Unsecured Business Loans for Canadian Businesses

Get fast, flexible funding — no collateral required. Whether you're expanding, covering cash flow gaps, or consolidating debt, our unsecured business loans give you access to capital without tying up your assets.

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What is an Unsecured Business Loan?

Fund growth without collateral. Flexible financing, fast approvals.
An unsecured business loan lets you borrow money without pledging equipment, vehicles, or property as collateral. Ideal for businesses with steady cash flow or strong revenue, it allows you to access working capital quickly — perfect for expansion, hiring, marketing, or smoothing out cash flow gaps.

Unlike traditional secured loans, approval is based more on your business performance, not the assets you own.
  • No collateral required to qualify
  • Fixed or flexible repayment structures
  • Great for short-term projects, expansion, or emergencies
  • Quick approvals and funding — often in 24–48 hours

Unsecured Business Loan Benefits

No collateral. Full flexibility. Growth on your terms.
An unsecured business loan gives you fast access to working capital without tying up your assets. You keep full control of your equipment and property — while getting the funds you need to hire staff, run marketing campaigns, expand locations, or cover short-term expenses.
With Mehmi Unsecured Loans, You Can:
  • Access financing without pledging collateral
  • Choose fixed or flexible repayment terms
  • Get approved faster with less documentation
  • Maintain full control over your business assets
Ideal If You Want To:
  • Grow your business without risking property or equipment
  • Bridge short-term cash flow gaps or take on new opportunities
  • Fund expenses quickly — from payroll to marketing to renovations

Why Choose Mehmi for an Unsecured Business Loan?

At Mehmi Financial Group, we make it easy for Canadian businesses to access fast funding — no collateral required. Whether you’re looking to cover short-term expenses, launch a new location, or manage unexpected costs, our unsecured business loan options provide the capital you need without putting your equipment or property at risk.

We understand how tough it can be to secure financing — especially if you’re a newer business or don’t have assets to pledge. That’s why our unsecured loans are designed for small business owners, startups, and those with low or rebuilding credit.

Thousands of businesses across Canada trust Mehmi to deliver flexible, affordable funding solutions that work with your cash flow — not against it.
  • No collateral required to qualify
  • Approval options for low credit and early-stage businesses
  • Fast decisions — typically within 24–48 hours
  • Transparent terms and fixed payments you can budget for     
Finance Smarter — Equipment Loans Made Easy

Flexible equipment loan options that help you own your gear — without draining your cash. Whether you're buying new, used, or private-sale equipment, we help you get approved fast and keep your business moving.
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Borrow up to $5,000,000

Used & private-sale gear approved

Terms up to 72 months

Funds within 48 hours
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What You Can Use an Unsecured Business Loan For

An unsecured business loan gives you flexible funding without the need to pledge assets. Whether you're growing, recovering, or investing in your next move, Mehmi Financial Group helps Canadian businesses get fast capital — no collateral required.

You can use your unsecured funds to:
  • Cover payroll, rent, or monthly operating costs
  • Launch a new product, service, or business location
  • Rebuild after seasonal dips or unexpected expenses
  • Pay vendors or suppliers on time
  • Upgrade marketing, hire staff, or invest in sales growth
  • Refinance existing high-interest debt
Our unsecured loans are designed for everyday business needs — with approvals in as little as 24–48 hours and fixed, predictable payments.

Who Qualifies for an Unsecured Business Loan?

You’re likely a strong match if:

  • Your business has been operating for 6+ months (or 3+ with consistent revenue)
  • You generate at least $100K in annual revenue
  • You need funds for general working capital, growth, or debt consolidation
  • You don’t want to pledge equipment or property as collateral

Even if you don’t meet all criteria, we may still help. Strong cash flow, good credit, or a co-signer can boost your approval chances — even without hard assets.

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Documents Required

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Articles of Incorporation
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Last 3 Months of Business Bank Statements
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Credit Application
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Driver's License

3 Steps. No Surprises.

Getting an unsecured business loan through Mehmi Financial Group is fast, flexible, and stress-free — no collateral required.
1

Share Your Business Goals

Let us know how you plan to use the funds — whether it’s for working capital, expansion, payroll, or debt consolidation.
Talk to a Specialist
2

Apply in Minutes

Complete a quick online application. No need to pledge assets or equipment. Just basic business info and financials.
3

Get Approved & Funded

Get approved in as little as 24–48 hours with flexible terms and no hidden fees. Funds are deposited directly into your business account.

Secured vs Unsecured Loan vs MCA: What’s Right for Your Business?

Feature Secured Business Loan Unsecured Business Loan Merchant Cash Advance (MCA)
Collateral Required Yes — typically equipment, property, or inventory No collateral required Repayment is tied to future receivables
Best For Businesses with strong assets seeking lower rates Quick access without asset tie-up Businesses with high credit/debit card sales
Upfront Costs May include appraisals or legal fees Usually minimal Often zero upfront costs
Repayment Structure Fixed or flexible monthly payments Fixed monthly or weekly payments Daily or weekly withdrawals from sales
Approval Speed 2–5 business days 1–3 business days Same-day to 48 hours
Credit Requirements Moderate — strong cash flow or co-signer may help Higher credit score preferred More lenient — based on revenue strength
Flexibility Can be customized with seasonal or balloon options Limited flexibility High repayment flexibility based on sales volume

*All loan approvals depend on lender underwriting. Speak with your advisor to explore the best option.

FAQ: Unsecured Business Loans — Simple Answers, No Surprises.

Can I qualify for an unsecured business loan without collateral?

Yes. Mehmi Financial Group offers unsecured business loans that don’t require you to pledge equipment or real estate. Approvals are based on your credit profile, business cash flow, and overall financial strength — not asset backing.

What can I use the funds for?

Unsecured loans are flexible and can be used for:
- Marketing and growth campaigns
- Inventory or bulk orders
- Payroll and staffing
- Emergencies or unexpected expenses
- Expansion, new locations, or renovations
You’re free to use the capital however your business needs.

How much can I borrow without collateral?

Loan amounts typically range from $20,000 to $300,000, depending on your revenue, credit, and lender fit. We work with multiple lenders to find the best fit for your size and goals.

How fast can I get funded?

If your documentation is ready, most unsecured business loans can be approved and funded in as little as 24–72 hours. We aim to keep the process streamlined and paper-light.

Do I need perfect credit to qualify?

No. While a stronger credit profile helps with larger approvals and lower rates, we also work with:
- Newer businesses with 6+ months of revenue
- Founders rebuilding after setbacks
- Applicants with co-signers or strong bank statements
We tailor options to your real-world situation.

Will this show up on my personal credit?

That depends on the lender and how the loan is structured. Many of our unsecured business loans are set up to report only to commercial credit bureaus — not personal ones — unless personally guaranteed.

Is there a prepayment penalty?

Most unsecured loans we offer come without prepayment penalties, allowing you to repay early and save on interest if your cash flow improves.

Trusted by Businesses
Across Canada

24–48 hr approval
All credit types welcome
Serving Canada nationwide

Let’s Get You Funded

Ready to secure fast, collateral-free capital for your business? Whether it's expansion, payroll, or working capital — let’s talk.
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