Business loans help Canadian owners cover working capital, equipment and growth. Compare licensed lenders in one quick application — matched on your business and ability to repay, with no impact to your personal credit to compare.
A business loan gives your company a lump sum to invest in the business, repaid over an agreed term. Lenders look mainly at your business revenue and ability to repay — how long you've been operating and the money flowing through the business — rather than your personal credit score alone. Loanspot helps you compare licensed Canadian lenders from one quick application instead of pitching each lender separately.
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Whether you're a sole proprietor or incorporated, the goal is the same: financing that fits your cash flow so the payments don't strain the business.
Borrow against real, planned needs and match the term to how quickly the investment pays off. A short-term gap may only need a smaller, faster loan, while equipment might suit a longer term.
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Apply once and compare real offers from multiple lenders.
Tell us how much your business needs and share basic details about your revenue.
We match you with licensed lenders so you can compare amount, term and total cost.
Choose the offer that fits your cash flow and put the funds to work in your business.
The rate and term on a business loan depend on your revenue, time in business, the amount and the lender. Lenders in the network disclose the full cost of borrowing — including any fees and the annual rate — before you sign, so you can compare offers on the total cost, not just the payment. Reputable lenders never ask for an upfront fee to release funding or promise guaranteed approval.
Most lenders want to see that your business is operating and generating steady revenue. Strong cash flow can matter more than a perfect credit profile, which is why newer and rebuilding businesses are still often matched. Need personal financing instead? Compare a personal loan or installment loan.
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The questions Canadian owners ask most.
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Mainly your business revenue, how long you've been operating, and your ability to repay. Strong, steady cash flow can matter more than a perfect personal credit score.
It depends on the lender, but many will consider newer businesses with steady revenue. Borrowing an amount your cash flow can clearly support improves your chances.
It varies by lender and your revenue. Match the loan to a specific, planned need so the repayments fit your cash flow.
No. Comparing options on Loanspot does not affect your credit score. A lender may only run a check if you move forward with a specific offer.
Both can apply. The lender will simply assess the business's income and your ability to repay based on how you're set up.
Timelines vary by lender and the amount, but online matching means you can compare offers quickly rather than waiting on one bank.
Costs depend on the amount, term, your revenue and the lender, and the full cost of borrowing is disclosed before you sign. Always compare the total, not just the payment.
One quick application. No obligation. No impact to your personal credit score to compare.
Get matched now →