Frequently Asked Questions

Most applicants receive a decision within a few hours of submitting their application. Once approved, funds are typically deposited within 24–48 business hours. The exact timeline depends on the lender and funding type.

Our initial matching process uses a soft credit inquiry, which does not impact your credit score. A hard inquiry may occur when a specific lender presents an offer and you choose to proceed.

Basic business information, 3–6 months of business bank statements, and government-issued ID. No complex financials or tax returns required for most products.

No. LendrIQ works with a wide range of business profiles, including those with less-than-perfect credit. Our network includes lenders who specialize in alternative credit assessment — looking at revenue, time in business, and other factors.

LendrIQ is a financing platform, not a direct lender. We match you with the best available lender from our network of 75+ partners. This means you get competitive options, faster decisions, and better terms — all in one place.

No. LendrIQ does not charge upfront fees. We earn a commission from lenders only after you're successfully funded. You never pay anything to apply or explore your options.

We serve businesses across virtually every major Canadian industry — retail, restaurants, construction, healthcare, transportation, manufacturing, and more. If you're a registered Canadian business with revenue history, we likely have options for you.