Business Loans
Business Loan up to $100000/-
All businesses encounter times when they need money for a specific purchase, improvement project, working capital or expansion. If your financing needs are well defined and you prefer a predictable repayment plan, a term loan can be the right choice.
Up to $100000/-
Easy Application
Quick Approval
Must be two years in Business with Positive Cash Flow
Small Business Loans (Govt. Guaranteed) Up to 1000000/- ($350000/- for Leasehold improvements & $650000 for Real Estate)
A Small Business Loan can help you purchase business assets or finance expansion plans.
Fixed or floating interest rates are available for Small Business Loans.
Flexible security options include: business assets, business real estate, residential real estate (full or partial), liquid or margin security (full or partial)
Flexible payment options: Choice of 1 to 5-year fixed-rate terms. Amortization up to 30 years, based upon the useful life of the asset financed
Floating interest rate options available based on Prime Rate with no prepayment penalties
Fixed interest rate options available with the flexibility to make up to 10% principal pre-payments of the original loan amount annually without penalty
If you are starting a new business then you should know that you need startup money for your new business venture. However, dealing with banks can present its own challenges since requirements and regulations have become quite strict. A business loan specialist can help you find other funding sources that come with many great benefits.
Business Loan (Existing Business)
All businesses encounter times when they need money for a specific purchase, improvement project, working capital or expansion. If your financing needs are well defined and you prefer a predictable repayment plan, a term loan can be the right choice.
Our experienced business advisors will work with you to develop a borrowing plan that really fits your needs. Choose from fixed or variable rate loans and a wide range of payment options. And remember, while term loan lengths often extend up to seven years, for the purchase of equipment, vehicles or machinery, the loan duration can't exceed the useful life of the items being purchased.
Small businesses often don’t meet all of the criteria required by traditional lenders, particularly at the start-up stage which can last up to 3 years from the day you open for business. In fact, even well-established businesses can face difficulties accessing the capital required to grow and take advantage of new opportunities. Our team of business advisors can take the lead or partner with traditional lenders in meeting your unique financing needs, playing a key role in each instance. Whether you need $100000 or $100,000,000 to achieve your Busines Goals, TheMortgageRate.ca might be the right partner. With flexible terms, reasonable interest rates and generally less restrictive security requirements, we can help get the loan approved for
Renovation improvements to an owner-occupied or leasehold property
Purchase of vehicles, machinery or equipment
Inventory purchases
Investments
Refinancing existing loans
Expansion through the purchase of another company, company shares, or assets
Our goal is to work with you to identify and create the right financing solution to meet your business’s specific needs. With flexible and affordable loan products designed with entrepreneurs in mind, TheMortgageRate.ca can help you take on new challenges.
Get in touch with one of our business loan specialists to discuss the best financing option for you.
Our Specialties
Flexible funding programs
Tailored solutions to fit each merchant’s individual needs
High approval rates
Less stringent lending criteria
Quick access to the financing you need
Expansion through the purchase of another company, company shares, or assets
Of course, there are some benefits for the sellers, too: They get a long-term tenant who has a big stake in taking care of the property, and the nonrefundable option fee helps reduce some of their risk if the buyer eventually walks.
