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Small Business Loans in Ontario

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Small Business Loans in Ontario 

In Canada and around the world, a small business loan has many potential applications. From increasing cash flow to refinancing an existing loan to buying the new equipment you need to grow your business, small business financing from Lendified is the perfect financial alternative when the banks aren’t an option.

Lendified’s small business loans have become a popular alternative to paperwork-intensive bank loans, expensive merchant cash advances, and other creative forms of financing disguised as true business loans. Small business owners in Canada can easily apply for their loan online, get pre-qualified in under 10 minutes, and receive their funding in as little as 48 hours.

How Do I Get a Business Loan in Ontario? 

At Lendified, we provide financing to small businesses across Ontario.

Our criteria to determine eligibility involves our team looking at some basic information about your company such as your credit score, your corporate history, your annual revenue, and others. If you have a good financial history and solid monthly sales, your business is in a good position to be able to get the required financing.

If your company meets the minimum financing requirements, our team of adjudicators will work with you to find the best possible business loan for your situation. You might be surprised at the amount of capital that small businesses can receive! In Canada, small business financing is easier to get than ever!

Eligibility 

In order to apply for a small business loan in Ontario, Lendified will review your application if you meet the following criteria:

  • Incorporated business in Canada
  • 6+ months in operation
  • $100,000+ in annual revenue
  • 610+ personal credit score

How Do I Apply for a Small Business Loan in Ontario? 

Securing a small business loan is a quick process that starts with a simple click. Thanks to Lendified’s convenient online portal, businesses can apply for a small business loan in only a few minutes. After you apply for a small business loan and provide some basic information on the performance of your business, you could be instantly pre-qualified for financing and have your needs addressed in as little as 48 hours after your loan approval.

What Can I Expect?  

Our small business financing provides loans from $5,000 to $150,000 with terms ranging from 3 to 24 months.

Industries We Serve Across Ontario 

Lendified provides capital to a wide range of businesses in Ontario and throughout Canada. Small business financing is available to help support companies of all kinds. Lendified understands that small business financing is often needed to meet growing demand or traversing a rough patch to help your company thrive. That’s why we offer short-term business loans that are fast, simple and affordable.

Lendified has provided financial help to all kinds of Ontario-based companies and many more from all across Canada. Small business financing has helped businesses from a range of industries such as:

  • Retail
  • E-Commerce
  • Auto motive
  • Healthcare
  • Hospitality
  • Construction

If your industry isn’t shown above, don’t worry! We also service plenty of other industries across Ontario and Canada feel free to check out all the other industries we service here!

Are you worried your industry does not qualify for a loan in Ontario? Search below to see our restricted industries: 

FINANCIAL SERVICES

Credit Protection, Restoration, Repair Financial Transaction Processing Insurance Related Services investment Advice & Securities Dealers Lenders

SELLERS

Discount Travel Clubs/Subscriptions Pawn Shops/Consignment Precious Metal Sales

TRANSPORTATION

Taxis & Independent Logistics Companies Trucking Companies (with less than 5 vehicles)

SERVICES

Contractors (with less than 10 employees) Trades (with less than 10 employees)

VEHICLE AND EQUIPMENT SALES

Auto, RV, & Boat Dealers Manufactured/Mobile Home Dealers

OTHER

Adult Entertainment/Materials Government & Non-Profits Guns & Ammunition Sales or Manufacturing Lotteries/Raffles/Gaming/Gambling Agriculture and Fishing Non-Profits

Best Business Loan Uses 

Businesses can make their financing work for them in a number of ways, although loan uses vary slightly from industry to industry and from place to place within Canada. Small business financing can help businesses with many pressing needs including:

  • Refinancing debts
  • Purchasing new equipment
  • Replenishing inventory
  • Providing cash flow
  • Paying bills or suppliers
  • Relocating
  • Expanding

Learn more about the types of loan uses for small businesses in Ontario here

Useful Links:  

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What we offer

Up to $150,000

in fast and affordable funding

Pre-Qualification Online

provided instantly for free

Terms up to 24 months

with simple bi-weekly payments

Why business owners choose Lendified

Fast and easy

Apply in minutes using our secure online application and get pre-qualified instantly

Better rates

Avoid overpaying and save up to 40% compared to a merchant advance & other online lenders

Credit benefits

Get a real business loan that helps you build credit and qualify for even better rates on capital

Made in Canada

Work with a trusted Canadian company founded by former bank executives dedicated to helping small businesses