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Business Loans and Financing for Clothing and Fashion Stores

  • chFinance inventory & operations. Borrow up to $1.5 Million
  • chRates from 7% APR. Apply Online
  • chCompare offers from Top Business Lenders in Canada
up Last updated

June 10, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

If you are interested in clothing store business loans, the good news is that through Smarter Loans you’ll be able to secure one in a highly convenient manner. Once you are ready to acquire a clothing store business loan, all you need to do is submit a simple online application. The most challenging aspect of an application is selecting a provider in the first place. With that being said, determining the right fit for you in terms of a company can be quite challenging if you aren’t familiar with the options. For this reason, we’ve put together a directory below where you’ll be able to access the most reputable clothing store business loans in Canada, all from one page. Apply to the provider that works best for you by referencing the options available in the list.

Compare terms, rates and offers in order to determine the absolute best fit for what you aim to accomplish. From there, click “Apply Now” to proceed with your selected provider. Alternatively, Smarter Loans is happy to assign you a qualified loan company from Canada if it is preferable for you to pre-apply.

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
$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

What are the Best Types of Business Loans for Clothing Stores & Boutiques?


Canada Business Financing Program Loans

Loans backed by the Canada Small Business Financing Program (CSBFP) come with better rates. Because the program sees the CSBFP share the risk of loans with select lenders, these lenders can offer you better rates. You can find these loans from reputable lenders who work with the CSBFP.

Revolving Lines of Credit

A business revolving line of credit has many applications for a clothing store. You can use your pool of credit to finance any purchase you need to. A revolving line of credit ultimately gives a clothing store the financial freedom it needs to not struggle to make any particular purchase.

Term Loans

A term loan is the most generic option among clothing store loans. You can use a business term loan to purchase anything your business needs.

 

Clothing Store Business Loans

Merchant Cash Advance

If your clothing business gets many sales with credit cards, an MCA is a possible option. An MCA isn’t like any of the traditional business loan options. Instead of a lump sum with a repayment term, an MCA is just an advance that you pay back through portions of future credit card sales.

 

 

What are the main purposes for Clothing Stores & Boutiques Business Loans?


Stocking Up

If you’re low on stock but would rather not make a large payment with your available cash, you can get a loan. Clothing store loans are often used to restock inventory.

Renovations

Renovating a retail clothing store will cost a lot. However, renovations often pay themselves off through the enhanced customer satisfaction they provide. This makes renovations one of the more common reasons to get a clothing store loan.

Expanding or Opening a New Location

When your clothing store is doing well, there is often nothing to do but grow. Clothing store loans are often used to expand a clothing store business. This is a reason to get a loan that can pay itself off safely with increased foot traffic and sales.

Marketing and Promotion

Clothing stores and boutiques live off of the publicity they get. If you need to spread the word about your business, you can always take out a clothing store loan to build publicity.

 

How Do You Apply For a Small Business Loan for a Clothing Store?


If you need a business loan for your clothing store, you should start by looking for the business lenders that can serve you. Different lenders offer different:

· Speeds
· Interest rates
· Funding totals
· Minimum borrowing requirements

When you find the best lender that you qualify for, you will have to send an application. The lender will review your credit score and your business financial information. They will then use this assessment to come up with the terms of their offer.

When the lender sends you an offer, you can then choose to accept it with a full application. Once you accept, the money should be transferred to you quickly and the terms of the loan will be active.

 

Frequently Asked Questions about Loans for Clothing Stores


How long does it take to get a loan for a clothing store?

The wait times for any business loan will depend on the lender you go to. A typical bank will take at least 10 business days to assess your loan. An alternative lender may approve your application in one day, but many will take longer (3 to 4 days).

Can I get a business loan for a clothing store with bad credit?

Yes, you can almost always get a business loan. If you have a low credit score, your choices will be more limited. You will also be offered worse rates and smaller loans by the lenders you go to. However, bad credit lenders aren’t in a rush to turn businesses down over bad credit.

How big of a business loan can I get for a clothing store?

The size of a clothing store loan you can get will depend on your lender and your financial information. Lenders will trust you with larger loans if your credit score and clothing store’s profit margins are higher. Typically, a clothing store business loan is $30,000 - $100,000.

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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!”

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