Business Loans Hamilton

Business Loans Hamilton - Compare Providers

Select Category

• Personal
• Commercial
• Auto
• Title
• Mortgage
• Debt Relief

• Personal
• Commercial
• Auto
• Title
• Mortgage
• Debt Relief

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
20	1718582400		$100 – $1500	Max of $8 per $100 & 24% interest up to 62 days	Next payday (max 62 days)	$100 – $1500
100	1709683200		Up to $1,250	Up to 32%	90 – 150 days	Up to $1,250
23	1700524800		Up to $25,000	24.99% – 29.99%	30 or 60	Up to $25,000
16	1700524800		$100 – $1,000	29% – 35%	9 – 24	$100 – $1,000
18	1695254400		$500 – $5,000	Up to 32%	3 – 4	$500 – $5,000
7	1692748800		Up to $350	0%	Up to 65 days	Up to $350
100	1688083200		$150 – $1,600	10 – 35%	3 – 6	$150 – $1,600
100	1686182400		$300 – $3,000	18% + fees	6	$300 – $3,000
100	1686182400		$300 – $3,000	18% + fees	6	$300 – $3,000
100	1686182400		$300 – $3,000	18% + fees	6	$300 – $3,000
22	1683676800		$15,000	6.7%	Up to 60	$15,000
2	1670889600		$1,000 – $15,000	19.9% – 34.9%	–	$1,000 – $15,000
8	1666051200		$250	0%	–	$250
100	1643932800		$500 – $15,000	Starting at 18.9%	6 – 60	$500 – $15,000
100	1642723200		Up to $1,500	$14 per $100 borrowed	14 days	Up to $1,500
100	1623369600		Varies	0%	6 or 8 weeks	Varies
1	1620777600		Up to $35,000	9.99% – 35%	6 – 60	Up to $35,000
24	1607558400		$500 – $50,000	Varies	6 – 60	$500 – $50,000
100	1600646400		$1,000 – $35,000	12.99% – 29.99%	12 – 84	$1,000 – $35,000
100	1598918400		Up to $15,000	–	–	Up to $15,000
100	1598832000		$500 – $15,000	Start at 10.99%	9 – 60	$500 – $15,000
100	1551830400		Up to $500,000	5.75% – 9.9%	–	Up to $500,000
19	1582243200		–	–	Up to 60	–
100	1581033600		$5,000+	–	Up to 60	$5,000+
100	1580860800		$1,500 – $10,000	–	12 – 60	$1,500 – $10,000
17	1580774400		$1,000 – $25,000	8.99% – 34.99%	36 or 60	$1,000 – $25,000
100	1579478400		$100 – $1,500	–	–	$100 – $1,500
14	1579478400		$850 – $1,600	29.78% – 34.95%	36 months	$850 – $1,600
100	1579219200		Up to $1,500	$14 per $100 borrowed	Up to 30 days	Up to $1,500
100	1576713600		$500 – $100,000	Starting at 12.99%	Up to 60	$500 – $100,000
100	1562198400		$500 – $15,000	15.99 – 35%	6 – 60	$500 – $15,000
10	1552262400		$500 – $18,000	29.9% or 34.28%	6 – 60	$500 – $18,000
100	1551830400		$100 – $1,000	$14 per $100 borrowed	14 days	$100 – $1,000
100	1551830400		$1,000 – $15,000	19% – 34.95%	12 – 60	$1,000 – $15,000
100	1551398400		Up to $1,500	$14 per $100 borrowed	14 days	Up to $1,500
100	1551398400		$100 – $1,500	$14 per $100 borrowed	14 – 31 days	$100 – $1,500
100	1551398400		Up to $1,500	$14 per $100 borrowed	14 days	Up to $1,500
100	1546128000		Up to $5,000	19.9% – 35%	6 – 36	Up to $5,000
100	1551139200		$250 – $1,250	29% – 32%	3 – 6	$250 – $1,250
23	1551139200		Up to $15,000	34.99%	Open-end	Up to $15,000
100	1550534400		$100 – $1,500	$14 per $100 borrowed	14 days	$100 – $1,500
11	1569974400		Up to $1,500	$14 per $100 borrowed	Up to 62 days	Up to $1,500
100	1550534400		Up to $1,500	$14 per $100 borrowed	14 days	Up to $1,500
100	1550534400		$500 – $1,000	23%	3 – 6	$500 – $1,000
100	1550534400		$300 – $1,000	Up to 38%	3 – 4	$300 – $1,000
100	1549411200		$100 – $1,500	$14 per $100 borrowed	14 days	$100 – $1,500
100	1549411200		$1,000 – $15,000	34.37%	9 – 60	$1,000 – $15,000
100	1567555200		$300 – $3,000	18% + fees	6	$300 – $3,000
100	1549238400		$100 – $1,500	$14 per $100 borrowed	Up to 62 days	$100 – $1,500
100	1549238400		$250 – $1,500	23.99% – 29.99%	3 – 4	$250 – $1,500
20	1548720000		$500 – $1,000,000	7.9%	12	$500 – $1,000,000
100	1548720000		$500 – $50,000	Starting at 8.99%	3 – 120	$500 – $50,000
6	1545264000		$500 – $10,000	12.99% – 34.99%	9 – 60 months	$500 – $10,000
100	1545264000		$500 – $10,000	Starting at 9.90%	12 – 36	$500 – $10,000
4	1543622400		Up to $60,000	19.99% – 34.99%	6 – 120 months	Up to $60,000
100	1545350400		$300 – $1500	Starting at 18%	3 – 7	$300 – $1500
100	1545350400		$300 – $3,000	22% – 32%	3 – 4	$300 – $3,000
12	1545350400		Up to $7,000	35%	6 – 60	Up to $7,000
15	1545350400		$500 – $1000	Up to 32%	3	$500 – $1000
100	1545350400		$500 – $750	23%	3 – 4	$500 – $750
100	1545350400		$500 – $750	22%	90 – 120 days	$500 – $750
100	1545350400		$300 – $3,000	27% – 35%	90 – 120 days	$300 – $3,000
5	1545264000		$500 – $100,000	29.99% – 35%	9 – 84	$500 – $100,000
3	1545264000		Up to $5,000	34.37%	–	Up to $5,000
9	1568937600		Up to $10,000	Varies by product	Varies by product	Up to $10,000
21	1545177600		Up to $35,000	Starting at 12.99%	Up to 60	Up to $35,000
13	1545177600		$100 – $20,000	Up to 35%	Up to 60	$100 – $20,000

