Funds for inventory, payroll and growth, for businesses bringing in over $15,000 a month.
The short answer
A working capital loan gives your business short-term funds for payroll, inventory, materials or a slow season, sized mainly on your revenue rather than your equipment. It suits Canadian businesses with monthly revenue over $15,000 that need cash before their next invoices are paid. You repay from incoming revenue, and approvals can come the same day.
Growing businesses often hit the same gap: the next opportunity needs cash before the last invoice pays. Working capital financing is built for exactly this, with short-term funds sized to your monthly revenue and repaid as money comes in.
Because approvals rest mainly on bank-statement revenue rather than collateral, these facilities move quickly. We place each file with lenders suited to your revenue range and industry, and we size the facility so the repayments fit your margins.
A working capital loan is a lump sum for day-to-day costs such as payroll, inventory, materials or a slow season. You repay it on a fixed schedule out of incoming revenue, with daily, weekly or monthly remittance to match how money arrives. It differs from an equipment loan, which is secured by the equipment you buy, and from a line of credit, which stays open to draw and repay.
Every lender sets its own bar, but most working capital lenders look at the same things:
A lender may also ask for your most recent year-end financial statements. All industries are considered, including seasonal businesses.
Banks offer working capital through lines of credit and loan programs, and those are more likely to require collateral. Alternative working capital lenders approve mainly from bank-statement revenue, which is faster and works for businesses without hard assets, though the amount is tied to what your deposits show. As a brokerage, CBL is not limited to one lender’s products. We place each file with lenders suited to your revenue range and industry, so you can compare offers before you sign.
Many revenue-based working capital loans are unsecured, meaning you don’t pledge equipment or property. Lenders still protect themselves, usually with a personal guarantee or a general security agreement over the business’s assets, so read the security terms before you sign. If you own equipment outright, equipment refinancing can raise working cash against it instead.
Small businesses use working capital to cover the gap between paying costs and getting paid. Some common cases:
CBL Financial arranges working capital financing for businesses in every province from our head office in Calgary. For more on the process, read our guides to working capital for Canadian businesses and whether a working capital loan is a good idea.
Why CBL
Approvals can come the same day for complete files.
Many working capital programs look mainly at bank-statement revenue, so you usually don’t pledge specific equipment.
Daily, weekly or monthly remittance to match how revenue arrives.
Payroll, inventory, materials, tax obligations, or the deposit on your next contract.
Our partners
Banks, credit unions and specialty lenders across Canada. We match your file to the ones that fit it.
How it works
Lenders look closely at your recent business bank statements. They’re the core of the application.
The right amount from the right lender, structured so repayment fits your margins.
Funds are sent to your business account once you sign the approval.
Eligibility
Requirements vary by program. Not sure you qualify? Apply and a person at CBL will review your file.
FAQ
At CBL, a working capital application needs monthly revenue over $15,000 with consistent deposits, and a Canadian business bank account. Lenders start with your recent business bank statements, then look at time in business, your industry, existing debt payments and, depending on the product, your personal and business credit. All industries are considered, including seasonal businesses.
Many revenue-based working capital loans are unsecured, meaning you don’t pledge a specific asset. The lender sizes the loan on your bank-statement revenue instead. Lenders often still ask for a personal guarantee or a general security agreement over the business’s assets, and bank programs are more likely to require collateral.
Approvals can come the same day for complete files, with funding following once the paperwork is signed. Having recent business bank statements ready keeps things moving. To qualify for working capital, your business needs monthly revenue over $15,000.
It depends on the need: a working capital loan suits a defined, one-time expense, and a line of credit suits costs that come and go. The loan gives you a lump sum that pays down on a fixed schedule. A line stays open to draw, repay and draw again, with interest only on what you use.
It depends on revenue history. Working capital is sized on deposits, so the business needs monthly revenue over $15,000 showing in its bank statements. Newer businesses have fewer options and may be asked for a personal guarantee. If the money is for equipment, a lease or equipment loan secured by the equipment itself is often easier to arrange for a young business.
You may still qualify, though challenged credit usually changes the structure of the deal, for example a larger first payment or additional security. As a broker, we can take your file to other lenders when one says no.
Industries
Tractors, implements and grain handling, with payments timed to harvest.
Hoists, diagnostics, paint booths and full shop buildouts.
Aesthetic lasers, med-spa devices and salon or spa buildouts.
IT hardware, POS systems, office equipment and fit-outs.
Excavators, dozers, skid steers and attachments, with seasonal structures.
Harvesters, skidders, processors and log-haul equipment.
Start your application
Apply in one sitting. Approvals can come the same day. Questions? Call 877-522-2498.
Start your application
