Small Business Loan
Capital for the next step
A small business loan is a lump sum repaid over a set term, sized to a specific plan: more inventory, a second location, new hires or a stretch of working capital. We compare banks, credit unions, alternative lenders and government-backed routes and package your application so it is approved the first time.
- Working capital, expansion, hiring and inventory
- Terms from 1 to 7 years
- Banks, credit unions and alternative lenders
- Government-backed routes where you qualify
What a small business loan funds
Lenders want to see the money tied to a plan with a clear payback. The most common uses we arrange are below.
- Working capital to bridge growth, seasonality or a large contract
- Opening or fitting out a new location
- Hiring ahead of revenue, marketing and technology
- Inventory purchases and supplier deposits
- Refinancing high-interest merchant advances into one predictable payment
Where the money comes from
Banks and credit unions offer the lowest rates to businesses with two or more years of financial statements and steady cash flow. Alternative lenders fund faster and accept thinner files at a higher cost. Government-backed routes such as the Canada Small Business Financing Program, delivered through participating banks and credit unions, and direct lenders such as BDC sit alongside these options for equipment, leasehold improvements and property. We recommend the mix that fits your file, not a single product.
What lenders ask for
Recent financial statements or notices of assessment, six months of business bank statements, a short description of the use of funds and, for newer businesses, a plan with projections. Our consulting team prepares the plan if you do not have one.
FAQ
Common questions
How much can a small business borrow?
It depends on cash flow, time in business and security. Unsecured loans commonly range from $25,000 to $250,000; secured and government-backed loans go higher.
Can I get a small business loan with less than two years in business?
Yes, through alternative lenders, start-up programs and government-backed routes that weigh the owner's experience and personal credit. Expect a business plan and a personal guarantee.
How long does approval take?
Alternative lenders can fund in a few business days. Bank and government-backed loans typically take two to four weeks.
Get started
Tell us about your situation
Share a few details and an advisor will follow up within one business day with next steps and the documents to prepare.
Your first call is free
Tell us what you need and we will tell you exactly what it takes. No pressure, no obligation.