Business loans for Canadian homeowners

New and experienced entrepreneurs can find the financial support and capital they need for their business from their home equity.

No business plan required

Large loan amount

Quick approval

Flexible loan terms

How to get a business loan

Complete an online application

Fill out the form with the right information: no obligation or impact on your credit score.

Speak with a Financial Solutions Specialist

A specialist will contact you to provide support, answer your questions and provide more information.

Get approved and receive funds

With at least 25% equity ownership in your home, you can get approved and receive funds within a few days.

What is a business loan?

A business loan is a fund from a traditional or alternative lender. It’s usually a lump sum that you can use towards business expenses. You can use it to pay staff wages, purchase inventory, expand a business, or cover unexpected costs.

Use cases for business loans

Buy business assets or equipment

Both components are part of startup costs, but more established businesses may need a loan to buy the latest equipment.

Pay for construction or renovation

You can fund the construction or renovation of your business space with a business loan.

Hire consultants or extra staff

Get the funding you need to expand your team and help your business thrive with advisors or additional employees.

Improve cash flow

Also known as working capital, improving your cash flow can help you manage your business’ income more efficiently.

Benefits of home equity business loans

When it comes to fueling your startup or expanding your existing business, a home equity business loan can provide access to fast, affordable capital:

Flexible eligibility criteria

Your loan approval is based on how much equity you have rather than your credit score or business plan.

Large loan amount

The more of your home you’ve paid, the more you can borrow, which could be hundreds of thousands of dollars.

Flexible use of funds

The capital obtained can be used for various purposes, such as purchasing inventory, hiring staff, or funding expansion projects, allowing for tailored financial strategies.

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.

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How does a business loan work in Canada?

Once you receive your business loan from Alpine Credits, you can use it to meet your business needs. It can be used for covering staff wages, purchasing inventory, improving cash flow, or addressing unforeseen business costs.

As with any loan, a business loan will require regular payments to repay the amount borrowed plus accrued interest.

Case study of a business loan with Alpine Credits

Alpine Credits has been helping Canadians with some of their financial obligations for decades, and one instance is with Eva S.

Eva owns a formal wear boutique in Vancouver. Her business is growing quickly, as her store is the go-to shop for black tie events in the city. One of her top suppliers is having a fire sale and their entire inventory of floor-length gowns is priced to move.

With prom and graduation season around the corner, Eva knows that if she can find the cash to take advantage of this opportunity her revenue will double over the next few months with the additional inventory.

However, cash flow is a challenge. Traditional bank loans could take too long, and she can’t risk missing out on this opportunity.

While looking for a solution, she turns to Alpine Credits, a lender known for its quick and flexible financing for small businesses. Within a day of applying online, Eva receives approval for a home equity business loan.

With the funds in hand, she rushes to the supplier’s sale and fills her boutique with gorgeous new gowns. Thanks to Alpine Credits, Eva not only capitalizes on a fleeting opportunity but also sets the stage for future business growth.

Qualifying for a business 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.

Elevate your business with Alpine Credits home equity business loans

Establishing your own business is an important event and a significant financial decision. Business plans already require a lot of time and energy, and getting the funding is an additional step that can take up even more resources.

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

Click on the links below to get started, and see the mortgage options available to you, in the provinces we serve across Canada!

All of Canada

Consolidation loans in Canada

Business capital in Canada

Personal loans in Canada

Home equity loans in Canada

Investment loans in Canada

Third mortgages in Canada

Mortgage refinancing in Canada

Frequently asked questions about home equity business loans in Canada

Find answers to frequently asked questions about Alpine Credits, home equity loans, second mortgages and more.

Where is the best place to get a small business loan?

Small business loans can be gotten from most banks, but one of the best places to get a business loan is Alpine Credits. We assess only your home equity and can quickly provide a significant amount of funding with comparably lower interest rates.

Do you borrow money to start a business?

The start-up costs for a company are generally higher than what the average Canadian has saved up, which means starting a business usually means that you’ll have to borrow money or take equity financing.

How much do I need to be making to get a business loan?

The lender determines the exact amount you’ll need from either your personal income or your company’s income. With Alpine Credits, you don’t need to meet a minimum income requirement if you own at least 25% of your home.

Do I need to include financial projections when I apply for a business loan?

Not all lenders require a financial projection for your business to get a loan. For example, Alpine Credits doesn’t require you to show a financial projection. However, financial projections are part of the standard business planning procedure. It can help you set realistic goals for yourself.

Homeowners get approved.

Unlike traditional banks, all you need to qualify for a loan at Alpine Credits is to own your home. We make the process as quick and easy as possible. Applying won’t affect your credit score.