{"id":851879,"date":"2020-05-05T12:05:35","date_gmt":"2020-05-05T16:05:35","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=851879"},"modified":"2025-12-02T07:14:00","modified_gmt":"2025-12-02T12:14:00","slug":"unsecured-business-loans","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans","title":{"rendered":"Unsecured business loans in Canada"},"content":{"rendered":"<p>Unsecured business loans in Canada let you borrow money without the need to secure your loan with an asset (such as your home, car or business assets). This means you\u2019ll borrow money based on your credit score or business revenue \u2013 and you won\u2019t risk losing your assets if you default on your payments. Just be prepared to pay higher interest than you would with a secured loan.<\/p><h3>Compare 4 unsecured business loans in Canada<\/h3><h4>1. Merchant Growth unsecured business loans<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6034207ad4ccb.png\" class=\"lazy-load\" alt=\"Merchant Growth Business Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/6034207ad4ccb.png\" style=\"width: 200px; height: 200px\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6034207ad4ccb.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6034207ad4ccb.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6034207ad4ccb.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n              \r\n<center>\r\n<div class=\"detail-info a7674365-55b5-43a6-b4ad-be0f6200eb3c\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.9<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-loans\/merchant-growth-business-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22a7674365-55b5-43a6-b4ad-be0f6200eb3c%22%2C%22product_name%22%3A%22Merchant%2BGrowth%2BBusiness%2BLoan%22%2C%22offer_id%22%3A%2218815%22%2C%22decorator%22%3A%22CAFBL.PRODUCT.HERO_CAFBL_PRODUCT_DISPLAY_TEST_V2%22%2C%22niche_code%22%3A%22CAFBL%22%2C%22post_id%22%3A%22851879%22%2C%22post_path%22%3A%22business-loans%252Funsecured-business-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n      <div class=\"has-padding-xsmall\"><\/div>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">$5,000 \u2013 $800,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">12.99% \u2013 39.99%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates displayed are expressed as Annual Percentage Rates (APR). Interest rates are provided by lenders and brokers and are not guaranteed or enforced by Finder. Interest rates will vary depending on the applicants location, credit history, debt level and other circumstances.\" title=\"\" data-original-title=\"More info\">\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">6 \u2013 24 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-a7674365-55b5-43a6-b4ad-be0f6200eb3c\" data-toggle=\"tab\">Key Facts<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-a7674365-55b5-43a6-b4ad-be0f6200eb3c\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-a7674365-55b5-43a6-b4ad-be0f6200eb3c\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-a7674365-55b5-43a6-b4ad-be0f6200eb3c\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Merchant Growth is a Vancouver-based lender that offers alternative financing for small businesses. There's no collateral required to apply for a loan and if you're approved, you'll get the funds you need in as little as 24 hours.  <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/merchant-growth\">Full Review<\/a>\r\n        \r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-a7674365-55b5-43a6-b4ad-be0f6200eb3c\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Specializes in alternative small business financing<\/li>\r\n                \r\n                  <li>Fast funding<\/li>\r\n                \r\n                  <li>Flexible loans to suit bad credit borrowers<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Designed for small businesses only<\/li>\r\n                \r\n                  <li>Eligibility requirements won't suit all businesses<\/li>\r\n                \r\n                  <li>High rates for bad credit<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-a7674365-55b5-43a6-b4ad-be0f6200eb3c\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">12.99% \u2013 39.99%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$5,000 \u2013 $800,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">6 \u2013 24 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loans Offered<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Unsecured Term<br> Line of credit<br> Merchant cash advance<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">550<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">24 hours<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">- Operating for at least 6 months<br>- Canadian based business<br>- 550+ credit score<br>- $10,000 in monthly sales<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h4>2. 2M7 merchant cash advance<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6000ca0543c50.png\" class=\"lazy-load\" alt=\"2M7 Merchant Cash Advance\" src=\"https:\/\/www.finder.com\/niche-builder\/6000ca0543c50.png\" style=\"width: 200px; height: 200px\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6000ca0543c50.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6000ca0543c50.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6000ca0543c50.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n              \r\n<center>\r\n<div class=\"detail-info fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">7.9<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n\r\n      <div class=\"has-padding-xsmall\"><\/div>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">$5,000 \u2013 $300,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">\r\n      Undisclosed\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">Undisclosed\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\" data-toggle=\"tab\">Key Facts<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              2M7 Financial offers an alternative to business loans in the form of merchant cash advances. It has a 97% approval rating on all submitted applications. Payment is based on future sales, and you don't need to provide collateral to get funding.  <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/2m7-merchant-cash-advance-review\">Full Review<\/a>\r\n        \r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Same day funding<\/li>\r\n                \r\n                  <li>Easy online application process<\/li>\r\n                \r\n                  <li>Repay based on your cash flow<\/li>\r\n                \r\n                  <li>No collateral needed<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Expensive<\/li>\r\n                \r\n                  <li>Short-term financing<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-fb8cc5fb-0e9e-49f4-a9a9-59a5cd24834b\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">0% (cost of capital fee applies)<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$5,000 - $300,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Undisclosed<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loans Offered<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Merchant cash advance<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">550<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">A few hours up to one business day, depending on how accurate and complete your application is<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canada-wide, excluding Quebec<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Must be located in Canada, excluding Quebec, operational for a minimum of 3 months, without any open bankruptcies, earning at least $15,000 per month in revenue and accepting credit and debit cards<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h4>3. Loans Canada unsecured business loans<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" class=\"lazy-load\" alt=\"Loans Canada Business Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" style=\"width: 200px; height: 200px\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n              \r\n<center>\r\n<div class=\"detail-info 924ee0a8-1bae-4e5e-b6b0-ecc89834c285\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--excellent\">\r\n        <span class=\"score__value\">9.1<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--excellent\">\r\n        Excellent\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-loans\/loans-canada-business-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22924ee0a8-1bae-4e5e-b6b0-ecc89834c285%22%2C%22product_name%22%3A%22Loans%2BCanada%2BBusiness%2BLoan%22%2C%22offer_id%22%3A%2217710%22%2C%22decorator%22%3A%22CAFBL.PRODUCT.HERO_CAFBL_PRODUCT_DISPLAY_TEST_V2%22%2C%22niche_code%22%3A%22CAFBL%22%2C%22post_id%22%3A%22851879%22%2C%22post_path%22%3A%22business-loans%252Funsecured-business-loans%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n      <div class=\"has-padding-xsmall\"><\/div>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">$500 \u2013 $50,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">8.99% \u2013 35%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates displayed are expressed as Annual Percentage Rates (APR). Interest rates are provided by lenders and brokers and are not guaranteed or enforced by Finder. Interest rates will vary depending on the applicants location, credit history, debt level and other circumstances.\" title=\"\" data-original-title=\"More info\">\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">4 - 60 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\" data-toggle=\"tab\">Key Facts<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Loans Canada is an online broker that lets you fill out a single application and compare business loans from a network of more than 60 lenders. Same-day approval and next-day funding are available, and there are no fees when you use Loans Canada to compare your options.  <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/loans-canada-business-loan-review\">Full Review<\/a>\r\n        \r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Large network of lenders<\/li>\r\n                \r\n                  <li>Easy to compare multiple lenders<\/li>\r\n                \r\n                  <li>No hard credit check required to apply<\/li>\r\n                \r\n                  <li>Apply within minutes<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Not suitable for home-based businesses<\/li>\r\n                \r\n                  <li>Not available for startups<\/li>\r\n                \r\n                  <li>Limited customer reviews<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-924ee0a8-1bae-4e5e-b6b0-ecc89834c285\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">8.99% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 - $50,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">4 - 60 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loans Offered<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Unsecured Term<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">410<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">48 Hours<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All provinces<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">- Operating for at least 9 months<br>- Operating Canadian Business Bank Account<br>- Over $10,000 in monthly sales ($120,000\/year)<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h4>4. SharpShooter unsecured business loans<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5f05187681c1c.png\" class=\"lazy-load\" alt=\"SharpShooter Funding Business Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/5f05187681c1c.png\" style=\"width: 200px; height: 200px\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5f05187681c1c.