Access flexible business loans up to $5 million with competitive rates and personalized solutions tailored to your needs.
As quick as 24 hours
90% success rate
$5,000 - $5M
Flexible terms available
A business loan is essentially a lump sum of money that a bank or lender provides to help you grow your business. In return, you agree to repay the loan through regular installments over time. Depending on your business needs and qualifications, there are various types of loans available:
These loans are backed by assets your business owns—such as property, vehicles, or machinery. If repayments stop, the lender can claim the pledged assets. Because of this security, you typically get lower interest rates and a longer repayment period.
These don't require collateral. Instead, the lender looks at your credit history, business income, and future cash flow. Since there's more risk for the lender, these loans usually come with higher interest rates and shorter repayment terms.
Designed for new businesses, startup loans are based on the strength of your business plan, founding team, early financials, and projected revenue. Since startups often lack assets or credit history, strong documentation is key to securing this type of funding.
These loans are perfect for quick capital to help your business grow or tackle challenges. Common uses include purchasing equipment, expanding operations, hiring staff, or paying off overdue bills or taxes.
Since COVID-19, government loans have become a significant funding option. They often don't require collateral, may be partially forgivable, and can be easier to qualify for than traditional bank loans. These loans often carry low or even zero interest rates.
Loan amounts typically start at $5,000. Below that, you may want to consider a line of credit or business credit card. On the higher end, small business loans can go up to $5 million—depending on your business profile and eligibility.
Interest rates for Canadian business loans depend on the Bank of Canada's policy rate, plus a margin based on your business's risk profile. Factors influencing the rate include:
Lower risk means lower rates. Government loans and grants may offer minimal or no interest—making them a smart option to explore.
Register your business with us, and we'll quickly scan the market to connect you with the best business loan options available. Whether you're a startup or an established company, we'll help you find the right funding solution in minutes.
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