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Business Loans New Brunswick

  • 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

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
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

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.

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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