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Whether you are considering expanding your business, doing upgrades or renovations, or paying off some bills, ASCU can help move your business in the right direction. For your convenience, we have a variety of business lending products available. When you meet with one of our Independent Business Managers to discuss your business needs, we will help you find the plan that is right for you!
Business Loans
If your business requires capital to cover your fixed assets, then an ASCU Commercial Loan is right for you. There are several options available to you:
>> Operating Line of Credit
>> Business Loan -Long Term
>> Business Loan -Commercial and Agriculture
>> Business Loan -Government Guarantee
>> Business MasterCard®
>> Commercial Mortgages
Whatever your needs, our Independent Business Managers will assist you in setting up the best solution to your business’ needs.
Features:
>> Competitive rates
>> Flexible payment options
>> Insurance coverage available
Business Loan – Long Term
These loans are for commercial owners who require financing to cover the cost of their fixed asset requirements. ASCU’s interest rates are competitive and we offer variable & fixed rates with amortization from 1-20 years. We have a variety of financing options available (i.e. SBLA/Mortgages/PPSA) and a variety of payment options including flexible pre-payments. Life insurance coverage is available for owners.
Business Loan – Commercial & Agricultural
ASCU offers a complete selection of business loans including lines of credit, letters of credit, commercial mortgages, and even farm loans. Our Independent Business Managers would be happy to help you with your loan application and to customize a loan just for you.
Business Loan – Government Guaranteed
There are a variety of government guaranteed loans available including the Canada Small Business Loans, Women in Business Loans, etc. Our Independent Business Managers can help you research whatever funding options for business may be available for your enterprise.
Operating Line of Credit
ASCU’s Operating Line of Credit for business is designed to meet our commercial members’ short term credit requirements at competitive variable interest rates, subject to an annual review and approval by ASCU. Interest is calculated and charged monthly. Term life insurance is available on owners.
Commercial Mortgages
ASCU can help you with your commercial mortgage needs, whether you need help financing a new "home" for your business or buying/developing other commercial property.
Amortization schedules run from 1-20 years, and we will collect and pay your property taxes on your behalf.
Our evaluation process considers such key components as:
>>The project location
>>Quality
>>Your previous track record
Approved mortgage amounts are based on realistic projected income and other considerations.
Talk to one of our Independent Business Mangers today!
853.1880 ext 230 or business@advancesavings.ca
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