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Business Loans Calgary

  • chAccess to over 50 lenders in one place
  • chTransparency in rates & terms
up Last updated

September 03, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Find the right business loan in Calgary – from secured term loans and equipment financing to lines of credit and merchant advances. Use the built-in calculator to estimate payments, compare typical rates and terms, and learn what local lenders look for so your small business loan in Calgary application is stronger.

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AMOUNT
$5K - $500k
INTEREST RATE
Varies
TERMS
5 -9 Months
AMOUNT
$10K - $1.5M
INTEREST RATE
From 7.99%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
Varies
TERMS
4 - 12 Months
AMOUNT
$10,000 - $300K
INTEREST RATE
From 8.39%
TERMS
3 - 24 Months
AMOUNT
$5K - $300K
INTEREST RATE
From 7.99%
TERMS
Fixed, 4 - 18 Months
AMOUNT
$5K - $800K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$15K - $1M
INTEREST RATE
From 8%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 9.99%
TERMS
2 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$5,000 - $5 Million
INTEREST RATE
Varies
TERMS
12 months
AMOUNT
$5K - $50M
INTEREST RATE
From 7%
TERMS
5 - 96 Months
AMOUNT
$2.5K - $1M
INTEREST RATE
From 7.5%
TERMS
3 - 72 Months
AMOUNT
$5K - $2M
INTEREST RATE
From 7.99%
TERMS
2 - 36 Months
AMOUNT
$5K - $300K
INTEREST RATE
From 7.99%
TERMS
3 - 12 Months
AMOUNT
$250 - $1M
INTEREST RATE
From 10%
TERMS
3 - 60 Months

Business Loans in Calgary — Compare Rates, Terms, and Payments

Explore small business financing options across Calgary and estimate your payments with the calculator below. Compare typical rate ranges by product type, learn what lenders look for, and get answers to common questions so you can apply with confidence.

Calgary Business Loan Calculator

Estimate monthly, biweekly, or weekly payments. Defaults for Alberta use 5% GST when you choose to finance tax on equipment purchases.

Alberta GST is 5%. Set to 5% if financing tax on equipment purchases.
Estimated payment
$0.00
per month
Total loan amount (incl. tax & fees)
$0.00
Total interest over term
$0.00
Total paid (principal + interest)
$0.00
Estimates are educational only and not an offer of credit. Terms vary by lender, product, and applicant profile.

Typical Rate Ranges for Calgary Business Financing

Illustrative ranges only. Compare personalized quotes from multiple lenders.

Product Common APR or Cost Typical Term Notes
Term Loan (secured) 7% – 12% 1–5 years Best rates with collateral and strong financials
Term Loan (unsecured) 10% – 24% 1–3 years Faster approvals, higher rates
Equipment Financing 6% – 14% 2–7 years Asset-backed; GST may be financed
Business Line of Credit 9% – 18% (variable) Revolving Pay interest on amounts used
Invoice Financing 1% – 3% per 30 days Up to 90 days Based on receivables quality
Merchant Cash Advance Factor 1.20 – 1.50 3–18 months High cost; tied to card sales

Example average costs by product (visual guide)

Secured Term Loan
~9.5%
Unsecured Term Loan
~16%
Equipment Financing
~11%
Line of Credit (variable)
~14%
Merchant Cash Advance
High
For illustration only. Actual pricing depends on credit, cash flow, collateral, and lender policies.

How Calgary Business Loans Work

Lenders evaluate time in business, revenue trends, profitability, debt obligations, industry risk, and personal credit. Secured loans use collateral to lower risk and cost; unsecured options trade convenience for higher rates. Alberta has a 5% GST and no provincial sales tax. If you finance equipment, you may choose to include GST in the financed amount.

What lenders look for

  • Personal and business credit history, with on-time payments.
  • Financial statements and bank statements showing cash flow coverage.
  • Time in business, annual revenue, and profitability trajectory.
  • Collateral value for secured options (equipment, vehicles, real assets).
  • Clear use of funds and realistic plan for repayment.

Documents to have ready

  • Government ID and proof of Calgary or Alberta address.
  • Recent business bank statements and financials (P&L, balance sheet, cash flow).
  • Business number and incorporation documents if incorporated.
  • Voided cheque for automatic payments and account verification.

Tips to lower your cost

  • Compare quotes and ask about secured options when possible.
  • Pay down revolving debt to improve utilization before applying.
  • Choose the shortest term your cash flow can comfortably support.
  • Avoid stacking multiple advances that compound costs.

Calgary Business Loans — FAQ

What credit score do I need for a business loan in Calgary?

Requirements vary. Stronger credit and cash flow unlock better rates and longer terms. There are options for rebuilding credit with additional documentation or collateral.

Can startups qualify for funding?

Yes, but options are more limited. Lenders may look for personal credit strength, collateral, a detailed plan, and initial revenue or contracts.

How fast can I get funds?

Some online lenders provide decisions within hours and funding in one to three business days. Bank or secured options can take longer due to underwriting and appraisal.

What’s the difference between a term loan and a line of credit?

A term loan provides a lump sum with fixed payments. A line of credit lets you draw as needed and pay interest only on what you use, with a variable rate.

Do I need a personal guarantee?

Often yes, especially for small businesses. Secured loans may use business collateral and still require a guarantee depending on risk.

Can I repay early without penalties?

Policies differ. Ask about prepayment rights and whether interest is simple, amortized, or based on a fixed factor cost.

How does GST affect financing in Alberta?

Alberta’s GST is 5%. For equipment purchases you may choose to finance the GST in your loan; set the calculator’s tax field accordingly.

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writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
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Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
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I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
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Good place for borrowing a bit of money 😁
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Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
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16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
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