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Loans and Lines of Credit

Flexible solutions to help you stay ahead of things.

 

If you're planning to update equipment, expand your facilities or even start a new venture, a business loan can help.

Our business banking team will help you access the capital your business needs to grow.

 

​​​What type of business lending solution do you need?

 

 

Business Line of Credit

Overview

This type of loan is often the most cost efficient, convenient way to finance the week-to-week, month-to-month operating expenses of your business. Our lines of credit allow you to draw on your business chequing account up to an arranged line of credit limit.  As you deposit funds, you pay down your line of credit, reducing interest costs.

Great For:
  • Easy to access support
  • Flexible and reliable options for payment
  • Low rates
  • Member Rewards

Overdraft Protection

Overview

Protection at any time against overdrawing your account or having returned cheques because of inadequate funds. Monthly payments are based on a percentage of the outstanding balance.

Great For:
  • Charges are only made when used
  • Low interest sloution to short term account changes
  • Easily accessed support and advice

Letter of Credit

Overview

We provide a letter of credit in the event that a business is unable to make payment to a vendor.  The bank will be required to cover a pre-approved amount or the remaining amount owed to the vendor.

Key Features
  • Quick turnaround 
  • Local knowledge
  • Typically cash secured
 

​​Enjoy the advantages of a Revelstoke CU Business Loan

​​

  • Flexible payment schedule - options for weekly, bi-weekly, semi-monthly or monthly payment schedule
  • Flexible repayment options means you can pay early without penalty
  • Personalized support - our team of lending experts will help you find the best financing solution and payment plan for your business needs​​
  • Fixed or variable rate options - your loan, your choice!
 
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​Need a hand?

​Get started by making an appointment with a business lending specialist today.

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​Our nifty calculator will crunch numbers to estimate your payments, determine when you'll be paid off and more.

 

​Helpful articles and resources

 

​Why choose a Business Line of Credit

​Learn more about the key benefits and features of a business LOC.

​All about Small Business Loans

​Learn about the many ways to fund both big and small business ideas, even with no credit history.