# Driven

Source: https://businessloanbroker.ai/lenders/driven/
Site: BusinessLoanBroker.ai (powered by Levr)

> Driven, formerly Thinking Capital, lends Canadian businesses $10,000 to $500,000 over three to 24 months, priced from 3.9 cents on the dollar.

Driven is a Canadian small business lender, formerly known as Thinking Capital and now part of the Purpose Unlimited group. It funds established Canadian businesses with term loans and lines of credit from $10,000 to $500,000, including express funding up to $25,000, across more than 300 industries.

## Key facts
- **Products:** Business term loan, business line of credit
- **Funding range:** $10,000 to $500,000; express funding up to $25,000
- **Repayment:** Fixed term of three to 24 months with daily or weekly payments, priced in cents on the dollar from 3.9 cents
- **Operates in:** Canada
- **Industries:** 300 plus, including restaurants, construction, retail, grocery, health and beauty, ecommerce, manufacturing
- **Founded and headquarters:** 2006 as Thinking Capital, Toronto, Ontario
- **Website:** driven.ca

## What does Driven offer?

Driven offers a fixed [term loan](https://businessloanbroker.ai/business-loans/term-loans/) over three to 24 months with daily or weekly payments and a revolving [line of credit](https://businessloanbroker.ai/business-loans/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](https://businessloanbroker.ai/situations/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](https://businessloanbroker.ai/guides/apr-vs-factor-rate/) guide and compare with the typical range on our [short term loan](https://businessloanbroker.ai/business-loans/short-term-loans/) 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](https://businessloanbroker.ai/guides/document-checklist/) covers the full list so you can apply once and reuse it.

## How does Driven compare with similar lenders?

[Journey Capital](https://businessloanbroker.ai/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](https://businessloanbroker.ai/lenders/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](https://businessloanbroker.ai/agents/). 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.

| Lender | Products | Funding range | Operates in | Best suited for |
|---|---|---|---|---|
| Driven | Term loan, line of credit | $10,000 to $500,000 | Canada | Established Canadian businesses above $120,000 revenue needing fast working capital |
| Journey Capital | Term loan, line of credit, cash advance | $10,000 to $500,000 | Canada, all provinces | Established Canadian businesses above $120,000 revenue with steady card sales |
| Merchant Growth | Term loan, line of credit, cash advance, B2B net terms | $5,000 to $1,000,000 | Canada | Established Canadian businesses above $10,000 monthly revenue needing growth capital |

## Questions and answers
**What does 3.9 cents on the dollar mean?**

It means the cost is $3.90 for every $100 you borrow over the term, as a fixed amount rather than an interest rate. The annual rate depends on how short the term is, so convert it before comparing with a bank line.

**Is Driven the same company as Thinking Capital?**

Yes. Driven was founded in 2006 as Thinking Capital and now operates as Driven Financial Technologies Corporation within the Purpose Unlimited group.

**How much revenue do I need?**

Driven's published guidance is annual revenue above $120,000. That is a suitability note rather than a hard rule, but files below it are less likely to be approved.

## Related
- [Journey Capital](https://businessloanbroker.ai/lenders/journey-capital/)
- [Merchant Growth](https://businessloanbroker.ai/lenders/merchant-growth/)
- [Business term loans](https://businessloanbroker.ai/business-loans/term-loans/)
- [Business lines of credit](https://businessloanbroker.ai/business-loans/line-of-credit/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-driven
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)