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  1. The business loan calculator assumes: (i) a constant interest rate throughout the repayment period and (ii) that interest payments will be made monthly for both payment types (Principal Plus Interest or Blended). The calculations produced do not account for, among other things, the following factors that may impact repayment: (i) non-scheduled ...

  2. 1-800-769-2520. 1-800-769-2520. A Canada Small Business Financing Loan Is Commonly Used For: New businesses looking for financial support to start or grow a company. Established businesses experiencing issues with cash flow as a result of a large investment. Key Benefits. Loan Is Guaranteed. 85% of the loan is guaranteed by the Federal government.

  3. Accelerate your principle repayment with 10% prepayment privileges annually. Starting at $10,000. Variable Rate Loans. Benefit from lower interest rates immediately if the prime rate changes. Protect your cash flow and convert to a fixed rate term loan if the prime rate rises. Prepayments, either partial or in full, can be made anytime without ...

  4. Personal Loans for Startup Funding. If your startup isn’t making enough money yet to get a business loan, you can try applying for a personal loan from a bank, credit union or alternative lender ...

  5. The loan approval process for RBC Business Loans for Startups typically takes a few weeks, depending on the completeness of your application and the specific loan product. RBC strives to provide timely decisions to meet your business needs, ensuring you can access the funds when you need them most.

  6. Line of Credit Amounts: $7.5k - $125k. Min. Months in Business: 6 months. Min. Revenue: $10k/month. Based in Vancouver, Merchant Growth is an online alternative lender that provides business loans to small businesses in Canada. They offer term financing, line of credit, and even e-commerce financing.

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  8. Mar 22, 2021 · Many companies have faced a prolonged and substantial impact to their business as a result of COVID-19. To support those hardest-hit, the Canadian Government has empowered the Business Development Bank of Canada (BDC) to provide loan guarantees to increase eligible businesses’ ability to access long-term stable funding from their financial institution.

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