Business Financing

The funds you need to grow and thrive.

We understand that financing can be critical to the success of your business. So we offer a suite of business lending solutions at competitive rates that can be customized to meet your needs. Choose from our small business loan and line of credit offerings below. Our Relationship Managers can help you determine the best financing solution for your business.

Business Line of Credit

Business or Equipment Flex Loan

Business Term Loans

Business Mortgage

Business Line of Credit

Access funds for short term uses such as purchasing inventory, paying accounts receivables, or managing seasonal needs.

Business or Equipment Flex Loan

Flexibility to finance various assets such as equipment, vehicles, or machinery with a short-term line of credit that turns into a term loan.

Business Term Loans

Purchase large assets and increase long-term liquidity.

Business Mortgage

Purchase, renovate, or refinance your commercial property.

Determining your financing needs

As you’re exploring financing solutions, this calculator can help you forecast your debt service coverage. This will help you determine whether you can currently afford the additional debt needed to boost your business.

Our working capital needs calculator will help you determine how much of a small business loan or line of credit you should apply for to cover working capital needs for the next year. Simply enter your desired annual growth rate, current assets, and current liabilities, and your target current ratio to find out what you need.

Whether you want to be rewarded for purchases or are looking for a low rate card, Citizens Bank’s Business Credit Cards offer a convenient way to make everyday purchases while improving your cash flow by extending the time between making purchases and paying for them.

Every business is different. We d like to partner with you to understand your needs so we can help customize a business lending solution for you now, while also proactively helping you plan for the future. Simply answer a few questions, and we ll contact you to discuss your best financing options.



Small Business Loan

7:00 a.m. – 12:00 a.m. EST

Ways To Apply

Or, to begin an application, call our Small Business Advice Centre at 1-866-222-3456

7:00 a.m. – 12:00 a.m. EST, 7 days a week

Small Business Loans

Loan for small business

Available Fixed or Floating Interest Rates for Small Business Loans

Flexible Business Loan Payment Options

A Business Loan 1 can help you purchase or upgrade business assets, or help with your expansion plans. The choice is yours.

Secured or unsecured options

  • Available as an unsecured loan 2 in amounts from $10,000 to $50,000
  • Also available as an asset secured loan in amounts from $10,000 to $1,250,000. Flexible security options 3 include:
    • Business real estate
    • Residential real estate (full or partial)
    • Liquid or margin security (full or partial)
    • Business assets

Flexible payment options

  • Choice of 1 to 5 year fixed-rate terms
  • Amortization up to 20 years, based upon the useful life of the asset financed

Fixed or floating interest rates available

  • Floating interest rate options based on TD Prime Rate with no prepayment penalties.
  • Fixed interest rate options available with the flexibility to make 10% principal prepayments annually without penalty.
  • No review fees.
  • Set-up fees may apply.

Protection for your Business Loan

Business Credit Life Insurance can help meet the financial obligations of your business should a person who is key to the success of your business die or suffer a covered accident. Get the coverage your business needs.

Multi-unit property mortgages

We can help you build a customized mortgage for multi-unit residential properties (5+ units).

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1 Subject to complying with TD Canada Trust lending policies and criteria including confirmation of good personal credit history. Certain business documentation is required. Other conditions may apply. Set-up fees may apply. Personal guarantee(s) may be required.

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  • Contact an Account Manager, Small Business
  • Branch Locator
  • Contact a Regional Agriculture Specialist
  • Talk to Us: 1-866-222-3456

Loan for small business



3 ways to get a small-business loan

The recovering economic environment has meant that small businesses have had to be more creative when looking for loans.

However, companies with sound business strategies still can borrow. Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet-based lenders.

“For creditworthy, high-scoring small businesses, there is money available,” says George Cloutier, CEO of American Management Services, a consultant to small businesses.

Bank loans

The best place to get a small-business loan is still a bank, says Cloutier. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders.

“Many small businesses try three or four banks and then stop looking,” Cloutier says. A more persistent approach has better odds of success.

