Financing for BC's core industries
British Columbia's economy leans on trucking and logistics tied to the ports and the Interior, construction and trades, busy restaurants and food service, and a large base of health clinics and salons and spas. Each has lenders that understand how its money moves. Your advisor knows which ones fit.
PST and equipment in BC
Unlike the HST provinces, BC charges 5% GST and a separate 7% PST. PST generally applies to equipment you buy or lease, and unlike GST, it can't be claimed back as an input tax credit. That makes PST a real cost in your equipment budget, so include it when you compare a loan and a lease. Some production machinery used by manufacturers qualifies for a PST exemption. Confirm with your accountant before you buy.
BC contractors and prompt payment
BC passed its Construction Prompt Payment Act in November 2025, joining Alberta, Saskatchewan, Manitoba and Ontario in setting payment deadlines for construction. The Act comes into force on a date set by regulation, so check whether it applies to your contracts yet. In the meantime, the cash gap between spending on a job and getting paid is the same as anywhere. Our holdbacks and prompt payment guide covers the financing that helps.
Where BC businesses borrow
- Banks and BC's large credit unions, for businesses that fit their criteria. If yours said no, here's what to do next.
- Government-backed loans through the Canada Small Business Financing Program and BDC.
- Equipment lenders and leasing companies for equipment financing.
- Alternative lenders for term loans and lines of credit, deciding mostly from recent bank statements.
How Straightline works in BC
You answer a few questions about your business. We match you with one experienced funding advisor who serves British Columbia and knows your industry. They compare offers from the lenders that fit and walk you through your options. Your file goes to that one advisor only. Check your options in about 3 minutes, with no credit check to start.