Financement conçu
pour la croissance canadienne.
De 5 000 $ à 5 M$ — nous avons la bonne solution pour chaque étape de votre parcours.
How lendflo compares
lendflo vs. Traditional Banks vs. Direct Alternative Lenders
As a broker, lendflo submits your file to multiple lenders simultaneously. Here is how that compares to applying directly to a bank or a single alternative lender in Canada.
| Feature | lendflo (Broker) | Traditional Bank | Direct Alt. Lender |
|---|---|---|---|
| Decision speed | 24 hours | 2–4 weeks | 24–48 hours |
| Number of lender offers | Multiple competing offers | One bank only | One lender only |
| Cost to business owner | Free | Application fees may apply | Free |
| Collateral required | Often not required | Usually required | Sometimes required |
| Minimum credit score | 500+ | 680+ typical | 550+ typical |
| Bilingual service (EN/FR) | Yes | Varies by bank | Rarely |
| All Canadian provinces | Yes | Yes | Select provinces |
| Online application | Yes, 5 minutes | Branch visits often needed | Yes |
| Revenue-based options | Yes | No | Some lenders |
| Free advisor included | Yes | No | No |
Direct alternative lenders referenced include Merchant Growth, OnDeck Canada, Driven Capital (formerly Thinking Capital), Journey Capital, and SharpShooter Funding.
Common questions
Business Financing in Canada: What You Need to Know
Basic qualification requirements
- Registered Canadian business (any province)
- At least 6 months in operation
- Minimum $10,000 in monthly revenue
- Valid Canadian business bank account
- No collateral required for most products
- All credit profiles considered — scores from 500+
Can Canadian businesses with bad credit get financing through lendflo?
Yes. lendflo works with alternative lenders in Canada that evaluate businesses based on monthly revenue and operating history rather than credit score alone. Business loans for bad credit in Canada are available for businesses with scores as low as 500. Revenue-based financing and unsecured business loans are specifically designed for businesses that may not meet traditional bank credit requirements.
What is alternative business financing in Canada?
Alternative business financing in Canada refers to lending options outside traditional banks — provided by fintech companies, private lenders, and credit funds. Alternative lenders offer faster approvals (often within 24 hours), more flexible credit requirements, and online applications. Common products include revenue-based financing, merchant cash advances, unsecured business loans, and equipment financing. lendflo connects Canadian businesses with vetted alternative lenders through a single free application.
How do I get a business loan in Ontario or other Canadian provinces?
To get a business loan in Ontario or any other Canadian province through lendflo: (1) Complete the free online application at lendflo.ca — takes under 5 minutes; (2) A lendflo advisor reviews your file and matches you with lenders in the network; (3) Receive competing lender offers within 24 hours; (4) Choose your best offer and receive funding in 3–5 business days. lendflo serves businesses in Ontario, British Columbia, Alberta, Quebec, and all other Canadian provinces.
What is the difference between a business term loan and working capital financing in Canada?
A business term loan provides a lump sum repaid over a fixed schedule (6–60 months) — best for planned investments like equipment or expansion. Working capital financing covers day-to-day expenses (payroll, inventory, rent) with repayment often tied to monthly revenue. Term loans typically offer lower rates; working capital loans offer faster approval and greater flexibility.
How does lendflo compare to a bank for business loans in Canada?
lendflo is a broker that connects businesses with multiple lenders — unlike a bank that offers only its own products. lendflo provides decisions in 24 hours (banks take 2–4 weeks), offers unsecured options, serves all credit profiles from 500+, is free for business owners, and offers bilingual service across all Canadian provinces.
What business financing options are available in Canada?
Canadian businesses have access to four main financing options through lendflo: (1) Business term loans from $25,000 to $2,000,000 with fixed payments over 6–60 months; (2) Equipment financing from $10,000 to $500,000 with terms up to 84 months; (3) Working capital loans based on monthly revenue; and (4) Revenue-based financing for businesses with all credit profiles. All products offer decisions within 24 hours and are free.
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