Trusted by More than 2,000,000 Canadians since 2016

Best Small Business Loans in Barrie for 2025

  • chAccess to over 50 lenders in one place
  • chTransparency in rates & terms
up Last updated

June 12, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Compare Lenders

AMOUNT
$5K - $500k
INTEREST RATE
Varies
TERMS
6 -12 Months
AMOUNT
$10K - $1.5M
INTEREST RATE
From 7.99%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
Varies
TERMS
4 - 12 Months
AMOUNT
$500 - $300K
INTEREST RATE
From 8.39%
TERMS
2 - 24 Months
AMOUNT
$5K - $300K
INTEREST RATE
From 7.99%
TERMS
Fixed, 4 - 18 Months
AMOUNT
$5K - $800K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$15K - $1M
INTEREST RATE
From 8%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 9.99%
TERMS
2 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$5,000 - $5 Million
INTEREST RATE
Varies
TERMS
12 months
AMOUNT
$5K - $50M
INTEREST RATE
From 7%
TERMS
5 - 96 Months
AMOUNT
$2.5K - $1M
INTEREST RATE
From 7.5%
TERMS
3 - 72 Months
AMOUNT
$5K - $2M
INTEREST RATE
From 7.99%
TERMS
2 - 36 Months
AMOUNT
$5K - $300K
INTEREST RATE
From 7.99%
TERMS
3 - 12 Months
AMOUNT
$3K - $5M
INTEREST RATE
From 13.99%
TERMS
1 - 60 Months
AMOUNT
$250 - $1M
INTEREST RATE
From 10%
TERMS
3 - 60 Months

More About Getting a Small Business Loan in Barrie


How to get a small business loan in Barrie


The requirements to get a business loan in Barrie are pretty simple: the business needs to be located in Ontario, incorporated/licensed/registered as appropriate, and when completing a loan application you will have to supply some financial information for the business. Exactly what information is required, and how it will be analyzed, depends on the lender you apply to. Many small business lenders perform a business credit check and have minimum income requirements, and ask to see bank statements, cash flow statements or financial records. But there are small business loans in Barrie that don’t rely on credit or income, so businesses in almost any situation will be able to find some form of financing. Just be sure you check a lender’s exact requirements before seeking business loan approval in Barrie from them.

How much can I get with a business loan in Barrie?


There are many different types of commercial loans in Barrie, and they offer different loan amounts. Secured loans, such as commercial mortgages, can be very large – up to $1 million or more for qualified borrowers. Fast business loans in Barrie offer up to $500,000 on an unsecured basis. Equipment loans can offer up to $750,000. Merchant cash advances typically offer one to two times a business’s monthly credit card revenue. The exact amount you can borrow therefore depends on what type of business finance in Barrie you apply for, and your business’s financial health when applying.

Where is the best place to get a small business loan in Barrie?


Private business loans in Barrie are available from banks, credit unions, online companies, private lenders and alternative lenders, and each has their own benefits and drawbacks. The best lender for you depends on how these benefits and drawbacks interact with your business’s particular needs and priorities. Most business owners look for a balance between cost, accessibility, flexibility, loan size and lender services, but the exact mix of these priorities will change which lender is best placed to help you. 

 

For example, if your business needs access to funds quickly, for example to cover emergency expenses, then accessibility and fast services are probably more of a priority than loan flexibility. Or, if your business needs long-term funding and budget is a big concern, then cost might be the only important factor. Understanding your business’s priorities will allow you to choose the best commercial financing in Barrie for your unique circumstances.

How to compare and find the best small business loan rates in Barrie


Regardless of your business’s other priorities, it should always be the aim to keep your loan costs as low as possible. You can do this by shopping around for the best interest rates for business loans in Barrie. Basically all business loan rates in Barrie are advertised online, and these are usually stated in APRs (annual percentage rates). The APR is the true measure of how much a loan will cost over a year, including loan fees, and so can reliably be used to compare different options to find the most cost-effective.

How to apply for a business loan in Barrie


Almost all business finance in Barrie is accessible online via secure loan application systems provided by each lender. In order to apply for a business loan in Barrie, you simply need to navigate to a lender’s website, locate their application form, complete it, and submit it. The information required on a loan application varies from lender to lender, but you can expect to be asked for some basic business information, as well as detailed financial information. Once submitted, it can take anything from a day to several weeks for the application to be processed.

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

Why Choose Smarter Loans?

smart

Access to Over 50 Lenders in One Place

smart

Transparency in Rates & Terms

smart

100% Free to Use

smart

Apply Once & Get Multiple Offers

smart

Save Time & Money

smart

Expert Tips and Advice

As seen on
  • logo
  • logo
  • logo
  • logo
  • logo
  • logo