Business Loans in Alberta
Get the capital you need to grow your business with Greenbox Capital. Our Alberta business loans cater to a wide range of requirements, and funds can be credited to your account in one business day. Apply online now!
If you’re an entrepreneur in Western Canada, you’ll know how hard it is to get business loans in Alberta. Every year, thousands of small- and medium-sized businesses approach banks, only to face rejection. Even approved businesses must tackle mountains of paperwork and deal with long processing times before they see any money.
At Greenbox Capital, we realize this isn’t ideal, so we’ve made it our mission to offer alternative financing solutions that suit various needs and are easy to get. Learn how to get a business loan in Alberta approved in just a few hours below.
How We Finance Business Loans in Alberta
Alberta’s economy has been on the rise for over a decade, largely thanks to the efforts of local entrepreneurs. Greenbox Capital is proud to support this growth by ensuring crucial businesses can access capital when they need it most.
Our Alberta small business loans can be broken down into these categories.
Small Business Loans
Small businesses form the backbone of Alberta’s economy. However, conventional banks are often known to reject short-term and small loans. We offer financing options that cater to all Canadian small businesses looking to expand operations, and enhance bottom lines.
Merchant Cash Advance
An MCA offers capital in exchange for a percentage of future sales. A merchant cash advance in Alberta is a promising solution for businesses looking to escape long application processes and strict repayment schedules.
Business Line of Credit
A line of credit offers small businesses funding without the obligations of a fixed-term loan. It ensures businesses only pay a fee on a portion of the money they take and that there are no limits on how much can be accessed. These loans could be used to buy inventory, open a new branch, upgrade technology, or for any other requirement.
Bad Credit Business Loans
It’s not uncommon for small businesses to struggle with low credit scores — especially since many haven’t had the opportunity to build up a strong credit history yet. While banks tend to reject requests from such businesses, our financing options have more flexible approval requirements. We approve low-credit loans in as little as a day.
Equipment Financing
A business equipment loan in Alberta is emerging as a promising solution for small companies to purchase essential equipment without the burden of making a substantial upfront payment.
Who Benefits From Our Small Business Loans in Alberta?
Greenbox Capital’s clientele spans various industries across Canada. Here are some examples of small businesses that benefit from our alternate funding services.
- Accounting Firms
- Attorneys
- Auto Dealers
- Auto Repair Shops
- Beauty Salons
- Cleaning Companies
- Construction Companies
- Convenience Stores
- Daycares
- Dental Practices
- Dry Cleaners
- Gas Stations
- Home Health
- Manufacturing
- Medical Practices
- Pharmacies
- Pool Construction
- Restaurants
- Retail Stores
- Security Services
- Staffing Services
- Veterinarians
Business Loans in Alberta for All Types of Businesses
Getting a business loan in Calgary, Edmonton, or any other city in Alberta is tough. At Greenbox Capital, we’re proud to have a rich legacy of helping all kinds of businesses succeed, including:
- Minority-Owned Businesses: Many minority-owned businesses face trouble getting loans from traditional lenders — and find themselves straddled with high interest rates, and unfavorable terms. We offer minorities the support that they so sorely need to succeed.
- Women-Owned Businesses: Studies have found that women-owned businesses in Canada show higher levels of innovation and focus more on environmental sustainability. We believe our loans don’t just encourage more women to turn entrepreneurs; they help the country take a more progressive path.
- Veteran-Owned Businesses: There are several funding programs for veterans in Canada, but the application process is often time-consuming and tricky to navigate. Greenbox Capital, on the other hand, prides itself on its rapid turnaround times and streamlined application process.
- Brokers: Greenbox Capital’s dedicated ISO relationship managers connect brokers and underwriters, helping them find better deals. We partner with independent brokers, brokerage firms, and brokers at other funding companies.
How to Apply for Business Loans in Alberta
Whether you’re looking for small business equipment financing with bad credit in Regina or small business loans in Saskatoon, Greenbox Capital has a solution for you. Here’s a step-by-step guide to accessing our funding.
- 1
Submit an Application
You need to first submit three month’s bank statements and certain supporting documents. Businesses that use a service like Plaid to share transactional data directly from their bank account expedite the process even further.
- 2
Choose Funding Type
An hour after submitting your application, our financial advisor will call you to discuss your funding options. This personal advisor will help you complete the application process and finalize which loan type best suits your requirements.