Calculate business loan payment

Want to calculate your small-business loan payment? Go to Bankrate’s loan and amortization calculator.

“Take out the phone book, target 10 banks and work through that list,” he says.

That strategy worked for Michael McKean. He is founder of The Knowland Group, a company that helps hotels fill up their meeting space.

A few years ago, as the success of The Knowland Group grew, McKean began searching for a bank that would give the growing company expanded access to credit.

“We talked to every bank in our area, at least a dozen,” McKean says. “Many came back with proposals, but the terms were very onerous. Or sometimes they shifted terms.”

Finally, M T Bank came through.

“They just wanted to get our business,” McKean says.

McKean says his company did not approach M T any differently than it had approached the other banks. It was just a matter of being persistent until the right deal came along, he says.

“We did everything right, approaching the right person at each bank,” he says. “We’re a profitable business. I think it was just the … credit crunch that prevented us from getting a loan.”

Cloutier says the key to success with banks is to show past profitability, and to describe a well thought-out plan for future profits.

“If you aren’t making a profit now, you must be able to tell the bank how you will change that in the short term, or you really won’t be able to get a loan,” he says.

He also recommends that businesses start small in their loan requests.

“If you need money for four trucks, ask for two,” Cloutier says. “The bigger the loan request, the harder it is to get it approved.”

SBA loans

Another way to find a bank loan is through the Small Business Administration, or SBA. The SBA can direct you to banks that offer loans guaranteed by the agency. This way, you’ll have the advantage of approaching banks specifically interested in lending to small businesses.

Interested businesses should contact the SBA office nearest to them, which can be found on the agency’s website. Jeanne Hulit, the SBA’s acting administrator, urges businesses to seek a bank that is an experienced SBA lender.

Banks granting SBA loans place increased emphasis on business plans, cash flow and profit forecasts in deciding whether to lend, she says. The SBA also can refer businesses to free counseling centers to improve their performance.

Online opportunities

Another source for loans is the Internet. There are several sites where businesses can seek alternative lenders, such as individuals and small companies.

Interest rates are generally a little higher than what a bank will charge, but it’s much less than what you’ll have to pay on many credit cards.

Look around at different sites, some may charge a one-time fee to list your business, while others are free to list but might have fees reflected in loan rates.

If you’re going to list your company on one of these sites, describe your business in clear and concise language.

Lastly, make sure to investigate the company you are looking to post your business on. These kinds of companies were successful in 2008 and during the recession, but times have changed. Many have since gone out of business. Before paying for anything, make sure the company is legit.



Helping small businesses get loans

PDF version

The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.

Over the past 10 years, small businesses have received over $9.4 billion in asset-based financing representing over 76,000 loans made.

Who is eligible?

Small businesses or start-ups operating for profit in Canada, with gross annual revenues of $10 million or less.

Not eligible under this program are farming businesses (for a similar program for the farming industry, visit www.agr.gc.ca), not-for-profit organizations, or charitable and religious organizations.

How much financing is available?

Up to a maximum of $1,000,000 for any one borrower, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.

How do I apply for a loan?

Financial institutions deliver the program and are solely responsible for approving the loan.

Discuss your business needs with a financial officer at any bank, caisse populaire, or credit union in Canada. The financial officer will review your business proposal and make a decision on your loan application. Once the decision is made to offer financing under the program, the financial institution will disburse the funds and register the loan with Innovation, Science and Economic Development Canada. (Find a lender near you)

What can be financed?

Loans can be used to finance the following costs:

  • purchase or improvement of land or buildings used for commercial purposes
  • purchase or improvement of new or used equipment
  • purchase of new or existing leasehold improvements, that is, renovations to a leased property by a tenant

For example, you can use a loan to finance:

  • commercial vehicles
  • hotel or restaurant equipment
  • computer or telecommunications equipment and software
  • production equipment
  • eligible costs to buy a franchise

You cannot use a loan to finance items such as:

  • goodwill
  • working capital
  • inventory
  • franchise fees
  • research and development

What are the costs?

