Commercial Lending

Whether you’re thinking about buying a new workspace, renovating your existing space, or paying off your bills, Advance Savings  can help!  We offer a wide range of business loan products to fit our member's particular needs.

Business Loans Expand/Collapse

Whether you are considering expanding your business, doing upgrades or renovations, or paying off some bills, Advance Savings can help move your business in the right direction with  short or long term business loans and agricultural or fishery loans.

  • Repay your loan faster with weekly or bi-weekly payments
  • No penalty for extra payments or early repayment
  • Competitive  fixed interest rates
  • Low cost life and disability insurance available

Business Lines of Credit Expand/Collapse

A Line of credit allows our member to borrow up to a certain amount without getting an individual loan. You apply once and can borrow against an approved limit.  It allow our member to have access to money when they need it for any situation.

  • You control how much you borrow
  • The money is accessible with Interac debit, e-Transfer and cash or cheque withdrawal
  • Competitive interest rates
  • Flexible repayment options

Business Mortgages Expand/Collapse

Advance Savings is here to help our business members with their mortgage needs; whether you need help financing a new building or buying/developing other commercial properties. Pay off your mortgage anywhere between 1-20 years; we’ll even collect and pay your property taxes for you.

Canadian Emergency Business Account Expand/Collapse

The Government of Canada recently announced that it will be providing the Canada Emergency Business Account to support Canadian businesses that have been adversely affected by COVID-19. Eligible businesses will receive a $40,000 loan for immediate financial support to cover short term operating expenses, payroll and other non-deferrable expenses which are critical to sustain business continuity.

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Commercial Team
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