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If you're a small business owner in Ontario with less-than-perfect credit, you might think getting approved for a loan is out of reach. But the truth is, there are ways to secure funding even with a low credit score. Whether you're a truck operator in Brampton or a manufacturing business in Mississauga, understanding your financing options is the first step to regaining momentum.
At Mehmi Financial Group, we specialize in supporting Canadian businesses—including those with challenged credit histories. Backed by 30+ lenders and offering up to $5M in funding in under 48 hours, we're here to help you find flexible, fast, and realistic financing solutions.
In Canada, business lenders typically consider a credit score below 600 to be "bad credit." However, each lender may have different thresholds. Factors include:
Lenders will also evaluate business cash flow, time in operation, assets, and industry when making decisions—not just your score.
Yes. Here are the most common options available for Ontario businesses with bad credit:
Non-bank lenders often provide bad credit loans. They look beyond traditional scores and focus on cash flow and assets.
Offering collateral such as trucks, trailers, or equipment can reduce a lender's risk—improving your odds of approval.
Turn your unpaid invoices into immediate cash without taking on more debt. Perfect for truckers, freight carriers, and service providers.
Learn more about Invoice Factoring
Own equipment or trucks? You can refinance them or use sales-leaseback to unlock working capital quickly.
Learn more about Refinancing
Short-term loans based on your business’s monthly revenue and ability to repay—not just your credit history.
If you're applying with poor credit, you can still strengthen your application. Here’s how:
Lenders will weigh consistent deposits and cash flow over raw credit scores.
List any trucks, trailers, or equipment you own—these help secure better terms.
Even basic profit & loss reports or bank statements help prove your repayment ability.
Some lenders allow stronger credit partners to back your loan.
Expert guidance can help position your file properly—especially if you’ve been declined elsewhere.
Speak with a Financing Advisor
Here are realistic lending products to consider if you’re rebuilding your credit:
Try our Loan Calculator to estimate your payments.
We work with credit-challenged entrepreneurs in:
Need a new dump truck, reefer trailer, or medical laser? We’ve funded them all.
Read: Business Loans on Trucks & Trailers
While many banks prefer 650+, alternative lenders may approve borrowers with scores as low as 450 if other criteria are strong.
Not always. Some lenders offer unsecured loans based on revenue or invoices. But secured options usually get better terms.
Yes. Refinancing or sales-leaseback is a common way to improve cash flow.Read: Refinancing Your Commercial Truck in Ontario
Typically:
See: Truck Loan Approval in Ontario: Documents You Need
At Mehmi Financial Group, we know that even the hardest-working business owners can face setbacks. Credit should not be the end of your journey. Whether you’re scaling your fleet, covering payroll, or just need breathing room—we’re here to help.
We specialize in fast, realistic financing—even if your bank says no.
Contact our Credit Advisors to review your options.
Categories: Business Funding, Truck Financing, Credit Insights
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