Home/Business Loans

$10,000 – $200,000

Business financing for when the opportunity won't wait.

Payroll gaps, a supplier discount with a deadline, a second location, a truck that died in the middle of your busiest month. Lenders in our network commonly look for about six months of trading history and $10,000 a month in revenue.

Apply for a business loan What you'll need

$10K–$200KAmounts

3–60 moTerms

$0Fees to apply

6 moTypical trading history sought

Four ways to structure it

The approval matters. The structure matters more.

Borrowing $80,000 as a two-year term loan and borrowing it as an advance against card sales are entirely different commitments. We start from what the money is for. Product availability, amounts and terms vary by lender.

Working capital loan

A lump sum repaid daily or weekly over three to eighteen months. Often the quickest product to arrange and commonly used for payroll, inventory and covering a seasonal trough. The total cost is set out in the lender's offer.

$10,000 – $150,000 · 3–18 months

Business term loan

A fixed amount at a fixed monthly payment over one to five years. The right shape for anything that will still be generating a return in three years: a build-out, a new location, an acquisition of a competitor's book.

$25,000 – $200,000 · 12–60 months

Business line of credit

A facility you draw against, repay and draw again. Interest applies only to the balance you are actually carrying, which can make it a cost-effective way to cover a gap you cannot predict the timing of.

$10,000 – $100,000 · Revolving

Merchant cash advance

You sell a slice of future card receipts at a discount and repay as a percentage of each day's sales, so repayments fall in quieter weeks. Often a higher-cost product. Built for restaurants, salons and retail, where revenue is real but lumpy.

$10,000 – $150,000 · Revenue-paced

Eligibility

What lenders typically look for.

Criteria vary by lender, and meeting them does not guarantee approval. A specialist can tell you how your file compares before you spend time on documents.

Six months of trading history under the current ownership
$10,000 or more in average monthly revenue
A Canadian business chequing account
A director or owner willing to sign a personal guarantee
Six months of business bank statements at the offer stage

550+Credit score many lenders look for. Varies by lender

$120KAnnual revenue lenders often expect for larger amounts

24 hrsLender decision possible on a complete file. Not guaranteed

$0Application or processing fee charged by us

Who borrows here

Industries we commonly work with.

Restaurants & hospitality

Equipment failure, fit-outs, seasonal payroll, a second site.

Trades & construction

Materials up front on a job that pays in ninety days.

Retail & e-commerce

Inventory ahead of a peak, or a supplier discount worth taking.

Transport & logistics

Trucks, trailers, repairs and fuel float between settlements.

Professional services

Hiring ahead of revenue, or buying out a departing partner.

Health & wellness

Clinic equipment, leasehold improvements, practice acquisition.

Manufacturing

Production capacity, tooling and raw material runs.

Auto & repair

Bays, lifts, diagnostic equipment and parts inventory.

Business loan questions

Before you apply.

Do I need to be incorporated?

Not necessarily. Many lenders consider sole proprietorships and partnerships where the business banking is separate from personal banking and the revenue is verifiable. Incorporated businesses may qualify for larger amounts and longer terms.

What if my personal credit is damaged?

It usually narrows the number of lenders who will consider you, and approval is not guaranteed. Revenue-paced products such as a merchant cash advance tend to weigh recent deposits more heavily than credit history. Expect a higher cost and a shorter term.

Will you take a lien on my business assets?

Some lenders register a general security agreement, particularly on larger term loans. This is disclosed in the offer, before you sign, along with anything else that would be registered against the business.

Can I repay early?

It depends on the lender. Many term products allow early repayment, but some charge a prepayment fee, so check the offer before you sign. Merchant cash advances are priced as a fixed total repayment rather than as accruing interest, so paying early ends the obligation sooner but does not reduce the amount.

How much can I actually borrow?

It varies by lender and by your file. As a rough guide, many lenders consider up to one to one and a half times your average monthly revenue for short-term products, and sometimes more where there is an asset or a longer history behind it.