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Business Loans British Columbia - Compare Providers
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Spring Financial Personal Loan | $500 – $35,000 | 9.99% – 34.95% | 6 – 84 months | Learn more |
 LendDirect Personal Line of Credit | Up to $10,000 | 34.99% | Not listed | Learn more |
 Mogo Finance Line of Credit | Up to $5,000 | 34.37% | Not listed | Learn more |
 easyfinancial Personal Loan (Unsecured) | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
 Fairstone Financial Unsecured Personal Loan | Up to $50,000† | 19.99% – 34.99%* | 6 – 120 months | Learn more |
 MDG Cash Installment Loan | Up to $20,000 | 19.8% – 34.99% | 36 – 85 months | Learn more |
 Fora Line Of Credit | $1,000 – $15,000 | 19.9% – 34.9% | Not listed | Learn more |
 Money Mart Installment Loan | $500 – $25,000 | 29.9% or 34.28% | 6 – 84 months | Learn more |
 SkyCap Financial Personal Loan | $500 – $100,000 | 12.99% – 34.99% | 9 – 60 months | Learn more |
 Cashco Financial Personal Loan – Flex Loan | Up to $9,000 | 35% | 6 – 60 months | Learn more |
 Magical Credit Magical Installment Loans | up to $20,000 | 19.99% – 35% | 12 - 60 months | Learn more |
 LoanMeNow Personal Loan | $500 – $1000 | Up to 32% | 3 months | Learn more |
 Green Loans Personal Loan | Up to $1,000 | Up to 35% | Not listed | Learn more |
 goPeer Personal Loan | $1,000 – $35,000 | 8.99% – 34.99% | 36 or 60 months | Learn more |
 GoLoans Installment Loan | $500 – $5,000 | Up to 32% | 3 – 4 months | Learn more |
 LendCare Installment Loan | $500 – $15,000 | 9.9% – 29.9% | 12 – 60 months | Learn more |
 Ledn Bitcoin-Backed Loan | $1,000 – $1,000,000 | 10.4% | 12 months | Learn more |
 Borrowell Personal Loan | Up to $35,000 | Starting at 12.99% | Up to 60 months | Learn more |
 Windmill Microlending Professional development loans | $15,000 | 6.7% | Up to 60 months | Learn more |
 Parachute Personal Loan | Up to $25,000 | 24.99% – 29.99% | 30 or 60 months | Learn more |
 Helium Loans Personal Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 514 Loans Personal Loan | $300 – $3000 | 22% – 32% | 3 – 4 months | Learn more |
 Credit Club Short Term Loan | $100 – $1,500 | $14 per $100 | Up to 62 days | Learn more |
 DMO Crédit Personal Loan | $300 – $1,000 | 28% – 35% | 90 days – 16 weeks | Learn more |
 Cash Depot Short-Term Loan | $300 – $3000 | 18% + fees | 6 months | Learn more |
 Financeit Personal Loans | $500 – $100,000 | Starting at 12.99% | Up to 60 months | Learn more |
 SimplyBorrowed Personal Installment Loan | $1,500 – $10,000 | Not listed | 12 – 60 months | Learn more |
 LM Credit Unsecured Personal Loan | $500 – $15,000 | 10.99% – 34.99% | 9 – 60 months | Learn more |
 Dashloans Personal Loan | Up to $1,250 | Up to 32% | 90 – 150 days | Learn more |
 Lamina Personal Loan | $300 – $1500 | Starting at 18% | 3 – 7 months | Learn more |
 Eastern Loans Personal Loan | $500 – $750 | ~23% | 3+ months | Learn more |
 Captain Cash Personal Loan | $500 – $1000 | 23% | 90 – 150 days | Learn more |
 Loan Away Personal Loan | Up to $5,000 | 19.9% – 35% | 6 – 36 months | Learn more |
 Credit2Go Short Term Loan | $250 – $1,500 | 23.99% – 29.99% | 3 – 4 months | Learn more |
 Progressa Debt Consolidation Loan | $1,000 – $15,000 | 19% – 34.95% | 12 – 60 months | Learn more |
 LM Financial Personal Loan | Up to $15,000 | Not listed | Not listed | Learn more |
 Afterpay Buy Now Pay Later | Varies | 0% | 6 or 8 weeks | Learn more |
 FlexMoney Installment Loan | $500 – $15,000 | Starting at 18.9% | 6 – 60 months | Learn more |
 Deposit My Cash Now Micro Loan | $300 – $3000 (first-time clients can receive up to $1,000) | 18% + fees | 6 months | Learn more |
