Business term loans
$25K – $2M
Non-collateralized term loans with fixed monthly payments and flexible repayment terms from 12 to 60 months. Get the capital your business needs — with clear terms and a fast decision.
At a Glance
What is a business term loan?
A business term loan is a lump sum that you repay with interest over a fixed period, usually in regular monthly payments. It suits planned, one-time investments such as expansion or hiring. Through lendflo, term loans run from $25,000 to $2,000,000, with repayment terms of up to 60 months.
See the full glossary
Over 500 Canadian businesses have grown with lendflo capital.
From coast to coast — we fund businesses banks say no to.
Why choose a lendflo term loan?
Our term loans are designed around how businesses actually operate, not how banks want them to operate.
No Collateral Required
We assess your business performance, not your personal or business assets. Most qualifying businesses can access funding without pledging anything.
Fast Decisions
No 90-day bank timelines. Most applications receive a decision quickly and funding within the week.
Fixed, Predictable Payments
Know exactly what you owe each month. Fixed payments make budgeting straightforward and cash flow planning simple.
Flexible Use of Funds
Unlike grants or SBA loans, there are no restrictions on how you use the capital. Apply it wherever your business needs it most.
All Credit Profiles Welcome
We work with businesses across the credit spectrum. Prior bank declines do not automatically disqualify you.
Transparent Terms
Full disclosure before you sign. No hidden fees, no surprise rate changes. Your advisor explains every line of your offer.
Common ways businesses use term loans
Flexible capital you can apply where it matters most.
Business Expansion
Open a new location, hire staff, or increase capacity to meet growing demand.
Inventory Purchase
Stock up for a busy season or negotiate better bulk pricing with suppliers.
Equipment & Technology
Upgrade your tools, software, or technology to stay competitive and efficient.
Working Capital
Bridge the gap between payables and receivables with a stable, predictable loan.
CRA Payments
Pay outstanding tax balances without disrupting day-to-day operations.
Marketing & Growth
Invest in campaigns, branding, or new markets to drive revenue growth.
Common questions
Everything you need to know about term loans before you apply.
No. lendflo term loans are non-collateralized for most qualifying businesses. We evaluate your business performance, revenue history, and credit profile — not your personal assets.
Most approved borrowers receive a decision quickly and have funds deposited within 3–5 business days after signing.
Generally, businesses operating for at least 6 months with monthly revenues of $10,000+ qualify to apply. We work with all credit profiles.
This depends on the specific term and product. Your lendflo advisor will walk through all terms clearly before you sign anything.
Yes. Many of our clients were declined by traditional banks. We assess applications differently and can often find solutions that banks cannot provide.
Term loan amounts through lendflo typically range from $10,000 to $500,000. The amount you qualify for depends on your revenue, time in business, and overall credit profile.
Terms generally range from 3 months to 36 months, with fixed daily, weekly, or monthly repayment schedules. Your advisor will match the structure to your cash flow cycle.
An initial inquiry is typically a soft pull and will not impact your credit score. A hard pull may occur if you proceed to a full application with a specific lender.
Yes. Debt consolidation is one of the most common uses. Combining multiple high-interest obligations into a single term loan can simplify payments and reduce overall cost.
We work with businesses across virtually all industries — construction, retail, healthcare, hospitality, professional services, transportation, and more. If you operate a legitimate Canadian business, we can usually help.
Not at all. Our online application takes about 5 minutes. You will need basic business details, recent bank statements, and your contact information. A dedicated advisor handles the rest.
Some of our lending partners do report to business credit bureaus. Successfully repaying a term loan can help build your business credit profile over time.
Still have questions?
No obligation, just answers.
Ready to apply for a term loan?
Start your application in minutes. A lendflo advisor will review your file and reach out within one business day.
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.
Term loan or line of credit: which fits?
The two tools solve different problems.
| Feature | Term loan | Line of credit |
|---|---|---|
| How you get the money | One lump sum | A limit you draw on as needed |
| How you repay | Fixed payments on a set schedule | Repay, then borrow again |
| Interest is charged on | The full amount borrowed | Only the balance you use |
| Payments are | Predictable | Variable with what you draw |
| Best for | Equipment, expansion, hiring | Ongoing swings in cash flow |
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.
It depends on the product. Term loans through lendflo run for up to 60 months and equipment financing for up to 84 months; short-term working capital is repaid sooner, often tied to monthly revenue. A longer term lowers each payment but raises the total interest paid.
Not always. Many alternative lenders make unsecured loans based on revenue and credit, though the cost can be higher and a personal guarantee may be requested. Equipment loans use the equipment itself as security, so no other collateral is usually needed.
There is no single rate. It depends on the lender, the product, your time in business, revenue and credit. Bank loans usually cost less than alternative financing, which charges more for speed and flexibility. Compare the total cost of borrowing rather than the headline rate, and watch the Bank of Canada’s policy rate, which sets the direction of borrowing costs.
Terms explained
What is a business term loan?
A business term loan is a lump sum that you repay with interest over a fixed period, usually in regular monthly payments. It suits planned, one-time investments such as expansion or hiring. Through lendflo, term loans run from $25,000 to $2,000,000, with repayment terms of up to 60 months.
See in the glossaryWhat is loan amortization?
Amortization is how a loan is paid down over time through regular payments that each cover interest and part of the principal. Early payments are mostly interest; later ones reduce the balance faster. A longer amortization lowers each payment but raises the total interest paid.
See in the glossaryWhat is a personal guarantee?
A personal guarantee is a promise by a business owner to repay a business loan from personal assets if the business cannot. Lenders often ask for one from newer or smaller businesses. Whether one is required depends on the lender and the product, so read the offer before you sign.
See in the glossaryTopic guide
In this guide: Business term loans
How term loans work, what they cost, how long they last and how to qualify.
- Business Term Loans in Canada: The Complete Guide
- How to Qualify for a Business Term Loan
- Term Loan Requirements in Canada: How to Qualify
- How to Prepare a Business Loan Application
- Term Loan vs. Line of Credit for Your Business
- Fixed vs. Variable Rate Business Loans in Canada
- Business Loan Interest Rates in Canada (2026)
- How Long Does a Business Loan Take in Canada?
- Business Expansion Financing: A Second Location
- Business Loan Calculator Canada