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Industries

Business Financing by Industry

Every industry earns and spends money differently. Pick yours to see the financing types, common needs and examples that fit how your business actually runs.

Quick answer

Which financing fits my industry?

Match the financing to how your industry works: equipment financing for machines and vehicles that hold their value, working capital for seasonal income or slow-paying customers, and a term loan for expansion. Choose your industry above for concrete examples.

Three questions to help you choose

  • Are you buying a long-lasting asset such as a machine or vehicle? The equipment itself often secures the loan.
  • Does your income swing with the seasons? Working capital covers payroll and stock ahead of the busy period.
  • Do you have a defined project such as a new location? A term loan with fixed payments fits well.

What you need to apply through lendflo

Most lenders in the network look for these basics.

  • A registered Canadian business — in any province or territory.
  • Time in business — at least 6 months of operation.
  • Revenue — around $10,000 a month or more.
  • A Canadian business bank account — that is valid and in use.
  • Recent bank statements — usually three to six months.
  • Credit — scores from 500 are considered; revenue and cash flow count too.
Common questions

People also ask

It depends on revenue, time in business, credit and the product. Through lendflo, term loans run from $25,000 to $2,000,000, equipment financing from $10,000 to $500,000 and working capital from $5,000 to $250,000. Lenders size an offer to what your revenue can repay.

Through lendflo, most applicants get a fast decision, and funds typically arrive shortly after approval. Speed depends on the lender and on how complete your documents are, so have recent bank statements ready before you apply.

Most lenders ask for three to six months of business bank statements, your business registration, identification, and the amount and purpose of the loan. Equipment loans add a supplier quote, and larger amounts may need recent financial statements or tax filings.

There is no single cutoff. Banks usually want good credit, while alternative lenders in lendflo’s network consider scores from 500 and weigh revenue and cash flow heavily. A higher score generally means better terms, so check your credit report for errors before you apply.

All frequently asked questions

Terms explained

What is equipment financing?

Equipment financing is a loan or lease used to buy business equipment such as vehicles, machinery or technology. The equipment itself usually serves as the lender’s security, which makes approval easier and can keep the down payment low. Through lendflo it runs from $10,000 to $500,000, with terms up to 84 months.

See in the glossary

What is working capital?

Working capital is the cash a business uses for day-to-day costs such as payroll, rent, inventory and supplier bills. A working capital loan bridges the gap between paying those costs and getting paid by customers. Through lendflo it is based mainly on recent revenue rather than collateral.

See in the glossary

What is a business line of credit?

A business line of credit is a revolving credit limit: you borrow what you need, repay it, and borrow again, paying interest only on the balance you use. It suits ongoing swings in cash flow better than a one-time purchase, which a term loan handles better.

See in the glossary

Topic guide

In this guide: Financing by industry

How financing works for restaurants, trucking, construction, farms, clinics, retail, manufacturing and tech.