Business Loans
made simple

Launch your business with simple financing

Here’s how it works

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Apply Online

Skip the wait and stress of in-person meetings and get great financing online.

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Best Match

We connect you with our certified financial broker and lender partners in your area.

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Loan Approval

After reviewing your application, our partners will inform you of your loan status.

Access the
best rates in Canada

With Comparewise, you’ll be able to compare the best business loans from the best lenders in Canada. Want to know what the latest business loan rates are in Canada? All you have to do is fill out the form above to try our free, no-obligation service, and we'll connect you with business loan brokers who get rates from a variety of lenders.

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Quick & Simple

Beat the market by accessing the best, most current rates in seconds.

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100% Free

You'll never pay a cent for Comparewise services. We're 100% lender-funded.

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Best Rates

We shop around so you don't have to. Skip the search and get the best rate.

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Safe & Secure

Rest assured that your application is secure. We connect you with only top providers.

FAQs about
Business Loans

Have a different question? Contact us today.

What is a business loan?

A business loan is when money is borrowed from a lender for business needs with an agreement to pay it back, with interest, in instalments over an agreed period. Business loans are specifically for business owners who need funding for business costs such as purchasing inventory or the expansion of their operation.

How does a business loan work?

A business loan works in the same way as any other loan. The business receives a certain amount of money from a lender and repays it over a specified period including accrued interest. Payments can be made either monthly, bi-weekly, or weekly until the full loan amount owing is paid.

Why should I get a business loan?

Acquiring funding in the form of a loan will enable you to purchase assets, such as new inventory or more efficient machinery, or to purchase property to expand your operation.

In a way, a business loan is an investment in your business by a lender. Therefore, before applying for one, determine how you will make the money to pay it back in the long term.

Get pre-approved for
a Business Loan

Launch major growth for your business.