Business Loans in British Columbia

Whether you are looking to accelerate your company’s growth or fund key day-to-day operations, Greenbox Capital’s business loans in British Columbia can help take your business to the next level. Apply for a business loan today and receive funding in as little as 24 hours!
Apply for a Business Loan in BC

If you own a small business in Canada, Greenbox Capital has several business loan options available. Depending on your growth priorities and financing needs, you may be looking for specific types of loans. We are dedicated to providing bespoke financing solutions that match the precise requirements of your business through each phase of its lifecycle.

How do you finance a small business in BC?

BC Small Business Loans

Our suite of small business loan services has provided the launchpad for hundreds of new ventures in British Columbia. Some of the small business financing alternatives commonly used by entrepreneurs include:

  • Small Business Loans: Lines of credit or term loans with fixed or variable interest rates that can be used by businesses to support growth, expansion priorities or day-to-day business operations such as the purchase of inventory or payment of creditors. At Greenbox Capital, small business loans also encompass equipment financing wherein small businesses can apply the funds to procure equipment and machinery required for business expansion or the refurbishment of existing equipment. Our Funding Advisor team can help you find the best equipment loans that suit your business.
  • Merchant Cash Advances: In BC, MCAs are a commonly used type of small business financing option. In an MCA, a certain sum of cash is advanced to the business and repayment is done through a fixed percentage of daily, weekly or monthly credit card transactions up to a pre-defined interest rate.
  • Collateral Loans: With small businesses, there is often the possibility that there will be land, buildings, equipment or other assets (such as company cars) registered under the business. Businesses that can pledge assets as collateral may receive term loans or revolving loans with a lower rate of interest.
  • Business Line of Credit: The business line of credit is a revolving credit option that allows the small business to withdraw up to a certain limit. Interest is only charged on the amount withdrawn. The business can then repay and draw down as much as needed in each week or month, enabling greater flexibility.
  • Invoice Factoring: Invoice factoring involves selling outstanding invoices to a third party (i.e., the factoring company) and receiving a cash advance for a pre-defined percentage of the value of those invoices. Payments from your debtors then go directly to the factoring company.
  • Bad Credit Business Loans: Also known as low credit small business funding, these loans are geared towards businesses that have a credit score lower than the requirements of lenders such as commercial banks.

Our small business loans in BC extend across diverse industries

Greenbox Capital is proud to offer a comprehensive array of small business funding options to SMBs across British Columbia spanning industries as diverse as:

  • Accounting firms
  • Attorney/law firms
  • Auto dealerships
  • Auto repair shops
  • Beauty salons
  • Cleaning companies
  • Construction companies
  • Convenience stores
  • Daycares
  • Dental practices
  • Dry cleaners
  • Gas stations
  • Home healthcare agencies
  • Manufacturing companies
  • Medical practices
  • Retail pharmacies
  • Pool construction companies
  • Restaurants
  • Retailers
  • Security services companies
  • Staffing services
  • Veterinary clinics

We provide commercial loans to businesses of all types

Starting a business in BC can be a rewarding process. Greenbox Capital is at the forefront of enabling access to capital for business owners to launch their entrepreneurial ventures. Some of the business types that we have worked with extensively include:

  • Women-owned: This segment continues to grow rapidly across Canada each year and we are strong advocates of female-owned businesses through a full suite of solutions including lines of credit, collateral loans, MCAs, and factoring.
  • Minority-owned: While businesses owned by visible minorities have historically faced barriers in obtaining financing from traditional lenders, we welcome the opportunity to work with this segment of the market to evolve and accelerate innovation in Canada.
  • Veteran-owned: While there are many government support and grant programs available to veterans in Canada, the application process for these typically tends to be slow. Greenbox Capital provides rapid turnarounds on approvals and funding to ensure that veteran-owned businesses can flourish and thrive on expedited timelines.
  • Low credit: Businesses with a low credit score or founders that have sub-par credit can often face challenges in obtaining capital. We work with such founders to help them navigate complexities with our flexible approval requirements.
  • Brokers: We partner with independent brokers and brokerage firms to connect brokers and underwriters.
Business loans in British Columbia

How to get a small business loan in BC

Operating a business is difficult enough without having to worry about obtaining financing from an external partner. Some of the most common questions you may have are: “What types of financing are available to small businesses?” or even “Where can I get a loan to start a small business”? If you have had such questions before, read on to find out the process you can follow to ensure strong financing outcomes for your venture.

