Business Loans in Ontario: Best Rates for 2025

BizFund is an established, fast growing, alternate business funding solution, for small to mid-size businesses. Based in New York, with offices across the globe, we are excited to bring our 10 years of business funding expertise and resources to the Canadian market. As our tag line says, we are loyal to you and your growth. We value our partners and merchants, and stand behind every investment from start to finish, whether funds are being used for inventory, upgrades, expansion, human capital/wages, and/or marketing to name a few – we will partner with you for the duration of the funding.

Canacap’s number one priority is to put the power of business growth back in the business owner’s hands by giving you convenient access to working capital without the massive paperwork, complications, and delays of a traditional bank. Our one page application process is fast, easy, and free. Many business owners have been denied traditional loans by their banks and other lending institutions – that’s where we step in. Our expert in-house underwriters help our clients get approved for financing quickly and with minimal paperwork.

With no collateral required, our approval rates for applicants is over 90% and most businesses are funded within 24-48 hours! You can use your funds to buy inventory, invest in equipment, build a website, hire staff, and do whatever you need to grow your business.

Driven is Canada’s leading fintech dedicated to small businesses. It provides flexible capital, personalized support, and next-generation data science and technology to Canadian small business owners. Since 2006, Driven has empowered more than 17,000 Canadian businesses to survive, thrive, and grow to their full potential.

Journey Capital, a proudly Canadian enterprise, boasts a seasoned team and leadership dedicated to providing top-tier financing solutions for Canadian small businesses. With a focus on people-first principles, they offer an extensive array of online lending services, including Business Term Loans, Business Lines of Credit, and Flex Fund merchant advances. Since their establishment in 2009, Journey Capital has led the industry in transparent, efficient, and data-driven lending practices, leveraging technology to deliver rapid funding to a diverse range of Canadian enterprises.

We are one of Canada’s fastest and most friendly alternative financiers. We’ve been helping businesses grow since 2009, it’s all we do and we love doing it. Our innovative approach blends thoughtful customer care, complete transparency, and the latest technology to provide fast accessible financing to small businesses in Canada. Basically, we work really hard to make business financing easy to understand, accessible for everyone, and make the whole process quick…really quick.

Merchant Growth is a member of the Canadian Lenders Association:

Elevate your business financing experience with Advance Funds Network. They have been funding businesses in Canada & the United States since 2008 with over 1,000 positive online reviews. Advance Funds Network offers a wide array of financing options, including working capital, invoice factoring, bridge financing, and lines of credit. The whole funding process takes between 24-48 hours with No Collateral required! Apply today and get a free quote within a few hours!

Advance Funds Network is a member of the Canadian Lenders Association:

KM Capital, Your Partner in Business Growth

KM Capital is committed to helping Canadian businesses thrive. As an innovative alternative funding provider, KM Capital understands small and medium-sized businesses’ challenges when traditional financing options fall short. That’s why they specialize in flexible Merchant Cash Advances tailored to every client’s needs.

Their streamlined one-page application process is simple, fast, and free, designed to make securing funding easier than ever. With a team of diligent in-house underwriting experts, KM Capital approves over 90% of applications and delivers funds within as little as 24–48 hours, with no collateral required.

You can use this funding to take your business to the next level—purchasing inventory, upgrading equipment, hiring staff, or launching a website. Let KM Capital be your trusted partner in business growth by helping you overcome challenges and seize new opportunities. With KM Capital, the possibilities are limitless.

Clara Capital is one of Canada’s most reliable sources for Small Business Loans. Clara Capital provides access to quick and affordable funding options for all types of businesses. They pride themselves on being the lending partner that helps facilitate growth while always providing exceptional, dedicated service. Every business is different and their goal is to place their clients in the type of funding product that will allow for maximum growth potential

NewCo Capital Group is a direct alternative capital provider specializing in Receivables-Based Financing (RBF) and working capital solutions for small and medium-sized businesses. Based in the U.S. and now expanding into Canada, we empower business owners with fast, transparent, and flexible funding. They proudly serve over 60 industries, including retail, healthcare, construction, and transportation. NewCo’s streamlined process allows for approvals within hours and funding in as little as 24 hours – sometimes the same day. Whether you’re looking to manage cash flow, seize a growth opportunity, or bridge a short-term gap, NewCo delivers the capital to move your business forward.

