Home › Business Loans for Restaurants and Bars in Canada

Business Loans for Restaurants and Bars in Canada

One application. 14 lenders from our 50+ network. Funded in 24 to 48 hours.

14 lenders in our network serve Canada. Borrow $250 to $50 million from 7% APR, with funding as fast as 48 hours. Most lenders require 12 months in business and $10,000 monthly revenue. Merchant cash advances are shown as factor rates, not APR. Rates reviewed August 2026.

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Revenue: AnyAmount: Any Product: Any Sort: Recommended
★★★★★ 4.6 (16)
Amount
$5K - $500K
Rate
Factor 1.1 - 1.5 See true cost ›
Terms
5 - 9 months
Min revenue
$15,000/mo
Time in business
6+ months
Best for Businesses with strong monthly sales that want repayment tied to revenue rather than a fixed schedule · Merchant cash advance
★★★★★ 5.0 (8)
Amount
$5K - $5M
Rate
From 9.99% APR
Terms
12 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Established businesses needing a large raise with flexible underwriting · Term loan · Also offers: merchant cash advance
★★★★★ 4.4 (7)
Amount
$5K - $500K
Rate
From 9.99% APR
Terms
2 - 24 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Businesses that want revenue-based funding priced as an APR rather than a factor rate · Merchant cash advance
★★★★★ 4.9 (11)
Amount
$10K - $1.5M
Rate
From 7.99% APR
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
6+ months
Best for Businesses six months old that need a large term raise and want a line and an advance available too · Term loan · Also offers: line of credit, merchant cash advance
★★★★★ 4.6 (13)
Amount
$5K - $500K
Rate
From 9.99% APR
Terms
4 - 12 months
Min revenue
$10,000/mo
Time in business
6+ months
Best for Businesses six months old that want a term loan without a full year of history · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (10)
Amount
$10K - $300K
Rate
From 8.39% APR
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
6+ months
Best for Newer businesses that want a straightforward term loan with total cost visible before committing · Term loan
★★★★★ 4.4 (9)
Amount
$5K - $500K
Rate
From 16% APR
Terms
6 - 24 months
Min revenue
$8,333/mo
Time in business
6+ months
Best for Businesses wanting term, revolving and revenue-based options under one roof from 6 months trading · Term loan · Also offers: line of credit, merchant cash advance
★★★★★ 4.8 (10)
Amount
$5K - $800K
Rate
From 7.99% APR
Terms
6 - 24 months
Min revenue
$5,000/mo
Time in business
12+ months
Best for Established businesses with $5,000 a month in sales that want a term loan and a line of credit together · Term loan · Also offers: line of credit
★★★★★ 4.8 (6)
Amount
$5K - $50M
Rate
From 7% APR
Terms
5 - 96 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Established businesses seeking the lowest published rate or a very large raise · Term loan · Also offers: merchant cash advance
★★★★★ 4.8 (3)
Amount
$2.5K - $1M
Rate
From 7.5% APR
Terms
3 - 72 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Established businesses wanting a low rate with a long repayment runway · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (11)
Amount
$5K - $2M
Rate
From 7.99% APR
Terms
2 - 36 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Established businesses needing a large raise with short-term flexibility · Term loan · Also offers: merchant cash advance
★★★★★ 4.6 (11)
Amount
$5K - $300K
Rate
From 7.99% APR
Terms
3 - 12 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Established businesses wanting a short-cycle term loan at a low rate · Term loan · Also offers: merchant cash advance
★★★★★ 5.0 (2)
Amount
$5K - $300K
Rate
Factor 1.1 - 1.5 See true cost ›
Terms
3 - 24 months
Min revenue
$10,000/mo
Time in business
3+ months
Best for Very new Ontario businesses that cannot yet meet a six-month trading requirement · Merchant cash advance
★★★★★ 4.9 (7)
Amount
$250 - $1M
Rate
From 10% APR
Terms
3 - 60 months
Min revenue
$10,000/mo
Time in business
12+ months
Best for Businesses needing a very small facility, or a large one, from the same provider · Term loan
Canada borrowing snapshot · H1 2026
Canadians requested an average of $98,168. top purpose: other (business).
Source: Smarter Loans platform data, H1 2026 · Full data in the Lending Demand Index
Requests by purpose · H1 2026
Other (Business)
21.9%
Start A Business
20.8%
Everyday Operations
14.7%
Source: Smarter Loans platform data, H1 2026. See the Lending Demand Index

Common questions

What financing is available for Canadian restaurants?

Working capital and merchant cash advances for operating needs, equipment financing for kitchen build-out, and term loans for expansion. Because card receipts are steady and verifiable, restaurants qualify readily for revenue-based products even without strong personal credit.

Why do so many restaurant lenders use daily or weekly repayment?

Because restaurant revenue arrives daily and a monthly lump payment strains cash flow more than the same amount taken in small increments. It suits the sector, but it means the effective cost is higher than a monthly-payment equivalent, so convert to an annualized cost before comparing.

Can a new restaurant get financing?

Harder, but possible. Most revenue-based lenders want a year of operating history. New operations more often use equipment financing secured by the kitchen assets, the Canada Small Business Financing Program through a bank, or personal borrowing by the owner.

One application. 14 lenders. Get Funded