The interest rate is determined by your financial institution and may be variable or fixed.

  • Variable rate: The maximum chargeable is the lender’s prime lending rate plus 3%.
  • Fixed rate: The maximum chargeable is the lender’s single family residential mortgage rate for the term of the loan plus 3%.

A registration fee of 2% of the total amount loaned under the program must also be paid by the borrower to the lender. It can be financed as part of the loan.

The registration fee and a portion of the interest are submitted to Innovation, Science and Economic development Canada by the lender to help offset the costs of the program for the government.

What are the terms of the financing?

Lenders are required to take security in the assets financed. Lenders also have the option to take an additional unsecured personal guarantee.

For more information, please contact your financial institution (Find a lender near you).

This program is administered by the Small Business Financing Directorate. For more information, please contact us.

Other resources

The Government of Canada offers other sources of financing and can help you protect your intellectual property, get permits and licences, and sell across borders even to us!



SBA Disaster Loan Application Deadlines Nears

AUSTIN, Texas – Two important deadlines are ahead for Texans who are considering a loan through the U.S. Small Business Administration for recovery from the April storms and flooding.

Most survivors who registered with FEMA for disaster assistance were contacted by the SBA with information on the agency’s loan-interest disaster loans, as well as instructions on how to complete the loan application.

The deadline to submit the application for physical damage is June 24, 2016. The deadline for businesses to submit a loan application for economic injury is Jan. 25, 2017.

The SBA is the federal government’s primary source of money for the long-term rebuilding of disaster-damaged private property, offering low-interest disaster assistance loans to businesses of all sizes, private nonprofit organizations, homeowners and renters.

Survivors may apply online using the electronic loan application via SBA’s secure website at disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s customer service center by calling 800-659-2955 or emailing [email protected] Individuals who are deaf or hard‑of‑hearing may call 800-877-8339. For more disaster assistance information or to download applications, visit sba.gov/disaster.

Completed applications should be mailed to:

U.S. Small Business Administration

Processing and Disbursement Center

14925 Kingsport Rd.

Fort Worth, TX 76155

SBA loan applications should be submitted even as disaster survivors await an insurance settlement. The loan balance is reduced by the settlement. SBA loans may also be available for losses not covered by insurance.

Both FEMA and the SBA encourage Texans who suffered damage or loss from the April storms and were provided a loan application to complete the application. There is no obligation to take a loan if offered. If approved, and a survivor does not accept the loan, it may make them ineligible for additional federal assistance.

Homeowners may borrow up to $200,000 from SBA to repair or replace their primary residence.

Homeowners and renters may borrow up to $40,000 to repair or replace personal property.

Businesses may borrow up to $2 million for any combination of property damage or economic injury. SBA offers low-interest working capital loans—called Economic Injury Disaster Loans—to small businesses and most private nonprofit organizations of all sizes.

FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.



3 ways to get a small-business loan

The recovering economic environment has meant that small businesses have had to be more creative when looking for loans.

However, companies with sound business strategies still can borrow. Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet-based lenders.

“For creditworthy, high-scoring small businesses, there is money available,” says George Cloutier, CEO of American Management Services, a consultant to small businesses.

Bank loans

The best place to get a small-business loan is still a bank, says Cloutier. Banks typically offer the lowest interest rates and many have established reputations as trustworthy lenders.

“Many small businesses try three or four banks and then stop looking,” Cloutier says. A more persistent approach has better odds of success.

Calculate business loan payment

Want to calculate your small-business loan payment? Go to Bankrate’s loan and amortization calculator.

“Take out the phone book, target 10 banks and work through that list,” he says.

That strategy worked for Michael McKean. He is founder of The Knowland Group, a company that helps hotels fill up their meeting space.

A few years ago, as the success of The Knowland Group grew, McKean began searching for a bank that would give the growing company expanded access to credit.

“We talked to every bank in our area, at least a dozen,” McKean says. “Many came back with proposals, but the terms were very onerous. Or sometimes they shifted terms.”

