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Business Loans New Brunswick

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up Last updated

October 11, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

As one of Canada’s coastal provinces, New Brunswick is home to many businesses both large and small. If it’s time for your business to pursue extra financing, there are several options for business loans in New Brunswick. With Smarter Loans, you can browse all the available options and find the ideal solution for your business. Online small business loans work almost the same way traditional loans do, but tend to be far more convenient. Applying for a small business loan in New Brunswick is simple and fast, and getting approved is much easier than being approved for a traditional loan.

Compare Lenders

AMOUNT
$5K - $500k
INTEREST RATE
Varies
TERMS
5 -9 Months
AMOUNT
$5K - $1M
INTEREST RATE
5 to 25%
TERMS
6 to 48 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
$10,000 - $300K
INTEREST RATE
From 8.39%
TERMS
3 - 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
$1,000 - $1.5M
INTEREST RATE
From 2% per Month
TERMS
1 - 12 Months
AMOUNT
$5K - $300K
INTEREST RATE
From 7.99%
TERMS
3 - 12 Months
AMOUNT
$250 - $1M
INTEREST RATE
From 10%
TERMS
3 - 60 Months
View More Lenders

Frequently Asked Questions

 

How do I get a business loan in New Brunswick?


There are a few ways to get a business loan in New Brunswick.

One place where you can find business financing in New Brunswick will come from government grants. The provincial or federal government might be able to give you the funding you need. Programs like the Canada Small Business Financing Program can provide loans at rates with low caps so you can be sure you’re getting an affordable deal.

You can resort to business loans from banks or credit unions if you can’t access government funding. Banks provide good rates for business loans and they usually offer good service.

If you need a fast loan or can’t get approved by a bank, you can look to online lenders. Online business loan providers usually offer much faster approvals, but their rates are higher. Make sure you understand the full cost of the loan before committing to it, regardless of the lender you choose to go with.

 

Are there any provincial government business loan programs for New Brunswick-based businesses?


There are specific government loan programs for business owners that fit certain descriptions. Try looking to see if you qualify for any of the following:

  • The Atlantic Canada Opportunities Agency
  • Operation Entrepreneur
  • Youth in Agriculture

These programs and many more are set up to provide loans and professional support to Canadian and regional business owners. Try to do more research to find any program that you can qualify for.

 

How do you apply for a business loan in New Brunswick?


Applying for a business loan in New Brunswick is easy and takes a few simple steps.

1. Find an ideal lender who will work with you
2. Send that lender an application
3. Wait for the lender’s response
4. If they send an offer, review the terms they are offering you
5. Send the documents needed for final approval
6. Once you accept, the lender will send you the money and you must repay them according to the terms you agreed to

 

What are the eligibility criteria for a business loan in New Brunswick?


You are most likely eligible for several different business loans in New Brunswick, as long as a business has been operational for at least a year and generates at least $5,000 – $10,000 in monthly revenue.

 

If you have a business in New Brunswick, you will need to provide a lender with:

  • Government ID
  • Business financial information
  • Basic personal information

The lender will look at your business’s finances and pull your personal credit score to come up with terms to offer you. Different lenders may ask for proof of certain revenues or other requirements. Make sure you meet a lender’s requirements before applying for a loan.

 

How fast can I get a business loan in New Brunswick?


Every lender will have a different approval process. So, your wait times will depend on the lender you go to.

Broadly speaking, government funding options take the longest to acquire. Banks will take a few weeks to approve a loan most of the time. With alternative lenders, you will get the fastest possible service. Some alternative lenders can approve a loan in just a few hours and send you the money in one business day.

 

How big of a business loan can get?


The sum of your business loan is another factor that depends on the lender you go to. In New Brunswick, you can access loans of up to $500,000 online. You can refer to our table to compare lenders and the amounts they can lend you.

 

Can I get a business loan with bad credit in New Brunswick?


Yes, there are plenty of bad credit loan options available in New Brunswick. Alternative lenders have a lower credit score threshold, so you can get a fast loan from them even if your credit score is low. Of course, bad credit business loans will come with a higher interest rate. That being said, you should still be able to find a fast and convenient business loan.

Expert Review & Editorial Standards

This page was researched, written, and reviewed by financial professionals with expertise in Canadian lending regulations. All information is regularly updated to reflect current rates, terms, and regulatory changes.

Jenna West
Reviewed By

Jenna West

Financial Writer & Content Director

Jenna has covered the Canadian FinTech and consumer lending industry since 2017. She specializes in regulatory updates, consumer protection, and helping Canadians navigate complex financial products.

  • 8+ years analyzing Canadian consumer lending
  • Monitors FCAC and provincial regulatory changes
  • Specializes in personal loans and alternative lending
Amy Orr
Written By

Amy Orr

Financial Content Specialist

Amy is a financial writer with 10+ years covering Canadian, U.S., and U.K. financial markets. She holds a Masters in Finance from the University of Edinburgh Business School and formerly worked in the hedge fund sector.

  • Masters in Finance, University of Edinburgh
  • Former hedge fund professional
  • Published in major financial publications

About Smarter Loans

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Every page undergoes research, expert writing, fact-checking, and review by our Financial Content Director. We verify all rates, terms, and regulatory information against official sources including FCAC guidelines and provincial lending regulations.

Last Updated: October 11, 2025 | Next Review: Ongoing monitoring

Awesome G. profile pictureAwesome G.
04:46 26 Feb 25
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Pat M. profile picturePat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H. profile pictureChris “Stufphr” H.
02:07 26 Feb 25
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Dan Bott (. profile pictureDan Bott (.
01:41 26 Feb 25
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joel K. profile picturejoel K.
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Nate C. profile pictureNate C.
13:22 27 Oct 24
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Vincent J. profile pictureVincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H. profile pictureKels 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. profile pictureTara 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. profile pictureA S.
19:43 11 Oct 24
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