Loans and Mortgages

Whether you are considering expanding your business, doing upgrades or renovations, or paying off some bills, Advance Savings Credit Union can help move your business in the right direction. For your convenience, we have a variety of business lending products available.  When you meet with one of our Commercial Account Managers to discuss your business needs, we will help you find the plan that is right for you!

Business Loans
If your business requires capital to cover your fixed assets, then an Advance Savings Credit Union Commercial Loan is right for you. There are several options available to you:

        - Business Loan -Short and Long Term
        - Business Loan -Commercial and Agriculture/Fishery
        - Commercial Mortgages

Whatever your needs, our Commercial Account Managers will assist you in setting up the best solution to your business’ needs.

Features:
        - Competitive rates
        - Flexible payment options
        - Insurance coverage available

Business Loan – Short and Long Term
These loans are for commercial owners who require financing to cover the cost of their fixed asset requirements. Advance Savings Credit Union’s interest rates are competitive and we offer variable & fixed rates with amortization from 1-20 years. We have a variety of financing options available (i.e. Mortgages/PPSA) and a variety of payment options including flexible pre-payments. Life insurance coverage is available for owners.

Business Loan – Commercial & Agricultural 
Advance Savings Credit Union offers a complete selection of business loans including lines of credit, letters of credit, commercial mortgages, and even farm loans. Our Commercial Account Managers would be happy to help you with your loan application and to customize a loan just for you.

Small Business Loan Guarantee Program (SBLGP)
Are you a New Brunswicker looking to start-up a business, expand existing operations, or access short-term working capital?

If so, the Small Business Loan Guarantee Program may help. SBLGP was developed to stimulate investment in small business, in eligible sectors. Delivered by your local Credit Union, in partnership with Business New Brunswick, Advance Savings facilitates the loan process, putting more decision making power back into your community.

Contact Advance Savings today to see if your business is eligible, or download the SBGLP application by clicking below.

Click to Open Loan Application

More Information on the Government of NB Website

Commercial Mortgages 
Advance Savings Credit Union can help you with your commercial mortgage needs, whether you need help financing a new building for your company or buying/developing other commercial property.

Amortization schedules run from 1-20 years, and we will collect and pay your property taxes on your behalf.

Our evaluation process considers such key components as:
        - The project location
        - Quality
        - Your previous track record

Approved mortgage amounts are based on realistic projected income and other considerations.

 

 

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