Finally, M T Bank came through.

“They just wanted to get our business,” McKean says.

McKean says his company did not approach M T any differently than it had approached the other banks. It was just a matter of being persistent until the right deal came along, he says.

“We did everything right, approaching the right person at each bank,” he says. “We’re a profitable business. I think it was just the … credit crunch that prevented us from getting a loan.”

Cloutier says the key to success with banks is to show past profitability, and to describe a well thought-out plan for future profits.

“If you aren’t making a profit now, you must be able to tell the bank how you will change that in the short term, or you really won’t be able to get a loan,” he says.

He also recommends that businesses start small in their loan requests.

“If you need money for four trucks, ask for two,” Cloutier says. “The bigger the loan request, the harder it is to get it approved.”

SBA loans

Another way to find a bank loan is through the Small Business Administration, or SBA. The SBA can direct you to banks that offer loans guaranteed by the agency. This way, you’ll have the advantage of approaching banks specifically interested in lending to small businesses.

Interested businesses should contact the SBA office nearest to them, which can be found on the agency’s website. Jeanne Hulit, the SBA’s acting administrator, urges businesses to seek a bank that is an experienced SBA lender.

Banks granting SBA loans place increased emphasis on business plans, cash flow and profit forecasts in deciding whether to lend, she says. The SBA also can refer businesses to free counseling centers to improve their performance.

Online opportunities

Another source for loans is the Internet. There are several sites where businesses can seek alternative lenders, such as individuals and small companies.

Interest rates are generally a little higher than what a bank will charge, but it’s much less than what you’ll have to pay on many credit cards.

Look around at different sites, some may charge a one-time fee to list your business, while others are free to list but might have fees reflected in loan rates.

If you’re going to list your company on one of these sites, describe your business in clear and concise language.

Lastly, make sure to investigate the company you are looking to post your business on. These kinds of companies were successful in 2008 and during the recession, but times have changed. Many have since gone out of business. Before paying for anything, make sure the company is legit.



Business Loans

tailored for you

Borrow up to £500,000

  • Borrow £5,000 to £500,000 for up to 48 months
  • Unsecured and secured borrowing options
  • Receive funding in as little as 48 hours
  • Industry-leading flexibility, including penalty-free early repayments, top-ups and repayment holidays
  • Ongoing support from a dedicated relationship manager

Higher-value finance for established companies

Business loan calculator

Companies that may not fit the strict criteria applied by many banks could find more success here as Fleximize uses its own unique credit-scoring model

The Daily Mirror

Born to revolutionize the finance world

Offering growing businesses the service traditionally reserved for the corporates

Business loan calculator

We’re about empowering businesses

We created Fleximize because we think it’s wrong that great businesses are held back by a lack of funding. Having worked with small businesses, we know that there is a better way to predict a company’s growth and success than a computer-says-no algorithm.

Business loan calculator

We believe that by taking some time to listen and understand what businesses are about, we can provide financing tailored to suit all types of businesses, and we will choose to lend to many of them.

We’re tech-focused but relationship-driven. This means a lightning-fast process from initial application to receiving your funds, plus a dedicated point of contact for you every step of the way.

Excellent

Business loan calculator

Business loan calculator

Business loan calculator

Business loan calculator

Business loan calculator

The Trustscore for Fleximize is 9.5 / 10,

based on 103 reviews

Discover choice. The smart way to borrow.

We’re innovating UK finance by introducing the UK’s first revenue-based finance product. You will receive an immediate capital lift in exchange for a small portion of future revenue at a fixed cost. No equity, just a percentage of your takings until your loan is repaid, allowing your business to grow organically.

At Fleximize, we strive to provide best-in-class service, flexibility and choice across all of our services. All of our business loan options offer truly flexible features that will continue to support business growth for as long as your business requires.

We offer top ups and repayment holidays, and there’s absolutely no penalty for early repayment. In fact, if you repay early you’ll only ever pay interest for the time you had the loan.

