Business Loans
Borrowing money may be a wise money management move that can maximize
your purchasing power and allow you flexibility in managing your
business. Our loans are designed to be flexible and tailor-made
to suit your needs.
[Authorized Overdraft]
[Commercial Loans]
Authorized Overdraft
An Authorized Overdraft is available for those members who require
funds for specific operating purposes such as financing receivables,
inventory build-up, seasonal requirements or other cash flow needs.
Funds are advanced only as you require, not in multiples. Deposits
are directly applied to the outstanding balance. This method minimizes
the interest you pay.
Commercial Loans
Funds are available through Bow Valley Credit Union for any worthwhile
purpose. This would include such items as equipment purchase, major
renovation or purchase of real property.
A full range of terms and options are available at excellent rates
to suit your business needs. Interest rates can be fixed or in relationship
to prime. Interest terms are one, two or three years and amortization
periods up to 20 years.
Loan, disability and life insurance is also available for all of
your business borrowings.
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