Business Financing Solutions for Alberta and BC Companies
Legacy Commercial Mortgage provides comprehensive business financing solutions that help Alberta and BC companies secure the capital they need for growth and operations. We understand that finding the right financing can be confusing, and we are here to simplify the process!
Through our extensive network of over 50 lenders, we connect businesses with flexible terms and competitive rates for everything from operational expenses to specialized equipment purchases.
Working Capital Solutions for Growing Alberta Businesses
Legacy helps you access business growth funding quickly, so you can focus on scaling without cash flow stress. Keep your operations running smoothly with working capital financing designed for Alberta businesses. These solutions cover:
Operational Expenses
Payroll, rent, utilities
Cash flow grabs
Manage receivables and seasonal dips
Growth Opportunities
Fund marketing or inventory expansion
How Does Working Capital Financing Work?
Working capital financing can cover a lot of opportunities. In some cases, it’s intended to be used as a short-term solution for financial challenges affecting your business. Is there a market downturn impacting your operations? Is your business seasonal and you need to cover heavy manufacturing costs before busy season? Is your business scaling quickly? A loan or line of credit could be the perfect solution to cover you during tight times.
Another example of Working Capital Financing could be the option to finance expensive equipment you need for your business. This gives you the flexibility to pay off equipment with favourable terms, or even to free up your liquid cash for other operational purposes or investments!
The right product for you will depend entirely on your business type, expected cash flow cycle, industry, location, and business health. We’ll help you secure the right financing option so you can get some relief during the ebbs and flows of operating a business.
Some instances of working capital financing, particularly loans to cover short-term cash flow challenges, can have shorter repayment terms and the interest rates due to greater risk to the lender than other loans. That’s why it’s so important to get the best possible rate for your business! We’ll leverage our network of over 50 lenders to shop around and find you the best terms.
Equipment Financing Options Across Western Canada
Whether you’re looking for heavy machinery, specialized tools, or office furniture, we’ll help you get the equipment financing or leasing with flexible terms and competitive rates.
Many large Canadian banks offer equipment financing solutions rather than general loans. This allows you to purchase equipment and pay it off on a schedule, just like you’d do with a financed vehicle. This option can be beneficial because, since the piece of equipment serves as collateral, the interest rates may be lower than a general loan or Line of Credit.
What Types of Equipment Can You Finance?
When you think of equipment financing, you probably picture heavy-duty machinery. The truth is that you can finance a variety of equipment for your business! Some examples include:
- Construction machinery
- Office technology and furniture
- Healthcare devices and tools
- Manufacturing/industrial machinery and robotics
- Retail shelving…and more!
Adding specialized equipment to your business can greatly increase your scalability and efficiency, saving you money and increasing cash flow in the long term. It’s a great option for business owners, and we’re happy to discuss whether it’s right for your business.
Qualification Requirements for Business Financing
Legacy Commercial Mortgage helps you meet these Alberta eligibility criteria and ensures all documentation needed in BC is complete for faster approvals. To qualify for business loans in Alberta or BC, lenders look for a mix of financial stability and operational history. Here are the minimum business financing requirements:
Basic Criteria
Credit score
Typically 650+ for most lenders.
Revenue
Minimum annual revenue (varies by lender, often $100K+).
Operational history
At least 6–12 months in business OR business plan for new businesses
What Strengthens Your Application
Strong cash flow and profitability
Detailed business plan with growth projections
Collateral or personal guarantees
Business Financing Requirements in BC and Alberta
Each province has unique rules that can impact your application. Here are some examples of the requirements for business financing for each B.C. and Alberta:
Basic Criteria
Valid business license and provincial registration
Compliance with commercial lending compliance standards
Proof of tax filings and good standing
What Strengthens Your Application
Business must meet provincial financing rules
May require additional permits for regulated industries
Documentation for GST and payroll compliance
Legacy navigates these provincial lending requirements for you, ensuring your application meets all business permit requirements and lender expectations—saving time and reducing risk of delays.
Fast Approval Process and Competitive Rates
We make the application process simple! We help you navigate the entire process, from your initial application to final approval. We understand that time is of the essence, and we’ll do our best to leverage our relationships with multiple lenders to get your approval done as quickly as possible.
Understanding your needs
We’ll begin by getting to know you and your business needs, goals, and growth objectives.
Financial review
Once we know more about you, we’ll work with your accountant to assess your financial position and come up with a comprehensive financing strategy.
Negotiating with lenders
Leave the hard part to us. With experience, professionalism, and expert knowledge, we leverage our network of over 50 lenders to get you the best rate and term for your budget and needs.
Closing support
Our team provides full assistance through legal documentation to ensure a seamless closing.
Depending on complexity, the timeline can range drastically, typically falling between a few weeks to a few months. Regardless of the duration, you can be assured that we’ll keep you updated along the way.
For businesses that need quick funding solutions, our fast business loan approval process is a key advantage. We leverage our network of over 50 lenders to secure competitive rates and terms, and we provide a 48-hour pre-approval commitment for urgent deals. This ensures you get the funding you need as quickly as possible, without having to sacrifice on terms or rates.
Success Stories from Alberta and BC Businesses
An Industrial Business Restructuring Success
Edmonton & Calgary
Summary
This client was struggling with a proper structure for his general commercial inventory business with his current financial institution. Our client was in need of working capital and restructuring to bring down his monthly payment obligations. LMG was able to successfully secure a $3,500,000 Line of Credit versus the clients’ current $500,000 Line of Credit. In addition to this LMG was able to consolidate a high interest inventory loan of $1,300,000 into a conventional mortgage in one of their industrial properties in the form of an equity take out and payout of the inventory loan. This resulted in monthly savings of $15,000 just for this inventory loan alone.
$10,750,000
Loan Size
Industrial
Deal Type
$150,000
Credit Card for operational needs
Competitive
Rates and Fees with leading commercial banking financial institution
$3,500,000
Line of Credit Margined against receivables and inventory for working capital needs
$7,100,000
in Term Reducing Mortgages across 2 industrial properties
Ready to Grow Your Business with a Business Financing Solution?
Your growth shouldn’t be limited by cash flow. With Legacy Commercial Mortgage, you get more than a loan—you get a partner who understands your business and fights for the best deal on your behalf.
- Access 50+ lenders for the most competitive rates
- Get fast approvals so you can act on opportunities now
- Enjoy flexible terms tailored to your industry and goals
Don’t wait for the bank to offer their one-size-fits-all solution—get the funding your business deserves today with a competitive rate from our network of over 50 lenders.
Ready to secure your next investment? Fill out the Contact form for a confidential, no-obligation consultation.
