Business Loan Calculator
Calculate loan payments, total interest, and view amortization schedules for your business financing.
Loan Details
Typical Canadian Business Loan Rates
- • Bank term loans: 6-10%
- • BDC loans: 7-12%
- • CSBFP loans: Prime + 3%
- • Alternative lenders: 10-30%+
Loan Summary
Year-by-Year Breakdown
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Types of Business Loans in Canada
Term Loans
Lump sum with fixed payments over set term. Best for major purchases, expansion.
Typical rates: 6-12%
Line of Credit
Revolving credit, pay interest only on what you use. Best for working capital.
Typical rates: Prime + 1-5%
Equipment Financing
Secured by equipment purchased. Best for vehicles, machinery, technology.
Typical rates: 5-15%
CSBFP (Government-backed)
Up to $1M for small businesses. Easier qualification, lower rates.
Max rate: Prime + 3%
Frequently Asked Questions
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