Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Corl

Advertiser Disclosure

About lender

Corl is a Canadian company providing loans to small businesses and start-ups. It was established in 2016 to alter the way enterprises raise capital eliminating the obstacles that hinder their growth. Corl has already invested in more than 60 start-ups and reached more than $35 million in capital investments.

The company provides lending services, but not conventional loans that customers must pay back in installments. Instead, Corl provides investments to small and new businesses free of high-interest rates or equity dilution prospects.

Unfortunately, Corl invests only in businesses with limited specialization. Corl's services are directed to technology, automation, or digital processes companies or businesses that have their revenue generated online.

Features

Corl is not a conventional lender. The company operates differently. It finances small businesses and start-ups on an interest-free basis to propel revenue generating.

Corl does not charge interest rates at all. Instead, 1-10% of a business's monthly gross revenue is shared with Corl, and the business keeps the remaining 90-99%. In addition, companies can end the agreement at any time by paying Corl a Buyout Amount between 1-3x the initial investment. However, if a business does not generate revenue, there will be no revenue-sharing payments to Corl.

In addition, on a case-by-case basis it also considers fixed loan agreements.

Another essential feature is that Corl will fund businesses that are not currently profitable.

Pros and cons

Corl has pros and cons that must be considered to help clients make balanced decisions.

Pros

  • Corl provides services that help small businesses raise capital;

  • Corl doesn’t offer conventional loans; instead, they invest in start-ups without charging interests;

  • The company’s eligibility requirements are not very strict;

  • Quick application and pre-approval;

  • Corl even finances companies that are not currently profitable;

  • If a business does not generate revenue, it is not obliged to pay Corl.

Cons

  • The company finances only the businesses that operate in technology and generate their revenue online, so not all start-ups can apply;

  • If a customer wants to end the cooperation with Corl, they will have to pay back 1-3x of the initial investment.

The company’s services will benefit small businesses and start-ups that need a primary investment. Also, the company doesn’t charge interest rates and is disposed to invest in companies that are not currently profitable.

However, there are some disadvantages. Not all companies can count on Corl’s investment. Finally, if a customer wants to finish the cooperation with Corl, they will need to pay back 1-3x of the initial investment.

Loan conditions

To apply, a customer must fill out the application form on the company's website. . Usually, filling it out takes less than 10 minutes, and pre-approval can be done within 24 hours. First, a customer will need to provide information about their business, and then they must wait for the company’s response.

The company invests in start-ups amounts from $10,000 to $1,000,000. It charges no interest rate but takes 1-10% of a business's monthly gross revenue.

A customer must be older than 18 years old and be a Canadian citizen to be approved. They also must provide Corl with the necessary personal data and information about their business. The client’s business must have a minimum of $20,000 in monthly revenue and a minimum of 6 months of revenue history.

Usually, the requested funds are received in 1-4 weeks. It is also important to note that if customers want to give up cooperating with Corl, they will have to pay back 1-3x of the initial investment.

There are fixed terms, no minimum payments, and no fees.

Methods of loan funding

The approval process starts as soon as a customer completes the application form. Upon approval, Corl will invest in the customer’s start-up. Corl does not specify its funding method.

Corl

FAQ

What is Corl?

Corl is a Canadian investor that specializes in supporting small businesses and start-ups. They provide small businesses with the necessary investments, and they receive 1-10% of the business’ monthly revenue in exchange. The company was founded in 2016 and invested in over 60 start-ups.

Who owns Corl?

Corl is owned and privately held by its owners and some investors (NAOS Finance, CFV Ventures, Connetic Ventures).

How do you qualify for Corl?

The client’s business must have a minimum of $20,000 monthly revenue and a minimum of 6 months' revenue history. Corl finances only revenue-generating activities and enterprises that can scale through technology, automation, or digital processes.

How much can you borrow from Corl?

Corl can invest the amount from $10,000 to $1,000,000.

Is it a legitimate company?

Corl is a legitimate company. It is a member of the Canadian Lenders Association.

Company documents

Terms of use
Privacy Policy

Get funding for a small percentage of your monthly revenue. No fixed terms. No minimum payments. No fees.

© Corl Financial Investments Inc.
Financial products
Corl
Business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$10,000-$1,000,000
Rate
i

Effective interest rate on the product

up to 10%
Term
i

Loan term for the financial product

up to 24 months
Similar products
Borrowell
Business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Lending Loop
Business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000-$500,000
Rate
i

Effective interest rate on the product

up to 24.93%
Term
i

Loan term for the financial product

up to 60 months
Driven
Small business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$300,000
Rate
i

Effective interest rate on the product

set individually
Term
i

Loan term for the financial product

up to 24 months
Farm Credit Canada
Equipment Financing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Spring Financial
The Foundation
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $1,500
Rate
i

Effective interest rate on the product

from 18.99%
Term
i

Loan term for the financial product

up to 12 months
Calculate loan payments in Corl

Corl calculator will allow you to calculate an approximate payment schedule for the loan

Corl calculator
Interest rates are given in accordance with the rates of the Corl of 21.05.2024
Loan amount
i

Enter the desired loan amount

CAD
CAD
USD
10000 C$
1000000 C$
Loan term
i

Specify the loan term for the calculation

months
days
12
24
Province
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Corl’s reviews by may 2024
Leave feedback
Similar companies
Urgent Loans
61 King suite 405 Montreal, Quebec H3C 2P1
Newstart
1801-1 Yonge St. Toronto, Ontario M5E 1W7
Fora Credit
PO Box 17071, Toronto, RPO Yonge-King, ON M5E 1Y2
+1 (888) 899-3672
AimFinance
355-4480 Chemin de la Côte-de-Liesse Mont-Royal, Québec H4N 2R1 Canada
+1 (888) 664-1982
Windmill Microlending
220 – 20th St W, Suite 210, Saskatoon SK S7M 0W9
+1 (855) 423-2262