What is the average business loan amount?

What is the average business loan amount?


This depends on the type of business you have. For most small businesses that are trying to obtain financing for things like inventory, expansion, investment into marketing, improvement to equipment or upgrades, typical loan amounts are $30,000, $50,000, $75,000 to $100,000 dollars.

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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.