Business Mortgage

Owning your own operating facility or office building can be a key strategy to business success - but what's right for you and your business?  Contact us - our lending specialists will be pleased to work with you to answer that question, with several options to make property ownership the right move for now, and for years to come.

 

Line of Credit

A line of credit is an authorized overdraft limit that is attached to your chequing account.  You only pay interest on the amount used -  interest is calculated on the minimum daily balance and paid at the end of each month.

 

This is a great product that provides you with ready cash for day to day business operating expenses that may not be timed exactly with your business revenue stream. Contact us today to book your appointment with one of our lenders. 

Quick Loan

A quick loan is revolving credit which provides loan funds on a continuing basis without continual applications each time funds are required.  You apply once, receive a limit and establish affordable payments, then it's yours to spend when you need it, as you see fit.  Once you've paid the loan down you can have funds re-advanced without re-applying - just give us a call and request for the the funds to be deposited to your account of choice.

 

This is a great option for business owners who require access to additional funds quickly and conveniently.

Contact us to learn more.

Term Loan

A term loan is for a specific amount that has a specified repayment schedule. Term loans almost always mature between one and 10 years.

 

This kind of loan can help you buy investments, equipment, tools or inventory needed to help your business succeed. Or, use a term loan to consolidate your debts and lower your monthly payments and interest costs.  Contact us.

Dealer Finance

Conveniently finance your company vehicle right at the dealership, while still ensuring that your loan remains with your local credit union. This service makes weekend buying simpler when your credit union is closed. 

 

Dealer financing is available throughout Saskatchewan.  Ask for credit union financing , via Edam Credit Union.  You also have the option to be pre-approved at our office to make the experience more streamlined.

Calidon Leasing

We have partnered with Calidon leasing to provide our members with competitive rates on leasing programs for all types of equipment.  In most cases a lease will reduce the amount of income tax paid as well as increase the available cash flow to your farm or business. If you haven’t heard, residual buyout options are also available.

 

This is an excellent financing option for members that wish to make a smaller down payment or for members in a high income tax bracket. Contact us to discuss your situation.                Lease vs Buy??

Canadian Small Business Financing Program (CSBFP) Business Improvement Loan

A federal government guaranteed loans program designed to increase the availability of funding available to help new businesses get started and established firms make improvements and expand.  This program is available for mortgage and non-mortgage loans for business purposes other than operating expenses.

 

To learn more: https://www.ic.gc.ca/eic/site/csbfp or Contact us.

Community Sponsorship

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