TD Bank
TD Bank is Canada's second-largest bank offering competitive personal loans with flexible terms and fast online approval.
$2,000 CAD – $50,000 CAD
APR from 6.99%
Approval: 1-2 business days
Business Loans – Finance Your Business
Comparing 6 offers. Updated April 10, 2026.
Best Offers – Business Loans 2026
RBC Royal Bank
RBC Royal Bank is Canada's largest bank offering personal loans with competitive rates and a fully digital application process.
$1,000 CAD – $50,000 CAD
APR from 7.99%
Approval: 24 hours
Scotiabank
Scotiabank offers flexible personal loans with competitive rates, optional payment protection insurance, and a fast online application process.
$1,000 CAD – $50,000 CAD
APR from 7.49%
Approval: 1-3 business days
BMO Bank of Montreal
BMO Bank of Montreal offers personal loans with a fast online process, fixed monthly payments and no hidden fees.
$1,500 CAD – $35,000 CAD
APR from 8.49%
Approval: 2-3 business days
CIBC
CIBC offers personal loans and home equity solutions with high loan amounts up to $200,000 and competitive fixed rates.
$3,000 CAD – $200,000 CAD
APR from 8.99%
Approval: 1-2 business days
Manulife Bank
Manulife Bank offers competitive personal loans and lines of credit with a unique all-in-one banking approach.
$5,000 CAD – $100,000 CAD
APR from 7.35%
Approval: 2-5 business days
Business loans in Canada are designed for financing business needs: equipment purchases, short-term working capital, investment loans, or startup financing.
Types of Business Loans
Canadian businesses can access term loans, business lines of credit, SBA-equivalent BDC loans, and equipment financing. Major banks and BDC (Business Development Bank of Canada) are the primary sources.