Apply for a Lift Loan...
We serve more businesses than any bank in Alberta, so we know good businesses don’t always fit complex lending rules. ATB LendR gives you the chance to tell your story, and if Albertans are willing to back it then ATB will too.
If you qualify, we’ll create a Lift Loan profile to tell your story and make it available for you to share. From there, you’ll need to raise the first 10% of your total loan amount on the platform through people you know. Your profile will then be open to other LendRs. If they lift you to 50% of your loan amount, ATB provides the rest of the loan.
Small businesses who’ve been an ATB Business customer for at least 12 months can apply for a Lift Loan. Using a unique lending model, we review applications and look at things like account history and credit scores to quality you. The process is closer to a business credit card application than a commercial loan review.
Use the Lift Loan calculator to calculate your monthly payments.
Interest rate is 15% per year, but like with a traditional loan your interest is reduced as your principal is paid down. Actual cost per year is generally around 8.3% of loan value.
How much would you like to borrow?
Choose your loan term:
Your Monthly payment:
The total you will repay (principal + interest):
If you successfully reach your lending goal ATB takes care of pooling the funds and depositing them into your account. We’ll also take the payment out each month and distribute that back to each LendR. We take care of the administration so you can focus on running your business.
Lift Loans are generally 1 or 2 year term loans, with monthly repayments. Interest rates will generally be higher than secured bank loans, but less than typical credit card rates. We’ll review your specific options and terms with you.Sign up and getting started is free, but there is an application fee if you decide to move forward. That fee is refundable if we determine you do not qualify for a Lift Loan.