How to get a loan for a brand new business?

How to get a loan for a brand new business?


It will be a challenge for you to get a loan for a brand new business that doesn’t generate any money, and this is pretty normal because lenders want to make sure you’re able to pay back the loan that they give you.

If you’re in the early stage of you business, quite often family and friends are your best option to obtain any financing, or you can take out a personal loan and use it for business purposes.

We can help connect you with the top personal loan providers in Canada. Get a personal loan now!

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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.