How long does it take to get a small business loan?

How long does it take to get a small business loan?


You can obtain a business loan in Canada in as little as 24-48 hours if you have all your documents prepared and meet all the eligibility requirements. To qualify for a business loan and obtain one quickly online, you must meet the following requirements:


  1. Your business has existed for at least 12 months
  2. Your business generates at least $10,000 in monthly revenue and is in good health


For more information on business loans in Canada, explore lenders and apply online, please head over to our Business Financing section.

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Vlad Sherbatov

Vlad is the President and Co-Founder of Smarter Loans, Canada's original and largest loan comparison website. He is a passionate entrepreneur and business leader in the Canadian financial sector. He was selected as a 2019 Top 25 Leaders in Lending by the Canadian Lenders Association. Vlad is an author at Smarter Loans, and has been featured in publications like the Toronto Star and National Post, among others.