Merchant Growth Ltd. Acquires Lendified Inc. Learn More
Small businesses are a crucial part of everyday life in Alberta. In recent years, entrepreneurs throughout Alberta have invested untold amounts of time, effort and energy to build thriving small businesses across the province. In fact, nearly 95 per cent of Alberta businesses fall into this category, which makes them the bedrock on which the Alberta economy is built.
Unfortunately, many companies in Alberta, from Medicine Hat to Red Deer to Fort McMurray, are facing significant economic uncertainty, which poses a major barrier to growth.
But there are ways to overcome these barriers, and Lendified’s loan services are foremost among them.
Lendified supports entrepreneurs and their small businesses by providing an alternative means of accessing the financing they need to pursue their goals and overcome tough economic challenges. With the right business plan and Lendified’s loans, any small business in Alberta can set out on the path to sustained growth and prosperity.
Business loans can help your company succeed, and our team of experts will help you get the right kind of loan to meet your business needs.
According to federal government statistics, there are over 160,000 small businesses in Alberta, which accounts for 98% of employers in the province. Truly a province of entrepreneurs, the small business sector has been key to helping Alberta achieve a GDP per capita that far exceeds the national average in Canada.
What has made Alberta a favorable place for business development is their business-friendly environment and competitive tax regime. The long-term trend of small-business growth has been maintained, as Alberta residents continue to innovate and start new companies, despite the looming economic uncertainty.
However, Lendified understands that small businesses in Alberta can be hurt when the funding they need is inaccessible.
Small businesses can need financing for any number of reasons, whether they come in the form of small business loans to secure capital, to ensure stability, to hire new employees, and to promote growth.
Loan applications through Lendified provide a flexible alternative to paperwork-intensive bank loans and expensive merchant cash advances, which is why our business loans have become increasingly popular in the province, as they now account for 20% of Lendified’s total loans.
Do you own and operate a small business in Alberta? Would a flexible financing option help your company succeed? If so, Lendified’s services are for you.
Finding solutions to financial problems during hard times is part of the entrepreneurial spirit that runs deep in Alberta. But finding that solution doesn’t have to be a time-consuming, headache-inducing challenge, in fact, with Lendified, it’s easier than you might think to get loans.
Business owners in Alberta (and across Canada) can apply for financing online through Lendified and get pre-qualified in under 10 minutes. Best of all, they can have their loans deposited into their accounts in as little as 48 hours after approval!
In order to qualify for a small business loan, applicants from Alberta or anywhere else in Canada, must meet the following criteria:
Not sure if your business qualifies for our loan services? Speak to one of our experts, who can walk you through the process, explain your financing options and get you started.
Our business loans range from $5,000 to $150,000, with repayment terms of anywhere from 3 to 24 months, to provide entrepreneurs the capital they need while offering flexible repayment options. In Alberta, entrepreneurs tend to receive loans in the $50,000 to $60,000 range.
Lendified’s loans support a wide range of industries across Alberta. Through working with so many kinds of companies, Lendified’s experts have gained invaluable experience along the way and can help you make the best use of the financial tools at your disposal.
We have provided financing across Alberta to many different industries, including:
If your industry isn’t shown above, don’t worry! We also serve many other industries throughout Alberta and across Canada, feel free to check out all the other industries we serve here!
Small businesses need capital to grow. But by racking up credit card debt or personal loans, keeping up with payments can quickly become a stressful challenge. High interest rates can compound this financial hardship and make it difficult to find a way out of the debt cycle.
Instead of using these financial tools to stay afloat, small loans for business from Lendified can be your best bet to keep your company going strong.
Although there are some restrictions on how you can use a business loan from Lendified, there are many ways in which you can use your newfound financing. A small business loan can be used to finance a variety of essential aspects of your business, including:
To learn more about the potential applications for Lendified loans and get more information about how this financial support can help your small company’s Alberta operations, click here.
in fast and affordable funding
provided instantly for free
with simple bi-weekly payments
Apply in minutes using our secure online application and get pre-qualified instantly
Avoid overpaying and save up to 40% compared to a merchant advance & other online lenders
Get a real business loan that helps you build credit and qualify for even better rates on capital
Work with a trusted Canadian company founded by former bank executives dedicated to helping small businesses