 My Next Pay Micro Loan | $300 – $3000 (first-time clients can receive up to $1,000) | 18% + fees | 6 months | Learn more |
 Northstar Brokers Micro Loan | $300 – $3000 (first-time clients can receive up to $1,000) | 18% + fees | 6 months | Learn more |
 City Lending Centers (CLC) Micro Loan | $150 – $1,600 | 10 – 35% | 3 – 6 months | Learn more |
 APX Lending Crypto-Backed Loan | $10,000; no maximums | Not listed | 3 - 60 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 iCash Payday Loan | Up to $1,500 | $14 per $100 | Up to 62 days | Learn more |
 CashMoney Payday Loan | Up to $10,000 | Up to 34.99% | Up to 60 months | Learn more |
| Magical Credit Payday Loans | up to $20,000 | 19.99% – 35% | 12 - 60 months | Learn more |
 Wagepay Payday Loan | $100 – $1500 | $8 per $100 + 24% | Up to 62 days | Learn more |
 Mr. Payday Payday Loan | $100 – $1,500 | $14 per $100 | 14 – 31 days | Learn more |
 My Canada Payday Payday Loan | Up to $1,500 | $14 per $100 | Next payday, or the one after | Learn more |
 Speedy Cash Payday Loan | $200 – $1,500 | $14 per $100 | Next payday | Learn more |
 North’n Loans Payday Loans | $100 – $1,500 | $14 per $100 | Not listed | Learn more |
 Pay2Day Payday Loan | Up to $1,500 | $14 per $100 | Next payday, 42 days in Alberta | Learn more |
 Venue Financial Payday Loan | $50 – $1,500 | $14 per $100 | Up to 62 days | Learn more |
 GoDay Payday Loan | $100 – $1,500 | $14 per $100 | Next pay date, 14 – 30 days | Learn more |
 Loan Express Payday Loan | up to $1,500 | $14 per $100 | 14 days | Learn more |
 Focus Financial Inc. Payday Loan | $100 – $1,500 | $14 per $100 | Next payday | Learn more |
 Instant Payday Canada Payday Loan | Up to $1,500 | $14 per $100 | Up to 30 days | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Spring Financial Spark Loan | $100 – $2,500 | 28.9% (about 29.9% APR with the $1 access fee) May decrease as you unlock higher loan amounts | 12 months | Learn more |
 Bree Cash Advance | Up to $750 | 0% | Up to 90 days | Learn more |
 Nyble Line Of Credit | $30 – $250 | 0% | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Canada Drives Car Loan | Up to $100,000 | 3.99% - 19.9% | 24 -96 months | Learn more |
 SafeLend Auto Loan Refinance | Min $10,000 | 6.93% – 19.99% | 18 – 96 months | Learn more |
| easyfinancial Car Loan | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
 Car Loans Canada Car Loan | Not listed | Up to 29.99% | 12 – 96 months | Learn more |
 Eden Park Car Loan | Not listed | Not listed | Not listed | Learn more |
| Fairstone Financial Car Loan | Up to $50,000† | 19.99% – 34.99%* | 6 – 120 months | Learn more |
 Auto Credit Deals Car Loan | $5,000 – $75,000 | Not listed | 12 – 96 months | Learn more |
| LendCare Car Loan | Up to $50,000 | Not listed | Up to 60 months | Learn more |
| Helium Loans Auto Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 Carloans411 Auto Loan | Not listed | Not listed | 12 – 84 months | Learn more |
 2nd Chance Automotive Car Loan | Not listed | Starting at 4.2% | Not listed | Learn more |
 Prefera Finance Recreational Vehicle Loan | Not listed | Not listed | Not listed | Learn more |
 Royal Bank of Canada (RBC) Auto Loan | Starting $7,500 | Not listed | 12 – 96 months | Learn more |
| Min $7,500 | Not listed | 12 – 96 months | Learn more | |
 Desjardins Auto Loan | $7,500 + | Not listed | 6 – 96 months | Learn more |
 Auto Capital Canada Car Loan | Not listed | Not listed | Not listed | Learn more |
 Canada Auto Finance Auto Loans | $5,000 – $45,000 | 4.90 % – 29.95% | Not listed | Learn more |
 Coast Capital Savings Car Loans | Not listed | Not listed | Not listed | Learn more |
 National Powersports Financing Vehicle Financing | Not listed | Not listed | Not listed | Learn more |
