Driven

What does Driven offer?

Driven offers a fixed term loan over three to 24 months with daily or weekly payments and a revolving line of credit, both from $10,000 to $500,000. Express funding up to $25,000 is a faster, lighter version for small needs. Security varies by facility. Pricing is expressed in cents on the dollar, published from 3.9 cents, which means a set cost per dollar borrowed rather than an interest rate. Driven publishes more than $1 billion deployed to over 17,000 businesses, as a company figure.

Who does Driven fund, and who do they decline?

Driven funds established Canadian small businesses across more than 300 industries, with restaurants, construction, retail, grocery, health and beauty, ecommerce and manufacturing named. Its published guidance is annual revenue above $120,000.

It does not publish decline criteria or a credit score minimum. Daily or weekly payments mean it needs consistent deposits, so a business with long gaps between receipts is a poor fit. Very new businesses under the revenue guidance should look at our page on financing under one year. Businesses outside Canada are not eligible.

What does it typically cost and how fast is it?

Driven publishes a starting price of 3.9 cents on the dollar, meaning the lowest cost is $3.90 per $100 borrowed over the term, with your actual price set per file. Cents on the dollar is not an APR: a short term makes the annual rate much higher than the figure suggests, so convert it with our APR versus factor rate guide and compare with the typical range on our short term loan page. Funding speed is not published beyond the express option.

What will you need to apply?

Expect three to six months of business bank statements, a void cheque, owner ID, your business number and incorporation documents, and for larger amounts recent financial statements or a tax return. Our document checklist covers the full list so you can apply once and reuse it.

How does Driven compare with similar lenders?

Journey Capital in Montreal offers the same $10,000 to $500,000 range with a term loan over six to 24 months, a line of credit and a cash advance, and serves customers in French and English. Merchant Growth in Vancouver goes to $1 million on term financing and publishes a disclosed cost with no compounding. The three overlap closely, so compare the quoted cents on the dollar or factor rate, the payment frequency and the term.

How to apply

Apply once on this site and matching shows whether Driven, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our MCP server. A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.