Business Loans in British Columbia

Our suite of small business loan services has provided the launchpad for hundreds of new ventures in British Columbia. Some of the small business financing alternatives commonly used by entrepreneurs include:

• Small Business Loans: Lines of credit or term loans with fixed or variable interest rates that can be used by businesses to support growth, expansion priorities or day-to-day business operations such as the purchase of inventory or payment of creditors. At Greenbox Capital, small business loans also encompass equipment financing wherein small businesses can apply the funds to procure equipment and machinery required for business expansion or the refurbishment of existing equipment. Our Funding Advisor team can help you find the best equipment loans that suit your business.
• Merchant Cash Advances: In BC, MCAs are a commonly used type of small business financing option. In an MCA, a certain sum of cash is advanced to the business and repayment is done through a fixed percentage of daily, weekly or monthly credit card transactions up to a pre-defined interest rate.
• Collateral Loans: With small businesses, there is often the possibility that there will be land, buildings, equipment or other assets (such as company cars) registered under the business. Businesses that can pledge assets as collateral may receive term loans or revolving loans with a lower rate of interest.
• Business Line of Credit: The business line of credit is a revolving credit option that allows the small business to withdraw up to a certain limit. Interest is only charged on the amount withdrawn. The business can then repay and draw down as much as needed in each week or month, enabling greater flexibility.
• Invoice Factoring: Invoice factoring involves selling outstanding invoices to a third party (i.e., the factoring company) and receiving a cash advance for a pre-defined percentage of the value of those invoices. Payments from your debtors then go directly to the factoring company.
• Bad Credit Business Loans: Also known as low credit small business funding, these loans are geared towards businesses that have a credit score lower than the requirements of lenders such as commercial banks.

Starting a business in BC can be a rewarding process. Greenbox Capital is at the forefront of enabling access to capital for business owners to launch their entrepreneurial ventures. Some of the business types that we have worked with extensively include:

• Women-owned: This segment continues to grow rapidly across Canada each year and we are strong advocates of female-owned businesses through a full suite of solutions including lines of credit, collateral loans, MCAs, and factoring.
• Minority-owned: While businesses owned by visible minorities have historically faced barriers in obtaining financing from traditional lenders, we welcome the opportunity to work with this segment of the market to evolve and accelerate innovation in Canada.
• Veteran-owned: While there are many government support and grant programs available to veterans in Canada, the application process for these typically tends to be slow. Greenbox Capital provides rapid turnarounds on approvals and funding to ensure that veteran-owned businesses can flourish and thrive on expedited timelines.
• Low credit: Businesses with a low credit score or founders that have sub-par credit can often face challenges in obtaining capital. We work with such founders to help them navigate complexities with our flexible approval requirements.
• Brokers: We partner with independent brokers and brokerage firms to connect brokers and underwriters.