  • 1
    Identify your financing needs

    Understand what exactly you need capital for – growth, expansion, equipment purchases, operations, etc. Once you have identified the purpose, you can then figure out the ideal financing option that suits your needs best.

  • 2
    Review small business loans

    It is important to align the financing option with your specific requirements. For example, if you require variable amounts each month to bridge cash flow shortfalls while you are waiting on payments from debtors, a revolving line of credit may be a better option than a term loan with specific repayment schedules each month.

  • 3
    Submit the application

    Once you are ready, submit your application to make your case for small business loan financing! You will need three months of bank statements and relevant documents for ID. You can also link your bank account with Plaid which provides Greenbox Capital with transactional data directly from your bank account. This saves you time and allows for a faster decision process.

  • 4
    Select funding

    A Funding Advisor will contact you shortly after submitting your application to finalize your application and discuss funding choices.

  • 5
    Receive funding

    Approvals and deposits can occur in as little as 24 hours!

Benefits of small business funding in British Columbia with Greenbox Capital

There are several benefits of obtaining financing from our company.

  • Fast approvals: With a pain-free application process and a fully digital customer experience, approval for business loans is provided in as little as 2-5 hours with funding provided in as little as the next business day.
  • Dedicated Funding Advisor: Once the online application is completed, you will be assigned a Funding Advisor who will work with you to help you understand the funding and repayment options.
  • Flexible funding: Having worked with businesses across British Columbia, we understand that businesses are more than just a credit score. Regardless of your industry, credit history or operating history, we work with you to understand your business’ potential and offer financing options accordingly.

Case studies of small business loans across BC

We have worked with companies of varying sizes and industries to provide small business loans in Vancouver, Victoria, Surrey, Richmond, Kelowna and other major cities in British Columbia.

Company TypeLoan TypeFundedLoan TermsBenefits
Pharmacy Business, Vancouver, BCBusiness line of credit$55,00012-month termFlexible financing for working capital needs, payroll, and inventory
Medical Clinic, Victoria, BCCollateral loan$75,00012-month termFinancing for new equipment purchases and FF&E
Restaurant, Surrey, BCMerchant Cash Advance$10,5009-month termCash infusion to prevent a funding shortfall during emergency repairs phase of restaurant
Manufacturing Business, Richmond, BCInvoice factoring$30,00012-month termImmediate working capital and liquidity to support the execution of a major order

Frequently Asked Questions About Business Equipment and Machinery Financing

Can I get a loan for business in British Columbia?

Yes, Greenbox Capital provides business loans including small business loans, invoice factoring, merchant cash advances, and equipment loans in British Columbia.

How can I get a small business loan in Vancouver?

For a wide range of business types across industries in Vancouver, Greenbox Capital is a proud financing partner. Submit an application today and one of our Funding Advisors will reach out to you to discuss the best option for your business.

Can I get a bad credit business loan in British Columbia?

Yes, we offer bad credit business loans in BC for business owners that have limited credit histories or scores that fall outside of the desired range of commercial banks.

Where can I get a loan for my small business in British Columbia?

If you are an entrepreneur wondering how to start a business in BC, our company has an array of small business loans in British Columbia available. Submit an application and our team can advise you on various start-up financing options.

How fast can I get a business loan in BC?

With our flexible approval requirements and simple application processes, we can provide businesses with funding in as little as one business day.

Where To Get Small Business Loans In British Columbia

  • Victoria
  • Vancouver
  • Abbotsford
  • Surrey
  • Richmond
  • Armstrong
  • Burnaby
  • Campbell River
  • Castlegar
  • Chilliwack
  • Colwood
  • Coquitlam
  • Courtenay
  • Cranbrook
  • Dawson Creek
  • Delta
  • Duncan
  • Enderby
  • Fernie
  • Fort St. John
  • Grand Forks
  • Greenwood
  • Kamloops
  • Kelowna
  • Kimberley
  • Langford
  • Langley
  • Langley
  • Maple Ridge
  • Merritt
  • Mission
  • Nanaimo
  • Nelson
  • New Westminster
  • North Vancouver
  • Parksville
  • Penticton
  • Pitt Meadows
  • Port Alberni
  • Port Coquitlam
  • Port Moody
  • Powell River
  • Prince George
  • Prince Rupert
  • Quesnel
  • Revelstoke
  • Rossland
  • Salmon Arm
  • Terrace
  • Trail
  • Vernon
  • West Kelowna
  • White Rock
  • Williams Lake

Business Loan Calculator

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    * Estimate Disclaimer: The figures are approximations. Apply Now for a tailored funding calculation and a precise assessment of your business funding options.

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