FinviloAffinity Credit Union
Affinity Business Term Loan
Business term loans for expansion, equipment, refinancing and leasehold improvements.
- Rate type
- Fixed or variable
- Uses
- Expansion, equipment replacement, refinancing, leasehold improvements
Business Financing in Canada
Funding options for Canadian small businesses, from term loans to invoice factoring.
Match business financing to what the money will fund and when the business can repay it. Short-term cash flow needs and long-lived equipment require different comparisons.
Browse by type
Verified options
Alterna Savings
Alterna Savings Commercial Term Loan
Commercial term loans for equipment, expansion and working capital.
- Uses
- Equipment purchases, expansion, working capital
- Rates and terms
- Not confirmed
AL
Alberta Women Entrepreneurs
AWE Business Loan
Repayable business loans up to CAD 150,000 for women-owned businesses in Alberta.
- Maximum amount
- CAD 150,000
- Term
- Up to 5 years
- Rate
- Typically prime plus 2% to prime plus 4%
- Eligibility
- At least 50.1% women ownership; operating or planning to operate in Alberta
BDC
BDC Business Purchase or Transfer Loan
Financing to buy, merge with or take over a Canadian business, including some transaction costs.
- Repayment
- Flexible, with interest-only payments at the start
- Eligibility
- Business being bought must be Canadian and generating revenue, with an agreed price and clear structure
- Uses
- Buying a business, competitor or supplier; management or employee buyouts; family transfers; refinancing seller financing
- Additional costs
- Can include legal fees, moving costs, goodwill and client lists
BDC
BDC Franchise Financing
BDC loans to buy or open a franchise.
Full details for BDC Franchise Financing (opens in new tab)BDC
BDC Indigenous Entrepreneur Loan
Financing of up to CAD 350,000 for Indigenous entrepreneurs to grow their businesses.
- Maximum amount
- CAD 350,000
- Eligibility
- Indigenous entrepreneurs
- Rate
- Preferred rates (not published)
- Fees
- No processing or annual administration fees
BDC
BDC Purchase Order Financing
A loan that pays suppliers directly so a business can fill large customer orders.
- Repayment period
- Up to 18 months
- Payment
- Suppliers are paid directly
- Eligibility
- Business based in Canada, generating revenue for at least 12 months, with a good credit track record
- Provinces
- Nationwide
BDC
BDC Small Business Loan
An online small business loan from BDC, the federal development bank.
Full details for BDC Small Business Loan (opens in new tab)BDC
BDC Technology Equipment Loan
A loan for hardware, software, cybersecurity, digital infrastructure and expert IT advice.
- Eligibility
- Business based in Canada, generating revenue for at least 12 months, with a good credit track record
- Uses
- Servers, computers, software, cloud, AI tools, websites, e-commerce, cybersecurity
- Professional services
- Can cover IT planning, strategy, security and online sales advice
- Provinces
- Nationwide
BDC
BDC Working Capital Loan
A loan for growth projects such as inventory, supplier payments, new markets and hiring, without using everyday cash.
- Eligibility
- Business based in Canada, generating revenue for at least 12 months, with a good credit track record
- Uses
- Inventory, suppliers, new markets, product development, IP protection, marketing, hiring and training
- Sustainability projects
- Energy efficiency and green retrofit projects eligible
- Provinces
- Nationwide
BMO
BMO Canada Small Business Financing Loan
A government-guaranteed loan for equipment, vehicles, leasehold improvements and commercial property.
- Equipment and leasehold financing
- Up to CAD 500,000
- Commercial property financing
- Up to CAD 1,000,000
- Government guarantee
- 85% guaranteed by the Government of Canada
- Amortization
- Up to 15 years
TD Canada Trust
Business Loan
Business asset financing with fixed or variable interest options and security suited to the financed purchase.
- Security
- May include business assets, real estate or liquid security.
- Rate structure
- Fixed or variable; applicant-specific rate Not confirmed.
- Uses
- Equipment, vehicles and other fixed assets.
