Business Loans for Startups

Launching a business in Canada—whether in Toronto, Vancouver, Calgary, or St. John’s—requires more than just a great idea. It requires capital. The right financing can help you launch faster, grow smarter, and build a foundation for long-term success.

At Mehmi Financial Group, headquartered in Mississauga, Ontario, we specialize in helping startups across Canada get the funding they need—whether you're opening a storefront in Montreal, launching a SaaS company in Ottawa, or starting a franchise in Halifax.

What Is a Startup Business Loan?

A startup business loan is financing designed for early-stage companies—typically those with less than 12 months in operation. These loans help fund everything from inventory and marketing to equipment and payroll. Unlike traditional loans that require long-term financial history, startup loans rely more on the founder’s credit score, business plan, and available collateral.

Common Startup Financing Solutions

1. Merchant Cash Advances (MCAs)

Ideal for retail and service-based startups with POS systems. Funding is based on your projected or existing transaction volume, and repayment flexes with revenue.

2. Equipment Financing

Lease or finance equipment you need for your business—from kitchen tools to construction machinery—without a large upfront payment.

3. Equity Loans

Use the equity in business-owned property or equipment as collateral to secure working capital. Great for founders with valuable assets but limited credit history.

4. Lines of Credit

Flexible and reusable capital that startups can draw from as needed to manage cash flow or short-term expenses.

5. Franchise Financing

Specialized funding for those launching a franchise. Covers franchise fees, equipment, staffing, and setup.

6. Alternative Lenders

Startups often struggle with bank rejections. That’s why we connect founders with private lenders, peer-to-peer platforms, and investors who understand early-stage risk.

Why Choose Mehmi Financial Group?

We support new ventures from coast to coast with:

• Fast-track approvals
• Flexible terms and repayment plans
• Low to no collateral requirements (depending on loan type)
• Access to private and institutional lenders
• Personalized support from our experienced team

Whether you’re building an e-commerce store in Winnipeg or opening a boutique in Edmonton—we’re here to help.

Frequently Asked Questions: Startup Loans

1. What are startup business loans?
   Loans designed to help new businesses fund initial expenses like inventory, marketing, and operations.
2. Can I get a business loan if I haven’t started operations yet?
   Yes. If you have a solid business plan, good credit, or collateral, you may qualify through our startup loan programs.
3. What credit score do I need for a startup loan?
   A score of 600+ helps, but we offer options for founders with challenged credit.
4. How much can I borrow as a startup?
   Funding typically ranges from $5,000 to $250,000+, depending on your profile, business type, and collateral.
5. What documents do I need?
   • Government-issued ID
   • Business registration/incorporation
   • Business plan
   • Personal or business bank statements
6. How quickly can I get funding?
   Many approvals are completed in 2–5 business days.
7. Can I use the loan to buy equipment or inventory?
   Yes. Our loans and leases cover both fixed assets and working capital needs.
8. Are government startup grants available?
   While we don’t offer grants, we can help combine our financing with government programs like CSBFP or BDC-backed loans.

Serving Startups Across Canada

We provide startup loans in:

• Mississauga
• Toronto
• Vancouver
• Calgary
• Edmonton
• Ottawa
• Montreal
• Winnipeg
• Halifax
• Saskatoon
• St. John’s

Launching a new venture? Apply now with Mehmi Financial Group and secure the funding you need to turn your idea into action.