British Columbia is a great place to be an entrepreneur. The province offers a favourable business climate, with access to markets, talent, and capital. However, small business owners know that having access to working capital can make running the business that much easier. That's where Driven comes in. We offer BC small business loans that can help you to grow your business and achieve success. Our loans are designed to meet the needs of small businesses, and we offer flexible repayment terms to suit your needs.
Borrow up to $300,000, or as little as you need, and have the cash in your bank account in as little as 24 hours.
We set a pre-approved overall limit when you sign up for a business loan, and update it monthly based on your business performance. Draw as much (or as little) as you need within that, with no hidden fees and a fixed interest rate.
You know your business better than us. Whether you're responding to a surprise, investing in business growth, or seizing an opportunity, there are no restrictions on how your business loan is used.
Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.
When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.
Choose the repayment schedule that makes sense for your business—from daily, or weekly payments, or pay early to save on interest. Borrow between $10,000 and $300,000 on 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.
If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.
“Even with our annual sales consistently over $3 million and profits in the six figures, the bank still wouldn't touch us. They asked us for collateral. We have almost $100,000 worth of coolers, a $200,000 fleet of trucks that we own, and point-of-sale equipment worth a few hundred thousand dollars. That’s around $600,000 in what we consider assets. When we brought that to the bank, they were like, ‘No, that's not an asset for us.’ Driven basically gave us the means to fund ourselves over the winter.”