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5f05187681c1c.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5f05187681c1c.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    <div class=\"has-padding-xsmall\"><\/div>\r\n              \r\n<center>\r\n<div class=\"detail-info 8e7bc517-3e8b-407c-9f87-54bf87b39e79\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--excellent\">\r\n        <span class=\"score__value\">9.6<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--excellent\">\r\n        Excellent\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n\r\n      <div class=\"has-padding-xsmall\"><\/div>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">$1,000 \u2013 $300,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">5.49% \u2013 22.79%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates displayed are expressed as Annual Percentage Rates (APR). Interest rates are provided by lenders and brokers and are not guaranteed or enforced by Finder. Interest rates will vary depending on the applicants location, credit history, debt level and other circumstances.\" title=\"\" data-original-title=\"More info\">\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/span><\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 700; color: #1D53FF;\">12 - 60 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-8e7bc517-3e8b-407c-9f87-54bf87b39e79\" data-toggle=\"tab\">Key Facts<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-8e7bc517-3e8b-407c-9f87-54bf87b39e79\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-8e7bc517-3e8b-407c-9f87-54bf87b39e79\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-8e7bc517-3e8b-407c-9f87-54bf87b39e79\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              SharpShooter Funding is an online business lender that offers alternative financing options to Canadian small businesses. It's quick and easy to apply online, and SharpShooter Funding will consider your business' financial position rather than your credit score when assessing your application. Approvals are provided within 24 hours, with the funds sent to your account within three business days.  <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/sharpshooter-funding-business-loans\">Full Review<\/a>\r\n        \r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-8e7bc517-3e8b-407c-9f87-54bf87b39e79\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Lenient eligibility criteria compared to banks<\/li>\r\n                \r\n                  <li>Easy to apply online<\/li>\r\n                \r\n                  <li>Bad credit accepted<\/li>\r\n                \r\n                  <li>Get funded within three days<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>High rates if you have bad credit<\/li>\r\n                \r\n                  <li>No branches if you'd rather deal with your lender in person<\/li>\r\n                \r\n                  <li>Some loans have stricter eligibility criteria than others<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-8e7bc517-3e8b-407c-9f87-54bf87b39e79\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">5.49% - 22.79%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$1,000 - $300,000<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">12 - 60 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loans Offered<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Unsecured Term<br> Merchant cash advance<br> Invoice factoring<br><\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">48-72 hours<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">- Have a Canadian bank account<br>- Place of business located in a Canadian province\/territory <br>- In business for at least 100 days<br>- Show a minimum of $4,166 in monthly deposits ($49,992\/year)<br>- No minimum required credit score<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h3>How do unsecured business loans in Canada work?<\/h3><p>Unsecured business loans let you borrow money without the need for an asset to secure your monthly repayments. Your credit score is used to determine your eligibility to borrow, so you\u2019ll usually need a good to excellent score (660+) to qualify. You may also be eligible to qualify based on how much business revenue you make.<\/p><p>You can expect the following features with unsecured business loans in Canada:<\/p><ul><li><strong>Interest rates.<\/strong> Usually between 4% and 39.99% for good and bad credit<\/li><li><strong>Amount.<\/strong> Typically between $10,000 and $100,000<\/li><li><strong>Term.<\/strong> Between 1 and 5 years<\/li><\/ul><h4>Unsecured vs secured business loans<\/h4><p>Use this table to compare the main features of secured and unsecured business loans:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 20%;\" scope=\"col\">Feature<\/th><th style=\"text-align: left; width: 40%;\" scope=\"col\">Unsecured loan<\/th><th style=\"text-align: left; width: 40%;\" scope=\"col\">Secured loan<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Eligibility<\/td><td>You\u2019ll need a high credit score and\/or business income to qualify<\/td><td>You\u2019ll require an asset to secure your payments<\/td><\/tr><tr><td>Interest rates<\/td><td>Expect to pay higher rates due to more risk for the lender<\/td><td>Expect to pay lower rates since payments are secured by your asset<\/td><\/tr><tr><td>Loan amount<\/td><td>Borrow between $10,000 and $100,000 in most cases<\/td><td>Borrow more than $100,000 if you have high equity in your assets<\/td><\/tr><tr><td>Term<\/td><td>Pay your loan back over 1 to 5 years on average<\/td><td>Take between 3 and 7 years to pay your loan back.