RBC Royal Bank
Business Term Loan
Lump-sum business borrowing for a major purchase or refinancing, separate from revolving business credit.
- Structure
- Lump-sum term financing.
- Uses
- Equipment, inventory, property purchases and debt refinancing.
- Minimum loan
- Loans start at CAD 5,000.
TD Canada Trust
Canada Small Business Financing Line of Credit
Working-capital credit through the Canada Small Business Financing program. Interest and registration charges apply, and program participation does not guarantee approval.
- Maximum credit
- Up to CAD 150,000, subject to program rules and credit approval.
- Registration fee
- 2%, paid upfront or financed within the authorized limit.
- Uses
- Working capital and operating expenses.
- Initial term
- Up to five years; renewal and conversion options subject to conditions.
CIBC
CIBC Canada Small Business Financing Program Term Loan
A government-backed term loan for starting or expanding a small business through eligible property, equipment, leasehold improvements, intangible assets and working capital.
- Maximum amount
- CAD 1,000,000
- Non-real-estate limit
- CAD 500,000, including up to CAD 150,000 for intangible assets and working capital
- Maximum term
- 15 years; real estate may be amortized up to 25 years
- Variable rate
- CIBC prime rate plus 3%
Coast Capital Savings
Coast Capital Business Loan
Lump-sum business loans for expansion, working capital and large expenses.
- Rate type
- Fixed or variable
- Repayment
- Flexible terms matched to cash flow
- Uses
- Working capital, expansion, large expenses
CIBC
Commercial Franchise Financing
Customized commercial financing for franchise operators with larger borrowing needs and specialist support.
- Terms
- Customized proposal; rates, security and repayment Not confirmed.
- Uses
- Day-to-day expenses, additional locations and franchise improvements.
- Borrowing focus
- Needs over CAD 1 million.
CO
Community Futures British Columbia
Community Futures BC Business Loan
Repayable financing through local offices for startups, existing businesses and social enterprises in BC.
- Maximum amount
- Up to CAD 1 million
- Rates and terms
- Vary by local office
- Application
- Through your nearest Community Futures office
- Provinces
- British Columbia
Conexus Credit Union
Conexus Business Term Loan
A business term loan with fixed or variable rates and no prepayment penalty.
- Rate type
- Fixed and variable
- Prepayment
- No prepayment penalty
- Repayment
- Flexible terms
Scotiabank
Credit Line for Business
Reusable operating credit for cash-flow gaps and working capital, with floating interest linked to prime.
- Uses
- Operating expenses and working capital.
- Interest
- Floating rate linked to prime; applicant-specific spread Not confirmed.
- Structure
- Revolving credit within an approved limit.
National Bank Equipment Finance
Equipment Leasing
Equipment leasing presented as National Bank Equipment Finance on the former CWB National Leasing website.
- Equipment flexibility
- Provider lists trading up equipment as a leasing benefit.
- Payment structure
- Lease payments can be structured around business needs.
- Purchase option
- Available; buyout amount must be confirmed.
RBC Royal Bank
Equipment Leasing
Customized equipment leasing for a significant asset purchase or ongoing needs, including taxes and installation.
- Equipment examples
- Tractors, computer systems, aircraft and furniture.
- Financing scope
- Up to 100% of equipment costs, including taxes and installation.
- Structure
- Customized leasing based on equipment needs.
BDC
Equipment Loan
Financing for new or used equipment and associated expenses, with payments tailored to business cash flow.
- Repayment
- Payments may be matched to the business cash-flow cycle.
- Financing scope
- Up to 125% of the purchase price, subject to approval and conditions.
- Eligibility
- Canadian business with at least 12 months generating revenue and a good credit track record.
FE
Federation of African Canadian Economics
FACE Black Entrepreneurship Loan Fund
Loans up to CAD 250,000 for Black business owners across Canada.
- Maximum amount
- CAD 250,000
- Eligibility
- Black business owners
- Documents
- Business and owner tax returns, personal statement of affairs, photo ID, registration certificate
- Provinces
- Nationwide
FirstOntario Credit Union
FirstOntario Business Term Loan
Business term loans for equipment, facility expansion and debt consolidation.
