Get extra business capital with home equity loans
No business plan required
Large loan amount
Quick approval
Flexible loan terms
How to get business capital from Alpine Credits
Complete an online application
Speak with a Financial Solutions Specialist
Get approved and receive funds
What is business capital?
Benefits of home equity loans for business capital
Flexible eligibility criteria
Large loan amount
Flexible use of funds
Why choose Alpine Credits
Simple qualifying criteria
Alpine Credits focuses primarily on home equity value, and less on credit score or income status.
Quick approval and funding
Alpine Credits reviews your application significantly faster than traditional banks and lenders. Get your funds in a few days.
Personalized support
Alpine Credits has a team of Financial Solutions Specialists to help you and answer any of your questions.
How does business capital and home equity loans work in Canada?
When starting a new business, the first thing that entrepreneurs must consider is where they will receive financial support. A few common sources include grants from the government or loans from financial institutions and lenders. While government grants and bank loans are good sources of funding, sometimes their criteria can be a challenge to meet.
Instead of trying to change your business model to be more appealing to sources of capital, your property’s equity can be your main financial resource. Accessing the equity in your house in the form of a home equity loan can bring your business ideas to life.
Types of business capital in Canada
Financial capital
Financial capital, which can also be called investment capital, is divided into two main categories. Both have a role to play in the business’ revenue.
Debt: Some debt is essential for financial planning. For businesses, it’s an opportunity. Keeping debt manageable is crucial for ensuring cash flow covers repayments.
Business owners build debt capital by borrowing, with larger firms accessing private or government loans, while small businesses often use loan programs or angel investors.
Equity: Business equity differs from homeowner equity and includes public and private types. Public equity is raised through the stock exchange, while private equity is limited to select investors.
Working capital
Businesses calculate working capital by subtracting current liabilities from current assets, known as net working capital.
A business can have negative or positive working capital. Negative working capital means current liabilities exceed current assets, indicating short-term spending exceeds earnings.
Home equity loans can help maintain positive working capital or convert negative to positive. Their flexibility allows you to invest in business opportunities.
Human capital
Not all capital has monetary value or appears on a company’s balance sheet, but it is still an investment. Human capital is one example; businesses can invest in employees through health benefits and training. Human capital is vital for a company’s economic growth.
To support employee training and education, businesses can use a home equity loan. This funding can be directed toward training programs and initiatives that foster a healthy work environment.
Why is business capital important?
Anyone who has started their own company understands how much financial support one of these endeavours need. Not only does it need a lot funding in the beginning, but the business will constantly have demands that the business owners must meet.
Business owners need capital to continue efficiently running their companies. Employees need to be paid, equipment and materials must be updated, and new strategies must be implemented to support the company’s growth. While the business can generate income to invest back into itself, having extra capital can bring the company to new heights.
Qualifying for a business capital loan is easy
Each lender has their own specific criteria and qualifications, but Alpine Credits doesn’t require your financial statements or credit score.
Homeownership
To qualify for a home equity loan from Alpine Credits, you need to own your home.
Valid identification
To ensure that the right person receives the funding and that you are at least 18, Alpine Credits will verify your identity.
Access the business capital you need with home equity loans
Whether starting a new venture or investing in your existing business, a home equity loan can meet your financial needs. Alternative lenders like Alpine Credits offer home equity loans, providing several benefits for you and your business.
Instead of relying on your financial history and income, eligibility is based solely on the equity in your real estate. Home equity loans are flexible, allowing you to use the funds for any business purpose, and typically come with lower interest rates than other loan types.
At Alpine Credits, you are eligible for a home equity loan if you have paid at least 25% of your mortgage. Contact Alpine Credits for a home equity loan to simplify the process and support your business venture.
Find loan options in your area
All of Canada
Frequently asked questions about home equity business loans in Canada
Where is the best place to get a small business loan?
Do you borrow money to start a business?
How much do I need to be making to get a business loan?
Do I need to include financial projections when I apply for a business loan?
Homeowners get approved.
