Small Business
Small Business Loans
Small Business Financing Solutions Built for You - Fast and flexible access to cash.
Alterna Bank, in partnership with Driven, brings you fast and simple Small Business Loans to help you run your business more effectively. This hassle-free financing solution provides working capital to meet your small business needs including renovations, purchasing new equipment, marketing, and other business expansion.
Not available to residents of Quebec
Benefits to you and your business
As an Alterna Bank customer, here's how your business can benefit from small business loans:
Repayment plans that work for you - Daily, weekly, or bi-weekly payments.
Fast and flexible access to funds - Allowing you to better run your business.
Dedicated online and offline support - Support available to you 24/7.
Ironclad bank level security - Keeping your data safe at all times.
New Clients
To take advantage of our fast and simple Small Business Loans offered in partnership with Driven, start by opening a Small Business eChequing account today!
Existing Clients
Existing Small Business e-Chequing Account customers please log in to online banking and select the link to Small Business Loans under ‘quick links’
Grow with us
Our partner Driven has helped over 16,000+ Canadian Small Businesses with financing solutions designed for them
- Get funds in as fast as in 24 hours
- Get a credit decision quickly with no obligation
- 24/7 on-demand access for quick business decision
Do I Qualify?
Answer these quick questions to check whether your business meets our requirements.
Are you a Canadian-based business?
Have you been in business for at least 6 months?
Are you average monthly sales greater than $7,000?
Choose the Solution that Best suits Your Needs
Business Line of Credit
Our flexible business line of credit gives you the freedom to:
- Buy more inventory
- Pay for new marketing initiatives
- Cover accounts payable
- Renovate your space
Get approved quickly, choose a repayment plan that works for you, and make the right decisions so that your business continues to thrive.
Small Business Loans
Run your business with ease. Unlike traditional banks, we look at more than just your credit score to make sure you get the capital you need quickly to:
- Hire more staff
- Upgrade equipment
- Take your business online
- Pay off tax payments
Need additional funds on top of an existing loan? We can help you with that too. When it comes to repayment, choose a flexible plan that suits your needs.
Small Business eChequing Account*
Our small business eChequing account offers you the convenience of day-to-day transactions with 24/7 digital access.
Payment Processing
Contactless Payments: Adjusting your way of doing business doesn’t have to be complicated or costly. During these unprecedented times, you may be searching for new ways to conduct business, including accepting payments at the curb or your client’s doorstep.
With a full range of mobile payments solutions, including Mobile Pay, Global Payments can help keep your business objectives.
- Flexible, secure, and comprehensive payment solutions
- Seamlessly accept any form of payment - anytime, anywhere, anyway.
- Introductory Offer of up to $350** in value!
* Alterna Bank Small Business Banking introductory offer, is an exclusive offer for net-new Alterna Bank customers.
** Offer valid until December 31, 2022 and is only available to Alterna Bank members in Canada who are net-new Global Payments customers. Merchant Portal and Analytics will be available at no cost for a period of one (1) year. Qualifying Alterna Bank Customers save up to $350 on Payment Solutions from Global Payments: FREE point-of-sale (POS) terminal rental for the first three (3) months or SAVE on a terminal purchase (save up to $150 per device); FREE Global Payments Merchant Portal and Analytics reporting ($200 savings). CS Alterna Bank operates as Alterna Bank. CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).
^ No monthly fee with a minimum daily closing balance of $3,000 throughout the month ($5 monthly fee if minimum balance is not maintained). Fees apply for account closed within 90 days of opening
Please refer Alterna Bank Business Fee Schedule for a detailed listing of account features and fees.
CS Alterna Bank operates as Alterna Bank. CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).
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