Alberta Business Loans
From Edmonton shops to Calgary contractors, Albertaâs small businesses keep the province thriving. A fast small business loan can help you cover costs or grab new opportunities when you need it most.
Types of Alberta business loans.
From the Rocky Mountains to the prairie heartland, Alberta is a bold and booming place for small businesses. A fast loan can help your operation stay strong and growing in Wild Rose Country.
Line of credit
Use a line of credit as a flexible form of financing. Unlike with a loan, this option does not involve a big disbursement upfront that you must repay, providing a flexibility that better fits many entrepreneursâ needs.
Term loan
Term loans are common small business loans in which you would apply for a large disbursement of capital and then repays it the agreed upon term at a fixed interest rate.
Equipment financing
With equipment financing, you receive a piece of equipment and then pay off the cost of the equipment in instalments. This way, your business can make money off the equipment immediately, even if you donât have the funds to buy it at the sticker price.
Merchant cash advance
A merchant cash advance is when a business gets a chunk of money upfront in exchange for a percentage of its future sales. Instead of making fixed payments, the lender takes a small cut of the business's daily credit and debit card transactions until the loan is paid off.
Revenue based financing
With revenue based financing, a business gets a lump sum of money upfront. In exchange, it agrees to pay back a predetermined portion of its future revenue until the loan and a set fee are fully repaid. This repayment model is flexible, as the amount paid each month rises and falls with the business's sales
Working capital loan
Working capital loans are ideal for businesses that need to bridge a temporary gap in cash flow, such as during a slow season or while waiting for a large payment from a client.
Get Funded in 3 Simple Steps
We've eliminated the stress and complexity of traditional lending. Our streamlined process gets you from application to funded, in a blink of an eye.
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Fill out our secure online form in minutes. We only ask for the essential details. No lengthy business plans or complicated paperwork required.
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We instantly match your application with pre-qualified offers from our exclusive network of Canadian lenders. You get to review and compare the best options side-by-side.
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Once you choose the best offer, our team works quicly to finalize your loan. Funds are deposition into your business account in as little as 24 hour, so you can get back to what matters most.
Ready for funding?
See what you can qualify for with 24HourFunding.
What You Need To Get Started
600+ Credit Score
1 Year in Business
$30,000 in Monthly Revenue
Minimum Qualifications
What You Need To Apply
Basic information about your business
6 months of business bank statements
Frequently Asked Questions
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To help speed up the process, it's a great idea to have a few key documents prepared. The most commonly requested items from our lending partners are your last 6 months of business bank statements, a valid government-issued photo ID, and a void cheque. Our funding specialist will confirm exactly what is needed during your call.
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Our name is our promise. Once you have been approved and have signed the final funding agreement, our partners can release the funds directly to your business bank account in as little as 4 hours.
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No, this initial application will not affect your credit score. We review your file first, and only after you decide to proceed with an offer may a lending partner perform a soft credit check, which does not impact your score.