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Loans and Lines of Credit
Flexible solutions to help you stay ahead of things.
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!
Need a hand?
Get started by making an appointment with a business lending specialist today.
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.
