Western Canadian Banking References

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May 27, 2021

by a searcher from University of Calgary in Calgary, AB, Canada

Good day - I am attempting to pre-screen banks/financial institutions that would be willing to finance a business purchase in western Canada to see what traditional financing options are available.

Does anyone have a recommendation for a bank or even a contact within a bank who has experience with financing the purchase of businesses in the $500K - $2M range? To date most of the institutions I have chatted with are focused on either financing startups, or funding the expansion of business...not the sale/purchase of them.

Thank you,
Matt

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Reply by a searcher
from Aston University in Houston, TX, USA
You may have to combine traditional lenders with BDC. https://www.bdc.ca/en/financing/buy-transfer-a-business-loan
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Reply by a searcher
from University of British Columbia in Vancouver, BC, Canada
Thanks for the mention Luke. Matt, happy to meet a fellow western Canadian searcher. I know some pretty solid bankers on the west coast. Shoot me an email at redacted and I'd be happy to put you in touch with them.
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