This general business loan product is for existing entrepreneurs and businesses to finance their ongoing business operations and activtiies in a community served by the CBDC South Coast. This program offers flexible repayment terms tailored to the needs of the existing entrepreneur and their business endeavours.
- Term loans to a maximum of $150,000 and possibly more.
- Loan repayment term of up to 10 years and up to 15 years for certain assets.
- Fixed interest rates - general loan product interest rates applicable.
- Flexible repayment options to fit the business cash flow.
- Secured lending requirements.
- Non-refundable application fee of $100, and if approved, an administration fee of 1.25% (minimum $500).
- Projects are subject to competitive impact considerations, viability asessment and application review.
- Some projects may be ineligible due to environmental risk restrictions.
GENERAL BUSINESS LOAN OPTIONS
Ready Capital - Standby ready capital financing to keep pace with opportunities.
Operating Capital - Credit line capital financing to match business venture cycles.
Growth Capital - Maintenance, expansion and/or business modernization loans.
Start-up Capital - New business concept and/or business purchase opportunity loans.
For more information, please call 1-888-303-2232 from with Coast of Bays Region or (709) 538-3846.