<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/business-loans\/secured-business-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Secured business loans<\/a>\n<\/div>\n<\/article><h3>What can I use unsecured business loans in Canada for?<\/h3><p>You can use unsecured business loans to pay for any business-related expenses you may have. For example, you might use your loan to supplement your cash flow, lease business real estate or expand your inventory. You\u2019ll just need to be able to prove that any expenses you use your loan for are directly related to your business.<\/p><h3>Where can I get unsecured business loans in Canada?<\/h3><p>Unsecured business loans are offered by the following providers in Canada:<\/p><ul><li><strong>Banks.<\/strong> Bank loans are provided by one of Canada\u2019s Big Five banks, smaller independent chains and multinational banks. Borrowing from a bank means getting competitive rates and dealing with a trusted financial institution, but you\u2019ll need to meet strict eligibility criteria to qualify.<ul><li>Providers include BMO, TD Bank, RBC, CIBC, Scotiabank and National Bank.<\/li><\/ul><\/li><li><strong>Credit unions.<\/strong> <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/compare-credit-union-business-loans\">Credit union business loans<\/a> are often more flexible than big bank loans. Just be aware that you\u2019ll likely only be eligible for smaller amounts and you\u2019ll usually be required to be a member if you want to borrow from certain credit unions.<ul><li>Providers include Meridian, Servus, Vancity, Connect First, Conexus, First West, Steinbach, Alterna Savings and Coast Capital Savings.<\/li><\/ul><\/li><li><strong>Private lenders.<\/strong> Online loans are usually less expensive and you may be able to qualify with bad credit. The main downside is that you have a higher chance of borrowing from a predatory or untrustworthy lender.<ul><li>Providers include Loans Canada, SharpShooter and Merchant Growth.<\/li><\/ul><\/li><\/ul><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Must read: <\/span><a href=\"https:\/\/www.finder.com\/ca\/business-loans\/best\" style=\"text-decoration:underline; font-size:0.9em;\">Best business loans in Canada<\/a>\n<\/div>\n<\/article><h3>Personal guarantees on unsecured business loans<\/h3><p>Because you don\u2019t provide any assets as security for your loan, the lender is taking on a higher level of risk. To reduce this risk, the lender may ask you to provide a personal guarantee to qualify for an unsecured business loan.<\/p><p>A personal guarantee is when you promise to repay the loan if your business can\u2019t. The guarantee isn\u2019t tied to any specific personal asset, but you\u2019ll be liable to pay back what you borrow if your business fails.<\/p><p>There are two types of personal guarantees:<\/p><ul><li><strong>Unlimited.<\/strong> If you provide an unlimited personal guarantee, you\u2019ll have to cover the total loan cost (plus any legal fees) if your business can\u2019t pay back the loan. It\u2019s an attractive prospect for the lender, but comes with the highest level of risk for you.<\/li><li><strong>Limited.<\/strong> A limited personal guarantee features a cap on how much you\u2019ll be responsible to repay if the business can\u2019t. If you\u2019re one of multiple business owners, each owner may be responsible for repaying a fixed percentage of the debt.<\/li><\/ul><p>Providing a personal guarantee increases your chances of getting approved for an unsecured business loan and helps you access better rates. But it\u2019s also a risk that could place a big strain on your personal finances if your business goes under, so make sure you carefully consider your options before guaranteeing a loan.<article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/business-loans\/personal-guarantee-on-business-loan\" style=\"text-decoration:underline; font-size:0.9em;\">How a personal guarantee on a business loan works<\/a>\n<\/div>\n<\/article><\/p><h3>Pros and cons of unsecured business loans<\/h3><p>Before you apply, consider the benefits and drawbacks of getting unsecured business loans in Canada:<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros<\/h4><ul class=\"list-1\"><li><strong>No collateral required.<\/strong> You won\u2019t need to worry about losing your assets if you default on your loan.<\/li><li><strong>Faster turnaround.<\/strong> You can get your loan faster because you won\u2019t need to submit as many supporting documents to verify your assets. Same-day funding is available in some cases, but often takes 1-3 business days.<\/li><li><strong>Options for bad credit.<\/strong> You may still be able to qualify for unsecured business loans with bad credit (but you\u2019ll usually pay much higher interest rates).<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons<\/h4><ul class=\"list-12\"><li><strong>Higher rates and fees.<\/strong> You\u2019ll usually pay higher <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/business-loan-interest-rates\">business loan rates<\/a> and fees since your lender has to take on more risk to lend you money (without assets to secure your payments). You can also expect lower loan amounts and shorter loan terms.<\/li><li><strong>Personal guarantee may be required.<\/strong> You may need to provide a personal guarantee to qualify for a loan, which will place your personal finances at risk if your business can\u2019t repay the loan.<\/li><li><strong>Hard to qualify with bad credit.<\/strong> While some lenders are willing to work with borrowers who have bad credit, many aren\u2019t. Bad credit borrowers will also need to accept higher interest rates. <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/bad-credit-business-loans\">Learn more about business loans for bad credit.