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Best Small Business Loans in Edmonton for 2025

  • chBusiness Loans from $5,000 up to $1.5 Million
  • chRates from 7% APR
  • chGet offers from Top Business Lenders in Canada
up Last updated

June 09, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Compare Lenders

AMOUNT
$5K - $500k
INTEREST RATE
Varies
TERMS
6 -12 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
$500 - $300K
INTEREST RATE
From 8.39%
TERMS
2 - 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
$3K - $5M
INTEREST RATE
From 13.99%
TERMS
1 - 60 Months
AMOUNT
$250 - $1M
INTEREST RATE
From 10%
TERMS
3 - 60 Months

More About Getting a Small Business Loan in Edmonton


How to get a small business loan in Edmonton


The first step in any financing journey is to pick the right type of loan. There are many kinds of commercial loans in Edmonton, including:

 

The financing’s purpose, the amount needed, the flexibility needed, and your business’s financial position will all influence which type of business financing in Edmonton is best for you. Next, you need to select a lender. Depending on your business’s financial profile, you may have a lot or limited choice here, but it’s crucial you find a lender who can provide the loan you need, and who is likely to approve your business for a loan. Finally, you can apply for a business loan in Edmonton with your chosen lender, by completing their application process.

How much can I get with a business loan in Edmonton?


The amount your business can borrow via business finance in Edmonton depends on three things: the lender you apply to, the loan you apply for, and your business’s financial profile. Anything from $500 to $1 million is technically available, but to secure a large loan you need to select the right type of loan from an appropriate lender, and have an attractive borrower profile (good credit, high income, few debts), and/or collateral for the loan. You are unlikely to secure business loan approval in Edmonton if you apply for more than your business can realistically afford to repay.

Where is the best place to get a small business loan in Edmonton?


There are many small business lenders in Edmonton, including high street banks, credit unions, online lenders, alternative lenders and private lenders. Choosing the best place to get commercial financing in Edmonton is therefore a matter of priorities; different lenders have different terms, benefits and processes, and what your business cares about most will influence which lenders are best positioned to help you. 

 

For example, banks and credit unions are known for having some of the most competitive business loan rates in Edmonton, but their processes are slow and their eligibility requirements strict. Online loans, on the other hand, may charge a little more in interest, but offer faster and easier access. Understanding what your business needs and why will allow you to select small business loans in Edmonton that are appropriate, affordable and accessible. 

How to compare and find the best small business loan rates in Edmonton


Private business loans in Edmonton are required by law to state their cost via an APR (annual percentage rate). This provides a standardized, reliable way to assess the true cost of a loan over the course of a year, and means you can compare different loans’ costs with ease. As interest rates for business loans in Edmonton can run from 6% to over 50%, being able to make appropriate comparisons is crucial. Bear in mind though that different types of loans have different average rates; for example, fast business loans in Edmonton have higher rates than harder-to-get, secured loans.

How to apply for a business loan in Edmonton


As the requirements to get a business loan in Edmonton vary from lender to lender, and across loan types, the ease of applying for a loan can also vary. Small or unsecured loans require less paperwork and are easier to access than large or secured loans. In all cases, you will need to provide basic information about your business and some financial information; but for large or secured loans, or with traditional lenders, you will also need to provide detailed supporting documentation, such as bank statements, cash flow statements, tax records, and a business plan.

av
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
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
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
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
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. :)
Tara H.
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.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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