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Best Small Business Loans in Montreal for 2025

  • chBusiness Loans from $5,000 up to $1.5 Million
  • chRates from 7% APR
  • chGet offers from Top Business Lenders in Canada
up Last updated

June 09, 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
$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
$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 Montreal


How to get a small business loan in Montreal


Obtaining business loan approval in Montreal is not as hard as you might think. The first thing you have to do is pick a type of commercial financing in Montreal to apply for. Your options include commercial mortgages, business lines of credit, business credit cards, commercial vehicle loans, merchant cash advances, online loans, traditional installment loans, equipment loans, and bad credit business loans.

 

You also need to pick a lender to apply to; available lenders include banks, credit unions, online lenders, alternative financing companies, private lenders, and community development organizations. All offer private business loans in Montreal; you need to pick one whose advantages align with your business’s priorities, and whose applicant criteria your business meets. 

 

You can then complete a loan application form; you’ll need to supply relevant business information, business records and possibly financial documents. Only once this application is processed and approved will loan funds be disbursed.

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


Your business’s financial circumstances will heavily influence how much it can access via commercial loans in Montreal. This is because lenders of business loans assess applicants on their credit profile, income, business history, assets and existing debts to determine how much they are willing to lend to them. Businesses in strong financial positions will be able to borrow more than those with poor credit, a limited history or low income. But there are still options for all businesses, including fast business loans in Montreal of up to $500,000.

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


We mentioned above the variety of different small business lenders in Montreal; choosing a single lender from among this diverse marketplace can seem challenging. A good place to start is to know that every type of lender has their own pros and cons; banks and credit unions, for example, are very competitive in terms of cost, but have slow processes and tough eligibility criteria. Online companies are fast and flexible, but you may pay more for convenience. Private lenders can be both cost-effective and flexible, but are harder to find. Your business’s priorities will influence which type of lender is best suited to provide you with business financing in Montreal.

 

Secondarily, different individual lenders have varying rates and terms for small business loans in Montreal; so even after selecting a type of lender, you need to shop around to compare terms and find the best deal for your business.

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


There are a few ways to find the lowest business loan rates in Montreal. The first, and most obvious, is to shop around. As different lenders have different interest rates for business loans in Montreal, it is well worth spending some time comparing options to find the most cost-effective. The second way is to consider the loan type; secured loans have lower interest rates than unsecured loans, so you will be able to find a better rate if you provide loan collateral. If this is not an option, a co-signer for the loan can have the same effect. 

How to apply for a business loan in Montreal


Here are the simple steps you need to take to apply for a business loan in Montreal:

  1. Research lenders and loans to find those that meet your financial needs
  2. Research whose requirements to get a business loan in Montreal your business meets
  3. Select a lender based on the above two factors
  4. Navigate to your chosen lender’s website to find their online application form for business finance in Montreal
  5. Complete this application form using your business’s data
  6. Submit the completed form for review
  7. Wait for a response; this can take a few days to a few weeks

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!”

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