📅 Last Updated: December 10, 2021
✏️ Written By Kale Havervold
🕵️ Fact-Checked by Caitlin Wood Business Loans Alberta - Compare Providers Select Category
Personal Commercial Auto Title Mortgage Debt Relief Provider Loan Amount Rate Term (Months) Rating 0 0 Up to $50,000 Prime – 46.96% 3 - 120 Up to $50,000 23 1700524800 $5,000 - $25,000 24.99% - 29.99% 30 or 60 $5,000 - $25,000 15 1695254400 $1250 16.06% (nominal) - 31.99% (effective) 3 - 5 $1250 11 1692748800 Up to $200 0% Up to 61 days Up to $200 8 1688083200 $150 - $1,600 10 - 35% 3 - 6 $150 - $1,600 100 1686182400 $300 - $3,000 18% + fees 6 $300 - $3,000 100 1686182400 $300 - $3,000 18% + fees 6 $300 - $3,000 100 1686182400 $300 - $3,000 18% + fees 6 $300 - $3,000 6 1683676800 $15,000 5.95% Up to 60 months $15,000 5 1670889600 $1,000 - $10,000 19.9% - 46.9% - $1,000 - $10,000 7 1666051200 $20 - $100 0% - $20 - $100 100 1643932800 $500 - $15,000 +18.9% APR 6 - 60 $500 - $15,000 13 1639094400 $1,000 - $15,000 29.9% - 46.9% APR 12 - 60 $1,000 - $15,000 12 1637280000 $5,000 - $50,000 5.75% - 22.99% Up to 84 $5,000 - $50,000 100 1623369600 Varies 0% 6 or 8 weeks Varies 2 1620777600 Up to $35,000 9.99% - 46.96% 6 - 60 Up to $35,000 17 1607558400 $500 - $50,000 6.99% - 46.99% 12 - 36 $500 - $50,000 100 1598918400 $1,000 - $15,000 - - $1,000 - $15,000 100 1598832000 $500 – $15,000 + 25.99% 9 - 60 $500 – $15,000 100 1595980800 $200 - $1,200 25% - 32% - $200 - $1,200 100 1593561600 - 0+ 2 - 60 - 100 1589155200 $2,500 15.65% AIR 13 - 26 $2,500 100 1582243200 - - Up to 60 - 100 1580947200 - - - - 100 1580860800 $500 - $5,000 - 12 - 24 $500 - $5,000 100 1580860800 $350 - $1,000 - 2 - 12 weeks $350 - $1,000 9 1580860800 $1,600 - $25,000 19.99% APR 36 - 60 $1,600 - $25,000 16 1580774400 $1,000 - $25,000 7.5% - 31.5% APR 36 - 60 $1,000 - $25,000 100 1579478400 $100 - $1,500 - - $100 - $1,500 100 1579478400 Up to $3,200 - - Up to $3,200 100 1579219200 $100 - $25,000 +4.9% - $100 - $25,000 100 1576713600 - Up to 35% - - 18 1576713600 $500 - $100,000 6.99% - 14.99% 12 - 240 $500 - $100,000 100 1575590400 1800- 2900 15.99% 23 - 36 1800- 2900 100 1562198400 $500 - $15,000 15.99 - 39.99% 6 - 60 $500 - $15,000 100 1560124800 Up to $15,000 29.99% - 46.96% 9 - 60 Up to $15,000 17 1545955200 Up to $20,000 18.99% - 24.99% 36 - 84 Up to $20,000 19 1552262400 $1,000 - $15,000 19.90% - 46.90% 12 - 60 $1,000 - $15,000 100 1569974400 $500 - $50,000 15 - 30% - $500 - $50,000 100 1551830400 $1,000 - $15,000 19% - 46.95% 6 - 60 $1,000 - $15,000 100 1551398400 Up to $1,500 15% - 19% 14 days Up to $1,500 100 1551398400 $100 - $1,500 15% - 17% 14 -31 days $100 - $1,500 100 1551398400 $500 - $1,000 28% - 32% - $500 - $1,000 100 1551398400 - - 14 days - 18 1546128000 Up to $5,000 19.9% - 45.9% APR 6 - 36 Up to $5,000 100 1551139200 $5,000 - $35,000 9.9%+ 6 - 60 $5,000 - $35,000 15 1551139200 Up to $15,000 19.99% APR Open-end Up to $15,000 100 1550534400 $300 - $25,000 7.95%+ 36 - 60 $300 - $25,000 100 1550534400 $100 - $1,500 - 14 days $100 - $1,500 100 1569974400 Up to $1,500 15% - 23% - Up to $1,500 100 1550534400 Up to $1,500 Up to 59% APR 14 days Up to $1,500 19 1550534400 $2,500 + - - $2,500 + 100 1550534400 $500 - $1,000 