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
3	1725321600		Up to $40,000	$0.75 per $1,000 per day	–	Up to $40,000
8	1714089600		$10,000 – $20,000,000	–	–	$10,000 – $20,000,000
7	1714089600		$10,000 – $2,000,000	10%+	Up to 36	$10,000 – $2,000,000
2	1669852800		$10,000 – $300,000	–	3 – 24	$10,000 – $300,000
100	1648512000		$1000 - $250,000	–	–	$1000 - $250,000
100	1620345600		–	–	12 – 60	–
100	1611878400		–	–	–	–
24	1607558400		$500 – $50,000	Varies	6 – 60	$500 – $50,000
100	1603756800		–	–	–	–
100	1598918400		–	–	–	–
100	1592438400		–	–	–	–
100	1585612800		–	–	6 – 60	–
100	1580947200		$200,000 – $5,000,000	–	–	$200,000 – $5,000,000
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580860800		$5,000 – $1,000,000	–	–	$5,000 – $1,000,000
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580688000		Up to $10,000	Prime + 2.5%	Up to 60	Up to $10,000
100	1580256000		$5,000 – $800,000	–	6 – 24	$5,000 – $800,000
100	1579478400		$10,000 – $30,000,000	–	–	$10,000 – $30,000,000
100	1579478400		$50,000 – $5,000,000	–	3 – 36	$50,000 – $5,000,000
100	1579478400		–	–	24 – 60	–
100	1579478400		–	–	–	–
100	1579478400		Up to $1,200,000	–	12 – 84	Up to $1,200,000
100	1579046400		–	–	–	–
100	1577059200		–	–	–	–
100	1577059200		–	–	–	–
100	1577059200		–	–	–	–
100	1575849600		$5,000 – $150,000	Starting 15%	6 – 24	$5,000 – $150,000
100	1575849600		Up to $250,000	–	–	Up to $250,000
100	1575590400		–	–	–	–
100	1575590400		–	–	–	–
1	1545955200		$1,000 – $300,000	5.49% – 22.79%	12 – 60	$1,000 – $300,000
100	1552262400		$500,000 - $10,000,000	–	–	$500,000 - $10,000,000
100	1552262400		–	–	–	–
100	1552262400		–	–	–	–
100	1552262400		Up to $250,000	–	Up to 10 years	Up to $250,000
100	1552262400		Up to $1,000,000	–	–	Up to $1,000,000
100	1551830400		–	–	–	–
100	1551830400		$10,000+	–	Up to 15 years	$10,000+
100	1551830400		Up to $1,000,000	–	Up to 15 years	Up to $1,000,000
100	1551830400		Up to $500,000	–	Up to 15 years	Up to $500,000
100	1551830400		Starting at $5,000	–	Up to 84	Starting at $5,000
100	1551398400		$3,500+	–	–	$3,500+
100	1551398400		$5,000+	4.9% – 24.99%	18 – 48	$5,000+
100	1551398400		$10,000 – $1,000,000	4% – 14%	12 – 84	$10,000 – $1,000,000
100	1551139200		Up to $250,000	–	Up to 48	Up to $250,000
100	1550534400		$500 – $50,000	2.75% – 8.25%	12 week cycles	$500 – $50,000
100	1550534400		$1,000 – $1,000,000	6% – 20%	–	$1,000 – $1,000,000
100	1550534400		Up to $5,000,000	–	24 – 72	Up to $5,000,000
100	1550534400		$5,000 – $200,000	–	–	$5,000 – $200,000
100	1549411200		$50,000 – $12,000,000	–	24 – 96	$50,000 – $12,000,000
100	1548720000		Up to $100,000	–	–	Up to $100,000
100	1548720000		$10,000 – $300,000	–	–	$10,000 – $300,000
100	1545264000		Up to $250,000	–	3 – 24	Up to $250,000
6	1545350400		$15,000 – $1,500,000	–	6 – 36	$15,000 – $1,500,000
5	1545177600		$5,000 – $300,000	9% – 35%	Varies by product	$5,000 – $300,000
4	1545177600		$5,000 – $500,000	4.96% – 24.93%	1 – 60	$5,000 – $500,000
6	1545264000		$500 – $10,000	12.99% – 34.99%	9 – 60 months	$500 – $10,000