 Rifco Auto Loan | Not listed | Starting at 12.9% | Not listed | Learn more |
 National Bank Auto Loan | Not listed | Not listed | up to 96 months | Learn more |
 Scotiabank Auto Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 Credit River Capital Inc Auto Loan | Not listed | Not listed | Not listed | Learn more |
 DealerPlan Financial Auto Loans | Not listed | Not listed | Not listed | Learn more |
 iA Auto Finance Auto Loan | Not listed | Starting at 10.99% | Not listed | Learn more |
 Loans2Go Auto Loan | Not listed | Not listed | Not listed | Learn more |
 LMG Finance Auto Loan | Not listed | Not listed | Not listed | Learn more |
 Toyloan Auto Loan | Not listed | Not listed | Not listed | Learn more |
 Go Auto Car Loans | Not listed | Not listed | 36 – 96 months | Learn more |
 TD Bank Car Loan | Up to $50,000 | Not listed | Up to 96 months | Learn more |
 Santander Car Loan | Not listed | Not listed | Up to 96 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Alpine Credits Home Equity Loan | $10,000 – $500,000 | Starting at 10% | Not listed | Learn more |
| Spring Financial Mortgages | Borrow up to 80% of your home's value | Rates shopped across 40+ banks and lenders Usually no broker fee; any fee is disclosed before you sign | Not listed | Learn more |
 nesto Mortgage Loans | Min $110,000 | 4.14% – 6.29% | 24– 120 months | Learn more |
 Frank Mortgage Mortgage Loans | $100,000 – $2,000,000 | Varies | 12 – 60 months | Learn more |
 Lotly Home Equity Loan | $5,000 + | 6% – 16% | 12 – 60 months | Learn more |
 Neo Mortgage Neo Mortgage™ | Not listed | Not listed | Not listed | Learn more |
 Blue Pearl Mortgage Mortgage | Not listed | Not listed | Not listed | Learn more |
 Capital Direct Home Equity Loan | $10,000 – $3,000,000 | Varies | 12 – 24 months | Learn more |
| Coast Capital Savings Mortgage | Not listed | Varies | 1 – 10 years | Learn more |
 Dominion Lending Center Mortgage | Not listed | Not listed | Not listed | Learn more |
 Mortgage Architects Mortgage | Not listed | 4.54% – 7.49% | 6 – 120 months | Learn more |
 Mortgage Alliance Mortgage | Not listed | 4.19% – 6.04% | 12 – 120 months | Learn more |
 First National Financial LP Residential Mortgage | Not listed | 4.49% – 6.63% | 1 – 10 years | Learn more |
 CanWise Mortgages | Not listed | 4.24% – 6.30% | Not listed | Learn more |
 CHIP Reverse Mortgage Reverse Mortgage | Not listed | Not listed | 12 – 60 months | Learn more |
 Equitable Bank Reverse Mortgage | Not listed | Varies | Not listed | Learn more |
 Think Financial Mortgage | Not listed | Not listed | Not listed | Learn more |
 Tangerine Mortgage | $50,000+ | Not listed | 12 – 120 months | Learn more |
 True North Mortgage Mortgage | $150,000 – $1,500,000 | 2.99% – 5.49% | 6 – 60 months | Learn more |
 Verico Mortgage | Not listed | Not listed | Not listed | Learn more |
 Leap Financial Home Equity Loan | Not listed | Not listed | Not listed | Learn more |
 Peoples Bank Mortgages | Not listed | 4.50% – 5.97% | 12 – 60 months | Learn more |
 Mortgage Intelligence Mortgage | Not listed | Not listed | Not listed | Learn more |
| Provider | Services | Details |
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| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 SharpShooter Funding Business Loan | $1,000 – $300,000 | Not listed | 12 – 120 months | Learn more |
 Merchant Growth Term Financing | $5,000 – $800,000 | Not listed | 6 – 24 months | Learn more |
 OnTap Capital Business Financing | $10,000 – $2,000,000 | 10%+ | Up to 36 months | Learn more |
 Primed Loans Business Financing | $10,000 – $20,000,000 | Not listed | Not listed | Learn more |
 Bizcap Working Capital | Up to 2 million | Not listed | Flexible | Learn more |