28% - 32% 3 -5 $500 - $1,000 100 1550534400 $300 - $1,000 38% APR 3 - 4 $300 - $1,000 100 1567555200 $300 - $3,000 18% + fees 6 $300 - $3,000 100 1549238400 $500 - $1,000 28% - 32% 4 - 5 $500 - $1,000 100 1549238400 $250 - $1,000 29% APR 3 - 4 $250 - $1,000 20 1548720000 $500 - $1,000,000 7.9% 12 $500 - $1,000,000 100 1548720000 Up to $5,000 - 12 - 60 Up to $5,000 100 1548720000 $1,000 - $50,000 4.6% – 49.96% 3 - 60 $1,000 - $50,000 100 1548633600 $300 - $7,500 29.9% - 39.9% 6 - 60 $300 - $7,500 100 1548633600 $50 - $1,500 - 14 days $50 - $1,500 16 1545264000 $2,000 - $10,000 18.9% - 54.9% 12 - 60 $2,000 - $10,000 100 1545264000 $500 - $10,000 12.99% – 39.99% 9 – 36 $500 - $10,000 100 1545264000 $500 – $10,000 Starting at 9.90% 12 - 36 $500 – $10,000 2 1543622400 Up to $50,000 19.99% - 39.99% 6 - 120 Up to $50,000 100 1545264000 $500 - $12,500 19.99%+ 12 - 60 $500 - $12,500 100 1545350400 Up to $1000 30% 3 - 5 Up to $1000 100 1545350400 Up to $5,000 60% 6 - 60 Up to $5,000 100 1545350400 Up to $7,000 - 6 – 60 Up to $7,000 100 1545350400 $500 - $2,500 29% - 46.95% 6 - 36 $500 - $2,500 100 1545350400 $500 - $1000+ 28%-32% 3 $500 - $1000+ 100 1545350400 $500 – $750 28% – 34.4% 3 $500 – $750 100 1545350400 $500 – $750 23% - 34.4% 3 – 12 $500 – $750 100 1545350400 $300 - $1500 27% - 35% 3 - 4 $300 - $1500 4 1545264000 $500 - $100,000 Starting at 29.99% 9 - 84 $500 - $100,000 3 1545264000 $300 – $35,000 47.72% N/A $300 – $35,000 10 1545177600 $1,000 - $35,000 5.99% - 29.19% 36 - 60 $1,000 - $35,000 18 1545177600 Up to $20,000 19.99% - 46.8% 12 - 60 Up to $20,000 100 1569974400 Up to $1,500 15% - 23% 14 days Up to $1,500
Provider Loan Amount Rate Term (Months) Rating 0 0 Up to $50,000 Prime – 46.96% 3 - 120 Up to $50,000 2 1669852800 $500 - $300,000 - 2 - 24 months $500 - $300,000 100 1648512000 $10,000 - $250,000 Varies 6-12 $10,000 - $250,000 100 1620345600 - - 12 - 60 - 100 1611878400 $5,000 - $30,000,000 - Up to 18 $5,000 - $30,000,000 17 1607558400 $500 - $50,000 6.99% - 46.99% 6 - 36 $500 - $50,000 100 1598918400 - - - - 100 1592438400 - - - - 100 1585612800 - 0.9% - 12% 6 months - 5 years - 100 1581984000 $10,000 - $10,000,000 6% - 12.5% - $10,000 - $10,000,000 100 1581033600 - - - - 100 1581033600 - - - - 100 1581033600 - - - - 100 1580947200 - - - - 100 1580947200 $10,000 - $1,000,000 - - $10,000 - $1,000,000 100 1580860800 - - - - 100 1580860800 - - - - 100 1580860800 - - - - 100 1580860800 - - - - 100 1580860800 $5,000 - $1,000,000 - - $5,000 - $1,000,000 100 1580860800 - - - - 100 1580860800 - - - - 100 1580860800 up to $250,000 - - up to $250,000 100 1580860800 - - - - 100 1580688000 Up to $10,000 - - Up to $10,000 100 1580256000 $5,000 - $500,000 - 6 - 18 months $5,000 - $500,000 100 1579478400 - - - - 100 1579478400 $10,000- $30,000,000 Min 4.95% - $10,000- $30,000,000 100 1579478400 - - 12 - 120 - 100 1579478400 - - 24 to 60 - 100 1579478400 - - - - 100 1579478400 - - - - 100 1579046400 - - - - 100 1578873600 - - - - 100 1577059200 - - - - 100 1577059200 - - - - 100 1577059200 - - - - 100 1575849600 $5,000 - $150,000 15% + 6 - 24 $5,000 - $150,000 100 1575849600 Up to $250,000 - - Up to $250,000 100 1575590400 - - - - 100 1575590400 - - - - 1 1545955200 $5,000 - $150,000 Fee-Based: Starting at 9% 12 - 60 $5,000 - $150,000 100 1552262400 $500,000 - $10,000,000 - - $500,000 - $10,000,000 100 1548720000 Up to $5,000 Prime +7% or 8% 36 - 60 Up to $5,000 100 1552262400 Up to $250,000 - Up to 10 years Up to $250,000 100 1552262400 - - - - 100 1552262400 Up to $1,000,000 - - Up to $1,000,000 100 1551830400 $10,000+ - Up to 15 years $10,000+ 100 1551830400 Up to $1,000,000 - Up to 15 years Up to $1,000,000 100 1551830400 Up to $500,000 - Up to 10 years Up to $500,000 100 1551830400 $5,000 - $10,000 - Up to 7 years $5,000 - $10,000 100 1551398400 $3,500+ - - $3,500+ 100 1551398400 $10,000 - $1,000,000 4% - 14% 12 - 84 $10,000 - $1,000,000 100 1551139200 Up to $75,000 - Up to 18 Up to $75,000 100 1550534400 $500-$50,000 0.5% weekly 12 week cycles $500-$50,000 100 1550534400 $1,000 - $1,000,000 6% - 20% - $1,000 - $1,000,000 100 1550534400 Up to $5,000,000 4.5% 24 - 72 Up to $5,000,000 100 1550534400 - - - - 100 1550534400 $5,000 - $200,000 - - $5,000 - $200,000 100 1549411200 $50,000 - $12,000,000 - 24 - 96 $50,000 - $12,000,000 100 1549411200 $5,000 - $1,000,000+ - 1 - 60 $5,000 - $1,000,000+ 100 1549238400 $5,000 - $1,000,000 - 3 - 24 $5,000 - $1,000,000 100 1548720000 $5,000 - $5,000,000 - 4 - 18 $5,000 - $5,000,000 100 1548720000 Up to $100,000 6.05% + 60 Up to $100,000 100 1548720000 $10,000+ 18% - 22% - $10,000+ 100 1548720000 $10,000 - $300,000 4.70% - 5.45% - $10,000 - $300,000 100 1548633600 Up to $5,000,000 5% - 10% 12 - 60 Up to $5,000,000 10 1545177600 $1,000 - $35,000 5.6% – 25.5% 36 – 60 $1,000 - $35,000 100 1545264000 $5,000 - $250,000 - 3-18 $5,000 - $250,000 100 1545264000 $5,000 - $150,000 - 3 - 24 $5,000 - $150,000 6 1545350400 $5,000 – $100,000 15% + 12 – 18 $5,000 – $100,000 100 1545264000 $5,000 – $100,000 Starting at 6.87% 3 – 18 $5,000 – $100,000 5 1545177600 $5,000-$250,000 8% - 29% APR 6 - 18 $5,000-$250,000 4 1545177600 $5,000 – $500,000 Starting at 5.9% 3 – 60 $5,000 – $500,000 100 1545264000 $500 - $10,000 12.99% – 39.99% 9 – 36 $500 - $10,000 100 1561507200 Up to $300,000 - - Up to $300,000
Provider Loan Amount Rate Term (Months) Rating 0 0 Up to $50,000 Prime – 46.96% 3 - 120 Up to $50,000 4 1632960000 Up to $50,000 15.99% + 12 -72 Up to $50,000 6 1624233600 Up to $50,000 29.99% – 46.96% 12 - 96 Up to $50,000 17 1607558400 $500 - $50,000 - 24 - 60 $500 - $50,000 100 1594339200 - - - - 100 1582761600 - - 12 - 96 - 6 1582761600 - 11.9% - 22.9% Up to 84 - 100 1581033600 - + 4.9% - - 100 1581033600 - - - - 100 1580688000 - - - - 100 1579478400 - - - - 100 1579478400 - - - - 100 1579478400 - - - - 100 1578873600 - +8.99% - - 100 1578873600 - - - - 100 1551830400 $5,000 - $10,000 - up to 84 $5,000 - $10,000 100 1552262400 Up to $250,000 - 12 - 60 Up to $250,000 100 1552262400 Up to $1,000,000 - up to 96 Up to $1,000,000 100 1551830400 Up to $100,000 - 6 - 96 Up to $100,000 100 1551830400 $10,000+ - 12 - 96 $10,000+ 100 1551830400 Up to $1,000,000 - up to 96 Up to $1,000,000 100 1577059200 - - up to 72 - 100 1577059200 - - - - 100 1575849600 - Starting at 4% Up to 84 - 100 1575849600 $5000 - $45,000 4.90 % - 29.95% APR 36 - 72 $5000 - $45,000 100 1575849600 - - - - 100 1575590400 - - - - 100 1575590400 - - - - 100 1575504000 - - - - 100 1574985600 - - - - 2 1569974400 $7500 - $59,995 3.95% + 12 - 96 $7500 - $59,995 100 1562112000 - Up to 49.9% - - 100 1561507200 - - - - 100 1561507200 - - Up to 84 - 1 1560124800 Up to $100,000 3.99% - 19.9% 24 -96 Up to $100,000 100 1551830400 Up to $30,000 - - Up to $30,000 100 1548720000 - - - - 100 1548633600 - 4.2%+ - - 100 1545264000 $500 - $10,000 12.99% – 39.99% 9 – 36 $500 - $10,000 100 1545177600 Up to $50,000 - - Up to $50,000 100 1545177600 $5,000 – $40,000 - 12 – 72 $5,000 – $40,000 100 1545177600 - - Maximum 84 -
Provider Loan Amount Rate Term (Months) Rating 0 0 Up to $50,000 Prime – 46.96% 3 - 120 Up to $50,000 100 1578873600 $1,000 - $35,000 - 24 - 60 $1,000 - $35,000 100 1545264000 Up to $25,000 - 12 - 60 Up to $25,000
Provider Loan Amount Rate Term (Months) Rating 0 0 N/A N/A N/A N/A 5 1700524800 - - - - 100 1695945600 - - - - 100 1695772800 - - - - 4 1690934400 Varies 5.54%+ Varies Varies 2 1688601600 Min $100,000 5.34%+ 2 - 10 years Min $100,000 3 1679616000 $100,000 - $2 million Fixed, variable, or adjustable rates 1 - 5 years $100,000 - $2 million 100 1627344000 - 1.94% - 2.45% 12 - 60 - 2 1620777600 Up to $35,000 - - Up to $35,000 3 1545264000 $300 – $35,000 Varies 12 - 60 $300 – $35,000 100 1581033600 - 2.74% - 6.30% 12 - 120 - 100 1580947200 - - - - 100 1580860800 - - - - 100 1580860800 - 2.64% - 4.45% 12 - 120 - 100 1580860800 $50,000+ 2.74% - 3.49% 12- 120 $50,000+ 100 1580860800 - - 36 - 60 - 100 1580860800 - - - - 100 1580860800 - - - - 100 1580688000 - 2.79% - 6.00% 6 - 60 - 100 1579478400 - 2.74% - 3.70% 6 - 120 - 100 1578873600 - - - - 100 1578873600 - 2.69% - 3.95% 6 - 120 - 100 1577059200 $25,000 - $800,000 4.59% - 5.64% 6 - 60 $25,000 - $800,000 100 1577059200 - - - - 100 1577059200 - -- - - 100 1577059200 - 2.84% - 7.30% - - 100 1574985600 $100,000 - $750,000 - 12 - 120 $100,000 - $750,000 100 1574899200 min 25,000 3.89.% - 4.84% 12 - 60 min 25,000 100 1574899200 - 2.23% - 4.45% - - 100 1560124800 - 2.89% - 3.79% - - 100 1548806400 $10,000 - $1,500,000 Varies 12 - 24 $10,000 - $1,500,000 100 1548720000 - 2.41% - 3.84% - - 100 1548720000 - - - - 1 1517097600 $10,000+ Based on equity - $10,000+
While Alberta is largely known for its oil and agricultural industries, there are countless more businesses that call the province home. One of the main things that all businesses in Alberta have in common, regardless of what industry they belong to, is the need for funding. And unless you were lucky enough to have a significant amount of start-up cash from your team or even a hefty investment, there is a good chance you will require a business loan.
Can you get a small business loan based solely on an idea? Find out here .
A business loan isn’t all that different from any other type of loan, just that it is used to fund your business in some way. These loans can be for a variety of different amounts and can be secured from most banks, lenders, and credit unions in Alberta. Even if your company doesn’t need one at this minute, it is still good to become familiar with them so you know what to expect should your business need new capital.