Commercial Loans

 

Finance your business’ long-term growth


Quinte First’s commercial loans deliver competitive interest rates and flexible repayment terms so you can quickly finance long-term growth and take advantage of business opportunities as they arise. Ideal for purchasing fixed assets including new or used equipment, commercial vehicles, buildings and renovations, term loans are cost-effective loans that can support your business growth plans. You can choose either a fixed rate loan, allowing you to lock-in at a specific rate, or, you can choose a variable rate that changes with Quinte First’s Prime rate.

 

How can this help my business?

  • Loans to purchase new or used capital assets 
  • Can be used to refinance an existing debt, business expansion or acquisitions 
  • Flexible repayments when you need it 
  • Stabilize your payment schedule by providing consistent payment amounts 
  • Prepayment privilege at no charge 
  • Fixed rate loans provide peace of mind by maintaining your loan carrying costs when interest rates rise 
  • Variable rate loans benefit from lower interest rates immediately when the prime rate changes  and If interest rates rise, the loan can be converted to a fixed rate term loan

 

What else do I need to know?

  • These are secured loans for a term usually up to 5 years but not exceeding the useful life of the asset being financed 
  • Fixed rate loans: 
    • Payments are blended to include both principal and interest 
  • Variable rate loans: 
    • Payment amount set to ensure repayment of the loan remains within the agreed to specified period but not to exceed the useful life of the asset being financed
    • Fluctuates with Quinte First's Prime 
  • Monthly payments are required

 

Bring In Your Business

We believe the best way to get to know your business is to get to know you.  We know that every business is different and so are its financing requirements.  We’ll take the time to get to know your business, anticipate your needs and provide you with customized solutions. After all, we’re accountable to you.

In addition to building customized solutions for your business, we offer full service commercial banking solutions, including a wide selection of daily banking products, complementary lending services,  and investments.

 

Ready to get started?


Call and speak with our Commercial Lending Specialist, Scott Lafleur, today
and he can begin tailoring a financing solution to meet your needs.

Call: 613-966-4111 Ext. 290
Email: slafleur@quintefirst.ca

 

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