Canada's alternative lending market is exploding, set to hit $4.2 billion by 2028. Whether you're a tech startup in Toronto or a family-run café in Quebec, there's a funding option tailored to your hustle.
Non-Dilutive Financing
Funding that doesn't require giving up ownership or taking on debt:
- Grants & Awards: Free money for everything from clean tech to exporting.
- Crowdfunding: Pre-sell products or offer rewards in exchange for cash.
- Revenue-Based Financing: Investors get a slice of monthly revenue.
Alternative Lending
- Invoice Factoring: Turn unpaid invoices into instant cash.
- Merchant Cash Advances: For retailers or restaurants with seasonal dips.
- Equipment Leasing: Lease equipment instead of buying outright.
Peer-to-Peer Lending
Borrow directly from investors via online platforms. Faster approvals than banks with competitive rates.
Government-Backed Programs
- BDC Small Business Loan: Up to $100K with no collateral.
- Canada Small Business Financing Program: Up to $1M for equipment or tech upgrades.