How to Get a Business Loan in Canada
When you think of some of the most successful countries in the world for business, Canada never seems to make the conversation, and honestly, it’s about time that it does.
Canada has been one of the most consistent manufacturing and service-oriented countries in since the end of World War II, and in as of 2017, has broken into Forbes’ top 5 best countries for business.
Canada is much more than just Niagara Falls, maple leaves and moose. In fact, Canada is the sixth largest oil producer in the world, boasts the 10th largest economy and its top-notch scientific research has produced 13 Nobel laureates across several categories.
While the general public may not see Canada as the business-friendly country it is, it certainly hasn’t stopped them from becoming one of the most successful business environments in the world.
Small Business Loans in Canada
Even small businesses operating in a successful country for business like Canada can benefit from the use of a small business loan. Traditional lenders like banks offer the best small business loans in Canada, but over the years, banks in general have become less willing to work with these smaller companies.
Banks and small businesses have shared a beneficial relationship for decades, but over the last 15 years or so, banks have made it harder for smaller companies to qualify for business funding.
The fall out between small businesses and banks is directly related to the massive increase in small business owners. With everything we need to start a business now at our fingertips, thanks to the internet and any device with wifi, more and more small businesses are popping up every day, and banks can’t approve all of them.
That’s why many small businesses now struggle to meet the standards of these banks. Even some of the most successful small businesses are asked to provide some form of collateral to get their funding.
At Fast Capital 360, we know most small business owners are not in the position to pledge personal assets just to receive a loan. That’s why all of our business financing options are unsecured. Fast unsecured business funding means you won’t be required as small business owner to pledge your car, home or other personal items to qualify.
Where to Get Fast Commercial Loans in Canada
If you are having trouble getting a bank loan in Canada and are wondering how to get the business funding you need fast, Fast Capital 360 offers multiple financing options for business in Canada with bad credit or just having trouble meeting the standards of big banks.
Whether your a local restaurant in Ontario looking for inventory financing or a company looking for fast business equipment funding in Toronto, Fast Capital 360 offers the best online business funding in Canada.
While banks can take up to 90 days to process an application, Fast Capital 360’s application only takes the average user less than 10 minutes to complete and most applicants will receive a decision in as little as 60 minutes.
If you’re a business looking for a commercial loan, Fast Capital 360’s fast commercial funding in Canada is perfect for companies with demands to meet and no time to wait around for banks.
Small Business Financing in Canada with Fast Capital 360
Canada’s growth as an economic powerhouse has made it prime real estate for businesses of all kinds. Fast Capital 360 has funded thousands of businesses across hundreds of industries in both Canada and the United States.
Our business funding solutions offer the perfect alternative for companies looking for small business loans in Canada. Our next-day funding process is spearheaded by our experienced and passionate business advisors who will find out more about your business and help you decide which of our financing programs works best for you.
Give us a call at 800-735-6107, find out what you qualify and start growing your business today.