Banking relationships
Canadian business finance that does not require moving your bank
24 providers publish no requirement to hold an account with them first — relevant because a bank-relationship condition rules a facility out regardless of how well the business qualifies otherwise.
For Canadian businesses that do not want to move their operating accounts to access financing.
| Provider | Published cost | What it measures | Term | Funding speed | Published criteria |
|---|---|---|---|---|---|
| Desjardins Factor | 0.5%–2.5% | Discount fee | Per trade cycle | 2–4 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Accord Financial | 1%–3% | Discount fee | Per trade cycle | 1–2 weeks | Requires $500,000+ in annual revenue. |
| BDC Factor | 1%–3% | Discount fee | Per trade cycle | 2–4 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| CIT CA Factor | 1%–2.5% | Discount fee | Per trade cycle | 1–3 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Coface CA | 1%–2.5% | Discount fee | Per trade cycle | 1–2 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Coface CA | 1%–3% | Discount fee | Per trade cycle | 1–2 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| eCapital CA | 1%–3% | Discount fee | Per trade cycle | 24–48 hours | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Liquid Capital | 1%–3% | Discount fee | Per trade cycle | 48 hours | Requires $50,000+ in annual revenue. |
| PayPal CA Working Cap | 1%–12% | Discount fee | Auto | 24 hours | Published criteria do not state a minimum revenue, trading history, or credit score. |
| RBC Business Loan | Prime + 1%–4% | Spread over prime | 1–10 years | 2–4 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| RBC Business LOC | Prime + 1%–4% | Spread over prime | Revolving | 1–2 weeks | Requires at least 2 years in business. |
| Scotiabank Business | Prime + 1%–4% | Spread over prime | Revolving | 1–2 weeks | Requires at least 2 years in business. |
| Scotiabank Equipment | Prime + 1%–5% | Spread over prime | 2–7 years | 2–4 weeks | Requires at least 2 years in business. |
| Scotiabank Term | Prime + 1%–5% | Spread over prime | 1–10 years | 2–4 weeks | Requires at least 2 years in business. |
| Wells Fargo CA | 1%–2.5% | Discount fee | Per trade cycle | 2–4 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Bibby CA | 1.5%–3% | Discount fee | Per trade cycle | 48 hours to 1 week | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Breakout Capital CA | 1.5%–3.5% | Discount fee | Per trade cycle | 48 hours | Published criteria do not state a minimum revenue, trading history, or credit score. |
| CIT CA Trade | 1.5%–3.5% | Discount fee | Per trade cycle | 2–4 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Express Trade Capital CA | 1.5%–3% | Discount fee | Per trade cycle | 48 hours to 1 week | Published criteria do not state a minimum revenue, trading history, or credit score. |
| IFS (Invoice Factoring Solutions) | 1.5%–3% | Discount fee | Per trade cycle | 48 hours | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Sallyport Commercial | 1.5%–3% | Discount fee | Per trade cycle | 48 hours to 1 week | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Tradewind CA | 1.5%–3.5% | Discount fee | Per trade cycle | 1–2 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| Accord Financial PO | 2%–4% | Discount fee | Per trade cycle | 1–2 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
| ATB Financial | Prime + 2%–5% | Spread over prime | Revolving | 1–2 weeks | Published criteria do not state a minimum revenue, trading history, or credit score. |
These costs are quoted on different bases and are not directly comparable
- Discount fee
- Charged per invoice or trade cycle rather than per year. A fee that looks small can annualise into a much larger number when cycles repeat through the year.
- Spread over prime
- Quoted as a margin above the lender's prime rate, so the all-in cost moves with prime.
What this filter actually selects for
An existing-relationship requirement is a practical gate rather than a credit one. It does not assess the business at all: it simply excludes anyone who is not already a customer. For a business weighing options, that distinction matters, because the condition can be satisfied only by moving accounts — a project with its own cost, disruption, and timeline.
Switching banking to access a facility is occasionally worth it and frequently not. The relevant comparison is the full cost of the move — payment reroutes, integration rework, staff time, and the loss of an established credit history with the incumbent — set against the pricing difference over the life of the facility.
- Providers matching: 24
- Product types represented: 6
- Distinct cost conventions in this table: 2
- Catalogue reviewed: Q1 2026
Reading costs across different products
This page cuts across product types, which means the cost column contains quantities that are not directly comparable with one another. 2 different quoting conventions appear below. A fee charged per invoice cycle and a rate charged annually can show the same number and differ by an order of magnitude in what they actually cost.
The basis is shown against every figure for that reason. Comparing within a basis is meaningful; comparing across one is not, and any ranking that flattens them into a single "cheapest" column is producing a misleading answer confidently.
- Discount fee: Charged per invoice or trade cycle rather than per year. A fee that looks small can annualise into a much larger number when cycles repeat through the year.
- Spread over prime: Quoted as a margin above the lender's prime rate, so the all-in cost moves with prime.
Before acting on this list
Moving operating accounts to obtain financing concentrates two dependencies with one institution. Where that is unavoidable it should at least be deliberate, with the exit understood before the accounts move.
Caplift's assessment runs the same inputs a provider will — capacity, purpose, existing obligations, and the evidence behind the figures — and produces a readiness view and a structured comparison. It does not lend, and it does not decide. The decision stays with the business and its advisors.
Common questions
Questions businesses ask
Do Canadian business lenders require an existing bank account?
Many bank-owned facilities do. 24 providers in this catalogue publish no such requirement, spanning 6 product types. Independent and specialist providers are more likely to fund without an account relationship than incumbent banks.
Is switching banks worth it for better pricing?
Sometimes, but the comparison has to include the full cost of the move — rerouting payments, integration work, staff time, and losing an established history with the current bank — not just the rate difference. Over a short facility, the switching cost often exceeds the saving.
Do these providers still need bank statements?
Almost always. Not requiring an account relationship is different from not requiring bank data. Most will ask for several months of statements or a read-only account connection to verify cash flow, and clean, complete statements materially improve the terms available.
Does Caplift lend or receive a fee for these listings?
No. Caplift Financial Inc. is software and is not a lender. Providers are compared from published information, inclusion is not an endorsement or a recommendation, and appearing on this page does not indicate a commercial relationship with Caplift.
About this data, and its limits
- Figures are drawn from Caplift's Q1 2026 lender catalogue review and are indicative, not quotes. Curated from named Canadian lenders; confirm individual terms before relying on them.
- 24 providers match this filter across 6 product types. Providers that publish no cost, and those that publish no criterion relevant to this filter, are not shown — absence here is not evidence about a provider either way.
- Inclusion is not an endorsement, a recommendation, or an offer, and does not indicate a commercial relationship with Caplift. Pricing and criteria change without notice — confirm current terms directly with the provider before relying on them.
- Caplift compiles this information to the best of its ability from publicly available provider material, but does not guarantee that it is accurate, complete, or current, and accepts no liability for decisions made in reliance on it. Figures may be out of date or incorrect. Verify anything you intend to act on directly with the provider.
- Caplift Financial Inc. is not a lender and does not approve, originate, or guarantee financing. Nothing on this page is legal, financial, tax, accounting, or investment advice, and it should not be treated as a substitute for advice from a qualified professional who knows your circumstances.