<\/a><\/li><\/ul><\/div><\/div><h3>How to compare unsecured business loans<\/h3><p>Consider these factors before you apply for an unsecured business loan to get the right fit:<\/p><ul><li><strong>Loan amount.<\/strong> Look for a lender willing to give you the money you need at a price you can afford. Enlist a cosigner or use collateral to qualify for a higher loan amount.<\/li><li><strong>Interest rates.<\/strong> Compare multiple lenders to find the best interest rates. Low rates usually fall under 12% while high rates range from 15% to 40% on average.<\/li><li><strong>Loan terms.<\/strong> Choose a term that gives you repayments you can afford. Keep in mind that every year you add will make your regular repayment amount more manageable, but it\u2019ll also drive up the amount of interest you\u2019ll pay overall.<\/li><li><strong>Fees.<\/strong> Look at the APR (fees + interest) to determine the total cost of your loan. Keep an eye out for hidden fees, including origination or early repayment fees.<\/li><li><strong>Repayment options.<\/strong> Negotiate the repayment schedule that works best for you. Find out what options are available if you end up struggling to repay your loan.<\/li><li><strong>Restrictions.<\/strong> Find out if there will be restrictions on how you can spend money. Consider a business credit card or line of credit if you need a steady cash flow.<\/li><li><strong>Turnaround time.<\/strong> If you need fast access to funds, check how long it will take for the loan amount to be deposited into your account. <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/fast-business-loans\">Learn more about fast business loans.<\/a><\/li><\/ul><h3>How to get an unsecured business loan<\/h3><p>You can apply for unsecured business loans in Canada by following the steps below:<\/p><h4>Application process<\/h4><ol><li><strong>Compare lenders.<\/strong> Compare multiple lenders to find the best fit for your business. Consider getting pre-approved to get a true estimate of the cost.<\/li><li><strong>Apply online or in person.<\/strong> Fill out the application on your lender\u2019s website or visit a branch in person to apply for an unsecured business loan.<\/li><li><strong>Provide personal information.<\/strong> Input information such as your full name, date of birth, address, phone number and email.<\/li><li><strong>Provide business details.<\/strong> Provide details about your business such as your company address, years in operation, annual revenue and business assets\/debt.<\/li><li><strong>Supply financial information.<\/strong> Enter your bank account information such as your bank name, transit number and account number.<\/li><li><strong>Agree to a credit check.<\/strong> Give your lender permission to check your credit score as part of the application process.<\/li><li><strong>Provide supporting documents.<\/strong> Upload any required documents with your application to verify your ID, revenue and other information about your business.<\/li><li><strong>Submit your application.<\/strong> Submit your application and wait for approval.<\/li><\/ol><h4>Loan eligibility requirements<\/h4><p>To qualify for unsecured business loans in Canada, you may need to meet the following eligibility requirements:<\/p><ul><li>Be a Canadian citizen or a permanent resident with a valid Canadian address and a working bank account.<\/li><li>Have a good credit rating (usually 660 or more) or be willing to accept much higher interest rates to get unsecured business loans with bad credit.<\/li><li>Supply a registered business number and be able to prove that you\u2019ve been in operation for at least six months.<\/li><li>Provide a business plan that shows the projected growth of your business, including forecasts for cash flow and income.<\/li><li>Show you can repay your loan by providing monthly or annual revenue statements or other requested documents for your business.<\/li><li>Sign a personal guarantee to assume personal responsibility for your business loan if you can\u2019t make your repayments for some unsecured business loans.<\/li><\/ul><h3>Can I get unsecured business loans for bad credit?<\/h3><p>You may be able to get <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/bad-credit-business-loans\">unsecured business loans with bad credit<\/a> if your company performs well. Your lender will usually consider factors such as how established your business is, how much revenue you make, how much potential your business has for future growth, and whether you have any other business debts. Just prepare yourself to pay much higher interest rates if you apply with bad credit.<\/p><h3>Other types of unsecured business financing<\/h3><p>Explore these options if you want a different way to access unsecured cash for your business:<\/p><ul><li><a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/business-credit-cards\"><strong>Business credit cards.<\/strong><\/a> Apply for a business credit card to fund smaller business expenses but expect to pay higher interest rates if you hold an outstanding balance.<\/li><li><strong><a href=\"https:\/\/www.finder.com\/ca\/business-loans\/business-line-of-credit\">Business lines of credit<\/a>.<\/strong> Choose a line of credit if you want funds to be available when you need them, but only pay interest on what you actually borrow.<\/li><li><strong>Outside investors.<\/strong> Pitch your business to angel investors, launch a crowdfunding campaign or ask friends or family for a loan to get the capital you need.<\/li><\/ul><h3>Bottom line<\/h3><p>You can apply for unsecured business loans in Canada with no need for collateral, but these loans tend to come with higher interest rates than secured loans. You\u2019ll usually need good credit to qualify unless you can prove that your business is well-established and makes a high revenue. Compare lenders and unsecured business loans to find financing that\u2019s right for your business.