Charge
High Limits.
Zero Complexity.
Access up to $3M+ in interest-free, unsecured credit1 and unlock the flexibility you need. Get approved in hours, not weeks.
Trusted by thousands of leading Canadian companies.†
Flexible capital that works as hard as you do
Access interest-free working capital with customizable payment terms to suit your business. Keep your cash earning up to 4% interest in Float and use credit to fund your daily operations.
$3M
Maximum Card Limit
24 hrs
Minimum Approval Time
Zero
Personal Guarantees
Requirements
Flexible capital with no interest
Float Charge offers customizable payment terms to suit your business. Access working capital in CAD and USD with no personal guarantees and no collateral required.
At least 12 months of operating funding in the bank or consistently profitable.
At least $75K cash (or equivalent, such as GICs or money market funds) on hand.
Find your perfect Float solution in 30 seconds
Float offers two powerful funding models—Pre-Funded and Charge. Our quick calculator matches you with the option that we believe best fits your spending and cash flow needs.2
Business Profile
Recommended Float Funding Model
Complete your business profile to see your results.
Benefits
More money, fewer problems
Float Charge gives you instant access to capital that evolves with your business. Pay suppliers, invest in growth, and manage cash flow—all without the burden of high interest rates, collateral, or guarantees.
Access capital seamlessly
Skip the bank runaround. Get working capital in hours, not weeks. Scale as you grow.
Manage your cash flow
Keep money in your business longer. Pay suppliers with Float’s money today, and settle with customizable payment terms to suit your business.
Zero interest, zero fees
Pay your full balance each month with no interest charges, annual fees or hidden costs.
Frequently Asked Questions
Float Charge is an innovative financial product combining the most desired features of a credit card and spend management software on the market.
Float Charge
– Provides eligible businesses with a credit limit, empowering businesses to spend now and settle later on customizable payment terms.
– Allows for quick and customizable auto-repayments, where money spent is automatically repaid at the end of your cycle via your bank account or Float cash account.
Your credit limit is determined based on a comprehensive evaluation of various factors, including your business fundamentals, industry, revenue/company performance, current debt levels, cash balance, liquidity, and credit utilization rate.
To qualify for Float Charge, your organization needs to meet the following criteria:
– Is currently a registered Canadian company (partnership or corporation)
– Have at least $75,000 CAD of cash (or equivalent, such as GICs or money market funds) on hand
– 12+ months of operating cash or consistently profitable
– Exclusions: Non-profits, cryptocurrency businesses
We recommend using the calculator above to check if Charge is the right product for your business.
The application process is made up of just 2 parts:
– An internal, completely confidential underwriting process
– A quick, 20-minute Due Diligence call with you
The application process involves the submission of a few essential documents, namely your financial statements (annual and YTD) and your most recent bank statements.
We currently support CAD and USD for Float Charge. Here are some key notes when you apply for both currencies:
– No FX Fees: When you spend money, it gets repaid in the same currency, ensuring you don’t incur FX fees
– Canadian-Domiciled Bank Accounts: A Canadian-domiciled USD bank account is required to open a USD Charge facility for Canadian entities. (However, US entities can open a USD Charge facility with a US-domiciled USD bank account)
Come for the card,
stay for the software
Close Books up to 8x Faster
Direct integrations with QuickBooks, Xero, and NetSuite make month-end a breeze.
Pay your Bills
Capture, approve and pay bills via EFT, ACH or Wire. Automatic syncs directly to your accounting software.
Swipe and Forget
Upload receipts and track expenses on the go via text or the mobile app. Eliminate the need for expense reports.
Spend time and money where it counts
Earn up to 4% interest on your cash balance and simplify business spend with corporate cards and expense management software.
*Trademark of Visa International Service Association and used under licence by Peoples Trust Company.
- Subject to credit approval. Float offers unsecured, interest-free credit lines to eligible businesses in Canada and the U.S. Eligibility, payment terms, and credit limits (up to $3M+) vary based on business financials. Anoroval times may vary. Terms and conditions apply. ↩︎
- The Float calculator is for informational purposes only and does not constitute financial advice or a guarantee of approval. Eligibility and credit limits are subject to credit assessment. ↩︎