Business loans in Quebec
Montreal, Quebec City, Laval, Gatineau, Sherbrooke and the regions: Quebec businesses use the same core funding products as the rest of Canada, with their own tax and registration paperwork. Our Canadian office is in Montreal.
A referral service, free for owners. We usually call the same business day, often within minutes of your application.
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Cities we serve in Quebec
Local economy
What drives the Quebec economy
Quebec's economy has a character of its own. Montreal is a centre for aerospace, video game studios, artificial intelligence research, fashion and a busy port, while Quebec City mixes government, insurance and tourism. Hydroelectric power from the north supports aluminium smelting in the Saguenay and energy-hungry industry across the province. Forestry, pulp and paper, and mining shape the regions, dairy farms fill the St. Lawrence valley, and the province is famous for maple syrup. French is the language of business, and a large network of family-owned manufacturers and cooperatives runs through every region.
Tax remittances and your application
Quebec charges the federal GST at 5% plus the Quebec Sales Tax (QST) at 9.975%. For most Quebec businesses, both are administered by Revenu Québec rather than the CRA, so lenders may ask for Revenu Québec statements or notices as well as CRA ones (for payroll and income tax).
What fits
What Quebec owners usually apply for
- Working capital for payroll, rent and inventory, especially around seasonal swings.
- Equipment financing for restaurants, manufacturers, contractors and transport companies.
- Term loans for renovations, a second location or buying out a partner.
- Merchant cash advances for restaurants and retailers with strong card sales, used carefully.
Industries we hear from
- Manufacturing: Quebec machine shops and aerospace subcontractors often invest in costly equipment before contracts pay. Equipment financing spreads that cost, and factoring can smooth long payment terms from larger buyers.
- Agriculture: Dairy, maple and field crop operations earn in concentrated seasons. A line of credit or equipment financing for tractors, tanks and evaporators matches payments to how the farm actually brings in money.
- Restaurants: Montreal and Quebec City restaurants swing with festival season and winter tourism. Working capital sized from card deposits can cover staffing and stock ahead of busy periods.
Paperwork
Local paperwork
- Quebec enterprise number (NEQ) from the Registraire des entreprises
- GST/QST accounts in good standing with Revenu Québec
- Documents in French are fine: lenders active in Quebec read them
Public help
Before you borrow: free Quebec resources
- Quebec government business portal: the provincial portal for starting, running and financing a business in Quebec.
- Investissement Québec: the provincial economic development body supporting Quebec businesses.
- CSBFP: government-backed loans through participating banks and credit unions.
No affiliation implied.
FAQ
Quebec business funding questions
Can I apply if my documents are in French?
Yes. French bank statements, registration papers and financial statements are normal for Quebec businesses, and lenders in our network that work in the province read them. We can speak with you in French or English.
Do lenders look at QST as well as GST?
Often, yes. Quebec businesses remit the Quebec sales tax to Revenu Québec and GST separately. Lenders may ask whether both are current, along with source deductions. If you have an arrangement with Revenu Québec, mention it early.
What if my company is registered with the Registraire des entreprises?
That is expected. Lenders look for an active registration with the Registraire des entreprises du Québec or a federal incorporation, a business bank account in the company's name, and the most recent six months of statements.
Do you help construction firms that need CNESST in good standing?
Yes. Contractors are often asked for proof that CNESST premiums are paid, and some lenders check this before funding. Having your attestation ready, along with your RBQ licence where it applies, usually makes the review smoother.
Short form first, a phone call second, then offers you can accept or ignore. Typical floor* in our network: a year of history, $20K monthly deposits, a 500 score. How it works. *Not guaranteed.
Canadian law
The federal 35% interest rate cap
Since January 1, 2025, Canada's Criminal Code sets the criminal interest rate at an annual percentage rate above 35% on the credit advanced (section 347). "Interest" there includes fees, commissions and penalties tied to the loan, not only the stated rate.
Some business loans are exempt under the Criminal Interest Rate Regulations (SOR/2024-114), only when the borrower is not an individual and the money is for a business or commercial purpose:
- More than $500,000 advanced: the section 347 cap does not apply.
- More than $10,000 and up to $500,000: exempt only if the APR is 48% or less.
- $10,000 or less: the 35% cap applies.
Ask any lender for the APR in writing before you sign. Sources: Criminal Code, s. 347 and SOR/2024-114 (Justice Canada). General information, not legal advice.
See your options in Quebec
One application, several lenders, no cost to you.