A business loan can be the catalyst for your company’s next big move—whether you’re launching a new location, upgrading equipment, or navigating a cash flow crunch. For Canadian entrepreneurs from Toronto and Vancouver to Halifax and Saskatoon, access to the right financing is key to long-term growth and sustainability.
At Mehmi Financial Group, based in Mississauga, Ontario, we specialize in helping Canadian businesses secure loans that match their goals, timelines, and budgets.
What Is a Business Loan?
A business loan is a form of financing that provides a lump sum or line of credit to a company for commercial use. These funds can be used for working capital, expansion, equipment, real estate, or other operational needs. Unlike personal loans, business loans are structured around the needs, revenue, and risk profile of the company.
How Do Business Loans Work?
When you apply for a business loan, a lender evaluates your business’s financial health, creditworthiness, and funding needs. Once approved, you'll receive funds based on agreed terms, which outline:
- The loan amount
- Repayment schedule (e.g., monthly, bi-weekly)
- Interest rate
- Collateral (if secured)
Loans can be either secured (backed by assets like property, vehicles, or inventory) or unsecured (based on credit and financials). Secured loans usually offer lower interest rates, while unsecured loans offer quicker approvals but may have higher rates.
What Can a Business Loan Be Used For?
Business loans are highly flexible and can fund nearly any commercial need, including:
- Startup costs
- Purchasing or renovating commercial property
- Buying equipment or vehicles
- Maintaining cash flow or covering payroll
- Expanding into new locations
- Purchasing inventory or raw materials
- Franchising or acquiring a new business
- Refinancing existing debt
Note: You cannot use a business loan for personal expenses (e.g., buying a home or car).
Why Choose Mehmi Financial Group?
We offer:
- Fast approvals (2–5 business days)
- Flexible terms (12 to 84 months)
- Competitive interest rates
- Lines of credit and equipment financing options
- Support across all major Canadian cities
From Vancouver and Montreal to Halifax and Winnipeg, our team tailors each loan to your unique business needs.
Frequently Asked Questions: Business Loans in Canada
- What is a business loan in Canada?
It’s a loan designed for commercial use, allowing businesses to borrow capital for growth, equipment, or operational needs. - What types of business loans are available in Canada?
We offer:- Term loans
- Lines of credit
- Equipment financing
- Franchise loans
- Working capital loans
- How do I qualify for a business loan in Canada?
Requirements may include:- Business license or incorporation
- 3–6 months of revenue history
- Financial statements and cash flow forecast
- Good personal or business credit (but we have options for all credit levels)
- What is the interest rate for business loans in Canada?
Rates vary based on credit score, loan type, and collateral, but we offer competitive, transparent terms. - How long does it take to get approved?
Most applications are approved within 2–5 business days after submission of documentation. - Can I get a business loan with bad credit in Canada?
Yes. We offer secured loans and alternative options for business owners with challenged credit. - How do I repay a business loan?
Loans are typically repaid monthly via automatic withdrawals from your business account. Some products offer flexible or seasonal repayment terms. - What documents do I need for a business loan application?
Typically:- Valid ID
- Proof of business ownership
- Financial statements or bank statements
- Business plan or use-of-funds document
Apply Across Canada
We serve clients in:
- Mississauga
- Toronto
- Vancouver
- Calgary
- Edmonton
- Montreal
- Ottawa
- Winnipeg
- Halifax
- Saskatoon
- St. John’s
Need financing to take your business further? Apply now with Mehmi Financial Group and get the funds you need to grow—anywhere in Canada.
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