Business Loans in Yukon
Discover best-in-class small business loans in Yukon with flexible approval terms, fast turnaround times, and personalized support. Obtain the working capital needed to grow your business in a few easy steps. Apply for small business loans in Yukon on Greenbox Capital today.
How We Finance A Small Business in Yukon
Small business funding can provide the financial impetus that small and medium-sized businesses (SMBs) need to grow and succeed.
As an alternative financing service, we specialize in quick, easy, and hassle-free business financing solutions.
We empower entrepreneurs with working capital loans ranging from $3,000 to $500,000 to meet their immediate financial requirements. Through a simplified application process and flexible terms of approval, we credit loans in less than 24 hours.
We are cognizant of the challenges entrepreneurs face from traditional financing institutions like banks. Our dedicated Funding Advisors closely collaborate with business owners to eradicate existing challenges and offer seamless service.
Business Funding Services We Offer in Yukon
We offer different Yukon business loans to suit the unique needs of small businesses at affordable interest rates determined after preliminary risk evaluation. Loans are recommended based on your business’s revenue, cash flow, vendor repayment history, years in business, and public records.
You can opt for the following types of funding for small businesses:
1. Small Business Loans
This is a fixed-term loan that you have to repay in installments. The term duration is variable — it can be short (6 months to 2 years), medium (2 to 5 years), or long (5 to 25 years). We grant small business loans up to $500,000 based on immediate business requirements.
Small business loans can be of many types. We also offer equipment financing solutions to help you purchase new implements for making tangible efficiency and productivity gains.
2. Merchant Cash Advances
A merchant cash advance in Yukon entitles you to an upfront lump sum loan. The credited amount has to be repaid via a fixed percentage of future sales. This type of small business funding is ideal for SMBs that witness bulk debit and credit card transactions.
Business cash advance loans are granted for a duration of 3-18 months.
3. Business Line of Credit
A business line of credit loan for small businesses is a flexible solution that grants a fixed amount of money. You can withdraw any amount from this fund per your preference.
The loan duration can range from 6 months to 2 years. We also offer renewals for select clients.
4. Invoice Factoring
This is a non-loan form of business funding in Yukon where we purchase unpaid invoices at a discounted rate and pay approximately 70-90% of the upcoming invoice’s value. We offer cash up to $100,000 per common ownership.
Invoice Factoring is valid for a 1-3 month period.
Industries Eligible for Small Business Loans in Texas
Industries Eligible for Small Business Loans in Yukon
- Accounting Firms
- Attorneys
- Auto Dealers
- Auto Repair Shops
- Beauty Salons
- Cleaning Businesses
- Construction Companies
- Convenience Stores
- Daycares
- Dental Practices
- Dry Cleaners
- Gas Stations
- Home Healthcare Associations
- Manufacturers
- Medical Practitioners
- Pharmacies
- Pool Construction Companies
- Restaurants
- Retail Stores
- Security Services
- Staffing Services
- Veterinarians
Types of Businesses We Serve
- Women Owned: We offer hassle-free, quick, and equal opportunity services to women-led small businesses.
- Minority Owned: Any business where one or more minority citizens own, operate, or control 51% of the stakes is eligible for a business loan in Whitehorse and other regions of Yukon.
- Veteran Owned: Veterans can benefit from the simplified, quick, and flexible loan approval process to secure working capital at the most opportune moments.
- Low Credit: We carefully evaluate SMBs with bad credit history operating in high-risk industries for working capital loans.
Minimum Requirements for Business Financing in Yukon
| Minimum Revenue | $10,000 / month |
| Length in Business | 5 months or more |
| Ownership % | Minimum of 51% Ownership |
| Personal Credit | US FICO 500+ |
How to Get a Business Loan in Yukon
- 1
Apply
You can either apply through the form here. Alternatively, you can write an email to [email protected]. Include the legally registered name of the business in the subject line. Attach a signed application and bank statements for three months. We recommend sending MTD bank statements for quicker and hassle-free approvals.
- 2
Select Your Funding
Our dedicated Funding Advisor will contact you within one hour of receiving your submission to discuss the loan type, terms, and amount.
- 3
Receive Your Funding
You will receive a confirmation email from [email protected] comprising the details of the offer. Carefully review the offer to ensure it meets your preferences. You may choose to revise the offer or contact [email protected] for additional help. We typically process loans within one day of receiving your submission.
- 4
Establish Repayment
After receiving the loan fund, establish your repayment schedule. The interest will be auto debited from your chosen debit or credit card at regular intervals till the time the credited amount is repaid.
Benefits of Business Funding in Yukon with Greenbox Capital
We are dedicated to providing seamless working capital loans to our clients. At Greenbox Capital, you get:
- Fast and Flexible Service: Our loans are processed within 24 hours of submitting the application.
- Customer-centric Terms: We focus on delivering value-driven service, sound advice, and industry-best interests to our clients.
- Diverse Loan Options: Choose from a wide range of small business financing options that meet your monetary requirements without incurring hidden or additional costs.
How Our Solutions Help Yukon Businesses Succeed
| Company Type | Loan Type | Funded | Loan Terms | Loan Benefits |
|---|---|---|---|---|
| Beauty Salon, Whitehorse | Merchant Cash Advance | $75,000 | 18 months | Hired new manicurists and hairstylists |
| Gym, Dawson City | Equipment Financing | $25,000 | 6 months | Purchased new luxury hock lofts and rowing machines |
| Restaurant, Watson Lake | Collateral | $250,000 | 5 Years | Opened a new outlet in a nearby location to supplement its franchise chain |
| Law Firm, Haines Junction | Business Line of Credit | $80,000 | 2 Years | Paid the salaries of new employees during a lean business period |
FAQ about Yukon Business Financing
How fast can I get a business loan in Yukon?
That depends on the loan provider. We offer expedited processing and can credit the loan amount to your account in less than a day.
Can I get a loan for business in Whitehorse?
Yes, you can choose any of our dedicated alternative financing services in Whitehorse by submitting an application alongside MTD bank statements.
Can I get a bad credit business loan in Yukon?
Yes. We process bad credit business loans for SMBs. Approval is subject to terms and conditions.
How do I request a business loan in Whitehorse?
Fill out the application form. Our experienced Funding Advisor will contact you for expediting the approval process and ensure it is credited to your account at the earliest.
Where to Get Business Funding in Yukon
- Whitehorse
- Dawson City
- Watson Lake
- Haines Junction
- Carmacks
- Ibex Valley
- Mayo
- Faro