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
2	1679529600		Varies	Varies	24 – 96 months	Varies
100	1643846400		$250 – $10,000	Starting at 14.99%	12 – 36	$250 – $10,000
3	1632960000		Min. $10,000	6.93% – 19.99%	18 – 96	Min. $10,000
8	1624233600		$5,000 – $75,000	–	12 – 96	$5,000 – $75,000
24	1607558400		$500 – $50,000	Varies	6 – 60	$500 – $50,000
7	1606435200		$500 – $10,000	Starting at 0%	3 – 48	$500 – $10,000
100	1600646400		$1,000 – $35,000	12.99% – 29.99%	12 – 84	$1,000 – $35,000
100	1582761600		–	–	36 – 96	–
6	1582761600		–	–	–	–
100	1582761600		–	Up to 29.5%	–	–
100	1581033600		–	–	–	–
100	1580688000		–	Starting at 12.9%	–	–
100	1579478400		–	–	–	–
100	1579478400		–	–	–	–
100	1579478400		–	–	–	–
100	1579219200		–	–	–	–
100	1578873600		–	Starting at 10.99%	–	–
100	1578873600		–	–	–	–
100	1551830400		Starting at $5,000	–	–	Starting at $5,000
100	1552262400		Up to $1,000,000	–	up to 96	Up to $1,000,000
100	1551830400		–	–	6 – 96	–
100	1551830400		$10,000+	–	12 – 96	$10,000+
100	1551830400		Up to $1,000,000	–	Up to 15 years	Up to $1,000,000
100	1577059200		–	–	–	–
100	1577059200		–	–	–	–
100	1575849600		–	–	–	–
100	1575849600		$5,000 – $45,000	4.90 % – 29.95%	–	$5,000 – $45,000
100	1575849600		–	–	–	–
100	1575590400		–	–	–	–
6	1569974400		–	Up to 29.99%	12 – 96	–
100	1561507200		–	–	–	–
1	1560124800		Up to $100,000	3.99% - 19.9%	24 -96	Up to $100,000
100	1551830400		–	–	–	–
100	1551830400		Up to $500,000	–	6 – 48	Up to $500,000
100	1550534400		–	–	–	–
100	1548633600		–	Starting at 4.2%	–	–
6	1545264000		$500 – $10,000	12.99% – 34.99%	9 – 60 months	$500 – $10,000
100	1545177600		–	–	12 – 84	–