 Driven Business Loan | $10,000 – $300,000 | Not listed | 3 – 24 months | Learn more |
 Journey Capital Business Term Loan | $5,000 – $300,000 | 9% – 35% | Varies by product | Learn more |
 Lending Loop Small Business Loan | $ 1,000 – $500,000 | 4.96% – 24.93% | 1 – 60 months | Learn more |
 IOU Financial Term Loan | $15,000 – $1,500,000 | Not listed | 6 – 36 months | Learn more |
 iCommission Commission Advance | Up to $40,000 | $0.75 per $1,000 per day | Not listed | Learn more |
| Helium Loans Business Term Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 iCapital Commercial Loan | Up to $250,000 | Not listed | 3 – 24 months | Learn more |
 Canadian Equipment Finance Equipment Loan | $50,000 – $12,000,000 | Not listed | 24 – 96 months | Learn more |
 Dynamic Capital Equipment Loan | $3,000,000+ | Not listed | Not listed | Learn more |
 Easylease Corp Equipment Loan | Up to $5,000,000 | Not listed | 24 – 72 months | Learn more |
 Econolease Financial Services Inc. Equipment Leasing | $1,000 – $1,000,000 | 6% – 20% | Not listed | Learn more |
 FundThrough Invoice Financing | $500 – $50,000 | 2.75% – 8.25% | 12 week cycles | Learn more |
 Lease Link Working Capital Loan | Up to $250,000 | Not listed | Up to 48 months | Learn more |
 Money in Motion Equipment Loan | $10,000 – $1,000,000 | 4% – 14% | 12 – 84 months | Learn more |
| Royal Bank of Canada (RBC) Business Loan | Starting at $5,000 | Not listed | Up to 84 months | Learn more |
 Canadian Imperial Bank of Commerce (CIBC) Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 BarterPay Barter Loan | BP 2,500 – BP 100,000 | Not listed | 6 – 60 months | Learn more |
| National Bank Business Loan | Up to $1,000,000 | Not listed | Not listed | Learn more |
 B2B Bank Investment Loan | $10,000 – $300,000 | Not listed | Not listed | Learn more |
 Bank of Montreal (BMO) Business Loan | Up to $500,000 | Not listed | Up to 15 years | Learn more |
 BDC Business Loan | Up to $100,000 | Not listed | Not listed | Learn more |
| Scotiabank Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 CanaCap Merchant Cash Advance | Up to $250,000 | Not listed | Not listed | Learn more |
 Laurentian Bank of Canada Business Loan | Up to $250,000 | Not listed | Up to 10 years | Learn more |
 Essex Lease Financial Corporation Equipment Loan | Not listed | Not listed | Not listed | Learn more |
 Export Development Canada Commercial Financing | Not listed | Not listed | Not listed | Learn more |
 Leaseline Equipment Leasing | Not listed | Not listed | 24 – 60 months | Learn more |
 Peel Financial Equipment Loans | Not listed | Not listed | Not listed | Learn more |
 Core Capital Group Inc Equipment Financing | Not listed | Not listed | Not listed | Learn more |
 Loop Business Line of Credit | Not listed | Not listed | Not listed | Learn more |
| TD Bank Business Loan | Not listed | Not listed | 12 – 60 months | Learn more |
 2M7 Financial Solutions Merchant Cash Advance | $1000 – $250,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 BHM Financial Title Loan | Up to $50,000 | Not listed | Not listed | Learn more |
Rates last checked: October 2026
British Columbia is home to a wide range of different types of businesses that operate across the province. While these businesses are vastly different in their operations, they are all similar in that they require money and funding to get started and to continue to run smoothly. While some companies get investments or simply have enough working capital to run, others aren’t quite as lucky. For these companies, they will often require a business loan.
Thinking about applying for a personal loan in British Columbia? Read this first.
What is a Business Loan?
