Online Business Loans in Canada

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Online Business Loans in Canada

Hi there,

Does Magical Credit Offer loan options for individuals looking to start an online business?
Any information would be amazing!

Thank you. 


By Magical Credit

Thank you for contacting Magical Credit.
Yes, we offer all types of loans for your personal needs, which could include starting an online business.

We are a short term private lender and our loans are from $500-10,000 with 6 months and 12-24 monthly payment options.
To qualify for a loan you will need to be receiving a minimum of $600.00 monthly off of working income or government subsidy and the income you are receiving will need to be directly deposited into your bank account. 

We are a bad credit lender, we never base your qualifications on your credit score, we look at the overall report of your credit as we do require to see some positive credit on your report.  
If you do wish to proceed you can fill out our online application at and a representative will get back to you within 24 business hours or less on the status of your application.
If you are approved, it takes 2 business days to receive the funds directly deposited into your account.


Customer Service.
Level 1 (XP: 0)
2 months ago
helpful info about applying for business loans. thank you for sharing
Level 7 (XP: 2850)
3 months ago
Interested in learning more about the online business loan options we have to offer? Contact a member of the Magical Credit team for more details.


16 member reviews
    Definitely the best online loan provider in Canada. You really dont need to go anywhere else.
    By Anna
    Thank you for helping me when no one else would!
    Magical credit has helped me get a loan when all the banks turned me down! Thank you so much!

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