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Small Business Loans in Toronto

Get $5,000 to $100,000 in as little as 24 hours from a Toronto-based direct lender on King Street East. No credit checks. No collateral.

Capital Advance provides business loans in Toronto to established small businesses that need fast, flexible working capital to manage cash-flow gaps and growth opportunities. We finance according to your revenue and cash flow, not your personal credit score or collateral, and we’re transparent from the beginning. Fill out a 5-minute online application, and qualifying businesses can be funded in as little as 24 hours. From Downtown and North York to Mississauga, Brampton, Vaughan and Markham, we offer small business loans in Toronto and across the GTA, plus business funding in Ontario for companies outside the city.

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4.9/5 from 70 Google reviews · 85%+ of our customers return for additional funding

A Direct Lender Based in Toronto

Capital Advance is a Canadian-owned and operated direct lender with its office at 18 King Street East, Suite 1400, Toronto, ON M5C 1C4. We review and approve every application in-house rather than passing it to a third party. We don’t work with brokers, and we will never share or sell your information.

Fast business funding in Toronto is possible because we deal directly with the lender. Our team takes the time to understand your business, cash flow, and funding needs, then aligns the right solution.

Email support@capitaladvance.ca, and we’ll get back to you within 24 hours.

Does Your Toronto Business Qualify?

Capital Advance funds established businesses with steady monthly revenue, not startups. To qualify, your business needs:

To be located in Canada; funding isn’t currently available in Quebec
At least six months in business
At least $10,000 in gross revenue in each of those six months
Revenue deposited into a business bank account

These are minimum requirements, not a guarantee of approval. We also review your cash flow, existing debt obligations, supplier and rent payment history, years in business, industry, public records, and social presence.

We don’t run a credit check or require a minimum credit score. All of our products are unsecured business loans and advances, so you never pledge personal or business property as security. That makes every option unsecured business funding in Toronto, with no collateral required. For owners comparing lenders, that means business funding without collateral in Toronto and across Ontario.

Three Ways to Fund Your Business in Toronto

Capital Advance offers three forms of business funding in Toronto, each built for a different cash-flow need.

Quick Business Funding in Toronto

For urgent needs like inventory purchases, equipment repairs, or payroll. Get $5,000 to $25,000, with approval in as little as one hour and funds in your account as fast as one hour after approval. Repayment is in fixed daily or weekly instalments. Learn more about Quick Business Funding. It’s the fastest route to same-day business funding in Toronto when a supplier, payroll, or repair bill can’t wait.

Small Business Term Funding in Toronto

Small business loans in Toronto with predictable payments: a lump sum from $5,000 to $100,000, repaid in fixed daily or weekly instalments you can budget for. Most applications are decided within 24 hours, and the money is deposited the same or next business day. These are typically used for inventory, equipment upgrades, hiring, renovations, marketing, and to fill gaps from late invoices. Learn more about Term Funding. Many Toronto owners use it as a working capital loan in Toronto or as a bridge loan for net-30 and net-60 clients, covering payroll and suppliers while invoices are outstanding. Capital Advance is one of the working capital lenders in Toronto that funds working capital loans for small business owners based on revenue, not collateral.

Merchant Cash Advance in Toronto

A merchant cash advance in Toronto gives you a lump sum that you repay as an agreed percentage of your sales, so you pay more on strong days and less when sales are slow. It’s an advance against future sales, not a loan. It suits retailers, restaurants, salons, and shops with consistent daily sales, including seasonal businesses. Business owners across the Greater Toronto Area often choose it for its flexible, sales-based repayment. Learn more about Merchant Cash Advances. Businesses elsewhere in the province can access the same merchant cash advance in Ontario.

