Small & Medium Enterprises

BUSINESS LOANS AND INDUSTRIES (SMEs)

Let’s explore the world of business loans and the diverse industries they support:

  1. Types of Business Loans:
      • Business Line of Credit: Provides flexible access to funds for day-to-day operations.
      • Working Capital Loan: Helps cover short-term operational expenses.
      • Term Loan: Offers a lump sum with fixed repayment terms.
      • MCA (Merchant Cash Advance): Based on future credit card sales.
      • Equipment Financing: Specifically for purchasing equipment.
      • SBA Loans: Backed by the Small Business Administration.
      • Accounts Receivable Financing: Uses outstanding invoices as collateral.
      • Black Business Loans: Tailored for Black-owned businesses.
      • Franchise Financing: Supports franchisees.
  2. Industries We Serve:
        • Advertising Agencies
        • Aerospace
        • Agriculture
        • Apparel
        • Auto Repair
        • Beauty/Nail Salon
        • Biotechnology
        • Construction
        • Consulting
        • Education
        • Healthcare
        • Hospitality
        • Manufacturing
        • Technology
        • Transportation
        • And many more!

Remember, whether you’re a small business or part of a large industry, there are financing options available to fuel your growth. Let’s find the right fit for your business!

How to Apply for a Business Loan

Applying for a business loan involves several steps. Let’s break it down:

  1. Determine Your Need:
    • Understand why you need the loan. Is it for working capital, expansion, equipment, or another purpose?
  2. Assess Your Qualifications:
    • Lenders evaluate your creditworthiness. Check your credit score and financial health.
    • Consider factors like time in business, revenue, and profitability.
  3. Choose the Right Loan Type:
    • Different loans serve different purposes:
      • Business Line of Credit: Flexible access to funds.
      • Working Capital Loan: Covers short-term operational expenses.
      • Term Loan: Lump sum with fixed repayment terms.
      • MCA (Merchant Cash Advance): Based on future credit card sales.
      • Equipment Financing: For specific equipment purchases.
      • SBA Loans: Backed by the Small Business Administration.
      • And more.
  4. Select a Lender:
    • Research lenders offering the type of loan you need.
    • Compare interest rates, terms, and fees.
  5. Gather Required Documents:
    • Common documents include:
      • Business plan
      • Financial statements (balance sheet, income statement)
      • Tax returns
      • Bank statements
      • Legal documents (licenses, contracts)
  6. Submit Your Application:
    • Complete the lender’s application form.
    • Be thorough and accurate.
    • Provide all requested documentation.

Remember, each lender may have specific requirements, so follow their guidelines closely. Good luck with your business loan application!

TO APPLY FOR A BUSINESS LOAN (SMEs)

For Canada businesses, click the button below:

For USA businesses, click the button below:

And if you’re a startup in the USA, click the button below:

Address

415 Oakdale Road
Suite 208
Toronto, ON M3N 1W7

Hours

Mon - Fri: 9 AM - 7 PM
Sat: By Appointment
Sun: Closed