BORROWING
Commercial Loans
Get your Business started the right way.
Cash Secured Loan
Unsecured Loans
Personal Line of Credit
Cash Secured Line of Credit
Commercial Loans
Commercial loans are specific to commercial entities and are used for purchasing of business property,
renovations, equipment replacement, modernizing of plant and debt consolidation.
Interest is charged on a reducing balance basis, therefore, over the term of the loan, as interest decreases,
more of the installment will be applied to the principal and the interest portion will be smaller.
Benefits
- Expansion pressures to satisfy demand can be realized without much delay
- Refinancing is optional
- Effective servicing of facility establishes a good credit rating thus ensuring future credit opportunities
Features & Information:
- To qualify, the business, as well as its owners and directors must be in good financial standing.
- Installments must fall within the debt servicing capacity of the business.
- Extended to businesses mainly for the purchase of equipment, upgrading, expansion, etc.
- Standing orders for loan payments can be placed on chequing and savings accounts.
Click below to start your application online
Other Services You Might Be Interested In.
Business Accounts
Discover our accounts for businesses and self-employed entrepreneurs
Savings Accounts
Check out our savings account options for the best fit for you
Questions?
Visit us, call 1-767-255-2300, or Ask NBD via the form provided.