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
100	1578873600		Up to $50,000	–	24 – 60	Up to $50,000
100	1545264000		Up to $50,000	–	–	Up to $50,000

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		N/A	N/A	N/A	N/A
3	1726531200		$5,000 +	6% – 16%	12 – 60	$5,000 +
7	1708473600		–	–	–	–
5	1700524800		–	-	-	–
100	1695945600		–	–	–	–
4	1690934400		–	–	–	–
2	1688601600		Min $110,000	4.14% – 6.29%	24– 120	Min $110,000
3	1679616000		$100,000 – $2,000,000	Varies	12 – 60	$100,000 – $2,000,000
4	1541030400		–	4.19% – 8.00%	6 – 120	–
100	1627344000		–	4.50% – 5.97%	12 – 60	–
100	1551830400		Up to $500,000	Starts at 8.49%	–	Up to $500,000
100	1581033600		–	4.19% – 6.04%	12 – 120	–
100	1580860800		–	–	–	–
100	1580860800		–	2.99% – 5.49%	6 – 60	–
100	1580860800		$50,000+	–	12 – 120	$50,000+
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580860800		–	–	–	–
100	1580688000		–	–	6 – 60	–
100	1580688000		–	4.19% – 6.04%	12 – 120	–
100	1580688000		–	–	–	–
100	1579478400		–	4.54% – 7.49%	6 – 120	–
100	1578873600		–	–	–	–
100	1578268800		–	–	–	–
100	1577059200		–	Varies	–	–
100	1577059200		–	–	–	–
100	1577059200		–	–	–	–
100	1577059200		–	4.49% – 6.63%	1 – 10 years	–
100	1574985600		$10,000 – $1,000,000	4.99% – 7.29%	12 – 120	$10,000 – $1,000,000
100	1574899200		–	–	12 – 60	–
100	1574899200		–	4.24% – 6.30%	–	–
100	1560124800		–	4.64% – 5.80%	1 – 10 years	–
100	1548806400		$10,000 – $3,000,000	Varies	12 – 24	$10,000 – $3,000,000
100	1548720000		–	–	12 – 60	–
1	1517097600		$10,000 – $500,000	Starting at 10%	–	$10,000 – $500,000

		Provider	Services	Rating
0	0		Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation	N/A (Referrer)
100	1576540800		Credit Counselling, Bankruptcy, Consumer Proposal
100	1576540800		Bankruptcy, Consumer Proposal
100	1576540800		Credit Counselling, Debt Management Program
100	1576368000		Credit Counselling, Debt Management Program
100	1576454400		Debt Restructuring, After Care - Credit Rebuilding Program, Corporate Debt Restructuring

While starting a business is a goal of many people in Hamilton, it is often easier said than done. One big roadblock that people need to overcome is related to money. Starting a business of any kind will require at least some kind of capital, which you may not simply have sitting in your bank account. Thankfully, many lenders in Hamilton will offer business loans that can help entrepreneurs jump-start, operate, or expand their business.

