Business Loans
Features & Benefits
- Up to 80% financing available
- Attractive credit rates between 8% - 12%
- Up to 15 years repayment.
- Speedy approvals.
Requirements
- Legal Documents – Certificate of Incorporation
- Memorandum & Articles of Association
- Business Name Certificate
- Certificate of Good Standing
- Board Resolution to borrow
- Business Plan
- Audited Financial Statements for 3 consecutive years
- Cash Flow Projections for 12 months.
- Other requirements may vary. Speak to your corporate loan advisor for specific details.
Commercial Mortgages
Features & Benefits
- Up to 80% financing.
- Attractive credit rates starting at 8%
- 15-year maximum repayment term.
- Speedy approvals.
- No penalty for accelerated payments.
- Loan proceeds disbursed in accordance with fixed price contract.
Requirements
- Legal Documents – Certificate of Incorporation
- Memorandum & Articles of Association
- Business Name Certificate
- Certificate of Good Standing
- Board Resolution to borrow
- Audited Financial Statements for 3 consecutive years
- Cash Flow Projections for 12 months.
- DCA Approved Building Plans
- Construction estimate provided by contractor
- Fixed price construction contract.
- − Valuation of land and proposed building from reputable evaluators recommended by ECAB.
- Property Insurance assigned to the bank.
Overdrafts
Features & Benefits
- Increased purchasing power
- Attractive credit rates
- Speedy approvals.
Requirements
- Legal Documents – Certificate of Incorporation
- Memorandum & Articles of Association
- Business Name Certificate
- Certificate of Good Standing
- Board Resolution to borrow
- Audited Financial Statements for 3 consecutive years
- Cash Flow Projections for 12 months.
- Security in the form of cash and/or property.