Business Lending

Business Term Loans

A term loan from Rapport Credit Union can be used to provide financing for working capital or the purchase or lease of business assets such as machinery, equipment, furniture or fixtures and to make leasehold improvements. They are also commonly used for additions to long term working capital, to expand or modernize facilities or for vehicles used for business transportation. The ability to repay these loans is often generated by the enhanced cash flow from these assets. Term loans can be secured by plant and equipment, receivables, inventories, investments or government guarantees.

  • Fixed and variable-rate loans available
  • Flexible repayment options to match your cash flow
  • Flexible terms up to 5 years

Business Operating Lines of Credit

An operating line of credit (LOC) is a revolving loan businesses use in order to meet day-to-day cash flow requirements. This could include covering short-term cash requirements, taking advantage of supplier discounts or covering seasonal working capital needs.

The LOC is normally repaid as your business generates cash flow from operations. While these loans are repayable on demand, there is no fixed repayment schedule except for interest, which is due and payable each month. And LOC is normally secured by accounts receivable, inventory and other business assets and may be renewable annually.

Commercial Mortgages

Commercial mortgages are available for the purchase of land and buildings, or to make renovations and additions. Progressive advances are available for construction mortgages. These commercial mortgages may be secured by residential, investment, commercial or rural properties.

  • Fixed and variable-rate loans available
  • Flexible repayment options to match your cash flow
  • Flexible terms up to 5 years
 

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