Lines of Credit Expand/Collapse
- Collateral can include accounts receivables, margined monthly, based on an agreed upon formula.
- Competitive variable interest rate based on Prime and type of collateral.
- Interest is calculated daily, dependent on use and charged monthly.
- Interest paid is eligible for our patronage dividend program.
- No set repayment, only regular deposits are necessary.
- Descriptive monthly statements are available.
Commercial Term Loan Expand/Collapse
- Carpathia Credit Union is an approved lender under the Canada Small Business Financing Act (CSBFA) and the Rural Entrepreneur Assistance Program (REA).
- Competitive variable interest rate based on Prime and collateral type. Fixed interest rate available as well.
- Interest paid is eligible for our patronage dividend program
- Convenient repayment Terms are available.
- Our commercial loan application fees are one of the lowest in the industry.
- Collateral can include a charge on equipment - new or used - and/or real estate assets.
Commercial Real Estate Loan Expand/Collapse
- Approved lender with the Canada Mortgage and Housing Corporation (CMHC).
- Competitive variable or fixed rates from 6 months to 5 years.
- Interest paid is eligible for our patronage dividend program.
- Flexible repayment terms and amortization periods are available.
- Mortgage re-advancement options are available.