How Can You Use a Business Loan in Hamilton?

So we know it’s possible to get a business loan in Hamilton and the rest of Canada, but what can these business loans be used for? Well, these can be used for a wide range of things. First of all, these loans can be used to help people in Hamilton start their businesses. Whatever kind of business you start, it will require some money.

Everything you need to know about business credit scores, click here.

However, these loans can also help someone in Hamilton expand or improve their operations as well. Business loans can be used for any number of expenses, including:

• Increase your marketing spend
• Hire and/or train new employees
• Buy new equipment or upgrade the current equipment you have
• Move to a new location, or expand your current location
• Get your cost of goods lower via buying materials in bulk

It is important to remember that just because you can get a business loan for something doesn’t mean you should. Some expenses can wait, while others are more important. Obviously, this all depends on your business and its needs. It’s important to remember that your loan payments will need to be balanced with maintaining healthy cash flow. If all your capital is going to be used to repay the loan, you may have trouble covering the cost of other expenses.

Want to learn how to incorporate your business? Find out here.

How to Apply for a Business Loan in Hamilton?

Now that you are aware of what these business loans can be used for, how can you go about applying to get one? Well generally, applying is as easy as finding a suitable lender and filling out the necessary forms. However, there are quite a few things to do and considerations to make before doing that.

First of all, you want to ensure that all of your business’s financing is in order. You need to make sure you can afford whatever loan you are trying to get, and ensure you know how many assets and liabilities your company currently has. If your finances are a jumbled mess or aren’t the best, lenders might not be willing to work with you.

Next, you need to find the right lender in Hamilton for your needs (avoid these common business loan application mistakes). The lender should not only offer the types of loans you need, but should also do so at an appropriate interest rate. A simple online search and a couple of emails to different lenders in Hamilton should help you decide which lender is the best choice for you.

Of course, the next thing to do is ensure that you have a plan for the money. You need to have a blueprint that will show what you need the money for and how much you need. In addition to this helping you out, many lenders in Hamilton will actually want to see some sort of business plan before they lend you any money.

Other Types of Business Financing Available in Hamilton

While we have talked exclusively about business loans so far, they are not the only type of business funding that you can secure. There are a few other more specific types that could work for you.

Merchant Cash Advance

This option is all about leveraging future cash flow, from debit and credit sales, to help your business grow right now. This option allows you to pay back the amount borrowed on your own terms, and you can get the cash you need in less than 48 hours normally. Also, when business is slow, you can also benefit from smaller and more manageable payments.

Commercial Mortgage

If you are looking to purchase another piece of property or expand your current one, a commercial mortgage can often help. There are many custom options, so you can rest assured that you will find something that works for your situation. Even if you have bad credit, a commercial mortgage could be a beneficial mortgage for you.

Can you get a business loan based solely on an idea? Find out here.

Equipment Financing

If you need to borrow money to purchase or upgrade a piece of equipment, equipment financing might be the solution for you. You’ll benefit from manageable rates and work with specialists who know exactly what you need. A wide range of different types of equipment and industries will be covered and nearly any type of credit will be accepted.

As for which of these options is the best, that will depend entirely on your needs for the money.

Helping You Find a Quality Business Loan in Hamilton

Have a business and need a loan? If that is the case, don’t hesitate to contact or reach out to Loans Canada. We will be able to help you find a high-quality loan in your area.