Start with the type of need
For a business—not a personal loan—the right place to seek $100,000 depends on what the capital will do. Banks and credit unions provide conventional business financing. BDC provides financing to Canadian entrepreneurs. Specialized providers may focus on equipment, receivables, working capital or other structures. Eligible businesses can also discuss the CSBFP with participating financial institutions.
I would not promise that any of these sources will provide $100,000 “instantly.” Approval and funding timing depend on underwriting, documentation and the provider.
How I narrow the list
For equipment, I would compare equipment-specific financing with a conventional term loan. For a recurring working-capital gap, I would investigate revolving facilities where appropriate. For strong business-to-business receivables, factoring or receivables financing may be worth understanding. For a major fixed project, longer-term financing may fit better.
The product should follow the use of funds. That one discipline eliminates many poor financing matches.
What I compare between offers
I compare total borrowing cost, payment frequency, term, security, personal guarantees, prepayment conditions, fees and how quickly the capital is actually required. Speed matters, but it is only one variable.
Canada Business Loan is a marketplace/referral platform, not a lender. I would use a marketplace to organize and compare possible paths, then rely on the actual provider's disclosure and agreement for the final economics and eligibility decision.