Small Business Loans Alberta

A Canadian small business loan option for entrepreneurs in Alberta

Did you know that, according to Statistics Canada, Alberta has a larger per capita GDP than any other province in Canada? Small businesses play a large role in boosting the province’s economy. In addition to providing jobs in communities, hometowns, and cities across the province, small businesses inject a substantial amount of funds into our strong economy.

A small business loan is often necessary for any Canadian business owner to keep up with the market and reach new heights. At Thinking Capital, we’ll help you grow your business by providing you with working capital to improve your cash flow, expand your operations, and increase your revenue. When you apply online for a loan at Thinking Capital, we can help you evaluate your business plan so that you can quickly get qualified and approved for a small business loan.

Not from Alberta? We also work with small business owners in Quebec, OntarioB.C., and other parts of the country. Whether you're from Montreal, Toronto, Halifax, or other areas in Canada, you could still qualify for a small business loan from Thinking Capital.

What Do I Need to Apply for a Small Business Loan in Alberta?

As a small business owner, qualifying for any type of loan with a financial institution requires a solid business plan and good credit history. At Thinking Capital, we’ll want to get a clear description of your company, what your future plans are, and how you plan to make repayments. 


Providing a Business Plan

A strong business plan outlines company objectives, offers viable projections, and gives details on how borrowed funds will be allocated. By presenting clear and attainable goals, lenders will have a clear idea of how you’ll use borrowed funds and how you’ll make repayments on those funds.

A formal business plan is not mandatory to apply for a small business loan at Thinking Capital, but it will help support the application and qualification process. The main pieces of information that we look for include your business’s cash flow and your daily business transactions. This information helps us evaluate your business’s financial health.


Adequate Cash Flow Projections

Healthy cash flow operations show the financial condition of your business. Financial institutions gain an understanding of how much cash you have available to make repayments by measuring your cash expenditures against your income.


Evaluating Your Personal and Business Credit Score

A high personal credit score is often a requirement when borrowing from a bank, but low credit doesn’t automatically disqualify you from obtaining a small business loan. Being honest about your credit history will help lenders evaluate your character and give you options on the type of loan best suited for your business.


Listing Capital Business Assets

Outlining your capital business assets can help financial institutions evaluate collateral, and make it easier to qualify for a personal loan. Canadian businesses that don’t have adequate collateral can still apply for a small business loan from Thinking Capital.

How Do I Get a Small Business Loan with Thinking Capital?

When you’re ready to apply for a small business loan, Thinking Capital can help you through the process. We have a simple 3-step process for applying for a business loan, getting qualified and approved, and receiving your funds. If you are qualified and approved for a business loan, you could receive your funds in as little as 24 hours. Here’s more information about our process:

Step 1: Tell Us About You and Your Business

The process begins by filling out our online application. This application takes about five to 10 minutes to complete. Enter some details about you and your business, including your monthly revenue and how long your business has been in operation for. These details allow our expert advisors to evaluate your business and find a financing option that works best for you.


Step 2: Get Qualified and Approved 

After you complete the application, one of our advisors will contact you within the same business day. They will review the information you provided and gather more details about your business to help you get qualified and approved for a loan.

Financial statements that show your business cash flow and daily transactions will help demonstrate your business’s financial health. By analyzing these statements, our advisors can gain a better understanding of how much money you have available to make repayments on a business loan.


Step 3: Receive your Funds

Once you’ve been qualified and approved for a small business loan, your funds will be deposited directly into your business bank account. You could expect to receive your funds in as little as 24 hours. 

With these funds, you can make the purchases, investments, or fixes you need to expand your business. Renovations, inventory purchases, and equipment investments are some common areas business owners like you use their funds for.


What Government Programs Are Available in Alberta?

Along with small business loans from lenders like Thinking Capital, there are government programs available in Alberta that can help you grow your business. Pairing a small business loan with government programs can be a great way to scale your business. These government programs can provide training, coaching, and tax credits to help you gain business expertise and improve your cash flow. They include:

  • Alberta Investor Tax Credit – A tax credit program that encourages investors to provide financing for non-traditional sectors with strong job-creation potential, including, video post-production, digital animation, and tourism

  • Canada-Alberta Job Grant – A funding opportunity where employers can apply to help their employees improve their skillsets through courses and other training programs

With other government programs available, you can help your business thrive from the beginning. Pairing tax credits and training resources with a small business loan will help your company succeed even more.


Small Business Loans in Alberta with Thinking Capital

By having all of your documents organized before applying for a small business loan, you can help expedite the process and put your company in a better position to qualify. A strong business plan, a solid credit history, and healthy revenue projections can quickly get you approved for a Thinking Capital loan.

Fill out our application today, so we can get started on growing your business.