A business loan is a loan that is intended to be used for business-related purposes. It is similar to other types of loans in that they can come from banks, local lenders, or online lenders and come with terms and an interest rate. Of course, there are different types of business loans available in British Columbia such as unsecured loans, secured loans, cash advances, equipment financing, and more.
These loans can be used for anything business-related including:
- To pay the wages of your staff
- To buy new equipment for operations
- To move to a new location or expand your current one
- Marketing or other similar costs
The amount that you are able to get for a business loan (and the interest rate you get) will depend on a number of different factors including your credit, what you will use the business loan for, your business plan, and more.
How to Apply For Business Loans in British Columbia?
Now that you know a little about business loans and what they can be used for, how can you get one for your business? In order to explain the process a little easier, we have included a step by step breakdown of what you should do to apply for a business loan in British Columbia.
Step One: The first step is to shop around and see which lender you want to go with. Banks and local lenders in British Columbia are an option, but online lenders are also a great choice. Make sure they are legitimate before you apply for a loan from them.
Wondering how to compare lenders in Canada? Find out here.
Step Two: Once you know which lender you want to go with, you need to be sure your finances and credit are in check. Your credit report should be clean and your credit score should be as high as possible. It’s also a good idea to have no (or manageable) debt on your books.
Step Three: Once your finances and credit are acceptable, it is time to send in your application. Each lender in British Columbia will have different application requirements and many will want to know what you are using the money for, so be sure to have your business plan ready.
Step Four: Within a few days to a few weeks (depending on the lender you went with) you should hear back with their decision on whether to work with you or not.
Of course, before even carrying out these steps you should make sure you know exactly how much money you need from the loan.
Applying for a long-term loan in Canada? Look at this.
Business Loan Mistakes to Watch Out For
While there are many lenders in British Columbia that can work with nearly anyone to get a business loan (even those with bad credit or questionable credit), there are some business loan-related mistakes that you should look out for, such as:
- Make sure that you have enough money coming in to be able to pay off the loan payment each month. These loans (especially large ones) can come with large monthly payments.
- Don’t get a loan when you “might” need some money. If you have a deal to buy some new equipment, make sure it is official before you take out a loan. If not, you could be on the hook for the loan, with nothing to use the money on.
- You should know exactly how much you need to borrow. Getting a loan for too much money (or not enough) can have dire consequences and could leave you in financial trouble.
- Instead of going with the first bank or lender that you visit in British Columbia, you might want to explore some other options. Each lender will have their own terms and interest rates, so you are doing yourself a disservice by not shopping around.
- Never agree to a loan without first reading and understanding all of the terms and conditions first.
While getting approved for a business loan in British Columbia doesn’t need to be impossible, there are still some things you need to be aware of to ensure this loan doesn’t turn out to be a huge mistake for yourself and your business.
For more information about bad credit loans in British Columbia, check this out.
Frequently Asked Questions
Can I get a bad credit business loan in British Columbia?
Yes, you can get a business loan in BC even if you have bad credit. The best way to get a loan when you have bad credit is by applying with an alternative lender. Unlike banks, alternative lenders have flexible lending standards and base their approval on more than just your credit score. They often evaluate your creditworthiness on your debt levels, monthly sales, and other financial aspects of your business. It is also important to remember that while alternative lenders accept a range of credit profiles, they also usually charge higher rates than regular banks.
What kind of documents do I need to apply for a business loan in BC?
When applying for a business loan to help start your business or grow your business, you’ll need to provide a number of personal and financial documents. This includes your personal ID, proof of address, business tax ID number, business tax returns, business tax statements and more. If you’re a fairly new company you may even have to provide a business plan detailing how you’ll use the business loan and how it will help you grow.
What is a business credit score?
Like a personal credit score, a business credit score is a numerical measure of your creditworthiness as a business. The number ranges between 0 – 100 and can affect your business’s ability to access future credit. Like a personal credit score, your business credit score is affected by your businesses’ payment history and credit utilization. It is also affected by your business’s balance-to-limit ratio and the variety of business credits you use.
The Right Business Loan For Your Needs
If you are in need of a business loan in British Columbia, feel free to reach out to Loans Canada. We are confident that we can find the right loan for your business to ensure you can continue to grow and mature as a company.
