Driven
4.95
Updated
Sep, 2026
Our Score
Cost
10.0/10
Experience
9.8/10
Flexibility
10.0/10
Support
9.9/10
Sheaves Capital
4.7
Updated
Sep, 2026
Our Score
Cost
9.0/10
Experience
9.7/10
Flexibility
9.1/10
Support
9.8/10
Loan Details
Minimum Loan Amount
The minimum loan amount is the smallest sum a lender allows borrowers to apply for.
$10,000
$5,000
Maximum Loan Amount
The maximum loan amount is the largest sum available to qualified borrowers from the lender.
$300,000
$150,000
Minimum Loan Term
The minimum loan term is the shortest repayment period offered by the lender.
3 months
6 months
Maximum Loan Term
The maximum loan term is the longest repayment period available for a given loan.
2 years
10 years
Minimum APR
The minimum APR represents the lowest possible interest rate available to qualified applicants.
3.99%
12.99%
Maximum APR
The maximum APR represents the highest potential interest rate a borrower could receive.
49.99%
49.99%
Minimum Processing Time
The minimum processing time is the fastest period in which a lender can review and approve a loan.
1 hour
1 hour
Maximum Processing Time
The maximum processing time is the longest duration a lender may take to finalize a loan decision.
24 hours
24 hours
Startups
Startups are newly established businesses that may qualify for loans designed to support early growth, cover initial expenses, or fund expansion opportunities.
Yes
Yes
Same-Day Approval
Startups are newly established businesses that may qualify for loans designed to support early growth, cover initial expenses, or fund expansion opportunities.
Yes
Yes
Same-Day Funding
Same-day funding means approved funds are deposited into your account on the same day as approval.
Yes
Yes
Bankruptcy Friendly
Same-day funding means approved funds are deposited into your account on the same day as approval.
No
No
Consumer Proposal Friendly
Consumer proposal-friendly loans are open to borrowers currently under or who have completed a consumer proposal.
No
No
Debt Consolidation Friendly
Debt consolidation-friendly loans allow borrowers to combine multiple debts into a single manageable payment.
No
No
Flexible Repayment
Flexible repayment allows borrowers to choose or adjust repayment schedules to fit their budget.
Yes
Yes
Loan Requirements
Minimum Credit Score
The minimum credit score is the baseline score required to qualify for a loan.
600
600
Maximum Credit Score
The maximum credit score typically accepted or considered for the best loan terms.
900
900
Minimum Monthly Income
The minimum monthly income is the lowest income required each month to qualify for a loan.
$10,000
$10,000
Minimum Yearly Income
The minimum monthly income is the lowest income required each month to qualify for a loan.
$120,000
$120,000
Minimum Time in Business
The minimum time period your business must have been operating before applying.
6 months
6 months
Minimum Age
The minimum age is the youngest age at which an applicant is eligible to apply for a loan.
18
18
Canadian Bank Account
A Canadian bank account is required to verify identity and receive approved loan funds.
Yes
Yes
Deposit Methods
Bank Deposit
Bank deposit means loan funds are sent directly to your Canadian bank account.
Yes
Yes
E-Transfer Deposit
E-transfer deposit means funds are delivered quickly via secure Interac e-Transfer.
Yes
Yes
Revolut Deposit
Revolut deposit allows funds to be sent directly to your Revolut digital banking account.
No
No
Paypal Deposit
PayPal deposit means funds are transferred to your linked PayPal account for easy access.
No
No
Wise Deposit
Wise deposit means your loan funds are transferred through the Wise money transfer platform.
No
No
Fees
Membership Fee
A membership fee is a one-time or recurring charge required to access the lender’s services.
$0
$0
Missed Payment Fee
A missed payment fee is charged when a scheduled loan payment is not made on time.
$0
$0
Platform
Broker
A broker connects borrowers with multiple lenders to find suitable loan options.
No
No
Direct Lender
A direct lender provides loan funds directly without involving third-party brokers.
Yes
Yes
Website
The website is the lender’s online platform for applying, managing, or learning about loans.
Yes
Yes
Mobile App
The mobile app allows borrowers to apply for and manage their loans conveniently from a phone.
No
No
24/7 Support
24/7 support ensures customer assistance is available at any time, day or night.
No
No
Chat Support
Chat support lets borrowers communicate with customer service through live or automated online chat.
No
No
Online Application
An online application allows you to apply for a loan digitally from any device.
Yes
Yes
Overview of Driven vs Sheaves Capital
Driven and Sheaves Capital are Canadian business loan lenders. Driven provides short to medium term loans while Sheaves Capital provides long term loans as well.
Is Driven better than Sheaves Capital?
Driven is a great option if you need funds for up to 2 years while Sheaves Capital is the better option if you need longer loan terms up to 10 years.
Is Driven cheaper than Sheaves Capital?
Driven and Sheaves Capital charge similar rates so it’s impossible to say which one is cheaper. You’ll have to compare quotes to get the best rate.
Pros and cons of Driven vs Sheaves Capital
Here are some of the pros of Driven vs Sheaves Capital business loans:
- Competitive interest rates
- Convenient funding process
Here are some cons of Driven vs Sheaves Capital business loans:
- Driven loan terms are capped at 2 years
Key differences between Driven and Sheaves Capital
The key difference between Driven and Sheaves Capital business loans are the available loan term duration. Driven loans are capped at 2 years while Sheaves Capital can lend you funds for up to 10 years.
