{"id":862924,"date":"2020-06-19T20:23:08","date_gmt":"2020-06-20T00:23:08","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=862924"},"modified":"2026-04-20T14:09:57","modified_gmt":"2026-04-20T18:09:57","slug":"how-much-business-loan-can-i-get","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/business-loans\/how-much-business-loan-can-i-get","title":{"rendered":"How much business loan can I get?"},"content":{"rendered":"

You may be able to borrow between $5,000 and $1 million to start or grow your company with a business loan. Find out more about how much business financing you can get with different types of loans and lenders, and compare several providers to find the best option for your needs.<\/p>

How much business loan can I get?<\/h3>

Business lenders typically offer between $5,000 and $500,000, although the amount you\u2019ll get usually depends on which lender you choose. The amount you can borrow also depends on personal factors, such as your credit score, debt-to-income ratio and business revenue.<\/p>

You\u2019ll usually be able to access more money if you have an established business, a strong credit rating and a decent amount of disposable income. You\u2019ll be able to borrow less if you\u2019re just starting out or if you have a poor credit history.<\/p>

How much of a business loan can I get with different types of lenders?<\/h3>

You may be able to qualify for the following amounts based on the lender you choose:<\/p>

1. Bank loans<\/h4>

If you\u2019re wondering how much of a bank loan you can get for your business, first understand that banks tend to offer the largest business loans compared to other types of providers. Many banks offer business term loans starting at $5,000 and reaching as high as $1 million, although you may have to put up collateral like business equipment or real estate to qualify.<\/p>
Providers include:<\/td>

BMO, TD Bank, RBC, CIBC, Scotiabank and National Bank.<\/p><\/td><\/tr><\/tbody><\/table>

\n
\nRelated: <\/span>Guide to bank business loans<\/a>\n<\/div>\n<\/article>

2. Credit union loans<\/h4>

Credit unions usually offer smaller business loans that typically range from $5,000 to $100,000. These loans are usually more flexible than bank business loans and may require you to meet less strict eligibility criteria to qualify.<\/p>
Providers include:<\/td>

Meridian, Servus, Vancity, connectFirst, Conexus, Tru Cooperative Bank, Steinbach, Alterna Savings and Coast Capital Savings.<\/p><\/td><\/tr><\/tbody><\/table>

\n
\nRelated: <\/span>Guide to credit union business loans<\/a>\n<\/div>\n<\/article>

3. Online loans<\/h4>

Online lenders typically offer business financing as low as $5,000 up to $300,000, though you may be able to find providers that offer more. Larger funding amounts typically need to be backed by collateral, such as business equipment or real estate.<\/p>
Providers include:<\/td>

Loans Canada, SharpShooter, Journey Capital, Driven and Merchant Growth. Compare more online business loans below<\/a>.<\/p><\/td><\/tr><\/tbody><\/table>