credit.
Unlike a Term Loan, a Flex Funds Advance adjusts with your sales instead of using fixed payments, and it’s typically faster and easier to qualify for. Learn more about our Business Term Loan.
A Flex Funds Advance is repaid automatically through sales, while a line of credit is revolving and repaid on a fixed schedule. Learn more about our Business Line of Credit.
You’ll usually need to submit recent bank statements, sales data, and basic business information. The process is simple and all online.
Trusted by thousands of Canadian business owners just like you.
Funding subject to lender approval.
1 Financing above $300,000 may require additional security as collateral and are subject to additional approvals.
2 On average, file processing can take 24-72 hours.
3 On average, funds are transferred within 24 hours upon receipt of an accepted financing contract.
4 Pricing for Flex Funds Advances ranges from 9%-35% factor rate (for each dollar borrowed, the amount of factor paid ranges from $0.09-$0.35). Lower factor rates available and may be offered to business with strong creditworthiness.
5 Flex Funds is not a loan but a sale of future credit and debit receivables.