- Uses
- Equipment, facility expansion, debt consolidation
- Rates and terms
- Not confirmed
Futurpreneur
Futurpreneur Startup Program
Startup financing and mentorship for entrepreneurs aged 18 to 39.
Full details for Futurpreneur Startup Program (opens in new tab)Futurpreneur
Futurpreneur Startup Program Loan
Equity-free startup financing plus mentorship for entrepreneurs aged 18 to 39 starting or buying a business.
- Maximum amount
- Up to CAD 75,000, including BDC financing, subject to conditions
- Age
- 18 to 39
- Uses
- Starting or buying a business
- Mentorship
- Up to 2 years of one-to-one mentorship
eCapital
Invoice Factoring
Receivables-based funding converts unpaid customer invoices into working capital, with online access to manage funds.
- Account access
- 24/7 online fund management.
- Funding basis
- Outstanding customer invoices.
- Fees and recourse
- Not confirmed; request fees, reserve terms and non-payment obligations.
Liquid Capital
Invoice Factoring
Invoice purchasing provides an advance on unpaid receivables, with the balance released after collection less fees.
- Reserve release
- Remaining balance after collection, less fees.
- Structure
- Purchase of outstanding invoices rather than a term loan.
- Collection
- Provider collects from the customer on the business behalf.
JO
Journey Capital
Journey Capital Business Term Loan
Short-term business loans from CAD 10,000 to CAD 500,000 with daily or weekly automatic repayments.
- Amount
- CAD 10,000 to CAD 500,000
- Term
- 6 to 24 months
- Repayment
- Daily or weekly automatic
- Cost
- Provider states it is more expensive than bank financing
Libro Credit Union
Libro Business Term Loan
Term loans for business and farm needs such as equipment, new locations and refinancing.
- Term
- 1 to 10 years
- Rate type
- Fixed or variable
- Uses
- Business or farm needs, including equipment and livestock
- Readvanceable option
- Draw and repay within an approved limit
National Bank of Canada
National Bank Business Term Loan
A long-term loan for buying buildings, equipment or vehicles, with amortization based on the asset's useful life.
- Uses
- Tangible assets and certain intangible assets, including buildings, equipment and vehicles
- Amortization
- Based on the useful life of the asset financed
- Rate type
- Variable or fixed
- Currency
- CAD and USD
PR
Prosper NWT
Prosper NWT Business Loan
Term loans for asset purchases and expansion in the Northwest Territories.
- Maximum amount
- CAD 5 million per enterprise; over CAD 2 million subject to criteria
- Rate
- Prime plus 2%, 3% or 4% depending on credit risk
- Fees
- May apply, disclosed during application
- Provinces
- Northwest Territories
RBC Royal Bank
RBC Business Line of Credit
A revolving credit line for business cash flow from RBC.
Full details for RBC Business Line of Credit (opens in new tab)RBC Royal Bank
RBC Canada Small Business Financing Loan
A government-sponsored term loan for small business property, equipment, leasehold improvements, intangible assets and working capital.
- Maximum amount
- CAD 1,000,000
- Sublimits
- CAD 500,000 for equipment, leaseholds, intangibles and working capital, including CAD 150,000 for intangibles and working capital
- Government guarantee
- 85% guaranteed by the federal government
- Amortization
- Up to 15 years
Scotiabank
Scotiabank Canadian Small Business Financing Program Term Loan
A government-backed term loan for eligible equipment, leasehold improvements, property, intangible assets and working capital.
- Maximum amount
- CAD 1,000,000
- Financing coverage
- Up to 90% of eligible purchases, subject to program maximums
- Rate type
- Fixed and variable
- Amortization
- Up to 15 years for leasehold and equipment; up to 20 years for real property
Scotiabank
Scotiabank Term Loan for Business
A business term loan for buying fixed assets, with fixed or floating rates and scheduled monthly payments.
