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Thirteen in the Smarter Loans network, the same thirteen that serve the rest of Alberta on the business loans in Alberta page, from $2,500 to $50 million. Every one decides on your business bank statements rather than on a visit, so an Edmonton business is assessed the same way as one in Calgary or Red Deer. All thirteen pay out within two days of approving you and ten within 24 hours; twelve consider owners with poor credit; the two hard gates are three to twelve months in business and $5,000 to $20,000 a month in revenue, depending on the lender.
Two ways. Term loans and lines of credit are priced as an APR, from 7% at the lowest published rate among the lenders listed, on a declining balance, so paying early saves interest. Advances repaid from your sales are priced as a factor, from 1.1 to 1.5, a multiplier on the amount: $50,000 at 1.3 repays $65,000 whether it takes four months or twelve, and paying early saves nothing. Some lenders listed offer both. Compare inside the pricing type, never across it; the business loans in Canada page works through what each costs on the same amount. An advance is a purchase of receivables rather than a loan at interest, which puts it outside both the 35% federal cap and Alberta's high-cost credit regulation; a term loan or line above 32% APR falls inside it and the lender must hold an Alberta licence.
Six months of business bank statements, because the lenders listed decide on them rather than on a visit. Three to twelve months in business and $5,000 to $20,000 a month in revenue, depending on the lender. A reason: a quote for equipment, a contract to fund, a gap with a date. For an advance, your card processing statements. Personal credit is checked because nearly every product carries a personal guarantee, and it sets the tier rather than the decision. For a truck, a trailer or any machine that holds its value, the equipment financing and commercial truck financing pages list the lenders that finance the asset itself over its working life, at lower rates than unsecured business borrowing.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans. Last reviewed 22 September 2026. Lender figures are the lenders' published terms as checked August 2026.
Thirteen in the Smarter Loans network, the same thirteen that serve all of Alberta, from $2,500 to $50 million. All thirteen pay out within two days of approval and ten within 24 hours; twelve consider owners with poor credit.
Term loans and lines are priced as APR from 7% at the lowest published rate; advances repaid from sales are priced as a factor from 1.1 to 1.5, a multiplier on the amount. Compare within the pricing type, not across it.
Three to twelve months in business and $5,000 to $20,000 a month in revenue depending on the lender, six months of bank statements, and a reason for the borrowing. Every lender listed decides on statements, not on a visit.
Twelve of the thirteen lenders listed consider owners with poor credit, because most decide on business deposits and the personal guarantee sets the tier rather than the decision.
Usually not. Equipment financing and commercial truck financing lend against the asset itself over its working life at lower rates than unsecured business borrowing, and seven equipment lenders and five truck lenders in the network serve Alberta.