How Toronto Businesses Use Working Capital

Our business loans in Toronto are not tied to a single invoice, order, or asset, so you can put the money where your cash flow needs it most. Common uses across the GTA include:

Payroll: A business loan to cover payroll when clients pay on 30- or 60-day terms, so your team is paid on time
Suppliers: A business loan to pay suppliers upfront to secure stock, better terms, or volume pricing
Retail inventory: Retail inventory financing in Toronto ahead of holiday, back-to-school, and summer peaks
Wholesale inventory: Wholesale inventory financing for distributors and manufacturers filling larger orders
Restaurants: A restaurant working capital loan in Toronto for patio season, staffing, or kitchen repairs
Growth: Hiring, renovations, marketing, or opening a second location

Capital Advance provides working capital rather than invoice financing. You receive one lump sum you can use across all of these needs, and you can read more about how inventory funding and working capital loans compare.

An Ontario Success Story

Capital Advance provides business loans in Ontario and across Canada outside Quebec. Here’s how same-day funding helped a rebar installation service in Thunder Bay.

Business: rebar installation service in Thunder Bay, Ontario
Monthly revenue: $80,000
Time in business: 10 years
Employees: 7
Need: Bridge cash flow for payroll caused by customer payment terms.
Challenge: Needed same-day funding to meet the payroll cycle
Result: After reviewing invoices and the client’s past payment history, Capital Advance provided $30,000 in same-day funding

Toronto businesses facing a similar payroll gap can apply the same way. It works like a bridge loan for net-30 clients: the funds arrive now, and you repay in fixed instalments while your invoices are collected.

Industries We Fund in Toronto and the GTA

We provide small business loans in Toronto to established businesses across many industries, including:

Automotive repair: Repair shops, tire dealers, auto detailing, auto glass repair and towing
Food and beverage: Restaurants, cafes, bakeries, food trucks, breweries and catering
Retail: Grocery, specialty food, convenience stores, florists and building supplies
Personal care: Salons, barbers, spas, dentists and opticians
Skilled trades: HVAC, plumbing, electrical, landscaping and snow removal, and painting
Manufacturing and wholesale: Construction materials, electrical equipment, automotive parts, and windows and doors

We don’t fund car dealerships, trucking owner-operators, or the purchase of an existing business. Trucking companies qualify when they have a fleet of vehicles and employees on payroll.

Business Loans Across Ontario and the GTA

Capital Advance funds businesses across the Greater Toronto Area, including Downtown Toronto, North York, Scarborough, Etobicoke, Mississauga, Brampton, Vaughan, Markham, Richmond Hill, and Oakville. We also provide business loans in Ontario beyond the GTA, from Ottawa and Hamilton to London, Kitchener-Waterloo, and Thunder Bay, where the rebar installer in our success story is based.

Whether you’re looking for a business loan in the Toronto GTA or Ontario business funding for a company outside the city, the requirements are the same: six months in business, $10,000 or more in monthly gross revenue, and a business bank account. Small business loans in Ontario are reviewed by the same in-house team at our King Street East office. Ontario small business loans, small business funding in Ontario, and funding for small business in Ontario all follow this same process. If you have been searching for business loans near me in Toronto, you can apply online from anywhere in the city.

Why Toronto Business Owners Choose Capital Advance

If you’re looking for small business funding in Toronto from a partner that moves as quickly as you do, here’s what sets us apart:

No hidden fees: We charge no admin, setup, program, or underwriting fees, so nothing reduces your funding amount.
10% early repayment discount: Pay off your balance early, and we take 10% off the outstanding amount, with no penalties.
No indiscriminate debt stacking: We only offer additional capital when it fits your business, cash flow, and repayment capacity.
Additional capital when you need it: If your needs change before you repay your funding, we’ll review your cash flow and performance to see whether more funding makes sense.
Guidance beyond funding: Our advisors offer guidance and expertise tailored to your goals.
A track record you can check: 4.9/5 from 70 Google reviews, 85%+ of customers returning for additional funding, and a verified lender badge from the Canadian Lenders Association.

How It Works: Getting a Business Loan in Toronto

Getting business loans in Toronto through Capital Advance takes five steps:

Complete the five-minute online application.
Securely connect your business banking information.
Our team reviews your application and sends you a funding offer.
Receive your funds, often within 24 hours for qualifying businesses.
Repay automatically under the terms of your agreement.

