Payday Lenders – company guide

Payday Lenders – company guide

A company providing brief term, short term loans which are generally speaking repaid by post-dated cheque or pre-authorized debit payment require a company licence as a payday lender.

Samples of companies that do need licensing that is municipal

  • Payday loan organizations
  • Cash loan providers
  • Pay day loan
  • Payday advances
  • Short term installment loans
  • Little buck loans
  • Pawnbrokers
  • Attempting to sell utilized products

Types of companies that don’t require municipal certification:

  • Banking Institutions
  • Cheque cashing organizations
  • Credit unions
  • Banking institutions
  • Lending organizations

In case the company will not require a licence, you nevertheless require Business ID and land usage approval. See companies perhaps perhaps not needing a municipal licence​ to learn more.


Payday loan providers

Payday loan providers are considered an online payday loan use in the event that development of cash will not go beyond $1,500 and it is for a term of 62 times or fewer. Payday loan providers are allowed to work as a home-based or commercial company. For just about any commercial organizations, there needs to be 400 metres from any proposed payday loan provider to a payday lender that is existing.

Provincial certification approval

Specific company tasks need provincial certification along with your municipal company permit. These tasks have already been recognized as licence kinds regarding the chart above (see needed approvals chart).

Provider Alberta will direct one to the right provincial contact which will offer further way in regards to satisfying the provincial certification needs needed for getting your municipal company licence.

Provincial licenses should be submitted towards the City’s licence unit to get the license that is municipal.

It is possible to provide your provincial licence:

Alberta Car Business Council (AMVIC)

A license is required by the Alberta government for many car company tasks. You have to contact the Alberta engine Vehicle business Council (AMVIC) at 1-877-979-8100 for information regarding getting a provincial licence.

AMVIC calls for verification of City preparing approvals before they are going to issue a provincial amvic licence. As soon as AMVIC problems your provincial licence, you have to offer it to your City of Calgary, that may then release your business that is municipal licence.

Candidates can provide the AMVIC permit:

  • Face-to-face during the preparing Services Centre: third flooring 800 Macleod Trail S.E. Calgary, AB


For company licence charges, begin to see the company Licence Fee Schedule. The business enterprise licence cost routine is divided by licence kind. Should your company requires multiple licence kinds, the category fee that is highest are charged.

These costs try not to are the expenses pertaining to permits that are required meet land usage approval, or any third-party approvals or inspections that could be necessary to get your licence.

How exactly to use

On The Web

With us, 8 a.m. to 4:15 p.m. Monday to Friday if you need help when completing your application Live Chat.


More information

Acquiring your company licence

The authorized company licence is likely to be delivered to the applicant into the mail, or if required, may be held at our permit pick-up countertop. Whenever a commercial company is functional, the real content of one’s company licence must certanly be posted in an extremely noticeable location where in actuality the public is able to jora credit loans locations see it.

In the event that you want to make any noticeable modifications to your online business after getting your licence, please go to handle your organization to learn more.

Just how long is my licence beneficial to?

Company licences expire one 12 months through the issuance date. Forty-five times prior to the licence expires, a notice is mailed out advising the licensee regarding the date that is expiry. Any outstanding fines must be compensated ahead of renewal.

Business ownership modifications

A company business or licence ID just isn’t transferable from 1 individual to a different or from a single man or woman’s business premises to some other.

Several premises

A company running from one or more location calls for a split company licence for every single premises.

Licence kind combinations

To guarantee the appropriate approvals are created for a small business, numerous licence kinds could be attached with a business licence that is single. As an example, a case manufacturer would need a maker licence kind; in the event that company is additionally setting up the cabinets, a contractor licence type is needed. Both licence kinds will be from the business that is same document and just one renewal may be needed.


All charitable companies needs to be related to another business activity that is licenced. Approval should be given by the province before using for a municipal licence.

Companies perhaps maybe perhaps not qualified to receive a charity status:

  • Liquor beverage product sales
  • Tobacco merchant


View more posts from this author