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SOLUTIONS FOR WHAT’S NEXT

Business financing in Canada

Explore options that support your cash flow, equipment and growth. Start with the solution closest to your needs.

Explore your options
A café owner and barista at their coffee counter
01

Merchant cash advance

Access working capital based on your business revenue. Explore an advance for inventory, payroll or a seasonal cash-flow gap.

Explore financingA landscaping business owner beside a work truck in an outdoor yard
02

Term loans

Finance a defined business project with a lump sum and an agreed repayment schedule. Plan an expansion, renovation or longer-term investment.

Explore financingA florist arranging a colourful bouquet in her flower shop
03

Business line of credit

Explore revolving credit for recurring business needs. Draw funds within an approved limit and replenish available credit as you repay, subject to your agreement.

Explore financingA fabrication shop owner and technician beside industrial equipment
04

Equipment financing

Explore financing for the machinery, vehicles and tools your business relies on. Spread the purchase cost while keeping cash available for operations.

Explore financingConstruction business owners reviewing invoice paperwork and project plans
05

Invoice factoring

Explore access to cash against eligible outstanding business invoices. Bring forward a portion of your receivables instead of waiting for customer payment.

Explore financingA barber serving a customer in an independent barbershop
06

Credit-challenged business loans

Discuss financing when your credit history makes borrowing more difficult. Your business performance and current circumstances are part of the conversation.

Explore financing

CANADIAN BUSINESS FINANCING

How does Next Fund help Canadian businesses get financing?

Next Fund helps Canadian business owners explore financing through lending partners. Options include term loans, business lines of credit, equipment financing, merchant cash advances and invoice factoring. Apply in English or French with your funding needs and business details; approval and terms depend on the lender’s review.

Compare business financing options

Business financing options available to explore with Next Fund
Financing optionPossible usesHow it works and what to compare
Merchant cash advanceInventory, payroll or other operating expenses.Review the advance agreement for the total amount payable and payment frequency, including how payments respond to changes in sales.
Term loansA planned expansion, renovation or defined project.A lump sum repaid on an agreed schedule. Compare the term, total cost and early-repayment conditions.
Business line of creditRecurring expenses or seasonal cash-flow gaps.Draw within an approved limit and reuse available credit as you repay, subject to the agreement. Check interest, fees and repayment requirements.
Equipment financingPurchasing machinery, business vehicles or tools.Payments follow the financing agreement. Compare any down payment, security requirements and total cost.
Invoice factoringA construction business with eligible unpaid customer invoices, or another business waiting on invoice payments.Eligible invoices are sold for access to funds before customers pay. Compare fees, collection arrangements and responsibility for unpaid invoices.
Credit-challenged business loansExploring options when credit history limits borrowing.This is a review of available options, not one repayment structure. Costs, security and payments depend on the product and lender.

What should I prepare before applying?

Have your legal business name, industry, time in business, monthly revenue range, requested amount and funding purpose ready. The application also asks for your name, email, phone number and province or territory. Your advisor will confirm any supporting documents needed for the lender’s review.

What should I review in a financing offer?

Review the total repayment amount, interest and fees, payment frequency, term, security requirements and any early-repayment conditions. These depend on the product and lender. Next Fund does not guarantee approval, a particular rate or a funding deadline.

Read more financing questions and answers →

BEFORE YOUR NEXT STEP

A CLEAR PATH FORWARD

Less friction. More momentum.

Our process
01

Tell us your plans

Answer a few questions about your business or property. The application adapts to what you need.

02

Explore your options

An advisor reviews your request, discusses the details and helps you understand potential financing.

03

Take the next step

Review your offer and its terms. Once approved and completed, funding can move forward.

FAQ

A little clarity. A lot of confidence.

Still have a question? We’re here to help.

Talk to our team

Prepare your business details and recent bank statements. After submitting the business application, the optional expedited review lets you upload the last 12 months of statements or complete instant banking verification. Depending on the product, the lender may also request financial statements, identification, equipment quotes or invoice details. Your advisor will confirm the requirements for your file.

You can submit an application with credit challenges. Your credit history is considered alongside business performance and the lender’s requirements. Available products, costs and any security requirements depend on the assessment; submitting an application does not guarantee approval.

Monthly revenue helps a lender assess whether repayments fit your business cash flow. Revenue consistency, operating expenses, existing debt and time in business may also affect the decision. Revenue alone does not determine approval or a funding amount. The homepage calculator provides an illustration, not a financing offer.

Timing depends on the financing type, the completeness of your documents, verification and the lender’s review. Approval and the release of funds are separate steps. Providing complete information can help avoid follow-up delays. Ask your advisor for an estimate for your file; no approval or funding deadline is guaranteed.

Compare the amount you receive with the total amount you must repay. Review interest or other financing charges, all fees, payment amounts and frequency, the term, security or personal guarantees, and early-repayment conditions. For invoice factoring, also ask who collects payment and what happens if a customer does not pay. Compare written offers using the same funding amount and repayment period where possible.

LET’S MAKE IT HAPPEN

What’s your next move?

Tell us where you want to go. We’ll explore the way forward.

Start your application