Business Borrowing

Commercial mortgages are available for the purchase of land or buildings and for renovations and additions.

• Various fixed-term rates available from 1 to 10 years
• Multi-advance disbursement options may be available
• Pre-payment privileges available

Agriculture mortgages are available for the purchase of land or buildings and for renovations and additions.

• Various fixed-term rates available from 1 to 10 years
• Pre-approved mortgages are available with 60-day rate guarantee
• Multi-advance disbursement options may be available
• Pre-payment privileges available

Construction mortgages are designed for Agriculture and Commercial Owners who are renovating or constructing new building, barns, facilities or homes.

• Five-year variable term loan, may be converted to fixed loan once the construction phase has been completed
• Interest-only during the construction phase (up to one year)
• Funds drawn in set amounts when required
• Pre-approved mortgages are available with 60-day rate guarantee

A term loan may be used to finance farm or business requirements, such as livestock or equipment.

• Loan terms from one to ten years
• Flexible repayment terms, including fixed and variable interest rates
• Re-advanceable term loans available offering flexibility with drawdowns and repayment within an approved loan limit

The Operating Line of Credit (LOC) is a revolving loan set up to meet the cash flow requirements of your farm or business.

• Disbursed in multiples of your choice into your operating account or attached to your operating account as an authorized overdraft
• Normally repaid as the business generates cash flow
• While repayable on demand, there is no fixed principal repayment schedule
• Interest payable monthly
• Variety of options available to align with your specific business/agriculture needs

For large equipment, sometimes leasing can make the most sense.

• Lower initial investment often required
• Flexible terms (up to five years) and payment structures (monthly, quarterly, semi-annually and annually)
• Tax advantages: Please consult a tax professional to confirm your situation
• Eligible equipment:
  • Farms: grain bins, robotic milking systems, farm equipment, etc
  • Commercial/Industrial: heavy equipment for mining or construction, office equipment and utility trucks/trailers
  • Medical/Technological: banking systems and computer networks
  • Manufacturing: production and packaging equipment, machine tools and robotics