Business financing in Liberty Village
Options, local help and what lenders look for in Liberty Village, Toronto. Apply once and we’ll match you with one financing partner.
Short answer
Businesses in Liberty Village can use the same options as the rest of Toronto: 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 Liberty Village is like, equipment financing and lines of credit come up often. Enterprise Toronto offers free advice to businesses across Toronto.
Doing business in Liberty Village
A former industrial district west of downtown, now mostly condos and converted brick buildings with tech and creative offices.
Almost everything for sale is a condo or a loft in a converted building, and many owners rent their units to people working downtown. It’s one of the city’s most popular areas for first condo purchases.
Financing for Liberty Village businesses
Liberty Village has a strong base of technology and professional firms. These businesses often have few physical assets, so partners look closely at recurring revenue and client contracts, and lines of credit and term loans for hiring are common.
With industrial and trade businesses nearby, equipment financing and lines of credit are common in Liberty Village. Machinery and vehicles can secure the financing, which usually means better terms and keeps your line free for payroll and materials.
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 Liberty Village businesses get financing
| Option | How much | What you need | Good for |
|---|---|---|---|
| Equipment financing or leasing | Up to the full cost of the equipment | The equipment secures the loan; a quote or invoice | Machinery, vehicles, technology |
| 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 |
| 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 |
| Alternative and online lenders | Smaller amounts, fast decisions | Bank statements and revenue history; higher cost | Short-term needs when a bank says no |
| 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 |
Free local help
- Enterprise Toronto: free in-person guidance from small business advisors, consultations and mentorship at the City’s small business centres. 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 Liberty Village use most?
Where can I get free business advice near Liberty Village?
Can a new business in Liberty Village get a loan?
How does NorthMerit help Liberty Village businesses?
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