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Small Business Loans in Quebec

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Small Business Loans – Quebec

Believe it or not, the vast majority of businesses in Quebec (98%) are considered small or medium-sized businesses (SMBs), with the term “small business” defined as an organization with 100 paid employees or less.

Quebec has over 700,000 SMBs, the second-largest number in Canada behind Ontario. A full two-thirds of those 700,000 are considered “non employers,” meaning they are owner-operated businesses with no traditional payroll system, or only have part-time workers or contractors.

The numbers don’t lie: it’s clear that these businesses are the heart of our communities. In order for all of us to survive and thrive – particularly during challenging economic times – it’s important that small businesses in Canada have access to the capital and funding services that they need when they cannot go to the banks.

Financing the Future

Because these SMBs are so important to the Quebec and Canadian economies, Lendified has made it a priority to provide them with the financial services they need, making sure to offer loan products that eliminate barriers standing in the way of their growth.

Lendified has funding services available for Quebec small business, which is especially important because very often, banks or other traditional financial institutions refuse to lend to SMBs without making them jump through bureaucratic hoops and wait, often only to reject their loan application after a considerable delay.

Lendified does it differently.

The business loan products offered by Lendified can help small enterprises succeed, whether they need the money to overcome a temporary shortfall or as an investment vehicle to expand their operations or enhance their services.

Do you need access to a business loan for your small or medium sized business? If so, we may have just the funding you need. Best of all, we can tailor the funding so that it is most effective to address the needs of your business.

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Getting a Small Business Loan in Quebec 

Lendified’s business loans have become a popular Canadian alternative to paperwork intensive bank loans, expensive merchant cash advances, and other creative forms of financing disguised as true business loans. Instead, our program offers loan products to small business owners in Quebec in a way that not only saves them money, but saves them time as well.

If you are a small business in Quebec, you can apply online in less than 10 minutes. In fact, you can apply, be pre-qualified, and get funding approval in as little as 48 hours! And if you’re worried that your business won’t qualify to benefit from our services, don’t.

In Quebec, the eligibility criteria is identical to the criteria in the rest of Canada. In order to apply for a small business loan in Quebec, Lendified will review your application if you have a business that meets the following criteria:

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

It’s that simple! Are you still unsure if your business qualifies? Simply get in touch with one of our experts, and they will talk you through the process and get you started.

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How Much Can I Borrow?

The financing offered by Lendified can range from as little as $5,000 up to $150,000, depending on your needs. If you apply and are accepted, our small business loans have terms between 3 and 24 months.

On average, the typical loan sizes we see in Quebec are between $55,000 and $65,000 CAD.

Industries We Serve Across Quebec 

Lendified supports a wide range of industries across the province. We have funded small businesses across Quebec from several different industries across Canada including some of those listed below:

  • E-Commerce
  • IT
  • Construction
  • Restaurants
  • Retail

And because we offer services to businesses in industries ranging from retail to manufacturing to construction and beyond, the experience we have gained through the support of so many different companies allows us to apply those lessons to your specific industry. We can help you overcome any of the challenges you face as a small business owner.

And if your industry isn’t mentioned on the list above, there is no need to worry. We also provide services to businesses in many industries across Quebec and Canada. Check out a more comprehensive list here.

What Can I Use My Loan For?

Whether you live in Quebec, another part of Canada, or halfway around the world, the challenges of many small businesses are the same: they all need capital to grow at some point. However, if you’ve built up a sizable credit card debt or have taken out multiple business loans, it can sometimes be hard to keep up with payments, and even harder to get a loan from a bank.

That’s why the funding services available through Lendified can be so valuable. There are plenty of ways you can use your capital from Lendified, and while there also are some restrictions on how you can use the financing , Lendified’s small business loans can be used to finance a variety projects, including:

  • Refinancing
  • Purchasing new equipment
  • Inventory
  • Cash flow
  • Bill & Supplier payments
  • Relocation & Expansion

To learn more about the applications for a Lendified loan, or to get more information on how this finding can help your small business grow in Quebec, click here.

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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