<\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">What is an unsecured business loan?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>An unsecured business loan is a loan that is not backed by any collateral. This means you won't be putting any of your assets at risk if you default on your loan, but it also means you'll need to accept a higher interest rate than a secured loan.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">How much can I borrow with unsecured business loans in Canada?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It depends on the lender. The best way to find out <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/how-much-business-loan-can-i-get\">how much you borrow with a business loan in Canada<\/a> is to get pre-approved by multiple lenders. This will also give you a better idea of how much interest you'll need to pay.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Do I need to have a business credit score to apply for an unsecured business loan?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>While it can help to have a well-established business credit score, you may be able to get by with just your personal score. Just be aware that you could be required to sign a personal guarantee for your business loan if you use your personal credit score to qualify. This will make you personally obligated to repay your loan if you default on payments.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Is a small business loan secured or unsecured?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Small business loans can be secured or unsecured. A secured loan lets you put up collateral such as personal or business assets to back your loan. This reduces the risk for the lender and allows you to access a better rate. Meanwhile, unsecured small business loans don't require you to put any of your assets at risk, so the amount you can borrow and the interest rate you get are determined based on your creditworthiness.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">Why was my business loan application rejected?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Your application may be rejected because you don't meet the eligibility criteria. For example, you could be denied if you fail to meet age or residency requirements or if you have a low credit score and\/or don't make enough income. It could also be as simple as an incomplete application, so make sure to contact your lender for more information.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Can I get unsecured business loans for startups?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You may have more trouble getting an unsecured business loan to fund a start-up or new company. This is because many lenders will want to see that you have an established business with a regular stream of revenue before they'll provide you with financing. Check out your options for funding a new venture in our <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/startup-loans\">guide to start-up loans<\/a>.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000006\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000006\">\n                <span class=\"luna-accordion__title\">What happens if I default on my loan?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000006\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You'll typically be charged a fee if you miss any loan payments. If you default on an unsecured business loan, what happens next depends on the lender and the terms of your loan.<\/p><p>If you provided a personal guarantee, the lender can repossess your personal assets and sell them to cover your debt. If not, the lender or a debt collector may sue you to collect the outstanding loan balance. Your business and personal credit scores will also be negatively affected, which will make it more difficult to get approved for business or personal loans in the future.<\/p><p>Find out more in our guide to what happens if you default on a business loan.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Compare unsecured business loans and find out how to choose financing that\u2019s right for your business.<\/p>\n","protected":false},"author":516,"featured_media":851894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"nicheCode":"","productId":"","enableOptimizely":false,"_persistent_nav_menu_items":null,"blockTemplateId":"","_post_hreflang":"en","related_url":"\/unsecured-business-loans","workflow-intro":"","workflow-faq":"","workflow-conclusion":"","workflow-benefits":"","workflow-overview":"","workflow-test":"","footnotes":""},"categories":[5740],"tags":[5887,5441],"asset_tag":[],"class_list":["post-851879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-loans","tag-business-loan","tag-latest-2"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unsecured Business Loans in Canada | Fast Approvals | Finder Canada<\/title>\n<meta name=\"description\" content=\"Unsecured business loans let you borrow money without collateral. Compare lenders and learn how to get an unsecured business loan in Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unsecured business loans in Canada\" \/>\n<meta property=\"og:description\" content=\"Unsecured business loans let you borrow money without collateral. Compare lenders and learn how to get an unsecured business loan in Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T16:05:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2016\/12\/two-men-shaking-hands-with-coffee-and-laptop_getty_250x250.