Now available to Canadian businesses, NewCo is bringing its proven funding model and commitment to service across borders – helping more entrepreneurs access the support they need to thrive.

As an official member of the Forbes Finance Council and a certified Great Place to Work®, NewCo Capital Group is recognized for its commitment to responsible financing and exceptional client service. With a focus on industries ranging from retail and healthcare to construction and hospitality, NewCo continues to drive positive change by providing the capital businesses need to thrive.

Capital For Market is a Canadian Business Loan Brokerage that serves the North American market. With focus on Canada and the US. They are a boutique company serving a niche market. Taking pride in growing their clients beyond just getting loans. They were voted Best Business Loan Brokerage in Canada 2023 and Most Client Focused Business Loan Brokerage in North America 2023. Due to their ability to match client needs to appropriate lenders their success rate of accepted clients is more than 90%.They are members of CFLA (Canadian Finance Lease Association), NEFA (National Equipment Finance Association) and The Oakville Chamber of Commerce. Imagine what they can do for your company. Let them help you grow.

Nexus Finance is a trusted Canadian business financing provider dedicated to helping small and medium-sized businesses thrive. With a focus on speed, flexibility, and transparency, Nexus Finance connects entrepreneurs with the funding solutions they need to manage cash flow, invest in growth, or navigate unexpected expenses.

Serving businesses across all provinces in Canada, Nexus Finance offers a variety of financing options — including merchant cash advances, lines of credit, unsecured term loans, invoice factoring, and point of sale financing. With a streamlined application process, same-day funding availability, and access to a network of reputable Canadian lenders, Nexus Finance empowers business owners to make confident financial decisions.

To date, the company has released over $100 million in funding to Canadian businesses, supporting their journey from stability to success.

Founded in 2020, MHB Financial has quickly established itself as a trusted partner for Canadian businesses seeking working capital solutions. With a focus on speed, flexibility, and transparency, MHB Financial has empowered over 10,000 clients to achieve their financial goals, facilitating more than $100 million in funding to date.

MHB Financial stands out by combining personalized service with a commitment to delivering the best possible financing options. Acting as both a lender and a broker, they ensure clients receive competitive rates and tailored solutions designed to meet the unique needs of their businesses.

Services Offered:

• Unsecured Term Loans: Flexible funding without the need for collateral
• Invoice Factoring: Turn outstanding invoices into immediate cash flow
• Merchant Cash Advances: Funding tied to future sales for businesses on the move
• Lines of Credit: Access capital when you need it, up to a set limit
• Secured Asset-Based Loans: Financing backed by business assets
• Point of Sale Financing: Solutions to support customer purchases
• Custom Financial Solutions: Tailored funding options to fit any business need

With a streamlined application process, same-day funding, and a client-first approach, MHB Financial is dedicated to helping Canadian businesses thrive in today’s competitive marketplace.

Greenbox Capital is an alternative lender supporting the growth of small businesses in Canada and the United States. When you work with us, you can be assured of getting fast funding with ongoing communication throughout the process. At Greenbox Capital, we fund with integrity and take a personalized approach to your funding needs.  It’s always people first.

Voxen Capital is a leading provider of customized financing solutions, dedicated to empowering Canadian businesses across a range of industries. Our expertise spans business loans, invoice financing, equipment leasing, and working capital, offering the flexibility businesses need to optimize cash flow and pursue new growth opportunities. With a streamlined application process, we ensure fast funding—often within 24 hours—so our clients can achieve their goals and reach new heights. Learn more about how we support ambitious business growth at Voxen Capital.

Loop is a banking platform built specifically for the needs of growing ecommerce businesses. Loop offers a multi-currency corporate Mastercard®, seamless payments to suppliers around the world at market-leading FX rates, real US Dollar bank accounts and capital solutions for D2C brands.

The Loop team has been building financial products for Canadian businesses for the better part of a decade. Since day 1, they have been exclusively focused on supporting the small business ecosystem. They’ve advocated for banking reform, pioneered low-cost funding methods for SMBs and lent more than $100M to businesses across the country.