Business loans in Alberta

Local economy

Where Alberta revenue comes from

Alberta's economy is closely tied to energy. Oil sands operations around Fort McMurray and conventional oil and gas across the province support a deep network of oilfield service companies, fabricators, trucking firms and equipment dealers. Calgary holds many energy head offices and a growing technology sector, while Edmonton is the gateway to the north and a centre for petrochemicals and government. Beyond energy, Alberta is ranching and grain country, with meat packing and agri-food processing in the south. Construction and home building follow the energy cycle, rising and cooling with commodity prices.

Tax accounts lenders check

Alberta has no provincial sales tax: businesses charge only the federal GST at 5%, administered by the CRA. Lenders still look for GST and payroll source deductions in good standing with the CRA.

What fits

Funding that fits Alberta businesses

• Equipment financing for trucks, trailers, heavy equipment and tools.
• Invoice factoring for oilfield service, trucking and B2B businesses on long payment terms.
• Lines of credit for contractors and businesses with uneven months.
• Working capital for payroll and inventory.

Local industries

• Trucking: Alberta haulers moving oilfield equipment and freight often wait on shipper payments. Invoice factoring turns those invoices into cash, and equipment financing covers tractors, trailers and pickers.
• Excavation: Excavation and site-prep contractors working lease sites and subdivisions carry costly machinery. Equipment financing spreads the price of excavators and dozers over the years they earn.
• Agriculture: Grain and cattle operations earn on harvest and sale cycles. A seasonal line of credit or equipment financing for combines and handling equipment matches payments to those cycles.

Put the options next to each other.