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Falk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Falk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\"},\"author\":{\"name\":\"Tim Falk\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464\"},\"headline\":\"Unsecured business loans in Canada\",\"datePublished\":\"2020-05-05T16:05:35+00:00\",\"dateModified\":\"2023-06-23T17:25:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\"},\"wordCount\":3006,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2016\/12\/two-men-shaking-hands-with-coffee-and-laptop_getty_250x250.jpg\",\"articleSection\":[\"Business Loans\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\",\"url\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans\",\"name\":\"Unsecured Business Loans in Canada | Fast Approvals | Finder Canada\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/business-loans\/unsecured-business-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2016\/12\/two-men-shaking-hands-with-coffee-and-laptop_getty_250x250.jpg\",\"datePublished\":\"2020-05-05T16:05:35+00:00\",\"dateModified\":\"2023-06-23T17:25:48+00:00\",\"description\":\"Unsecured business loans let you borrow money without collateral. 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This means you won't be putting any of your assets at risk if you default on your loan, but it also means you'll need to accept a higher interest rate than a secured loan.\\r\"}},{\"@type\":\"Question\",\"name\":\"How much can I borrow with unsecured business loans in Canada?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rIt depends on the lender. The best way to find out <a href=\\\"https:\/\/www.finder.com\/ca\/business-loans\/how-much-business-loan-can-i-get\\\">how much you borrow with a business loan in Canada<\/a> is to get pre-approved by multiple lenders. This will also give you a better idea of how much interest you'll need to pay.\\r\"}},{\"@type\":\"Question\",\"name\":\"Do I need to have a business credit score to apply for an unsecured business loan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rWhile it can help to have a well-established business credit score, you may be able to get by with just your personal score. Just be aware that you could be required to sign a personal guarantee for your business loan if you use your personal credit score to qualify. This will make you personally obligated to repay your loan if you default on payments.\\r\"}},{\"@type\":\"Question\",\"name\":\"Is a small business loan secured or unsecured?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rSmall business loans can be secured or unsecured. A secured loan lets you put up collateral such as personal or business assets to back your loan. This reduces the risk for the lender and allows you to access a better rate. Meanwhile, unsecured small business loans don't require you to put any of your assets at risk, so the amount you can borrow and the interest rate you get are determined based on your creditworthiness.\\r\"}},{\"@type\":\"Question\",\"name\":\"Why was my business loan application rejected?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYour application may be rejected because you don't meet the eligibility criteria. For example, you could be denied if you fail to meet age or residency requirements or if you have a low credit score and\/or don't make enough income. It could also be as simple as an incomplete application, so make sure to contact your lender for more information.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I get unsecured business loans for startups?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYou may have more trouble getting an unsecured business loan to fund a start-up or new company. This is because many lenders will want to see that you have an established business with a regular stream of revenue before they'll provide you with financing. Check out your options for funding a new venture in our <a href=\\\"https:\/\/www.finder.com\/ca\/business-loans\/startup-loans\\\">guide to start-up loans<\/a>.\\r\"}},{\"@type\":\"Question\",\"name\":\"What happens if I default on my loan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYou'll typically be charged a fee if you miss any loan payments. If you default on an unsecured business loan, what happens next depends on the lender and the terms of your loan.\\r\\rIf you provided a personal guarantee, the lender can repossess your personal assets and sell them to cover your debt. If not, the lender or a debt collector may sue you to collect the outstanding loan balance. Your business and personal credit scores will also be negatively affected, which will make it more difficult to get approved for business or personal loans in the future.\\r\\rFind out more in our guide to what happens if you default on a business loan.\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2023-06-23T17:25:48+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Unsecured Business Loans in Canada | Fast Approvals | Finder Canada","description":"Unsecured business loans let you borrow money without collateral. 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This means you won't be putting any of your assets at risk if you default on your loan, but it also means you'll need to accept a higher interest rate than a secured loan.\r"}},{"@type":"Question","name":"How much can I borrow with unsecured business loans in Canada?","acceptedAnswer":{"@type":"Answer","text":"\rIt depends on the lender. The best way to find out <a href=\"https:\/\/www.finder.com\/ca\/business-loans\/how-much-business-loan-can-i-get\">how much you borrow with a business loan in Canada<\/a> is to get pre-approved by multiple lenders. This will also give you a better idea of how much interest you'll need to pay.\r"}},{"@type":"Question","name":"Do I need to have a business credit score to apply for an unsecured business loan?","acceptedAnswer":{"@type":"Answer","text":"\rWhile it can help to have a well-established business credit score, you may be able to get by with just your personal score. 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