Business Loans in Saskatchewan
There are well over 100,000 businesses in Saskatchewan, each of which has unique funding requirements. No one understands this more than Greenbox Capital. For years, we’ve helped businesses across Canada grow, regardless of credit history or industry. Apply for a business loan in Saskatchewan today, and get funding as fast as tomorrow!
If you’re looking for small business loans in Saskatchewan, you’re not alone. Small and mid-sized businesses are the backbone of the Canadian economy, making up over 99% of all employer businesses in Canada. But despite this, many businesses struggle when applying for conventional loans and are often left with nowhere to turn.
We welcome all businesses looking for a quick injection of capital. Our alternate financing options, such as merchant cash advances, credit lines, or collateral loans, are easy to get and are suited for a diverse set of requirements. Loan amounts range from $3,000 to $500,000 — and are disbursed in as little as 24 hours.
How We Finance Small Business Loans in Saskatchewan
Greenbox Capital understands that applying for a business loan in Saskatchewan can be a challenge. So, we have significantly eased the process, enabling hundreds of companies to benefit from our financing options. Here’s a look at what types of financing are available to small businesses.
Small Business Loans
Businesses looking to open a new branch, purchase supplies, or in need of cash flow can benefit from our Saskatchewan small business loans. Our lines of credit, or term loans, come with competitive interest rates and are suited for a wide range of priorities.
Merchant Cash Advance
An MCA loan allows businesses to receive cash upfront in exchange for a percentage of future credit card sales. Getting a merchant cash advance in Saskatchewan is faster and offers more flexibility when compared to other business loans.
Collateral Loans
Businesses that are willing to put up land, equipment, or other assets as collateral can benefit from this low-cost option. The terms of the loan depend on the collateral offered, as well as factors like cash flow, and the business owner’s credit and repayment history.
Business Line of Credit
A line of credit gives businesses the flexibility to access working capital only as and when they need it. Businesses only pay a fee on a portion of the money they take, and there are no restrictions on how much can be accessed, provided the amount stays under the credit limit.
Invoice Factoring
Businesses seeking fast funding can also sell unpaid invoices to us at a discounted price and receive a cash advance for a percentage of their value — typically between 70-90%. This non-loan form of funding is available to businesses with various needs, including those that need to fill cash flow gaps or those with low credit scores and no collateral.
Bad Credit Business Loans
These financing options offer those with poor personal or business credit scores an alternative to conventional lenders. Also known as low-credit small business funding, these loans have flexible approval requirements, simpler application processes, and faster turnaround times.
Equipment Financing
Our company offers one of the best equipment loans in Saskatchewan, giving businesses the opportunity to procure equipment and machinery without the burden of making a substantial upfront payment.
Who Can Apply for a Small Business Loan in Saskatchewan?
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
We Offer All Business Type Commercial Loans in Saskatchewan
Over the years, Greenbox Capital has helped hundreds of small businesses across BC, Saskatchewan, and every other province in Canada kickstart operations. We’re proud to have worked extensively with various types of businesses, including:
- Women-Owned Businesses: Statistically, women are far less likely to seek and receive funding. Our full suite of offerings focuses on turning this statistic around and encouraging more women to enter the world of entrepreneurship.
- Minority-Owned Businesses: Many minorities struggle to get funding from traditional lenders — and are often given higher interest rates and shorter terms. We help them receive funding with a significantly easier application process.
- Veteran-Owned Businesses: Several government programs offer support to veterans needing small business loans. However, the application process for these programs is often very time-consuming. We take pride in our rapid processing and turnaround times.
- Brokers: Greenbox Capital’s dedicated ISO relationship managers offer services that connect brokers and underwriters, helping them find better deals.
- Low Credit Businesses: Regardless of whether your credit is low because of your personal financial history, or if your business is too new to accrue good credit, we provide various funding options that reach you in as little as one business day.
How to Get a Business Loan in Saskatchewan
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
Assess Your Requirements
Are you looking for funding to expand your offerings, manage gaps in cash flow, purchase new equipment, or otherwise? It’s crucial to identify your requirements at an early stage so you know exactly what to look out for.
