Business Term Loans Across Canada
A fixed amount, repaid over a set period with predictable monthly payments. Ideal for established businesses funding expansion, property, equipment, or large projects. We arrange term loans from $50K to $10M+.
- Typical deal size
- From $50K to $10M+. Typical close: 3–6 weeks.
- Best for
- Established Canadian businesses with 2+ years of trading
- Markets
- Canada-wide. Cross-border options available.
What is business term loans?
A term loan is a lump sum of capital advanced for a specific purpose, repaid over a fixed term, typically 1 to 7 years, with regular principal-and-interest payments.
Who fits this facility
- Established Canadian businesses with 2+ years of trading
- Owners funding expansion, acquisition, or property
- Companies refinancing higher-cost debt
- Businesses investing in long-life capital projects
Common use cases
- Business expansion and new locations
- Acquisitions and management buy-outs
- Owner-occupied commercial property
- Refinancing existing debt at better terms
How it works
Define the use of funds
Together we sharpen the proposition and identify the lenders most likely to fund it.
Build the credit story
We package financials, projections, and security into a proposal lenders can move on quickly.
Negotiate terms
Multiple lenders, real competition: we negotiate rate, tenor, covenants, and security.
Close & fund
Documents, conditions precedent, drawdown (typically 3–6 weeks from term sheet).
Why business term loans clients pick McMillan
- Specialist lenders for complex deals banks decline
- We translate your business into the proposal lenders want to read
- Cross-border structures where the right lender lives in another country
- Real negotiation: not a single bank, take-it-or-leave-it
Common questions
Often no. A decline at one bank says little about whether a specialist lender will fund the deal.
Depends on lender, deal size, and purpose, from unsecured to property-backed.
Both are available. We help you choose based on the cashflow profile.
Other funding products
Invoice Factoring
Turn unpaid invoices into immediate cash, without taking on new debt.
ViewEquipment Financing
Acquire essential equipment without locking up working capital.
ViewBusiness Line of Credit
Flexible working capital you can draw on whenever you need it. Pay interest only on what you use.
ViewStart-Up Finance
Capital to launch and scale, for founders in their first three years.
ViewLet's talk about your business term loans deal
A short call is the fastest way to find out if this fits. No obligation, no upfront cost.
Make a loan enquiry