Business Loans

The financing you need with terms to suit

All businesses encounter times when they need money for a specific purchase, improvement project, working capital or an expansion. If your financing needs are well defined and you prefer a predictable repayment plan, a term loan can be the right choice.

A borrowing plan designed to fit your needs

Choose from a range of loan types and repayment options
Structure a predictable payment plan to match your needs
Competitive rates to fund your expenses, expansion or purchases

What you need to grow your business

With initial set-up costs frequently lower than a mortgage and the possibility of borrowing up to $100,000 on an unsecured basis, many businesses opt for term loans for a wide variety of projects:

Renovation improvements to an owner-occupied or leasehold property
Purchase of vehicles, machinery or equipment
Inventory purchases
Investments
Refinancing existing loans
Expansion through purchase of another company, company shares, or assets

For business loans from $5,000 to $35,000, our Lines of Credit may be a better option, providing added flexibility and eliminating the need to reapply when looking to take advantage of other competitive situations or expansion opportunities.

Business advisors can help

Our experienced business advisors will work with you to develop a borrowing plan that fits your needs. Choose from fixed or variable rate loans and a wide range of payment options. And remember, while term loan lengths often extend up to seven years, for the purchase of equipment, vehicles or machinery, the loan duration can't exceed the useful life of the items being purchased.