- 2
Assess Your Options
Before committing to one, explore Greenbox Capital’s funding options in detail. Assess the pros and cons of each offering, and identify which best suits all the requirements you identified in the previous step.
- 3
Submit Your Application
Applications should be accompanied by three month’s bank statements, as well as any other relevant documents. Using a service like Plaid to share transactional data directly from your bank account with us can expedite the process.
- 4
Select Your Funding
Soon after your application is submitted, a funding advisor will reach out to discuss your options and reiterate the various funding options at your disposal. During regular business hours, expect this call within 1 hour.
- 5
Receive Your Funding
In many cases, approvals and deposits take as little as 24 hours to be processed and reach your bank account. Once the money is received, you can set up a repayment schedule as per your convenience and the terms of the loan.
Benefits of Business Funding with Greenbox Capital in Saskatchewan
Why do so many firms trust Greenbox Capital for business finance in Saskatchewan? Consider some of the advantages you get when working with us.
- Fast turnaround times: Our streamlined application process ensures approvals can be given as soon as within 2-5 hours, and funds reach the following day.
- Diverse options: Our loans serve a wide range of industries and business types. No matter how unique your needs are, we have an option for you.
- Flexible repayments: We offer discounts for early payoffs and the option of weekly payouts, offering clients much-needed flexibility in repayment schedules.
- Dedicated support: All our clients are assigned a funding advisor who will help them understand funding options and repayment schedules.
Beyond that, our loans benefit businesses across a wide range of industries, including those classified as high-risk and those who struggle with conventional financing options.
Case Studies: Successful Small Business Loans in Saskatchewan
Our satisfied clients span various industries across Saskatchewan, as well as other provinces of Canada.
| Company Type | Loan Type | Funded | Loan Terms | Loan Benefits |
|---|---|---|---|---|
| Restaurant business, Regina | Merchant Cash Advance | $44,000 | 12 months | Opened a new branch to increase market presence and customer base. |
| Veterinarian, Regina | Business Line of Credit | $12,500 | 8.5 months | Improved facilities to offer more amenities to pets and pet parents. |
| Manufacturing business, Saskatoon | Collateral Loan | $29,600 | 13 months | Urgent cash infusion to make up for repairs and unexpected downtime. |
| Auto repair shop, Saskatoon | Equipment Financing | $90,000 | 12 months | Invested in new tools and parts to improve quality of services, and bring in new customers. |
Frequently Asked Questions about Saskatchewan Business Loans
Can I get a loan for a business in Saskatchewan?
Yes. Our funding options are available to small and medium-sized businesses across Saskatchewan, including Regina, and Saskatoon. Options range from a collateral loan to a merchant cash advance, an equipment finance loan in Saskatchewan, and more.
How can I get a small business loan in Regina?
For business loans in Regina, submit an application online. Once that’s done, our funding advisor will get back to you with the best option for your business.
Can I get a bad credit business loan in Saskatchewan?
Yes. We fund businesses with low credits in as little as one day. It doesn’t matter if you’re looking for business equipment financing with bad credit in Saskatchewan, or a merchant cash advance with poor credit, we have a solution for you.
Where can I get a loan to start a small business in Saskatchewan?
Any entrepreneur struggling with long processing times and strict terms of conventional loans can benefit from Greenbox Capital’s services. Submit an application with us today, and our advisor will reach out to you with start-up financing options.
How fast can I get a business loan in Saskatoon?
Greenbox Capital’s quick approval times, dedicated support, and streamlined application process ensure that business loans in Saskatoon can be approved and disbursed as quickly as one business day.
Where To Get Small Business Loans In Saskatchewan
- Regina
- Saskatoon
- Estevan
- Melville
- Moose Jaw
- North Battleford
- Flin Flon
- Humboldt
- Lloydminster
- Prince Albert
- Swift Current
- Warman
- Martensville
- Meadow Lake
- Melfort
- Weyburn
- Yorkton
