Why do you need financing?
In addition to your capital injection, you may need supplementary finance for:
- business start up
- daily operations
- business expansion
- sustaining your business
- managing uncertainty
How much financing can you get?
For small commercial businesses, we provide up to 75% financing of the cost. We can help you with the purchase of machinery, equipment, acquisition of office facilities, working capital needs, purchase of property (land or land & building) for business occupation/use and construction or renovation of the building used in the business.
What documents do you need to apply for financing?
- Certificate of Registration (sole trader/partnership) or Certificate of Incorporation
- Certificate of Continuance for companies registered after 1995
- Two forms of valid identification (ID card, driver's permit, passport) for each director/ account signatory
- Notice of registered address, directors, secretary, shareholders
- Articles of Incorporation/Association and by-laws
- Audited financial statements prepared by an accountant for 3 years and cash flow/ projected cash flow analysis
- Invoice/contract/ sale agreement (proof of request)
- A business plan for a new business
- All bank and other financial institutions’ statements reflecting your capital (including savings and investments) and loan balances with applicable installments
NOTE: Even if you don't have all the documentation, feel free to meet with our Business Advisory Team and we will be happy to guide you through the process.
To learn more about our commercial offerings, please contact one of our Account Managers at any of our 34 Commercial Centres or call 625-4411.