What to Expect When Applying for Business Financing with EBF
Starting your journey with a lender shouldn’t feel overwhelming—and at Express Business Funding (EBF), it isn’t. If you are looking for options besides traditional bank loans, this guide is for you. It explains what to expect from the onboarding process with EBF as your financing partner.
👉 Explore our Services page for more about how EBF supports Canadian businesses.
Key Takeaways:
- Fast and Flexible Start: Begin with a quick form or full application—whichever suits your readiness.
- Tailored Financing Offers: EBF creates custom term sheets based on your business’s financial profile.
- Transparent Process: A dedicated team clearly explains and handles every step, from document collection to final approval.
- Efficient Turnaround: Onboarding typically completes within 10–20 business days, allowing faster access to working capital.
- Clear Eligibility Criteria: This is best for Canadian businesses that make over $3.5 million each year. They should also have a minimum factoring volume of $350,000 per month.
Step 1 – Choose How You Start the Application
Unlike traditional lenders, EBF doesn’t require endless paperwork or weeks of back-and-forth. You have two simple ways to get started:
Option 1: Connect with a Business Development Manager
Complete our quick contact form, and one of our experienced advisors will reach out to discuss your business needs. We only ask for essential details to get the conversation started.
Option 2: Start the Full Application
Ready to apply now? Fill out the full application here, providing us with the necessary documents and information to fast-track your approval. This direct route is ideal if you already know EBF is the right fit.
Step 2 – Onboarding and Approval
Once we get your application, we might ask for some extra documents. This could include payment histories or details about your assets.
After reviewing your application, we’ll issue a customized term sheet tailored to your business. This document outlines your financing terms clearly and is the foundation of a long-term, mutually beneficial relationship.
You’ll have time to review and discuss the terms with your dedicated account manager. Once accepted, we begin due diligence:
- Legal team drafts agreements
- Credit and PPSA checks are completed
- An on-site visit is scheduled to meet your team and verify details
- Final agreements are signed and financing begins
The full onboarding process typically takes 10–20 business days, depending on complexity and your responsiveness.
Understanding EBF’s Financing Terms
EBF offers some of the most competitive and flexible terms in the Canadian alternative lending space. Each offer is tailored using a risk profile based on factors like:
- Annual revenue
- Customer diversification and credit quality
- Profitability
- Organizational and operational strength
This allows us to offer responsible financing that meets your needs without compromising stability.
Who We Can (and Can’t) Finance
We’re committed to funding businesses with strong fundamentals. Please consider the following criteria:
- Minimum Factoring Volume: $350,000 CAD/month for invoice factoring
- Minimum Revenue: Typically $3.5 million CAD/year with 12+ months of revenue history
- Industry Fit: While industry-agnostic, we do not finance:
- Cross-continental logistics
- Restaurants and food service
- Media and entertainment (film/music)
We look at each applicant individually. Startups with no operating history or unstable businesses may not qualify.
Are you ready to start?
If your business meets the criteria and you’re ready to explore a smarter, faster way to access working capital, book a meeting with Gareth Bird, our Chief Growth Officer to learn more.