- 3
Receive Your Funds
You will receive the requested funds once your application is finalized and approved. In most cases, the amount is credited within 24 hours.
- 4
Set Up a Repayment Schedule
Funds will be periodically deducted, depending on the specific terms of your loan. Greenbox Capital loans offer a lot of flexibility, and the repayment schedule can be adjusted at your convenience.
Benefits of Business Funding with Greenbox Capital in Alberta
Greenbox Capital’s business loans offer several benefits to businesses across Canada’s provinces. Here are some advantages of working with us:
- Diverse Funding Options: From merchant cash advances and credit lines to equipment loans for bad credit in Alberta, our funding options cater to diverse requirements, helping businesses across industries succeed.
- Quick Turnaround: While traditional institutions take weeks or even months to approve loan applications, Greenbox Capital issues approvals in 2-5 hours and credits funds in as little as one business day.
- Personalized Assistance: All loan requests are handled by a funding advisor who offers solutions tailored to your individual needs and helps craft flexible repayment schedules with minimal interest rates.
- Fewer requirements: Our loans are ideal for all types of businesses, including high-risk industries and companies with less-than-ideal credit scores.
Besides these benefits, we always operate with integrity, value communication, and remain committed to ensuring our clients are able to achieve their goals.
Case Studies: Successful Business Loans in Alberta
Still wondering if you should trust Greenbox Capital with your funding requirements? Consider these case studies from some of our highly-valued clients.
| Company Type | Loan Type | Funded | Loan Terms | Loan Benefits |
|---|---|---|---|---|
| Restaurant business, Calgary | Business Line of Credit | $44,500 | 11 months | The restaurant used the funds to renovate its Calgary branch, increasing its capacity and attracting new clientele. |
| Medical Clinic, Edmonton | Equipment Financing | $183,000 | 12 months | The clinic was able to upgrade its MRI machine, which in turn improved its diagnostics capabilities and reduced wait times. |
| Metal Fabricator, Red Deer | Merchant Cash Advance | $76,500 | 16 months | Quick access to funding allowed the workshop to upgrade its facility and hire more staff, increasing the number of projects it could take on. |
| Pharmacy, Lethbridge | Business Line of Credit | $62,000 | 12 months | The flexible funding was used to improve inventory and fulfill pressing payroll requirements. |
FAQs about Alberta Business Loans
How to get a small business loan in Alberta?
To start the loan process in Alberta, submit an application to Greenbox Capital along with a three-month bank statement and relevant documents. You’ll receive a call from a financial advisor within the hour and — in most cases — receive funds within 24 hours.
Can I get a loan for a business in Alberta?
Yes. We offer our services to businesses across Alberta, as well. In fact, our presence extends across all ten provinces and three territories of Canada.
Can I get a bad credit business loan in Alberta?
Yes. Businesses with low or bad credit are applicable for a diverse range of loans. Moreover, we have streamlined the application process for such businesses, ensuring faster turnaround times and flexible approval requirements.
Where can I get a loan to start a small business in Edmonton?
Several options for small business loans in Edmonton can be found on the Greenbox Capital website. Simply fill out our online form and wait for an advisor to get in touch.
How fast can I get a business loan in Calgary?
We pride ourselves on our quick turnaround times. Small business loans in Calgary can be approved in as little as 2-5 hours, with capital available in one business day.
Where To Get Small Business Loans In Alberta
- Calgary
- Edmonton
- Lethbridge
- Grande Prairie
- Red Deer
- Spruce Grove
- Airdrie
- Fort Saskatchewan
- Brooks
- Medicine Hat
- Canmore
- Leduc
- Strathmore
- Fort McMurray
- Beaumont
- St. Albert
- High River
- Okotoks
- High Prairie
- Pincher Creek
- Big Valley
- Drumheller
- Hinton
- Magrath
- Lloydminster
- Banff
- Camrose
- Wetaskiwin
- Cochrane
- Sylvan Lake
- Stony Plain
- Lacombe
- Chestermere
- Whitecourt
- Cold Lake
- Morinville
- Blackfalds
- Vegreville
- Bassano
- Rocky Mountain House
- Cold Lake South
- Manning
- Hanna
- Raymond
- Claresholm
- Nanton
- Bonnyville
- Taber
- Valleyview
- Swan Hills
- Penhold