Alternative Small Business Loans in Toronto After a Bank Decline

Many Toronto owners come to us after a bank says no. Banks often want years of financial statements, collateral, and strong personal credit, and decisions can take weeks. As one of the alternative small business loans in Toronto, Capital Advance looks at what your business earns instead.

If you have six months of history and $10,000 or more in monthly revenue, a business loan after a bank declined you is still possible, and qualifying businesses can be funded in as little as 24 hours. There is no bank package to prepare, only a five-minute online application.

Get the Funding Your Toronto Business Needs

Skip the stress of traditional bank loans. Apply for business loans in Toronto in five minutes, and qualifying businesses can receive funds as soon as the same day.

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No credit checks · No collateral · No hidden fees

What Business Owners Say

Capital Advance4.9

Based on 74 reviews

liisa Levesque-Belig

2 weeks ago

We have been working with Chris Desaulniers.for a while now with our business he is very helpful and always on top of things with fast response and very professional. Thank you for always making it seamless.

Paul Cheung

4 weeks ago

Capital Advance was very fast and responsive with an easy application process, as long as you have all your legal proof of business documents ready.

Puerto Mexico Van

4 weeks ago

Really help when you need it Chris is really helpful with answers so nothing is hide

Chris Szulc

1 month ago

I cannot express how excellent Capital Advance service is. Chris’s communication was fantastic and the process was simple. I definitely recommend Capital Advance to anyone looking for a reliable lender.

Mark Sarner

2 months ago

Toronto Business Funding FAQs

How can I get a small business loan in Toronto if my bank already declined me?

Capital Advance can often finance businesses in Toronto that a bank has turned down, as we look at revenue and cash flow, not credit score or collateral. You must be in business for at least 6 months and have monthly gross revenue of $10,000 or more. You don’t need to fill out a bank package, just a 5-minute online application and secure connection to your business banking.

What do I need to qualify for business funding in Ontario without a credit check?

To qualify with Capital Advance, your business needs at least six months of operating history and at least $10,000 in gross revenue in each of those months. We don’t do credit checks or require collateral. Instead, we review your cash flow, existing debt, supplier and rent payment history, and industry. The same business loan requirements in Ontario apply across Canada; funding isn’t currently available in Quebec.

Can I get a business loan in Toronto with bad credit and no collateral?

Yes. Capital Advance considers all credit types, so you can qualify for business loans in Toronto with bad credit, as long as you don’t have an open bankruptcy. All our products are unsecured, so you never pledge personal or business property. Approval is based on steady revenue: at least $10,000 a month for the last six months.

What's the fastest way to get working capital for a Toronto business? Can it be same-day?

Capital Advance’s Quick Business Funding is the fastest option: $5,000 to $25,000, with approval in as little as one hour and funds in your account as fast as one hour after approval. For amounts up to $100,000, qualifying businesses can be funded in as little as 24 hours. The online application takes about five minutes.

How much does a business loan cost in Toronto, and are there hidden fees?

With Capital Advance, your cost depends on your offer, and your agreement sets out clear terms before you accept. We charge no admin, setup, program, or underwriting fees, and paying off your balance early earns a 10% discount on the outstanding amount. When comparing business loan rates in Toronto, look at the total dollars you’ll repay, not just the headline rate.

Is a merchant cash advance or a fixed-payment loan better for a business with uneven sales?

When your sales fluctuate, a merchant cash advance is typically the better choice, since you pay a fixed percentage of your sales, more on busy days and less on slow days. If you’d rather budget around equal payments, Capital Advance’s Term Funding uses fixed daily or weekly instalments. Both are unsecured and available to businesses that meet our revenue requirements.

Which business lenders are based in Toronto and lend directly, not through brokers?

Capital Advance is a direct lender with its office at 18 King Street East, Suite 1400, Toronto. We review and approve applications in-house, don’t work with brokers, and never share or sell your information. Dealing directly with the lender is what makes our speed possible, including business financing in Toronto with Quick Business Funding approvals in as little as one hour.

