Can a brand-new business get financing in Canada?
Yes, but options are narrower. Startups under 6 months typically access equipment financing, secured lines of credit, government-backed programs (CSBFP), or financing tied to a strong personal guarantor.
Start an applicationPure cash-flow-based products generally require 6 months of operating history because the underwriting model needs deposit data.
Startup-friendly paths: Canada Small Business Financing Program (CSBFP) for equipment/leaseholds up to $1M, equipment leases, secured lines of credit backed by personal assets, and seller financing for acquisitions.
Voxen advises new businesses on structuring the first 12 months of capital so subsequent rounds open up the full alternative market.
Baseline eligibility, by product
Figures are typical ranges for a complete file, not guarantees. Final terms depend on revenue, time in business, credit profile and lender review.
| Merchant Cash Advance (MCA) | Business operating in Canada for 4+ months (some lenders 6+ months) |
|---|---|
| Business Line of Credit | 12+ months in business (most non-bank lenders); 24+ months at chartered banks |
| Invoice Factoring | Sell to other businesses or government on terms (net-30/60/90) |
| Equipment Financing | 6+ months in business (12+ for the most competitive pricing) |
| Term Loan | 24+ months in business (some lenders 12+) |