Loans & Line of Credit

Whether you need an operating loan to help with the day-to-day expenses or want to make major improvements to your farm operation, our agriculture lending products are tailored to meet your ongoing borrowing needs.

Loan

Give your business the flexibility to grow whether you need an operating loan to help with the day-to-day expenses or you want to make major improvements to your farm operation.


Term Range: 1 - 7 years

Interest Rate: Variable or fixed

Repayment Schedule: Flexible terms

Features:

Loans are generally used to finance purchases such as:

  • Equipment or vehicles

  • Expansion or renovation

  • Lump-sum working capital

  • Inventory


Line of Credit

Enjoy financial flexibility to manage your cash flow with a line of credit that can be paid down and used again as your business grows and changes.


Term Range: Revolves automatically

Interest Rate: Variable or fixed

Repayment Schedule: Flexible terms

Features:

Lines of credit are typically used to cover daily expenses such as:

  • Rent

  • Inventory

  • Payroll

  • Daily operations


Borrow smart with a loan or line of credit!

Whether you're looking to manage day-to-day expenses or want to expand your business, a Loan or Line of Credit can help provide the financing you need.

Work with us and together let's make your business dreams a reality.

Frequently Asked Questions

While they sound similar, they aren’t. A good starting point is to ask yourself why you need to borrow money. Is it to fund a one-time purchase, or to provide yourself with an ongoing financial buffer? You can't re-borrow from a loan, while a line of credit has a limit you can draw from, repay, and draw from again.

Fixed Rate
A fixed interest rate stays the same for the term chosen. It’s ideal if you’re looking for set payments, and want to know exactly when the loan will be paid off.

Variable Rate
A variable interest rate changes whenever our prime rate changes. It’s ideal if you’re not worried about changing interest rates, and want to benefit when interest rates decrease.
If interest rates decrease, more of your regular payment goes towards your principal, so you can pay off your loan faster.

If interest rates increase, more of your regular payment goes towards interest, and amortization period will increase. Your regular payment may have to be adjusted periodically.

On average, you can expect to pay approximately 25% of the eligible expense, due at the time of purchase. You may wish to talk with one of our representatives for more information.

Our lending experts will review your credit history and experience, as well as your short and long-term financial goals to help you find the best borrowing option for you.

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Credential (copyright) Asset Management
Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Mutual funds, other securities and securities related financial planning services are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and trademarks of Aviso Wealth. VirtualWealth is a trade name of Credential Qtrade Securities Inc.


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