Bakery Business Loan

Bakery Business Loan

Looking for the recipe for success for your small bakery business? Then you know it takes more than just a lot of work, it takes a lot of money. That’s where we come in. Achieve your short-term and long-term business goals with the help of our capital solutions. Learn how a loan can set you up for success.

Bakery Business Loan

The bakery business industry in Canada is very popular. It involves the manufacturing of bread, biscuits, cakes, pastries, and even frozen desserts and baked products. Due to the growing demand for special dietary goods, Canadian entrepreneurs are opening more bakeries than ever before. When operating a bakery, there are several large expenses you need to take into consideration such as equipment, ingredients, staffing, etc. You can leverage a bakery business loan to ensure that you have the necessary capital to cover all your cash flow needs.

Everyday brings a different challenge and a different opportunity. At Driven, we’re here with the funds you need when you need them. Whether that’s to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level. We offer bakery business loans of up to $300,000 with a variety of flexible payment options, providing entrepreneurs with the capital they need to build the best possible culinary experience. Our application process is quick and easy, allowing you to access the funding you require in as little as 24 hours.

How can a bakery business loan help me?


As you know all too well, you can’t run a successful bakery business without making sure you have sufficient inventory. Stay ahead of demand by investing in a longer lead of inventory and working with fulfillment partners to manage it. Don’t make your customers wait for you, be prepared to meet their needs at any given moment. You’ll also need to consider the financial burden of food going bad if it isn’t sold.


In addition to stocking your inventory, you’ll also need the proper equipment to store, preserve, and display your goods. This might include industrial sized fridges and freezers, heating systems, hydration systems, and display shelving. Bakery equipment doesn’t come without a hefty price tag. Use a bakery business loan to deck out your business with all of the necessary equipment.

Staffing and Payroll

Bakery businesses require a large number of staff to operate. Leveraging a bakery business loan enables you to fulfill your payroll commitments while freeing up operating capital for initiatives and potential growth prospects. By giving yourself this freedom, you can expand your business and boost your cash flow health, giving you a stronger position in the long run.

Interesting facts about the bakery industry in Canada

  • According to data from FCC, bakeries are the fastest growing food sector, with an average annual GDP growth rate of 5.4% since 2015.
  • Foodservice demand fell as much as 61% in April, dragging down bakery manufacturing after a strong Q1. Food service has begun a slow recovery and is still down over last year. Despite all the disruptions, bakery manufacturing sales are up 6.7% through July.
  • Many bakeries use plastic for packaging products. This usage increased with production shifting to consumer packaging from food service. Expect calls for more eco-friendly and less plastic usage to persist post-pandemic as governments implement new green policies. Middle to high-income households are willing to pay more for green packaging, but higher costs make it difficult to see widespread adoption at this stage.

How it works


Apply in 3 simple steps and
get pre-approved instantly

Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.


Draw what you need, when you need it

When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.


Use our support for whatever you need

Choose the repayment schedule that makes sense for your business—from daily, or weekly payments, or pay early to save on interest. Borrow from $5,000 to $300,000 on 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.

See if Your business qualifies

Qualification is simple.
No heavy paperwork.

If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.

Your business is based in Canada

Your average monthly revenue is at least $3,000

You have been operating for at least 3 months with a dedicated business bank account

What do you need right now?

Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.

Funding the unexpected

Funding the unexpected

Truck broke down? Receivables late? Product stuck on a ship somewhere?

When the unexpected happens (and it will), we’ve got you.
Marketing Funding

Marketing Funding

Got a great product but need to get the word out?

A business can’t grow without putting itself out there. We help you line up your brand, marketing, and ad spend to make that big public splash.
Funding New Projects

Funding New Projects

New products? Channels? Seize-the-moment growth opportunities?

Whether it’s expanding to new locations, audiences, or product lines, we help you invest in growing your business.

We've got you

We're here to make life easier for Canadian small to medium businesses like yours. How can we help you today?