Business Banking - Borrowing Options

Mortgages

Commercial Mortgages

If you're looking to purchase or refinance industrial, commercial or investment property, our commercial mortgage offers you up to 65% financing, with the availability of up to 15-year amortization to keep your monthly payments to a minimum. A variety of commercial mortgage solutions are available for:

Construction/interim financing:

multi-family residential projects (condominiums and townhouses), industrial warehouses, office buildings, retail shopping centres
variable rate for six to 18 month terms

Income-producing properties:

apartment buildings, industrial and commercial/retail buildings
open, fixed, or closed rates for 1-3 year terms

Land servicing/subdivision financing is also available featuring:

Competitive rates based on security
CMHC-approved lender
Quick approvals provided
Flexible and personalized service provided by commercial lenders
All-In-One Statements are issued monthly.

Commercial Loans

Large Loans

We're right here! At North Peace Savings and Credit Union, our dedicated team can meet with you wherever it's most convenient to you to arrange business loans customized to your needs. We can help you realize your business goals faster.

Business Loans

Whether you're acquiring land, erecting buildings, making renovations or installing new equipment is very important to us - that's why we have a sales team dedicated to meeting the needs of your business.

Lines of Credit

Small business doesn't have to mean small budget. And it's even truer when you have a line of credit at your disposal. It's there when you need it. With a line of credit, you can access your funds just as you do your current North Peace Savings and Credit Union Business account writing cheques, using ATM or by visiting your branch in person. You borrow only what is needed, when it's needed. Interest is changed only on the portion of loan actually used and there's no minimum usage. Small business. Big dreams? See how far a line of credit can take you.

Letters of Credit

Need help getting approval from creditors?

At North Peace Savings and Credit Union, we're pleased to provide our commercial members with letters of credit confirming their relationship with us. The process is simple. You make a deposit with us ( in Canadian dollars) and we then give you a letter verifying that we'll be responsible for your debt ( up to an approved amount) should you default. Send this letter to your potential creditor, and you should be all set.

Commercial Leasing

To compete and win, you need the latest equipment and technology. And you have to be able to act fast.

Commercial Leasing is the best way to get what you need, when you need it, without the high cost of ownership. Use the capital you save to invest or expand.

North Peace Savings and Credit Union in Partnership with Concentra Financial Commecial Leasing.

Why Lease Through Concentra Financial?

Higher percentage of financing, often up to 100%

Lower Payments
Designed for You
Latest Equipment
Preserve Credit
Overcome Budget Restrictions
Pay as You Profit
Spread taxes over the term of the lease
Potential tax advantages in expensing entire rental
Interest rates are fixed over term of contract
Simple application process
Lease specialized equipment

We know your Business

Let's work together to design a lease program for the equipment you need.

What can be Leased?

Commercial use equipment that is moveable and identifiable.
Used assets and sale/Leaseback transactions will be considered if the Lessee has a strong, established credit history.

Eligible Equipment:

Agricultural Equipment
Office Furniture (Moveable)
ATCO Trailers
Oil Field Machinery
Busses (Commercial and School)
Printing Machinery
Computer Aided Design Equipment
Railroad Cars and Locomotives
Construction Machinery
Robotic Equipment
Electronic Data Processing Equipment
Steel/Fabric Buildings (Moveable)
Energy Conservation Equipment
Storage Tanks (Above Ground)
Engineering Equipment
Surgical and Medical Instruments
Generators
Telecommunication Equipment
Golf Carts
Textile Machinery
Grain Bins and Portable Structures
Utility Vehicles- Ambulances and Fire Trucks
Laboratory and Research Instruments
Metal Cutting/ Forming Tools
Welding Equipment
Materials Handling Equipment
Woodworking Machinery
Numerical Control Equipment
X-Ray Equipment

Non-Eligible Equipment:

Consumer Leases
Real Property (Fixed Buildings)
Recreational Vehicles
Passenger Autos and Trucks
Restaurant/ Nightclub Equipment

Concentra Financial

Business Card MasterCard

With Your Business In Mind - The Business Card MasterCard is perfect for small businesses and corporate members who want financial convenience and control.

Features

Any number of names may appear on the account.
Credit Limits can be set for each card on the account.
Statements are mailed directly to each cardholder, as well as the account administrator.
Common Carrier Travel Accident Insurance
You're covered for up to $100,000 in the event of an accident when a portion or all of your ticket is purchased with your MasterCard
Core Features:
Global Acceptance at 17 million locations world wide
ATM Access at over 890,000 locations
24-hour lost/stolen card assistance
Emergency cards and emergency cash
Master RoadAssist® 24-hour roadside assistance at pre-set rates

Please check out more information on the Business Card MasterCard by selecting the Business Card MasterCard picture or by this website: http://www.cuets.com/products/mastercard/card_business.htm

Please contact our friendly and experienced commercial lenders for more information or contact us online to get started on your loan application right away.

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