Can I get more funding if I already have a business loan or merchant cash advance?

Yes. An existing loan, line of credit, or advance from another lender doesn’t automatically disqualify you. Capital Advance reviews your current debt obligations and balances to decide how much you qualify for. We don’t engage in indiscriminate debt stacking, so any new funding has to fit your cash flow. Existing clients can also request additional capital before repaying their current funding.

Can I get Ontario business funding if my company is outside Toronto?

Yes. Capital Advance funds businesses across the GTA and the rest of Ontario, including Mississauga, Brampton, Vaughan, Markham, Ottawa, Hamilton, London, and Thunder Bay. Business funding in Ontario follows the same process as in Toronto: apply online in about five minutes, connect your business bank account, and receive an offer after our in-house review. Funding is available everywhere in Canada except Quebec.

Can I use a business loan to cover payroll while waiting on net-30 or net-60 clients?

Yes. Covering payroll during slow-paying customer cycles is a common reason Ontario businesses apply. In one example, a Thunder Bay rebar installer with $80,000 in monthly revenue received $30,000 in same-day funding to meet its payroll cycle. Quick Business Funding covers $5,000 to $25,000 for urgent needs, and Term Funding goes up to $100,000.

What's the difference between inventory financing and a working capital loan in Toronto?

Inventory financing is usually tied to the stock you buy. Capital Advance’s funding is a lump sum of working capital, so Toronto retailers and wholesalers can use it for inventory and also for payroll, suppliers, or marketing around the same season. Term Funding suits planned stock purchases with fixed payments, while a merchant cash advance suits stores whose sales rise and fall.

Is a merchant cash advance in Toronto a good fit for restaurants and retail stores?

Often, yes. A merchant cash advance in Toronto is repaid as an agreed percentage of your sales, so restaurants, cafes, and retail stores with steady daily sales pay more on busy days and less on slow ones. It works well for seasonal swings, such as patio season or the holiday rush. If you prefer equal payments, Term Funding is the alternative. Some owners know it as a business cash advance in Toronto; it works the same way.

How do I apply for a small business loan in Toronto online?

Complete the five-minute online application, securely connect your business banking, and our team reviews your application and sends you an offer. There are no financial statements or business plans to prepare. Qualifying businesses can receive small business loans in Toronto in as little as 24 hours, and Quick Business Funding can be approved in as little as one hour.

How do I get a small business loan in Ontario?

Confirm your business has operated for at least six months with $10,000 or more in monthly gross revenue deposited into a business bank account. Then apply online with Capital Advance in about five minutes and securely connect your business banking. Our team reviews your application, usually the same day, and sends an offer. Small business loans in Ontario range from $5,000 to $100,000.

Can I get same-day business loans in Toronto?

Yes, for qualifying businesses. Quick Business Funding provides $5,000 to $25,000 with approval in as little as one hour, and funds can reach your account as fast as one hour after approval. That makes same-day business loans in Toronto possible for urgent needs. Larger Term Funding amounts are usually decided within 24 hours.

Do I need a business loan broker in Toronto?

No. Capital Advance is one of the private business lenders in Ontario that lends directly. We review and approve every application in-house, don’t work with brokers, and never share or sell your information. Applying directly also means no broker fees and faster decisions.

Do you offer a business line of credit in Toronto?

No. Capital Advance does not offer a line of credit. Instead, Toronto businesses receive a lump sum through Term Funding, Quick Business Funding, or a merchant cash advance. Many owners use our funding alongside an existing line of credit, or when their line of credit has no room left, and we review existing debt to make sure new funding fits your cash flow.

Can a new business get a business loan in Ontario?

Capital Advance funds established businesses, so you need at least six months in operation and $10,000 or more in monthly gross revenue. Startups and pre-revenue businesses are not eligible. Once you pass six months with steady revenue, you can apply for business loans in Ontario online.