Small Business Loans

Get the funding to grow your business, with an application lenders can say yes to.

A business loan gives you a lump sum to invest in equipment, premises, stock or expansion, repaid over an agreed term.

WHEN A BUSINESS LOAN MAKES SENSE

Buying or upgrading equipment or vehicles

Renovating or expanding your premises

Buying inventory ahead of a busy season

Taking on a larger contract or a new location

Turned down before? You are not alone.

Many business owners are declined without a clear explanation. We walk through what lenders commonly look at before you apply, so you can fix what can be fixed and present your business clearly.

Cash flow

Can the business comfortably cover repayments?

Collateral

Assets that could secure the loan, where required.

Time in business

And a clear plan for the money.

Credit history

Personal and business credit reports.

Existing debts

How much you already owe.

Tax records

Including up-to-date CRA filings.

How it works

1

Tell us about your business

And what you need the funds for.

2

We review what lenders ask for

And help you get your paperwork in order before we introduce you to licensed lenders.

3

We explain your options

Including repayment terms and total cost.

4

You decide

Whether to go ahead.

Ready to talk it through?

Tell us about your business and what you are planning.

Business registration details, recent financial statements or bank statements, tax filings, ID for owners, and a short description of how the funds will be used. [Confirm list with Corefield.]

What to have ready

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Approval, amounts, rates and terms are decided by the lender and depend on your business. Corefield cannot guarantee approval. Loans are provided by independent, licensed third-party lenders introduced through Corefield; Corefield provides consultation and facilitation only.