Terms Loans for business

  • Right for you if:
    You want to borrow between $30,000 and $1,500,000 to grow your business

  • A term loan can help when you are planning to purchase major fixed assets.

    Based on your short or long-term business goals, you have the option of choosing either a fixed or variable rate loan.

     

    Key benefits for you include:

  • Loans from $30,000 to $1,500,000

  • Flexible payment options and terms that let you to match your loan to your cash flow

  • Competitive fixed or variable interest rates

  • Flexible repayment periods of up to 15 years

  • Options to make partial or full pre-payments at any time without penalty

  • A fixed-rate loan offers you the peace of mind of consistent payments, regardless of fluctuations in base interest rates

  • Lock in at a specific fixed rate for lower borrowing costs when you make regular payments

  • Maintain your budgeted costs even when base interest rates rise

  • Make blended payments that can go towards principal and interest. Payments towards a fixed rate loan must be consistent - you cannot make full or partial payments without a penalty

  • A variable-rate loan provides you the opportunity to save on interest costs immediately when the base interest rate decreases

  • Save money when interest rates get lower

  • Make partial or full principal pre-payments at any time without penalty

  • Take the next step

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    62-Scotia or (868) 627-2684