- Maximum amount
- CAD 1,000,000
- Term
- Up to 5 years
- Amortization
- Up to 20 years for real estate; 3 to 10 years for other loans
- Rate type
- Fixed or floating
SE
Servus Credit Union
Servus Business Loan
Business loans for construction, acquisition and expansion, with payments arranged around cash flow.
- Rate type
- Fixed or floating
- Uses
- Construction, acquisition, expansion
- Underwriting
- Terms, advance percentage and collateral based on cash flow
- Business stage
- Startups and expanding businesses
Shopify
Shopify Capital
Funding for eligible Shopify merchants, repaid as a share of future sales.
Full details for Shopify Capital (opens in new tab)BMO
Small Business Installment Loan
Instalment financing for equipment, property investment or refinancing with fixed or variable rates.
- Repayment
- Pre-authorized payments and lump-sum payments available.
- Term
- One to five years, based on the financed purchase.
- Rate options
- Fixed or variable; applicant-specific rate Not confirmed.
Driven
Small Business Loan
Fixed business borrowing for working capital or expansion, with a repayment schedule for each loan.
- Interest
- Fixed interest; actual rate Not confirmed.
- Uses
- Inventory, equipment, marketing, renovations and additional locations.
- Structure
- Fixed loan with its own repayment schedule.
BDC
Start-up Financing
Financing for young businesses already operating and generating revenue, not a general pre-launch funding offer.
- Uses
- Assets, start-up fees, marketing, website development and consulting.
- Maximum financing
- Up to CAD 150,000, subject to approval.
- Eligibility
- Based in Canada, at least 12 months in business, generating revenue and a good credit track record.
TD Canada Trust
TD Canada Small Business Financing Loan
A government-backed loan for eligible business property, equipment, leasehold improvements, intangible assets and operating expenses.
- Maximum amount
- CAD 1,000,000
- Sublimits
- Up to CAD 500,000 for equipment and leaseholds, including up to CAD 150,000 for intangibles and working capital
- Financing coverage
- Up to 90% of eligible asset costs
- Amortization
- Up to 15 years; up to 25 years may be available for real property
TW
Two Rivers Community Development Centre
Two Rivers Indigenous Business Loan
Financing for Indigenous entrepreneurs starting, expanding or buying businesses in the Two Rivers service area.
- Maximum amount
- CAD 1,250,000
- Amortization
- Up to 10 years
- Rate
- Risk-based, starting at RBC prime
- Minimum equity
- 10% cash
VA
Vancity
Vancity Business Term Loan
Lump-sum business financing for expansion, renovations, equipment and refinancing.
- Minimum amount
- CAD 5,000
- Term
- Up to 10 years
- Repayment
- Weekly, biweekly or monthly blended payments
- Uses
- Expansion, renovations, equipment, refinancing existing debt
WE
WeBC
WeBC Business Loans for Women
Loans up to CAD 150,000 for women starting, buying or growing businesses in British Columbia.
- Maximum amount
- CAD 150,000
- Term
- Up to 5 years
- Repayment
- Interest-only for up to 6 months available
- Eligibility
- Women owning at least 51% of a BC business; applicant a Canadian citizen or permanent resident living in BC, over 19
WO
Women's Enterprise Organizations of Canada
WEOC National Loan Program
Loans up to CAD 50,000 with business support for women entrepreneurs across Canada.
- Maximum amount
- CAD 50,000
- Term
- Up to 5 years
- Rate
- Fixed, prime plus 4% or less depending on risk
- Prepayment
- No penalties
What to check before choosing business financing
Cost of funding
Compare interest, origination charges, repayment deductions and the total cost.
Cash flow fit
Check repayment timing against your business income and seasonal changes.
Personal exposure
Ask about collateral, personal guarantees and what happens if payments are missed.
Do not treat a factor rate as an annual interest rate. Ask the provider to explain the repayment calculation.
Before you visit a provider
Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.
Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.
For further guidance, visit Financial Consumer Agency of Canada.
This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.