Business financing in Milliken
Options, local help and what lenders look for in Milliken, Markham. Apply once and we’ll match you with one financing partner.
Short answer
Businesses in Milliken can use the same options as the rest of Markham: bank and credit union loans, the government-backed Canada Small Business Financing Program (up to $1.15 million), BDC loans and specialist lenders. Given what Milliken is like, term loans and commercial real estate come up often. The Markham Small Business Centre offers free advice to businesses across Markham.
Doing business in Milliken
A south Markham neighbourhood on the Toronto border, with detached homes, townhouses and busy commercial plazas.
Busy plazas with many restaurants and small businesses line the main roads, and homes range from older detached houses to newer townhouses.
Financing for Milliken businesses
Milliken’s shops, restaurants and services often finance renovations, fit-outs and seasonal inventory. A lease with enough time left on it makes lenders more comfortable funding improvements to the space.
Many businesses in Milliken are owner-run. When an owner is ready to retire, acquisition financing can help a manager, family member or outside buyer take over an established business.
How NorthMerit can help
Apply once and we’ll connect you with one financing partner who works with businesses like yours. It’s free, and there’s no obligation.
Where Milliken businesses get financing
| Option | How much | What you need | Good for |
|---|---|---|---|
| Bank or credit union loan | Varies with revenue and security | Usually 2+ years of statements, good credit, often a personal guarantee and collateral | Established, profitable businesses |
| Canada Small Business Financing Program | Up to $1.15M: $1M in term loans (up to $500K for equipment and leaseholds) plus a $150K line of credit | Revenue of $10M or less; arranged through your bank or credit union; 2% registration fee | Start-ups and businesses short on collateral |
| BDC small business loan | Up to $350K, applied for online | 24 months in business, profitable, credit score of 600+, revenue of $100K+ ($250K+ above $100K) | Working capital, growth, refinancing |
| Commercial mortgage | Often 65% to 75% of the property’s value | A down payment, appraisal and environmental review | Buying or refinancing the building you work from |
| Alternative and online lenders | Smaller amounts, fast decisions | Bank statements and revenue history; higher cost | Short-term needs when a bank says no |
Free local help
- Markham Small Business Centre: advice and services for people starting or growing a business. Visit
- Starter Company Plus: Ontario grants of up to $5,000, plus training and mentoring, for people 18 and older starting or buying a business, delivered through local small business centres. You contribute at least 25% of the grant amount. Ontario
Sources
We checked these figures against official sources in October 2026. Rules and rates change, so confirm the details with your mortgage professional, lawyer or the source before you rely on them.
Common questions
What financing do businesses in Milliken use most?
Where can I get free business advice near Milliken?
Can a new business in Milliken get a loan?
How does NorthMerit help Milliken businesses?
More Markham neighbourhoods
The right financing, from the right partner.
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