Every day we empower small businesses to grow by providing the finance they need to reach their potential. Start growing your business today with Fleximize.



Business Loans

tailored for you

Borrow up to £500,000

  • Borrow £5,000 to £500,000 for up to 48 months
  • Unsecured and secured borrowing options
  • Receive funding in as little as 48 hours
  • Industry-leading flexibility, including penalty-free early repayments, top-ups and repayment holidays
  • Ongoing support from a dedicated relationship manager

Higher-value finance for established companies

New business loan

Companies that may not fit the strict criteria applied by many banks could find more success here as Fleximize uses its own unique credit-scoring model

The Daily Mirror

Born to revolutionize the finance world

Offering growing businesses the service traditionally reserved for the corporates

New business loan

We’re about empowering businesses

We created Fleximize because we think it’s wrong that great businesses are held back by a lack of funding. Having worked with small businesses, we know that there is a better way to predict a company’s growth and success than a computer-says-no algorithm.

New business loan

We believe that by taking some time to listen and understand what businesses are about, we can provide financing tailored to suit all types of businesses, and we will choose to lend to many of them.

We’re tech-focused but relationship-driven. This means a lightning-fast process from initial application to receiving your funds, plus a dedicated point of contact for you every step of the way.

Excellent

New business loan

New business loan

New business loan

New business loan

New business loan

The Trustscore for Fleximize is 9.5 / 10,

based on 103 reviews

Discover choice. The smart way to borrow.

We’re innovating UK finance by introducing the UK’s first revenue-based finance product. You will receive an immediate capital lift in exchange for a small portion of future revenue at a fixed cost. No equity, just a percentage of your takings until your loan is repaid, allowing your business to grow organically.

At Fleximize, we strive to provide best-in-class service, flexibility and choice across all of our services. All of our business loan options offer truly flexible features that will continue to support business growth for as long as your business requires.

We offer top ups and repayment holidays, and there’s absolutely no penalty for early repayment. In fact, if you repay early you’ll only ever pay interest for the time you had the loan.

Every day we empower small businesses to grow by providing the finance they need to reach their potential. Start growing your business today with Fleximize.



Unsecured Business Loans with No Collateral or Credit Check

Unsecured business loan

Are you sick and tired of the strict qualifications banks and private lenders place on small business loans? Many institutions ask business owners for tens of thousands of dollars worth of personal collateral in order to qualify. Unfortunately, many companies simply don t have these assets and as a result, are shut out from fairly priced capital. Halo Capital simplifies the process by providing unsecured business loans with no collateral, no credit check, minimal paper work and quick approvals. We are able to make these loans by taking a different approach from most other loan providers. Instead of basing our evaluations on things like your credit score your personal assets, we look at the revenue your company generates to determine how much money you are eligible for. We can provide anywhere from 10K 2 million for your business. There are restrictions on how you can use your loan. If you re looking for a quick, hassle-free way of getting financed in a matter of days, then fill out the form on the right and a lender within our program will call with information on how much your business can receive.

Unsecured business loan

About the Financing Program

Due to recent government programs and Federal incentives, businesses can now qualify to receive loans between $10,000 2 Million without the use of personal guarantees, personal information or assets as collateral.

This is a free service that does not require any personal information since the loan is based on annual revenue of your business. This is a non-restrictive loan, allowing you the ability to spend the full amount of the loan any way you deem necessary for your business such as paying off or consolidating debt, hiring more employees, marketing or any other means you as the business owner feels necessary.

While this program is not a federal-based program, it is a benefit of the programs the government has provided that allows businesses such as yourself to qualify. We do want to stress that this is a free service and no personal information will be required.

Please ensure that you either meet or exceed the conditions to qualify as listed below. If you do meet those qualifications and complete the form to the right, a lender within our program will call with details of the unsecured business loans including terms and rates you qualify to receive.

Protect Your Personal Assets With An Uncollateralized Business Loan.

Unsecured business loan

Unsecured business loan