Smarter Loans
close
Apply Now
Home › Bad Credit Business Loans

Bad Credit Business Loans

One application. 14 lenders from our 50+ network. Funded in 24 to 48 hours.

14 lenders in our network serve Canada. Borrow $250 to $50 million from 7% APR, with funding as fast as 48 hours. Most lenders require 12 months in business and $10,000 monthly revenue. Merchant cash advances are shown as factor rates, not APR. Rates reviewed August 2026.

Get Funded One application routed to where you qualify.

Your lender options

Every Apply button starts the same single application. Your chosen lender is prioritized first.

Show only lenders I qualify for
Three questions about your business, and it filters this list instantly.
Revenue: AnyAmount: Any Product: Any Sort: Recommended
★★★★★ 4.6 (16)
Amount
$5K - $500K
Rate
Factor 1.1 - 1.5 See true cost ›
Terms
5 - 9 months
Min revenue
$15,000/mo
Time in business
6+ months
Apply Now View profile
Best for Businesses with strong monthly sales that want repayment tied to revenue rather than a fixed schedule · Merchant cash advance
★★★★★ 5.0 (8)
Amount
$5K - $5M
Rate
From 9.99% APR
Terms
12 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses needing a large raise with flexible underwriting · Term loan · Also offers: merchant cash advance
★★★★★ 4.4 (7)
Amount
$5K - $500K
Rate
From 9.99% APR
Terms
2 - 24 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Businesses that want revenue-based funding priced as an APR rather than a factor rate · Merchant cash advance
★★★★★ 4.9 (11)
Amount
$10K - $1.5M
Rate
From 7.99% APR
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
6+ months
Apply Now View profile
Best for Businesses six months old that need a large term raise and want a line and an advance available too · Term loan · Also offers: line of credit, merchant cash advance
★★★★★ 4.6 (13)
Amount
$5K - $500K
Rate
From 9.99% APR
Terms
4 - 12 months
Min revenue
$10,000/mo
Time in business
6+ months
Apply Now View profile
Best for Businesses six months old that want a term loan without a full year of history · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (10)
Amount
$10K - $300K
Rate
From 8.39% APR
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
6+ months
Apply Now View profile
Best for Newer businesses that want a straightforward term loan with total cost visible before committing · Term loan
★★★★★ 4.4 (9)
Amount
$5K - $500K
Rate
From 16% APR
Terms
6 - 24 months
Min revenue
$8,333/mo
Time in business
6+ months
Apply Now View profile
Best for Businesses wanting term, revolving and revenue-based options under one roof from 6 months trading · Term loan · Also offers: line of credit, merchant cash advance
★★★★★ 4.8 (10)
Amount
$5K - $800K
Rate
From 7.99% APR
Terms
6 - 24 months
Min revenue
$5,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses with $5,000 a month in sales that want a term loan and a line of credit together · Term loan · Also offers: line of credit
★★★★★ 4.8 (6)
Amount
$5K - $50M
Rate
From 7% APR
Terms
5 - 96 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses seeking the lowest published rate or a very large raise · Term loan · Also offers: merchant cash advance
★★★★★ 4.8 (3)
Amount
$2.5K - $1M
Rate
From 7.5% APR
Terms
3 - 72 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses wanting a low rate with a long repayment runway · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (11)
Amount
$5K - $2M
Rate
From 7.99% APR
Terms
2 - 36 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses needing a large raise with short-term flexibility · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (11)
Amount
$5K - $300K
Rate
From 7.99% APR
Terms
3 - 12 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Established businesses wanting a short-cycle term loan at a low rate · Term loan · Also offers: merchant cash advance
★★★★★ 5.0 (2)
Amount
$5K - $300K
Rate
Factor 1.1 - 1.5 See true cost ›
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
3+ months
Apply Now View profile
Best for Very new Ontario businesses that cannot yet meet a six-month trading requirement · Merchant cash advance
★★★★★ 4.9 (7)
Amount
$250 - $1M
Rate
From 10% APR
Terms
3 - 60 months
Min revenue
$10,000/mo
Time in business
12+ months
Apply Now View profile
Best for Businesses needing a very small facility, or a large one, from the same provider · Term loan
Canada borrowing snapshot · H1 2026
Canadians requested an average of $98,168. top purpose: other (business).
Source: Smarter Loans platform data, H1 2026 · Full data in the Lending Demand Index
Requests by purpose · H1 2026
Other (Business)
21.9%
Start A Business
20.8%
Everyday Operations
14.7%
Source: Smarter Loans platform data, H1 2026. See the Lending Demand Index

Bad Credit Business Loans in Canada for Business Owners

If your credit score isn’t perfect, getting approved for a traditional business loan can be difficult. Many banks rely heavily on credit history when reviewing small business loan applications. Fortunately, there are lenders in Canada that specialize in providing financing to business owners with lower credit scores.

Bad credit business loans focus more on business revenue, cash flow, and overall performance rather than just credit score. This allows many entrepreneurs to access the capital they need to grow their businesses.

Through Smarter Loans, Canadian business owners can apply online for bad credit business financing and access lenders that offer fast approvals and flexible funding.

✅ Business funding from $5,000 to $500,000+ ✅ Options available for businesses with lower credit scores ✅ Fast online applications with minimal paperwork ✅ Funding for inventory, marketing, expansion, or working capital

If your business needs capital, apply now to see what funding options your business may qualify for.

One application. 14 lenders. Get Funded