Driven offers online loans for small businesses based in Canada, ranging from $5,000 to $300,000 with terms between 3 to 24 months. The application process is straightforward and quick; submit an online application, provide a valid government-issued ID, and complete online banking verification. Upon approval, funds can be transferred to your bank account on the same day. To qualify, your business must have a minimum FICO score of 600, an annual revenue of at least $120,000, and a dedicated business bank account in operation for at least 6 months. For example, if you borrow $5,000 for a term of 6 months, you will repay a total of $6,120, including a fee of $1,120.
Driven review
Driven is a financial solution provider that offers online loans to businesses based in Canada. The loan amounts range from $5,000 to a substantial $300,000, providing a flexible financial cushion for various business needs. The terms of these loans are equally accommodating, spanning from 3 months to 24 months.
Applying for a loan with Driven is a straightforward process. Prospective borrowers can submit an online application in under five minutes. The application requires a valid government-issued ID and completion of online banking verification. Once approved, the funds can be transferred to your bank account as soon as the same day via e-Transfer.
To qualify for a loan, your business must be based in Canada and have been operating for at least six months with a dedicated business bank account. Additionally, your FICO score should be a minimum of 600, and your annual revenue should be at least $120,000.
Driven also provides a clear table of repayments. For instance, if you borrow $5,000 with a term of 6 months, the total repayment amount would be $6,120, including a fee of $1,120. This transparency allows businesses to plan their finances effectively and avoid any unexpected costs.
In summary, Driven offers a flexible and accessible financial solution for businesses, with a simple application process, clear terms, and quick fund transfer. Whether you need a small boost of $5,000 or a larger sum of $300,000, Driven could be the financial partner your business needs.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 120 | $6 120 | 6 months |
If you will get the loan of $5.000 with the term of 6 months, your totally payment would be $6 120. The fee is $1 120.